gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
f5f005e56ca101d8
Response Measures
None
Receivership Details
Depositor recovery rate
75.0%
Date receivership started
1935-02-06
Share of assets assessed as good
63.9%
Share of assets assessed as doubtful
27.0%
Share of assets assessed as worthless
9.1%
Description
Receivership date (1935-02-06) from known records; article (Feb 23) names the receiver and says the bank closed recently.
Events (4)
1.May 12, 1892Chartered
Source
historical_nic
2.February 6, 1935Receivership
Source
historical_nic
3.February 6, 1935Receivership
Newspaper Excerpt
Albert B. Ring ... was today named receiver for the First National Bank of Duquoin, Ill., which closed recently.
Source
newspapers
4.February 6, 1935Suspension
Cause
Government Action
Cause Details
Bank closed and taken into receivership by U.S. Comptroller (receiver named)
Newspaper Excerpt
closed recently
Source
newspapers
Newspaper Articles (1)
1.February 23, 1935The Washington TimesWashington, DC
Click image to open full size in new tab
Article Text
NAMED RECEIVER Albert B. Ring, of the U. S. comptroller's office, was today named receiver for the First National Bank of Duquoin, Ill., which closed recently.
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.