gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
101c207e1b713996
Response Measures
None
Receivership Details
Depositor recovery rate
63.5%
Date receivership started
1892-02-29
Date receivership terminated
1905-09-30
OCC cause of failure
Fraud
Share of assets assessed as good
41.0%
Share of assets assessed as doubtful
55.8%
Share of assets assessed as worthless
3.3%
Events (8)
1.September 4, 1886Chartered
Source
historical_nic
2.February 4, 1892Suspension
Cause
Government Action
Cause Details
Closed under orders of the Comptroller of the Currency (Comptroller Lacy/Lasey).
Newspaper Excerpt
Under orders from Comptroller of Currency Lacy the doors of the First National bank of Silver City ... have been closed.
Source
newspapers
3.February 29, 1892Receivership
Source
historical_nic
4.March 1, 1892Receivership
Newspaper Excerpt
The controller of currency appointed A. C. M. Smith ... receiver of the First National bank at Deming and the First National bank at Silver City, both in New Mexico.
Source
newspapers
5.November 22, 1892Other
Newspaper Excerpt
The receiver of the First National Bank of this city has a number of cases in court which were brought on overdue notes held by the bank.
Source
newspapers
6.December 13, 1892Other
Newspaper Excerpt
The receiver of the First National Bank of this city has given up the room which has been occupied by him and all persons who have papers in the vault should call and get them at once.
Source
newspapers
7.September 9, 1893Other
Newspaper Excerpt
All of the real estate and personal property of the First National Banks of Silver City and Deming. Apply to E. L. FOSTER, Receiver, Deming, N. M.
Source
newspapers
8.December 18, 1896Other
Newspaper Excerpt
The assets of the First national bank of Silver City, which closed some years ago and its affairs have been wound up by a receiver, were sold by Receiver Foster, at the court house at public auction.
Source
newspapers
Newspaper Articles (20)
1.February 4, 1892San Antonio Daily LightSan Antonio, TX
Click image to open full size in new tab
Article Text
Like Our Sam. DEMING, N. N., Feb. 4.-Under orders from Comptroller of Currency Lacy the doors of the First National bank of Silver City and the First National bank of Deming have been closed. Capital stock of former $60,000; latter $100,000. The two institutions are under the control of the same president, C. H. Dane, of this place, and the stockholders are largely identical. The suspension caused great excitement. So strong was the sentiment that the bank would pay all creditors in full that at a mass meeting held in the opera house a few moments after the suspension became known, resolutions of confidence were adopted.
2.February 4, 1892Evening Capital JournalSalem, OR
Click image to open full size in new tab
Article Text
NATIONAL BANK SUSPENDS. DEMING, N. M., Feb. 4.-Under orders from the comptroller currency, the First National bank of Silver City, and the First National bank of this city, both under, practically the same management, are closed. The suspension was unexpected, and caused much excitement. The cause of the failure is unknown. A strong feeling of confidence among business men exists, that the bank here will pay all credItors in full.
3.February 4, 1892The Olympia TribuneOlympia, WA
Click image to open full size in new tab
Article Text
Two Banks Closed. DEMING, N. M., Feb. 4.-Under orders from the comptroller of the currency, the First National bank of Silver City and the First National bank of this city, both under practically the same management, were closed. The suspension was unexpected and caused much excitement, The cause of the failure is unknown. A strong feeling of confidence among business men exists that the bank here will pay all creditors in full. The assets are unknown and officials decline to make any statement. The capital stock of the Deming bank is $100,000, and of the Silver City bank, $50,000.
4.February 5, 1892Richmond DispatchRichmond, VA
Click image to open full size in new tab
Article Text
THE JUDGE RECOVERS HIS MIND. Later. The reports from Glasgow today say that Judge Bitter has recovered his mind, and that he can show that the money he obtained from the bank was in due form a loan and not misuse of the bank's money. TWO NEW MEXICAN BANKS CLOSED. Their Failure Unexpected and the Cause or Much Excitement. (By telegraph to the Dispatch.) DEMINO, N. M., February 4.-Under or. dera from Comptroller of the Currency Lasey, National Bank Examiner Lazara has closed the doors of the First National Bank of Bilver City, and the First National Bank of Deming. The two institutions are under H. the control of the same president, C. Dane. of this city, and the stockholders are largely identical. The suspension was
5.February 5, 1892The Waco Evening NewsWaco, TX
Click image to open full size in new tab
Article Text
Banks Closed. DEMING, N. M., Feb. 5.-Under order from Comptroller of the Currency Lacy the doors of the First National bank of Silver City and the First National bank of Deming have been closed. The capital stock of the former is $60,000, the latter $100,000. The two institutions are under the control of the same president, C. H. Dane of this place and the stockholders are largely identical. The suspension caused great excitement. So strong was the sentiment that the bank would pay all the creditors in full that at a massmeeting held in the opera house a few moments after the suspension became known, resolutions were adopted expressing entire confidence in the solvency of the institution, and stating if the present management continued all claims will be settled. The cause of the failure is unknown, also the liabilities.
