United States National Bank

Bank Information

Episode Type: Suspension → Closure
Bank Type: national
Bank ID: 9899
Charter Number: 9899
Start Date: June 1, 1933*
Location: Deer Lodge, Montana (46.396, -112.730)

Metadata

Model: gpt-5-mini
Short Digest: b2d3af92

Response Measures

None

Receivership Details

Depositor recovery rate: 66.0%
Date receivership started: 1932-10-25
Date receivership terminated: 1940-01-06
Share of assets assessed as good: 16.1%
Share of assets assessed as doubtful: 52.1%
Share of assets assessed as worthless: 31.8%

Description

Article (Great Falls Tribune, 1933-06-11) reports that J. H. Morrow is receiver for the United States National Bank of Deer Lodge and is suing stockholders of the 'defunct bank.' No run is mentioned. The presence of a receiver indicates the bank suspended and closed. Dates are taken from the publication; exact suspension date not given.

Events (4)

1. December 6, 1910 Chartered

Source: historical_nic

2. October 25, 1932 Receivership

Source: historical_nic

3. June 1, 1933* Suspension

Cause: Government Action
Cause Details: Bank placed in receivership (government/examiner action) leading to suspension and closure.
Newspaper Excerpt: Receiver Is Suing Stockholders of Deer Lodge Bank ... J. H. Morrow as receiver for the United States National bank of Deer Lodge.
Source: newspapers

4. June 11, 1933 Receivership

Newspaper Excerpt: J. H. Morrow as receiver for the United States National bank of Deer Lodge. ... actions seeking to recover on stockholders' liability have been filed in federal court by J. H. Morrow as receiver for the United States National bank of Deer Lodge. ... the defunct bank.
Source: newspapers

Newspaper Articles (1)

1. June 11, 1933 Great Falls Tribune Great Falls, MT

Article from Great Falls Tribune, June 11, 1933

Click image to open full size in new tab

Article Text

Receiver Is Suing Stockholders of Deer Lodge Bank Special to The Tribune. HELENA, June Four actions seeking to recover on stockholders' liability have been filed in federal court by J. H. Morrow as receiver for the United States National bank of Deer Lodge. Two of the actions were instituted against J. E. Manley, owner of certificates of 13½ and 401/2 shares of stock in the defunct bank. The receiver seeks to collect $5,400, par value of the stock, from him. A third action was filed against Margaret Jensen to recover $3,000 as liability on 30 shares, and the fourth named Kate McGillis as defendant. Judgment for $500 is asked against her. In the suit against Manley, involving the 401/2 shares of stock, the court is asked to set aside transfer of the stock to James Manley, son, on grounds that the latter is minor and is incapable of entering into legal of that sort. The plaintiff asserts that the transfer is null and void and that the elder Manley liable for the full amount of the stock.