State Bank - Grass Range, MT

Bank Information

Episode Type: Suspension → Closure
Bank Type: state
Start Date: April 1, 1927*
Location: Grass Range, Montana (47.026, -108.805)

Metadata

Model: gpt-5-mini
Short Digest: 15ced575

Response Measures

None

Description

Article (The Argus-Farmer, 1927-04-14) states the affairs of the old State Bank of Grass Range were 'finally wound up' and judge approved sale by Receiver F. A. Bell of remaining assets. No run or reopening is mentioned; bank was in receivership and wound up (permanent closure).

Events (1)

1. April 1, 1927* Receivership

Newspaper Excerpt: The affairs of the old State Bank of Grass Range were finally wound up Saturday, when Judge J. C. Huntoon signed an order approving the sale by Receiver F. A. Bell of the remaining assets.
Source: newspapers

Newspaper Articles (1)

1. April 14, 1927 The Argus-Farmer Lewistown, MT

Article from The Argus-Farmer, April 14, 1927

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Article Text

ORDERED TO ISSUE CERTIFICATE OF ELECTION. Judge J. C. Huntoon made an order Thursday in the case of Joseph Rogge against the board of county commis sioners of Petroleum county, in which the plaintiff brought this proceeding require the defendants to show cause why they should not issue R certificate of election to Rogge as a commissioner, succeeding John W. Beck as a member of the board. Judge Huntoon ordered that the certificate prayed for be issued within five days and upon stipulation allowed Rogge $300 for his attorney fees and in addition his costs. The amount will be paid by Petroleum county as it ap beared that the board acted in good faith and upon advice of counsel in resisting the suit. While this presumably disposes of the matter in its present form. the real issue as to the title to the office will probably be further threshed out a quo warranto proceeding which it expected will be very soon instituted. WILL IS FILED. The will of the late Mrs. Lillian M. Herman has been filed for probate. Under its terms he:whole estate goes to William J. Dowling, a nephew. ORDER MODIFIED. In the divorce action of C. E. Peterson against Minnie Peterson, the order previously made was modified by Judge Huntoon Thursday to permit the defendant to have the custody of the child, pending a determination of the suit, the child to remain within the jurisdiction of the court. LEHIGH BANK RECEIVERSHIP. In the matter of the receivership of the First State bzank of Lehigh. the receivership has been wound up. the receiver discharged and his bond released. The receiver paid 16 per cent to the creditors, which was considerably more than it was first thought he would be able to do. In the action brought against Sam Schultz on his bond in connection with the county funds in the Lehigh bank, a non-suit was granted. NEW TRIAL DENIED. In the case of Frank Minato against the Three Forks Portland Cement company, et. al., in which the plaintiff recently recovered a judgment for some $700, Judge Huntoon has denied the motion for a new trial. PROBATE ORDER. In the estate of Benjamin Rice, lets ters of administration have been is sued to Public Administrator F. R. APPRAISE COUNTY'S RANCH Acting under the appointment of the district court. the receivers chosen to appraise three pieces of ranch property owned by the county as a preliminary step to their sale under the new law, which makes it possible to sell such property on part time, the appraisements were on Saturday filed with the board of county commissioners as follows: The Horse ranch of 5,400 acres in the Fergus-Armells district, $30,000. The Parrish ranch of S80 acres on Casino creek, $10,000. The McConnell ranch of 197 acres near this city, $11,000. These valuations are being considered by the board. While they fix a minimum price, the board will try to realize more than the figures stated for some of the properties at least. WIND UP A BANK. The affairs of the old State Bank of Grass Range were finally wound up Saturday, when Judge J. C. Huntoon signed an order approving the sale by Receiver F. A. Bell of the remaining assets. They amounted to little of any tangible value. except some typewriters. the receipts totaling about $200. This sale of assets does not. of course, include the stockholders' liability. COFFEE CREEK BANK RECEIVER IS VICTOR. In the very complicated suit brought by C. E. Baker, as receiver of the Coffee Creek State bank, against the Citizens' State Bank of St. Peter, Minnesota, which was tried before Judge J. C. Huntoon without a jury on Jan. 27, the court yesterday signed a decree which is in favor of the receiver. The case presents several phases, the transactions between the two banks having covered some time, presenting various questions, but in brief. the big issue was as to the status of $27.000 of collateral of the Coffee Creek bank, held as collateral by the Minnesota bank. but which is now in the hands of the clerk of the court here. The court finds that there is no lien upon this collateral, which in effect resteres it to the assets of the Coffee Creek bank. The various transactions are gone over in detail in the decree and these all lead up to the final result that there is an indebtedness of only $700 from the Coffee Creek bank to the Minnesota institution which would itself be reduced to less than $100 by the return of certain notes, SO that this particular issue is whittled down to almost nothing. The finding as to the $27,000 of collateral. held not to be under any lien. is the real matter of importance decided.