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CHINOOK MAN IS RECEIVER OF HAVRE NATIONAL BANK Special to The Tribune. Chinook, Sept. 25.-Frank Browne has gone to Havre to assume the duties of receiver of the Havre National bank, to which position he has been appointed.
11364. Havre National Bank (Havre, MT)
Bank Information
- Episode Type
- Run ā Suspension ā Closure
- Bank Type
- national
- Bank ID
- 9782
- Charter Number
- 9782
- Start Date
- September 7, 1921
- Location
- Havre, Montana (48.550, -109.684)
Metadata
- Model
- gpt-5-mini
- Short Digest
a79026ba
Response Measures
Full suspension
Receivership Details
- Depositor recovery rate
- 18.4%
- Date receivership started
- 1921-09-16
- Date receivership terminated
- 1928-10-20
- OCC cause of failure
- Economic conditions
- Share of assets assessed as good
- 41.1%
- Share of assets assessed as doubtful
- 32.8%
- Share of assets assessed as worthless
- 26.1%
Description
Newspapers report a steady run in early September 1921 leading to suspension (closed Sept. 7, 1921) and appointment of a receiver (Frank Browne) later in September 1921. Crop failures and poor collections are cited as the underlying local shock that impaired the bank and made reopening unlikely. Receiver remained active through mid-1920s; a partial payment (10%) to depositors occurred ~Oct 1923. No evidence bank ever resumed normal operations.
Events (7)
1.
June 13, 1910
Chartered
- Source
- historical_nic
2.
September 7, 1921
Run
- Cause
- Local Shock
- Cause Details
- Run occurred in an area suffering successive crop failures and poor collections; article states it is not known what started the run but crop failures/poor collections closed the bank.
- Measures
- Helena bankers made efforts to save the institution; ultimately bank closed and receiver was appointed.
- Newspaper Excerpt
- A steady run of more than a week resulted in the bank closing its doors
- Source
- newspapers
3.
September 7, 1921
Suspension
- Cause
- Local Shock
- Cause Details
- Suspension followed sustained withdrawals and poor collections caused by several successive crop failures in the agricultural district surrounding Havre.
- Newspaper Excerpt
- Was Suspended in September After Run; ... The Havre bank ... was suspended September 7
- Source
- newspapers
4.
September 16, 1921
Receivership
- Source
- historical_nic
5.
September 25, 1921
Receivership
- Newspaper Excerpt
- Chinook, Sept. 25.-Frank Browne has gone to Havre to assume the duties of receiver of the Havre National bank, to which position he has been appointed.
- Source
- newspapers
6.
October 18, 1923
Other
- Newspaper Excerpt
- He cites the instance of the Havre National Bank about ten days ago, paying ten per cent; it being the first and only payment to the depositors since the bank failed just two years ago.
- Source
- newspapers
7.
April 3, 1925
Other
- Newspaper Excerpt
- Notice of Sheriff's Sale ... Frank Browne, as Receiver of The Havre National Bank ... will ... sell at public auction ... (sale date given as April 3rd, A.D. 1925).
- Source
- newspapers
Newspaper Articles (7)
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HAVRE BANK MAY NOT BE ABLE TO REOPEN Was Suspended in September After Run; Collections are DifficultCrop Failuers Cause. Efforts toward the reorganization of the Havre National Bank, which suspended September 7, have apparently met with little success, according to O. A. Carlson, manager of the Montana branch of the Federal Reserve Bank at Helena. The Havre bank, of which A. L. Ritt was president, was capitalized at $50,000. Its surplus was $50,000 and prior to suspension it had approximately $450,000 in deposits. A steady run of more than a week resulted in the bank closing its doors and the appointment of Frank Brown of Chinook as receiver. "Crop failures and poor collections closed the Havre National ," said Mr. Carlson. "From the present outlook it doesn't seem that there is a chance for the bank to reopen. There is no blame attached to the officials of the bank. Helena bankers did everything possible to save the institution, but no bank could resist the run that the Havre bank encountered." Havre is in the center of an extensive agricultural section which has suffered practically five successive crop failures. It is not known just what started the run on the Havre National.
