11505. State Bank (Plentywood, MT)

Bank Information

Episode Type
Suspension → Closure
Bank Type
state
Start Date
March 13, 1931
Location
Plentywood, Montana (48.775, -104.562)

Metadata

Model
gpt-5-mini
Short Digest
b78d4ff0

Response Measures

None

Description

Newspaper items from 1931 identify the State Bank of Plentywood as insolvent and show a receiver (Fred Ibsen) in possession of assets (sale of farm land March 13, 1931). No articles describe a depositor run. The bank was placed in receivership and appears to have closed permanently; later legal notices (Nov 1931) reference the insolvent bank and its receiver.

Events (3)
1. March 13, 1931 Receivership
Newspaper Excerpt
The land was in the hands of Fred Ibsen, receiver of the State Bank of Plentywood, and the consideration was $1,500.
Source
newspapers
2. March 13, 1931 Suspension
Cause
Government Action
Cause Details
Bank declared insolvent and a receiver (Fred Ibsen) appointed; bank suspended operations/closed under receivership
Newspaper Excerpt
The land was in the hands of Fred Ibsen, receiver of the State Bank of Plentywood
Source
newspapers
3. November 6, 1931 Other
Newspaper Excerpt
STATE BANK ....OF PLENTYWOOD, an insolvent banking corporation, and FRED IBSEN, Receiver thereof! and HARRY BRIGHTSMAN, Defendants.
Source
newspapers

Newspaper Articles (5)
1. March 13, 1931 The Producers News Plentywood, MT
Article from The Producers News, March 13, 1931

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Article Text

PLENTYWOOD BUYS AIRPORT GROUNDS Plentywood has purchased 90 acres of land south of the track and east of and adjoining the city, a part of the old Goodman farm, for an airport. The land was in the hands of Fred Ibsen, receiver of the State Bank of Plentywood, and the consideration was $1,500. Work will be commenced as soon as practicable to put the port in shape with a beacon light at each end. Plentywood now has an airport area adequate for the needs of a town ten times its size for years to come. The deal has been in the air for some time, and the offer of the land was finally accepted at the Monday evening meeting of the city council.

2. October 30, 1931 The Producers News Plentywood, MT
Article from The Producers News, October 30, 1931

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Article Text

GEORGE F. KNAPP and EMMA KNAPP, his wife; STATE BANK ....OF PLENTYWOOD, an insolvent banking corporation, and FRED IBSEN, Receiver thereof! and HARRY BRIGHTSMAN, Defendants.

3. November 6, 1931 The Producers News Plentywood, MT
Article from The Producers News, November 6, 1931

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Article Text

GEORGE F. KNAPP and EMMA KNAPP, his wife; STATE BANK ....OF PLENTYWOOD, an insolvent banking corporation, and FRED IBSEN, Receiver thereof! and HARRY BRIGHTSMAN, Defendants.

4. November 13, 1931 The Producers News Plentywood, MT
Article from The Producers News, November 13, 1931

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Article Text

GEORGE F. KNAPP and EMMA KNAPP, his wife; STATE BANK OF PLENTYWOOD, an insolvent banking corporation, and FRED IBSEN, Receiver thereof! and HARRY BRIGHTSMAN, Defendants.

5. November 20, 1931 The Producers News Plentywood, MT
Article from The Producers News, November 20, 1931

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Article Text

GEORGE F. KNAPP and EMMA KNAPP, his wife; STATE BANK OF PLENTYWOOD, an insolvent banking corporation, and FRED IBSEN, Receiver thereof! and HARRY BRIGHTSMAN, Defendants.