First State Bank - Geyser, MT

Bank Information

Episode Type: Suspension → Closure
Bank Type: state
Start Date: *
Location: Geyser, Montana (47.259, -110.493)

Metadata

Model: gpt-5-mini
Short Digest: bd5d4a28

Response Measures

None

Description

Article (1929-08-15) reports the First State Bank of Geyser closed several years earlier and was in receivership; final depositor dividend checks were mailed. No run is described. Cause of closure not specified in article beyond creditor suits and receivership, so classified as suspension_closure.

Events (2)

1. * Receivership

Newspaper Excerpt: Final Receiver's Checks In Mail Closing First State Bank of Geyser... Receiver Roll announced Monday that checks were the mail final depositor's dividend the First State bank Geyser. The bank closed several years ago... due creditor's suits instigated from Minneapolis against stockholders regime the receiver was extended pending the outcome of the ... The final dividend checks which now in the brings the total creditors from the closed institution to approximately fifty per cent total liabilities the bank ... With approval the court final distribution dividends. per cent. the closed. Judith Basin County's interest liquidated in full. the county purchasing security held by the bank and diverting into cash.
Source: newspapers

2. * Suspension

Cause Details: Closed several years earlier and placed in receivership after creditor suits; article does not state a run or specific regulatory action date.
Newspaper Excerpt: The bank closed several years ago... Receiver Roll announced Monday that checks were the mail final depositor's dividend the First State bank Geyser.
Source: newspapers

Newspaper Articles (1)

1. August 15, 1929 Judith Basin County Press Stanford, MT

Article from Judith Basin County Press, August 15, 1929

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Article Text

Final Receiver's Checks In Mail Closing First State Bank of Geyser Receiver Roll announced Monday that checks were the mail final depositor's dividend the First State bank Geyser. The bank closed several years ago. and due creditor's suits instigated from Minneapolis against stoekholders regime the receiver was extended pending the outcome of the The final divident checks which now in the brings the total creditors from the closed institution to approximately fifty per At the time the First State bank Geyser closed. the books including deposits the State of Montana, County Jud 1th Basin. City of Geyser and individuals. the date of closing bank money $27. Of this liability the borrowed money and state deposit item was paid full due court ruling holding priority for the In all was repaid the the bank by Receiver Roll. cent total liabilities the bank With approval the court final distribution dividends. per cent. the closed. Judith Basin County's interest liquidated in full. the county purchasing security held by the bank and diverting into cash.