Farmers State Bank - Opheim, MT

Bank Information

Episode Type: Suspension → Closure
Bank Type: state
Start Date: February 1, 1930*
Location: Opheim, Montana (48.857, -106.407)

Metadata

Model: gpt-5-mini
Short Digest: d6c64f34

Response Measures

None

Description

Article states the Farmers State Bank of Opheim suspended in February 1930 and is described as 'closed' with the State Examiner paying a dividend to creditors in May 1931. No run is mentioned. The suspension appears to have led to permanent closure and receivership.

Events (2)

1. February 1, 1930* Suspension

Cause: Government Action
Cause Details: Bank was closed and under the jurisdiction of the State Examiner of Banks after suspending operations in February 1930.
Newspaper Excerpt: the closed Farmers State Bank of Opheim, in Valley county. This is the first dividend since the bank suspended in February, 1930
Source: newspapers

2. May 16, 1931 Receivership

Newspaper Excerpt: The State Examiner of Banks, Hon. George A. Robertson, announced ... that payment of a dividend of 10 percent ... will be made in a few days to creditors of the closed Farmers State Bank of Opheim, in Valley county. This is the first dividend since the bank suspended. in February, 1930
Source: newspapers

Newspaper Articles (1)

1. May 19, 1931 The Daily Inter Lake Kalispell, MT

Article from The Daily Inter Lake, May 19, 1931

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Article Text

CREDITORS' BANK TO BE PAID 10% DIVIDEND (Special to Inter Lake) Helena, Mont., May 19. The State Examiner of Banks, Hon. George A. Robertson. announced on Saturday May 16, that payment of a dividend of 10 percent, in all shout $16,000 will be made in a few days to creditors of the closed Farmers State Bank of Opheim, in Valley county. This is the first dividend since the bank suspended. in February, 1930