11336. American Bank & Trust Company (Great Falls, MT)

Bank Information

Episode Type
Suspension → Closure
Bank Type
trust company
Start Date
January 1, 1921*
Location
Great Falls, Montana (47.500, -111.301)

Metadata

Model
gpt-5-mini
Short Digest
1d266f64

Response Measures

None

Description

The bank suspended operations in 1921 and was placed in receivership (A. W. Springhorn). Subsequent articles (1925-1927) describe ongoing receivership activity, sale of assets in bulk (1927) and final transfer of remaining duties to the clerk of court, indicating permanent closure. No contemporaneous run is described in the articles; cause of suspension is not specified in the provided snippets.

Events (7)

1. January 1, 1921* Receivership
Newspaper Excerpt
A. W. Springhorn, as receiver for the defunct American Bank & Trust company... (articles 1925 onward refer to Springhorn as receiver). The property sold by the receiver... Sale of the assets will conclude the receivership of the bank, which suspended operations in 1921.
Source
newspapers
2. January 1, 1921* Suspension
Cause Details
Article states the bank suspended operations in 1921 but does not specify cause.
Newspaper Excerpt
The sale ... will conclude the receivership of the bank, which suspended operations in 1921.
Source
newspapers
3. August 21, 1925 Other
Newspaper Excerpt
RECEIVER SUES GREAT NORTHERN FOR $200 ... by A. W. Springhorn, as receiver for the defunct American Bank & Trust company. The action involves ... mortgage ... promissory note.
Source
newspapers
4. January 29, 1926 Other
Newspaper Excerpt
RECEIVER GIVEN JUDGMENT A $1,972 judgment Thursday afternoon granted A. W. Springhorn, as receiver of the American Bank & Trust company, against Homer D. Millegan...
Source
newspapers
5. March 18, 1926 Other
Newspaper Excerpt
EDWARD W. ELLIS, Plaintiff. ... A. W. SPRINGHORN, as Receiver of the American Bank & Trust Company of Great Falls, a corporation, Defendants.
Source
newspapers
6. April 7, 1927 Other
Newspaper Excerpt
$26,500 BID MADE FOR ASSETS OF AMERICAN BANK AND TRUST ... The property sold by the receiver includes ... Sale of the assets will conclude the receivership of the bank, which suspended operations in 1921.
Source
newspapers
7. June 4, 1927 Other
Newspaper Excerpt
CLERK OF COURT NOW EX-OFFICIO BANK RECEIVER; HAS CHECKS ... final discharge of Receiver A. W. Springhorn by Judge W. H. Meigs... Clerk of the Court George Harper will be ex officio receiver of the American Bank & Trust company of Great Falls...
Source
newspapers

Newspaper Articles (10)

Article from The Producers News, August 21, 1925

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Article Text

RECEIVER SUES GREAT NORTHERN FOR $200 The Great Northern railway is named defendant in a $2,000 conversion suit filed in district court Tuesday in Great Falls by A. W. Springhorn, as receiver for the defunct American Bank & Trust company. The action involves an aggregate of 1,820 feet of trackage, formerly owned by the Cascade Sand & Gravel company, which, the complaint alleges, was torn up by the railway company. The bank claims title to the trackage by reason of a mortgage, alleged to have been given it by the gravel company, June 11, 1921, as part security for a $17,000 promissory note. The note was due December 11, 1924, and is unpaid.


Article from The Kevin Review, December 10, 1925

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Article Text

# O'NEIL AWARDED # OIL LAND LEASE An order permitting the leasing of 1,020 acres of ground in Teton county, for oil and gas development operations, was filed in the district court Wednesday by District Judge H. H. Ewing upon petition of A. W. Springhorn, receiver of the American Bank & Trust company of Great Falls. In the petition to the court, Mr. Springhorn stated that Louis B. O'Neil, is deserious of drilling a test well on the acreage and had agreed to pay a royalty of 12½ per cent of all production. The lease provides that in the event that the first well drilled should be a dry hole and other operations not commenced within 12 months from expiration of the last rental period the lease automatically revert to the trust company. The lands specified in the lease are located in sections 18 and 7, township 25, range 5, and sections 12, 11, 1 and 2 of township 25, range 6 west, all between Choteau and Bynum.


