gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
c731a6d82330838e
Response Measures
None
Description
Receiver appointed by district court; new charter granted later to buy good assets from receiver.
Events (3)
1.February 15, 1922Suspension
Cause Details
Article states the bank failed on Feb. 15 but gives no specific cause.
Newspaper Excerpt
The Homer State bank failed February 15.
Source
newspapers
2.February 17, 1922Receivership
Newspaper Excerpt
the district court had appointed Ray Swanson receiver for the failed Homer State bank.
Source
newspapers
3.May 19, 1922Other
Newspaper Excerpt
granted a charter to the Home State bank of Homer ... has agreed to purchase from the receiver of the failed Homer State bank all good notes in his possession.
Source
newspapers
Newspaper Articles (2)
1.February 18, 1922Omaha Daily BeeOmaha, NE
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Article Text
Son of Land Commissioner Named Receiver of Bank Lincoln, Feb. 17.-(Special.)- J. E. Hart, secretary department trade and commerce, announced today that the district court had appointed Ray Swanson receiver for the failed Homer State bank. Swanson is the son of Dan Swanson, state land commissioner.
2.May 20, 1922Omaha Daily BeeOmaha, NE
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Article Text
State Bank Charter Is Granted to Homer Men Lincoln, May 19.- (Special Telegram.)-J. E. Hart, secretary of trade and commerce, today granted a charter to the Home State bank of Homer. The new bank will start business with a capital stock of $25.000 and has agreed to purchase from the receiver of the failed Homer State bank all good notes in his possession. The Homer State bank failed February 15. The men granted the charter are L. E. Cozad, B. B. Baker and H. C. Hansen.
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.