First National Bank - Ingomar, MT

Bank Information

Episode Type: Suspension → Closure
Bank Type: national
Bank ID: 11465
Charter Number: 11465
Start Date: March 20, 1926
Location: Ingomar, Montana (46.577, -107.372)

Metadata

Model: gpt-5-mini
Short Digest: 17676206b65aa59c

Response Measures

None

Receivership Details

Depositor recovery rate: 1.0%
Date receivership started: 1922-08-14
Date receivership terminated: 1928-12-15
OCC cause of failure: Governance
Share of assets assessed as good: 15.9%
Share of assets assessed as doubtful: 45.1%
Share of assets assessed as worthless: 39.0%

Description

Article (Ingomar Independent, 1926-03-20) states Major S. G. Reynolds is receiver of the First National Banks of Ingomar and Forsyth. No mention of a run; receiver indicates the bank was closed/placed in receivership. Classified as suspension leading to closure (receivership).

Events (3)

1. October 1, 1919 Chartered

Source: historical_nic

2. August 14, 1922 Receivership

Source: historical_nic

3. March 20, 1926 Receivership

Newspaper Excerpt: Major S. G. Reynolds, receiver of the First National Banks of Ingomar and Forsyth, ... were here Friday ... looking after business matters.
Source: newspapers

Newspaper Articles (1)

1. March 20, 1926 Ingomar Independent Ingomar, MT

Article from Ingomar Independent, March 20, 1926

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Article Text

BANKERS VISIT INGOMAR Major S. G. Reynolds, receiver of the First National Banks of Ingomar and Forsyth, R. D. Mountain, president of the American National Bank of Forsyth and A. D. Raymond, local field representative of the Merchants National Bank of Saint Paul, were here Friday from the county seat metropolis looking after business matters.