11310. Farmers & Merchants Bank (Eureka, MT)

Bank Information

Episode Type
Suspension → Closure
Bank Type
state
Start Date
October 1, 1925*
Location
Eureka, Montana (48.880, -115.054)

Metadata

Model
gpt-5-mini
Short Digest
dcbfed82

Response Measures

None

Description

The bank was closed in October 1925 (article 6). By 1929 a receiver (Oscar F. Wolf) is handling the bank's assets and petitioning to sell remaining property (court order dated Apr 29, 1929; sale set for Jul 13, 1929). No runs are described in these articles; the bank is in receivership and being wound up — permanent closure.

Events (3)
1. October 1, 1925* Suspension
Cause Details
Article states the bank closed in October 1925 but gives no reason for the suspension/closure.
Newspaper Excerpt
This bank was closed in October of 1925.
Source
newspapers
2. April 29, 1929 Receivership
Newspaper Excerpt
ORDER TO SHOW CAUSE ... Dated April 29, 1929. C.W. POMEROY, District Judge. Oscar F. Wolf, Receiver of Farmers and Merchants State Bank of Eureka, Montana, a corporation, having filed herein his petition, praying for an order of sale of all remaining real estate, personal property and other assets, ... to close the receivership, for the reasons therein set forth.
Source
newspapers
3. July 13, 1929 Other
Newspaper Excerpt
the undersigned, Oscar F. Wolf, the Receiver ... will, on the 13th day of July, 1929, commencing at ten o'clock A. M., at the front door of the Banking House, of said Bank, in the City of Eureka, Montana, sell at public auction the following described property ... sell at public auction the following described property ... Terms of such sale are cash at the time of making sale.
Source
newspapers

Newspaper Articles (7)
1. May 2, 1929 Western News and the Libby Times Libby, MT
Article from Western News and the Libby Times, May 2, 1929

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Article Text

ORDER TO SHOW CAUSE WHY ORDER OF SALE OF REAL ESTATE, PERSONAL PROPERTY AND OTHER ASSETS SHOULD NOT BE MADE In the District Court of the Eleventh Judicial District of the State of Montana, in and for the County of Lincoln. The State of Montana, Plaintiff, vs. Farmers and Merchants State Bank of Eureka, Montana, a Corporation, Defendant. Oscar F. Wolf, Receiver of Farmers and Merchants State Bank of Eureka, Montana, a corporation, having filed herein his petition, praying for an order of sale of all remaining real estate, personal property and other assets, at either private sale or public auction, and to close the receivership, for the reasons therein set forth. It is Therefore Ordered by the Judge of this Court, that all persons interested in the receivership of said defendant bank appear before the said District Court on the 20th day of May, 1929, at three-thirty p. m. of said day, at the Court Room of this Court, at the Court House, in Libby, County of Lincoln, to" show cause why an order should not be granted to sell all the real estate, personal property and other assets of said defendant, in order that said receivership may be closed. And that a copy of this order be published at least once a week for two successive weeks in the Western News, a newspaper printed and published in said Lincoln County, and posted in at least three public places, for a period of not less than two weeks. Dated April 29, 1929. C.W. POMEROY, m2-9-2t District Judge.

2. May 9, 1929 Western News and the Libby Times Libby, MT
Article from Western News and the Libby Times, May 9, 1929

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Article Text

ORDER TO SHOW CAUSE WHY ORDER OF-SALE OF REAL ESTATE, PERSONAL PROPERTY AND OTHER ASSETS SHOULD NOT BE MADE In the District Court of the Eleventh Judicial District of the State of Montana, in and for the County of Lincoln. The State of Montana, Plaintiff, VS. Farmers and Merchants State Bank of Eureka, Montana, a Corporation, Defendant. Oscar F. Wolf, Receiver of Farmers and Merchants State Bank of Eureka, Montana, a corporation, having filed herein his petition, praying for an order of sale. of all remaining real estate, personal property and other assets, at either private sale or public auction, and to close the receiver-

3. June 27, 1929 Western News and the Libby Times Libby, MT
Article from Western News and the Libby Times, June 27, 1929

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Article Text

of Eureka, Montana, a corporation, Defendant. Notice is Hereby Given, That in pursuance of an order of the District Court of the Eleventh Judicial District trict of the State of Montana, in for the County of Lincoln, made on the 20th day of May, A. D. 1929, in the above entitled matter, the undersigned, Oscar F. Wolf, the Receiver of Farmers and Merchants State Bank of Eureka, Montana, will, on the 13th day of July, 1929, commencing at ten o'clock A. M., at the front door of the Banking House, of said Bank, in the City of Eureka, Montana, sell at public auction the following described property, to-wit: Lot 10 in Block 2, and the east half of lots 15 and 16, in Block 2 of the original Townsite of Deweyville, now Eureka, Montana, more particularly described in the order above referred to; also lot 12 in Block 3, of said Townsite of Deweyville, now Eureka, and lots 5, 6, 7, 8, 9, 10, 14, 15, and 16 in Block 30, and Lots 16, 17 and 18 in Block 25, of Second Addition to Eureka, Montana, all according to the several plats on file and of record in the office of the County Clerk and Recorder of said Lincoln County Montana. 1 Also all that part of E/2SE½ section 2; in Township® 36, North, of Range 27, West, of the Montana Meridian, lying east of the County road passing through said tract, cont taining 50 acres, more or less, and S½NE½ section 22, in Township 37, S North, of Range 27, West, Montana e Meridian, the NE½ SW½ and NW1/4 is SE1/4 section 13, in Township 36 y north, of Range 26, West, Montana r Meridian; also H. E. Survey No. 783, e embracing a portion of section 13, in 11 Township 36, North, of Range 26 d West, Montana Meridian, containing is 130.54 acres, and being fully described in the order of sale. e Also all the personal property of isaid Bank, consisting of bills, notes d accounts, school District warrants ebank furniture and fixtures and other B - B furniture and fixtures, judgments -4 certificates of corporation stock in choses in action, ledger assets, claim ve for stockholders liability, all of which tis set forth and particularly describe d in the order of sale, herein referre to, and in the petition for order of sal ds of the undersigned, filed with th g Clerk of this Court. as It is the intention of the undersigne ereceiver to sell at said sale all the as e. sets of said receivership remainin eundisposed of, under the order here ainbefore mentioned. Terms of such sale are cash at th nd time of making sale. fDated June the 20th, 1929. he OSCAR F. WOLF, en As Receiver of Farmers and Mer of chants State Bank of Eureka, Mont. seJn27-Jly4-2

