gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
400a03f0915a0466
Response Measures
None
Description
Articles state the bank's assets are to be turned over to the state guaranty fund commission, indicating a receivership/closure.
Events (1)
1.July 29, 1923Receivership
Newspaper Excerpt
The assets of the Farmers Bank of Page later. Bank examiners and Knudson himself are out over the state every day making arrangements for turning over the receiverships.
Source
newspapers
Newspaper Articles (2)
1.July 30, 1923The Omaha Morning BeeOmaha, NE
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Article Text
State to Transfer 60 Bank Receiverships Lincoln, July 29.-Between 50 and 60 bank receiverships will be dissolved and turned over to the new state guaranty fund commission within the next week or so, it was announced by K. C. Knudson, head of the state bank ing department. This is in accord with the new banking law which provided for the transfer within four months after the act took effect. It was approved on April. August 7 is therefore the last day for the transfers. The assets of the Farmers State bank of Hadar will be sold at public auction next Monday, Knudson announced, and the assets of the Farm. ers bank of Page later. Bank examiners and Knudson himself are out over the state every day making arrangements for turning over the receiverships.
2.August 2, 1923Chappell RegisterChappell, NE
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Article Text
STATE TO TRANSFER 60 BANK RECEIVERSHIPS
Lincoln, July 29—Between 50 and 60 bank receiverships will be dissolved and turned over to the new state guaranty fund commission within the next week or so, it was announced by K. C. Knudson, head of the state banking department.
This is in accord with the new banking law which provided for the transfer within four months after the act took effect. It was approved on April 7. August 7 is therefore the last day for the transfers.
The assets of the Farmers State bank of Hadar will be sold at public auction next Monday, Knudson announced, and the assets of the Farmers Bank of Page later.
Bank examiners and Knudson himself are out over the state every day making arrangements for turning over the receiverships.—Omaha Bee.
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.
