First National Bank - Galata, MT

Bank Information

Episode Type: Suspension → Closure
Bank Type: national
Bank ID: 11089
Charter Number: 11089
Start Date: February 2, 1924
Location: Galata, Montana (48.476, -111.352)

Metadata

Model: gpt-5-mini
Short Digest: 45909616

Response Measures

None

Receivership Details

Date receivership started: 1924-06-18
Date receivership terminated: 1926-06-17
OCC cause of failure: Economic conditions

Description

Multiple notices in Feb 1924 name W. M. Wayman as receiver of the First National Bank of Galata and court authorization to sell bank fixtures; later 1927 sheriff's sales still list a receiver. No newspaper text describes a depositor run. This indicates the bank suspended and entered receivership and remained closed.

Events (5)

1. October 19, 1917 Chartered

Source: historical_nic

2. February 2, 1924 Receivership

Newspaper Excerpt: W. M. Wayman, Receiver of the First National Bank of Shelby, Assignee and Successor of the First National Bank of Galata, a National Banking Corporation (named in sheriff's sale notices).
Source: newspapers

3. February 2, 1924 Suspension

Cause: Government Action
Cause Details: Bank was placed in receivership (W. M. Wayman named receiver); court authorized sale of bank fixtures and property.
Newspaper Excerpt: The receiver of the First National bank of Shelby was granted permission to sell the banking fixtures and furniture of the First National bank of Galata, and certain personal property which had come into the hands of the receiver through the administration of the trust
Source: newspapers

4. June 18, 1924 Receivership

Source: historical_nic

5. September 30, 1927 Other

Newspaper Excerpt: SHERIFF'S SALE ... FRANK BROWNE as Receiver of First of Galata, National Banking Corporation ... To be sold at Sheriff's Sale on the 15th day of October A. D., 1927 ... Dated this 19th day of September A. D., 1927.
Source: newspapers

Newspaper Articles (7)

1. February 7, 1924 The Kevin Review Kevin, MT

Article from The Kevin Review, February 7, 1924

Click image to open full size in new tab

Article Text

District Court Is In Session Shelby, Feb. 4. - The regular session of the district court. of the nineteenth judicial district was held by Judge J. J. Green in Shelby on February 1, convening at 10 a. m. and ending the same day with a great many cases disposed of, most of which were foreclosures. A. C. Freng, A. R. Moser, Lucile Sanger, Dolly Miller, Amos Turk, Lon Davis and Ethel Warren were arraigned on the charge of violation of the liquor laws. All pleaded not uilty and were placed under bonds of $1,000 each against their appearance for trial. I. R. Strange pleaded not guilty to the charge of third degree assault preferred by a neighboring rancher, Ward, and was placed under bonds of $1,000. The receiver of the First National bank of Shelby was granted permission to sell the banking fixtures and furniture of the First National bank of Galata, and certain personal property which had come into the hands of the receiver through the administration of the trust, after giving notice of such sale by the posting of notices of the time and place of the sale. Florence DeArmond was granted a divorce from Fred J. DeArmond and her former name, Florence Berg, restored. Esther Poier was granted a divorce from Wm. Poier. The following attorneys ay peared before the court during he brief session: J. A. McDonough, J. W. Freeman, D.W. Doyle, John McKenzie, Floyd F. Callahan, J. N. Thelen, R.M. Armour, all of Great Falls; Attorneys Hauge and Victor Griggs of Havre; R. L. Hattersley of Conrad; and W. W. Thorne, R. L. Clinton, L. P. Donovan, W. M. Black, Jess Stevens, Harry Moore, Hal Stewart, G. C. Hoyt, J. H. Henderson, Walter Knaack and John Nesbit, all of Shelby.

2. February 7, 1924 The Kevin Review Kevin, MT

Click image to open full size in new tab

Article Text

NOTICE OF SHERIFF'S SALE IN THE DISTRICT COURT OF THE NINETEENTH JUDICIAL DISTRICT OF THE STATE OF MONTANA, IN AND FOR THE COUNTY OF TOOLE. E. J. Lander & Company, a Corporation, Plaintiff. -VS.Viola M. Robinson and George H. Robinson, her husband, the First National Bank of Galata, a National Banking Corporaton, W. M. Wayman Receiver of the First National Bank Bank of Shelby, Assignee and Successor of the Frst National Bank of Galata, a National Banking Corporation and Toole County, Montana, a Body Political and Corporate. Defendants. To be sold at Sheriff's Sale on the 29th day of February, A. D. 1924, at 2 o'clock P. M., at the Front door of the Court house in the City of Shelby, in the said County of Toole, the following property; The South Half (S½) of Section Thirty-one (31) in Township Thirtyfour (34) North of Range Three (3) East of the Montana Meridian, containing 320 acres more or less according to the United States Survey thereof. Dated this 2nd day of February, A. D. 1924. H. E. BENJAMIN, Sheriff. By W. B. MARTIN, Undersheriff. Harris & Hoyt, 39-4t Attorneys for Plaintiff.

