11269. First National Bank (Conrad, MT)

Bank Information

Episode Type
Suspension → Closure
Bank Type
national
Bank ID
9759
Charter Number
9759
Start Date
November 1, 1933*
Location
Conrad, Montana (48.170, -111.946)

Metadata

Model
gpt-5-mini
Short Digest
eeae7c55

Response Measures

None

Receivership Details

Depositor recovery rate
64.2%
Date receivership started
1933-10-25
Date receivership terminated
1940-01-12
Share of assets assessed as good
85.4%
Share of assets assessed as doubtful
13.7%
Share of assets assessed as worthless
0.8%

Description

Articles (Nov 2, 1933) report the First National Bank of Conrad was thrown into liquidation and a receiver (P. C. Kivilin) appointed by the Comptroller/national banking department. The bank had been under restrictions since the March 4, 1933 banking holiday. No run is described; the closure is by national banking department action (receivership).

Events (4)

1. May 23, 1910 Chartered
Source
historical_nic
2. October 25, 1933 Receivership
Source
historical_nic
3. November 1, 1933* Receivership
Newspaper Excerpt
The prominent business man ... arrived in Conrad last week to take charge of the First National Bank as Receiver. Mr. Kivilin's authority came direct from the Comptroller of the Currency at Washington, D. C. and Kivilin ... has been appointed receiver for the First National Bank of Conrad. , and consolidation of receivership later noted (1934).
Source
newspapers
4. November 1, 1933* Suspension
Cause
Government Action
Cause Details
Bank was thrown into liquidation by the national banking department / Comptroller of the Currency; receiver appointed (P. C. Kivilin).
Newspaper Excerpt
The First National Bank of Conrad was thrown into liquidation the last of the week and Kivilin, Big Sandy, has been appointed receiver for same.
Source
newspapers

Newspaper Articles (4)

