gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
e4bd0cbb463fef25
Response Measures
Full suspension, Books examined
Receivership Details
Depositor recovery rate
51.1%
Date receivership started
1926-12-21
Date receivership terminated
1933-08-14
Share of assets assessed as good
27.0%
Share of assets assessed as doubtful
46.8%
Share of assets assessed as worthless
26.2%
Description
OCR errors present in originals (typos in names/dates) but facts consistent across articles.
Events (4)
1.January 2, 1872Chartered
Source
historical_nic
2.December 14, 1926Run
Cause
Bank Specific Adverse Info
Cause Details
Suit by county treasurer alleging improper/insufficient bond for large county deposits led to loss of confidence and withdrawals
Measures
Board of directors voluntarily closed the bank after the run
Newspaper Excerpt
A light run upon the bank followed filing of the suit
Source
newspapers
3.December 21, 1926Receivership
Source
historical_nic
4.December 21, 1926Receivership
Newspaper Excerpt
Newly appointed receiver of the First National bank ... Fred Buersletta arrived here last night and today taking up the work of getting bank affairs in shape
Source
newspapers
Newspaper Articles (17)
1.December 15, 1926Lincoln Journal StarLincoln, NE
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Suit Brought by County Treasurer Believed to Have Brought Trouble. Neb., Dec. 14 First bank Plattsmouth, the oldest nancial institutions closed its doors by order the board directors closing to have been the outgrowth of filed Monday district court against by Miss county treasurer, seeking to approximately $20,000 declared county excess the sum protected bond Her states the directors bank failed provide sufficient bond cover this extra placed bank restoration of the the ground that obtained fraudulently upon the bank followed filing of the suit, the closing not until after business hours today The bank, Dovey, in the hands William Wilson, national bank aminer.
2.December 17, 1926The Lincoln HeraldLincoln, NE
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CLOSE PLATTSMOUTH BANK
The startling news reached this city, Tuesday, that the First National bank of Plattsmouth, one of the oldest financial institutions of Nebraska, closed its doors late that day by order of the board of directors.
The closing was believed to have been the outgrowth of a suit filed Monday in district court by Miss Mia U. Gering, county treasurer, seeking to recover approximately $20,000 of county deposits, which are in excess of the sum protected by bond. Her petition states the diretors of the bank failed to provide sufficient additional bond to cover this extra money, placed in the bank December 2, as was promised and asks restoration of the sum on the ground that it was obtained fraudulently. A light run upon the bank followed filing of the suit, but the closing did not come until after business hours. The bank established in 1869 by T. G. Dovey, is in the hands of William Wilson, national bank examiner.
3.December 27, 1926The Plattsmouth JournalPlattsmouth, NE
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New Receiver for
Fred Buersletta of Lincoln Named as the Official to Handle the Bank Affairs.
From Thursday's The newly appointed receiver of the First National bank this city, Fred Buersletta rived here last night and today taking up the work getting bank affairs shape be handled with closing the bank and making rapidly the claims liabilities of the bank. The receiver of Lincoln and known to large of the local people he univessity with number Plattsmouth people. work checking the bank been looked William Wilson of Omaha, who will getting the bank shape that some idea final sults of known to who have interests closed
4.January 15, 1927Lincoln Journal StarLincoln, NE
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Move Made by Former Cass Treasurer in Plattsmouth Bank Neb., Jan. former today filed petition fendants Cass the First tional bank Plattsmouth, the delity Security company and the United States Security company Md. The petition asks that aside trust fund judgment the plain tiff that time the failure of the bank several weeks claimed had ago, county funds protect the curity funds. thought that the bank which partly sponsible for its closing outgrowth the trouble these deposits. his answer to the petition. County Attorney Kieck asked that amount trust fund set aside, Cass county, and that the county the ants. The Gering First both the when she deposited December
5.February 1, 1927Fremont TribuneFremont, NE
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ACCUSED CASHIER WILL LEARN FATE
Judge To Give Decision Wednesday
PLATTSMOUTH, NEB., Feb. H. Duxbury, Cass county, announced today that he will give his decision Wednesday afternoon in the case of the state against George Dovey, cashier of the defunct First National bank of Plattsmouth who has been accused of accepting county funds for deposit without having sufficient bond to secure them. Dovey was given preliminary hearing yesterday. Attorneys for the defense contended that the state under arrested constitutional. Mia Gering. former county treasurer, who filed the charges said she had been induced to deposit by Dovey and that was not satisfactorily protected. Her action resulted in run on the bank which voluntarily closed by the board of directors.
