gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
cdc97254e2b42043
Response Measures
None
Receivership Details
Depositor recovery rate
71.5%
Date receivership started
1926-02-08
Date receivership terminated
1928-08-31
OCC cause of failure
Economic conditions
Share of assets assessed as good
35.2%
Share of assets assessed as doubtful
45.9%
Share of assets assessed as worthless
18.9%
Events (4)
1.June 28, 1906Chartered
Source
historical_nic
2.February 2, 1926Suspension
Cause
Local Shock
Cause Details
Inability of farmers to meet loan payments (agricultural distress) forced suspension.
Newspaper Excerpt
OROVILLE BANK CLOSES DOORS ... inability of farmers to meet their notes to the bank forced it the wall.
Source
newspapers
3.February 8, 1926Receivership
Source
historical_nic
4.June 10, 1926Receivership
Newspaper Excerpt
Receiver Seeks to Make Ends Meet. ... suits ... in the insolvent First National Bank of Oroville ... Richardson, receiver.
Source
newspapers
Newspaper Articles (2)
1.February 2, 1926Spokane ChronicleSpokane, WA
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Article Text
OROVILLE BANK CLOSES DOORS ity to realize loans caused suspension of the First National bank here The institution in charge of Marshall Hooper. Seattle, national bank examiner. The bank is capitalized for $50,000 and deposits reported on the call of December 31, were in the agricultural inlast few are responsible for the suspension.' said President Covert "Total resources the institution are close to $200.000. but inability of farmers to meet their notes to the bank forced it the wall. We have not been able to determine If the bank will be able to reopen.
2.June 10, 1926The Spokane PressSpokane, WA
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Article Text
COLLECT BANK SHARES
Receiver Seeks to Make Ends Meet.
Two suits in law. to collect out standing stock shares in the insol vent First National Bank of Oro ville and another suit equity to prevent the collection of taxes on the personal property of the bank and sale property the sher iff. were filed in the office of Fed eral Clerk Harry Clark today Richardson. receiver. complaints assert that the bank founded upon capital stock that the 1000 shares summoned when the comptroller of currency adjudged the bank insolvent. Werley said to be the owner of share of the outstanding stock and Frank Bartell the owner of the remaining two shares. Judgment asked the basis $100 per share, plus per cent interest and costs the case.
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.
