Farmers & Merchants State Bank (Saco, MT)

Episode Information

Episode UID
93037071529
Episode Type
Run โ†’ Suspension โ†’ Closure
Bank Type
state
Bank ID
9303707 routing
Routing Number
93-0370
Start Date
May 16, 1927
Location
Saco, Montana (48.457, -107.343)

Metadata

Model
gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
578f07fd6c3773a3

Response Measures

None

Description

Publication dates imply the bank failed to open on Monday, May 16, 1927; later records (1931 sheriff's sale) show a receiver/liquidating officer.

Events (3)

1. May 16, 1927 Run
Cause Details
Reported slow run with sustained withdrawals leading to liquidity stress; no specific rumor or external shock identified.
Newspaper Excerpt
It is reported that the closing is the result of a slow run.
Source
newspapers
2. May 16, 1927 Suspension
Cause Details
Bank did not open for business (closed) following the slow run; closure appears permanent.
Newspaper Excerpt
The Farmers & Merchants' bank at Saco did not open for business Monday morning.
Source
newspapers
3. January 10, 1931 Receivership
Newspaper Excerpt
Receiver Barnes and Liquidating Officer Banks Farmand Merchants State Bank of Saco
Source
newspapers

Newspaper Articles (7)

Article from The Shelby Promoter, May 19, 1927

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Article Text

SACO BANK CLOSES. MALTA, May 18.-The Farmers & Merchants' bank at Saco did not open for business Monday morning, according to word received in Malta. It is reported that the closing is the result of a slow run. The bank was reorganized last fall with Harry Vagg president and F. D. Baer as cashier. This leaves the town of Saco without bank, as the First National bank there closed last June.


Article from The Nashua Independent, May 19, 1927

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Article Text

BANK AT SACO CLOSES FOLLOWING SLOW RUN The Farmers' and Merchants bank at Saco did not open for business Monday morning, according to word received in Malta. It 15 reported that the closing is the result of a slow run. The bank was organized last fall, with Harry Vagg, president, and F. D. Baer as.cashier. This leaves the town of Saco without a bank, as the First National Bank there closed last June.- Tri-


Article from The Glasgow Courier, May 20, 1927

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Article Text

FARMERS AND MERCHONTS BANK AT SACO IS CLOSED The Farmers' and Merchants' bank at Saco did not open for business Monday morning. It is reported that the closing is the result of slow run. The bank was reorganized last fall, with Harry Vagg, president, and F. D. Baer as cashier. This leaves the town of Saco without bank, as the First National bank there closed last June.


Article from Hysham Echo, May 26, 1927

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Article Text

SLOW RUN CLOSES STATE BANK, LAST ONE AT SACO The Farmers' and Merchants' bank at Saco did not open for business Monday morning, according to word received in Malta. It is reported that the closing is the result of a slow run. The bank was reorganized last fall, with Henry Vagg, president, and F. D. Baer as cashier. This leaves the town of Saco without bank, as the First National bank there closed last June.


Article from The Producers News, May 27, 1927

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Article Text

BANK AT SACO CLOSES FOLLOWING RUN * * * * * * * * Malta. - The Farmers' and * Merchants' bank at Saco did not open for business Monday morning, according to word received * in Malta. It is reported that the * closing is the result of a slow run. The bank was reorganized last fall, with Harry Vagg, president, and F. D. Baer as cashier. * This leaves the town of Saco * without a bank, as the First National bank there closed last June,


Article from The Producers News, May 27, 1927

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Article Text

BANK AT SACO CLOSES FOLLOWING RUN Malta. The Farmers' and Merchants' bank Saco did not open for business Monday mornaccording to word received Malta. reported that the closing the result of The bank was reorganized last fall, with Harry Vagg, president, and D. Baer as cashier. This the town Saco without bank, as the First National bank there closed last June,


Article Text

SHERIFF'S SALE Jennie Galland, Bessie Cohen, Rose Cohen, and Family Welfare Association, a corporation, Plaintiffs, Otto Johnson, also known as Otto Johnson, Maud Johnson, his wife; Barnes Brothers, Receiver Barnes In and Merchants Saco, and RobertLiquidating Officer Banks Farmand Merchants State Bank of Saco, a corporation, sold at Sheriff's Defendants. the the House 10th January, 1931, M., the property: Seption Eighteen Township North Range three East the Principal Meridian, together the and appurtenances Dated this 10th day December, 1930. CAMPBELL Sheriff James for plainGlasgow, Montana. (Dec. 11-Jan. 1). NOTICE In the District of the SevenJudicial State of Montana, in and for the County In of the Estate of Stoerk S. Bratager, Deceased. that D. Borton, has filed in his for probate the will Johan also as deceased, as the Borton the will and the has fixed January 1931 house the place hearing the time interested appear and object except to the any (Court PORTER Clerk said court.