Laurel State Bank - Laurel, MT

Bank Information

Episode Type: Suspension → Closure
Bank Type: state
Start Date: February 21, 1923
Location: Laurel, Montana (45.669, -108.772)

Metadata

Model: gpt-5-mini
Short Digest: 83ab80ab

Response Measures

None

Description

Newspaper (1948) recounts that on Feb 21, 1923 a receiver was appointed and the bank had closed shortly before; no mention of a depositor run. Suspension appears to have led to permanent closure with a receiver appointed by the state examiner/court (government action).

Events (2)

1. February 21, 1923 Receivership

Newspaper Excerpt: Corwin qualified immediately. He came to Laurel Tuesday and assumed charge of the defunct banking institution, succeeding J. E. Kurtz, deputy examiner, who had been in charge since shortly after the closing of the bank.
Source: newspapers

2. February 21, 1923 Suspension

Cause: Government Action
Cause Details: State bank examiner nominated receiver and judge appointed him; bank had closed shortly before and deputy examiner had been in charge.
Newspaper Excerpt: Appointment of J. W. Corwin, Park City merchant, as receiver of the Laurel State Bank was made by Judge Robert C. Stong of the District Court, upon nomination of L. Q. Skelton, state bank examiner.
Source: newspapers

Newspaper Articles (1)

1. February 25, 1948 Laurel Outlook Laurel, MT

Article from Laurel Outlook, February 25, 1948

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Article Text

LAUREL HAPPENINGS 25 YEARS AGO TODAY Quoted and paraphrased items of news from the 25 years ago Laurel Outlook. Wednesday. Feb. 21, 1923. Appointment of J. W. Corwin, Park City merchant, as receiver of the Laurel State Bank was made by Judge Robert C. Stong of the District Court, upon nomination of L. Q. Skelton, state bank examiner. The court fixed his bond at $25,000 with rate of compensation to be determined later. Corwin qualified immediately. He came to Laurel Tuesday and assumed charge of the defunct banking institution, succeeding J. E. Kurtz, deputy examiner, who had been in charge since shortly after the closing of the bank. -0Enthusiastic over the success of their pool in 1922, the wool growers of Stillwater county have decided to sell their product in one lot again this year. Last season the clip from 35,000 sheep, approximately onethird of a million pounds of wool, was pooled and sold for 40½ cents per pound. The 1922 clip averaged under eight pounds, but prospects are that this year it will average around 10 or 11 pounds per sheep. Practically every wool grower in Stillwater county is a member of the association, which includes growers of Butcher and Valley creeks. -0Helen Porter entertained some of her young friends Monday evening at her home on Second street in honor of her eighth birthday. Children's games were played and the hostess' mother, Mrs. W. E. Porter served refreshments.