gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
47fa955c5ee2d171
Response Measures
None
Description
Articles identify the bank as insolvent and in the hands of a receiver; sale of assets reported.
Events (2)
1.March 13, 1931Receivership
Newspaper Excerpt
The land was in the hands of Fred Ibsen, receiver of the State Bank of Plentywood, and the consideration was $1,500.
Source
newspapers
2.March 13, 1931Suspension
Cause
Government Action
Cause Details
Bank declared insolvent and placed in receivership (receiver Fred Ibsen), leading to suspension of operations
Newspaper Excerpt
The land was in the hands of Fred Ibsen, receiver of the State Bank of Plentywood
Source
newspapers
Newspaper Articles (5)
1.March 13, 1931The Producers NewsPlentywood, MT
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Article Text
PLENTYWOOD BUYS AIRPORT GROUNDS Plentywood has purchased 90 acres of land south of the track and east of and adjoining the city, a part of the old Goodman farm, for an airport. The land was in the hands of Fred Ibsen, receiver of the State Bank of Plentywood, and the consideration was $1,500. Work will be commenced as soon as practicable to put the port in shape with a beacon light at each end. Plentywood now has an airport area adequate for the needs of a town ten times its size for years to come. The deal has been in the air for some time, and the offer of the land was finally accepted at the Monday evening meeting of the city council.
GEORGE F. KNAPP and EMMA
KNAPP, his wife; STATE BANK
....OF PLENTYWOOD, an insolvent
banking corporation, and FRED
IBSEN, Receiver thereof! and
HARRY BRIGHTSMAN,
Defendants.
GEORGE F. KNAPP and EMMA KNAPP, his wife; STATE BANK ....OF PLENTYWOOD, an insolvent banking corporation, and FRED IBSEN, Receiver thereof! and HARRY BRIGHTSMAN, Defendants.
GEORGE F. KNAPP and EMMA KNAPP, his wife; STATE BANK OF PLENTYWOOD, an insolvent banking corporation, and FRED IBSEN, Receiver thereof! and HARRY BRIGHTSMAN, Defendants.
GEORGE F. KNAPP and EMMA KNAPP, his wife; STATE BANK OF PLENTYWOOD, an insolvent banking corporation, and FRED IBSEN, Receiver thereof! and HARRY BRIGHTSMAN, Defendants.
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.
