First National Bank (Havre, MT)

View Charter #5676 on SPMC View balance sheet

Episode Information

Episode UID
567601286
Episode Type
Suspension → Closure
Bank Type
national
Bank ID
56760 national
Charter Number
5676
Start Date
February 1, 1907*
Location
Havre, Montana (48.550, -109.684)

Metadata

Model
gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
120154e35b08177e

Response Measures

None

Description

Articles show a minor 1907 run and a later institutional failure in 1923 with a receiver still in charge in 1927.

Events (5)
1. January 11, 1901 Chartered
Source
historical_nic
2. February 1, 1907* Run
Cause
Rumor Or Misinformation
Cause Details
Reported 'run' that proved limited to a few small depositors withdrawing funds and did not develop further
Newspaper Excerpt
the run on the First National bank, which was reported about the city but developed into nothing more than a desire on the part of some few small depositors to withdraw their money
Source
newspapers
3. February 6, 1909 Voluntary Liquidation
Source
historical_nic
4. January 1, 1923* Suspension
Cause
Bank Specific Adverse Info
Cause Details
Institution failed in 1923 (details not provided in these articles)
Newspaper Excerpt
the failure of the institution in 1923
Source
newspapers
5. February 22, 1927 Receivership
Newspaper Excerpt
Shelby-Frank Browne, receiver ... took charge of the First National here, today, relieving W. M. Wayman, who has been in charge since the failure of the institution in 1923.
Source
newspapers

Newspaper Articles (2)
1. February 8, 1907 The Havre Herald Havre, MT
Article from The Havre Herald, February 8, 1907

Click image to open full size in new tab

Article Text

A friend of the Man tells him an amusing incident which happened last week in connection with the "run" on the First National bank, which was reported about the city but developed into nothing more than a desire on the part of some few small depositors to withdraw their money and was not considered at the time worthy of notice. It seems that a working man 0

2. February 22, 1927 The Hill County Sunday Journal Havre, MT
Article from The Hill County Sunday Journal, February 22, 1927

Click image to open full size in new tab

Article Text

DEPUTY COLLECTOR DATES LOCAL MAN APPOINTED AT HAVRE SET FOR MARCH SHELBY BANK RECEIVER The Treasury department announees that Deputy Collector Harry L. Short will be at the Court House in Havre on March 1 to 4 and March 7 to 15, from 9 to 5 p. m., to assist with the and making returns. The deputy collector will give every assistance to parties SO that returns can be filed on time and be made out correctly. Shelby-Frank Browne, receiver of a number of defunct banks in the eastern part of the state, took charge of the First National here, today, relieving W. M. Wayman, who has been in charge since the failure of the institution in 1923. Besides the local bank, Mr. Browne takes over the entire affairs of the Cut Bank and Joplin banks. The affairs of all these banks are in the last stages of adjudication and the change was made in the interests of economy as the business will be handled by Mr. Browne from his headquarters in Havre. This move has been desired by Mr. Wawman for some time past. Mr. Wayman has not yet decided the course of his future activities but it is hoped that he may find something to interest him here so that he will remain.- C. D. Coover will retain his present position in the bank for some time.