Article from Great Falls Tribune, January 29, 1926

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Article Text

BY WIFE MORRIS MONEY SIXTY-FIVE Not without humor, and a sense of the appropriateness of things, Noble Harwood had elected to attend his Arabian Nights ball as Aladdin. As an Aladdin, with a wonderful lamp of clinging gold, he had, through the material efforts of a highly skilled and generously remunerated corps of genii, created a wonderland within the confines of Harwood house. The designer, with materials to work with that Arabian caliphs never heard of, had allowed his imagination to run riot, so that the guests as they entered in twos and fours and parties, were bedazzled and awed by the color, the spakle, the grandeur it all, and found themselves seeking furtively for adequate adjectives. The first guests began to arrive about nine. There had been dinner parties in the valley, following festivities during the entire day. But those who were weary were stimulated anew by the surroundings into which they walked. History in Central City began to be dated from the night of the Harwood ball. The dancing began at 9:30 in the library and the ballroom of Harwood house, which bore resemblance to their old selves. The designer said they looked like the palace of Harounal Raschid in Bagdad, but even caliph in Haroun time did not have electric lights. Ten thousand globes glowed and sparkled in the rooms. Silks down to the floor, seemingly from heaven itself. Perfumes bathed the dancers. Two orchestras played alternately. Until 11 o'clock there was no let-up in the dancing. Excited, glowing, nervously cordial, Laurel stood with Noble and Marion at the head of the receiving line, resplendent in the gold and purple COStume of caliph favorite. She wore harem veil that made it difficult for her to show that she was smiling and not her real feelings Her arms and ankles were bare, and her skin shone warm and tempting under the lights. Men looked at her and enNoble Marion also wore gold and purple, but her costume was clearly distinguished from that of her mother. and while she was supposed to be an Arabian princess, she not -because she not-wear harem veil. Mrs. Daly wore the yellow of a Chinese queen, with black wig and a sparkling crown. Her husband appeared as Chinese philosopher; but the men slily referred to him in the corner as "the queen's coolie. Sitting out one dance, having another with some elderly and extra courteous gentleman, was Mrs. Mary Farr Harwood. Noble and Laurel had diplomat ically managed to be attentive elsewhere when she arrived, and she had been received by Marion alone. She wore the red silk of a harem wife, with veil. At 11:15, the guests were summoned into temporary glass house erected over the pool in the garden, and connected by glass passageways. There. in the heated water of the pool, rebuilt to resemble harem bath. troop of bathing girls disported themselves and did aquatic stunts, such as floating on the water in figures, group racing, etc. While the guests were being entertained here, an army of servants, led by the redoubtable Louis and the most expensive caterer in Chicago himself. transformed the library and ballrooms into royal dining halls. Around the walls were series of kitchens, each complete, and offering viands native to China, to India. to Egypt, to Germany, to France, to Italy, to Spain. to Great Britain, to the United States- chop suey, krau. pate de foie gras. spaghetti, chili, beef, ham and eggs, in one grand profusion. The guests. summoned to the feast, chose as they liked, and helped themselves. While they ate, and chatted. and visited. the two orchestras played music the lands represented by the row of kitchens. The feast continued until 1:30 o'clock. Then. after Noble had been anxiously pacing the floor for half an hour, with one upon the telephone. there was wild honking of the horns of many autos in the yard. and the Follies company, freshly disembarked from airplanes after perilous night ride from Chicago, swept into the house. chattering. awed. profane. Half an hour later they were performing before the diners, kicking their heels cracking their jokes. but not the usual carefree they were as ex cited over all this as the guests. Mrs. Mary Farr wood. moving to and fro as the crowd carried her. was soul in torment. All of this glory might have been hers, she reflected. Noble had never any thing like this in her behalf. She found herself, against her will. trailing Laurel. She had an insatiable desire to watch moment of her successor: and every smile bestowed upon Laurel gave her pain. She heard nothing: ate nothing: she had eyes for no one or anything but Laurel Todd Harwood. Gentlemen. old friends, who approached her and attempted to be cordial, found her frigid. and soon found opportunities to leave her. and go and speak to their and companions about it. While the Follies company was putting on its show before an audience already satiated with dancing. food and entertainment. and therefore only courteously appreciative Marion her conscience hurting her a little, sought out her mother. "Isn't it wonderful!" She was frightened by the gaze Mrs. Harwood turned upon her. Slowly shaking her head. she spoke: "All for her. all for her!" Shaking her finger at her daughter. madness in her eyes, she went on. her voice rising, "All for her. And she doesn't love him, doesn't care anything about him. Marion caught hold of her mother as she got up. straining. "No, "She mother. dear, please.' "No, mother. please." She could see the madness in her mother's eyes. Mrs. Harwood. after brooding for weeks. had broken. am Marion. terrified. clung futilely to her mother's costume. (To be continued.) In the next installment: Harry Yancey Plans Revenge. RECEIVER GIVEN JUDGMENT A $1,972 judgment Thursday afternoon granted A. W. Springhorn, as receiver of the American Bank & Trust company, against Homer D. Millegan by District Judge H. H. Ewing. The action was based on non payment of a $1,500 promissory note. executed Nov. 17, 1921.


Article from Belt Valley Times, March 18, 1926

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Article Text

EDWARD W. ELLIS, Plaintiff. GLENN NORMAN PARKER and ALDA H. PARKER, his wife, LIBERTY INDUSTRIAL CORPORA- TION, a corporation, THE FIRST NATIONAL BANK OF GREAT FALLS, a corporation, WALTER KENNEDY, and A. W. SPRING- HORN, as Receiver of the American Bank & Trust Company of Great Falls, a corporation, Defendants.


