Pondera Valley State Bank

Bank Information

Episode Type: Suspension → Closure
Bank Type: state
Start Date: January 1, 1924*
Location: Conrad, Montana (48.170, -111.946)

Metadata

Model: gpt-5-mini
Short Digest: 1eaefadc

Response Measures

None

Description

Article (Jan 7, 1926) states the Pondera Valley State Bank closed in January, 1924 and is being liquidated by a liquidating agent (Mr. Bell). No run is described in the text; the bank remains closed and in liquidation, so classify as suspension leading to closure. Cause taken as voluntary liquidation/closure as indicated by presence of a liquidating agent.

Events (1)

1. January 1, 1924* Suspension

Cause: Voluntary Liquidation
Cause Details: Bank closed in January 1924 and is under a liquidating agent (Mr. Bell); statements issued to show progress of liquidation.
Newspaper Excerpt: Of particular interest to the people of the community will be the statement issued by the Pondera Valley State bank, which closed in January. 1924. ... Mr. Bell, the liquidating agent, deemed only fair to the community to issue statement ...
Source: newspapers

Newspaper Articles (1)

1. January 7, 1926 Independent-Observer Conrad, MT

Article from Independent-Observer, January 7, 1926

Click image to open full size in new tab

Article Text

BANK STATEMENTS REFLECTION OF PROSPERITY The statements of the financial condition of the Conrad banks, as date of December 31, 1925, are published in this issue of the Independent-Observer, and the made reflect to very marked degree the improved condition of the community The one item of loans and discounts representing the money owed to the banks by individuals throughout the community, has been greatly reduced since the last were issued. and the amount of deposits carried by the two solvent banks, the First National and the Farmers State, show healthy increase over the last statement. Of particular interest to the people of the community will be the statement issued by the Pondera Valley State bank, which closed in January. 1924. While this public statement not required by law, Mr. Bell. the liquidating agent, deemed only fair to the community to issue statement at this time to show the progress that being made in liquidating the affairs of the bank. While no dividends have been paid the depositors yet, the statement shows that much progress has been made in paying off the indebtedness of the institution. and getting its affairs in shape to pay out. Of course the final outcome depends entirely upon the general conditions the community during the next few years. However, the statement reveals the fact that the assets of the bank ceed its liabilities by more than one hundred thousand dollars. In other words. the bank can lose one hundred thousand dollars on its collections, pay out. The collections made so far, the statement shows, have gone to pay off obligations to outside banks, and these obligations have been greatly reduced. The statement, the whole. seems to make very satisfactory showing, and will be read with keen interest by every resident of the community. COLD FEET On the 23rd of December the Turk and Christensen schools joined together and had their Christmas tree, the Ben Christensen school. They also had big lunch, entertainment and dance. The musicians. Chas. Higgins, wife and daughter. Mrs. Hosteteter. furnished fine music. To end up the fine evening several people went home with cold feet. Some parties were seen going through the cars and several pairs of overshoes were taken. The parties are known and if they don't leave them the school door they will be expos-