11198. Hewett State Bank (Basin, MT)

Bank Information

Episode Type
Suspension → Closure
Bank Type
state
Start Date
November 29, 1910
Location
Basin, Montana (46.271, -112.264)

Metadata

Model
gpt-5-mini
Short Digest
424566ab

Response Measures

None

Description

Bank was closed by the state examiner/Attorney General order (government action) in late November 1910 and placed in receivership; by Jan 1911 the receiver was paying depositors 50%. No run is reported in the articles.

Events (2)
1. November 29, 1910 Suspension
Cause
Government Action
Cause Details
Closed by the state examiner on order of the Attorney General after stockholders overdrew and the bank failed related to an investment.
Newspaper Excerpt
The Hewett State bank at Basin, Mont., was closed by the state examiner today, acting upon an order from Attorney General A. J. Galen.
Source
newspapers
2. January 6, 1911 Receivership
Newspaper Excerpt
The Hewett State bank, which was closed by the state bank examiner November 28, and placed in the hands of a receiver, is paying the depositors 50 per cent of the amount of their deposits.
Source
newspapers

Newspaper Articles (3)
1. November 29, 1910 The Wenatchee Daily World Wenatchee, WA
Article from The Wenatchee Daily World, November 29, 1910

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Article Text

BANKS CLOSE DOORS Butte, Mont., Nov. 29.-The Hewett State bank at Basin, Mont., was closed by the state examiner today, acting upon an order from Attorney General A. J. Galen. A statement is to the effect that stockholders have overdrawn and that the bank has failed to pay as an investment. M. L. Hewett, mining promoter, is president, and former Lieut. Gov. A. E. Spriggs, vice president. The capital stock is $300,000 and the deposits $35,000. The banking firm of Friday & Jenizens, at Harlowtown, was closed today, and as a result several Harlowtown business firms have passed into receivers' hands. The extent of the liabilities of the bank and its assets are not yet known, pending the statement to follow an examination.

2. January 6, 1911 Montpelier Examiner Montpelier, ID
Article from Montpelier Examiner, January 6, 1911

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Article Text

Bank Settling Debts. Basin, Mont.-The Hewett State bank, which was closed by the state bank examiner November 28, and placed in the hands of a receiver, is paying the depositors 50 per cent of the amount of their deposits.

3. January 6, 1911 The Meridian Times Meridian, ID
Article from The Meridian Times, January 6, 1911

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Article Text

Bank Settling Debts. Basin, Mont.-The Hewett State bank, which was closed by the state bank examiner November 28, and placed in the hands of a receiver, is paying the depositors 50 per cent of the amount of their deposits.