6.February 1, 1927The Grand Island IndependentGrand Island, NE
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Advisement
Plattsmouth, Neb., Feb. of George Dovey, cashier of the First National bank charged with fraudulent misrepresentation in accepting county funds for deposit without surety bond, required federal banking under advisement County Judge Duxbury Monday, folpreliminary hearing. whether Dovey be held for trial will be Wednesday. An attempt introduce records other state banks show that Miss Mia Gering, former county had been in the habit depositing other Cass county banks in excess of state limobjected the grounds that Gering not trial. Dovey specially charged with inducing Gering to deposit Missouri railroad countaxes in his bank on December after assuring her would arrange bond, which the state charges failed to do because of the condition of the Miss Gering's suit to recover thought have been partly responsible run bank which resulted its closing.
7.February 1, 1927The Hastings Daily TribuneHastings, NE
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DECISION WEDNESDAY
PLATTSMOUTH, Neb., Feb. (U.R)- County Judge A. H, Duxbur yy. Cass county. announced today that he will give his declison Wednesday afternoon in the case of the state against George Dovey, cash fer of the defunct First National Bank of Plattsmouth who has been accused of accepting county funds for deposit without having sufficient bond to secure them Dovey was given at preliminary hearing yesterday Attorneys for the defense contended that the state law under which Dovey was arrested, is unconstitutional. Miss Mia V. Gering, former county treasurer, who fn ed the charges said she had been induced to deposit $24,000 by Dov. ey and that was not satisfactorily protected. Her action resulted in run on the bank which was voluntarily closed by the board of directors.
8.February 1, 1927Lincoln Journal StarLincoln, NE
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DOVEY CASE IS HEARD
County Judge to Give Decision in Case of Plattsmouth Banker Wednesday.
PLATTSMOUTH, Neb., Feb. (U. P.)-County Judge A. H. Duxburry, Cass county, announced to day that he will give his decision Wednesday afternoon in case of the state against George Dovey, cashier of the defunct First National bank of Plattsmouth, who had been accused of accepting county funds for deposit without having sufficient bond to secure them. Dovey was given a preliminary hearing yesterday. Attorneys for the defense contended that the state law under which Dovey was arrested. is unconstitutional. Miss Mia V. Gering, former county treasurer, who filed the charges, said she had been in duced to deposit $24,000 by Dover and that it was not satisfactorily protected. Her action resulted in a run on the bank which was voluntarily closed by the board of directors.
9.February 1, 1927York News-TimesYork, NE
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JUDGE WILL GIVE HIS DECISION WEDNESDAY
Bank Cashier Charged With Accepting Deposits Without a Bond.
County Judge A. H. Duxburry. Cass county announced today that he will give his decision Wednesday afternoon in the case of the state against George Dovey. cashier of the defunct First National bank of Plattsmonth. who has been accused of accepting county funds for deposit without having sufficient bonds to secure them Dovey was given a preliminary hearing yesterday Attorneys for the defense contended that the state law under which Dovey was arrested. is unconstitutional. Miss Mia V. Gering. former county treasurer. who filed the charges said she had been induced to deposit $24,000 by Dovey and that It was not satisfactorily protected Her action resulted in run on the bank which was voluntarily closed by the board of directors.
