11362. First National Bank (Havre, MT)

Bank Information

Episode Type
Run → Suspension → Closure
Bank Type
national
Bank ID
5676
Charter Number
5676
Start Date
February 1, 1907*
Location
Havre, Montana (48.550, -109.684)

Metadata

Model
gpt-5-mini
Short Digest
826597eb

Response Measures

Accommodated withdrawals, Full suspension

Other: Receiver (Frank Browne) took charge in 1927; failure appears voluntary/liquidation rather than run-driven.

Description

Sources show a small, localized run in Feb 1907 that did not develop into anything. The bank later failed/suspended in the 1920s (one article says failure in 1923; another account of closure/voluntary failure appears in 1925). A receiver was still taking charge in 1927. Dates in the sources conflict; I used 1907 for the run and 1923–1927 for the failure/receivership sequence. No evidence that the bank reopened.

Events (6)

1. January 11, 1901 Chartered
Source
historical_nic
2. February 1, 1907* Run
Cause Details
Localized withdrawals by a few small depositors; article states it developed into nothing more and was not serious.
Newspaper Excerpt
the run on the First National bank, which was reported about the city but developed into nothing more than a desire on the part of some few small depositors to withdraw their money
Source
newspapers
3. February 6, 1909 Voluntary Liquidation
Source
historical_nic
4. January 1, 1923* Suspension
Cause Details
Articles indicate the institution failed/suspended in the early 1920s (one item explicitly cites failure in 1923). Specific trigger not stated in the provided texts.
Newspaper Excerpt
relieving W. M. Wayman, who has been in charge since the failure of the institution in 1923.
Source
newspapers
5. March 1, 1925* Other
Newspaper Excerpt
First National bank failed to its door morning. This was voluntary... There no run on bank. ...deposits estimated about and capital stock $25,000. ...most of the stock in the bank. John Howe and Emmett Cherry cashier. These officers... board directors. (OCR noisy).
Source
newspapers
6. February 22, 1927 Receivership
Newspaper Excerpt
Frank Browne, receiver of a number of defunct banks ... took charge of the First National here, today, relieving W. M. Wayman, who has been in charge since the failure of the institution in 1923.
Source
newspapers

Newspaper Articles (4)

Article from The Havre Herald, February 8, 1907

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Article Text

A friend of the Man tells him an amusing incident which happened last week in connection with the "run" on the First National bank, which was reported about the city but developed into nothing more than a desire on the part of some few small depositors to withdraw their money and was not considered at the time worthy of notice. It seems that a working man 0


