11426. Laurel State Bank (Laurel, MT)

Bank Information

Episode Type
Suspension → Closure
Bank Type
state
Start Date
May 1, 1925*
Location
Laurel, Montana (45.669, -108.772)

Metadata

Model
gpt-5-mini
Short Digest
a7dcbdad

Response Measures

None

Description

Articles indicate Laurel State Bank closed in May 1925 and was placed in receivership (receiver Corwin/George W. Graff references). In March 1926 a court order authorized payment of a dividend from the bank closed last May. By June 1926 the bank building and fixtures were sold by the receiver and a new Yellowstone Bank opened in the former Laurel State Bank building. There is no mention of a depositor run prior to suspension; events point to suspension followed by permanent closure and receivership.

Events (4)
1. May 1, 1925* Suspension
Cause Details
Article states only that the bank closed in May; no explicit cause (no run or government action reported).
Newspaper Excerpt
the bank, closed last May.
Source
newspapers
2. December 1, 1925* Receivership
Newspaper Excerpt
Corwin, Laurel bank receiver spent Tuesday in Billings on business.
Source
newspapers
3. March 11, 1926 Other
Newspaper Excerpt
An order for the payment of dividend ... by the Laurel ... signed by Judge Strong ... dividend will [be] paid on approved claims the bank, closed last May.
Source
newspapers
4. June 11, 1926 Other
Newspaper Excerpt
the new Yellowstone bank opened here a few days ago in the Laurel State bank building which had been purchased ... from the receiver.
Source
newspapers

Newspaper Articles (4)
1. December 24, 1925 The Billings Gazette Billings, MT
Article from The Billings Gazette, December 24, 1925

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Article Text

CITY BRIEFS Miss Edith Sloan, home demonstraspending holidays left Tuesday for Chicago on busiMr. and Mrs. W. Ensign of Hysham calling Billings friends. Mr Ensign is publisher the Hysham W. Corwin. Laurel bank receiver, called the banking Barker Columbus is busivisitor in Murphy of Glendive is registered local H. Howell of Hardin is renewing old Billings Elliott Parker Fromberg spent Tuesday George McCarn. manager of the Hunters Springs hotel, spent Tuesday Billings. Miss Malissa Boyd of Red Lodge called Billings in Billings calling on friends.

2. December 31, 1925 The Billings Gazette Billings, MT
Article from The Billings Gazette, December 31, 1925

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Article Text

CITY BRIEFS Dr. E. Beltzer of Washoe spent Tuesday Billings calling on old friends among the medical fraternity. Miss Elizabeth King of Bridger and Mrs. Bert Welch Buffalo, Wyo., called on Billings friends Tuesday. Corwin, Laurel bank receiver spent Tuesday in Billings on business. E. A. Howell from Hardin Tuesday on brief visit. Mrs. Silver hildren of Thermopolis. Wyo., are spending few days in John McMahon of Bozeman is registered local hotel Otto E. Batch. supervisor of veteran vocational training headquarters at Helena, Billings making calls training here. Mr. and Mrs. M. Cain of Moorehead were in Billings Wednesday on business at the Billings land office Clardy Arvada, Wyo., is in Billings transasting business at the local land office.

3. March 11, 1926 The Billings Gazette Billings, MT
Article from The Billings Gazette, March 11, 1926

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Article Text

BANK LAUREL TO PAY DIVIDEND An order for the payment of dividend of cent by the Laurel signed by Judge Stong petition George W. Graff dividend will paid on approved claims the bank, closed last May. This the dividend declared since the receivership. another dividend cent having been declared last

4. June 11, 1926 The Bozeman Courier Bozeman, MT
Article from The Bozeman Courier, June 11, 1926

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Article Text

land Oil company which proposes to erect a modern filling station. Great Falls-Seven farmers of Cascade county are growing registered and approved seed this year, four are growing certified potato seed, one has a wheat nusery, and three have corn variety plots, it has been announced by R. E. Cameron, county agricultural agent. Great Falls-William G. Gardner, formerly of Belt and during the last five years a farmer near Wolf Point, was found dead recently at Black Creek near Anchorage, Alaska, according to word received here from Anchorage through The Associated Press. Laurel-The new Yellowstone bank opened here a few days ago in the Laurel State bank building which had been purchased a few days before with all the fixtures from the receiver. It is a modern bank building which cost $40,000 at time of construction five years ago. Whitefish-The Rev. G. A. Kaltenbach, graduate of the McCormick Theological seminary, Chicago, class of 1926, who recently accepted a call as minister to the First Presbyterian church here was ordained recently, the ceremony being the a first of its kind ever held in Whitefish. Moore-Bids for construction of Moore's new school building were opened recently and contracts awarded. J. A. Frederickson of Harlowton was awarded the general construction contract and Stapleton & Son of Lewistown secured the contract for heating and p lumbing. The total cost e will be approximately $18,000. k Ronan-An American Legion post at d Ronan has been perfected and is to be r known as Mount Harding post, No. 124 d The following officers were elected to serve for the ensuing term: commander, A. K e Resner; vice commander, Ray N. Shannon adjutant, H. E. Olson; finance officer, H n R. Resner; historian, W. F. Fellows e chaplain, L. B. Miller; sergeant-at-arms le Phil Hull. e Libby-Group No. 3 of the Montant d Bankers' association elected the following n