Single short notice (Evening Star, Dec 27, 1930) reports the Elling State Bank closed yesterday and cites frozen assets as the cause. No mention of depositor run or reopening; closure appears permanent. Classified as suspension leading to closure. State in name indicates a state bank.
Events (1)
1.December 27, 1930Suspension
Cause
Bank Specific Adverse Info
Cause Details
Bank closed due to frozen assets (assets unavailable/liquid) assigned as cause of closure.
Newspaper Excerpt
The Elling State Bank of this city, capitalized at $50,000, closed yesterday. Frozen assets were assigned as the cause.
Source
newspapers
Newspaper Articles (1)
1.December 28, 1930Evening StarWashington, DC
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Article Text
Montana Bank Closed. VIRGINIA CITY, Mont., December 27 (A).-The Elling State Bank of this city, capitalized at $50,000, closed yesterday. Frozen assets were assigned as the cause.