Articles indicate the State Bank of Plentywood was insolvent and placed in receivership (Fred Ibsen). No articles describe a depositor run; instead there are legal notices calling it an insolvent banking corporation and a receiver disposing of bank property. Therefore this is a suspension/closure with receivership.
Events (2)
1.March 13, 1931Receivership
Newspaper Excerpt
The land was in the hands of Fred Ibsen, receiver of the State Bank of Plentywood, and the consideration was $1,500.
Source
newspapers
2.November 20, 1931Suspension
Cause
Government Action
Cause Details
Bank declared insolvent and placed in receivership as indicated by repeated legal notices naming a receiver.
Newspaper Excerpt
STATE BANK OF PLENTYWOOD, an insolvent banking corporation, and FRED IBSEN, Receiver thereof!
Source
newspapers
Newspaper Articles (5)
1.March 13, 1931The Producers NewsPlentywood, MT
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Article Text
PLENTYWOOD BUYS AIRPORT GROUNDS Plentywood has purchased 90 acres of land south of the track and east of and adjoining the city, a part of the old Goodman farm, for an airport. The land was in the hands of Fred Ibsen, receiver of the State Bank of Plentywood, and the consideration was $1,500. Work will be commenced as soon as practicable to put the port in shape with a beacon light at each end. Plentywood now has an airport area adequate for the needs of a town ten times its size for years to come. The deal has been in the air for some time, and the offer of the land was finally accepted at the Monday evening meeting of the city council.
GEORGE F. KNAPP and EMMA
KNAPP, his wife; STATE BANK
....OF PLENTYWOOD, an insolvent
banking corporation, and FRED
IBSEN, Receiver thereof! and
HARRY BRIGHTSMAN,
Defendants.
GEORGE F. KNAPP and EMMA KNAPP, his wife; STATE BANK ....OF PLENTYWOOD, an insolvent banking corporation, and FRED IBSEN, Receiver thereof! and HARRY BRIGHTSMAN, Defendants.
GEORGE F. KNAPP and EMMA KNAPP, his wife; STATE BANK OF PLENTYWOOD, an insolvent banking corporation, and FRED IBSEN, Receiver thereof! and HARRY BRIGHTSMAN, Defendants.
GEORGE F. KNAPP and EMMA KNAPP, his wife; STATE BANK OF PLENTYWOOD, an insolvent banking corporation, and FRED IBSEN, Receiver thereof! and HARRY BRIGHTSMAN, Defendants.
