gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
92da266cea7263dd
Response Measures
None
Receivership Details
Depositor recovery rate
75.0%
Date receivership started
1905-06-02
Date receivership terminated
1912-03-31
OCC cause of failure
Fraud
Share of assets assessed as good
18.9%
Share of assets assessed as doubtful
39.7%
Share of assets assessed as worthless
41.5%
Events (4)
1.August 13, 1900Chartered
Source
historical_nic
2.June 2, 1905Receivership
Source
historical_nic
3.June 2, 1905Receivership
Newspaper Excerpt
National Bank Examiner Earling has been appointed receiver.
Source
newspapers
4.June 2, 1905Suspension
Cause
Government Action
Cause Details
Directors voted to close and requested National Bank Examiner Peter R. Earling, who took charge and was appointed receiver.
Newspaper Excerpt
the directors voted unanimously to close its doors temporarily; National Bank Examiner Earling has been appointed receiver.
Source
newspapers
Newspaper Articles (12)
1.June 2, 1905Evening Times-RepublicanMarshalltown, IA
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Article Text
A Wisconsin Bank Closes. Washington, June 2.-The president of the First National Bank of Ladysmith, Wis., has advised the comptroller of the currency that the directors voted unanimously to close its doors temporarily. National Bank Examiner Earling has been appointed receiver. The bank has a capital stock of $25,000.
2.June 2, 1905Rock Island ArgusRock Island, IL
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Article Text
WISCONSIN BANK CLOSED Directors Take Voluntary Action at Ladysmith, Wis. Washington, June 2.-The president of the First National bank of Ladysmith. Wis., has advised the comptroller of the currency that the directors voted unanimously to close its doors temporarily. National Bank Examiner Earling has been appointed receiver. Chicago, June 2.-The bank has a capital stock of $25,000.
3.June 2, 1905The Providence NewsProvidence, RI
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Article Text
DIRECTORS VOTE TO CLOSE LADYSMITH NATIONAL BANK Washington, June 2.-The president of the First National bank of Ladysmith, Wis., has advised the comptroller of the currency that the directors have voted unanimously to close its doors temperar11y, and at their request National bank Examiner Peter R. Earling has taken charge. Examiner Earling has been appointed receiver. In a report made by the bank on March 14. 1905. $42,659 was owed depositors. The total capital was $83,420.
4.June 3, 1905Evening StarWashington, DC
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Article Text
Ladysmith, Wis., Bank Closed. The president of the First National Bank of Ladysmith, Wis., has advised the controller of the currency that the directors have voted unanimously to close its doors temporarily, and at their request National Bank Examiner Peter R. Earling has taken charge. Examiner Earling has been appointed receiver.
5.June 3, 1905Bryan Morning EagleBryan, TX
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Article Text
Temporarily Closed. Washington, June 2.-The president of the First National bank of Ladysmith. Wis., has advised the comptroller of the currency that the directors voted unanimously to close the doors temporarily, and at their request National Bank Examiner Earling has taken charge. Examiner Earling has The bank's been appointed receiver. capital is $25,000 and deposits $42,659.
6.June 3, 1905Palestine Daily HeraldPalestine, TX
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Article Text
Temporarily Closed. Washington, June 3.-The president of the First National bank of Ladysmith, Wis.. has advised the comptroller of the currency that the directors voted unanimously to close the doors temporarily, and at their request National Bank Examiner Earling has taken charge. Examiner Earling has been appointed receiver. The bank's capital is $25,000 and deposits $42,659
7.June 4, 1905The CaucasianShreveport, LA
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Article Text
Temporarily Closed. Washington, June 3.-The president of the First National bank of Ladysmith, Wis., has advised the comptroller of the currency that the directors voted unanimously to close the doors temporarily, and at their request National Bank Examiner Earling has taken charge. Examiner Earling has been appointed receiver. The bank's capital is $25,000 and deposits $42,659
8.June 7, 1905Willmar TribuneWillmar, MN
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Article Text
Bank Closes. Washington, June 3.-The presid ent of the First National bank of Ladysmith, wis., has advised his controller of the currency that the directors have voted unanimously to close its doors temporarily, and at their request Peter R. Earling, national bank examiner, has taken charge and appointed receiver.
9.June 8, 1905Valentine DemocratValentine, NE
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Article Text
Wisconsin Bank Closes. The president of the First National Bany of Ladysmith, Wis., has advised the comptroller of the currency at Wash ington the directors voted unanimously to close its doors temporarily. National Bank Examiner Earling has been appointed receiver. The bank has a capital stock of $25,000.
10.June 8, 1905Pierre Weekly Free PressPierre, SD
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Article Text
BANK SUSPENDS. First National of Ladysmith in Hands of Receiver. Washington, June 4.-The president of the First National Bank of Ladysmith, Wis., has advised the controller that the directors have voted unanimously to close its doors temporarily, and at their request National Bank Examiner Peter R. Earling has taken charge. Examiner Earling has been appointed receiver.
11.June 8, 1905Rosebud County NewsForsyth, MT
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Article Text
bank SUSPENDS. First National of Ladysmith in Hands of Receiver. Washington, June 4.-The president of the First National Bank of Lady. smith, Wis., has advised the controller that the directors have voted unanimously to close its doors temporarily, and at their request National Bank Examiner Peter R. Earling has taken charge. Examiner Earling has been appointed receiver.
12.November 11, 1909Ladysmith News-BudgetLadysmith, WI
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Article Text
Receiver Earling Resigns P. R. Earling has resigned as receiver of the defunct First National Bank of Ladysmith and Geo. C. Rankin has been appointed.
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.