Article names D. H. Corcoran as receiver, indicating the bank was in receivership/closed.
Events (1)
1.April 23, 1925Receivership
Newspaper Excerpt
The State Bank of Shawmut and D. H. Corcoran, as Receiver of the State Bank of Shawmut.
Source
newspapers
Newspaper Articles (1)
1.April 23, 1925The Times ClarionHarlowton, MT
Click image to open full size in new tab
Article Text
SHERIFF'S SALE
Adello H. Seever,
Plaintiff
Edward A. Pettis and Florence C. Pettis, husband and wife: The State Bank of Shawmut and D. H. Corcoran, as Receiver of the State Bank of Shawmut.
Bank runs are almost always and everywhere a deterioration of bank fundamentals.
But not for you.
You are the measure-zero exception: great fundamentals, solid bank, and yet the Diamond Dybvig fairy spread its rumor. Depositors woke up. Your collateral was not prepositioned. The Clearinghouse had it for you.
Do not pass Go. Do not collect $200. Go directly to jail… or worse.