gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
8931ed83eba63fd1
Response Measures
None
Events (3)
1.March 13, 1922Receivership
Newspaper Excerpt
As receiver, C. E. Munn is contesting the claims of Zwick.
Source
newspapers
2.March 13, 1922Suspension
Cause
Government Action
Cause Details
Bank treated as failed and placed in receivership; receiver contesting state claims to assets.
Newspaper Excerpt
It is likely the old Gresham mills will be operated by the state in order to help swell the assets of failed banks here. ... As receiver, C. E. Munn is contesting the claims of Zwick.
Source
newspapers
3.October 24, 1922Other
Newspaper Excerpt
The United States government ... brought suit against the state of Oklahoma to recover $42,000 of Indian funds which was on deposit in the defunct Oklahoma State bank of Guthrie.
Source
newspapers
Newspaper Articles (2)
1.March 13, 1922The Guthrie Daily LeaderGuthrie, OK
Click image to open full size in new tab
Article Text
It is likely the old Gresham mills will be operated by the state in order to help swell the assets of failed banks here. The mill was mortgaged to secure a note given to the Oklahoma State bank. Judge Zwick. assistant attorney general, contends that record of a mortgage assignment in the case was not necessary to be made within a specified period of four months. If he is sustained by the United States court the state will own the mill. As receiver, C. E. Munn is contesting the claims of Zwick.
2.October 24, 1922The Morning Tulsa Daily WorldTulsa, OK
Click image to open full size in new tab
Article Text
OKLAHOMA SUED BY U. S. Government Claims Prior Claim to $42,000 In Failed Banks. Special to The World. WASHINGTON, Oct. 23. The United States government through Attorney - General Daugherty and Solicitor - General Beck today brought suit against the state of Oklahoma to recover $42,000 of Indian funds belonging to the five civilized tribes which was on deposit in the defunct Oklahoma State bank of Guthrie. The court after allowing the filing of the suit announced it would be returnable January 2, and in the suit today the government alleged that more than $42.000 has been recovered by the receiver of the bank and the government claims that its claim should be settled before any money is paid to other depositors or creditors of the defunct bank. Daugherty quotes the laws of the United States applying to the depositing of such federal funds and asserts that the federal government has priority over the "assumed rights of the state."
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.
