9995. Drummond State Bank (Drummond, MT)

Bank Information

Episode Type
Suspension → Closure
Bank Type
state
Start Date
June 4, 1930
Location
Drummond, Montana (46.667, -113.147)

Metadata

Model
gpt-5-mini
Short Digest
1a2879112a7bc6bc

Response Measures

None

Description

Newspaper notices (June 1930) show the Drummond State Bank in receivership with the receiver advertising sale of bank assets (dated June 4, 1930; sale June 26, 1930). No articles mention a depositor run; the bank was closed and a receiver appointed, so classified as a suspension leading to permanent closure/receivership.

Events (3)
1. June 4, 1930 Receivership
Newspaper Excerpt
H. A. FEATHERMAN, Receiver for the Drummond State Bank (Notice dated this 4th day of June, 1930). Sale to be held June 26, 1930 at Hotel Drummond, Mont.)
Source
newspapers
2. June 4, 1930 Suspension
Cause
Government Action
Cause Details
Bank placed in receivership (receiver H. A. Featherman appointed); payments suspended and assets to be sold.
Newspaper Excerpt
Office of the Receiver of the Drummond State Bank RECEIVER'S NOTICE OF SALE OF PERSONAL PROPERTY Belonging to Said Bank Done and dated this 4th day of June, 1930.
Source
newspapers
3. June 26, 1930 Other
Newspaper Excerpt
Notice ... will on Thursday the 26 day of June, 1930, and beginning at the hour of 1:30 p. m., sell at public auction all of the promissory notes and personal property to the highest and best bidder for cash.
Source
newspapers

Newspaper Articles (3)
1. June 6, 1930 The Philipsburg Mail Philipsburg, MT
Article from The Philipsburg Mail, June 6, 1930

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Article Text

Office of the Receiver of the Drummond State Bank RECEIVER'S NOTICE OF SALE OF PERSOOAL PROPERTY Belonging to Said Bank Notice is hereby given that the undersigned Receiver of the Drummond State Bank will on Thursday the 26 day of June, 1930, and beginning at the hour of 1:30 p. m., sell at public auction all of the promisory notes and personal property to the highest and best bidder for cash. Said sale will take place and be conducted at Hotel Drummond, Mont. Done and dated this 4th day of June, 1930. H. A. FEATHERMAN, Receiver for the Drummond State 23-25

2. June 13, 1930 The Philipsburg Mail Philipsburg, MT
Article from The Philipsburg Mail, June 13, 1930

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Article Text

Office of the Receiver of the Drummond State Bank NOTICE OF SALE OF PERSOOAL PROPERTY Belonging to Said Bank Notice is hereby given that the undersigned Receiver of the Drummond State Bank will on Thursday the 26 day of June, 1930, and beginning at the hour of 1:30 p. m., sell at public auction of the promisory notes and personal property to the highest and best bidder for cash. Said sale will take place and be conducted at Hotel Drummond, Mont. Done and dated this 4th day of June, 1930. H. A. FEATHERMAN, Receiver for the Drummond State Bank 23-25

3. June 20, 1930 The Philipsburg Mail Philipsburg, MT
Article from The Philipsburg Mail, June 20, 1930

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Article Text

Office of the Receiver of the Drummond State Bank RECEIVER'S NOTICE OF SALE OF PERSOOAL PROPERTY Belonging to Said Bank Notice is hereby given that the undersigned Receiver of the Drummond State Bank will on Thursday the 26 day of June, 1930, and beginning at the hour of 1:30 I m., sell at publie auction all of the promisory notes and personal property to the highest and best bidder for cash. Said sale will take place and be conducted at Hotel Drummond, Mont. Done and dated this 4th day of June, 1930. H. A. FEATHERMAN, Receiver for the Drummond State Bank. 23-25