Article from Independent-Observer, November 2, 1933

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Article Text

LOCAL APPENINGS Miss Marian Bell spent the week end with her parents in Helena. Editor Tom Busey of Valier, was in Conrad Monday for a few hours. Mr. and Mrs. T. A. Busey of Valier, were in Conrad last Saturday Mrs. Price and Mary motored to Great Falls last Saturday to spend the day. Mr. and Mrs. Armand Nelson were in Calgary for several days last week. Mr. and Mrs. A. J. Ensteness of Missoula were in Conrad Monday visiting with friends. Mr. and Mrs. D T. A. Mackintosh of Browning visited with Conrad friends Monday. Miss Genevieve Schraeder of San Diego, is visiting at the home of Dr. and Mrs. H. W. Power. E. F Wyse drove to Helena early Friday morning on business, returning late the same evening. Miss Mary Harrison who teaches at Oilmont, spent the week end with her parents, Mr. and Mrs. Ohie Harrison. Mrs. Welker and Sig Welker of Dupuyer, visited the first of the week with the Misses Margaret and Olive Welker. Messrs. Davison and Ben Beringer of the west Collins district, were in Conrad Tuesday transacting business affairs. Mr. and Mrs. C. E. Heisey and Mrs. Strain Sr. of Great Falls, were in Conrad last Sunday afternoon fr a few hours Mr. and Mrs. Fred Sanford of Great Falls were in Conrad Tuesday for the day, returning home late in the afternoon. Mr. and Mrs. W. Gleason of Butte are visiting the Pings and Gillan families. Mrs. Gleason is a sister of Frank Gillan. Ed Breeden drove to Bozeman to Miss Isabel Brown and Miss spend the week end. Gloria Grafton, teachers in the Harry Steele is in the Lincoln week end in Great Falls. district with his son, Harold and is Mrs. Sheffield, who has been supposed to be hunting deer, or living with Mrs. W. J. Lavin for bear or some other wild animals. Mr. and Mrs. McGarvey and son day for her home in Libby. expect to leave next week for A. G. McMahon, formerly in the Camas Hot Springs, where they barber business in this city, is now will make their home in the future. located in the Star Barber Shop. L. P. Kane has not announced his Born at Everett, Wn., to Mr. future plans, but we understand and Mrs. Stanley Dubuque of Snothat he may open up a new barber homish, Wn., a son. The proud shop on Main street mother was formerly Miss Ruth Brodigan. Mr P. C. Kivilin of Big Sandy, Conrad golf players enjoyed Sunday's sunshine on the Pondera Club course, with playing conditions about as good as any time this season Garry Robertson drove to Dutton last Saturday, where he had been asked to referee the DuttonSimms football game. The game ended a. 0 to 0 tie. The next meeting of the Midway Woman's Club will be on Nov. 9th with Mrs. John Koistra. The mem bers will respond to roll call with some item of interest. Conrad high school, spent the the past two months, left last Fri- prominent business man of that city, arrived in Conrad last week to take charge of the First National Bank as Receiver. Mr. Kivilin's authority came direct from the Comptroller of the Currency at Washington, D. C. Miss Elizabeth Ireland, State Superintendent of Schools; Mrs. Crockett, State Tuberculosis Chairman and Miss Marguerite Hood, State Supervisor of Music, were in Conrad Thursday to attend the elementary grade teachers meeting, all being speakers on the program. Mr. and Mrs. Thos Heal and children spent the week end visitwith Mr. Heal's parents at Simms, and also celebrating the elder Mrs. Heal's birthday while there. The Conrad Woman's Club will hold their regular meeting in the club rooms on Thursday, Nov. 9th. The hostesses will be Mrs. Stricklin, Mrs. Hattersley, Mrs. Luce and Mrs. Nelson. The Conrad team goes to Great Falls Saturday to play the Reserves, which will be the last outof-town game for the locals this season. The game with Shelby Armistice Day will be the last on the schedule. George Yeager and John Newell of this city, with Harry Pulver and Red Johnson of Williams, left the first of the week big game hunting. They drove to Kalispell and thence to the Cabinet mountains southwest of that city. Last week's football pool was won by Lloyd Kemmish, W h O guessed 16 out of 21 winners. This pool is conducted at The Palace and is attracting the attenion of a good many football fans and others who have tried to pick the winners. Sunday was the first day of