Mission State Bank (St Ignatius, MT)

Episode Information

Episode UID
93031471572
Episode Type
Suspension → Closure
Bank Type
state
Bank ID
9303147 routing
Routing Number
93-0314
Start Date
December 23, 1930
Location
St Ignatius, Montana (47.320, -114.094)

Metadata

Model
gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
4c38a36e23f058aa

Response Measures

None

Description

Closure ordered by state bank examiner due to frozen assets; later liquidated with dividends paid.

Events (2)
1. December 23, 1930 Receivership
Newspaper Excerpt
The Mission State bank of St. Ignatius, closed December 23, 1930. Five per cent dividend ... This is the fourth dividend and 25 per cent has been paid.
Source
newspapers
2. December 23, 1930 Suspension
Cause
Government Action
Cause Details
State bank examiner announced closure due to frozen assets
Newspaper Excerpt
Frozen assets caused the Mission State bank at St. Ignatius to close Its doors, Wednesday. George M. Robertson, state bank examiner, announced yesterday
Source
newspapers

Newspaper Articles (3)
1. December 26, 1930 The Independent-Record Helena, MT
Article from The Independent-Record, December 26, 1930

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Article Text

BANK AT ST. IGNATIUS CLOSED ON WEDNESDAY Frozen assets caused the Mission State bank at St. Ignatius to close Its doors, Wednesday. George M. Robertson. state bank examiner, announced yesterday Robertson said that the deposits amounted to approximately $150.000. The bank was looted of sev. eral thousand dollars in June. 1929. The robbers later were captured near Montana City and sentenced to the state penitentiary for robhing the Ronan bank 606. or about four people to the square mile Sincere attempts to enforce the fish and game laws in this vast area have been made by 27 deputy game wardens. Few states in the union have reached achievements of Pennsylvania That state has an area of 45.126 square miles, a population above 10,000.000 and estimated wealth of nearly 30 billion dollars as against the two and quarter billion dollars estimated for Montana by the World Yet Montana. with her enormous domain, is the summer playground of thousands of eastern visitors, as well as resident sportsmen and in 1929 the sale of resident hunting and fishing licenses in Montana reached the peak with a total of 83,388, with non-resident licenses showing an equal increase.

2. October 4, 1934 The Mineral Independent Superior, MT

Article Text

SUPERIOR BANK TO PAY DIVIDEND 10 PER CENT DIVIDEND WILL BE PAID EARLY THIS MONTH. George H. Kirk, liquidating agent for the Superior state bank, has announced that another dividend of 10 per cent will be payable on October 12 to the creditors of the local bank. This will make the total dividends 85 per cent and will be welcome news to those who hold certificates against the institution. During his visit in Superior Mr. Kirk made the statement that in his opinion the local bank will pay dollar for dollar by the time the affairs of the bank are liquidated. This seems to be a record for any bank that failed during the depression and it must speak well for Superior and the people who made good their losses and helped to make such a condition possible. Credit is also due the state banking department for the efficient manner in which closed banks are being managed. Under the old system of appointing a bank receiver it would be impossible to make such a showing. The following article taken from the press reports from Helena show what is going on with other banks. Helena, Oct. 3.—Dividends of nearly $30,000 to the depositors of five closed Montana state banks were announced recently by Frank Johnson, state bank superintendent. Liquidating agents, George Kirk, L. D. Jackson and D. C. Bradley, will make the depositor and creditor payments. The dividends included: First State bank of Philipsburg, closed February 12, 1930; 5 per cent $9,529.50; this was the seventh dividend and a total of 65 per cent has been repaid. The Mission State bank of St. Ignatius, closed December 23, 1930. Five per cent dividend of $6,620.42. This is the fourth dividend and 25 per cent has been paid.

3. October 4, 1934 The Mineral Independent Superior, MT

Article Text

The Mission State bank of St. Ignatius, closed December 23, 1930. Five per cent dividend of $6,620.42. This is the fourth dividend and 25 per cent has been paid. Superior State bank of Superior. Closed August 26, 1932. Dividend of ten per cent or $2,976.60. This was the fifth dividend and 85 per cent has been repaid the depositors and creditors.