gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
245c6311b24a63ce
Response Measures
None
Receivership Details
Depositor recovery rate
89.3%
Date receivership started
1926-06-02
OCC cause of failure
Economic conditions
Share of assets assessed as good
33.7%
Share of assets assessed as doubtful
41.9%
Share of assets assessed as worthless
24.4%
Description
Used newspaper dated June 3, 1926 and known receivership date (1926-06-02) to time the closure/receivership.
Events (6)
1.September 29, 1908Chartered
Source
historical_nic
2.June 2, 1926Receivership
Source
historical_nic
3.June 2, 1926Receivership
Newspaper Excerpt
the doors were closed and the examiner placed charge of the bank until receiver appointed and takes charge.
Source
newspapers
4.June 2, 1926Suspension
Cause
Government Action
Cause Details
Examiner placed in charge and doors closed pending appointment of receiver by federal authorities (comptroller).
Newspaper Excerpt
Failed Open Doors Wednesday Morning After Examiner Made Report Directors.
Source
newspapers
5.February 3, 1927Other
Newspaper Excerpt
McRoberts, receiver of the closed Citizens National bank Wayne, spoke to Kiwanians ... explained about the appointment of national bank receivers and their duties.
Source
newspapers
6.April 5, 1928Other
Newspaper Excerpt
third dividend of 10 per cent. available to creditors ... This will bring the total payment of dividends to eighty percent.
Source
newspapers
Newspaper Articles (10)
1.June 3, 1926Wayne NewsWayne, NE
Click image to open full size in new tab
Article Text
CITIZENS TO RECEIVER
Failed Open Doors Wednesday Morning After Examiner Made Report Directors.
Late Tuesday afternoon became known to people that all well with the Citizens National Bank of this that the directors had sent to have an examiner come few days before that they might feel satisfied to their standing official uninvited. As the his class paper held assets, two alternatives appeared solution. One sufficient stock to make good the frozen assets, estimated require the sale of about $75,000 worth stock, with which reorganization could be made to take over the assets and Habilities of present bank and continue business. other the appointment of receiver. hurried canvas of the situation made seem that the first course could not be followed, and the doors were closed and the examiner placed charge of the bank until receiver appointed and takes charge. The Democrat has learned well possible the condition of the bank, and compared with most bank failures not counted wholly hopeless case for they cannot expect full return of their deposits, the percentage depending upon what may be secured on the frozen assets, cost of securing what may be had. One in position to know, that there has not been uncovered crooked dishonest work that plicates the present officers or tors but that some loans had not to be the best. Hopeful attitude expressed that depositors might time receive substantial dividend. To be sure, there are others who contend that there may have been things not strictly good form. but nothing that was any manner implicating the bank.
2.February 3, 1927The Wayne HeraldWayne, NE
Click image to open full size in new tab
Article Text
To Kiwanis
McRoberts Urges of Golden Rule All Dealings.
Explains His Work
Tells of Manner Which National Bank Are Conducted.
McRoberts, receiver of the closed Citizens National bank Wayne, spoke to Kiwanians Monday following noonday luncheon, on the subject of Golden Rule in He explained about the appointment of national bank receivers and their duties. Nothing will solve difficulties between between tions, asserted Mr. application of the golden Mr. McRoberts receiver for banks in Pilger, Schuyler and Carroll, besides here. has just been appointed to take charge bank at Knoxville, also. Receivers by the comptroller of the currency and they are because of manifested ability and efficiency. In past held his years position by political favor. Merit choice. Mr. McRoberts also explained that one man can handle several banks when they close enough are together. This increases the dividends to be given depositors. The men in charge of the bank liquidate all the paper possible to the time take to finish any bank's business thus varies the receivers try pay depositors as nearly in full possible. Attorney's fees in national bank cases now fixed. This reduces expense. McRoberts ciation the cordial and Mrs. McRoberts given in Wayne.
