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These wildcat banks were not pets, and they were involved in risky land speculation on the frontier. The pet banks could not regulate the wildcat banks, which printed as much money as possible, and gave out loans left and right. Pet banks were also making risky investments and could not stabilize the dollars value.
The wildcat formation was called the wildhog in honor of the razorback mascot at the University of Arkansas, and then rebranded as the wild rebel when Arkansas head coach Houston Nutt went to Ole Miss as head coach (Ole Miss mascot being the Rebel), and a variation involving a direct snap to a tight end has been
The first Nebraska banks were created by the territorial legislature in 1855. They were authorized to issue bank notes as money without any underlying assets. These wildcat notes circulated freely, riding the crest of the boom years of land speculation and investment in town sites, railroads, and industries.
Nebraska, known as the Cornhusker State, is famous for its vast great plains, pioneer history, agricultural production and college football. It was admitted to the Union on March 1, 1867, becoming the 37th state.
Wildcat and Broken Notes Some banks would set up shop in remote mountainous regions, prompting people to comment that it was easier for a wildcat to redeem these notes than people - thus the name. As for broken notes, the name refers to the frequency in which the banks that issued them went bust.
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The University of Arizona acquired the Wildcat name after a game on November 7, 1914. A Los Angeles Times columnist said that the University of Arizona team showed the fight of Wildcats.
On March 1, 1867, President Andrew Johnson reluctantly signed the proclamation declaring Nebraskas statehood.
Origins of the Term Wildcat Banking By 1838, the term was applied to any business venture considered unsound or perilous. The term wildcat then, when applied to a bank, came to mean an unstable bank at risk of failure, and its for this reason that wildcat banks have been portrayed as such in Westerns.

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