11512. Ringling State Bank (Ringling, MT)

Bank Information

Episode Type
Suspension → Reopening
Bank Type
state
Start Date
January 1, 1923*
Location
Ringling, Montana (46.272, -110.807)

Metadata

Model
gpt-5-mini
Short Digest
0195cb71

Response Measures

None

Description

The bank had been in the hands of a receiver since 1923 (suspended/failed during the post-1921 business depression). In July 1927 the receiver was discharged, depositors paid in full, and the bank is described as sound — indicating a suspension followed by resolution/reopening. No run is described in the articles.

Events (3)

1. January 1, 1923* Suspension
Cause
Local Shock
Cause Details
Bank went into failure/suspension amid the business depression following 1921; bank was in deplorable shape at time of failure.
Newspaper Excerpt
The bank has been in the hands of George Fowlie, receiver, since 1923.
Source
newspapers
2. July 21, 1927 Reopening
Newspaper Excerpt
Judge Ford has signed the application for discharge of the receivership of the Ringling State Bank. All depositors have been paid in full... It is now in a sound and prosperous condition, and commands the confidence and support of the community.
Source
newspapers
3. * Other
Newspaper Excerpt
Everything has been fully paid except part the county deposit at the time old bank closed its doors. This obligation has been assumed by the Commercial Bank and will be discharged by them.
Source
newspapers

Newspaper Articles (2)

Article from The Times Clarion, July 21, 1927

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Article Text

RINGLING STATE BANK PAYS ALL Judge Ford has signed the application discharge of the the Ringling State Bank. All have been paid in full, and positors other obligations pending the the bank suspended have beer discharged. This includes payment bonds removed from bank, and debt of more the War Finance Corporation. Everything has been fully paid except part the county deposit at the time old bank closed its doors. This obligation has been assumed the Commercial Bank and will discharged by them. The bank has been in the hands George Fowlie, since 1923. now sound and condition, and the confidence support of the community. Perhaps no bank the state more deplorable shape than Ring ling bank at time of its failure, and region harder hit by the business depression following 1921 than that section of the country.


Article from The Meagher County News, July 22, 1927

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Article Text

RINGLING PAGE RINGLING STATE BANK SOUND FINANCIALLY Judge Ford has signed the application for discharge of the receivership of the Ringling State Bank. All depositors have been paid in full. and all other obligations pending at the time the bank suspended have been discharged. This includes a payment for government bonds removed from the bank, and a debt of more than $10,000 owing to the War Finance Corporation. Everything has been fully paid except a part of the county money on deposit at the time the old bank closed its doors. This obligation has been assumed by the Commercial Bank and will be discharged by them. The bank has been in the hands of George Fowlie, receiver, since 1923. It is now in a sound and prosperous condition, and commands the confidence and support of the community. Perhaps no bank in the state was in more deplorable shape than the Ringling bank at the time of its failure, and no region harder hit by the business depression following 1921 than that section of the country. Arch Middleton made a business trip to Bozeman Wednesday. Herman Harder spent a few days in Livingston this week. He returned Thursday, accompanied by Chas. H. Brumfield. Wm. Rae of Billings was a business visitor here Wednesday and Thursday. Mr. and Mrs. Elliott Lindsey arrived Friday morning from Frisno, California to spend few days at the G N. Higgins ranch. Mrs. Geo Heath made a business trip to Livingston Thursday, returning Saturday. The Ladies Aid met at Sixteen Thursday, at the home of Mrs. T. P. Kerr. Those attending from RingMontana ling were Madames J. B. Seeley, Henry Foster, A. J. Vinton, Chas, T. Plumb, W. P. Shuyler and Mrs. J. P. Harden. Mrs. Mary Lucas and daughter, Marie, motored out from White Sulphur Springs Thursday Lowell Robertson and Horace Redmond motored to Helena Thursday, returning Friday. Loyd Foster went out to the A. J. Vinton ranch Thursday to spend the week-end with Fern. Mrs. J. H. Meusey and sons, Cyrel and Wayne, motored to Bozeman Thursday and spent the day. Mr. and Tusco Heath were passengers to Three Forks Frdiay morning to take their small son, George, who underwent an operation for appendcitis. He is improving rapidly and will be home again next week. Mrs. S. C. Romine left Friday morning for Bozeman to spend a few days. Mr. and Mrs. J. H. Meusey and family and Mr. and Mrs. Frank Morgan and family motored to White Sulphur Springs Saturday to attend the circus. Horace Redmond and Lloyd Robertson attended the circus at White Sulphur Springs Saturday and the dance at Moss Agate. Among the people motoring to Livingston Sunday to attend the funeral of Ervin Triplett were, Horace Redmond, Nich Lihes, Enoch Brekke, Oscar Belgum, S. H. Goodwin, Walter Gundecker, Lowell Rob ertson, the Misses Volga and Gladys Arthun, Mary Lyndes, and Mr. and Mrs. R. L. Copp. Mrs. Geo. Heath left Monday for Bozeman, Mont., to spend a few days. Mr and Mrs. M. F. Taylor and family motored to White Sulphur Springs Monday. Mrs. Thomas McCurry, Jr., accompanied by the Misses Mabel Gundecker, Mary Lyndes and Katherine McCurry motored to White Sulphur Springs Monday and were guests of Miss Bessie Shearer. The Ladies Aid will meet at the home of Mrs. Alva J. Vinton Thursday, July 28th. Shearing was completed this week at Smith Bros. Sixteen Mile Creak. Mrs. Ed. McReynolds and daughter, Grayce, accompanied by Mrs. France of White Sulphur Springs spent a few hours here Monday Mrs. John Donovan and sister, Mrs L. W. Brewer and children, motored 'to the Springs Saturday. Rev. Miss Rhoda Jane Dickenson of Roundup, Mont., will hold a Communion Service at the Congregational church Sunday evening at eight o'clock. The rite of baptism will also be administered, Mr. and Mrs. Jno. Rees, Jr., and family motored up from Billings Sunday. They brought John's mother home, who has been visiting there since the fourth. Miss Rhoda Jane Dickenson of Roundup was a dinner guest of Mr. and Mrs J. P. Harden Sunday Mr. and Mrs. W. P. Frantz and Mrs. Ross Higgins motored to Bozeman Monday to take Mr. and Mrs. Elliott Lindsay. who have been visiting Mr. and Mrs. G. N. Higgins. Lowell Robertson and Enoch Brekke left Monday morning for a short trip through the Yellowstone Park. Miss Rhoda Jane Dickenson of Roundup was a dinner guest of Mr. and Mrs. Chas. Plumb Monday.