Milk River Valley Bank

Episode Information

Episode UID: 5756775391494
Episode Type: Suspension → Closure
Bank Type: state
Bank ID: 575677539 hash
Start Date: June 26, 1924
Location: Glasgow, Montana (48.197, -106.637)

Metadata

Model: gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest: 6880dadb61ccb96a

Response Measures

None

Description

Bank closed voluntarily due to insufficient business; no receivership mentioned.

Events (1)

1. June 26, 1924 Suspension

Cause: Voluntary Liquidation
Cause Details: Not enough business to make expenses; officials state move was voluntary and long contemplated.
Newspaper Excerpt: The Milk River Valley Bank will be liquidated... The bank did not open Friday morning, ceasing to exist except as a clearing house for its affairs.
Source: newspapers

Newspaper Articles (1)

1. June 26, 1924 The Valley Tribune Bainville, MT

Article from The Valley Tribune, June 26, 1924

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Article Text

Glasgow Bank To Close Voluntarily Glasgow.—The affairs of the Milk River Valley Bank will be liquidated at the earliest possible time The bank did not open Friday morning, ceasing to exist except as a clearing house for its affairs. Officials of the bank state that the move has been contemplated for some time and that the decision was finally made early last week. "Not enough business to make expenses," is given as the reason of the step. It is understood that depositors whose accounts date from the reopening of the institution on Aug. 1, 1922, will be paid in full very shortly and those who signed up in 1922 for the reopening will receive the agreed half of their deposits and a good share, if not all of the remaining half which was placed in the depositor's guarantee fund. T. H. Markle is the bank's president, John Eechart, vice president, S. C. Small, cashier. Other directors are John Eechepare and Durell brothers.