gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
76ce48bd617b8cc8
Response Measures
None
Receivership Details
Depositor recovery rate
42.0%
Date receivership started
1926-12-15
Date receivership terminated
1930-03-12
OCC cause of failure
Economic conditions
Share of assets assessed as good
25.7%
Share of assets assessed as doubtful
51.9%
Share of assets assessed as worthless
22.4%
Description
OCR in Article 2 is noisy; dates interpreted as June 10 and Dec 10, 1926.
Events (5)
1.July 1, 1909Chartered
Source
historical_nic
2.June 10, 1926Receivership
Newspaper Excerpt
First National bank at Stanley while that institution was in the hands of the receiver
Source
newspapers
3.June 10, 1926Suspension
Cause
Government Action
Cause Details
Bank placed in hands of a receiver and closed (receiver appointed circa June 10, 1926).
Newspaper Excerpt
the defunct First National Bank ... adver tised the sale of the remaining assets the bank at public auction here Dec. the Foley will close the trust and declare the final 10. 1926 since which 30 per cent dividends has been paid
Source
newspapers
4.December 10, 1926Other
Newspaper Excerpt
the money is alleged to have been taken December 10, 1926. When ar- (embezzlement by clerk while bank was in hands of the receiver)
Source
newspapers
5.December 15, 1926Receivership
Source
historical_nic
Newspaper Articles (2)
1.October 10, 1928The Bismarck TribuneBismarck, Mandan, ND
Click image to open full size in new tab
Article Text
# Bismarck Woman to Face Embezzlement Charges Here Soon
Dorothy H. Fenstermacher was arrested here yesterday by Jacob Rothschiller, Fargo, deputy United States marshal, on charges of embezzling funds from the First National bank at Stanley while that institution was in the hands of the receiver.
It is charged in an indictment, returned by a federal grand jury at Fargo last month, that while a clerk and stenographer in the bank, the defendant embezzled $1,040.
The money is alleged to have been taken December 10, 1926. When ar-
Affairs of Closed Bank Of Stanley are Concluded Senator Hamilton Is Speaker at Granville wind the agairs of the defunct
First National Bank, Andrew Foley vertised the sale of the remaining assets the bank at public auction here Dec. the Foley will close the trust and declare the final 10. 1926 since which 30 per cent dividends has been paid Mr. Foley has been in since June, 1928, succeeding P. E. Severson.
Granville, Dec. 7.-Senator D H Hamilton, recently named member of the board of directors of the North Dakota division of the Farm ers Union, addressed meeting of the Granville unit of the Union on the national convention of the ganization at Omaha which he attended Other speeches were given by S M. finnson, Hughes in structor in the local school and President E. E. Hamilton. Math Eidsnes acted as chairman of the session.
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.
