11249. Yegen Bros. bank (Butte, MT)

Bank Information

Episode Type
Suspension → Closure
Bank Type
private
Start Date
February 1, 1924*
Location
Butte, Montana (46.004, -112.535)

Metadata

Model
gpt-5-mini
Short Digest
0954f654

Response Measures

None

Description

Newspaper articles describe Yegen Bros. as a defunct bank closed by the state examiner in February 1924 and later in receivership (suits against the receiver in 1925 and 1927). There is no explicit description of a depositor run preceding the suspension — the examiner closed the bank and a receiver was appointed. Date of suspension is given as Feb. 1924 in the text; exact day not provided. Bank charter type not stated in articles, so set to unknown.

Events (2)

1. February 1, 1924* Receivership
Newspaper Excerpt
the defunct Yegen Bros. bank ... the amount still in the hands of the receiver, held trust fund solely for the benefit the Vautour estate.
Source
newspapers
2. February 1, 1924* Suspension
Cause
Government Action
Cause Details
Closed by the state examiner in February 1924 after discovery of insufficient funds to complete transactions (insolvency concerns).
Newspaper Excerpt
the bank being closed by the state examiner.
Source
newspapers

Newspaper Articles (2)

Article from The Butte Daily Post, April 15, 1925

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Article Text

TRUST BE PAID Claims Held Attorney Money Trust for Estate Is Spein Two Suits on cial Deposit. Yegen Receivership. Two matters involving the return of money deposited in the defunct Yegen filed in the office Bros. bank were of the clerk of the court today by Attorney John Lindsay. In one case there the petition of Attorasking that the receiver Lindsay the bank return to him the sum $3,654, which was on deposit on the day the bank closed as trust and belonging to the estate of Euphemie Leger Vautour, which he was administrator. The other asks for the return deposited check the bank the afternoon fore it closed for the day the of the bank being closed by the state examiner. In this case Attorney Lindsay says that check payable at the Metals Bank and Trust company and was not collected until the followIng morning when the bank was closed by the examiner. and he contends that the check therefore unlawfully lected. He asks that court direct the return of this money by the ceiver. In the case of the Vautour estate money, the petitioner says that from to Feb. 14, 1924, he was Oct. 14. 1909, the Yegen Bros. bank customer in his capacity as special adand that of the estate of Euphemie Leger Vautour deposited the and afterward, sum of $75. 1924, the amount on deJanuary, reduced to through posit withdrawals. when petitioner transferred to his account as administartor of the estate the sum in question. On Feb. 14, 1924, the deposits on bank belonging the hand at the estate amounted $3,654, and this amount still in the hands of the receiver, held trust fund solely for the benefit the Vautour estate. The petitioner asks that the court determine the amount in question trust deposit and that fund special therefore it be ordered returned to the petitioner.


Article from The Anaconda Standard, January 12, 1927

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Article Text

WOULD RESTRAIN ACT BY JUSTICE Woman Seeks Prohibitory Writ: Yegen Claims Being Héard. Mrs. Albini St. George of the Vic. toria hotel. 11 East Mercury street, yesterday filed in district court a petition asking that a writ of prohibition issue against Justice of the Peace J. J. McNamara to prevent him from proceeding further in suit instituted against Mrs. St. George by Frank Boucher. On Jan. 8 Boucher instituted suit against the woman, alleging non-pay ment of rent. Mrs. St. George was summoned appear before Justice McNamara today to answer to the complaint. She states that if she does not appear a default judgment will be entered her and that she will be ejected from the hotel The woman alleges that she can not obtain relief in the usual legal manner unless Justice McNamara is restrained from entering judgment against her in the event that she does not appear today to answer to the complaint. Hearing of the suits against the defunct Yegen Bros. bank continued before Judge Charles Pomeroy of Kalispell in Judge W. E. Carroll's department yesterday. The claim presented yesterday was that of the South Butte comp, Modern Woodmen of the World, and is for $1,036. The claimant alleges that on Feb. 9. 1924, It purchased draft for $1,036 and that Yegen Bros did not have funds sufficient to complete the transaction through the National Bank of the Republic at Chicago. This occurred five days before the Butte bank suspended business. Counsel for the claimants allege that the money paid out by the claimant to the Butte bank to insure delivery of the draft was a trust fund and that It should be returned to it. Two remittiturs were received from the supreme court yesterday. One was in the suit of the state Montana against the Silver Bow Refining company. In this action the supreme court held the Montana gas tax law constitutional, reversing the district court. The other remittitur was in the suit of James Renyolds against L. V. Davis. In this case the district court was upheld in part and reversed in part. This suit involved an attempt by the plaintiff to recover property sold under judgment execution.