First National Bank (Stevensville, MT)

Episode Information

Episode UID
1070901503
Episode Type
Suspension โ†’ Closure
Bank Type
national
Bank ID
107090 national
Charter Number
10709
Start Date
March 1, 1925
Location
Stevensville, Montana (46.510, -114.093)

Metadata

Model
gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
5db53a42cffb2a4b

Response Measures

None

Receivership Details

Depositor recovery rate
85.8%
Date receivership started
1925-03-02
Date receivership terminated
1928-10-25
OCC cause of failure
Economic conditions
Share of assets assessed as good
24.2%
Share of assets assessed as doubtful
72.6%
Share of assets assessed as worthless
3.3%

Description

Most articles state the closure was voluntary to permit liquidation/reorganization; a single early report is garbled but does not change outcome.

Events (5)

1. February 23, 1915 Chartered
Source
historical_nic
2. March 1, 1925 Suspension
Cause
Voluntary Liquidation
Cause Details
Voluntary failure to open doors to permit liquidation or reorganization.
Newspaper Excerpt
This action was voluntary and was to permit either liquidation or reorganization.
Source
newspapers
3. March 2, 1925 Receivership
Source
historical_nic
4. March 2, 1925 Receivership
Newspaper Excerpt
The First National Bank of Stevensville, Swan, as Receiver of the First National Bank of The State corporation
Source
newspapers
5. * Other
Newspaper Excerpt
There was no run on the bank.
Source
newspapers

Newspaper Articles (16)

Article from The Independent-Record, March 2, 1925

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Article Text

STEVENSVILLE Stevensville. March First National Bank of Stevensville failed open its door yesterday morning This action was voluntary. and to permit either liquidation or organization. The deposits timated about $100,000 and the capital stock at $25,000. There was run on the bank said that the loss to will be small Possibly it will be found that the more than balance the liabilities. The First National bank ganized Elmer years Johnson, who president and his August Johnson, rancher near Havre. The two Johnsons most of the stock in the bank John Howe and Cherry cashier These with Lidell and Henry Lockridge, form the board


Article from The Independent-Record, March 2, 1925

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Article Text

Stevensville, March National Bank of Stevensville, failed open door yesterday morning This action was voluntary, and to permit either liquidation organization. The deposits timated about $100,000 and capital stock $25,000. There run on the bank that the loss positors, if will be small. Pos sibly will found that the assets more than balance the liabilities The First National bank ganized years ago Elmer Johnson, who and his father, August Johnson, rancher near Havre two Johnsons of the stock in the John Howe and Emmett Cherry cashier. These officers, with Lidell and HenLockridge, form the board


Article from Gallatin County Tribune and Belgrade Journal, March 12, 1925

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Article Text

The First National bank of Stevensville failed to open its doors recently This action was voluntary and was to permit either liquidation or reorganization The deposits are estimated at about $100,000 and the capital stock is $25,000. There was no run on the bank.


Article from The Lima Ledger, March 12, 1925

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Article Text

The First National bank of Stevensville falled to open Its doors recently. This action was voluntary and was to permit either liquidation or reorgantzation. The deposits are estimated at about $100,000 and the capital stock is $25,000. There was no run on the bank.


Article from The Yellowstone, March 12, 1925

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Article Text

The First National bank of Stevensville failed doors recently. This action voluntary and permit either liquidation zation. The deposits estimated and the capital There the bank. no


Article from Eastern Montana Clarion, March 12, 1925

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Article Text

The First National bank of Stevensville open doors This action voluntary and permit either liquidation zation. The deposits are estimated about and the capital stock no run on the


Article from The Columbus News, March 12, 1925

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Article Text

The First National bank of Stevensville falled to open Its doors recently. This action was voluntary and was to permit either liquidation or reorgantsation. The deposits are estimated at about $100,000 and the capital stock $25,000. There was no run on the bank.


Article from The Liberty County Times, March 13, 1925

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Article Text

bank of StevensFirst National The doors recently. ville falled to open voluntary and This action or reorganieither liquidation permit estimated The deposits zation. the capital stock and about on the bank.


Article from The Valerian, March 13, 1925

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Article Text

The First National bank of Stevensits doors recently. ville failed open was voluntary and action This liquidation permit The deposits are estimated zation. and the capital stock was the bank. There


Article from The Sidney Herald, March 13, 1925

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Article Text

First National bank of Stevensville failed open its doors This action voluntary and permit either liquidation or reorganization. The deposits are estimated about and the capital stock no on the bank.


