Bank of Twin Bridges (Twin Bridges, MT)

Episode Information

Episode UID
93023671469
Episode Type
Suspension → Closure
Bank Type
state
Bank ID
9302367 routing
Routing Number
93-0236
Start Date
May 2, 1922
Location
Twin Bridges, Montana (45.544, -112.331)

Metadata

Model
gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
d773ec2509c19e79

Response Measures

None

Description

Bank closed May 2, 1922 and was placed in receivership; later receiver actions and dividend payments occurred but bank did not resume operations.

Events (5)
1. May 2, 1922 Receivership
Newspaper Excerpt
Bank of Twin Bridges (receiver bank), closed May 2, 1922; date last examined prior to closing, Feb. 1, 1922.
Source
newspapers
2. May 2, 1922 Suspension
Cause
Bank Specific Adverse Info
Cause Details
Bank failed/closed and was placed in receivership per state examiner report.
Newspaper Excerpt
Bank of Twin Bridges (receiver bank), closed May 2, 1922;
Source
newspapers
3. December 18, 1926 Other
Newspaper Excerpt
Immediate payment of dividends to depositors in the Bank of Twin Bridges ... Depositors of the Bank of Twin Bridges will be paid dividend of five per cent ... $12,000 will be paid in dividends to depositors in the Bank of Twin Bridges.
Source
newspapers
4. October 16, 1928 Other
Newspaper Excerpt
Twin Bridges Bank Receiver Files Quarterly Report; Judge Makes Order. Creditors of the bank of Twin Bridges will receive per cent dividend ... the receiver has on hand total ...
Source
newspapers
5. December 29, 1932 Other
Newspaper Excerpt
Discharge as receiver of the defunct Bank of Twin Bridges is sought in a petition filed ... by P. B. McClintock, receiver of the bank since it closed in 1924.
Source
newspapers

Newspaper Articles (6)
1. January 25, 1923 The Butte Miner Butte, MT
Article from The Butte Miner, January 25, 1923

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Article Text

REPORT RECEIVED REGARDING STATE'S BANK CONDITIONS (Staff Correspondence.) Helena, Jan. 24.—In compliance with a request made by the house after the adoption of a resolution by Burke of Fergus, asking for a detailed report on banking conditions in Montana, L. Q. Skelton, state bank examiner, today submitted such a report. The examiner's report shows that on Jan. 1, 1923, there were 259 incorporated state banks and seven private banks. During the year 1922, 22 state banks failed and closed their doors. Two of these banks have since reopened. His report also shows that the time of examination of banks before their failure ranged from 13 days to nine months and 29 days. The report in detail follows: State Banks Closed During Year 1922. Drummond State bank, Drummond, closed Jan. 16, 1922, reopened June 12, 1922; date last examined prior to closing, August 10, 1921. Treasure State bank, Hysham, now in hands department, closed Jan. 13, 1922; date last examined prior to closing, July 21, 1921. Milk River Valley bank, Glasgow, closed Jan. 18, 1922, reopened August 1, 1922; date last examined prior to closing, Jan. 5, 1922. Yellowstone Valley Bank & Trust Co., Sidney (receiver bank), closed March 22, 1922; date last examined prior to closing, March 6, 1922. State Bank, Stockett (receiver bank), closed April 3, 1922; date last examined prior to closing, Nov. 1, 1921. Bank of Twin Bridges (receiver bank), closed May 2, 1922; date last examined prior to closing, Feb. 1, 1922. Madison State, Virginia City (receiver bank), closed May 2, 1922; date last

2. June 1, 1923 The Madisonian Virginia City, MT
Article from The Madisonian, June 1, 1923

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Article Text

SHERIFF'S SALE By virtue of an Order of Sale in my hands, issued out of the district court of the Fifth judicial district of the state of Montana, in and for the county of Madison, in the suit of P. B. McClintock as receiver for the Bank of Twin Bridges against Charles G. Wilcomb and Florence M. Wilcomb, duly attested the 8th day of May, A. D. 1923, I have levied upon all the right, title and interest of the said Charles G. Wilcomb and Florence M. Wilcomb in and to the following described property, situated in the said county of Madison, and state of Montana, viz: The north half of the southwest quarter (N½SW¼), the north half of the southeast quarter (N½SE¼), and the northeast quarter (NE¼) of section twenty-four (24) in township four (4) south of range seven (7) west of Montana meridian in Montana, containing in all three hundred twenty acres. Also the east half of the northwest quarter (E½NW¼) and lots one (1) and two (2) of section nineteen (19) in township four (4) south of range six (6) west of the Montana meridian in Montana, containing in all one hundred sixty-eight and fourty-four hundredths (168 44-100) acres. Together with all water, water rights and rights of way. Notice is hereby given that on the 11th day of June, A. D. 1923, at the hour of 1:30 o'clock p. m. of said day, at the front door of court house, Virginia City, Madison county, Montana, I will sell all the right title and interest of the said Charles G. Wilcomb and Florence M. Wilcomb in and to the said above described property to the highest bidder for cash in hand. Given under my hand this, the 17th day of May, A. D. 1923. C. C. MONGOLD, Sheriff. First pub. May 18, 1923. 32-3

