First National Bank - Harlowton, MT

Bank Information

Episode Type: Suspension → Closure
Bank Type: national
Bank ID: 9270
Charter Number: 9270
Start Date: March 14, 1925
Location: Harlowton, Montana (46.436, -109.834)

Metadata

Model: gpt-5-mini
Short Digest: 8692d8a3

Response Measures

None

Receivership Details

Depositor recovery rate: 14.5%
Date receivership started: 1923-03-07
Date receivership terminated: 1929-03-05
OCC cause of failure: Economic conditions
Share of assets assessed as good: 14.1%
Share of assets assessed as doubtful: 15.6%
Share of assets assessed as worthless: 70.3%

Description

Articles show Joseph A. Gamble (Gambel/Gamble) was the receiver of the First National Bank of Harlowton by March 1925 and a sheriff's sale in April 1926 lists the bank as in receivership. No articles mention a depositor run; bank was placed in receivership and appears closed/under liquidation.

Events (4)

1. November 10, 1908 Chartered

Source: historical_nic

2. March 7, 1923 Receivership

Source: historical_nic

3. March 14, 1925 Receivership

Newspaper Excerpt: Joseph A. Gambel, receiver of the First National bank of this city ... received word last from the comptroller directing him to Washington immediately to assist in the handling of receiverships of national banks The comptroller stated In his telegram that he might need Mr. Gamble's Mr. Gambel left immediately for Washington
Source: newspapers

4. April 30, 1926 Other

Newspaper Excerpt: To be sold at Sheriff's Sale, on the 30th day of April 1926 ... Joseph Gamble, as Receiver of the First National Bank of Harlowton, a corporation:
Source: newspapers

Newspaper Articles (2)

1. March 14, 1925 The Billings Gazette Billings, MT

Article from The Billings Gazette, March 14, 1925

Click image to open full size in new tab

Article Text

Call Bank Receiver To Washington Job Harlowton. March (Special) Joseph A. Gambel. receiver of the First National bank of this city and at Moore, received word last from the comptroller directing him Washington immediately to assist in the handling of receiverships of national banks The comptroller stated In his telegram that he might need Mr. Gamble's Mr. Gambel left immediately for Washington

2. April 22, 1926 The Times Clarion Harlowton, MT

Article from The Times Clarion, April 22, 1926

Click image to open full size in new tab

Article Text

SHERIFF'S SALE Company, corporation, Plaintiff Fred P. Marrs and Eula F. Marrs, his wife; the National Bank of Lewistown, corporation; John H. Freeser; Hunt, as Treasurer of the City of Harlowton, Nels Nelson; Joseph Gamble, as Receiver of the First National Bank of Harlowton, a corporation: Joseph A. Herron; and Williams, as Receiver of the First National Bank of Fergus County, Montana. Defendants To be sold at Sheriff's Sale, on the 30th day of April 1926 at 12 o'clock M. at front door of the Court House in the City of Harlowton, County Wheatland, State of Montana, to the highest bidder for cash in hand, the described property, to-wit: The East half of the northeast quarter northeast quarter of southeast quarter (NE%SE%), northwest quarter of the northeast quarter of section ten (10) all of section eleven (11), in township eight (8) north of range fourteen (14) east of the Montana Meridian. Together with all and singular the tenements, hereditaments and appurtenances thereto belonging or in anywise appertaining. Dated at Harlowton, Montana, April 2, 1926. L W. Clark, Sheriff Ehler, Under Sheriff Maddox and Church, Attorneys for Plaintiff, Great Falls, Montana