Article from The Troy Tribune, March 13, 1925

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Article Text

The First National bank of Stevensfailed its doors recently ville This action was voluntary and permit reorganiare estimated stock There on


Article from The Ismay Journal, March 13, 1925

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Article Text

The First National bank of Stevensville failed to open Its doors recently. This action was voluntary and was to permit either liquidation or reorganization. The deposits are estimated at about $100,000 and the capital stock is $25,000. There was no run on the bank.


Article from Plevna Herald, March 13, 1925

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Article Text

The First National bank of Stevensville failed to its doors recently. This action and was to permit either liquidation or reorganization. The deposits estimated at about $100,000 and the capital stock is There was no on the bank.


Article from Fallon County Times, March 19, 1925

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Article Text

The First National bank of Stevensville open doors This action was voluntary and permit liquidation zation. The deposits are estimated about and the capital stock on the bank.


Article from The Winifred Times, March 20, 1925

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Article Text

The First National bank of Stevensville failed to open its doors recently. This action was voluntary and was to permit either liquidation or reorgantzation. The deposits are estimated at about $100,000 and the capital stock is $25,000. There was no run on the bank.


Article from The Roundup Record, July 17, 1925

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Article Text

Legal Notices SUMMONS FOR PUBLICATION. In the District Court the Fifteenth Juthe State Montana, in and for the of Augusta M. Frey, Plaintiff, Sarah Dempster widow James Dempster, ceased, Musselshell Valley Farm Loan Com pany, corporation. and Kathryn M. Moss, his wife, The First NationBank and Swan, as Receiver of the First National Bank of The State corporation, Defendants. Montana to the above-named Defendants, GREETING: You are hereby this to answer the action file the office of the of this Court, copy which herewith served upon you, and file your answer and serve copy thereof upon the Plaintiff's attorney within twenty the of Summons, clusive of the day and in of your failure to appear judgment will be demanded taken against you by default for the in the complaint. That the entitled action is brought for the certain real estate date the 1st day of D. 1916, made, executed and by the above named defendant, Sarah A. Dempster, widow of James B. Dempster, deceased, mortgagor, to Musselshell Valley Farm Loan Company, mortgagee, which said was duly filed for 13th day of D. 1916, at the hour of 1:20 o'clock said day, the office of the County Clerk and Recorder County, Montana, and recorded Book of on page 66 thereof that the making, and delivery of said real estate mortgage, and prior to the of this due course of business and for good and consideration, said mortgage was duly sold, over and transferred to the plaintiff, and since said named sale, endorsement plaintiff and the abovehas been and the owner and holder said mortgage that the said mortgage covers the following described property, The Quarter (SW)/4) Section Twenty (20), in Township Eight (8) North, of Range (24) East of 160 Montana Principal Meridian, taining acres more or less, the Government Survey thereof,' in Musselshell County, Montana: and for the further purpose of from the said defendant mortgagor, James B. Dempster, Sarah Dempster Harry D. Moss and Kathryn M. Moss, his wife, the sum with interest thereon at the rate per from November 1, 1923 $56.00 10% with at the rate $800.00 with at the rate 1924 7% per from November 1924 $91.25, for taxes paid, together with interest thereon at the rate of 12% per annum from April 1925, abstract title fees, cost filing notice pendens and costs suit and for the further pose of obtaining decree of the above pur- entitled court foreclosing all of the rights, liens, claims and interests, if any, the abovenamed defendants, Musselshell Valley Farm Loan Company, corporation, The First National M. Bank of Stevensville, Swan, as Receiver of The First NationBank Stevensville, corporation, and each them, including the right or rights of redemption of all the defendin and to said real property, and for such other and further relief as the may seem meet and equitable in the premises, plaintiff's all more_fully appears from the complaint on file herein, reference to which is hereby made. this WITNESS my hand and seal of said Court 25th day June, 1925. (SEAL) By Water F. Elmen, Hildebrand Warren, Attorneys for Deputy. Plaintiff, Glendive, Montana. (First pub. June 26) CERTIFICATE F. A. Pribyl hereby that carrying on and conducting business under the firm name and style Roundup Auto Supply and Wrecking Company. That the principal is the City Roundup, Montana. That the residence of the said Montana. Pribyl in the said City of Roundup, F. A. PRIBYL. State of Montana, County of Musselshell-s On the 23rd day of June, A. D. 1925, before Maris, Notary Public for State of Montana, personally appeared whose Pribyl, name known subscribed me to be the person the instrument. executed the and acknowledged to me that he same. Subscribed and sworn to before me the day year first above (SEAL) F Notary Public for the State of Montana, residing at My expires April 10, 1928. (First pub. June 26)