American National Bank (Helena, MT)

View Charter #4396 on SPMC View balance sheet

Episode Information

Episode UID
439601123
Episode Type
Run → Suspension → Closure
Bank Type
national
Bank ID
43960 national
Charter Number
4396
Start Date
July 28, 1893
Location
Helena, Montana (46.593, -112.036)

Metadata

Model
gemini-3-flash-preview (chosen from majority vote of a three-model LLM ensemble)
Short Digest
42c7fccd1df08380

Response Measures

Accommodated withdrawals

Description

The bank experienced a run in July 1893 and subsequently failed; Article 2 confirms it was in receivership by 1897.

Events (3)
1. August 15, 1890 Chartered
Source
historical_nic
2. July 28, 1893 Run
Cause
Local Banks
Cause Details
Suspension of the First National and Montana National banks in Helena triggered runs on all other city banks.
Measures
Paying cash promptly.
Newspaper Excerpt
A run is in progress on all *the other city banks. The banks are confident they can stand any run and are paying cash promptly.
Source
newspapers
3. September 1, 1897 Receivership
Newspaper Excerpt
J. Sam Brown, receiver of the defunct American National bank, writes from Helena, Mont., that he is now paying a dividend
Source
newspapers

Newspaper Articles (2)
1. July 28, 1893 The Madison Daily Leader Madison, SD
Article from The Madison Daily Leader, July 28, 1893

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Article Text

Helena Banks Suspend. HELENA, Mon., July 28.-The First National bank and the Montana National bank suspended. The First National had average deposits of $3,250,000 and the Montana National $1,500,000. Both banks have ample assets and will pay in full. A run is in progress on all *the other city banks. The banks are confident they can stand any run and are paying cash promptly.

2. September 1, 1897 The Guthrie Daily Leader Guthrie, OK
Article from The Guthrie Daily Leader, September 1, 1897

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Article Text

Paying His Creditors. J. Sam Brown, receiver of the defunct American National bank, writes from Helena, Mont., that he is now paying a dividend of 10 per cent to creditors of said bank. This makes 70 per cent that has been paid. Parties who hold claims can send their receipts, together with their certificates, and he will send them a check on the assistant treasurer of New York.