3. December 18, 1926 The Anaconda Standard Anaconda, MT
Article from The Anaconda Standard, December 18, 1926

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Article Text

CARROLL DIRECTS DISTRIBUTION TO BE MADE AT ONCE About $28,000 to Be Paid by Madison State Bank and Bank of Twin Bridges. Immediate payment of dividends to depositors in the Bank of Twin Bridges and the Madison State bank at Virginia City was ordered yesterday by Judge William E. Carroll, following conference with Edward P. Reid, receiver. Both banks were closed some time ago. Depositors of the Bank of Twin Bridges will be paid dividend of five per cent while those of the Virginia City bank will receive a dividend of eight per cent. About will be paid to depositors of the Virginia City bank and $12,000 will be paid in dividends to depositors in the Bank of Twin Bridges. to At the same time the dividend was declared E. P. Reid announced his resignation as receiver of the two institutions. The court appointed P. B. McClintock of Twin Bridges receiver of the Bank of Twin Bridges and Clifford Albright, of Virginia City, receiver the Madison State bank. Each will receive salary of $100 per month. Both men will qualify as receivers by filing bonds within the next few Mr. Reid surrendered his post because he is moving from Madison county. He is former county attorney of Madison and is throughout that section of Montana. He made no announcement of his plans for the future.

4. December 24, 1926 The Madisonian Virginia City, MT
Article from The Madisonian, December 24, 1926

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Article Text

BANK WILL PAY DIVIDENDS EDGAR REID, RECEIVER, RESIGNS: McCLINTOCK AND ALBRIGHT ARE APPOINTED Following conference Friday with E. Reid, receiver, Judge E. Carroll of Butte ordered the immediate dividends to depositors in the Bank of Twin Bridges and the Madison State bank of Virginia City, each of which has been closed for more than two years. A dividend of five cent will be paid to depositors the Twin Bridges bank, and those of the Madison State bank are to receive eight per cent. total of about in dividends will be paid to the Virginia City bank depositors and $12,000 to those who had their earnings in the Twin Bridges concern E. P. Reid tendered his resignation as for the two banks, stating that he plans to remove from the County the near future Mr. Reid known in Madison county, having been, one time, county attorney. He has, as yet, announced no definite plans for the future. Appoints New Receivors Clifford Albright of Virginia City was appointed receiver of the Madison State bank to fill the vacancy left by Mr. Reid, while McClintock of Twin Bridges was appointed to act in the same capafor the Bank of Twin Bridges. Each receiver will be paid salary of 8100 per month. Whatever became of the ioned girl who, at this time of year, dresser drawer full of doilies fancy work prepared for Christmas giving? Christmas savings funds enough to pick.

5. October 16, 1928 The Butte Daily Post Butte, MT
Article from The Butte Daily Post, October 16, 1928

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Article Text

BANK Twin Bridges Bank Receiver Files Quarterly Report; Judge Makes Order. Creditors of the bank of Twin Bridges will receive per cent dividend through an order of Judge William Carroll this afternoon, following the filing of the quarterly report Clintock, receiver of bank, in district court at Virginia City today. According to the report the receiver has on hand total which will take care of the dividend ordered paid. Claims of creditors, which have been verified by the receiver, amount The receiver has collected total $266,356.32 $342,450.61 termed "good" assets; $28,532.90 out of $112,590.51 termed "doubtful" assets, and of $144,428.06 termed "worthless" assets. This together with other assets collected total $319,129.64 out of total of Dividends previously paid to creditors of the bank amount to

6. December 29, 1932 The Butte Daily Post Butte, MT

Article Text

Seeks Discharge. Discharge as receiver of the defunct Bank of Twin Bridges is sought in a petition filed before Judge W. E. Carroll in district court by P. B. McClintock, receiver of the bank. McClintock, receiver of the bank since it closed in 1924. is affiliated now with the Regional Credit corporation at Helena.