the open season for Hungarian partridges in this county. There were plenty of hunters in the field but it took a good shot to bring in the limit of 5 birds. Most of them reported that they were not only extremely fast but were also wild and it was hard to find them. County Agent Petersen h a S moved his office into the Conrad Mercantile Co. building, using the large rooms formerly occupied by the company offices. This extra room greatly increases the efficiency of the clerical forces now being used in completing the allotment work George Hubbard, Fred Hager and Harold Freebury returned home Tuesday with two deer after spending ten days camping near Marion, Mont. No snow made hunting a little difficult but the boys had their share of luck. While near Marion they saw an old time prospector washing out gold from the creek sand in that vicinity and the boys are almost minded to turn gold prospectors next spring. Visit the Farm Woman's Market every Saturday, opposite Buttreys. HALLOWE'EN SOCIALS Midway Club Card Party The Midway Woman's Club held a card party last Saturday evening at the home of Mr. and Mrs Leroy Anderson. Seven tables of "500" were played, the winners being Miss Nettie Gaghagen and Mrs. Probert and Floyd Payne and Melvin Semingson. Those present were: Mr. and Mrs. P. J. Anderson, Mr. and Mrs. Al Berland, Mr. and Mrs. Floyd Payne, Mr. and Mrs. H. F Bailey, Mr. and Mrs. A. L. Abbott, Mr. and Mrs. Clifton Sutton, Mr. and Mrs. John Koistra, Mr and Mrs. Iren DeStaffany, Mr. and Mrs. Probert, Mr. and Mrs. Joe O'Brien, Mr. and Mrs. N. E. Hagen, Mr. and Mrs. Leroy Anderson, Johnnie Gaghagen, the Misses Nettie Gaghagen, Adriene Gag hagen, Jessie Sutton, Helen Semingson, Margaret Thompson, Mrs. A. J. Thompson, Mrs. Gauld, and Franklin Bailey. Girl Scout Hallowe'en Party Last Thursday evening the Girl Scout leaders gave a party. Four prizes were given, two for costumes and the others for games. Jean Hennessy took the prize for the cleverest costume, Kathryn Grady for the funniest. Nancy and Dorris Norem also received prizes. At 8:15 lunch was served and it was enjoyed by all. Hallowe'en Party Mrs. Thos. Heal entertained a group of young people at her home on Hallowe'en. The guests represented the class mates of her two young daughters, Helen and Lucille. Despite the awesome ghosts and gobblins, the children engaged in a merry round of games which were interrupted only when they were given leave for a brief frolic on the streets. They returned in a short time to finish their games and enjoy the dainties of a Hallowe'en lunch tray. Those present were: Mary Eliza, beth Hennessy, Mary Jane Simons, Marie Kellogg, Clarice Dean, Virginia Hill, Anita Towey, Kathryn Lane, Katherine Grady, Eleanor Sporleder, Mary Ann Jones, Mary Ellen Dahlstrom, Agnes Erickson, Betty Jane Burnett, Betty Joe Arrell, Betty Spahr, Gloria Spahr, Lila Everson, Madaline Hager. Entertains the Kindergarten Class Mrs. A. H. Perry entertained her kindergarten class with a Hallowe'en party at her home Tuesday afternoon. Each child in the class had the privilege of inviting one other little guest. The children were all in costume and the rooms were artisticly decorated with festive lights, witches, pumpkins and on each side of the fireplace was a paper doll dressed as a girl and a boy, each as large as the little guests. The class did their folk dances and each recited a poem. Then all played Hallowe'en games and Mrs. Perry told Hallowe'en stories A surprise lunch was served and the favors were "suckers" dressed up as dolls. Mrs. Erwin assisted Mrs. Perry in serving. Those present were: Billy Fulton, Tony Bannister, Sharon Buell, Frary Buell, Pat Kelly, Jack Kelly, Sally Lee, Berry Wood, Nancy Stricklin, Jackie Sandknop, Patty Lou Lavin, Bette Jean Emrick, Mary Carol Kelly, Mary Ellen Nadeau, Jean Petersen, Beverly Wood, Bobby Stricklin. Entertains Sunday School Class Mrs. R. M. Hattersley entertained her Sunday school class of boys on Tuesday evening with a Hallowe'en party. All kinds of Hallowe'en games were played and the kind of lunch that delighted the boys was served later in the evening. Those present were: Bobby Emrick, Charles Kellogg, Elmer Munson, Stanley Jury, John Skipwith, Jim Turner, Hugh McCorkle, Bernard Shepherd, Jim Harris, Jack Price, Floyd Bissell, Marshall Hattersley, Buddy Eastman and Frank Hattersley.


