American National Bank - Three Forks, MT

Bank Information

Episode Type: Suspension → Closure
Bank Type: national
Bank ID: 10996
Charter Number: 10996
Start Date: February 1, 1922*
Location: Three Forks, Montana (45.891, -111.552)

Metadata

Model: gpt-5-mini
Short Digest: 0bcb4384

Response Measures

None

Description

Article (Feb 17, 1922) states the American National Bank of Three Forks was closed by the national bank examiner due to collateral shrinkage and farmers' inability to meet loans. No run is mentioned; closure is by government examiner, so classified as suspension_closure.

Events (1)

1. February 1, 1922* Suspension

Cause: Government Action
Cause Details: Closed by the national bank examiner because collateral values had shrunk and local farmers could not meet their loans.
Newspaper Excerpt: The American National bank of Three Forks was closed by the national bank examiner recently owing to shrinkage in the values of collateral for loans and inability of farmers in that vicinity to meet their loans.
Source: newspapers

Newspaper Articles (1)

1. February 17, 1922 Clearwater Republican Orofino, ID

Article from Clearwater Republican, February 17, 1922

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Article Text

D IMPORTANT NEWS OF BOTH HEMISPHERES BOILED DOWN TO LAST ANALYSIS. ARRANGED FOR QUICK READING Brief Notes Covering Happenings in This Country and Abroad That Are of Legitimate Interest to All the People. Canadians Can Export Beer. WINDSOR, Ont.-Exporting beer from border cities to the United States is legal as far as Canada is concerned. Hail Stones Half Inch Thick. SACRAMENTO, Cal.-Hailstones measuring almost a half inch in diameter peppered this city recently during one of the most severe storms experienced in many years. Naval Academy Students Fail. ANNAPOLIS, Md.-One hundred and four midshipmen were found deficient in their studies as a result of the semi-annual examinations at the naval academy and will be compelled to resign. Work Gets Hay's Job. WASHINGTON. - As the time draws near for Postmaster General Hays to leave the cabinet the word from administration sources is that Dr. Hubert Work, assistant postmaster general, will be appointed in his stead. Montana Bank Is Closed. BOZEMAN, Mont.-The American National bank of Three Forks was closed by the national bank examiner recently owing to shrinkage in the values of collateral for loans and inability of farmers in that vicinity to meet their loans. Free Booze for Sick. WASHINGTON.-Federal prohibition directors in all states have been instructed by Commissioner Haynes to cooperate to the fullest extent with physicians and druggists wherever influenza is raging or there is other public catastrophe requiring liquor. Call in Tax Exempt Bonds. WASHINGTON.-Announcement is made by Secretary Mellon that the $400,000,000 outstanding on tax exempt 3 3-4 per cent Victory notes have been called for redemption at par on June 15 and that the conversion privilege of Victory notes suspended beginning February 9. Boy Quadruplets Born. WEST PLAINS, Mo.-Many citizens of this place and surrounding territory traveled to Brandsville, near here, to see the bodies of the boy quadruplets born to Mrs. Stonewall Willard before the burial. The boys each weighed nearly four pounds. They were born Saturday, but died shortly after their birth. Mrs. Willard has six living children.