First National Bank (Polson, MT)

Episode Information

Episode UID
944901493
Episode Type
Suspension โ†’ Closure
Bank Type
national
Bank ID
94490 national
Charter Number
9449
Start Date
May 1, 1924*
Location
Polson, Montana (47.694, -114.163)

Metadata

Model
gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
c3d96cde48c245df

Response Measures

None

Receivership Details

Depositor recovery rate
28.0%
Date receivership started
1924-03-22
Date receivership terminated
1928-12-31
OCC cause of failure
Economic conditions
Share of assets assessed as good
25.9%
Share of assets assessed as doubtful
50.5%
Share of assets assessed as worthless
23.7%

Description

OCR errors in articles corrected (e.g., names/phrasing).

Events (4)

1. June 16, 1909 Chartered
Source
historical_nic
2. March 22, 1924 Receivership
Source
historical_nic
3. May 1, 1924* Suspension
Cause
Government Action
Cause Details
Bank closed and placed in receivership approximately 1.5 years earlier (per articles)
Newspaper Excerpt
has been receiver of the First National bank of Polson since it closed a year and a half ago
Source
newspapers
4. November 20, 1925 Receivership
Newspaper Excerpt
R. C. Riddick, who has been receiver of the First National bank of Polson ... has resigned and has been succeeded by J. M. Swan
Source
newspapers

Newspaper Articles (10)

Article from The Valerian, November 13, 1925

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Article Text

Receiver for Three Banks Riddick, who has been receiver of the First National bank Polson since closed year and half has resigned and has been succeeded Swan, who is of the by First National banks Ronan and Charlo. Mr. Swan will handle the afof all three banks and will be fairs assisted by Livingston.


Article from The Searchlight, November 18, 1925

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Article Text

Receiver for Three Banks R. Riddick, who been receiver the First National bank of Polson since closed year and half ago, has and has been succeeded Swan, who receiver the by First National banks at and Charlo. Mr. Swan handle the afof all three banks and will assisted by Livingston.


Article from Belt Valley Times, November 19, 1925

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Article Text

Receiver for Three Banks Riddick, has been receiver the First National bank of Polson since closed and half ago, has resigned and has been Swan, who of the First National banks and Charlo. Mr. Swan will handle the fairs of all three banks and will assisted by Livingston.


Article from The Forsyth Independent, November 19, 1925

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Article Text

Receiver for Three Banks R. Riddick, who has been receiver of the First National bank of Polson since closed year and half has resigned and has been succeeded by Swan, who receiver of the First National banks at and Charlo. Mr. Swan will handle the fairs of all three banks will be assisted by Livingston.


Article from Three Forks Herald, November 19, 1925

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Article Text

Receiver for Three Banks R. Riddick, who has been receiver the First National bank of Polson since closed and half ago, year and has been succeeded has Swan, of the National banks and First Charlo. Mr. Swan will handle the afof all three banks and will fairs assisted by Livingston.


Article from The Yellowstone, November 19, 1925

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Article Text

Receiver for Three Banks R. has been receiver of the First National bank Polson since closed year and half has resigned and has been succeeded Swan, who receiver of the First National banks and Charlo. Mr. Swan will handle the fairs of all three banks and will assisted by Livingston.


Article from Ashland Pioneer Press, November 20, 1925

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Article Text

Receiver for Three Banks R. C. Riddick. who has been receiver of the First National bank of Polson since it closed a year and a half ago, has resigned and has been succeeded by J. M. Swan, who is receiver of the First National banks at Ronan and Charlo. Mr. Swan will handle the affairs of all three banks and will be assisted by C.D. Livingston.


Article from The Kremlin Chancellor, November 20, 1925

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Article Text

Receiver for Three Banks who has been receiver the National bank Polson since closed year and half has resigned and has been succeeded by Swan, who receiver of the First National banks Ronan and Charlo. Mr. Swan will handle the fairs all three banks and will be assisted by Livingston.


Article from The Liberty County Times, November 20, 1925

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Article Text

Receiver for Three Banks who has been receiver Riddick, National bank of Polson of the First closed and half ago, since it year has been succeeded has resigned and receiver of the Swan, who by banks Ronan and First National Swan will handle the afCharlo. Mr. banks and will be of all three fairs by Livingston. assisted


Article from Plevna Herald, November 20, 1925

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Article Text

Receiver for Banks Riddick, who has of the First National bank of Polson since closed year and half has and Swan, who receiver the First National banks Ronan and Charlo. Mr. Swan will handle the fairs of all three banks and will be assisted by Livingston.