Loma State Bank (Loma, MT)

Episode Information

Episode Type
Suspension → Closure
Start Date
July 5, 1923
Location
Loma, Montana (47.937, -110.504)
Bank Type
state
Routing Number
93-0359

Metadata

Episode ID
Bank ID
City ID
300773566
Model
gpt-5-mini
Short Digest

Notes

No explicit receiver named in available articles; subsequent legal action against bondsmen implies failure.

Events (2)
1. July 5, 1923 Suspension
Cause
Bank Specific Adverse Info
Cause Details
Failed to open July 5, 1923; banks were principally owned by Davidson-Hegge interests suggesting bank-specific insolvency/distress.
Newspaper Excerpt
The First National Bank at Big Sandy, the Carter State bank of Fort Benton, and the Loma State bank, all Choteau county institutions, failed to open Thursday morning, July 5.
Source
newspapers
2. December 14, 1923 Other
Newspaper Excerpt
County Attorney W. S. Towner this week attached personal property of bondsmen of the Carter State Bank of Carter and the Loma State Bank at Loma. The amount of county money in the Loma institution was $6,600 ...
Source
newspapers

Newspaper Articles (2)
1. July 12, 1923 Hysham Echo Hysham, MT
Article from Hysham Echo, July 12, 1923

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Article Text

THREE CHOTEAU COUNTY BANKS CLOSE THURSDAY

The First National Bank at Big Sandy, the Carter State bank of Fort Benton, and the Loma State bank, all Choteau county institutions, failed to open Thursday morning, July 5. These banks were principally owned by Davidson-Hegge interests.

Big Sandy residents are said to have threatened Cashier Fred Miller, of the national bank there with bodily injury, but the threatened row was averted when the Big Sandy men learned that the closing order covered all three banks.

2. December 14, 1923 The Chouteau County Independent Fort Benton, MT
Article from The Chouteau County Independent, December 14, 1923

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Article Text

ACTION TO COLLECT FUNDS

County Attorney W. S. Towner this week attached personal property of bondsmen of the Carter State Bank of Carter and the Loma State Bank at Loma. The amount of county money in the Loma institution was $6,600 while at Carter the county had $6,330 on deposit.

In the case of the First National Bank of Carter, the deposit amounting to about $13,000 was largely covered, there being a $10,000 surety bond and the balance by personal bond.