gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
28f025c9866ad0de
Response Measures
None
Receivership Details
Depositor recovery rate
63.2%
Date receivership started
1931-12-30
Date receivership terminated
1936-11-16
Share of assets assessed as good
33.3%
Share of assets assessed as doubtful
60.4%
Share of assets assessed as worthless
6.4%
Description
OCR shows minor name variants (Middleport National / First National) but articles consistently refer to the bank's closure and receivership.
Events (5)
1.July 29, 1908Chartered
Source
historical_nic
2.December 17, 1931Receivership
Newspaper Excerpt
Since that time, Mr. Coppedge has been in charge of liquidation. Otis B. Coppedge, receiver for both banks, ... issued that statement ... mailed to depositors.
Source
newspapers
3.December 17, 1931Suspension
Cause Details
Article states the bank closed on Dec 17, 1931 but gives no specific trigger or cause for suspension.
Newspaper Excerpt
The First bank closed its dors on Dec 17. 1931
Source
newspapers
4.December 30, 1931Receivership
Source
historical_nic
5.August 13, 1932Other
Newspaper Excerpt
The First National Bank will pay its first dividend of 32 per to creditors, Attis B. Coppedge in charge of liquidation announced Saturday The dividend check and schedules been forwarded to the comptroller at Washington and the check be ready for as soon they are ... Depositors will be ... notified when the check arrives.
Source
newspapers
Newspaper Articles (7)
1.August 13, 1932The Buffalo NewsBuffalo, NY
Click image to open full size in new tab
Article Text
MIDDLEPORT BANK SOON TO FIRST DIVIDEND
Special MIDDLEPORT Aug. 13.-The First National Bank will pay its first dividend of 32 per to creditors, Attis B. Coppedge in charge of liquidation announced Saturday The dividend check and schedules been forwarded to the comptroller at Washington and the check be ready for as soon they are and to the Depositors will be when the check The First bank closed its dors on Since that time, Mr. Coppedge has been in charge of liquidation.
2.August 13, 1932The Buffalo NewsBuffalo, NY
Click image to open full size in new tab
Article Text
MIDDLEPORT BANK SOON TO PAY FIRST DIVIDEND the MIDDLEPORT Aug. First National Bank will pay its first dividend 32 per cent to creditors, B. Coppedge in charge of liquidation Saturday The check and schedules have forwarded the comptroller of at Washington and the check will be for delivery as they are and to the will be notified when the arrives. The First bank closed its dors on Dec 17. 1931 Since that Mr Coppedge has been in charge of liquidation
3.August 13, 1932The Buffalo NewsBuffalo, NY
Click image to open full size in new tab
Article Text
NEW YORK Aug. 13 mill operations the district in the week will start at 14 per of capacity. an advance of per it estimated in the steel trade.
MIDDLEPORT BANK SOON TO PAY FIRST DIVIDEND
Special to the EVENING MIDDLEPORT Aug. First National will pay its first of 32 per cent. creditors, Coppedge in charge liquidation Saturday The dividend check and schedules have been forwarded the comptroller of currency at and the check will ready for delivery as soon they are signed and returned to the will be notified when the The bank its on Dec 1931 Since that time, Mr Coppedge has been in charge liquidation
4.August 15, 1932The Buffalo NewsBuffalo, NY
Click image to open full size in new tab
Article Text
DIVIDENDS IN SIGHT
Checks Totaling $150,000 for 2 Small Banks Ready.
Special to the BUFFALO EVENING LOCKPORT Aug. 15.-Approximately first dividend checks for two small banks this section receivership now were in sight Monday when authorities prepared out $38,000 representing 30 per depositors Gasport National bank first per for depositors the Middleport National bank Receiver both banks, B Coppedge, issued that statement Monsigned the comptroller's at bank and
5.August 15, 1932The Buffalo NewsBuffalo, NY
Click image to open full size in new tab
Article Text
DIVIDENDS IN SIGHT
Checks Totaling $150,000 for 2 Small Banks Ready.
Special to the BUFFALO EVENING NEWS. LOCKPORT Aug 15.-Approximately $150,000 in first dividend checks for two small banks of sight resenting 30 per money due depositors the Gasport bank. and representing first dividend 32 per for of the Middleport National bank Receiver for banks B that statement Monsigned the at Albank and mailed to depositors
6.August 15, 1932The Buffalo NewsBuffalo, NY
Click image to open full size in new tab
Article Text
DIVIDENDS IN SIGHT
Checks Totaling $150,000 for 2 Small Banks Ready.
Special to the BUFFALO EVENING NEWS. LOCKPORT, Aug. 15.-Approximately $150,000 in first dividend checks for two banks of this section, now receivership. were in sight Monday when money depositors Gasport bank. and dividend per cent. for depositors the Middleport National Receiver both banks. Otis B. Coppedge, issued Monare signed bank and mailed depositors.
7.November 27, 1933The Buffalo NewsBuffalo, NY
Click image to open full size in new tab
Article Text
BANK RECEIVER WINS VERDICT IN NOTE SUIT
LOCKPORT Nov verdict of $2500 favor Otis B. Coppedge, receiver of the National Bank of Middieport, and against Cornelius J. Mack, Gasport, on promissory note given by latter to the before was reported by jury in here Edward Sweeney, Gasport, named with Mack contested the suit and won no of action verdict from the
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.