gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
391961c1f57303ad
Response Measures
None
Receivership Details
Depositor recovery rate
31.5%
Date receivership started
1924-02-09
Date receivership terminated
1928-12-20
OCC cause of failure
Economic conditions
Share of assets assessed as good
14.0%
Share of assets assessed as doubtful
70.6%
Share of assets assessed as worthless
15.4%
Description
Suspension reported Jan 30, 1924; receivership (government-appointed) recorded shortly after (official receivership date used).
Events (4)
1.October 4, 1910Chartered
Source
historical_nic
2.January 30, 1924Suspension
Cause
Local Banks
Cause Details
Closed following the recent closing of the American Bank and Trust and other western Montana institutions, indicating contagion from other local bank failures.
Newspaper Excerpt
The institutions affected were ... the First National Bank at Ronan.
Source
newspapers
3.February 9, 1924Receivership
Source
historical_nic
4.February 9, 1924Receivership
Newspaper Excerpt
First National Bank of Ronan, Montana, and James M. Swan as Receiver of the First National Bank of Ronan, a corporation, Defendants.
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.
2.February 7, 1924Lake County HeraldPolson, MT
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Article Text
County Funds In Closed Banks.
Lake county had comparatively small deposits in the Farmers & Merchants bank of Pablo and the First National bank of Ronan, both of which closed their doors last week. The amount held by the Pablo bank was approximately $3,000 and in the Ronan bank about $2,000. In both instances the county was indemnified by personal bonds.
Bondsmen and bankers of Pablo and Ronan appeared before the county commissioners regarding their liability in connection with the closed banks. The county commissioners are endeavoring to secure additional security to protect the county funds in the banks at time of their suspension.
3.November 13, 1925The ValerianValier, MT
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Article Text
Receiver for Three Banks
Riddick, who has been receiver of the First National bank Polson since closed year and half has resigned and has been succeeded Swan, who is of the by First National banks Ronan and Charlo. Mr. Swan will handle the afof all three banks and will be fairs assisted by Livingston.
4.November 19, 1925The Columbus NewsColumbus, MT
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Article Text
Receiver for Three Banks
Riddick. has been receiver the First National bank Polson since closed and half has resigned and has been succeeded Swan, who receiver of the First National banks Ronan and Charlo. Mr. Swan will handle fairs all three banks and will assisted by Livingston.
Receiver for Three Banks
Riddick, who has been receiver of the First National bank of Polson since closed and half and has been succeeded has resigned receiver of the Swan, First National banks at Ronan and Swan will handle the afCharlo. Mr. fairs of all three banks and will be assisted by Livingston.
Receiver for Three Banks who has been receiver the National bank Polson since closed year and half has resigned and has been succeeded by Swan, who receiver of the First National banks Ronan and Charlo. Mr. Swan will handle the fairs all three banks and will be assisted by Livingston.
7.November 20, 1925The Liberty County TimesChester, MT
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Article Text
Receiver for Three Banks who has been receiver Riddick, National bank of Polson of the First closed and half ago, since it year has been succeeded has resigned and receiver of the Swan, who by banks Ronan and First National Swan will handle the afCharlo. Mr. banks and will be of all three fairs by Livingston. assisted
8.November 20, 1925The Troy TribuneTroy, MT
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Article Text
Receiver for Three Banks
Riddick, has been receiver the First National bank of Polson since closed year and half has resigned and has been succeeded who the by First National banks at Ronan and Mr. Swan will handle the Charlo. of all three banks and will be assisted by C. Livingston.
9.November 20, 1925Plevna HeraldPlevna, MT
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Article Text
Receiver for Banks
Riddick, who has of the First National bank of Polson since closed year and half has and Swan, who receiver the First National banks Ronan and Charlo. Mr. Swan will handle the fairs of all three banks and will be assisted by Livingston.
Receiver for Three Banks Riddick. been receiver of the First National bank of Polson since closed year and half ago resigned and has been who receiver of the First National banks Ronan and Charlo. Mr. Swan will handle all three banks and will assisted by Livingston.
Receiver for Three Banks
R. who has been receiver of the First National bank of Polson since closed and half ago, has resigned and has been succeeded by is receiver of the First National banks at Ronan and Mr. Swan will handle the affairs of all three banks and will be assisted by Livingston.
of Missoula, a corporation, Plaintiff,
Jesse R. Winn and VS. Rachel Winn, his wife; Mission Valley Company, a corporation; First National Bank of Ronan, Montana, and James M. Swan as Receiver of the First National Bank of Ronan, a corporation, Defendants. The State of Montana Sends Greetings
Bank runs are almost always and everywhere a deterioration of bank fundamentals.
But not for you.
You are the measure-zero exception: great fundamentals, solid bank, and yet the Diamond Dybvig fairy spread its rumor. Depositors woke up. Your collateral was not prepositioned. The Clearinghouse had it for you.
Do not pass Go. Do not collect $200. Go directly to jail… or worse.
