11561. Sumatra State Bank (Sumatra, MT)

Bank Information

Episode Type
Suspension → Reopening
Bank Type
state
Start Date
February 18, 1924
Location
Sumatra, Montana (46.618, -107.551)

Metadata

Model
gpt-5-mini
Short Digest
e2c806a7

Response Measures

None

Description

Articles report the Sumatra State Bank suspended on Feb 18, 1924 (described as voluntary) and later reopened on April 4, 1925. A receiver (R. L. Ross) was appointed after suspension. No explicit run on deposits is described in the articles.

Events (4)

1. February 18, 1924 Suspension
Cause
Voluntary Liquidation
Cause Details
Articles describe the suspension as voluntary and later reorganized under a reorganization plan; deposits were held in the bank's custody at suspension.
Newspaper Excerpt
suspension, February 18, 1924
Source
newspapers
2. April 4, 1925 Reopening
Newspaper Excerpt
reopened on April 4, 1925; it was reopened April 1925
Source
newspapers
3. October 1, 1925* Other
Newspaper Excerpt
make the first payment of 25 per cent of the deposits which were in the bank's custody at the time of its suspension ... payment ... is not due until April 1, 1926, but the bank has prospered since it was reopened and funds are now available to meet this account.
Source
newspapers
4. * Receivership
Newspaper Excerpt
R. L. Ross, receiver of the Sumatra State bank, was in Forsyth attending to matters of business Saturday. R. Ross ... named receiver upon petition of the depositors.
Source
newspapers

Newspaper Articles (12)