Article from Belt Valley Times, April 1, 1926

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Article Text

GLENN NORMAN PARKER and ALDA H. PARKER, his wife, LIBERTY INDUSTRIAL CORPORATION, a corporation, THE FIRST NATIONAL BANK OF GREAT FALLS, a corporation, WALTER KENNEDY, and A. W. SPRING HORN, as Receiver of the American Bank & Trust Company of Great Falls, a corporation, Defendants.


Article from Belt Valley Times, May 13, 1926

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Article Text

ANN PEARSON, Plaintiff NORMAN PARKER and ALDA H. PARKER, his wife, THE FIRST NATIONAL BANK of GREAT FALLS, a corporation, WALTER KENNEDY, and A. W. SPRING-HORN, Receiver of the American Bank and Trust Company of Great Falls, Montana, Defendants,


Article from Belt Valley Times, June 3, 1926

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Article Text

ANN PEARSON, Plaintiff -vs.NORMAN PARKER and ALDA H. PARKER, his wife, THE FIRST NATIONAL BANK of GREAT FALLS, a corporation, WALTER KENNEDY, and A. W. SPRINGHORN, Receiver of the American Bank and Trust Company of Great Falls, Montana, Defendants,


Article from Great Falls Tribune, November 7, 1926

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Article Text

Springhorn Is Sued as Bank Receiver by Court's Permission An order allowing Springhorn, receiver of the American Bank Trust company, to be sued in his ficial capacity receiver by Karl Skoog, plaintiff an action against Alice person and executrix of the Dennison was filed district court Saturday by Judge Skoog instituted action to en. force payment of $2,000 note by the Dennisons on October 1924 and secured by mortgage lots and block 123. Great Falls. judgment for the principal $240 interest coupon notes and interest was requested in addition to foreclosure. The naming of the receiver as defendant to action results from the Mr. Springhorn holds sher*iff's certificate of sale of the property.


Article from Great Falls Tribune, April 7, 1927

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Article Text

$26,500 BID MADE FOR ASSETS OF AMERICAN BANK AND TRUST Property of Closed Institution Brings Offer Twice as Large as Received When Items Auctioned Separately Total assets of the American Bank & Trust company, which have face value of approximately $1,000,000. were tentatively sold in bulk Wednesday afternoon in district court to W. A. Hagen and Leon Singer by A. W. Springhorn. receiver of the institution. The bid for all assets is approximately 100 per cent greater than the total bids for individual assets. All separate items of the receivership were auctioned Tuesday and Wednesday morning. and the total of the sales approximated $12,000. Numerous assets listed by the receivership were not sold. The order of sale issued by Judge W. H. Meigs specified that the property might be sold either as individual assets or in bulk. Following the sale of a few assets not disposed of Tues- day, the entire property was offered for sale in bulk Wednesday morning. The first bid on the property was $1,000 and the bids arose by bids of from $25 to $100. A. H. Gray. F. E. Beatty. J. H. Corcoran and Singer and Hagen were the bidders, with Corcoran remaining in the race until the $24,000 mark was reached. The high bid of $26,500 was offered by Singer and Hagen shortly before Wednesday afternoon. The bulk bid and the bids on the individual assets will be referred to Judge Meigs for confirmation. and the court will also determine which bid is to be accepted. The court will, however. consider any further bid. which is at least 10 per cent greater than that made at the receiver's sale. The property sold by the receiver includes unsecured notes of $490. 437.44. secured notes of $159,771.50. judgments of $162,623.68. real estate valued in excess of $57,857. transit ac counts of $300. overdrafts and suspense accounts of approximately $500, office fixtures and furniture of $11. 714. and judgments on stockholders' liability valued at more than $15,000 Sale of the assets will conclude the receivership of the bank. which suspended operations in 1921.


Article from The Great Falls Leader, June 4, 1927

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CLERK OF COURT NOW "EX-OFFICIO" BANK RECEIVER; HAS CHECKS Harper Retains $17,000 in Dividend Checks Payable to Depositors in American Bank Who Failed to Get Them Clerk of the Court George Harper will be ex officio receiver of the American Bank & Trust company of Great Falls for the next six months. Mr. Harper duties began this morning. the final discharge of Receiver A. W. Springhorn by Judge W. H. Meigs. as told in The Leader of yesterday leav ing all of the remaining receivership evidences in the hands of Mr. Harper clerk of the district Mr. Harper holds $17,000 in certified dividend checks payable to depositors in the bank who have failed to call for them. who in many cases have forgotten that they have them coming. The checks are to be given to the persons whom they have been made otherwise directed court order on attachment. by Mr Harper for six months dating from this morning After six months have passed. De cember 1927. five years to day after the closing the American bank. those checks which have not been called for will be turned over by M: the general The books of the defunct institution. of no use except perhaps to the per sons who purchased all of the assets of the bank, will be held three years After three years the books will be burned and the statute of limitations be declared to operate against all debits upon them uncollected