gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
c3d96cde48c245df
Response Measures
None
Receivership Details
Depositor recovery rate
28.0%
Date receivership started
1924-03-22
Date receivership terminated
1928-12-31
OCC cause of failure
Economic conditions
Share of assets assessed as good
25.9%
Share of assets assessed as doubtful
50.5%
Share of assets assessed as worthless
23.7%
Description
OCR errors in articles corrected (e.g., names/phrasing).
Events (4)
1.June 16, 1909Chartered
Source
historical_nic
2.March 22, 1924Receivership
Source
historical_nic
3.May 1, 1924*Suspension
Cause
Government Action
Cause Details
Bank closed and placed in receivership approximately 1.5 years earlier (per articles)
Newspaper Excerpt
has been receiver of the First National bank of Polson since it closed a year and a half ago
Source
newspapers
4.November 20, 1925Receivership
Newspaper Excerpt
R. C. Riddick, who has been receiver of the First National bank of Polson ... has resigned and has been succeeded by J. M. Swan
Source
newspapers
Newspaper Articles (10)
1.November 13, 1925The ValerianValier, MT
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Article Text
Receiver for Three Banks
Riddick, who has been receiver of the First National bank Polson since closed year and half has resigned and has been succeeded Swan, who is of the by First National banks Ronan and Charlo. Mr. Swan will handle the afof all three banks and will be fairs assisted by Livingston.
2.November 18, 1925The SearchlightHardin, MT
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Article Text
Receiver for Three Banks
R. Riddick, who been receiver the First National bank of Polson since closed year and half ago, has and has been succeeded Swan, who receiver the by First National banks at and Charlo. Mr. Swan handle the afof all three banks and will assisted by Livingston.
3.November 19, 1925Belt Valley TimesArmington, MT
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Article Text
Receiver for Three Banks Riddick, has been receiver the First National bank of Polson since closed and half ago, has resigned and has been Swan, who of the First National banks and Charlo. Mr. Swan will handle the fairs of all three banks and will assisted by Livingston.
Receiver for Three Banks
R. Riddick, who has been receiver of the First National bank of Polson since closed year and half has resigned and has been succeeded by Swan, who receiver of the First National banks at and Charlo. Mr. Swan will handle the fairs of all three banks will be assisted by Livingston.
Receiver for Three Banks
R. Riddick, who has been receiver the First National bank of Polson since closed and half ago, year and has been succeeded has Swan, of the National banks and First Charlo. Mr. Swan will handle the afof all three banks and will fairs assisted by Livingston.
6.November 19, 1925The YellowstoneBallantine, MT
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Article Text
Receiver for Three Banks
R. has been receiver of the First National bank Polson since closed year and half has resigned and has been succeeded Swan, who receiver of the First National banks and Charlo. Mr. Swan will handle the fairs of all three banks and will assisted by Livingston.
Receiver for Three Banks
R. C. Riddick. who has been receiver of the First National bank of Polson since it closed a year and a half ago, has resigned and has been succeeded by J. M. Swan, who is receiver of the First National banks at Ronan and Charlo. Mr. Swan will handle the affairs of all three banks and will be assisted by C.D. Livingston.
Receiver for Three Banks who has been receiver the National bank Polson since closed year and half has resigned and has been succeeded by Swan, who receiver of the First National banks Ronan and Charlo. Mr. Swan will handle the fairs all three banks and will be assisted by Livingston.
9.November 20, 1925The Liberty County TimesChester, MT
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Article Text
Receiver for Three Banks who has been receiver Riddick, National bank of Polson of the First closed and half ago, since it year has been succeeded has resigned and receiver of the Swan, who by banks Ronan and First National Swan will handle the afCharlo. Mr. banks and will be of all three fairs by Livingston. assisted
10.November 20, 1925Plevna HeraldPlevna, MT
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Article Text
Receiver for Banks
Riddick, who has of the First National bank of Polson since closed year and half has and Swan, who receiver the First National banks Ronan and Charlo. Mr. Swan will handle the fairs of all three banks and will be assisted by Livingston.
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.