Article from Forsyth Times-Journal, April 2, 1925

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Article Text

Pltems of Local Interest Readers in news columns 16c per Mrs. L. R. Terrett returned Tues day from Myers where she spent the week end the guest of Mrs. J. B. Grierson. Emma Stoetzel and Elfie Tadsen, teachers in the Howard school were in Forsyth Saturday attending to bus iness and shopping. John Ruff was down from Vananda Monday to visit his daughter who is a patient in the Forsyth Deaconess hospital. Jess Nelson Chas. Deter and Carl Gillin, farmers from the Castle Rock country were witnesses for Earl Rice who made final proof on his homestead Monday before U. S. Commis sioner Muri. Earl Rice, farmer of the Castle Rock district, was a visitor in For syth Monday and stated that he was starting in to plow 300 acres with a tractor which he purchased recently. Mr. Rice expects to seed part. of this land to flax and corn and summer fallow the balance. Mrs. Frank Messer of Vananda was a shopper in Forsyth the first of the week. Fred Sauer, a farmer north of Vananda, spent several days in Forsyth this week. Frank Erzer who has been working for the Northern Pacific at Helena was visiting in Forsyth for a few days the first of the week. Dr. Leanna Terry, osteopathic physician of Miles City, will be at her office in the Hotel Alexander, Saturday, April 4th. Any one desiring an appointment may leave word at the hotel office. Adv. 29-tf Miss Henrietta Cook, teacher at the Cartersville school, was shopping here Saturday. Mrs. Blanche L. Lee of Bozeman, home demonstration leader, spent the first of the week in Forsyth and Rosebud county. Miss Wana Edwards who has been visiting friends in Forsyth for the past week went to the Edwards ranch near Colstrip Sunday to spend some time with her parents. Joe Rybolt, successful farmer of the Sweeney creek country, was in Forsyth Wednesday transacting matters of business and buying supplies. Mrs. C. B. Taber, accompanied by her daughter, Mrs. C. W. Higham, whom she has been visiting at her home in New Bedford, Mass., since in November, arrived in Forsyth Sun day. Mrs. L. R. Terrett was called to Billings Wednesday by the serious illness of her brother, J. E. Duff. Mrs. Fred McCormick of Finch was a Forsyth shopper Saturday. Mrs. A. R. Faust has returned from Thermopolis, Wyo., where she has been for the past six weeks in company with Mrs. W. J. Noble of Hysprings. Mrs. Faust was accompanled as far as Hysham by Mrs. Noble and is much improved in health. R. G. Meredith returned Tuesday from Lake Crystal, Minn., where he attended the funeral of his brother, Griff J. Meredith on Tuesday, March 24. The deceased was formerly employed at the Tepee garage at Forsyth, but had been suffering from tuberculosts. A sixteen car extra gang was made up in Forsyth Wednesday, leaving for Waco, Montana. Mr. and Mrs. Earl Starner have purchased the Chas. Smith bungalow in the west side and expect to thove into their new home in about a month. C. W. Burlison of Rosebud was in Forsyth the last of the week attending to business. Hugo Zehrfeld was in from his ranch on Armells creek Thursday and Friday buying supplies and attending to business. Mr. and Mrs. Denver Sherman were in Forsyth Friday from their ranch on Reservation creek shopping an attending to business. The Lutheran Ladies Aid society will meet at the home of Mrs. H. G. Amodt at 2:30 o'clock. Mr. and Mrs. J. E. Hanson of Ingo mar were in Forsyth Saturday shopping and attending to business. J. H. Polsin, well known farmer of the Cartersville district, was in For syth Saturday attending to matters of business. Mr. and Mrs. R. P. Warden has as their week end guest, Mr. Warden's sister, Mrs. T. S. Hunt of Broadview, who was on her way home from points in Iowa where she visited relatives. Mr. and Mrs. M. H. Francis were in Forsyth Saturday from their home up the Rosebud. Prof. and Mrs. Emil Peterson of Ingomar were in Forsyth Saturday and attended the boxing tournament that night. R. L. Ross, receiver of the Sumatra State bank, was in Forsyth attending to matters of business Saturday. W. C. Lippert, principal of the Rose bud high school, was transacting business here Saturday. Miss Louella Watson of Helen, representing the Continental Life Insurance company, was in Forsyth and Rosebud county the first of the week. Hugh Lennon, Maurice Davidson and Martin Lennon of Lee were business visitors in Forsyth Tuesday. Mrs. P. W. Johnson and Mrs. Chas. Ward will go to Hysham as delegates of the Presbyterian Missionary Society at Forsyth to attend the Presbyterial there Monday and Tuesday. Mr. and Mrs. W. F. Corcoran had as their guests the first of the week. Mrs. Corcoran's sister, Mrs. Hedges and Dr. Hedges of Lewistown. Mr. and Mrs. Chas. Holland accom panied by Mrs. Jessie Higham spent the first of the week in Ashland. Mrs. Mattie Boyd of Bozeman, Grand Warden of the Rebekah assembly, was in Forsyth Wednesday night for her official visit at the local lodge. Dr. L. L. Lamb leaves Forsyth to; night (Thursday) on a three months leave of absence, having been ordered to the west coast on account of ill health. Corry Wilson of Calabar was in For: syth Wednesday attending to business and visiting with old friends. Mrs. Ward will be hostess to the Presbyterian Aid society this afternoon (Thursday) at 2:30 to a special social entertainment in honor of the outgoing officers and those who took part in the play, "Mrs. Wiggs of the Cabbage Patch." H. V. Beeman, attorney-at-law made a business trip to Hysham Wednesday, returning the same day. Mr. and Mrs. C. H. Burley, Mr. and Mrs. J. G. Everett, and Mr. and Mrs. E. E. Fleming left Wednesday for Billings to spend a few days. Mrs. A. R. Cool of Treasure county was shopping in Forsyth the last of the week. Clarence Robinson and son Johnnie were Forsyth business visitors Saturday from their home in the Wolf Mountains. Anton Kenney and T. W. Brotherton, well known farmers of Sanders were in Forsyth Saturday buying farm machinery. Floyd Dowlin of Castle Rock was a Forsyth business visitor the last of the week. P. W. Johnson left Tuesday morning for his regular North Dakota trip after spending a week with his fantily in Forsyth. Mr. Johnson will return to spend Easter here. Mrs. L. M. Tull is spending the last of the week in Billings, leaving Thurs day morning. Miss Eleanor Neal, who has been in training at the Forsyth Deaconess hospital left Saturday for Colorado Springs, Colo., having been obliged to terminate training on account of ill health. Jas. Mitchell, who has been visiting his grandmother at Livingston for sev eral months returned Monday and is working on the C. S. Patterson ranch on the north side. Mrs. Elizabeth Theobald spent Saturday in Forsyth with her mother, Mrs. F. C. Owens and little daughter, Betty Lou Theobald, returning to Miles City where she is nursing in the Miles City hospital. NOTICE I have purchased the Pete Anderson blacksmith shop where general blacksmithing, plow work and horse shoeing will be given careful attention. Your patronage is solicited and prompt service and efficient work is guaranteed. George Roberts. Adv. 29-1


Article from The Roundup Record, October 16, 1925

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Article Text

Announcement was made last week the Sumatra State Bank that would make payment of 25 cent per on deposits which were in its custody the time of the bank's suspension Feb. 18, 1924. Under the reorganization plan the payment was not due till April 1926. R. Ross, brother of Mrs. W. Greening, was cashier of the bank the time of its voluntary and afterwards, upon petition of the depositors, named receiver. the with new capital of and surplus of $2,500, and Mr. Ross again as cashier.