4. July 4, 1929 Western News and the Libby Times Libby, MT
Article from Western News and the Libby Times, July 4, 1929

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Article Text

assets of said receivership remaining undisposed of, under the order hereinbefore mentioned. Terms of such sale are cash at the time of making sale. Dated June the 20th, 1929. OSCAR F. WOLF, As Receiver of Farmers and Merchants State Bank of Eureka, Mont. Jn27-jly4-2t

5. July 4, 1929 Western News and the Libby Times Libby, MT
Article from Western News and the Libby Times, July 4, 1929

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Article Text

NOTICE OF SALE In the District Court of the Eleventh Judicial District of the State of Montana in and for the County of Lincoln. The State of Montana, plaintiff, vs. Farmers and Merchants State Bank of Eureka, Montana, a corporation, Defendant. Notice is Hereby Given, That in pursuance of an order of the District Court of the Eleventh Judicial District trict of the State of Montana, in and for the County of Lincoln, made on the 20th day of May, A. D. 1929, in the above entitled matter, the undersigned, Oscar F. Wolf, the Receiver of Farmers and Merchants State Bank of Eureka, Montana, will, on the 13th day of July, 1929, commencing at ten o'clock A. M., at the front door of the Banking House, of said Bank, in the City of Eureka, Montana, sell at public auction the following described property, to-wit: Lot 10 in Block 2, and the east half of lots 15 and 16, in Block 2 of the original Townsite of Deweyville, now Eureka, Montana, more particularly described in the order above referred to; also lot 12 in Block 3, of said Townsite of Deweyville, now Eureka and lots 5, 6, 7, 8, 9, 10, 14, 15, and 16 in Block 30, and Lots 16, 17 and 18 in Block 25, of Second Addition to Eureka, Montana, all according to the several plats on file and of record in the office of the County Clerk and Recorder of said Lincoln County, Montana. Also all that part of E/SE% section 2, in Township 36, North, of Range 27, West of the Montana Meridian, lying east of the County road passing through said tract, containing 50 acres, more or less and S/NE% section 22, in Township 37, North of Range 27, West, Montana Meridian, the NE%SW% and NW½ SE1/4 section 13, in Township 36, north, of Range 26, West, Montana Meridian, also H. E. Survey No. 783, embracing a portion of section 13, in Township 36, North, of Range 26, West, Montana Meridian, containing 130.54 acres, and being fully described in the order of sale. Also all the personal property of said Bank, consisting of bills, notes, acounts, school District warrants, bank furniture and fixtures and other furniture and fixtures, judgments, certificates of corporation stock, choses in action, ledger assets, claims for stockholders liability, all of which is set forth and particularly described in the order of sale, herein referred to, and in the petition for order of sale of the undersigned, filed with the Clerk of this Court. It is the intention of the undersigned receiver to sell at said sale all the

6. July 18, 1929 Western News and the Libby Times Libby, MT
Article from Western News and the Libby Times, July 18, 1929

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Article Text

Closed Eureka Bank Pays 64 Per Cent Oscar F. Wolf arrived from Metaline Falls and on Saturday he held an auction sale to dispose of all remaining properties of the defunct Farmer and Merchant's bank of which he is receiver. After a few separate small bids the entire property was lumped off for $3100. This includes the bank building and fixtures, all real estate, and notes. If the court approves the sale, Mr. Wolf expects to pay the final dividend which will amount to about 14 per cent, soon, probably next month. This bank was closed in October of 1925. This last and final dividend will make a total of 64 per cent which has been paid to the depositors.

7. December 26, 1929 Western News and the Libby Times Libby, MT
Article from Western News and the Libby Times, December 26, 1929

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Article Text

Three Plead Not Guilty in Court District court was in session in Libby the latter part of the week, with Judge Charles B. Ellwell of Havre presiding. A divorce was granted Charles D. Eayrs from Ethel E. Eayrs of Rexford The case was not contested. Wm. Herbert was attorney for the plaintiff. Ed. M. Bitterman, James Wade and Helen Hunter were each arraigned on charges of having sold intoxicating liquor to minors. Each of them pleaded not guilty. The final report of the receiver of the Farmers and Merchants State bank of Eureka was submitted and taken under advisement by the eourt. Distribution of the real estate of Lola McRory, deceased, was ordered, the real estate and other assets of the estate going to Mrs. Kittley, mother of the deceased. Court will be held in Libby again on January 13 at 1:30 p. m.