11324. Stockmen's National Bank (Fort Benton, MT)

View Charter #4194 on SPMC

Bank Information

Episode Type
Suspension → Closure
Bank Type
national
Bank ID
4194
Charter Number
4194
Start Date
January 1, 1924*
Location
Fort Benton, Montana (47.818, -110.667)

Metadata

Model
gpt-5-mini
Short Digest
164899b2

Response Measures

None

Receivership Details

Depositor recovery rate
96.5%
Date receivership started
1924-02-26
Date receivership terminated
1931-02-24
OCC cause of failure
Economic conditions
Share of assets assessed as good
16.8%
Share of assets assessed as doubtful
53.1%
Share of assets assessed as worthless
30.1%

Description

Articles report the Stockmen's National Bank was placed in voluntary liquidation in January 1924 and a receiver was appointed. Subsequent items (1925-1927) reference receivers and sale of the bank building and payment of dividends by the receiver, indicating the bank remained closed and in receivership (permanent closure). No explicit run on this specific bank is described.

Events (5)
1. January 6, 1890 Chartered
Source
historical_nic
2. January 1, 1924* Receivership
Newspaper Excerpt
the close of the bank in January, 1924, when a receiver was appointed, and is still in the hands of a receiver.
Source
newspapers
3. January 22, 1924 Suspension
Cause
Voluntary Liquidation
Cause Details
Placed in voluntary liquidation by the stockholders in January 1924; bank closed and receiver subsequently appointed.
Newspaper Excerpt
the Stockmans National Bank of Fort Benton was placed in voluntary liquidation by the stockholders.
Source
newspapers
4. February 26, 1924 Receivership
Source
historical_nic
5. March 25, 1927 Other
Newspaper Excerpt
receiver J. A. Robinson ... announced the payment of a 20 per cent dividend, totalling $84,943.20.
Source
newspapers

Newspaper Articles (7)
1. January 26, 1924 St. Croix Avis Christiansted, Charlotte Amalie, VI
Article from St. Croix Avis, January 26, 1924

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Article Text

TELEGRAMS. ST. CROIX STATION. Chicago, Jany. 22nd -With the list of bank failures in the Northwest swelled during the last two days by forced closures, representatives of the financial powers of the United States Government named by President Coolidge, are holding conferences here designed to bolster the credit of the Northwest. Pwo Montana banks decided to close their doors today. At Havre, the security bank of Havre, with approximately $750, 000 in deposits, was forced to close because of heavy withdrawals, and the Stockmans National Bank of Fort Benton was placed in voluntary liquidation by the stockholders. The Fort Benton Bank had been in business forty-four years. Two banks in South Dakota closed yesterday due to withdrawals. They were the International State Bank of Sioux Falls, and the Western National Bank of Mitchell, the former having deposits of $1 300,000 and the latter $425,000. About twe ve banks have closed in South Dakota since January 1st, because of depleted reserves. The youngmens Booster Association, the largest businessmens organization in Sioux Falls. after a meeting last night, at which the banking situation was considered. passed resolutions declaring the complete financial ruin in South Dakota is likely, unless there is immediate relief from federal and other outside sources. Paris, Jan. 23rd. - The controversy between Great Britain and France, concerning the operation of the railways in the Rhindland appears to be reaching an acute stage. The British complain that the French and Belgians are operating

2. July 10, 1925 The Great Falls Leader Great Falls, MT
Article from The Great Falls Leader, July 10, 1925

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Article Text

RIGLER SUCCEEDS T. E. McCLINTOCK AS BANK RECEIVER New Manager of Affairs of Defunct Institution Has Been in Montana 10 Years and Formerly Was Connected With War Finance Corp. J. P. Rigler. for the last two years associated with the receiver. ship of the Commercial National bank of Great Falls, has been appointed receiver take the place of T. E. McClintock whose resignation was given the comptroller of the treasury July He also sueceeds the receiverships of the First National bank of Highwood and First National bank of Carter Mr. McClintock still Is receiver of the Stockmen's National bank of Fort Benton and the First National and Citizens National banks of Wyo Mr. Rigler has resided in Montana 10 years and formerly was connected with the War Finance corporation He now is representa tive of the Hanover National bank of New York in Montana, Idaho and South Dakota. The Commercial bank which failed October 4. 1922 with deposits one 15 per cent dividend year ago The Highwood bank has paid 1-2 per cent to date

3. February 13, 1926 Great Falls Tribune Great Falls, MT
Article from Great Falls Tribune, February 13, 1926

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Article Text

Malta Bank Receiver Authorized to Sell Fixtures, Furniture Frank Browne. receiver of the First National Bank of Malta was authorized to sell bank fixtures and furniture not needed in the conduct of the receiver's work. in an order signed by Judge Charles N. Pray in federal court here Friday The order permits the disposal of the property at either public or private sale at the highest prices obtainable. The sale will be subject to the approval of the comptroller of currency and the court. The petition of T. E. McClintock receiver of the Stockmen's National Bank of Fort Benton, for permission to compromise with Robert E. Camp in settlement of promissory note held by the bank also was approved by the court. Under the terms of the compromise a note for $7,610 secured by 90 acres of Gallatin county land. will be settled and the mortgage the land released upon payment of $6,000. This amount is more than could be obtained in any other legal manner. Mr. McClintock stated in his petition.

4. January 13, 1927 Plainsman Plains, MT
Article from Plainsman, January 13, 1927

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Article Text

Bank Buys Building The Chouteau County bank has purchasthe Stockmen's National Bank building the corner of Front and Bond streets Benton. National Bank building was built in 1896, and occupied by the builders until the close of the bank in receiver was appointed, still in the hands of receiver. is very advantageously located, and substantial structure. Above the banking floor offices are by men. To the of the bank is the Fort Benton postoffice.

