Sumatra State Bank (Sumatra, MT)

Episode Information

Episode UID
93032771490
Episode Type
Suspension → Reopening
Bank Type
state
Bank ID
9303277 routing
Routing Number
93-0327
Start Date
February 18, 1924
Location
Sumatra, Montana (46.618, -107.551)

Metadata

Model
gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
47869d0224fda72d

Response Measures

None

Events (3)
1. February 18, 1924 Suspension
Cause
Voluntary Liquidation
Cause Details
Bank closed voluntarily/suspended operations on February 18, 1924.
Newspaper Excerpt
the deposits which were in the bank's custody at the time of its suspension, February 18, 1924.
Source
newspapers
2. April 4, 1925 Reopening
Newspaper Excerpt
Sumatra State Bank again opened its doors for business last Saturday.
Source
newspapers
3. October 29, 1925 Other
Newspaper Excerpt
has enabled the Sumatra State bank to make the first payment of 25 per cent of the deposits which were in the bank's custody at the time of its suspension, February 18, 1924.
Source
newspapers

Newspaper Articles (5)
1. March 26, 1925 The Sumatra Record Sumatra, MT
Article from The Sumatra Record, March 26, 1925

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Article Text

Will Reopen Bank-Receiver Bob Ross of the Sumatra State Bank, is of the opinion that he will be ready to throw the doors of his banking institution open for business by May first. He has made application to the superintendent of state banks for permission to reopen the bank and there is no doubt but that his request will be granted. The bank was closed voluntarily about one year ago. Local friends of Bob trust that nothing will prevent him from getting his bank to functioning at the earliest possible date.-Ingomar Independent.

2. April 9, 1925 The Melstone Messenger Melstone, MT
Article from The Melstone Messenger, April 9, 1925

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Article Text

Sumatra Bank Again Live One Local people will appreciate the news that the Sumatra State Bank again opened its doors for business last Saturday. Due to the business sagacity and foresight of Cashier R. L. Ross this is one tank that closed its doors in time to save its depocitors a vast amount of money and also left the institution in shape for a more ready resumption of business. It is freely stated by those informed on matters of banking that the depositors of this bank will realize fully on their deposits on or before the three-year period for which they signed up to allow their deposits to remain. It is highly complimentary to the Sumatra community and to "Bob" Ross that this bank is again a going institution, and it is to be hoped that all concerned will use every precaution against "rocking the boat,' that it may have every advantage in recovering its oldtime confidence. The bank in question long enjoyeed a local confidence that will doubtless result in the placing with it again of Melstone accounts.

3. October 29, 1925 Belt Valley Times Belt, Armington, MT
Article from Belt Valley Times, October 29, 1925

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Article Text

# Claims Paid Before Due Excellent business as well as the unqualified support of the community, has enabled the Sumatra State bank to make the first payment of 25 per cent of the deposits which were in the bank's custody at the time of its suspension, February 18, 1924. The payment, officials of the bank announced, is not due until April 1, 1926, but the bank has prospered since It was reopened on April 4, 1925, and funds are now available to meet this account.

4. October 29, 1925 The Forsyth Independent Forsyth, MT
Article from The Forsyth Independent, October 29, 1925

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Article Text

Claims Paid Before Due Excellent business well as the qualified support of the community, has enabled the Sumatra bank make the first payment of 25 per cent of the deposits which in the bank's custody at the time of its pension, February 18. 1924. The payment, officials of the bank announced, not due until 1926, but the bank has prospered since reopened on April 1925, and funds are now available to meet this account.

5. October 29, 1925 The Sumatra Record Sumatra, MT
Article from The Sumatra Record, October 29, 1925

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Article Text

Claims Paid Before Due Excellent business as well the qualified support of the community, has enabled the Sumatra State bank to make the first payment 25 per of the deposits which in the bank's custody at the time of its suspension, February 18, 1924. The payment, officials of the bank announced, due until April 1926, but the bank prospered since reopened on April and funds are now available meet this account.