Thompson State Bank (Thompson Falls, MT)

Episode Information

Episode UID
93025571489
Episode Type
Suspension → Closure
Bank Type
state
Bank ID
9302557 routing
Routing Number
93-0255
Start Date
January 30, 1924
Location
Thompson Falls, Montana (47.597, -115.344)

Metadata

Model
gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
88c82165e251243b

Response Measures

None

Description

Bank closed in late Jan 1924 and by 1927 a receiver is recorded for the institution.

Events (3)
1. January 30, 1924 Suspension
Cause
Bank Specific Adverse Info
Cause Details
Closed Jan. 30, 1924 along with other Montana state banks; closure indicates insolvency/financial failure rather than a mere rumor.
Newspaper Excerpt
Several other banks in western Montana were closed Saturday following the closing Friday of the American Bank and Trust company here... the Thompson State Bank at Thompson Falls ... closed Saturday.
Source
newspapers
2. January 31, 1924 Other
Newspaper Excerpt
These suits are filed for the recovery of county funds deposited in these banks, all of which are at present closed. The amount of county funds in each bank is as follows: Thompson State bank $57,118.50; ... All the banks are bonded ... Attachments have been filed on all the bondsmen's bank accounts, real estate and personal property that could be found.
Source
newspapers
3. March 14, 1927 Receivership
Newspaper Excerpt
It is now held by George K. Dick, receiver for the American bank, A S. Ainsworth, receiver for the Thompson State bank of Thompson Falls, and the Farmers' & Merchants' bank of Dixon, and by Joseph Haugen of Missoula.
Source
newspapers

Newspaper Articles (3)
1. January 31, 1924 Plainsman Plains, MT
Article from Plainsman, January 31, 1924

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Article Text

SANDERS COUNTY STARTS ACTION Sanders county, through its treasurer, Miss Gladys Brown, has filed suit against the Thompson State Bank of Thompson Falls, the Farmers and Merchants State bank of Plains and the Farmers and Merchants State bank of Dixon. The state bank examiner is also made a defendant in each case. These suits are filed for the recovery of county funds deposited in these banks, all of which are at present closed. The amount of county funds in each bank is as follows: Thompson State bank $57,118.50; Farmers and Merchants State bank of Plains $53,720.35; Farmers and Merchants State bank of Dixon $33,000. All the banks are bonded, the Thompson bank for $47,000 and the Plains and Dixon banks for $50,000 and $30,000, respectively. Attachments have been filed on all the bondsmen's bank accounts, real estate and personal property that could be found. refreshments were served. A splendid time was reported by all who attended.

2. February 1, 1924 The Producers News Plentywood, MT
Article from The Producers News, February 1, 1924

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Article Text

THREE MORE BANKS CLOSE IN MONTANA OTHER WESTERN MONTANA INSTITUTIONS REPORTED IN STATE OF SUSPENDED ANIMATION. Missoula, Jan. 30.-Several other banks in western Montana were closed Saturday fallowing the closing Friday of the American Bank and Trust company here. The institutions affected were the Farmers' and Merchants' bank at -Plaine, the Thompson State Bank at Thompson Falls and the First National Bank at Ronan. John Dahlgren. president of the bank that closed here, is president also of two of the banks that failed to open their doors Saturday. Mr. Dahlgren says, however, that there is no connection between the smaller banks and the American Bank and Trust company. All of the banks that closed Saturday, excepting two, are state institutions.

3. March 14, 1927 The Missoula Sentinel Missoula, MT
Article from The Missoula Sentinel, March 14, 1927

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Article Text

BLACKFOOT RANCHERS FOR LAND NEAR POTOMAC J. A. Swanson and M. D. Flynn Rivals in Court Today. Spirited bidding took place in the court of Judge Lentz this morning between M. D. Flynn and J. A. Swanson, Blackfoot ranchers, for the purchase of what is known as the Flynn property near Potomac. It is now held by George K. Dick, receiver for the American bank, A S. Ainsworth, receiver for the Thompson State bank of Thompson Falls, and the Farmers' & Merchants' bank of Dixon, and by Joseph Haugen of Missoula. Mr. Flynn's opening bid was $22,300 which Mr. Swanson raised to $22,500. At this point the court took the bids under advisement until Wednesday morning at 10 o'clock. Petition to seli the property had previously been given to the receivers and Mr. Haugen.