3. February 14, 1924 The Kevin Review Kevin, MT

Article from The Kevin Review, February 14, 1924

Click image to open full size in new tab

Article Text

NINETEENTH JUDICIAL DISTRICT OF THE STATE OF MONTANA, IN AND FOR THE COUNTY OF TOOLE. E. J. Lander & Company, a Corporation, Plaintiff. -vs.Viola M. Robinson and George H. Robinson, her husband, the First National Bank of Galata, a National Banking Corporaton, W. M. Wayman Receiver of the First National Bank Bank of Shelby, Assignee and Successor of the Frst National Bank of Galata, a National Banking Corporation and Toole County, Montana, a Body Political and Corporate. Defendants. To be sold at Sheriff's Sale on the 29th day of February, A. D. 1924, at 2 o'clock P. M., at the Front door of the Court house in the City of Shelby, in the said County of Toole, the following property; The South Half (S½) of Section Thirty-one (31) in Township Thirtyfour (34) North of Range Three (3) East of the Montana Meridian, containing 320 acres more or less according to the United States Survey thereof. Dated this 2nd day of February, A. D. 1924. H. E. BENJAMIN, Sheriff. By W. B. MARTIN, Undersheriff. Harris & Hoyt, 39-4t Attorneys for Plaintiff.

4. February 21, 1924 The Kevin Review Kevin, MT

Article from The Kevin Review, February 21, 1924

Click image to open full size in new tab

Article Text

NOTICE OF SHERIFF'S SALE IN THE DISTRICT COURT OF THE NINETEENTH JUDICIAL DISTRICT OF THE STATE OF MONTANA, IN AND FOR THE COUNTY OF TOOLE. E. J. Lander & Company, a Corporation, Plaintiff. -VS.Viola M. Robinson and George H. Robinson, her husband, the First National Bank of Galata, a National Banking Corporaton, W. M. Wavman Receiver of the First National Bank Bank of Shelby, Assignee and Successor of the Frst National Bank of Galata, a National Banking Corporation and Toole County, Montana, a Body Political and Corporate. Defendants. To be sold at Sheriff's Sale on the 29th day of February, A. D. 1924, at 2 o'clock P. M., at the Front door of the Court house in the City of Shelby, in the said County of Toole, the following property; The South Half (S½) of Section Thirty-one (31) in Township Thirtyfour (34) North of Range Three (3) East of the Montana Meridian, containing 320 acres more or less according to the United States Survey thereof. Dated this 2nd day of February, A. D. 1924. H. E. BENJAMIN, Sheriff. By W. B. MARTIN, Undersheriff. Harris & Hoyt, 39-4t Attorneys for Plaintiff.

5. February 28, 1924 The Kevin Review Kevin, MT

Article from The Kevin Review, February 28, 1924

Click image to open full size in new tab

Article Text

E. J. Lander & Company, a Corporation, Plaintiff. -VS.Viola M. Robinson and George H. Robinson, her husband, the First National Bank of Galata, a National Banking Corporaton, W. M. Wayman Receiver of the First National Bank Bank of Shelby, Assignee and Successor of the Frst National Bank of Galata, a National Banking Corporation and Toole County, Montana, a Body Political and Corporate. Defendants. To be sold at Sheriff's Sale on the 29th day of February, A. D. 1924, at 2 o'clock P. M., at the Front door of the Court house in the City of Shelby, in the said County of Toole, the following property; The South Half (S½) of Section Thirty-one (31) in Township Thirtyfour (34) North of Range Three (3) East of the Montana Meridian, containing 320 acres more or less according to the United States Survey thereof. Dated this 2nd day of February, A. D. 1924. H. E. BENJAMIN, Sheriff. By W. B. MARTIN, Undersheriff. Harris & Hoyt, 39-4t Attorneys for Plaintiff.

