Aetna Banking & Trust Company

Bank Information

Episode Type: Suspension → Closure
Bank Type: state
Start Date: August 15, 1911
Location: Butte, Montana (46.004, -112.535)

Metadata

Model: gpt-5-mini
Short Digest: 92b20fea

Response Measures

None

Description

Article refers to the Aetna Banking & Trust Company as defunct and describes actions by a receiver and the comptroller of the currency having taken charge. No run is mentioned. This corresponds to a suspension (closure) with a receiver/government action. The receiver filed suit Aug 15, 1911; receiver likely appointed earlier but not dated in the clip.

Events (2)

1. August 15, 1911 Other

Newspaper Excerpt: A suit was commenced ... by Robert Lyon, receiver of the defunct Aetna Banking & Trust company, against F. A. Heinze to recover about a quarter of a million dollars alleged to have been secured from the depositors of that institution by criminal conspiracy.
Source: newspapers

2. August 15, 1911 Receivership

Newspaper Excerpt: Butte, Aug. 15.-(Special.)-A suit was commenced in the district court here today by Robert Lyon, receiver of the defunct Aetna Banking & Trust company, against F. A. Heinze ... after that official took charge of the affairs of the bank several years ago.
Source: newspapers

Newspaper Articles (1)

1. August 16, 1911 The Daily Missoulian Missoula, MT

Article from The Daily Missoulian, August 16, 1911

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Article Text

AUGUSTUS HEINZE SUED BY BANK RECEIVER PECULIAR FINANCIAL TRANSACTIONS ARE MENTIONED IN THE COMPLAINT. Butte, Aug. 15.-(Special.)-A suit was commenced in the district court here today by Robert Lyon, receiver of the defunct Aetna Banking & Trust company, against F. A. Heinze to recover about a quarter of a million dollars alleged to have been secured from the depositors of that institution by criminal conspiracy. It is alleged that this amount was lost to the depositors over and above the $100,000 which Heinze paid to the comptroller of the currency after that official took charge of the affairs of the bank severals years ago. It is alleged that the bank commenced business. on a note for $97,250, given by A. B. Clements, a partner " of Heinze, and $2,500 in cash, and that the latter later was withdrawn and substituted for a note for a similar amount. The complaint sets forth a number of peculiar transactions in the banking line, The papers were served on Mr. Heinze, shortly after his arrival from the east.