First National Bank - Highwood, MT

Bank Information

Episode Type: Suspension → Closure
Bank Type: national
Bank ID: 11131
Charter Number: 11131
Start Date: July 1, 1925*
Location: Highwood, Montana (47.584, -110.790)

Metadata

Model: gpt-5-mini
Short Digest: c578c6e5

Response Measures

None

Receivership Details

Depositor recovery rate: 11.6%
Date receivership started: 1922-12-29
Date receivership terminated: 1928-04-26
OCC cause of failure: Governance
Share of assets assessed as good: 10.9%
Share of assets assessed as doubtful: 74.3%
Share of assets assessed as worthless: 14.8%

Description

Article (Great Falls Leader, 1925-07-10) reports a change in the receiver for the defunct First National Bank of Highwood and refers to it as a receivership/defunct institution. No run or withdrawals are described in the text; the bank is in receivership and has paid dividends. Appointment/resignation reported in July 1925.

Events (3)

1. January 18, 1918 Chartered

Source: historical_nic

2. December 29, 1922 Receivership

Source: historical_nic

3. July 1, 1925* Receivership

Newspaper Excerpt: He also succeeds the receiverships of the First National bank of Highwood and First National bank of Carter... Rigler has been appointed receiver to take the place of T. E. McClintock whose resignation was given the comptroller of the treasury July
Source: newspapers

Newspaper Articles (1)

1. July 10, 1925 The Great Falls Leader Great Falls, MT

Article from The Great Falls Leader, July 10, 1925

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Article Text

RIGLER SUCCEEDS T. E. McCLINTOCK AS BANK RECEIVER New Manager of Affairs of Defunct Institution Has Been in Montana 10 Years and Formerly Was Connected With War Finance Corp. J. P. Rigler. for the last two years associated with the receiver. ship of the Commercial National bank of Great Falls, has been appointed receiver take the place of T. E. McClintock whose resignation was given the comptroller of the treasury July He also sueceeds the receiverships of the First National bank of Highwood and First National bank of Carter Mr. McClintock still Is receiver of the Stockmen's National bank of Fort Benton and the First National and Citizens National banks of Wyo Mr. Rigler has resided in Montana 10 years and formerly was connected with the War Finance corporation He now is representa tive of the Hanover National bank of New York in Montana, Idaho and South Dakota. The Commercial bank which failed October 4. 1922 with deposits one 15 per cent dividend year ago The Highwood bank has paid 1-2 per cent to date