Article from The Producers News, September 16, 1921

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Article Text

Washington Dolls Up For The "Disarmament' Conference Hotels Being Refunnished and Repainted Ordering Costly Gowns, and Diplomats are Laying in we Terms of Beiseker Settlement "Fatty" Arbuckle Indicted Bellshazaar Fema. Are Not Yet Made Known For the Murder of Actress WHILE DESTINY'S HAND WRITES SYSTEM'S DOOM of Agreement Not Yet Available Famous Movie Comedian Rapes Pret. "Disarmament" Conference Joke-Triumvirate Powers Will ty Movie Actress Who Dies as ReCopy -But It Is Reported That the CounROBERT RUSSELL JUD MATKINS Took Ten of T. L. Beiseker's sult of Injuries Drags Her to His Divide the World France and Italy Look onLair Like Cave Man Ancestors. Notes Due During the Next Ten Will Probably Result in Another Way. Days. PLEADS GUILTY SERIOUSLY ILL WAS SPITTOON CLEANER AT ONE TIME members of the Board of CounANGLO-AMERICAN ALLIANCE PROBABLE OUTCOME Young Man Who Robbed Lady Hotel County Commissioner in Bed as The Commissioners except Wisconsin Chairman who went over to Keeper at Westby Last Week Pleads "Fatty" Arbuckle, movie actor, one a result of Ulcers in the StomTyler visit at his old home for a few of the famous screen comedians, who Guilty and Is Sentenced to from ch-Condition Said to Be Englands Dream Will Probably Come True Behind Closed for a have returned from the Twin One to Two Years in Prison. rose to fame from the job of spittoon Precarious-Now Under DocDoors When Work That Wilson Commenced Will Be days, where they, together with the cleaner in a San Francisco saloon, tor's Care. was indicated by a Grand Jury in Robert Leroy Russell, the young Cities county's attorneys, Messrs. Wheeler & Finished by Harding-viz: Morgan-Rothchild Banking San Francisco, Tuesday, September man who was arrested by Sheriff ColCounty Commissioner Jud MatBaldwin, and N. L. Nelson, Receiver Consolidation. 13th, on a charge of manslaughter in lins last week for the robbery of Carlkins, returned to Plentywood from of the Sheridan County State Bank, connection with the death of Miss the Twin Cities, where he had son. the Westby hotel keeper last and Paul Babcock, attorney for the Virginia Rappe, who died several been on county business and was week, pleaded guilty before Judge receivers of the same bank, met with RAILROAD LOAN CONGRESSIONAL STORM CENTER days ago at a hospital in San FranComer in the district court, last SatL. Beiseker, A. C. Netcher and shortly forcd to his bed as a recisco as the result of an assault and urday, September 10th, to grand larsult of conditions brought about numerous other creditors of Mr. Beisrape perpetrated upon her by "Fatty" by ulcers in the stomach, and has ceny, and Wednesday, September 14th, eker, where the matter of the SheriAdministration Determined That Railroad Pirates Shall Again in his palatious apartments at the Judge Comer sentenced him to a term been in bed since in a very predan county money deposited in the Hotel St. Francis after a "hooch" carious condition, so it is reLoot the Government Treasurer-Congressmen Afraid failed bank was taken up, and it in the penitentiary at Deer Lodge for party which he had given to a numseems that at last the commissioners a term of not more than two years ported, and is under the doctor's of 1922 Elections. ber of his friends and to which he care. It is also reported that nor less than one year. accepted Mr. Beiseker's proposition to had invited Miss Rappe, the most there is some fear of cancer of the Young Russell returned to Mrs. divide the total indebtedness of the beautiful actress in Moviedom. stomach. Sheridan County State Bank to SheriCarlson most of the money which he SMOOT WANTS SALES TAX AS REVENUE PRODUCER It is reported that Arbuckle, who took from her pocketbook. dan county into ten equal parts, one Wednesday night for some two is a huge man, weighing over 310 Sheriff Collins will leave for Deer hours, it is reported, his life was part falling due each year for ten pounds, had been infatuated with Administration Proves "Crown of Thorns" on Brow of Poor, despaired of as a result of a vioLodge with the young man Saturday. years, at a very low rate of interMiss Rappe for some time, but his lent hemorrhage of the stomach, est, probably three and a half per While Rich are relieved of TaxesGovernment Reorgaattention had not been welcome. Upcent. and at the present time, he is on hearing that she was in San FranIt is claimed that the settlement is very dangerously ill. nization Planned-Army and Navy Departments conFIRST NAT'L BANK cisco from Los Ageles he called her contingent upon the opening of the solidated-Labor Department Abolished. to his apartments on a business enSheridan County State Bank and the gagement, and when she arrived in opening of that bank is said to be OF HAVRE FAILS FRUIT GROWERS ARcompany with another lady friend, contingent upon all of the creditors POWER MAD PRIVILEGE WILL she found "Fatty" carousing with a signing up a contract with the bank to CRUCIFY FARMERS AND LABORERS number of male friends. He treated take certificates of deposit in the bank One of the Largest and SupposedARRIVE WITH FRUIT the ladies to a couple of drinks of renewable for ten years. ly Strongest National Reserve gin, after which he grabbed Miss It seems that a number of crediBanks in the North Half of WASHINGTON NEWS LETTER Rappe and bore her to his room as a tors refuse to sign up and thus it State Goes Over Divide, SatAgents Arrive With Car Load of cave man of old, from which room seems doubtful whether the bank opurday. summation of the "disarmament conFruit Right From the Farmers Washington, D. C., Sept. screams were soon heard after the ens at all. Which They Will Sell to the Concial Washington is preparing for the ference" lies in the people insisting muffled noise of struggle. Attorney Vollum has not yet reThe rumors were current in sumer. "disarmament conference" in much upon the fullest possible publicity. Miss Rappe was taken to a hospi, turned, but is spending a few days Plentywood last Saturday, Septhe same spirit that a small NorthThere is no reason why the people tal, where after several days of with his wife at Lake Minnetonka, tember 9th, that the First NaW. G. Campbell and N. G. Root, should not know what their elective western town gets ready for the counwhere Mrs. Vollum has been spending agony she died. tional Bank of Havre, a Federal fruit growers from the western part servants are doing and "open coventy fair. Government buildings are beArbuckle pictures have been taken the summer in a cottage. Reserve institution, went to the of the state, are in Plentywood dising refurnished, the hotels are redecoants openly arrived at" should be the off from the screens in many movie The Producers News hopes to be bad that day, its doors being posing of a car load of fruit grown by only policy tolerated. rating, authorities are cleaning up the houses throughout the nation. able to print the agreement in full in closed by the United States their neighbors which they are repcity, society women are ordering new Railroad Loan Storm Center next week's issue. "Fatty" Arbuckle draws a salary Banking Department. The failed and but by no means resenting, arriving in Plentywood


Article from Fergus County Argus, March 5, 1925

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Article Text

National Bank Has Closed First National bank failed to its door morning. This was voluntary, and to either liquidation tion. The deposits estimated about and capital stock $25,000. There no run on bank. said that the to any, will be sibly will be found that the assets more than The First National bank ganized years Johnand his father, August rancher of Havre. most of the stock in the bank. John Howe and Emmett Cherry cashier. These officers, with Lidell and Henry Lockform the board directors.


Article from The Hill County Sunday Journal, February 22, 1927

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Article Text

DEPUTY COLLECTOR DATES LOCAL MAN APPOINTED AT HAVRE SET FOR MARCH SHELBY BANK RECEIVER The Treasury department announees that Deputy Collector Harry L. Short will be at the Court House in Havre on March 1 to 4 and March 7 to 15, from 9 to 5 p. m., to assist with the and making returns. The deputy collector will give every assistance to parties SO that returns can be filed on time and be made out correctly. Shelby-Frank Browne, receiver of a number of defunct banks in the eastern part of the state, took charge of the First National here, today, relieving W. M. Wayman, who has been in charge since the failure of the institution in 1923. Besides the local bank, Mr. Browne takes over the entire affairs of the Cut Bank and Joplin banks. The affairs of all these banks are in the last stages of adjudication and the change was made in the interests of economy as the business will be handled by Mr. Browne from his headquarters in Havre. This move has been desired by Mr. Wawman for some time past. Mr. Wayman has not yet decided the course of his future activities but it is hoped that he may find something to interest him here so that he will remain.- C. D. Coover will retain his present position in the bank for some time.