Farmers State Bank (Westby, MT)

Episode Information

Episode UID
93032671614
Episode Type
Suspension → Closure
Bank Type
state
Bank ID
9303267 routing
Routing Number
93-0326
Start Date
June 28, 1934
Location
Westby, Montana (48.870, -104.052)

Metadata

Model
gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
47696dafb9df2861

Response Measures

None

Description

Articles show the bank has been closed and is in liquidation; exact suspension/closure date and cause not stated.

Events (3)
1. June 28, 1934 Other
Newspaper Excerpt
Westby Bank Will Pay Sixth Dividend ... to pay another dividend of 10 per cent to all depositors.
Source
newspapers
2. August 23, 1934 Other
Newspaper Excerpt
Depositors of Westby Bank Get 7th Dividend ... checks are being mailed out this week to depositors of the Farmers State Bank of Westby in payment of a ten per cent dividend.
Source
newspapers
3. * Receivership
Newspaper Excerpt
this is the sixth dividend ... since it closed its doors more than two years ago ... liquidating agent for the Farmers State Bank of Westiby, received authorization from the state banking board
Source
newspapers

Newspaper Articles (2)
1. June 28, 1934 Plentywood Herald Plentywood, MT
Article from Plentywood Herald, June 28, 1934

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Article Text

Westby Bank Will Pay Sixth Dividend W. F. Fellows, liquidating agent for the Farmers State Bank of Westiby, received authorization from the state banking board Wednesday to pay another dividend of 10 per cent to all depositors. This is the sixth dividend to be declared for the Westby institution since it closed its doors more than two years ago, and makes a total of 50 per cent of total deposits which have been paid. Payments to individuals on this dividend will run from a few cents to $700.

2. August 23, 1934 Plentywood Herald Plentywood, MT
Article from Plentywood Herald, August 23, 1934

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Article Text

Depositors of Westby Bank Get 7th Dividend Checks are being mailed out this week to depositors of the Farmers State Bank of Westby in payment of a ten per cent dividend. The total amount of the payment will be something over $6,000. This is the seventh dividend to be paid and brings the total to more than $36,000, which, together with $42,000 paid in prefer red claims, interest and expenses, makes an aggregate amount of more than $80,000 that has been realized on the assets of the bank. W. F. Fellows, the liquidating agent, states that individual checks will run all the way from one dollar up to $400. He anticipates that even further dividends may be paid yet this year.