10048. First National Bank (Havre, MT)

View Charter #5676 on SPMC

Bank Information

Episode Type
Suspension → Closure
Bank Type
national
Bank ID
5676
Charter Number
5676
Start Date
February 8, 1907
Location
Havre, Montana (48.550, -109.684)

Metadata

Model
gpt-5-mini
Short Digest
b3f8d6de7f96eaf5

Response Measures

None

Description

Articles mention a small, non-serious run reported in Feb 1907 that developed into only a few small withdrawals. Separately, the bank failed in 1923 and had a receiver in charge (W. M. Wayman) from that failure until a new receiver was appointed in 1927, so the ultimate outcome was suspension/closure with receivership. There is no article evidence that the 1907 run led to suspension, nor that the failure in 1923 was preceded by a run in these excerpts.

Events (5)
1. January 11, 1901 Chartered
Source
historical_nic
2. February 8, 1907 Run
Cause
Rumor Or Misinformation
Cause Details
A reported 'run' around the city that amounted only to a few small depositors withdrawing funds; presented as not serious or systemic.
Newspaper Excerpt
the run on the First National bank, which was reported about the city but developed into nothing more than a desire on the part of some few small depositors to withdraw their money and was not considered at the time worthy of notice.
Source
newspapers
3. February 6, 1909 Voluntary Liquidation
Source
historical_nic
4. January 1, 1923* Suspension
Cause Details
The institution failed in 1923 (no cause given in the excerpt); led to appointment of a receiver.
Newspaper Excerpt
W. M. Wayman, who has been in charge since the failure of the institution in 1923.
Source
newspapers
5. February 22, 1927 Receivership
Newspaper Excerpt
Shelby-Frank Browne, receiver of a number of defunct banks in the eastern part of the state, took charge of the First National here, today, relieving W. M. Wayman, who has been in charge since the failure of the institution in 1923.
Source
newspapers

Newspaper Articles (2)
1. February 8, 1907 The Havre Herald Havre, MT
Article from The Havre Herald, February 8, 1907

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Article Text

A friend of the Man tells him an amusing incident which happened last week in connection with the "run" on the First National bank, which was reported about the city but developed into nothing more than a desire on the part of some few small depositors to withdraw their money and was not considered at the time worthy of notice. It seems that a working man 0

2. February 22, 1927 The Hill County Sunday Journal Havre, MT
Article from The Hill County Sunday Journal, February 22, 1927

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Article Text

DEPUTY COLLECTOR DATES LOCAL MAN APPOINTED AT HAVRE SET FOR MARCH SHELBY BANK RECEIVER The Treasury department announees that Deputy Collector Harry L. Short will be at the Court House in Havre on March 1 to 4 and March 7 to 15, from 9 to 5 p. m., to assist with the and making returns. The deputy collector will give every assistance to parties SO that returns can be filed on time and be made out correctly. Shelby-Frank Browne, receiver of a number of defunct banks in the eastern part of the state, took charge of the First National here, today, relieving W. M. Wayman, who has been in charge since the failure of the institution in 1923. Besides the local bank, Mr. Browne takes over the entire affairs of the Cut Bank and Joplin banks. The affairs of all these banks are in the last stages of adjudication and the change was made in the interests of economy as the business will be handled by Mr. Browne from his headquarters in Havre. This move has been desired by Mr. Wawman for some time past. Mr. Wayman has not yet decided the course of his future activities but it is hoped that he may find something to interest him here so that he will remain.- C. D. Coover will retain his present position in the bank for some time.