First National Bank (Baker, MT)

View Charter #10443 on SPMC View balance sheet

Episode Information

Episode UID
1044301493
Episode Type
Suspension → Closure
Bank Type
national
Bank ID
104430 national
Charter Number
10443
Start Date
May 20, 1924
Location
Baker, Montana (46.367, -104.285)

Metadata

Model
gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
3372c9a32c7e9626

Response Measures

None

Receivership Details

Depositor recovery rate
89.0%
Date receivership started
1924-05-20
Date receivership terminated
1928-10-31
OCC cause of failure
Economic conditions
Share of assets assessed as good
34.5%
Share of assets assessed as doubtful
42.8%
Share of assets assessed as worthless
22.7%

Description

Bank was placed in receivership May 1924 and later paid dividends under the receiver; no evidence it resumed normal operations.

Events (7)
1. September 9, 1913 Chartered
Source
historical_nic
2. May 20, 1924 Receivership
Source
historical_nic
3. May 20, 1924 Receivership
Newspaper Excerpt
the bank went into the hands of receivers in May, 1924.
Source
newspapers
4. May 20, 1924 Suspension
Cause
Government Action
Cause Details
Bank placed in receivership (taken into hands of a receiver in May 1924).
Newspaper Excerpt
the bank went into the hands of receivers in May 1924.
Source
newspapers
5. February 25, 1926 Other
Newspaper Excerpt
FIRST NATIONAL TO PAY ANOTHER DIVIDEND ... assistant to W. M Turner, as Receiver of the First National Bank. ... checks ... sent to Washington for covering another dividend to the depositors.
Source
newspapers
6. August 13, 1926 Other
Newspaper Excerpt
Defunct Baker Bank Returns 70 Per Cent Loss by Dividends ... defunct First National Bank, Baker, that went into the hands of a receiver in May 1924.
Source
newspapers
7. August 27, 1926 Other
Newspaper Excerpt
BAKER BANK HAS PAID DEPOSITORS 70 PERCENT ... The bank went into the hands of receivers in May, 1924.
Source
newspapers

Newspaper Articles (7)
1. June 6, 1924 Plevna Herald Plevna, MT
Article from Plevna Herald, June 6, 1924

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Article Text

INTERESTING LOCAL NEWS Will do sewing at home and solicit your work. Mrs. A. J. Schimmel. V. S. Himsl was in Helena on business several days of last week. FOR SALE—Spring Pigs, Duroc Jerseys. $3.00 each. Write Bentley Sinclair, Plevna. 2tp Mrs. Miles Carrington and Mrs. Stoller spent Wednesday visiting friends in Baker. Wanted to buy:—Native cedar fence posts. See G. J. Buergi. George Gutch and Lewis LaCrosse were over from Baker on business Wednesday. R. P. Dameron, a real estate man from Minneapolis, spent several days in town this week. For popular rates and a good room, the Beaufort Hotel is one of the very best. 112 S. 3rd St., Minneapolis. Banker Ed P. O'Brien attended the Bankers' Convention held at Miles City last Saturday, returning Sunday. Mrs. O. E. Anderson and daughter, Miss Bessie, Mrs. H. D. Anderson and Mrs. W. Stoddard attended Eastern Star chapter at Baker Thursday evening. Chas. Russell of Baker, was in town on business the first of the week. He was accompanied by Bank Receiver Streeter who is at the 1st National Bank at Baker. Business callers from Baker on Monday included Atty. McLemore, Atty. J. A. Williams, Geo. Hough, Wm. Poole, Judge Dousman and Col. Ludwick. Twin boys were born to Mr. and Mrs. Wm. Root on Sunday. One infant died the same day. The remaining infant weighs 4 pounds and mother and son are doing nicely. B. J. Kuhl, wife and baby and Marie Engelhard left Friday for a visit with Mr. Kuhl's relatives at St. Cloud, Minn. Mr. Kuhl will return in a few weeks and the others will remain for awhile. Division B of the Ladies Aid entertained at the regular meeting Thursday afternoon in the church parlors. There was a good attendance of members and friends, and a fine lunch served. Sister Victoria, of St. Thomas Orphanage of Great Falls, visited Plevna Wednesday in the interest of the home, and expressed herself as well pleased with results of her efforts. Miss Anna Engels took her to Ismay the same day. Wanted—Breaking or plowing. See or write Albert Geving, at Plevna, Mont. 3tp R. L. Biffle was a business caller from Baker on Thursday. Ed P. O'Brien drove to Baker on business Wednesday. Walter F. Wilson and R. P. Dameron made a business trip to Ismay Thursday. Paul Hubbard, Atty. Al Hansen and F. H. Becker were business callers from Baker Wednesday. Mr. and Mrs. W. Stoddard have rented the A. C. Mikalson house and moved in Monday. Frank Stout and George Trainor made a business trip to Ollie on Monday. A. C. Mikalson and Mrs. Mikalson left by auto Monday for an extended trip to the mountains, also camping at Buffalo, Wyo. The Phil Huber family and their guests, John Huber and the Wm. Leischner family enjoyed a picnic at Medicine Rocks last Sunday. John Wentz has returned from Miles City, where he accompanied Mrs. Wentz to the hospital, and whom he reports as improving. Mrs. Frank Angelo returned on Wednesday from Miles City. She reports Mr. Angelo as improving slowly from his recent operation. Mrs. Lee Meyer, George and Francis Stout and Marie Englehart were Baker visitors Wednesday afternoon. C. A. Dunham and family enjoyed a few days' outing this week. They went to Fallon and camped, to try their luck with the finny tribe. Rev. Seebart came over from Baker Thursday morning and put the second coat of kalsomine on the church basement, which has been undergoing a renovation. Mr. and Mrs. Thos. FitzSimmons returned home Saturday from a trip to Miles City, where they went after their daughter Helen who has been attending school. They made the trip in their new Ford. A. J. Honstain of Westmore, spent a couple of days in town this week. His family will soon return to Westmore after spending the past year in Bainsville, where their daughter Miss Ella, has been attending high school. Friends of the latter will be interested to learn that she has won the scholarship which entitles her to a course at the state university