5. January 14, 1927 The Bozeman Courier Bozeman, MT
Article from The Bozeman Courier, January 14, 1927

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Article Text

Bank Buys Building The Chouteau County bank has purchased the Stockmen's National Bank building at the corner of Front and Bond streets in Fort Benton. The Stockmen's National Bank building was built in 1896, and occupied by the builders until the close of the bank in January, 1924, when a receiver was appointed, and is. still in the hands of a receiver. It is very advantageously located, is a roomy and a substantial structure. Above the banking floor offices are occupied by professional men. To the rear of the bank is the Fort Benton postoffice.

6. January 21, 1927 The Jordan Times Jordan, MT
Article from The Jordan Times, January 21, 1927

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Article Text

Bank Buys Building The Chouteau County has purchas ed the Stockmen's National Bank building at the corner of Front and Bond streets in Fort Benton The National Bank building was 1896, and occupied by in the builders until the close the bank January, 1924, when receiver appointed, receiver. and is still in the hands of was cated, is very and advantageously substantial strue- loture. Above the banking floor offices are occupied by professional men. To the of the bank is the Fort Benton postoffice.

7. March 25, 1927 Plentywood Herald Plentywood, MT
Article from Plentywood Herald, March 25, 1927

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Article Text

STATE BRIEFS Deer Lodge-Four carloads of cattle left Deer Lodge recently for Seattle. Havre-Montana Eagles will hold their 1927 convention at Havre July 4, 5 and 6. n Cut Bank-Martin J. Halvorson, mayor of Cut Bank, died suddenly a few days ago. Lewistown-This city is consummating plans for an elaborate Fourth of July celebration. Arlee-John S. Innes has sold a herd of fine Holstein cows to Los Angeles, Calif., buyers. Whitefish-Beginning April 1. the city water department will reduce charges for service another 5 per cent. Sidney-Richland county's new court house will be built during the summer, at an estimated cost of $85,000. Helena-The 1927 convention of the Montana Laundry Owners' association will be held in Helena May 20 and 21. Butte-Percy Weingartner, 23, a native of this city, was killed recently in an automobile accident in Arizona. Great Falls-A total of 1,250 acres of sugar beets has been signed up in the Sun River district west of this city. Kallspell-September 28 to 30, inclusive, are the dates set by the Flathead County Fair commission for the 1927 fair. Lewistown--Recelver C. C. Still of the First National Bank will shortly disburse a ten per cent dividend to depositors. Deer Lodge-Work is soon to start on the erection of a mill which will be used to crush ore from the Bonanza mine. Kalispell-E. M. Child has been appointed county attorney to fill the vacancy caused by the death of F. D. Lingenfelter. Poplar-An Indian payment of $50 per capita, totaling about $116,000, will be made on the Fort Peck reservation about April 1. Glasgow-The local chapter of the American Legion is conducting a marble tournament among the boys at the grades schools here. Lewistown-The institution of the Julia Hancock chapter of the D. A. R. here completes a full round dozen chapters in the state. Malta-Plans for a mosquito extermination campaign to be waged this summer in the vicinity of this city were recently made public. Glasgow-The Glasgow flour mill shipped a total of 109 carloads of flour to New York state and different Montana points n during 1926. Miles City-Narrowly missing the jugular vein in his neck, an angry bull gored Thomas Dudley, a cowhand, on a ranch e near Coalwood. Lewistown-The officers and directors of the old Montana Wheat Growers association met here recently and wound up the affairs of the organization. r Fort Benton-J. A. Robinson, receiver of the Stockman's National bank, recently announced the payment of a 20 per cent dividend, totalling $84,943.20. Lewistown-The local post of the Amerie can Legion is arranging for a conference of representatives of all posts in central Monh tana to be held here April 8. a Great Falls-Isaac Massard lighted match to see how much gasoline he had in the tank of his automobile. The local fire department put out the blaze. White Sulphur Springs-R. T. Ringling, y who with Mr. Kealey operates a poultry farm at Holt, Fla., reports that the venture is proving a wonderful success. n Glendive-Reports from all parts of DawSON County indicate that the winter wheat crop is in excellent condition. Farmers in this section are very optimistic. a Superior-The Iron Mountain Mining company has decided to pump out the shaft to the 2,300 foot level, and it is believed that operations will start shortly. ir Poplar-The Poplar Commercial club, at IS a recent meeting decided to expend a large e, sum of money in the improvement of the road leading into the north country. n Baker-The farm residences of Anthony J. Schorsch. 28 miles south of Baker and n Newt McCullom, five miles south of Webe. ster were recently destroyed by fire. Great Falls-A campaign for $5,000 with d which to complete the Paris Gibson Memo1e rial fund has been launched by a special at committee of the local Commercial club. 10 Great Falls-The Anaconda Copper Mining company has taken an option on the slag dump of the East Helena plant of the American Smelting & Refining company. Billings-The Kyote, Billings high school weekly newspaper, received honorable mention in the Columbia Scholastic Press association contest conducted in New York Havre-Peddling bills against the wishes of property owners, or so that they may fly on the street or on the yards is made a nuisance in an order passed by the local council. Lewistown-In a very short time Lewistown will have another industry, this being an up-to-date cheese factory, to be operated in connection with the Fergus County creamery. Chinook-The sugar beet growers of Blaine county formed an organization here recently. W. D. Smotherman was elected president and Hugh Murphy secretarytreasurer. Sidney-Surveying crews working under the orders of the state highway commission have started work of surveying the intended road to be built south of here toward Glendive. Harlem-The city council has ordered