Farmers National Bank - Big Sandy, MT

Episode Information

Episode UID: 1106301484
Episode Type: Suspension → Closure
Bank Type: national
Bank ID: 110630 national
Charter Number: 11063
Start Date: August 10, 1923
Location: Big Sandy, Montana (48.179, -110.112)

Metadata

Model: gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest: 46723010a98b497b

Response Measures

None

Receivership Details

Depositor recovery rate: 10.5%
Date receivership started: 1922-01-03
Date receivership terminated: 1925-09-30
OCC cause of failure: Losses
Share of assets assessed as good: 18.8%
Share of assets assessed as doubtful: 28.3%
Share of assets assessed as worthless: 52.9%

Description

Article lists a named individual as 'national bank receiver' for First National and Farmers' National of Big Sandy, implying receivership/closure.

Events (3)

1. August 17, 1917 Chartered

Source: historical_nic

2. January 3, 1922 Receivership

Source: historical_nic

3. August 10, 1923 Receivership

Newspaper Excerpt: Arthur J. Merrill, national bank receiver, First National and Farmers' National of Big Sandy.
Source: newspapers

Newspaper Articles (1)

1. August 10, 1923 The Great Falls Leader Great Falls, MT

Article from The Great Falls Leader, August 10, 1923

Click image to open full size in new tab

Article Text

BANKERS FROM ALL MONTANA REGISTER AS SESSION OPENS Headquarters for the bankers were established in the lobby of the Rainbow hotel where handsome badges with the programs for the convention were handed to each delegate as he registered. Those who had registered with their banking connections and their home town up to 2 p. m. today were as follows: Anaconda—M. A. Fulmor, cashier Anaconda National bank, Mrs. M. A. Fulmor. Big Sandy—Arthur J. Merrill, national bank receiver, First National and Farmers' National of Big Sandy. Belgrade—E. L. Heidel, cashier Belgrade State bank, Mrs. E. L. Heidel. Belfry—J. D. Higham, cashier Bank of Belfry. Billings—Elroy H. Westbrook, Midland National bank. Brady—F. F. Lewis, president First National bank of Brady. Butte—J. L. Carroll, director Miners' Saving bank; J. E. Woodard, president Metals Bank & Trust company; H. O. Malsburg, director U. S. Building & Loan association. Chicago, Ill.—W. M. Taylor, representing Continental & Commercial National bank; Abner J. Stilwell, assistant cashier Continental & Commercial National bank; Harvey Pickrel, representing First National bank of Chicago; Miss Virginia Pickrel. Conrad—Wm. A. Bell, vice president Pondera Valley State bank, J. F. Kumpf, vice president Farmers' State bank. Culbertson—H. C. Skarie, cashier State bank of Culbertson. Denver, Colo.—Fred P. Marvin, Mountain States bank. Dillon—Frank Hazelbaker, director First National bank. Dixon—H C. Jackson, cashier Farmers' and Merchants' State bank. Fort Benton—F. E. Stranahan, president Stockmens' National bank. Glendive—J. P. Schaeffer, vice president Glendive State bank; R. E. Herrick, vice president Exchange State bank. Greybull, Wyo.—C. J. Williams, president First National bank. Havre—F T. Merrill, cashier Montana National bank; C. F. Morris, vice president Security State bank. Hamilton — C. H. Raymond, cashier Ravalli County bank. Helena—N. J. Gould, vice president and cashier American National bank; Sarah Virginia Gould; T. A. Marlow, president National bank of Montana; T. B. Weir, attorney Federal Reserve bank, Helena branch; T. O. Hammond, vice president and cashier Montana Trust & Savings bank; Mrs. T. O. Hammond; H. L. Hart, state manager National Surety company; C. A. Drummond, assistant manager Fidelity & Deposit company; L. A. Jacobsen. Kalispell—Theo. Torbenson, president Bank of Commerce; Mrs. Theo Torbenson. Lewistown—F. R. Cunningham, cashier Empire and State bank, Samuel Phillips, president Empire and State bank. Livingston—C. E. Bechtel, district manager Mutual Life Insurance company of New York. Medicine Lake—S. C. Faaborg, cashier Security State bank. Missoula—J. M. Keith, president Missoula Trust & Savings bank; E. W. Pearce, Missoulian Publishing company; C. A. Colby, Missoulian Publishing company. Minneapolis—C. R. Clarke, Federal Reserve bank; F. Lewis McCullough, Northwestern National bank; A. A. Gad, First National bank of Minneapolis; N. C. Kapelovitz, Minnesota Loan & Trust company; R. S. Hume, assistant cashier Northwestern National bank; A. S.