Article from Pondera County News, November 2, 1933

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AS RECEIVER LOCAL BANK turned yards on first play. Second neted yards when the air was again resorted too, without effect and Conrad took the ball on line. Three plays netted 10 yards the whistle ended the third quarter, score 14 to for Conrad. The final quarter opened with Conon another goal drive. Fort Benwas to stop the rush with last spurt of energy which had little effect on the Cowboys. Benton ball 50 yard line. Lose ball on downs Conrad went thru line for total yards for first Ball carried Christenson and Sutherland to 35 yard line, where Whealy fake reverse, dashed across line for third score. The extra point failed on an incomplete pass. Conrad kicked and Benton returned 15 yards. Myers broke through line for yard Benton Conrad took ball 45 yard line. yards the best that could be made and Benton took ball. Conrad sent in most of second team to finish game. Again Benton took to the in last vain attempt for score, but Conrad was breaking through consistently and throwing them for losses. Conrad received two penalties which brought them back to their own line. Christenson on the last play after short march down the booted the ball to Fort Benton's line with fine punt. Benton turned yards and passed. Conrad ball and fumbled. Benton's ball made gain of yards Benton kicked and the final whistle ended the game, with the ball on the 50 yard of Fort Benton. Score 20 to for Conrad. Starting lineups: Conrad (20) Benton (0) Schoonover Whealy Barnes Schmidt RT Daugherty Otteson LT Bateman Aakre RG Walker Leeffler LG Casey Ullom Small Doyle Tattan Meyers LH Vielleux Christenson Culbertson Sutherland Roudebush Referee, Paul Winner, Umpire, Gib Wall, Conrad; Head linesman, Bob Arnot; Timers, Robertson, Conrad, Crosby, Fort Benton. Conrad has two more games on their schedule. Great Falls Reserves are next, with the game to be played there coming Saturday. The next game will be return with Shelby here on Armistice which next Saturday week, Nov. This undoubtedly will be fast game. Conrad won the first game earlier in the season margin and one may sure that Coyotes are going down here for Shelby revange. defeated Cut Bank last weekend to The Cut Bank game, which was have been played last Saturday, Oct. was cancelled because of snow at Cut Bank. However. Conrad asked have the game played Wednesday this week, but call from school officials of that city Saturday evening stated that they had been defeated by Shelby, and on learning Fort Bendefeat here, had decided that would be useless for them attempt play the Cowboys and wished the cancelled from the schedule. No doubt Conrad would have had easy time taking the Cut Bank team to cleaning, and the local boys all set to avange few old defeats in years past, but evidently they have to wait until next BIG SANDY MAN IS PLACED CHARGE OF FIRST NATIONAL HERE AND E. SWEITZER AT VALIER. The First National Bank of Conrad thrown into liquidation the last of the week and Kivilin, Big Sandy, has been appointed receiver for same. Mr. Kivilin arrived here the the bank The First National Bank of Conrad was established in 1910, and has been operating under restrictions since the fourth March when all banks were closed under the presidential moratorium. Norem, the president, has been in charge as Kivilin, the receiver, stated that he had no announcement to make to the public regarding what could be done, and that would probably take the very least sixty days before he would be able to make any kind of statement. Mr. Kivilin has been in the real estate and insurance business and acted receiver of banks in the past. He comes very highly recommended in the capacity for which he has been chosen, behalf of the of the First National Bank, and feel he the interest of the future welfare of each depositor at heart.


Article from Pondera County News, November 2, 1933

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VALIER BANK TO RECEIVERS Attorney E. Sweitzer. received the appointment receiver for the First National Bank of Valier and took the duties of same last Thursday. Kester, founder and president the past twenty years, has been charge of the institution since March 4th when the banking holiday called. the closing First National Banks at Valier and Conrad during the past week and the Brady bank, which has been closed for sevmonths, only two banks are left in Pondera county. one Williams and the Farmers State Bank in Conrad.


Article from The Mountaineer, June 7, 1934

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KIVILIAN APPOINTED AS VALIER BANK RECEIVER Kivilin, who has been receiver of the First National Bank of Conrad since that institution was thrown inliquidation by the national banking department several months last week appointed receiver the First National Bank Valier, and assumed charge of the bank last Thursday morning. After the resignation of E. Sweitzer, who was first appointed reeciver the local bank, the banking department at the suggestion of the depositors' committee of the Valier bank, and in the interest of economy and ficient consolidated the receivership of the two Pondera counbanks and Kivilin in charge. Mr. Kivilin is an experienced business man and banker, and has handled the affairs of the Conrad bank to the entire satisfaction of the patrons of that institution. Those interested the welfare of the local banking institution are well pleased that Mr KivIlin has taken charge of the business here, and feel that possible will be done to protect the interests depositors and Valier-