Cascade Bank - Great Falls, MT

Bank Information

Episode Type: Suspension → Closure
Bank Type: state
Start Date: February 11, 1920
Location: Great Falls, Montana (47.500, -111.301)

Metadata

Model: gpt-5-mini
Short Digest: bcb6a976

Response Measures

None

Description

Article reports Cascade Bank suspended operations and conveyed its assets (around Feb 11, 1920) to the American Bank & Trust Co.; no run is mentioned. The transfer of assets indicates a suspension followed by permanent disposition/closure. OCR errors in the article were corrected (dates and some missing words). Also documents a later court action (appeal) in 1926 regarding stockholders' liability and unpaid depositor claim.

Events (2)

1. February 11, 1920 Suspension

Cause: Voluntary Liquidation
Cause Details: Bank suspended operations and transferred all its assets to the American Bank & Trust Company on Feb. 11, 1920 (asset transfer/merger/liquidation rather than a depositor run).
Newspaper Excerpt: the complaint said, the plaintiff had on deposit in the bank $9,000... the Cascade bank Great Falls was filed... which on February 11, 1920, all its assets to the American Bank & Trust company, now insolvent.
Source: newspapers

2. August 20, 1926 Other

Newspaper Excerpt: CASCADE BANK CASE CARRIED TO HIGH COURT... Transcript of an appeal to the state supreme court from the decision of District Judge ... in dismissing the stockholders statutory liability action instituted by Anna Brown ... filed Thurs day in court, and will be transmitted to Helena today ... The action was instituted by the plaintiff ... on behalf of herself and creditors of the bank ... at the time the bank suspended operation, the complaint said, the plaintiff had on deposit in the bank $9,000, no part of which has been paid except $1,086 ... tendered her December 1, 1923 by the receiver of the American Bank & Trust company.
Source: newspapers

Newspaper Articles (1)

1. August 20, 1926 Great Falls Tribune Great Falls, MT

Article from Great Falls Tribune, August 20, 1926

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Article Text

CASCADE BANK CASE CARRIED TO HIGH COURT Notice of Appeal by Anna Brown Placed on File Here Thursday Transcript of an appeal to the state supreme court from the decision of District Judge 11. Ewing in dismissing the stockholders statutory liability action instituted by Anna Brown against B. Roberts and other former stockholders of the Cascade bank Great Falls was filed Thurs day in court, and will be trans mitted to Helena today by the plaintiffs A. H. Gray and Mc Kenzie & McKenzie. The action was instituted by the plaintiff. the complaint. in the behalf of herself and creditors of the bank, which on Febru ary 11. 1920, all its assets to the American Bank & Trust company, now insolvent. At the time the bank suspended op eration, the complaint said, the plain tiff had on deposit in the bank $9,000. no part of which has been paid except $1,086. which tendered her December 1. 1923. by the receiver of the American Bank & Trust company She contends that she at no time released the bank from its liability to her. and that the defendants should be instructed to and required to pay the statutory liability The defense. however, insisted that the American Bank & Trust company assumed all liability of the other in stitution after the merger. and that no responsibility could be attached to the defendants for the failure of the Amer bank December 1921 further asserted that the plaintiff had shown gross and inaction in the of her claim. and the deprived of any possibility of reim bursement from the American Bank & Trust company. The action was also claimed to have been barred by the statute of limitations At subsequent hearing motion made to dismiss the action and on January 21. 1926. Judge grant ed the motion on the ground that the M.