gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
69baab92f32f8f3f
Response Measures
None
Receivership Details
Depositor recovery rate
93.4%
Date receivership started
1932-02-18
Date receivership terminated
1935-10-11
Share of assets assessed as good
52.2%
Share of assets assessed as doubtful
30.2%
Share of assets assessed as worthless
17.6%
Description
Articles report a receiver and dividend payments, indicating the bank failed and is in liquidation.
Events (3)
1.September 25, 1903Chartered
Source
historical_nic
2.February 18, 1932Receivership
Source
historical_nic
3.December 22, 1933Receivership
Newspaper Excerpt
Best, receiver of Burnet National Bank, this week notified depositors additional 15 per cent dividend which makes total per cent that has been declared.
Oklahoma Banks Close for Week.
Oklahoma City, Okla., Oct. 28.-Acting Governor Filson today issued a proclamation closing the banks of the territory for one week, on demand of the bankers. This action was taken because the banks at Kansas City and St. Louis refused to forward cash to the banks of the southwest.
Concerted Action Taken.
It is said that a consultation of the bankers of Oklahoma, Indian territory, Arkansas and northern Texas by means of the telephone took place during the early hours today, and all have taken similar action. The closing is for the purpose of protecting the banks in case of a run.
TWO BANK RECEIVERS ANNOUNCE DIVIDENDS
Dec. Thrall Holding Company. which is liquidating the Farmers State Bank of Thrall. made another payment this week of 30 per cent, which per paid. Stiles, W. Cain, Arnold Krieg and Krieg were committee to look after the failed bank.
BURNET. Dec. A. Best, the Burnet National Bank, this week notified depositors additional 15 per dividend which total 60 per cent that has been declared.
TWO BANK RECEIVERS ANNOUNCE DIVIDENDS
THRALL, Dec. Holding Company, which is the Farmers State Bank made another payment this week 30 cent, which makes 50 per E. Stiles, Cain. Arnold Krieg and committee to the failed bank.
BURNET: Dec. of the Burnet National this week depositors additional 15 per makes total of per cent that been declared.
TWO BANK RECEIVERS ANNOUNCE DIVIDENDS
Dec. Thrall is the State Bank Thrall. made another this week 30 per 50 per Fuchs, Cain, Arnold Krieg Krieg committee to look after the failed bank.
BURNET. Dec. Best, receiver of Burnet National Bank, this week notified depositors additional 15 cent dividend which per total per cent that has makes been declared.
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.
