10095. First State Bank (Joplin, MT)

Bank Information

Episode Type
Suspension โ†’ Closure
Bank Type
state
Start Date
July 11, 1923
Location
Joplin, Montana (48.561, -110.772)

Metadata

Model
gpt-5-mini
Short Digest
7181967f72eb2d55

Response Measures

None

Description

Multiple contemporaneous newspaper reports (July 11โ€“12, 1923) state the First State Bank of Joplin, MT, closed its doors and suspended, apparently as a result of the failure of the affiliated Stanton Trust & Savings Bank/Great Falls bank. Examiner Skelton (OCR also shows Ekelton in one article) took charge of related banks; articles indicate suspension and likely failure/receivership though a formal receiver assignment was still to be determined. Classified as suspension_closure because the bank closed and was reported suspended in connection with other bank failures.

Events (1)

1. July 11, 1923 Suspension
Cause
Local Banks
Cause Details
Closed reportedly as a result of the failure of the Stanton Trust & Savings Bank / the Great Falls bank with which it was affiliated; examiner took charge of related banks and Joplin suspended operations.
Newspaper Excerpt
the First State Bank of Joplin, affiliated with the Stanton bank, had closed is doors
Source
newspapers

Newspaper Articles (3)

Article from Casper Daily Tribune, July 11, 1923

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Article Text

ANOTHER AFFILIATED BANK IS CLOSED HELENA, July 11-L. Q. Skelton, State bank examiner returned today from Great Falls where he took charge of the Stanton Trust and Savings Bank and from Shelby, where the affairs of the first state bank at Shelby were placed in his hands, both banks having closed. On his return he stated that the First State Bank of Joplin, affiliated with the Stanton bank, had closed is doors, presumably as a. result of the failure of the Great Falls bank. The Joplin bank has deposits of about $40,000 and is cap. italized at $20,000. Examiner Skelton said he is forbidden by law to make any statements with reference to the condition of a bank placed in his hands. He said he would make a report to Governor Joseph M. Dixon probably within n. week and in that report probably would say whether in his opinion re. ceivers are necessary for the three banks or whether re-organizations and re-conditioning will be possible. The failure of the Shelby and Jop. lin banks are generally credited with


Article from The Alaska Daily Empire, July 12, 1923

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Article Text

THIRD MONTANA BANK SUSPENDS Joplin Institution Closes Doors in Montana as Result. Fourth Fight. HELENA, July 12.-The First State Bank of Joplin, Montana, affiliated with the Stanton Trust & Savings Bank, has closed its doors according to Bank Examiner Skelton, making the third bank to suspend.


Article from The Producers News, July 20, 1923

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Article Text

STATE BANK OF JOPLIN SUSPENDS Helena, July 11,-State Bank Examiner Ekelton, on his return from Great Falls, stated that the First State Bank of Joplin, affiliated with the Stanton bank of Great Falls, had closed its doors, presumably as the result of the failure of the Great Falls bank.