Merchants National Bank

Bank Information

Episode Type: Suspension → Closure
Bank Type: national
Bank ID: 2732
Charter Number: 2732
Start Date: *
Location: Helena, Montana (46.593, -112.036)

Metadata

Model: gpt-5-mini
Short Digest: 5b3819dc0bd7bb47

Response Measures

None

Receivership Details

Depositor recovery rate: 66.0%
Date receivership started: 1897-06-02
Date receivership terminated: 1903-06-17
OCC cause of failure: Losses
Share of assets assessed as good: 37.3%
Share of assets assessed as doubtful: 45.4%
Share of assets assessed as worthless: 17.3%

Description

Article (1904-03-23) reports Eugene T. Wilson had been receiver of the First and Merchants National banks at Helena and 'winding up both trusts' satisfactorily — indicating these banks had been placed in receivership and closed. The piece gives no details of a run or of suspension dates, only that the receiver wound up the institutions prior to ~1903. No evidence of reopening.

Events (3)

1. June 14, 1882 Chartered

Source: historical_nic

2. June 2, 1897 Receivership

Source: historical_nic

3. * Receivership

Newspaper Excerpt: Mr. Wilson was formerly national bank examiner and from 1895 until about a year ago was receiver of the First and Merchants National banks at Helena, Mont., winding up both trusts in a highly satisfactory manner to the depositors and government.
Source: newspapers

Newspaper Articles (1)

1. March 23, 1904 The Yakima Herald Yakima, WA

Article from The Yakima Herald, March 23, 1904

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Article Text

Police Justice Lynch last Friday morning gave a tramp named Olson a fine of $99 and costs. He was locked up for drunkenness the night before and destroyed the stove and some of the other fixtures at the city jail. The police have received a letter from Alex Mosher of Glen Falls, N. Y., trying to locate his brother. Louis Mosher, who is thought to have located in this valley. It is represented that there is some money due him at his former home and his people are anxious to locate him. J. E. Shannon has purchased a section of land in the Cowiche valley known as the J. 11. Laswell farm. together with 20 head of milch cows, the purchase price being $4,350. Mr. Shannon expects to conduct the place as a dairy farm. The sale was made through Fechter & Janeek. A space writer in the Seattle Star reports that the earthquake shock on the Sound last Wednesday night was plainly felt here and that it badly frightened the people. The correspondent who sent out such rot should change the brand of dope he is using. There were no indications of an earthquake in North Yakima. Cards have been received in the city announcing the marriage at Moscow. Idaho, March 16. of Chester Everett Walton to Miss Eva Venetia Smith. who will be at home at Leadville, Col., after April 1. The groom is the son of Walter Walton. formerly in the hardware business in this city. and the bride is the daughter of Mr. and Mrs. R. M. Smith. who also formerly resided here. Their North Yakima friends wish them much joy. Eugene T. Wilson of Seattle was in the city last week. Mr. Wilson was formerly national bank examiner and from 1895 until about a year ago was receiver of the First and Merchants National banks at Helena. Mont.. winding up both trusts in a highly satisfactory manner to the depositors and government. He formerly lived in Ellensburg and was prominent in republican polities in the state in the early nineties.