6.February 5, 1892Los Angeles HeraldLos Angeles, CA
Click image to open full size in new tab
Article Text
New Mexico Banks Closed. DEMING, N. M., Feb. 4.-Under orders from the comptroller of the currency, the First National bank of Silver City, and the First National bank of this city, both under practically the same management, were closed. The suspension was unexpected and caused much excitement. The cause of the failure is unknown. A strong feeling of confidence among business men exists that the bank will pay all creditors in full. Its assets are unknown, and the officials decline to make any statement. The capital stock of the Deming bank is $100,000, and of the Silver City bank $50,000.
7.February 5, 1892The Morning CallSan Francisco, CA
Click image to open full size in new tab
Article Text
Banks Closed. DEMING (N. Mex.), Feb. 4.-Under orders from the Comptroller of the Currency, the First National Bank of Silver City and the First National Bank of this city, both under practically the same management, have been closed. The suspension was unexpeeted, and caused much excitement. The cause of the failure is unknown. A strong feeling of confidence among business men exists that the bank here will pay all the creditors in fuil. The assets are unknown, and the officials decline to make any state-
8.February 5, 1892The Helena IndependentHelena, MT
Click image to open full size in new tab
Article Text
Two Banks Under One Managemen t. DEMING, N. M., Feb. 4.-Under ord ers from the comptroller of the currency, the First National bank, of Silver City, and the First National bank, of this city, both under practically the same management, have been closed. The suspension was unexpected and caused much excitement. The cause of the failure is unknown. A strong feeling of confidence among business men exists that the bank here will pay all its creditors in full. The assets are unknown and the officials decline to make any statement. The capital stock of the Deming bank is $100,000, and of the Silver City bank $50,000.
9.February 5, 1892The Salt Lake HeraldSalt Lake City, UT
Click image to open full size in new tab
Article Text
Two New Mexican Banks Closed. DEMING, N. M., Feb. 4.-Under orders from the comptroller of the currency the First National bank of Silver City, and the First National bank of this city, both under practically the same luanagement, have been closed. The suspension was unexpected and caused much excitement. The cause of the failure is unknown. A strong feeling of confidence among business men exists that the bank here will pay all creditors in full. The assets are unknown and the officials decline to make any statement. The capital stock of the Deming bank is $100,000, and of the Silver City $50,000.
10.February 18, 1892Lewiston TellerLewiston, ID
Click image to open full size in new tab
Article Text
FRAIL INSTITUTIONS. Two National Banks of New Mexico Closed by the Comptroller. DEMING, N. M., Feb. 4.-Under orders from the comptroller of currency the First National bank of Silver City and the First National bank of this city, both under practically the same management, have closed. The suspension was unexpected and has caused much excitement. The cause of the failure is unknown. A strong feeling of confidence among the business men exists that the bank here will pay all creditors in full.
11.March 2, 1892Fort Worth GazetteFort Worth, TX
Click image to open full size in new tab
Article Text
Bank Receiver. The comptroller of the currency has appointed A. C. M. Smith, McIndoes Falls, Vt., receiver of the First national bank of Deming and First national bank of Silver City, both in New Mexico.
RECEIVER OF TWO BANKS. WASHINGTON, March 1.-The controller of currency appointed A. C. M. Smith, McIndoe+ Falls, Vt., receiver of the First National bank at Deming and the First National bank at Silver City, both in New Mexico.
13.November 22, 1892Southwest-SentinelSilver City, NM
Click image to open full size in new tab
Article Text
The receiver of the First National Bank of this city has a number of cases in court which were brought on overdue notes held by the bank.
14.December 13, 1892Southwest-SentinelSilver City, NM
Click image to open full size in new tab
Article Text
The receiver of the First National Bank of this city has given up the room which has been occupied by him and all persons who have papers in the vault should call and get them at once.
15.September 9, 1893Deming HeadlightDeming, NM
Click image to open full size in new tab
Article Text
For Sale. All of the real estate and personal property of the First National Banks of Silver City and Deming. Apply to E. L. FOSTER, Receiver, Deming, N. M. Fine chinsware and glass ware at J. A. Mahoney's.
16.September 16, 1893Deming HeadlightDeming, NM
Click image to open full size in new tab
Article Text
For Sale. All of the real estate and personal property of the First National Banks of Silver City and Deming. Apply to E. L. FOSTER, Receiver. Deming, N. M. Fine chinaware and glass ware at J. A. Mahoney's.
17.May 29, 1896Western LiberalLordsburg, NM
Click image to open full size in new tab
Article Text
THE Sentinel has suspended owing to the attempt of the receiver of the defunct First national bank of Silver City to realize on an asset.
In the case of E. L. Foster, receiver of the First national bank at Deming and Silver City, against the Vermejo company, Moses E. Dane and others, W. E. Gortner has been appointed examiner to take testimony.
The assets of the First national bank of Silver City, which closed some years ago and its affairs have been wound up by a receiver, were sold by Receiver Foster, at the court house at public auction.
20.December 18, 1896Western LiberalLordsburg, NM
Click image to open full size in new tab
Article Text
Receiver Foster auctioned off the reputed assets of the defunct First national bank of Silver City last week. There are hopes that the receiver will pay another dividend and be out of is job early in the glad new year.
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.
