gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
b8cad5065a488a82
Response Measures
None
Receivership Details
Depositor recovery rate
94.2%
Date receivership started
1924-02-20
Date receivership terminated
1928-10-31
OCC cause of failure
Economic conditions
Share of assets assessed as good
33.2%
Share of assets assessed as doubtful
63.8%
Share of assets assessed as worthless
3.1%
Description
Articles state the Charlo bank had closed ~1.5 years earlier and a new receiver was just appointed.
Events (5)
1.April 12, 1918Chartered
Source
historical_nic
2.February 20, 1924Receivership
Source
historical_nic
3.May 1, 1924*Suspension
Cause Details
Bank closed ~1.5 years before Nov 1925; precise cause not given
Newspaper Excerpt
has been receiver of the First National bank of Polson since it closed a year and half ago
Source
newspapers
4.November 3, 1925Other
Newspaper Excerpt
New Bank Receiver. The receivership of the First National bank in Polson has been taken by M. Swan of Ronan since the resignation of R. Riddick ... Mr. Swan is also receiver of the defunct First National banks at Ronan and Charlo and will handle the affairs of all three banks. He will be assisted by C. D. Livingston.
Source
newspapers
5.November 19, 1925Receivership
Newspaper Excerpt
R. Riddick ... has resigned and has been succeeded by J. M. Swan, who is receiver of the First National banks at Ronan and Charlo. Mr. Swan will handle the affairs of all three banks and will be assisted by C. D. Livingston.
Treasure State News
COUNTY 1100 ACRES INDIAN LANDS AT
Sale at Dixon Agency Brings Higher Prices Than the Appraisals.
Polson. Nov. 2.-Special sale of Indian lands was held at the Dixon Indian Agency Monday under the supervision of E. Coe superintendent of the agency. Fourteen pieces of land were sold to the highest bidder. number of these tracts there several bidders and practically all of was sold at prices higher than the appraised value. The highest price paid for 88 acres in the Arlee district which sold for It was purchased by woman from Missoula. The fourteen pieces sold totalled 1,100 acres. Three tracts were in the Arlee district, five the Ronan district and six in the Polson district. All of the land is under irrigation. It is stated that much of this land has not been in cultivation for number of years and belonged to dead or incompetent Indians. was for the most part by reliable farmers whose land adjoined. Many see in the sale an upward tendency for better conditions in this locality as has been felt by white settlers that the vast tracts of land belonging to Indians which have not been cultivated for number of years and allowed to produce mustard and other weeds, were serious menace to the thrifty farmer across the road. The buyers for the 1,100 acres of land were. Hughes, Polson: A. at Geisert. Elmo: Mike Eeuli, Elmo: Mrs. Lee Butcher, Polson: D. Louise Wentworth. Polson; E. Clauffey, Polson; M. Doyle, St. Ignatius: E. Bjkrantz, St. Ignatius; Cora Martin, Missoula: Mable Martin, Missoula; Emil Maldurg. Ronan, James Axelson, Ravalli, and Elsie Shoemaker, Missoula.
Polson Couple Married.
Miss Anita Henningson and Pete Smith were united in marrage at the Presbysterian Manse Thursday evening. Rev. H. A. Brown preformed the ceremony. The young couple were tended by Mr. and Mrs. John Hughes. It was surprise their friends. Both were at work as usual on Friday.
Marriage Licenses Issued.
Marriage licenses were Issued this week fn the clerk of the court's office to Sapiell Michell of Ronan and Louise Tillpah of St. Ignatius: and to M. Thill of Charlo and Ilo Reibe of
New Bank Receiver.
The receivership of the First National bank in Polson has been taken by M. Swan of Ronan since the resignation of R. Riddick who has been the for the past year and half. Mr. Swan is also ceiver of the defunct First National banks at Ronan and Charlo and will handle the affairs of all three banks. He will be assisted by C. D. Livingston.
2.November 19, 1925Belt Valley TimesArmington, MT
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Article Text
Receiver for Three Banks Riddick, has been receiver the First National bank of Polson since closed and half ago, has resigned and has been Swan, who of the First National banks and Charlo. Mr. Swan will handle the fairs of all three banks and will assisted by Livingston.
Receiver for Three Banks
R. Riddick, has been receiver of the First National bank of Polson since closed year and half has resigned and has been succeeded by Swan, receiver of the First National banks and Charlo. Mr. Swan will handle the fairs all three banks and will be assisted by Livingston.
Receiver for Three Banks
R. Riddick, who has been receiver of the First National bank of Polson since closed year and half has resigned and has been succeeded by Swan, who receiver of the First National banks at and Charlo. Mr. Swan will handle the fairs of all three banks will be assisted by Livingston.
5.November 19, 1925Jefferson Valley NewsWhitehall, MT
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Article Text
Receiver for Three Banks of the First National bank of Polson since closed year and half ago, has resigned and has been succeeded Swan. who receiver of the First National banks and Charlo. Mr Swan will handle the affairs of three banks and assisted by Livingston.
6.November 19, 1925The Moore IndependentMoore, MT
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Article Text
Receiver for Three Banks
R. C. Riddick. who has been receiver of the First National bank of Polson since it closed a year and a half ago, has resigned and has been succeeded by J. M. Swan, who is receiver of the First National banks at Ronan and Charlo. Mr. Swan will handle the affairs of all three banks and will be assisted by C. D. Livingston.
Receiver for Three Banks who has been receiver the National bank Polson since closed year and half has resigned and has been succeeded by Swan, who receiver of the First National banks Ronan and Charlo. Mr. Swan will handle the fairs all three banks and will be assisted by Livingston.
8.November 20, 1925Plevna HeraldPlevna, MT
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Article Text
Receiver for Banks
Riddick, who has of the First National bank of Polson since closed year and half has and Swan, who receiver the First National banks Ronan and Charlo. Mr. Swan will handle the fairs of all three banks and will be assisted by Livingston.
9.November 27, 1925The Richey PilotRichey, MT
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Article Text
Receiver for Three Banks
R. C. Riddick, who has been receiver of the First National bank of Polson since it closed a year and a half ago, has resigned and has been succeeded by J. M. Swan, who is receiver of the First National banks at and Charlo. Mr. Swan will handle the affairs of all three banks and will be assisted by C. D. Livingston.
10.November 27, 1925The Powder River County ExaminerBroadus, MT
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Article Text
Receiver for Three Banks been National bank Polson since closed year and half has resigned and has been succeeded Swan. receiver First National banks and Charlo. Mr. Swan will handle fairs all three banks and will assisted Livingston.
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.