10.February 1, 1927The Stockman's JournalOmaha, NE
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Expect Decision in Bank Case at Plattsmouth Soon
H. Cass will give his decision day the case of the against George Dovey cashier of the defunct First National bank Plattsmouth, who been funds for with out them. given a preliminary hearing yesterday Attorneys for the defense contended that the law under Dovey arrested. Miss county who filed the said she had been induced to deposit $24 000 by Dovey and that It was not Her action run on which was closed by the board of directors.
11.February 2, 1927The Sioux City JournalSioux City, IA
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FORMER CASHIER IS ACCUSED OF FRAUD
Plattsmouth, Neb., Feb. ing preliminary hearing. the case George Dovey cashier of the First National bank here. charged with fraudulent misrepresentation in cepting $24,000 of apunty funds for deposit without surety bond required by state and federal banking laws, was taken under advisement to. County Judge H. Duxbury, who will give decision Wednesday as whether Dovey shall be held for Miss Mira former county who made the posit last December brought suit to recover, which is thought to have been partly responsible for on the bank which resulted in its closing.
12.March 10, 1927Beatrice Daily SunBeatrice, NE
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SUES BANK RECEIVER
Plattsmouth, March (AP) Suit against Fred Buerstetta. receiver of the First National bank. recently closed. and five local men who were guarantors under $15, 000 surety bond for city funds de posited in the bank. was filed by the city of Plattsmouth. The bondsmen have indicated they will contest Dayment of at least part of the money. The city's balance was $9,421 at the time of the bank's closing.
13.October 14, 1927Lincoln Journal StarLincoln, NE
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BERGMANN JURY GIVES UP
Unable to Decide Whether Bank Receiver Is Entitled to Collect on Stock.
The jury that, went out in federal court at o'clock Thursday afternoon came in at 3 o'clock Friday with the information that it was impossible to reach verdict. The case was brought by Fred Buert stetta, receiver for the First Na tional bank of Plattsmouth, to, collect an assessment of $5,000 on bank stock held by Mr. Bergmann. The jury couldn't agree as to whether Mr. Bergmann wanted his stock canceled after he saw that the bank was in deep water, or whether he made application month before that time, and before the period in which he would have been liable as a stockholder.
14.November 28, 1927Lincoln Journal StarLincoln, NE
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DEPOSITORS GETTING MONEY
Plattsmouth Bank Receiver Starts Paying Dividend. PLATTSMOUTH, Neb., Nov. 28. -Depositers of the First National bank of Plattsmouth are receiving percent this week the hands of Fred receiver. of 10 cent will probably be made this winter. The amount now being distributed $47,671 and it going to 671 claimants.
CANADIAN TO BE CARDINAL ROME. Nov. bishop Pouleau, of Quebec, will made cardinal at the consistory, Dec. 19, it was learned today.
15.November 28, 1927Lincoln Journal StarLincoln, NE
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DAMAGE SUIT IS APPEALED Pavel Asks Second Hearing in Collision Case.
SEWÁRD, Neb., Nov. Baldwin sued John Pavel in the county court for $375, for damages as the result of an automobile collision. The court found the plaintiff and an appeal has been made to the district court. DEPOSITORS GETTING MONEY
Plattsmouth Bank Receiver Starts Paying Dividend. PLATTSMOUTH, Neb., Nov. 28. Depositors of the First National bank of Plattsmouth receiving percent dividend this week the hands Fred Buerstetta, ceiver. Another dividend of percent will probably be made this winter. The amount now being distributed $47,671 and it going to 671 claimants.
16.May 11, 1928The Lincoln StarLincoln, NE
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Bank Receiver Gets Judgment of $11,101 receiver of the First National bank of Plattsmouth was awarded recovery of money against Louis Keil on six sued by jury federal court Thursday He was given total judg-
17.November 14, 1928The Omaha Evening Bee-NewsOmaha, NE
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Defendant Upheld in Bank Stock Case in the federal court deliberating in the case of H. J. Spurway, bank receiver. against John Bergmann, late this evening returned verdict for Bergmann The suit was brought to determine his lia. bility on 50 shares of stock in the First National bank of Plattsmouth. which Bergmann denied he ever really owned. though it was on the books of the bank in his name
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.
