Article (Evening Star, 1930-12-28) reports Elling State Bank of Virginia City closed on Dec 27, 1930; cites frozen assets as the cause. No run or reopening mentioned.
Events (1)
1.December 27, 1930Suspension
Cause
Bank Specific Adverse Info
Cause Details
Bank closed due to frozen assets (illiquid or unusable assets leading to closure).
Newspaper Excerpt
The Elling State Bank of this city, capitalized at $50,000, closed yesterday. Frozen assets were assigned as the cause.
Source
newspapers
Newspaper Articles (1)
1.December 28, 1930Evening StarWashington, DC
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Article Text
Montana Bank Closed. VIRGINIA CITY, Mont., December 27 (A).-The Elling State Bank of this city, capitalized at $50,000, closed yesterday. Frozen assets were assigned as the cause.