2. October 28, 1924 Miles City Star Miles City, MT
Article from Miles City Star, October 28, 1924

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Article Text

Local News Joe Noll, of Ismay, was a Miles City visitor Sunday. "Feet of Clay" at Liberty, last times today. —Adv. J. B. French, of Hageman, was a week end visitor in Miles City. Hon. George J. Murphy, of Ismay, was a Sunday visitor in Miles City. Fur trimmings. Hubachek. —Adv. Mr. and Mrs. Alva Hiers went to Broadus Monday on a business trip. John A. Aye, of Olive, visited with friends in Miles City over the week end. C. W. Brown and A. L. Brown, of Mildred, were week end visitors in Miles City. Mr. and Mrs. Thomas Horton, of Tongue River, were visitors in Miles City Monday. Riley Tyler, of Stacey, was a business visitor in Miles City over the week end. Dr. Leanna Terry, osteopathic physician, Kentucky Blk. Phone 630. —Adv. Mrs. George Dean, of Forsyth, spent the week end visiting with friends in Miles City. Perry Kressler, of Mizpah, returned to his home Sunday after a business visit in Miles City. J. T. Wagner, of Plevna, spent the week end in Miles City, visiting with friends and transacting business. Mr. and Mrs. John Pauly, of Beebe, visited with friends and transacted business in Miles City Monday. J. C. Russell, receiver of the First National bank of Baker, was a business visitor in Miles City Monday. T. J. Johnson, of Billings, visited with friends and transacted business in Miles City over the week end. Chicken Dinner: Trinity Lutheran church, tonight at 5:30-7:00 p. m. 35 and 50c. —Adv. W. N. Gail, of Billings, spent the week end visiting with friends and transacting business in Miles City. R. E. Tower, of Billings, visited with friends and attended to business matters in Miles City Monday. A. L. Williams, of the State Bank Examiner's office at Helena, was a business visitor in Miles City Monday. John F. Peterson, of Coalwood, was a week end visitor in Miles City, calling on friends and transacting business. J. H. Camp, of Camp's Pass, returned to his home there Monday, after spending the week end with friends in Miles City. Mr. and Mrs. Claude Sargent, of Baker, visited with friends in Miles City over the week end, returning to their home Monday. H. V. Bailey, of the State Land Recorder's office at Helena, spent Sunday in Miles City, visiting with friends. Ernest E. Vail, of Garland, called on friends in Miles City Sunday, remaining overnight and returning to his home Monday. Mr. and Mrs. Henry Bohling, recently married, arrived home from their honeymoon trip to Minneapolis Minnesota, Monday. Mr. and Mrs. L. E. Vick, of Rock Springs, visited with friends in Miles City Sunday, remaining overnight and returning to their home Monday. Roy F. Crilly, of Glendive, returned to his home there Monday, after spending the week end visiting with friends and transacting business in Miles City. J. C. Tillingwerth, Northern Pacific land agent, with headquarters at Staples, Minnesota, was a business visitor in Miles City over the week end. Dr. Corkins, the eyesight specialist, will be at his office in the Ingham hotel, and can be consulted about correct glasses all day Thursday and Friday, November 6 and 7 —Adv George Collins, of Glendive, returned to his home Monday after spending the week end visiting with friends and attending to business matters in Miles City. H. G. Klickman, foreman at the Milwaukee freight house, is convalescing satisfactorily at the Holy Rosary hospital following an operation that he underwent last week. J. N. Vick, of Boyd, Minnesota, returned to his home Monday after a visit with relatives and friends in Miles City and vicinity over the week end. N. H. Fuller, superintendent of the trans-Missouri division on the Milwaukee system, is spending a few days in Miles City on conference with officials of the Musselshell division. C. J. McGurn, of Chicago, departed Monday for his eastern home after spending the past several days transacting business and visiting with friends in Miles City and vicinity. W. D. Carrick, general baggage agent from Chicago for the Milwaukee system, on his way west to Seattle, stopped in Miles City briefly in conference with local railway officials. Miss Henrietta Cook and Miss Aletta Brownlee, school teachers at Carterville, spent Saturday and Sunday in Miles City with their parents and returned by car Sunday evening. Sol Thorp, of Mizpah, was a business visitor at the county farm bureau office late Saturday, spending the week end in Miles City with friends and returning to his home Sunday. Mr. and Mrs. L. E. Quest and Mrs. Frances Shore have returned from Hardin, where on Saturday evening they attended a rally and dance which followed. They report a successful trip and a pleasant time. Russell Wiley, a former resident of Miles City, who has spent the past two years at Los Angeles, California, and Seattle, Washington, returned Monday to Miles City, and will once more make his home here. NOTICE—Person who found billfold containing sum of money and papers, with name "S. V. Cox" printed on inside, is known. Unless billfold is returned by mail or otherwise to Star office, information will be given police and prosecution will follow. —Adv. Chicken Dinner, Trinity English Lutheran church, Wednesday, Oct 29, 5:30-7:00 p. m. Menu: Roast chicken and dressing, mashed potatoes, creamed carrots and peas, salad, pickles, jelly, rolls, rosettes pumpkin pie and whipped cream coffee. Adults, 50c; children, 35c. —Adv.

