First National Bank - Billings, MT

Bank Information

Episode Type: Suspension → Closure
Bank Type: national
Bank ID: 3097
Charter Number: 3097
Start Date: January 17, 1902
Location: Billings, Montana (45.783, -108.501)

Metadata

Model: gpt-5-mini
Short Digest: 9afad7c3

Response Measures

None

Receivership Details

Depositor recovery rate: 83.6%
Date receivership started: 1910-07-02
Date receivership terminated: 1931-02-25
OCC cause of failure: Fraud
Share of assets assessed as good: 50.7%
Share of assets assessed as doubtful: 23.5%
Share of assets assessed as worthless: 25.7%

Description

Article (The Billings Gazette, 1902-01-17) mentions a receiver in the case 'First National bank of Billings vs. Andrew J. Smart' and that the receiver's petition to be discharged was granted. This indicates the bank was in receivership (i.e., closed and in liquidation). No mention of a depositor run or reopening is present, so classified as suspension leading to closure (receivership).

Events (3)

1. December 27, 1883 Chartered

Source: historical_nic

2. January 17, 1902 Receivership

Newspaper Excerpt: The first case to be called was that of the First National bank of Billings VS. Andrew J. Smart, et ux. It came up on a petition of the receiver to be discharged, which motion was granted.
Source: newspapers

3. July 2, 1910 Receivership

Source: historical_nic

Newspaper Articles (1)

1. January 17, 1902 The Billings Gazette Billings, MT

Article from The Billings Gazette, January 17, 1902

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Article Text

DISTRICT COURT ENTERS ON JANUARY TERM. LIST OF JURORS DRAWN Venire Issued and Made Returnable Next Tuesday-Matters Heard Yestreday. From Wednesday's Daily Gazette. The district court convened yesterday for the January term, with about the usual number of civil matters awaiting disposal. Only three criminal cases appear on the docket, and one of these, State vs. Roy Huffman, will probably be disposed of today. The first case to be called was that of the First National bank of Billings VS. Andrew J. Smart, et ux. It came up on a petition of the receiver to be discharged, which motion was granted. In the matter O2 the case of Florence E. Jeffers vs. Emma Murphy, plaintiff's motion for dismissal was granted, the defendant not appearing to enter an objection. The same action was taken in the case of Maud Downey vs. James S. Downey. The old case of George A. Miller vs. the Northern Pacific Railroad company, an action for damage, was motion e uo time this more occe dn of plaintiff to retax the costs in the case. Not being prepared to argue the motion at that time, a continuance was granted until today. The case of the First National bank of this city vs. J. H. Conrad was ordered stricken from the docket on plaintiff's motion as settled. By agreement between the respective attorneys the case of William Ettien vs. H. B. Drum was continued for the term. An order striking from the docket the case of H. L. Raiff vs. John Ross was entered, plaintiff stating that no bill of exceptions had been prepared and that no appeal would be taken. On plaintiff's motion the case of the Ramsey & Likemeier company VS Yegen Bros. was dismissed as settled. Plaintiff's motion to dismiss was granted in the case of the Kelly- Tanneyhill company vs.. Henry Kerkenbush, defendant failing to enter an appearance. Permission was granted the judgment creditors in the case of T. C. Grover VS. F. S. Mills et al to amend the decree of foreclosure entered SO as to accurately describe a certain piece of real estate, which by reason of a clerical error was faultily described in the decree. Harry Wolstein, informed against for grand larceny, was arraigned and upon his representation that he was without counsel or means to employ any an order was made assigning H. A. Frith for the defense and bail was fixed at $750. In default the defendant was remanded and ordered to appear at 10 o'clock this morning for plea. Considerable time was taken up at the afternoon session by arguments on defendant's demurrer in the case of Anna Owens VS. Albert T. Owens, an action for divorce. The matter was taken under advisement. Arthur B. Renwick, a native of Canada, was granted full naturaliation papers. Somewhat Unusual. One of the last matters of the day to be disposed of was the case of Dora Simmert vs. Julius Simmert, an action for anullment of the marriage contract. The petitioner set forth that because of physical infirmities the defendant was incapable of discharging all his functions of husband and that it caused her much unhappiness. No defense was offered and the plaintiff was the only witness examined because of the peculiar nature of the complaint it was impossible to