First National Bank (Carter, MT)

Episode Information

Episode UID
1099501487
Episode Type
Suspension โ†’ Closure
Bank Type
national
Bank ID
109950 national
Charter Number
10995
Start Date
November 9, 1923
Location
Carter, Montana (47.781, -110.956)

Metadata

Model
gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
62058c7498fa8f10

Response Measures

None

Receivership Details

Depositor recovery rate
36.5%
Date receivership started
1923-11-09
Date receivership terminated
1927-09-12
OCC cause of failure
Governance
Share of assets assessed as good
17.8%
Share of assets assessed as doubtful
63.6%
Share of assets assessed as worthless
18.6%

Description

Used known receivership date as authoritative; articles state bank closed in December 1923 and later receiver distributions in 1925.

Events (5)

1. May 18, 1917 Chartered
Source
historical_nic
2. November 9, 1923 Receivership
Source
historical_nic
3. November 9, 1923 Receivership
Newspaper Excerpt
Receiver J. P. Rigler ... has been appointed receiver ... he succeeds the receiverships of the First National bank of Carter (article notes Rigler later appointed receiver).
Source
newspapers
4. December 1, 1923* Suspension
Cause Details
Article notes the bank closed/suspended in December 1923 but gives no specific cause.
Newspaper Excerpt
The Carter First National closed in December, 1923, with deposits of approximately $75,000 and capitalization of $50,000. The dividend to be paid now is the first distribution since the bank suspended business.
Source
newspapers
5. August 13, 1925 Other
Newspaper Excerpt
BANK AT CARTER WILL PAY DIVIDEND OF 20 PER CENT; Immediate distribution of a 20 per cent dividend by the First National bank of Carter was announced Wednesday by Receiver J. P. Rigler.
Source
newspapers

Newspaper Articles (5)

Article from The Chouteau County Independent, December 14, 1923

Click image to open full size in new tab

Article Text

ACTION TO COLLECT FUNDS County Attorney W. S. Towner this week attached personal property of bondsmen of the Carter State Bank of Carter and the Loma State Bank at Loma. The amount of county money in the Loma institution was $6,600 while at Carter the county had $6,330 on deposit. In the case of the First National Bank of Carter, the deposit amounting to about $13,000 was largely covered, there being a $10,000 surety bond and the balance by personal bond.


Article from The Great Falls Leader, July 10, 1925

Click image to open full size in new tab

Article Text

RIGLER SUCCEEDS T. E. McCLINTOCK AS BANK RECEIVER New Manager of Affairs of Defunct Institution Has Been in Montana 10 Years and Formerly Was Connected With War Finance Corp. J. P. Rigler. for the last two years associated with the receiver. ship of the Commercial National bank of Great Falls, has been appointed receiver take the place of T. E. McClintock whose resignation was given the comptroller of the treasury July He also sueceeds the receiverships of the First National bank of Highwood and First National bank of Carter Mr. McClintock still Is receiver of the Stockmen's National bank of Fort Benton and the First National and Citizens National banks of Wyo Mr. Rigler has resided in Montana 10 years and formerly was connected with the War Finance corporation He now is representa tive of the Hanover National bank of New York in Montana, Idaho and South Dakota. The Commercial bank which failed October 4. 1922 with deposits one 15 per cent dividend year ago The Highwood bank has paid 1-2 per cent to date


Article from Great Falls Tribune, August 13, 1925

Click image to open full size in new tab

Article Text

BANK AT CARTER WILL PAY DIVIDEND OF 20 PER CENT Immediate Distribution Is Announced by Receiver, to Total $15,000; First Payment Made Since Closing Immediate distribution of a 20 per cent dividend by the First National bank of Carter was announced Wednesday by Receiver J. P. Rigler, who recently was appointed to the receivership of that bank and of the Commercial National bank of Great Falls. The total distribution will approximate $15,000. Payment of the dividend now follows collections on the bank's paper, which have created a cash fund that makes


Article from The Great Falls Leader, August 14, 1925

Click image to open full size in new tab

Article Text

RECEIVER GIVES NOTICE OF BIG BANK DIVIDEND Receiver J. P. Rigler of the First National Bank of Carter. has made announcement of the im. mediate distribution of 20 per cent dividend to depositors of that inamounting to about The Carter First National closed in December, 1923, with deposits of approximately $75,000 and capitalization of $50,000. The dividend to be paid now is the first distribution since the bank suspended business. The dividend checks will be paid from Receiver Rigler's Great Falls office.


Article from The River Press, August 19, 1925

Click image to open full size in new tab

Article Text

Carter Bank To Pay Dividend Great Falls. Immediate distribution by the First National bank of Carter was announced Wednesday by Receiver J. P. Rigler, who recently was appointed to the receivership of that bank and of the Commercial National bank of Great Falls. The total distribution will approximate $15,000. Payment of the dividend now follows collections on the bank's paper, which have created a cash fund that makes the distribution possible Receiver Rigler said. The location of the bank is one of the principle farming areas of northern Montana. The Carter First National closed in December, 1923 with deposits of approximately $75,000 and capitalization