11348. Stanton Trust & Savings Bank (Great Falls, MT)

Bank Information

Episode Type
Suspension → Closure
Bank Type
savings bank
Start Date
October 11, 1926
Location
Great Falls, Montana (47.500, -111.301)

Metadata

Model
gpt-5-mini
Short Digest
411bb75e

Response Measures

None

Description

Articles (Oct 1926) describe the Stanton Trust & Savings Bank as now defunct / closed and report suits against stockholders by depositors' heirs. No contemporaneous description of a depositor run is given; the bank is described as permanently closed. Cause inferred as bank-specific insolvency/closure (no evidence of government-ordered closure in the pieces).

Events (1)

1. October 11, 1926 Suspension
Cause
Bank Specific Adverse Info
Cause Details
Bank had closed and deposits remained; suits allege funds not withdrawn when the bank closed, implying insolvency/defunct status.
Newspaper Excerpt
a second suit against the now defunct Stanton Trust of Great Falls ... money not withdrawn when the bank closed.
Source
newspapers

Newspaper Articles (2)

Article from The Billings Gazette, October 12, 1926

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Article Text

Depositor's Heirs Bring Suit Against Bank Stockholders Oct 11.- second against of the now defunet Stanton Trust of Great Falls has brought the supreme court This action brought by legatees Henry Bermeister. left cash estate of deposited in the ton Distributions had been made with the approval of the district court but the money withdrawn when the bank William


Article from The Bozeman Courier, October 29, 1926

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Article Text

day. The registration figures are certified to the secretary of state by county officials. A decrease of 13,682 is noted in comparing total figures, this slump being explained by the fact that a presidential election brings out the largest vote. At the primaries the certified lists show a total of 205,822 voters, hence, between the primaries and the closing date for registration 11296 residents have registered in the state. A second suit against stockholders of the now defunct Stanton Trust & Savings bank of Great Falls has been brought to the supreme court. This action is brought by legatees of Henry Bermeister who left a cash estate of $36,740.68 deposited in the Stanton bank. Distributions had been made with the approval of the district court but the money not withdrawn when the bank closed. William Rohr and other beneficiaries seek to recover pro-rata amounts from the bank stockholders to make up the amount decreed to them, holding that the deposit was a trust fund.