Montana National Bank

Bank Information

Episode Type: Run Only
Bank Type: national
Bank ID: 11077
Charter Number: 11077
Start Date: January 25, 1924
Location: Havre, Montana (48.550, -109.684)

Metadata

Model: gpt-5-mini
Short Digest: 91c5ea7a

Response Measures

None

Description

Article (Jan 25, 1924) describes a small run on Montana National Bank after the closing of Security State Bank. Community leaders encouraged deposits; only 39 accounts closed and many new accounts opened. No suspension or closure mentioned.

Events (2)

1. September 14, 1917 Chartered

Source: historical_nic

2. January 25, 1924 Run

Cause: Local Banks
Cause Details: Run was triggered by the closing of the Security State Bank in Havre, which prompted some deposit withdrawals from Montana National Bank.
Measures: Local business and professional men met, pledged support, opened accounts, and appointed a committee to solicit deposits and reassure the public.
Newspaper Excerpt: the closing of the Security State bank and the starting of a small run on the Montana National bank. However, this run did not amount to much as only 39 accounts were closed and many times that number were opened by new customers during the day.
Source: newspapers

Newspaper Articles (1)

1. January 25, 1924 The Producers News Plentywood, MT

Article from The Producers News, January 25, 1924

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Article Text

HAVRE MEN GET BEHIND LOCAL BANK Following a meeting of business and proffessional men at the Elks club yesterday afternoon, adopting a suggestion of F. A. Buttrey, most of those present went to the Montana National bank and if not depositors opened up an account. The meeting went an record as believing strongly in the stability of the only remaining bank in Havre and every member of the Kiwanis club, of the Rotary club and most of those present present pledged their support to the bank and agreed to open up an account. A committee was also appointed to visit the railroad yards and shops and local business houses and explain the strength of the institution, as well as the necessity of maintaining a bank in Havre. The meeting was called through the efforts of a committee headed by Mr. Buttrey and was a result of the closing of the Security State bank and the starting of a small run on the Montana National bank. However, this run did not amount to much as only 39 accounts were closed and many times that number were opened by new customers during the day.