11529. Farmers & Merchants State Bank (Saco, MT)

Bank Information

Episode Type
Run → Suspension → Closure
Bank Type
state
Start Date
May 16, 1927
Location
Saco, Montana (48.457, -107.343)

Metadata

Model
gpt-5-mini
Short Digest
21895aab

Response Measures

Full suspension

Other: Multiple contemporaneous articles report the Farmers & Merchants (State) Bank at Saco did not open Monday after a 'slow run' and remained closed; no reopening described.

Description

Multiple contemporaneous newspaper reports (May 1927) state the Farmers & Merchants bank at Saco did not open for business Monday morning and that the closing is the result of a slow run. No articles mention a reopening or appointment of a receiver; closure appears permanent. Exact day inferred as the Monday immediately prior to the May 18–27, 1927 publications (taken as 1927-05-16).

Events (2)
1. May 16, 1927 Run
Cause Details
Newspapers report a slow run on the bank but give no specific trigger (no rumor, misstatement, correspondent failure, or bank scandal is described).
Newspaper Excerpt
It is reported that the closing is the result of a slow run.
Source
newspapers
2. May 16, 1927 Suspension
Cause Details
Bank closed (did not open) as a consequence of the reported slow run; no government action or receivership mentioned.
Newspaper Excerpt
The Farmers & Merchants' bank at Saco did not open for business Monday morning.
Source
newspapers

Newspaper Articles (6)
1. May 19, 1927 The Shelby Promoter Shelby, MT
Article from The Shelby Promoter, May 19, 1927

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Article Text

SACO BANK CLOSES. MALTA, May 18.-The Farmers & Merchants' bank at Saco did not open for business Monday morning, according to word received in Malta. It is reported that the closing is the result of a slow run. The bank was reorganized last fall with Harry Vagg president and F. D. Baer as cashier. This leaves the town of Saco without bank, as the First National bank there closed last June.

2. May 19, 1927 The Nashua Independent Nashua, MT
Article from The Nashua Independent, May 19, 1927

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Article Text

BANK AT SACO CLOSES FOLLOWING SLOW RUN The Farmers' and Merchants bank at Saco did not open for business Monday morning, according to word received in Malta. It 15 reported that the closing is the result of a slow run. The bank was organized last fall, with Harry Vagg, president, and F. D. Baer as.cashier. This leaves the town of Saco without a bank, as the First National Bank there closed last June.- Tri-

3. May 20, 1927 The Glasgow Courier Glasgow, MT
Article from The Glasgow Courier, May 20, 1927

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Article Text

FARMERS AND MERCHONTS BANK AT SACO IS CLOSED The Farmers' and Merchants' bank at Saco did not open for business Monday morning. It is reported that the closing is the result of slow run. The bank was reorganized last fall, with Harry Vagg, president, and F. D. Baer as cashier. This leaves the town of Saco without bank, as the First National bank there closed last June.

4. May 26, 1927 Hysham Echo Hysham, MT
Article from Hysham Echo, May 26, 1927

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Article Text

SLOW RUN CLOSES STATE BANK, LAST ONE AT SACO The Farmers' and Merchants' bank at Saco did not open for business Monday morning, according to word received in Malta. It is reported that the closing is the result of a slow run. The bank was reorganized last fall, with Henry Vagg, president, and F. D. Baer as cashier. This leaves the town of Saco without bank, as the First National bank there closed last June.

5. May 27, 1927 The Producers News Plentywood, MT
Article from The Producers News, May 27, 1927

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Article Text

BANK AT SACO CLOSES FOLLOWING RUN * * * * * * * * Malta. - The Farmers' and * Merchants' bank at Saco did not open for business Monday morning, according to word received * in Malta. It is reported that the * closing is the result of a slow run. The bank was reorganized last fall, with Harry Vagg, president, and F. D. Baer as cashier. * This leaves the town of Saco * without a bank, as the First National bank there closed last June,

6. May 27, 1927 The Producers News Plentywood, MT
Article from The Producers News, May 27, 1927

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Article Text

BANK AT SACO CLOSES FOLLOWING RUN Malta. The Farmers' and Merchants' bank Saco did not open for business Monday mornaccording to word received Malta. reported that the closing the result of The bank was reorganized last fall, with Harry Vagg, president, and D. Baer as cashier. This the town Saco without bank, as the First National bank there closed last June,