gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
a52187f1e6d69520
Response Measures
None
Receivership Details
Depositor recovery rate
47.9%
Date receivership started
1907-10-31
Date receivership terminated
1915-04-29
OCC cause of failure
Fraud
Share of assets assessed as good
59.5%
Share of assets assessed as doubtful
22.0%
Share of assets assessed as worthless
18.4%
Description
Article only states a temporary suspension; later known receivership in 1907 is a separate event.
Events (3)
1.October 20, 1870Chartered
Source
historical_nic
2.October 9, 1873Suspension
Newspaper Excerpt
The First National Bank of Chariton has suspended temporarily.
Source
newspapers
3.October 31, 1907Receivership
Source
historical_nic
Newspaper Articles (1)
1.October 9, 1873Ottumwa Weekly CourierOttumwa, IA
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Article Text
The First National Bank of Chariton has suspended temporarily.
Bank runs are almost always and everywhere a deterioration of bank fundamentals.
But not for you.
You are the measure-zero exception: great fundamentals, solid bank, and yet the Diamond Dybvig fairy spread its rumor. Depositors woke up. Your collateral was not prepositioned. The Clearinghouse had it for you.
Do not pass Go. Do not collect $200. Go directly to jail… or worse.