Multiple newspapers (Nov 1925) report the First National Bank of Polson had been closed about a year and a half and under a receiver; R. C. Riddick resigned as receiver and J. M. Swan succeeded him. No articles describe an actual depositor run; the bank remains in receivership (i.e., closed). Closure likely occurred ~May 1924 (derived from 'a year and half ago' in Nov 1925), but exact suspension date is not given in the articles.
Events (4)
1.June 16, 1909Chartered
Source
historical_nic
2.March 22, 1924Receivership
Source
historical_nic
3.May 1, 1924*Suspension
Cause Details
Articles state the bank 'closed a year and half ago' but give no specific cause for the suspension.
Newspaper Excerpt
R. C. Riddick ... has been receiver of the First National bank in Polson since it closed a year and half ago.
Source
newspapers
4.November 2, 1925Receivership
Newspaper Excerpt
The receivership of the First National bank in Polson has been taken by M. Swan of Ronan since the resignation of R. Riddick ... Mr. Swan ... will handle the affairs of all three banks. He will be assisted by C. D. Livingston.
Treasure State News
COUNTY 1100 ACRES INDIAN LANDS AT
Sale at Dixon Agency Brings Higher Prices Than the Appraisals.
Polson. Nov. 2.-Special sale of Indian lands was held at the Dixon Indian Agency Monday under the supervision of E. Coe superintendent of the agency. Fourteen pieces of land were sold to the highest bidder. number of these tracts there several bidders and practically all of was sold at prices higher than the appraised value. The highest price paid for 88 acres in the Arlee district which sold for It was purchased by woman from Missoula. The fourteen pieces sold totalled 1,100 acres. Three tracts were in the Arlee district, five the Ronan district and six in the Polson district. All of the land is under irrigation. It is stated that much of this land has not been in cultivation for number of years and belonged to dead or incompetent Indians. was for the most part by reliable farmers whose land adjoined. Many see in the sale an upward tendency for better conditions in this locality as has been felt by white settlers that the vast tracts of land belonging to Indians which have not been cultivated for number of years and allowed to produce mustard and other weeds, were serious menace to the thrifty farmer across the road. The buyers for the 1,100 acres of land were. Hughes, Polson: A. at Geisert. Elmo: Mike Eeuli, Elmo: Mrs. Lee Butcher, Polson: D. Louise Wentworth. Polson; E. Clauffey, Polson; M. Doyle, St. Ignatius: E. Bjkrantz, St. Ignatius; Cora Martin, Missoula: Mable Martin, Missoula; Emil Maldurg. Ronan, James Axelson, Ravalli, and Elsie Shoemaker, Missoula.
Polson Couple Married.
Miss Anita Henningson and Pete Smith were united in marrage at the Presbysterian Manse Thursday evening. Rev. H. A. Brown preformed the ceremony. The young couple were tended by Mr. and Mrs. John Hughes. It was surprise their friends. Both were at work as usual on Friday.
Marriage Licenses Issued.
Marriage licenses were Issued this week fn the clerk of the court's office to Sapiell Michell of Ronan and Louise Tillpah of St. Ignatius: and to M. Thill of Charlo and Ilo Reibe of
New Bank Receiver.
The receivership of the First National bank in Polson has been taken by M. Swan of Ronan since the resignation of R. Riddick who has been the for the past year and half. Mr. Swan is also ceiver of the defunct First National banks at Ronan and Charlo and will handle the affairs of all three banks. He will be assisted by C. D. Livingston.
2.November 13, 1925The ValerianValier, MT
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Article Text
Receiver for Three Banks
Riddick, who has been receiver of the First National bank Polson since closed year and half has resigned and has been succeeded Swan, who is of the by First National banks Ronan and Charlo. Mr. Swan will handle the afof all three banks and will be fairs assisted by Livingston.
3.November 18, 1925The SearchlightHardin, MT
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Article Text
Receiver for Three Banks
R. Riddick, who been receiver the First National bank of Polson since closed year and half ago, has and has been succeeded Swan, who receiver the by First National banks at and Charlo. Mr. Swan handle the afof all three banks and will assisted by Livingston.
4.November 19, 1925Belt Valley TimesArmington, MT
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Article Text
Receiver for Three Banks Riddick, has been receiver the First National bank of Polson since closed and half ago, has resigned and has been Swan, who of the First National banks and Charlo. Mr. Swan will handle the fairs of all three banks and will assisted by Livingston.
5.November 19, 1925Jefferson Valley NewsWhitehall, MT
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Article Text
Receiver for Three Banks of the First National bank of Polson since closed year and half ago, has resigned and has been succeeded Swan. who receiver of the First National banks and Charlo. Mr Swan will handle the affairs of three banks and assisted by Livingston.
Receiver for Three Banks
R. C. Riddick. who has been receiver of the First National bank of Polson since it closed a year and a half ago, has resigned and has been succeeded by J. M. Swan, who is receiver of the First National banks at Ronan and Charlo. Mr. Swan will handle the affairs of all three banks and will be assisted by C.D. Livingston.
7.November 20, 1925The Ismay JournalIsmay, MT
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Article Text
Receiver for Three Banks
R. C. Riddick, who has been receiver of the First National bank of Polson since it closed a year and a half ago, has resigned and has been spcceeded by J. M. Swan, who is receiver of the First National banks at nan and Charlo. Mr. Swan will handle the affairs of all three banks and will be assisted by C. D. Livingston.
8.November 20, 1925Plevna HeraldPlevna, MT
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Article Text
Receiver for Banks
Riddick, who has of the First National bank of Polson since closed year and half has and Swan, who receiver the First National banks Ronan and Charlo. Mr. Swan will handle the fairs of all three banks and will be assisted by Livingston.
9.November 20, 1925The Mccone County NewsCircle, MT
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Article Text
Receiver for Three Banks
Riddick, has been receiver National bank Polson the First closed and half since year and has been succeeded has resigned who receiver of the Swan, banks at Ronan and First National Mr. Swan will handle the Charlo. banks and will be all three fairs Livingston. assisted
10.November 27, 1925The Richey PilotRichey, MT
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Article Text
Receiver for Three Banks
R. C. Riddick, who has been receiver of the First National bank of Polson since it closed a year and a half ago, has resigned and has been succeeded by J. M. Swan, who is receiver of the First National banks at and Charlo. Mr. Swan will handle the affairs of all three banks and will be assisted by C. D. Livingston.