3.April 5, 1928The Wayne HeraldWayne, NE
Click image to open full size in new tab
Article Text
Depositors Dividend
Third Payment Creditors Citizens National Bank Now Ready,
Eighty
Interest Collected Practically Entire Cost
George Cronkleton, receivof National bank of Nebraska, wishes announce that third dividend ten percent available to all of the CitiNational bank of Wayne, This will bring the total payment of dividends to eighty percent. The method of payment of dividends varied from forpayments, and each person requested bring along order that the payment may endorsed thereon before the dividend check can delivered. order that the creditors this bank may know something regarding the Herald informed that the cost of collection has only been three and six-tenths percent the tire amount collected. Interest collected since the bank has pended business has practically paid all the costs of receivership lacking $600. The total amount collected to date has been and the $208,532.27 and the that allowed liquidate the remaining assets in an ordermanner, there is doubt what will be able collect substantial sum from these maining assets. Ruzicka who has been connected with the since the bank passed into the hands of comptroller June 1926, states that much credit due the banks Wayne banks adjacent for their cooperation help. The Herald informed that the receivership will be closthe shortest time possible and every effort made wind up the affairs in speedy manner. necessarily takes great deal of time wind the ceivership for the that the debtors are unable pay full and out that benefit to the trust. Some of the require deal time effort bring about results. There also three other receiverships handled out of the Wayne bank.
4.April 12, 1928The Lyons Mirror-SunLyons, NE
Click image to open full size in new tab
Article Text
CLOSED WAYNE BANK TO PAY THIRD DIVIDEND Neb., George G. Cronkleton, receiver of the Citizens National bank. Wayne, announces that third dividend of 10 per cent. available to creditors. This payment will bring the total payment of dividends to 80 per cent. cost of collections has been only on the entire Interest the bank has suspended business has practically paid all the costs lacking ap$600. The total amount collected is and the assets amount $208,532.27
SPILLMAN TO MAKE USE OF THE RADIO Lincoln. Neb., torney General Spillman, republican candidate for United States senator, announced here today that he will go on the air for the balance of his campaign. The following itinerary was given station KFNF. Shenandoah. Ia., at noon. Friday night he will speak mass meeting in Grand Island. Saturday Station at noon. Monday, April station KFAB. Lincoln. 6:30 m., station WOW. Omaha,
RECEIVES PAY FOR
HER STOLEN CHICKEN
(Special) check for has been celved by Mrs. Charles Duncan for chickens stolen while the family from home. She put was away the case in the hands of Sheriff Smith who found that the chickens had been sold in Platte Center and Creston. The thieves were apprehended. arrested and confined in Columbus. The money collected from them and sent Mrs. Duncan.
5.April 12, 1928The FrontierO'Neill, NE
Click image to open full size in new tab
Article Text
CLOSED WAYNE BANK TO PAY THIRD DIVIDEND Wayne. Neb., (Special)George Cronkleton. receiver the Citizens National bank, Wayne. that third dividend of 10 per cent. available to This will bring the total payment of dividends to cent. The cost of collections has been only per on the entire amount collected. Interest collected the bank has suspended business has practically paid all the costs of lacking approximately $600. The total amount collected to date is the remaining assets amount to
TO MAKE USE OF THE RADIO Lincoln, Neb., tornev General Spillman, publican candidate for United States senator, announced here tedav that he will RO on the air the balance of his campaign. following itinerary was given Fridav, April station KFNF Rhenandosh. at noon. Friday night he speak mass meetin Grand Saturday April Station WJAZ. at noon. Monday, Anril station KFAB station WOW. Omaha,
RECEIVES PAY FOR
HER STOLEN CHICKEN
Madison. Neb. (Special) check for $34.57 has been celved by Mrs. Charles Duncan for chickens stolen while family away from home. She put the hands of Sheriff case Smith who found that the chickens been in Platte Center and The thieves were apprehended. arrested confined The money from them and sent Duncan.
6.April 12, 1928The Oakdale SentinelOakdale, NE
Click image to open full size in new tab
Article Text
CLOSED WAYNE BANK TO PAY THIRD DIVIDEND Neb., George receiver the Citizens National bank. Wayne, announces that third dividend of 10 per cent. available to creditors. This payment will bring the total payment of dividends to per cent. The cost of collections has been only per cent. the entire amount collected Interest collected since the bank has business has practically paid all the costs of lacking approximately $600. The total amount collected to date is and the remaining assets amount to $208,532.27.
SPILLMAN TO MAKE USE OF THE RADIO torney General Spillman. publican candidate for United States senator, announced here today that he will on the air for the balance of his The following itinerary was given out: station KFNF Shenandoah at Friday night he will speak mass meeting in Grand Saturday April Station WJAZ. at Monday April station KFAB Lincoln. at 6:30 station m., WOW, Omaha,
RECEIVES PAY FOR
HER STOLEN CHICKENS
Neb. (Special) check for $34.57 has been ceived by Mrs. Charles Duncan for chickens stolen while the family was away from home. She put the case the hands of Sheriff Smith who found that the chickens had been sold Platte Center and Creston. The thieves were apprehended. arrested and confined fall at Columbus The money was collected from them and sent Duncan.