3. February 25, 1926 The Advocate Baker, MT
Article from The Advocate, February 25, 1926

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Article Text

FIRST NATIONAL TO PAY ANOTHER DIVIDEND Tom Forde has been in town several days in conection with his duties assistant to W. M Turner, as Receiver of the First National Bank. Mr. Forde that checks states have been prepared. and sent to Washington for covering another dividend of to the depositors. This will make total of paid by the receiver to depositors. Distribution of these dividend checks will be made have as soon as been signed and returned the by

4. August 13, 1926 The Producers News Plentywood, MT
Article from The Producers News, August 13, 1926

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Article Text

Defunct Baker Bank Returns 70 Per Cent Loss by Dividends Miles City-With the return of signed checks to cover a 10 per cent dividend from the comptroller of currency, Washington, D. C., a total of 70 per cent will have been returned to depositors of the defunct First National Bank, Baker, that went into the hands of a receiver in May 1924, according to information received here. Thomas Forde, in charge of affairs of the institution, has been authorized to make the further 10 per cent disbursement, it is said.

5. August 27, 1926 The Producers News Plentywood, MT
Article from The Producers News, August 27, 1926

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Article Text

BAKER BANK HAS PAID DEPOSITORS 70 PERCENT Checks were distributed late in July to cover a 10 percent dividend to depositors of the First National bank, Baker. The bank went into the hands of receivers in May, 1924. Since that time, and with the recent 10 percent dividend, it has paid 70 percent.

6. April 14, 1927 The Baker Sentinel Baker, MT
Article from The Baker Sentinel, April 14, 1927

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Article Text

as W. W. Brant: Curtis M. Shreve: Midland Coal & Lumber Company, a corporation: The First National Bank of Baker National Banking corporation, and John A. Sanderson. as of Receiver of The First National Bank Baker, National Banking cor poration, Baker State Bank, State Banking corporation and C. J. Russell, as the Receiver of Baker State Bank a State Banking corporation; James Pepper; J. W. Brant; Dave Lunder and Grace Lunder, his wife; Harry Lunder, and Ella Lunder, his gold wife his alter wife. Mangold and Olga ManTo Be Sold At Sheriff's Sale, on the 16th day of April A. D. 1927 at the hour of 2:00 o'clock P. M. at the front door of the Court House of Fallon County, at Baker Montana, the following described Real Estate: North Half (N1-2) and the Southeast Quarter (SE1-4), of Section Twenty nine (29), and the West Half W1-2) and the North Half (N1-2) of the North-east (NE14). of Section Thirty two (32), all in Township Five, (5) North. Range Fifty-nine (59), East, Montana Principal Meridian; containing eight hundred eight hundred eighty acres, more or less according thereof. to the Government survey together with all and singular the tenements, hereditaments and appurtenances thereto belongng or in anyway appertaining thereto. Dated at Baker, Montana, this 21st day of March A D. 1927. C. E. By W. B. Frankland, Burrell, Deputy Sheriff. Sheriff. Al Hansen, Attorney for Plaintiff. f. M. 24 A. 14

7. April 28, 1927 The Baker Sentinel Baker, MT
Article from The Baker Sentinel, April 28, 1927

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Article Text

RECEIVER OF FIRST NATIONAL ON JOB TWO DAYS EACH WEEK Ridgway, Receiver of the First National Bank of Baker, whose office is at Beach, N. D. has been spending the week In Baker and vicinity looking after bank affairs. Receiver Ridgway has charge of closed banks at Beach, Carlyle, Golva and Sentinel Butte, in addition to the First National Bank Baker, but plans to be in Baker on Mon'days and Tesdays of each week No dividend is being paid this spring by the Baker bank for the reason, as the Receiver states, that sufficient collections were not made warrant dividend at this time. However, the prospects are with good crop in this locality this further dividend will be paid