10173. Philipsburg State Bank (Philipsburg, MT)

Bank Information

Episode Type
Suspension โ†’ Closure
Bank Type
state
Start Date
September 10, 1926
Location
Philipsburg, Montana (46.332, -113.294)

Metadata

Model
gpt-5-mini
Short Digest
734cab2e8ee1a83e

Response Measures

None

Description

Articles (Sept 10, 1926 and Apr 1927) show receiver petitions for Philipsburg State Bank were granted and a receiver was acting; later foreclosure sale referenced. No article describes a depositor run. This indicates the bank was suspended/placed in receivership and did not resume operations.

Events (3)

1. September 10, 1926 Receivership
Newspaper Excerpt
orders authorizing the granting of said petitions were signed and ordered filed (receiver's petitions in matters of the State of Montana vs. the Philipsburg State Bank).
Source
newspapers
2. September 10, 1926 Suspension
Cause
Government Action
Cause Details
Receiver's petitions presented and orders authorizing receivers were signed by the court, indicating closure by appointment of a receiver.
Newspaper Excerpt
In the matters of the State of Montana vs. the Philipsburg State Bank ... several receiver's petitions were presented to the Court and orders authorizing the granting of said petitions were signed and ordered filed.
Source
newspapers
3. April 25, 1927 Other
Newspaper Excerpt
Sheriff's sale ... wherein ... the Philipsburg State Bank, a corporation and H A as Receiver of the State Bank a corporation, Defendants. ... on the 25th day of April 1927 ... to sell described property ... to satisfy plaintiffs' judgment and decree.
Source
newspapers

Newspaper Articles (2)

Article from The Philipsburg Mail, September 10, 1926

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Article Text

Brief Session of District Court Held Last Tuesday Judge George B. Winston held a brief session of district court Tuesday but attended to a number of cases. Adetailed account of the matters is as follows. In the matter of the estate of Peter S. Mussigbrod, deceased the hearing on the petition for an order directing executors to convey certain real property to petitioners and the hearing on the objections thereto were this day continued to Tuesday the 7th day of December, 1926, at 9:30 a. m. In the matter of the estate of Edward Challander, deceased, Hearing was this day had upon the petition for the determination and adjudiciation of heirship in the above entitled matter. Documentary evidence in support of said petition was offered, produced and the matter submitted to the Court for consideration and decision. In the matter of the estate of Enos Lish, deceased, a hearing was this day had upon an order to show cause why sale of real estate should not be made. Documentary evidence in support of the petition for an order of sale of real estate was offered and produced and presented to the Court and the matter submitted to the Court and the Court having duly considered the same, ordered that said petition be granted and an order of sale of real estate was signed and ordered filed in said matter. In the two actions entitled G. C. Dalberg VS. Chris Lannen, the demurrer to plaintiff's amended complaint and the demurrer to plaintiff's complaint were thi S day by the Court overruled and defendant granted up to and including the 1st day of October. 1926, in which to In the action entitled Henry A. Kroger, treasurer of Granite County vs. William Lyon, et al, defendant's demurrer to plaintiff's complaint was by the Court overruled and defendants granted up to and including the 1st *day of October, 1926, in which to answer. In the actions entitled Julia S. Morse, vs. Sam B. Clark, et al, and Frank M. Morse vs. Sam B. Clark et al, an order was made overruling the motions to strike of the plaintiff's and the defendant, V. B. Morse. tiffs' and the defendant, V. B. Morse, were granted 10 days in which to further plead. The bonds of the County Commissioners were this day inspected by the Court and by the Court found to be sufficient. Reports of the month of August of persons heretofore granted an allowance under the mother's Pension act of the State of Montana, were this day examined by the Court and by the Court approved. In the matters of the State of Montana vs. the Philipsburg State Bank and the State of Montana VS. the Drummond State Bank, several receiver's petitions were presented to the Court and orders authorizing the granting of said petitions were signed and ordered filed. In the matter of the estate of Ellen Thomas, deceased, an order fixing Tuesday. the 21st day of September, 1926 as the time for hearing the final account of the executors of the last will and testament of said hearing the petitions for distribution and the determination and adjudiciation of inheritance tax.


Article from The Philipsburg Mail, April 15, 1927

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Article Text

NOTICE OF SHERIFF'S SALE ON FORECLOSURE OF MOTGAGE In the District Court of the Third Judicial District of the State Montana, in and for the County of Granite. John W. Duffy and A Hannah, Plaintiffs. Malon L Hastings and Myrtle L Hastings, his wife, W Hover and Lucille Hover, his wife, Beverly Hill Stock Farm a corporation, Philipsburg State Bank, corporation, and H A as Receiver of the State Bank a corporation, Defendants. Under and by virtue of a Decree of Foreclos duly, given, made and entered in the District Court of the Third Judicial District of the State of Montana, in and for County on the 29th, day October, in the year 1925, in the above entitled action, wherein John W Duffy and E Hannah the above named plaintiffs, obtaine judgment and Decree against Malon L Hastings Myrtle L Hastings, W Hoover and Lucille Hover his wife, the Philipsburg State Bank, a corporation and which and decree has been duly recorded in the Records of said am court, commanded to sell all that certain lot, piece and parcel of land situated in the County of Granite and State of Montana and bounded and described as follows, All of Section Eleven (11) except Northern Pacific Railway Company, right of-way and Southeast Quarter Section Ten (10), both in Township Sev en (7), North of Range Fourteen (14) West, M M, with all ditch and water rights used or appertaining thereto. Together with all improvements thereon or And appertaining. is hereby given that on the 25th day'of April 1927, at ten o'clock A M of that day in front of the Court House in the City of Philipsburg in Granite County, State of Montana in obedi ence to said Decree of Forectos sell described property or so much thereof as may be necessary to satisfy plaintiffs with interest thereon and costs to the highest and best bidder for cash, lawful money of the United States Dated March 28, 1927. SAM CLARK Sheriff of Granite County, State of By Metcalf, Undersheriff First Pub April 1st 1927 14-17