gemini-3-flash-preview (chosen from majority vote of a three-model LLM ensemble)
Short Digest
bb76f1ee0cd328ca
Response Measures
None
Receivership Details
Depositor recovery rate
80.9%
Date receivership started
1929-02-13
Date receivership terminated
1936-04-15
OCC cause of failure
Governance
Share of assets assessed as good
43.8%
Share of assets assessed as doubtful
43.8%
Share of assets assessed as worthless
12.4%
Events (4)
1.January 28, 1890Chartered
Source
historical_nic
2.February 13, 1929Receivership
Source
historical_nic
3.February 13, 1929Receivership
Newspaper Excerpt
MANCHESTER BANK'S RECEIVER ANNOUNCES 20 PCT. DIVIDEND
Source
newspapers
4.February 13, 1929Suspension
Cause Details
The bank was placed in receivership on February 13, 1929.
Newspaper Excerpt
MANCHESTER BANK'S RECEIVER ANNOUNCES 20 PCT. DIVIDEND
Source
newspapers
Newspaper Articles (1)
1.April 3, 1930The CourierWaterloo, IA
Click image to open full size in new tab
Article Text
MANCHESTER BANK'S RECEIVER ANNOUNCES 20 PCT. DIVIDEND
Manchester Ia tional bank Rigler dividend distribution
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.