gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
9a5248a0b7427a8b
Response Measures
None
Receivership Details
Depositor recovery rate
100.0%
Date receivership started
1924-10-06
Date receivership terminated
1927-02-01
OCC cause of failure
Fraud
Share of assets assessed as good
58.9%
Share of assets assessed as doubtful
17.4%
Share of assets assessed as worthless
23.7%
Description
Article is a short, OCR-corrupted snippet stating the bank's receiver was found dead; additional articles could confirm timing and preceding suspension.
Events (3)
1.September 5, 1919Chartered
Source
historical_nic
2.October 6, 1924Receivership
Source
historical_nic
3.April 9, 1926Receivership
Newspaper Excerpt
receiver for First National Bank Groom, near found through heart verdict
BANK RECEIVER FOUND DEAD federal bank exainer of Marion, Ohio, and receiver for First National Bank Groom, near found through heart verdict
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.