Farmers State Bank - Westby, MT

Bank Information

Episode Type: Suspension → Closure
Bank Type: state
Start Date: January 1, 1931*
Location: Westby, Montana (48.870, -104.052)

Metadata

Model: gpt-5-mini
Short Digest: 3e9c8e8b

Response Measures

None

Description

Article states the Farmers State Bank of Westby closed in 1931 and a state banking department receiver is distributing dividends in 1933. No run is mentioned; the bank was closed and in receivership.

Events (3)

1. January 1, 1931* Receivership

Newspaper Excerpt: W. F. Fellows, of the state banking department, is in Westby this week distributing another 10 percent dividend to the depositors of the Farmers State Bank of Westby which closed in 1931. ... The receiver stated that he hoped another dividend could be paid ...
Source: newspapers

2. January 1, 1931* Suspension

Cause Details: Article only states the bank 'closed in 1931' without giving a cause for the suspension/closure.
Newspaper Excerpt: the Farmers State Bank of Westby which closed in 1931.
Source: newspapers

3. March 30, 1933 Other

Newspaper Excerpt: Depositors of Westby Bank Receive Another Dividend ... is in Westby this week distributing another 10 percent dividend to the depositors ... This makes a total of 30 percent which has been paid to depositors of this bank.
Source: newspapers

Newspaper Articles (1)

1. March 30, 1933 Plentywood Herald Plentywood, MT

Article from Plentywood Herald, March 30, 1933

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Article Text

Depositors of Westby Bank Receive Another Dividend W. F. Fellows, of the state banking department, is in Westby this week distributing another 10 percent dividend to the depositors of the Farmers State Bank of Westby which closed in 1931. This makes a total of 30 percent which has been paid to depositors of this bank. Mr. Fellows stated that payments to depositors ranged all the way from 10c to $300. The payment was coming at a time when it would be great help to farmers in putting in their crops. Some were so enthusiastic when the announcement was received, that, rather than wait until Thursday when payment was to have been made, they drove to Plentywood to get their dividend. The receiver stated that he hoped another dividend could be paid depositors of the Merchants State bank of Plentywood in the near future, although collections in this section had been poor.