11442. First State Bank (Livingston, MT)

Bank Information

Episode Type
Suspension → Closure
Bank Type
state
Start Date
May 23, 1923
Location
Livingston, Montana (45.662, -110.561)

Metadata

Model
gpt-5-mini
Short Digest
128772af

Response Measures

None

Description

No run is described. The First State Bank failed to open on May 23, 1923 and the president said a receiver would be asked for; subsequently Alban Bodine is identified as receiver and the bank's assets are being liquidated and sold (late 1923–1924). Cause appears to be bank-specific insolvency/financial distress (previous closure and reorganization a year earlier).

Events (3)
1. May 23, 1923 Suspension
Cause
Bank Specific Adverse Info
Cause Details
Bank failed to open after reporting its condition; had previously closed a year earlier and reopened under an agreement to take deposits in stock and CDs, indicating insolvency/financial reorganization issues.
Newspaper Excerpt
The First State bank of Livingston failed to open for business yesterday morning after having reported its condition to State Bank Examiner L. Q. Skelton late Monday afternoon.
Source
newspapers
2. November 12, 1923 Receivership
Newspaper Excerpt
The sale of the fixtures and lease of the banking rooms was made recently by Alban Bodine, the receiver of the First State Bank.
Source
newspapers
3. March 22, 1924 Other
Newspaper Excerpt
SHERIFF'S SALE Alban Bodine, receiver of First State Bank, a corporation, of Livingston, Montana, plaintiff ... To be sold at Sheriff's Sale on Saturday, on the 22nd day of March, A. D., 1924, at 2:00 o'clock p. m.
Source
newspapers

Newspaper Articles (6)
1. June 8, 1923 The Producers News Plentywood, MT
Article from The Producers News, June 8, 1923

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Article Text

LIVINGSTON BANK FAILS TO REOPEN Receiver Will be Asked For and Banks Assets Liquidated, President says. Livingston, May 23.-The First State bank of Livingston failed to open for business yesterday morning after having reported its condition to State Bank Examiner L. Q. Skelton late Monday afternoon. The bank is the same institution that closed its doors a year ago and reopened following an agrement with patrons to take a percentage of their deposits in stock certificates and the balance in certificates of deposit for one year, giving the bank an option to extend them for a second year. According to A. Bodine, president of the bank, a receiver bank's assets will be asked for and th liquidated.

2. November 14, 1923 The Bozeman Courier Bozeman, MT
Article from The Bozeman Courier, November 14, 1923

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Article Text

# Livingston Bank Moves Park County News—The Merchants bank has purchased the fixtures and taken over the lease of the premises formerly occupied by the First State bank at the corner of Main and Challenger streets and will be located in their new quarters on Monday, November 12. The sale of the fixtures and lease of the banking rooms was made recently by Alban Bodine, the receiver of the First State Bank.

3. February 20, 1924 The Bozeman Courier Bozeman, MT
Article from The Bozeman Courier, February 20, 1924

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Article Text

SHERIFF'S SALE Alban Bodine, receiver of First State Bank, a corporation, of Livingston, Montana, plaintiff, versus Walter L. Johnson, Agnes E. Johnson, Commercial National Bankj a corporation, Mrs. William Hruza, Mrs. Henry Jonrow. John Hruza and Etta Reber, defendants. To be sold at Sheriff's Sale on Saturday, on the 22nd day of March, A. D., 1924, at 2:00 o'clock p. m., at the front door of the Court House in the City of Bozeman, County of Gallatin, State of Montana. All the right, title and interest of the defendants in and to the following described property, viz.: Lot Five (5) in Block Two (2) of the Original Townsite of Belgrade, County of Gallatin, State of Montana, together with all the tenements, hereditaments and appurtenances thereunto belonging or in any wise appertaining. Dated this 18th day of February, A. D., 1924. JAMES SMITH, Sheriff. By ORVILLE JONES, Under Sheriff. -Feb. 20 4t

4. February 27, 1924 The Bozeman Courier Bozeman, MT
Article from The Bozeman Courier, February 27, 1924

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Article Text

SHERIFF'S SALE Alban Bodine, receiver of First State Bank, a corporation, of Livingston, Montana, plaintiff, versus Walter L. Johnson, Agnes E. Johnson, Commercial National Bank, a corporation, Mrs. William Hruza, Mrs. Henry Jonrow, John Hruza and Etta Reber, defendants. To be sold at Sheriff's Sale on Saturday, on the 22nd day of March, A. D., 1924, at 2:00 o'clock p. m., at the front door of the Court House in the City of Bozeman, County of Gallatin, State of Montana. All the right, title and interest of the defendants in and to the following described property, viz.: Lot Five (5) in Block Two (2) of the Original Townsite of Belgrade, County of Gallatin, State of Montana, together with all the tenements, hereditaments and appurtenances thereunto belonging or in any wise appertaining. Dated this 18th day of February, A. D., 1924. JAMES SMITH, Sheriff. By ORVILLE JONES, Under Sheriff. -Feb. 20 4t

5. March 5, 1924 The Bozeman Courier Bozeman, MT
Article from The Bozeman Courier, March 5, 1924

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Article Text

SHERIFF'S SALE Alban Bodine, receiver of First State Bank, a corporation, of Livingston, Montana, plaintiff, versus Walter L. Johnson, Agnes E. Johnson, Commercial National Bank, a corporation, Mrs. William Hruza, Mrs. Henry Jonrow, John Hruza and Etta Reber, defendants. To be sold at Sheriff's Sale on Saturday, on the 22nd day of March, A. D., 1924, at 2:00 o'clock p. m., at the front door of the Court House in the City of Bozeman, County of Gallatin, State of Montana. All the right, title and interest of the defendants in and to the following described property, viz.: Lot Five (5) in Block Two (2) of the Original Townsite of Belgrade, County of Gallatin, State of Montana, together with all the tenements, hereditaments and appurtenances thereunto belonging or in any wise appertaining. Dated this 18th day of February, A. D., 1924. JAMES SMITH, Sheriff. By ORVILLE JONES, Under Sheriff. -Feb. 20 4t

6. March 12, 1924 The Bozeman Courier Bozeman, MT
Article from The Bozeman Courier, March 12, 1924

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Article Text

SHERIFF'S SALE Alban Bodine, receiver of First State Bank, a corporation, of Livingston, Montana, plaintiff, versus Walter L. Johnson, Agnes E. Johnson, Commercial National Bank, a corporation, Mrs. William Hruza, Mrs. Henry Jonrow, John Hruza and Etta Reber, defendants. To be sold at Sheriff's Sale on Saturday, on the 22nd day of March, A. D., 1924, at 2:00 o'clock p. m., at the front door of the Court House in the City of Bozeman, County of Gallatin, State of Montana. All the right, title and interest of the defendants in and to the following described property, viz.: Lot Five (5) in Block Two (2) of the Original Townsite of Belgrade, County of Gallatin, State of Montana, together with all the tenements, hereditaments and appurtenances thereunto belonging or in any wise appertaining. Dated this 18th day of February, A. D., 1924. JAMES SMITH, Sheriff. By ORVILLE JONES, Under Sheriff. -Feb. 20 4t