Bank of Montrose - Montrose, MO

Bank Information

Episode Type: Suspension → Closure
Bank Type: state
Start Date: September 7, 1899
Location: Montrose, Missouri (38.258, -93.981)

Metadata

Model: gpt-5-mini
Short Digest: 0ab6b74b

Response Measures

None

Description

Article (Butler Weekly Times, 1899-09-07) reports W. L. McDonald as receiver of the Bank of Montrose and that he was paying a 50-cent dividend to depositors. This indicates the bank had been closed and placed in receivership (permanent closure). The short article does not mention a prior depositor run, so no run is recorded. I classify as suspension_closure because the bank is closed and in receivership. No dates of suspension or failure beyond the publication date are given.

Events (2)

1. September 7, 1899 Other

Newspaper Excerpt: Mr. McDonald deserves credit for the way he has handled the affairs of the Bank of Montrose—Montrose Democrat
Source: newspapers

2. September 7, 1899 Receivership

Newspaper Excerpt: W. L McDonald, receiver of the Bank of Montrose, assisted by Wm. F. Carter. Jr., of Clinton, was paying depositors a 50 cent dividend Tuesday and Wednesday.
Source: newspapers

Newspaper Articles (1)

1. September 7, 1899 The Butler Weekly Times Butler, MO

Article from The Butler Weekly Times, September 7, 1899

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Article Text

W. L McDonald, receiver of the Bank of Montrose, assisted by Wm. F. Carter. Jr., of Clinton, was paying depositors a 50 cent dividend Tuesday and Wednesday. Mr. McDonald deserves credit for the way he has handled the affairs of the Bank of Montrose—Montrose Democrat