7.April 12, 1928Dixon County AdvocatePonca, NE
Click image to open full size in new tab
Article Text
CLOSED WAYNE BANK TO PAY THIRD DIVIDEND Wayne. Neb., (Special)George Cronkleton, receiver the Citizens National, bank, Wayne. announces that third dividend of 10 per cent. is available to creditors This payment will bring the total payment of dividends to per cent. The cost of collections has been 3.6 per cent. on the entire amount collected Interest collected since the bank has suspended businews has practically paid all the costs receivership, lacking approximately $600. The total amount collected to date and remaining amount to $208,532.27.
8.April 12, 1928Winside TribuneWinside, NE
Click image to open full size in new tab
Article Text
CLOSED WAYNE BANK TO PAY THIRD DIVIDEND Wayne. Neb., (Special)George G. Cronkleton. receiver of the Citizens National bank. Wayne. announces that third dividend of 10 per cent. available to creditors. This payment will bring the total payment of dividends to per cent. The cost of collections has been only 3.6 per cent. on the entire amount collected. Interest collected since the bank has suspended business has practically paid all the costs of lacking ap$600. The total collected to date is and the assets amount to
SPILLMAN TO MAKE USE OF THE RADIO Lincoln. torney General Spillman. republican candidate for United States here today that will on the air the of his campaign. The following itinerary was given out: station KFNF. at noon. Friday he will mass meeting in Grand Island. Saturday April Station WJAZ. Norfolk. at noon. Monday. April station KFAB. Lincoln. 6:30 m., station WOW, Omaha,
RECEIVES PAY FOR
HER STOLEN CHICKENS
Madison. Neb. (Special) check for $34.57 has been celved by Mrs. Charles Duncan for chickens stolen while the family was away from home. She put the case in the hands of Sheriff Smith who found that the chickens been sold in Platte Center and Creston. The thieves were apprehended. arrested and confined in Columbus. The money was collected from them and sent to Mrs.
9.April 13, 1928The South Sioux City MailSouth Sioux City, NE
Click image to open full size in new tab
Article Text
CLOSED WAYNE BANK TO PAY THIRD DIVIDEND Neb., (Special)George Cronkleton. receiver of the Citizens National bank of Wayne. that third dend of 10 per cent. available to creditors This will bring the total payment of dividends to cent. The cost of collections has been only 3.6 per cent. on the entire amount collected Interest collected since the bank has suspended business has practically paid all the costs of receivership. lacking approximately $600. The total amount collected to date and remaining assets amount to
10.August 4, 1932Rock County LeaderBassett, NE
Article Text
1,200 CATTLE NOW UNDER QUARANTINE IN NEBRASKA
Lincoln, Neb.—(Special)—Nearly 1,200 head of cattle are now under state quarantine in northern Nebraska counties. Boyd with 694 leads the list, while Knox ranks second. Quarantines on four more farms, all of them in the neighborhood of Spencer, were announced Saturday.
OAKLAND SCHOOL BOARD REDUCES 1933 BUDGET
Oakland, Neb.—(Special)—The Oakland school board has cut the expenses of the schools for the coming year about 11½ per cent. School will begin September 5 and continue until December 23 or 16 weeks; after the holidays school will begin January 5 and continue until May 26.
WAYNE COUNTY TREASURER APPEALS ON JUDGMENT
Lincoln, Neb.—(Special)—J. J. Steele, treasurer of Wayne county, appealed Saturday to the supreme court from a judgment for $3,75 rendered in district court in favor of the Massachusetts Bonding and Insurance company. The latter was surety for deposits of the county in the Citizens National bank and the sum named represents the difference between the amount received in dividends from the bank receiver and what it had to pay the county as the sum on deposit in excess of the legal limit when the bank failed. Steele says that the excess deposit was permitted by a resolution of the county board, as there was more county money on hand than the banks of the county could legally accept, and hence the bonding company was under no legal compulsion to pay.
ROUTE FIXING FOR STATE ROAD ANNOUNCED
Wynot, Neb.—(Special)—After much delay in fixing the route of the state road leading from the St. James Catholic church south under the railroad track, it has been decided to go under the tracks by the old route without any effort to straighten the road and improve visibility.
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.
