Yellowstone Valley Bank & Trust Company

Bank Information

Episode Type: Suspension → Closure
Bank Type: trust company
Start Date: March 23, 1922
Location: Sidney, Montana (47.717, -104.156)

Metadata

Model: gpt-5-mini
Short Digest: 6e37e857

Response Measures

None

Description

Article (Mar 24, 1922) reports the bank closed its doors 'yesterday' (so closed Mar 23, 1922) voluntarily by directors; a state deputy superintendent was appointed receiver Mar 24, 1922. Causes cited: deficient reserve and poor collections. Classified as suspension with permanent closure/receivership.

Events (2)

1. March 23, 1922 Suspension

Cause: Voluntary Liquidation
Cause Details: Closed voluntarily by the directors due to a deficient reserve and poor collections; bank suspended operations on Mar 23, 1922.
Newspaper Excerpt: has been appointed ... to take temporary charge of the Yellowstone Valley Bank and Trust company of Sidney which closed its doors yesterday.
Source: newspapers

2. March 24, 1922 Receivership

Newspaper Excerpt: C. M. McCoy, deputy superintendent of banks for Montana, has been appointed by State Bank Examiner L Q. Skelton to take temporary charge of the Yellowstone Valley Bank and Trust company of Sidney which closed its doors yesterday.
Source: newspapers

Newspaper Articles (1)

1. March 24, 1922 Casper Daily Tribune Casper, WY

Article from Casper Daily Tribune, March 24, 1922

Click image to open full size in new tab

Article Text

Receiver For Bank Is Named HELENA, Mont., March 24.-C. M. McCoy, deputy superintendent of banks for Montana, has been appointed by State Bank Examiner L Q. Skelton to take temporary charge of the Yellowstone Valley Bank and Trust company of Sidney which closed its doors yesterday. The bank was capitalized at $100,000. had deposits of $388,035.09 on December last, a surplus of $15,000 and undivided profits of $30,407. A deficient reserve and poor collections were given as the principal causes of the bank's suspension. The institution was closed voluntarily by the directors. The president was Dr. J. J. Gelz and the cashier Joseph A. Schmid. The bank was organized in 1916 and was a result of a merger of the Yellowstone National and Farmers' National