Melstone State Bank (Melstone, MT)

Episode Information

Episode UID
93021571515
Episode Type
Suspension → Closure
Bank Type
state
Bank ID
9302157 routing
Routing Number
93-0215
Start Date
March 20, 1926
Location
Melstone, Montana (46.599, -107.872)

Metadata

Model
gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
6fb3e0529f521600

Response Measures

None

Events (1)
1. March 20, 1926 Receivership
Newspaper Excerpt
Receiver E. A. Cornwell of Forsyth, closed up the affairs of the Melstone State bank last week by selling at public auction the bank's remaining assets.
Source
newspapers

Newspaper Articles (2)
1. March 20, 1926 Ingomar Independent Ingomar, MT
Article from Ingomar Independent, March 20, 1926

Click image to open full size in new tab

Article Text

RECEIVER CLOSES OUT MELSTONE BANK AFFAIRS Receiver E. A. Cornwell of Forsyth, closed up the affairs of the Melstone State bank last week by selling at pubHe auction the bank's remaining assets. First to be sold were individual notes all the way from a very few dollars each up to $17,000. Bids as low as 25 cents were entertained, and in no case did even a large note running up to four figures bring more than $65. After all the notes were individually that could be the others. totaling about $35,000, were offered in a bunch and sold for less than one hundred dollars. It was very Interesting to note that in many instances the makers of the notes were present and were able to purchase some very sizeable evidence of indebtedness for a bid of less than a dollar, that they could not otherwise meet.

2. March 20, 1926 The Garfield County Journal Edwards, MT
Article from The Garfield County Journal, March 20, 1926

Click image to open full size in new tab

Article Text

RECEIVER CLOSES OUT MELSTONE BANK AFFAIRS Receiver E. A. Cornwell of Forsyth, closed up the affairs of the Melstone State bank last week by selling at public auction the bank's remaining assets. First to be sold were individual notes all the way from a very few dollars each up to $17,000. Bids as low as 25 cents were entertained, and in no case did even a large note running up to four figures bring more than $65. After all the notes were sold individually that could be the others, totaling about $35,000, were offered in a bunch and sold for less than one hundred dollars. It was very interesting to note that in many instances the makers of the notes were present and were able to purchase some very sizeable evidence of Indebtedness for a bid of less than a dollar, that they could not otherwise meet.