gemini-3-flash-preview (chosen from majority vote of a three-model LLM ensemble)
Short Digest
e9bbc43fa42c116d
Response Measures
None
Receivership Details
Depositor recovery rate
68.2%
Date receivership started
1931-11-17
Date receivership terminated
1937-04-28
Share of assets assessed as good
33.1%
Share of assets assessed as doubtful
34.2%
Share of assets assessed as worthless
32.7%
Description
The articles focus on the death and replacement of the federal receiver, confirming the bank was in receivership following its 1931 closure.
Events (5)
1.August 7, 1908Chartered
Source
historical_nic
2.November 17, 1931Receivership
Source
historical_nic
3.November 17, 1931Receivership
Newspaper Excerpt
Mr. Burchmore was receiver for the First National bank of Tilden... Previous to his appointment as receiver in November, 1931
Source
newspapers
4.September 3, 1932Other
Newspaper Excerpt
Frank B. Burchmore, 59, former Omaha insurance man and federal bank receiver, who died suddenly Saturday night at his home in Norfolk.
Source
newspapers
5.September 8, 1932Other
Newspaper Excerpt
Harald Nomland, new receiver the Norfolk National bank, arrived here late Wednesday and assumed new duties Thursday morning. He will receiver for the First National bank of Tilden
Source
newspapers
Newspaper Articles (10)
1.September 5, 1932Lincoln Journal StarLincoln, NE
Article Text
FRED DIES
Federal Bank Receiver Was Stationed at Norfolk.
NORFOLK Neb. (AP). Fred Burchmore, fifty-nine, Omaha and federal bank here. He had lived for the past year. He the father Mrs. Sweeney, wife Maj. HarCreighton university R. At the time of his death, Burchfor the Norfolk National, the First National banks at Tilden, Hartington Neb. Mrs. Burchmore by his six sisters Funeral services will be held Tuesday at Omaha.
2.September 5, 1932The Grand Island IndependentGrand Island, NE
Article Text
BURCHMORE RITES TO BE HELD TUESDAY
Omaha, Sept. 5. (AP)βFuneral services will be held here tomorrow for Frank B. Burchmore, 59, former Omaha insurance man and federal bank receiver, who died suddenly Saturday night at his home in Norfolk.
Burchmore had resided at Norfolk more than a year as receiver for the Norfolk National bank, and the First National banks of Tilden, Hartington and Crofton.
3.September 5, 1932The Hastings Daily TribuneHastings, NE
Article Text
BANK RECEIVER DEAD
NORFOLK, Neb., Sept. Fred Burchmore, federal bank died here yesterday for the Norfolk National Bank and for the First National banks Tilden, Harting ton and Crofton, Neb.
4.September 5, 1932Omaha World-HeraldOmaha, NE
Article Text
ment bank receiver for the Norfolk National, and the First National banks at Tilden, Hartington and Crofton, Neb.
Besides Mrs. Sweeney, Mr. Burchmore is survived by his widow, Daisy V.; six sisters, Mrs. Rose Allen of Norfolk, Mrs. Sophie Rickman of Port Angelus, Wash.; Mrs. Emily Mansfield, Fort Sill, Okla., and Mrs. Elizabeth Lunquist, Mrs. Laura Hallquist and Mrs. Helen Sorenson, all of Omaha, and one brother, George, of Omaha.
The body will be brought to Crosby's mortuary here. Services will be Tuesday at 2 at the Masonic temple, in charge of Right Angle
5.September 5, 1932The Stockman's JournalOmaha, NE
Article Text
Fred Burchmore Dies
Norfolk, Neb., Sept. B. Burchmore, 59, federal bank receiver, died here yesterday. He was receiver for the Norfolk National bank and for the First National banks Tilden, Hartington and Crofton, Neb.
6.September 8, 1932The Crofton JournalCrofton, NE
Article Text
FRANK BURCHMORE TAKEN SUDDENLY AT NORFOLK HOME
Frank B. Burchmore, 59, former Omahan and federal bank receiver, died suddenly Saturday night at Norfolk, Nebr., his home for the past year. At time of his death. Mr. Burchmore was United States government bank receiver for the Norfolk National, and the First National banks at Tilden, Hartington and Crofton, Nebr.
7.September 8, 1932Norfolk Daily NewsNorfolk, NE
Article Text
New Receiver for National
Harald Nomland, new receiver the Norfolk National bank, arrived here late Wednesday and assumed new duties Thursday morning. Mr. Nomland succeeds the Frank Burchmore, who died suddenly short time ago, He will receiver for the First National bank of Tilden, the First National Crofton and the First National Hartington. experienced bank receivcoming here from Kearney where held that position for the City National bank. Prior to his service there Mr. Nomland bank receiver at Stockton and Phillipsburg, Kan. He married and has daughter years old. The family will move here once.
8.September 8, 1932The Tilden CitizenTilden, NE
Article Text
BURCHMORE SUDDENLY AT NORFOLK
Frank B. Burchmore, 59, federal bank receiver, died suddenly at the home of his sister, Mrs. Ross Allen, Norfolk Saturday night. He passed away few minutes after talking over the phone with his wife in Omaha. Funeral services were held in OmaTuesday afternoon in charge Right Angle Lodge No. 303, and Arthur Jones, Christian Science reader. Mr. Burchmore was receiver for the First National bank of Tilden, the Norfolk National bank and banks Hartington and Crofton. Previous to his appointment as receiver in November, 1931, he engaged in the real tate and insurance business in Omaha. Mr. Burchmore is by his and one daughter, Mrs. Hardin Sweeney of Omaha.
9.September 10, 1932The Omaha Morning Bee-NewsOmaha, NE
Article Text
TRANSFER BANK RECEIVER
KEARNEY. Sept. Nomland, receiver of the City National bank of Kearney, has been transferred to Norfolk, where he will be in charge of the Norfolk National bank and the First National banks at Hartington, Tilden and Crofton. Affairs of the City National are in the final stages of liquidation, and the final dividend, probably 2.8 per cent and amounting to approximately $50,000, probably will be ready in October. With the payment of this final dividend, the creditors will have received trifle 50 per cent of the total approved claims of $1,682,000.
10.August 3, 1933The Tilden CitizenTilden, NE
Article Text
Forrest Lear Is Named National Bank Receiver
Forrest Lear of Norfolk, present in bankruptcy for the Norfolk has been named receiver for the Norfolk National bank, also First National bank of Tilden and First tional bank of Crofton, succeeding Harold Nomland, who was appointed receiver following the death of Burchmore. understood that Mr. Lear will continue for the present as referee bankruptcy although he assumed the position receiver at the close of business Wednesday. John Wehr, clerk and field who has been manager, charge of the bank here will tinue his position is announced.
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.