Article from The Searchlight, October 28, 1925

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Article Text

Claims Paid Before Due Excellent business as well as the unqualified support of the community, enabled the Sumatra State bank has make the first payment of 25 per cent of the deposits which were in the bank's custody at the time of its suspension, February 1924. The officials of the bank payment, announced, is not due until April 1926, but the bank has prospered since was reopened on April and funds available to meet this are now account.


Article from Belt Valley Times, October 29, 1925

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Article Text

# Claims Paid Before Due Excellent business as well as the unqualified support of the community, has enabled the Sumatra State bank to make the first payment of 25 per cent of the deposits which were in the bank's custody at the time of its suspension, February 18, 1924. The payment, officials of the bank announced, is not due until April 1, 1926, but the bank has prospered since It was reopened on April 4, 1925, and funds are now available to meet this account.


Article from Belt Valley Times, October 29, 1925

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Article Text

Claims Paid Before Due Excellent business well the qualified support of the community. has enabled the Sumatra State bank make the first payment of 25 per of the deposits which in the bank's custody at the time of its suspension, February 18, 1924. The payment, officials of the bank announced, is not due until April 1926, but the bank has prospered since reopened on April 1925, and funds are now available to meet this account.


Article from The Forsyth Independent, October 29, 1925

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Article Text

Claims Paid Before Due Excellent business well as the qualified support of the community, has enabled the Sumatra bank make the first payment of 25 per cent of the deposits which in the bank's custody at the time of its pension, February 18. 1924. The payment, officials of the bank announced, not due until 1926, but the bank has prospered since reopened on April 1925, and funds are now available to meet this account.


Article from Three Forks Herald, October 29, 1925

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Article Text

Claims Paid Before Due Excellent business as well the qualified support of the community, has enabled the Sumatra State bank make the first payment of 25 per cent of the deposits which were in the bank's custody at the time of its suspension, February 18, 1924. The payment, officials of the bank announced, not due until April 1926, but the bank has prospered since was reopened April and funds are now available to meet this account.


Article from The Yellowstone, October 29, 1925

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Article Text

Claims Paid Before Due Excellent business as well the qualified support the community, has enabled the Sumatra State bank make the first payment of 25 per cent of the deposits which in the bank's custody at the time of its suspension, February 18, 1924. The payment, officials of the bank not due until April 1926, but the bank has prospered since reopened on April 1925, and funds are now available to meet this account.


Article from The Yellowstone, October 29, 1925

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Article Text

Claims Paid Before Due Excellent business as well the qualified support of the has enabled Sumatra State bank to make the first payment of 25 per cent of the deposits which bank's custody at the time of its suspension, February 18, 1924. The payment, officials of the bank announced, is not due until April 1926, but the bank has prospered since was reopened on April 1925, and funds are now available to this meet account.


Article from Plevna Herald, October 30, 1925

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Article Text

Claims Paid Before Due Excellent business well the qualified support the community, has enabled the Sumatra State bank make first payment of 25 per cent the deposits which in the bank's custody at the time of suspension, February 18, 1924. The payment, officials of the bank announced, is not due until April but the bank has prospered since reopened April 1925, and funds are now available to meet this account.


Article from Cut Bank Pioneer Press, October 30, 1925

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Article Text

Claims Paid Before Due Excellent well the qualified support of the community, has enabled the Sumatra State bank make the first payment of 25 cent of the deposits which in the bank's at the time of its pension, February 1924. The payment, officials of the bank announced, not due until April 1926, but the bank has prospered since reopened on April 1925, and funds now available to meet this account.


Article from The Ekalaka Eagle, October 30, 1925

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Article Text

Claims Paid Before Due Excellent business well as the qualified support of the community, enabled the Sumatra State bank has to make the first payment of 25 per cent of the deposits which in the bank's custody at the time of Its pension, February 18, 1924. The officials of the bank payment, announced, is not due until April but the bank has prospered since 1926, April 1925, and was reopened on funds are now available to meet this account.