11353. Hardin State Bank (Hardin, MT)

Bank Information

Episode Type
Suspension → Closure
Bank Type
state
Start Date
January 15, 1923
Location
Hardin, Montana (45.732, -107.612)

Metadata

Model
gpt-5-mini
Short Digest
bd7f233b

Response Measures

None

Description

The Hardin State Bank was closed by the state bank examiner on January 15, 1923 and a receiver was sought March 13, 1923. No contemporaneous run is reported in the articles; subsequent legal actions (suit by the county to recover deposits, attachment of bondsmen property, and criminal charges against officers) indicate the bank remained closed and entered receivership.

Events (5)

1. January 15, 1923 Suspension
Cause
Government Action
Cause Details
Closed by State Bank Examiner following an examination; report transmitted by the governor leading to closure.
Newspaper Excerpt
the state bank examiner L. Q. Skelton, who closed the bank on January 15.
Source
newspapers
2. March 13, 1923 Receivership
Newspaper Excerpt
Application for a receiver for the Hardin State bank of Hardin was filed with the district court of Big Horn county this morning by Attorney General W. D. Rankin. The application followed transmission by Governor J. M. Dixon of a report on the institution by State Bank Examiner L. Q. Skelton. who closed the bank on January 15.
Source
newspapers
3. March 23, 1923 Other
Newspaper Excerpt
The county attorney of Big Horn County has filed suit against the Hardin State Bank which recently suspended for the recovery of $74,372.03 which the county had on deposit in the bank at the time it closed.
Source
newspapers
4. November 14, 1923 Other
Newspaper Excerpt
case was entitled the State of Montana ... against S. G. Reynolds, receiver of the Hardin State bank ... suit was instituted to recover on the bond the amount of the deposit. The court ... held that an attachment of the defendant's property was warranted.
Source
newspapers
5. March 7, 1924 Other
Newspaper Excerpt
State Senator C. W. Greening ... arrested in connection with the affairs of the defunct Hardin State bank ... former vice presidents ... warrant issued for Henry Skaug, former cashier ... charged with perjury ... and grand larceny.
Source
newspapers

Newspaper Articles (5)

Article from Casper Daily Tribune, March 13, 1923

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Article Text

Receiver Asked for Bank. HELENA, Mont., March 13.-Application for a receiver for the Hardin State bank of Hardin was filed with the district court of Big Horn county this morning by Attorney General W. D. Rankin. The application followed transmission by Governor J. M. Dixon of a report on the institution by State Bank Examiner L. Q. Skelton. who closed the bank on January 15.


Article from The Producers News, March 23, 1923

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Article Text

# HARDIN BANK SUED Hardin—The county attorney of Big Horn County has filed suit against the Hardin State Bank which recently suspended for the recovery of $74,372.03 which the county had on deposit in the bank at the time it closed.


Article from The Bozeman Courier, November 14, 1923

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Article Text

BANK BOND PROPERTY CAN BE HELD ROPERTY of bondsmen who have P gone surety for the protection of county deposits in banks is subject. to attachment, according to a decision handed down by the state supreme court. An opinion delivered recently by Associate Justice Galen holds that such a bond is a contract for the direct payment of money, and as such will sustain an attachment. The suit was decided five days after It was submitted. The case was entitled the State of Montana on the relation of Harvey H. Barnett as county treasurer of Big Horn county against S. G. Reynolds, receiver of the Hardin State bank, C. W. Greening, Bert Barey, Dan Sullivan, Walter O. Lee, J. R. Boyd and Henry Skaug. The Hardin bank executed a bond of $75,000 to secure the deposit of county moneys. When the bank closed its doors there was on deposit by the county the sum of $74,372.05 and suit was instituted to recover on the bond the amount of the deposit. The court in its decision declared "But one question arises determinative of the case, namely: was an attach ment of the defendant's property war ranted?" and the court held that 1 was, therefore that the trial court was warranted in refusing to dissolve the attachment on the property of the bondsmen.


Article from The Producers News, March 7, 1924

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Article Text

SEN. GREENING ARRESTED FOR PERJURY Hardin.-On a charge of perjury, State Senator C. W. Greening of Big Horn county was arrested in connection with the affairs of the defunct Hardin State bank, as was Bert Rarey, both being former vice presidents of the institution. A complaint also was filed in justice court and a warrant issued for Henry Skaug, former cashier, who recently has been a deputv state examiner. All three of these men are charged with perjury alleged to have been committed when they swore to their true worth in connection with a surey bond given by them to the county treasurer of Big Horn county as security to the county for the money deposited from time to time by the county treasurer in the Hardin State bank. In addition to these charges there is a charge of grand larcenv placed against Mr. Rarey by J. R. Boyd of Wyola in the sum of $1,500 alleged to have been taken on September 20, 1922. Senator Greening was arrested at Roundup where he is receiver of the First National bank of that city, and gave bond to appear in district court. Rarey was located at Columbus, Ohio, (where he has been employed in a bank the past year) through the efforts of Sheriff Gilmore, who wired the chief of police to put him under arrest. He refused to return to Montana without requisition papers and County Attorney Haven went to Helena, where the necessary papers were issued by Governor Dixon. On his return to Hardin, County Attorney Haven turned the papers over to Undersheriff John H. Kifer. who left on the sâme train for the east. It is expected that he will return with Rarey this week.


Article from Hardin Herald, April 22, 1927

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Article Text

Sterling M. Loaney, assistant manager of the Hardin Motor and Miss Gracia Dillon, assistant cashier of the Big Horn County Bank, stole march on their friends, Easter Sunday, by slipping to away Billings and getting married. Immediately after the ceremony the happy couple left for Banff, Alberta, will Canada, where they spend a brief honeymoon at this famous winter pleasure resort. They expect to be absent from Hardin about ten days or two weeks. The groom native of Bozeman, but has been a resident of Hardin since boy in his early teens. He attended the public schools of this city, graduating from the Hardin high school with the class of 1917. He attended the Northwestern University at Chicago and later. for two years, was employed by the Western Electric Co. at Los Angeles. In the fall of 1924 he returned to Hardin and accepted the position of assistant manager of the Hardin Motor Co. The bride has been resident of Hardin number of years, coming here from her home at Lamoni. Iowa, about 12 years ago to accept position as in the Hardin State Bank, with which institution she remained until the bank suspended in January, 1923, when she returned to her Iowa home. In September, 1924, she returned to Hardin as assistant cashier of the then neworganized Big Horn County Bank, a position she still fills and will continue to hold. Mr. and Mrs. Loaney are among the most popular of Hardin's of friends wish them much joy and prosperity in their new relation.