Conrad Banking Company - Great Falls, MT

Bank Information

Episode Type: Suspension → Closure
Bank Type: state
Start Date: August 28, 1933
Location: Great Falls, Montana (47.500, -111.301)

Metadata

Model: gpt-5-mini
Short Digest: 7eb8099a

Response Measures

None

Description

Article (The Great Falls Leader, 1933-08-28) reports opening of the Montana Bank & Trust which made available about 50% of deposits of the 'old Conrad Bank'. No run is described; Conrad's deposits were taken over by the new institution and made available to depositors — indicating Conrad had suspended and been replaced (closed permanently) rather than reopened. OCR errors corrected in transcription (e.g., garbled lines). No explicit receivership mention in the text.

Events (2)

1. August 28, 1933 Other

Newspaper Excerpt: MONTANA BANK & TRUST COMPANY OPEN; MANY DEPOSIT MONEY ... The opening of the new bank today made immediately available nearly $375,000 to depositors of the Conrad bank. Fifty percent of old Conrad bank deposits are available; managers pleased.
Source: newspapers

2. August 28, 1933 Suspension

Cause Details: Conrad Banking Company ceased operations and its deposits/assets were taken over by the newly opened Montana Bank & Trust; no explicit cause (e.g., insolvency or government action) is stated.
Newspaper Excerpt: Opening of the new bank today made immediately available nearly $375,000 to depositors the Conrad capital and surplus... All Conrad bank depositors had percent the where proven. credited to their counts
Source: newspapers

Newspaper Articles (1)

1. August 28, 1933 The Great Falls Leader Great Falls, MT

Article from The Great Falls Leader, August 28, 1933

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Article Text

MONTANA BANK & TRUST COMPANY OPEN; MANY DEPOSIT MONEY Few Withdrawals, Although 50 Percent of Old Conrad Bank Deposits Are Available; Managers Pleased Meeting with an enthusiastic reception from the Great Falls public, the Montana Bank and Trust company opened the this o'clock public busy scene during the day The tellers were busy the hours bepting many of which were new. having been carried heretofore the Conrad bank, officials stated. noon they that very few persons had come in to ask for money. In charge of the new bank today Dr. M. Larson, president; Frank Sauer, vice manager and Thornson, sistant cashier, and complete of assistants. Present also were Directors Fred Woehner and Stanley. William B. Finlay. also the directorate was absent from the Members the mittee out an tion plan for the new were on hand. The officials were busy receiving congratulatory telegrams came from town Occupying positions two huge bouquets. one of snapdragons from the officers and employes of the First National bank and one snapdragons and asters from the Paris Dry Goods comOfficers expressed their pleasure the cordial by the stated that the charges fect by the other two banks of the city will under the rules the Great Falls Clearing House Opening of the new bank today made immediately available nearly $375,000 to depositors the Conrad capital and surplus of the total All Conrad bank depositors had percent the where proven. credited to their counts the bank The board of directors of the new bank has announced that the posits the new bank are be regarded fund that profits for stockholders will secondary The policy the bank will be to render every banking service "consistent with safety, was stated. Mr. Sauer, manager of the bank, has been identified with the state banking department for the last year and in the banking business Montana since Other memof the board are prominent in local civic and business circles. Sam Stephenson. president of the First National bank: Lee M. Ford. president of the Great Falls National bank, and other prominent have satisfaction at the opening of the new bank and issued statements offering the financial stitution in of ness community development.