First National Bank - Three Forks, MT

Bank Information

Episode Type: Suspension → Reopening
Bank Type: national
Bank ID: 9337
Charter Number: 9337
Start Date: January 31, 1923
Location: Three Forks, Montana (45.891, -111.552)

Metadata

Model: gpt-5-mini
Short Digest: 14c3b7ae

Response Measures

None

Description

Article (Bozeman Courier, 1923-01-31) reports the First National Bank of Three Forks voluntarily suspended operations because an unexpectedly called large loan reduced reserves; officers suspended until arrangements could be made to resume business. No run is mentioned; suspension described as temporary and bank expected to reopen.

Events (1)

1. January 31, 1923 Suspension

Cause: Bank Specific Adverse Info
Cause Details: A large loan was unexpectedly called, reducing the bank's reserve and prompting a voluntary suspension until arrangements could be made to resume business.
Newspaper Excerpt: the calling of a large loan unexpectedly which the bank had carried since reopening in 1921, had reduced the reserve of the bank to such an extent the officers of the bank decided to suspend until arrangements might be made to resume business.
Source: newspapers

Newspaper Articles (1)

1. January 31, 1923 The Bozeman Courier Bozeman, MT

Article from The Bozeman Courier, January 31, 1923

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Article Text

BANK TO OPEN SOON. Reports from Three Forks, together with a statement issued by President J. E. Barnes of, the First National Bank, assures the opening of that institution within the next 30 days. Mr. Barnes stated that the calling of a large loan unexpectedly which the bank had carried since reopening in 1921, had reduced the reserve of the bank to such an extent the officers of the bank decided to suspend until arrangements might be made to resume business. The assets of the bank are in fine shape and the condition of the bank is most satisfactory.