6. November 13, 1925 The Bozeman Courier Bozeman, MT

Article from The Bozeman Courier, November 13, 1925

Click image to open full size in new tab

Article Text

STATE BRIEFS Albert M. Easterday, foreman of the park roads in Glacier National park, has resigned to accept a position with the state irrigation department of New Mexico. Judith Gap business men are co-operating with the Central Montana Chauber of Commerce at Lewistown in placing good grade milch cows on the farms in that vicinity. An expenditure of $500,000 on the Custer Battlefield highway in Montana next year is announced by W. D. Fisher, Mitchell, S. D., secretary of the association backing that national route. Lewis and Clark county's potato crop is worth a quarter million, according to estimates of L. G. DeVore, county agent and Tom Herrin, president of the Montana Potato Growers association. . Two hundred and seventy-five carloads of "wine" grapes, representing 3,510 tons, have been shipped into Montana during the later part of the summer and fall to date, according to shippers' figures from all over the state, compiled at Butte. + © © The Missoula Public Service company is spending $250,000 this season to add to the efficiency of its plant through improvements starting 20 miles up the Rattlesnake valley and continuing into the water main system in the city itself. © W. M. Wayman, receiver for the last two years of the First National bank at Shelby, Cut Bank, Joplin and Galata, has been appointed by the comptroller of the currency as receiver of the First National bank of Libby, which recently closed its doors. ... Production of wheat, oats and hay in Meagher county during the crop year of 1924 practically doubled that of the crop year of 1919, with which comparisons are made by the U. S. department of commerce inits afrm census of htat county for January 1, 1925. . Enrollment at Intermountain Union collego at Helena shows an increase of 22 per cent over last year. There are 25 seniors, 93 freshmen, and a total of 189 college students this year as compared to 16 seniors, 74 freshmen and a total of 158 college students last year. According to the report of C. A. Arnett, who has just completed his first month of testing for the Lake County Cow Testing association, the herd of six Holsteins owned by Lars Beck of Round Butte, had the highest butter fat production for September, with record of 38 pounds of fat. % @ After being lost for two days and nights in the mountains of the upper Bitter Root valley. Roscoe Hamm of Darby, was found about seven miles up the East Fork of the Bitter Root river. He had been without food or shelter and his feet were badly frosted, but this is thought not serious. Vernon G. Mays, principal of the Great Falls high school was reelected president of the north central division of the Montana Education association at the Great Falls meeting. J. R. Culver of Belt. reiring secretary, was chosen vice president and Miss Elizabeth Ireland of Havre, was made secretary-treasurer. Mrs. Jennie T. Duglas, at one time a teacher in the Great Falls high school, and later in Gallatin county high school, has left for a trip to Adgar, Madras, India, to attend the 50th anniversary of the founding of hte Theosop socelty, where it is expected there will be delegates from every part of the World. © Announcement has been made by Judson Bibb, manager of the Libby Water & Electric company, that his company's interests in Libby have been purchased by the Mountain States Power company, a subsidiary of the H. M. Byllesby company of Chicage. Possession of the Libby property was taken as of October 1. . Officers elected for district No. 1 of the Montana Federation of Women's clubs are Mrs. Henry Good, Whitefish, president Mrs. A. N. Tobie, Kalispell. first vice president; Mrs. C. B. Hamilton, Eureka, seTroy, recording secretary; Mrs. W. J Powers, Whitefish, corresponding secretary; Mrs. Ethel Long, Eureka, treasurer J. L. Baltazar, Great Falls policeman was named defendant in a $5,000 slander suit filed in the district court by Isabell Chumi, recently dismissed on an insanity charge brought by Patrolman Baltazar and a half a dozen neighbors. The slander ac e to tion is based on statements alleged have been publicly made by the patrolman reflecting character. on her mentality, honesty and Suit has been filed in the district court at Forsyth by Mrs. Mae Costello against No. 33 of Rosebud county to recover the sum of $668.88 with interest at 8 per cent from January 19, 1925, claimed as back salary due her as teacher in the Ingomar c public schools, together with $200 for at torney fees. Henry Youngblood, a rancher on the East Boulder, is in the Big Timber hospi tal with a holt through the bridge of his nose an dother severe injuries about his head and body as the result of a peculia P accident. Leaving his farm work he wen out to the road to help a passing friend re Lair a flat tire. Just as the repairs were made and the tire inflated, It "blew out, literally shooting the old-fashioned inne Try the New

