Citizens State Bank - Clyde Park, MT

Bank Information

Episode Type: Suspension → Reopening
Bank Type: state
Start Date: March 1, 1924*
Location: Clyde Park, Montana (45.887, -110.604)

Metadata

Model: gpt-5-mini
Short Digest: b13f2020

Response Measures

None

Description

Article (Mar 12, 1924) reports receiver (Richard Brown) appointed after resignation of F.J. Habein; bank described as defunct but plans to reopen in a few months. No run is mentioned. I classify this as a suspension (closure with receiver) with planned reopening.

Events (3)

1. March 1, 1924* Other

Newspaper Excerpt: plans are now being made to reopen that institution in a few months. ... reorganization plans are already beginning to assume shape.
Source: newspapers

2. March 1, 1924* Receivership

Newspaper Excerpt: Richard Brown, formerly cashier of the defunct Citizens State bank at Clyde Park, who was appointed receiver recently following the resignation of F.J. Habein, plans are now being made to reopen that institution in a few months.
Source: newspapers

3. March 1, 1924* Suspension

Cause: Government Action
Cause Details: Receiver (Richard Brown) appointed following resignation of F.J. Habein; bank described as defunct and in liquidation
Newspaper Excerpt: defunct Citizens State bank at Clyde Park, who was appointed receiver recently following the resignation of F.J. Habein
Source: newspapers

Newspaper Articles (1)

1. March 12, 1924 The Bozeman Courier Bozeman, MT

Article from The Bozeman Courier, March 12, 1924

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Article Text

Clyde Park Bank To Re-Open Shields Valley (Wilsall) Record: According to Richard Brown. formerly cashier of the defunct Citizens State bank at Clyde Park, who was appointed receiver recently following the resignation of F.J. Habein, plans are now being made to reopen that institution in a few months. He states that liquidation is proceeding nicely, with the result that several thousand dollars in obligations to outside banks have been redeemed. Affairs are now being adjusted S0 that reorganization plans are already beginning to assume shape.