The First National Bank of Carter suspended business in December 1923 and was placed in receivership. Articles from 1925 describe receiver activity (change of receiver and dividend distributions) indicating the bank remained closed and in receivership rather than reopening. No run is described.
Events (5)
1.May 18, 1917Chartered
Source
historical_nic
2.November 9, 1923Receivership
Source
historical_nic
3.December 1, 1923*Suspension
Cause
Government Action
Cause Details
Bank closed (suspended business) in December 1923 and subsequently placed in receivership; suspension appears administrative/failed-bank closure rather than a depositor run.
Newspaper Excerpt
The Carter First National closed in December, 1923 with deposits of approximately $75,000 and capitalization of $50,000. ... The dividend to be paid now is the first distribution since the bank suspended business.
Source
newspapers
4.July 10, 1925Receivership
Newspaper Excerpt
J. P. Rigler ... has been appointed receiver take the place of T. E. McClintock ... He also succeeds the receiverships of the First National bank of Highwood and First National bank of Carter.
Source
newspapers
5.August 14, 1925Other
Newspaper Excerpt
Receiver J. P. Rigler of the First National Bank of Carter, has made announcement of the immediate distribution of 20 per cent dividend to depositors of that ... The Carter First National closed in December, 1923 ... The dividend checks will be paid from Receiver Rigler's Great Falls office.
Source
newspapers
Newspaper Articles (3)
1.July 10, 1925The Great Falls LeaderGreat Falls, MT
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Article Text
RIGLER SUCCEEDS T. E. McCLINTOCK AS BANK RECEIVER
New Manager of Affairs of Defunct Institution Has Been in Montana 10 Years and Formerly Was Connected With War Finance Corp.
J. P. Rigler. for the last two years associated with the receiver. ship of the Commercial National bank of Great Falls, has been appointed receiver take the place of T. E. McClintock whose resignation was given the comptroller of the treasury July He also sueceeds the receiverships of the First National bank of Highwood and First National bank of Carter Mr. McClintock still Is receiver of the Stockmen's National bank of Fort Benton and the First National and Citizens National banks of Wyo Mr. Rigler has resided in Montana 10 years and formerly was connected with the War Finance corporation He now is representa tive of the Hanover National bank of New York in Montana, Idaho and South Dakota. The Commercial bank which failed October 4. 1922 with deposits one 15 per cent dividend year ago The Highwood bank has paid 1-2 per cent to date
2.August 14, 1925The Great Falls LeaderGreat Falls, MT
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Article Text
RECEIVER GIVES NOTICE OF BIG BANK DIVIDEND
Receiver J. P. Rigler of the First National Bank of Carter. has made announcement of the im. mediate distribution of 20 per cent dividend to depositors of that inamounting to about The Carter First National closed in December, 1923, with deposits of approximately $75,000 and capitalization of $50,000. The dividend to be paid now is the first distribution since the bank suspended business. The dividend checks will be paid from Receiver Rigler's Great Falls office.
3.August 19, 1925The River PressFort Benton, MT
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Article Text
Carter Bank To Pay Dividend
Great Falls. Immediate distribution by the First National bank of Carter was announced Wednesday by Receiver J. P. Rigler, who recently was appointed to the receivership of that bank and of the Commercial National bank of Great Falls. The total distribution will approximate $15,000. Payment of the dividend now follows collections on the bank's paper, which have created a cash fund that makes the distribution possible Receiver Rigler said. The location of the bank is one of the principle farming areas of northern Montana. The Carter First National closed in December, 1923 with deposits of approximately $75,000 and capitalization