7. September 30, 1927 Tribune of Shelby Shelby, MT

Article from Tribune of Shelby, September 30, 1927

Click image to open full size in new tab

Article Text

SHERIFF'S SALE In the District Court of the Nine. teenth Judicial District of State Toole. of Montana, in and for the County of FRED WYMAN, Plaintiff, Versus DANIEL H. FIELD, a Single Man, Sometimes Known as DAN FIELD; DAVIDSON HEGGE MORTGAGE COMPANY Corporation: TOOLE COUNTY IRRIGATION Corporation THE FIRST BANK OF GALATA, National B ing Corporation: FRANK BROWNE as Receiver of First of Galata, National Banking Corporation: THE FIRST NATIONAL BANK OF SHELBY, National Banking Corporation; FRANK BROW Receiver of The First National Bank of Shelby, a National Banking Corporation; TOOLE COUNTY, A Corporate Body Politic; THE BLACKFEET OIL Company, Corporation; D. H. WATSON: H. WATSON Trustee: D.J. tee; N.J. MICHELS; T. WATSON: GEORGE MIZENEARD, and H. E. To be sold at Sheriff's Sale on the 15th day of October A. D., 1927 at o'clock P. M., at the Front Door the Court House in the City of Shelby, in lowing the said County of Toole, the folproperty: The East Half (E½) of Section Twenty Eight (28), in Township Thirty One (31) North of Range Three (3), East of the Montana Meridian, containing 820 acres, more or less, according to the Governmen Dated this 19th day of September A. D., 1927. O. D. CLARK, Sheriff, W. B. MARTIN, Under Sheriff Murch & Wuerthner, Attorneys for Plaintiff. 923-1014 SHERIFF'S SALE In the District Court of the Nineteenth Judicial District of the State of Montana, in and for the County of Toole. JOHN C. KLAS, Plaintiff, MARTIN TUTVEDT; MRS. MARVEDT his wife: VIDSON HEGGE MORTGAGE CO., a Corporation; THE FIRST NATIONAL BANK OF SHELBY, National Banking Corporation; FRANK as Receiver of The First National Bank of Shelby, National Banking Corporation; TOOLE COUNTY, Municipal Corporation: PETER TUT VEDT; MRS. PETER TUTVEDT, His Wife, Defendants. To be sold at Sheriff's Sale at Public Auction~ to the highest bidder for cash on the 15th day of October, 1927. at the hour of o'clock P. M., of said day at the Front Door of the County Court House at Shelby, Toole County, Montana, the following described property viz: The West Half of Section Twenty Seven (27) Township Thirty-four (34) North of Range Three (3) East, Montana Meridian, containing 320 acres, more or less, according to the Government Survey thereof, together with all the buildings, structures and improvements situate thereon all water, water rights, franchises, aqueducts, and appropriations, upon, leading to, connected with or usually had or enjoyed in connection with said premises or any part thereof. Dated September 19, 1927. O. D. CLARK, Sheriff. W. B. MARTIN, Under Sheriff. A. McDonough, 38-41 Stanton Bank Bldg., Great Falls, Montana, Attorney for Plaintiff. 923-1014 SHERIFF'S SALE. In the District Court of the Nineteenth Judicial District of the State of Montana, in and for the County of Toole. Charlotte G. Fisher, Plaintiff, Versus Adrian F. Wagner, Ida Wagner, his wife, Lillian C. Bibow, The First National Bank of Shelby, Montana, a corporation, Frank Browne Receiver of the First National Bank of Shelby, Montana, Toole County, a body politic and corporate, The Blackfeet Oil Company, a corporation, Defendants. To be sold at Sheriff's Sale on the 17th day of October A. D. 1927 at o'clock M., at the Front Door of the Court House in the City of Shelby, in property: the said County of Toole, the following South Half (S½) of Section Fifteen (15), in Township Thirty Three (33) North, of Range Three (3) East Montana Meridian. containing (320) acres, more or less, according to the Government Survey thereof, together with all the hereditaments and appurtenances thereunto belonging or in any wise appertaining. Dated D., this 21st day of September A. 1927. O. D. CLARK, Sheriff. By W. B. Martin, Under Sheriff. McKenzie & McKenzie, Attorneys for Plaintiff. 923-1014 SHERIFF'S SALE In the District Court of the Nineteenth Judicial District of the State of Montana, in and for the County of Toole. CAPITAL TRUST & SAVINGS BANK, a Corporation, Plaintiff, Versus JOSEPH STENSON, KALMA STENSON. His Wife; MONTANA GIANT PETROLEUM COMPANY, Corporation; MONARCH LUMBER SHALL- WELLS COMPANY, a CorTo be sold at Sheriff's Sale on the 15th day October D., 1927 at 'clock at the Front Door of the Court House in the City of Shelby, in the said County of Toole, the following property: The North Half of the Northwest Quarter (N½ NW of Section Nine (9), and the Northeast Quarter of the Northeast Quarter (NEVNE%) of Section Eight (8), and the Southwest Quarter of the and the South Half of the Northwest Quarter (S%NW%), and the East Half of the Southwest Quarter (E%SW%) of Section Four (4), all Township Three (33) North of Range Four (4) West of the Montana Principal Meridian, containing Three Hundred Twenty (320) acres, more or less, according to the Government Survey thereof. Together with the privileges and appurtenances thereto belonging. Dated this 19th day of September A, D., 1927. O. D. CLARK, Sheriff W. B. MARTIN, Under Sheriff Murch & Wuerthner,