Stockman's National Bank

Bank Information

Episode Type: Suspension → Closure
Bank Type: national
Bank ID: 11220
Charter Number: 11220
Start Date: January 6, 1925
Location: Columbus, Montana (45.637, -109.252)

Metadata

Model: gpt-5-mini
Short Digest: 97d10398369c5a53

Response Measures

None

Receivership Details

Depositor recovery rate: 30.8%
Date receivership started: 1925-01-07
Date receivership terminated: 1933-01-03
OCC cause of failure: Economic conditions
Share of assets assessed as good: 20.2%
Share of assets assessed as doubtful: 38.3%
Share of assets assessed as worthless: 41.4%

Description

Article (Absarokee Enterprise, 1925-01-08) reports the Stockmens National Bank at Columbus suspended after an examiner confronted directors; closure appears forced by a regulator. No run is mentioned. The piece implies an orderly closing with depositors to be paid in full; no reopening or receivership is reported, so I classify as suspension_closure though permanent closure/receivership is not explicitly stated. OCR corrected bank name to 'Stockman's/Stockmens' as the article uses 'Stockmens National Bank.'

Events (3)

1. August 9, 1918 Chartered

Source: historical_nic

2. January 6, 1925 Suspension

Cause: Government Action
Cause Details: Bank examiner met with directors and, after refusing to grant more time to make good poor accounts, forced the bank to close its doors to avoid criminal liability.
Newspaper Excerpt: Word reached Absarokee Tuesday morning of the suspension of the Stockmens National Bank at Columbus. The examiner met with the directorate of the bank Monday ... it was decided to close the doors of the institution.
Source: newspapers

3. January 7, 1925 Receivership

Source: historical_nic

Newspaper Articles (1)

1. January 8, 1925 The Absarokee Enterprise Absarokee, MT

Article from The Absarokee Enterprise, January 8, 1925

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Article Text

Stockmens Bank Closes. Word reached Absarokee Tuesday morning of the suspension of the Stockmens National Bank at Columbus. Over a year age word was given out that the bank was in an unsafe condition, but of recent date it was thought by all that they were pulling safely through the financial depression that has so nearly wrecked the whole country, and confidence had almost fully been restored. The examiner met with the directorate of the bank Monday, and from all accounts a stormy session followed un. tii an early hour Tuesday morning, the bank officials asking a few more hours to shape themselves and make good all poor accounts. The examiner obdurate, and gave from three o'clock a. m. until nine, the time for opening the bank, making it impossible To avoid being held criminally liable it was decided to close the doors of the institution. Not a ripple of excitement was caused by the bank suspension, and it is understood by those in a position to know, that the depositors will be paid in full.