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National Bank Depositors Aid In Re-Opening H. E. Benjamin, who with others is active in working out plans to reopen the First National Bank, is very well satisfied as to the results already attained. Depositors are signing the extension agreement very freely, in fact there has been but one refusal according to Mr. Benjamin. He thinks it the only solution of the problem, to get it out of a receivers hands as soon as possible. He cites the instance of the Havre National Bank about ten days ago, paying ten per cent; it being the first and only payment to the depositors since the bank failed just two years ago. Under the hoped for arrangement for the local bank, 50 per cent would be paid in that period.
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NOTICE OF SHERIFF'S SALE OF REAL PROPERTY In the District Court of the Eighteenth Judicial District of the State of Montana, in and for the County of Hill. Anna L. Pfiffner, Plaintiff, VS. Nye C. Smith, A. L. Ritt, the Havre National Bank, a corporation, and Frank Browne, as Receiver of The Havre National Bank of Havre, orporation, Defendants. Notice Is Hereby Given, That the undersigned Sheriff of Hill Coun Ly, Montana, pursuant to the order of sale in the decree of foreclosure entered in the above entitled action in the above entitled Court, will, on Friday, April 3rd, A. D. 1925, at the hour of 10 o'clock A. M., of said day, sell at public auction to the highest and best bidder for cash, in front of the Court House in the City of Havre, Hill County, Montana, the following described real property situate in the County of Hill, State f Montana, The Northwest Quarter (NW 1/ of Section Two (2) and the Northeast Quarter (NE% of Section Three (3), in Township Thirty-four (34) North, of Range Sixteen (16) East, Montana Principal Meridian, ontaining 320 acres, more or less. accord ng to the Government survey thereof. Date at Havre, Montana; this the th day of March, A. D. 1925. R. TIMMONS, Sher of Hill County, Montana. By E. C. Liggett, Under Sheriff Hildebrand & Warren, Attorneys for Plaintiff, Glendive, Montana. Mar. 13-20-27
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Legal Advertisements ALIAS SUMMONS In the District the Eighteenth Judicial District of the State of Montana, In and for the County of Hill. A. E. Cole, Plaintiff. vs. Arthur John son, single man. and Barnes Brothers, Incorporated, corporaThe State of Montana sends greet. ings to the above named defendants and to each of them You are hereby to answer the this action which is filed in the office of the Clerk of this of which herew served Court, upon copy you in where in any of you reside file answer and serve copy upon the plaintiff's attorney twenty days after of this summons, ex clusive of the day service and case of your failure to appear or an swer judgment be taken against you, by default, for the relief demandthe ed This action compla for the foreclosure of certain real estate defend and delivered by the to the defend Arthur was later signed giv en for the security and which note is long past due and owing. foreclosure taxes paid by the plaintiff abstracting charges, costs and attorney's fees and seeks determine the rights and said gage bears date the 22nd day the of office May and was in the county clerk and recorder Montana on the 22nd day of May 1920 at 3:30 o'clock P. M. book 69 of Mortgages, page 174. The premises affected by said foreclosure are particularly described as follows Lots and and the SĀ½ of the NW% NW SW of Section Twp. 36 N. 15 E. containing 200 less according to the government survey thereof. For further details reference is made to the complaint on file herein Witness hand and the seal of said Court this 3rd day of KENZIE, Nov 1936 C. MAC (Seal) attorneys for Murch & Great Mont. ALIAS SUMMONS Court of the In Fudicial the District District of the State of and for the County All Other John claiming estate. who claim. any may or interest in, or lien, or enoumbrance upon, the real property des- any in the complaint the Plaintiff's adverse whether such title thereto, claim be present or poss contingent including any claim or possible of inchoate The State of Montana. all other who persons claim, any right, estate, or interest lien, or encumbrance upon. real property described in the complaint, any adverse the Plaintiff's ownership or any sloud upon Plaintiff's title thereto, whether such claim or possible claim present contingent including claim possible elaim of dower, are hereby to action an complaint in this the swer which is filed the office of the Clerk of this Court copy of which herewith served upon you, and and serve copy answer shereof file, upon the plaintiff's attorney service within twenty days after the this summons, exclusive of the day service and in case your will failure be udgment taken appear against you by default for the relief demanded in the This action the title to the Northeast South ter (SE% and the East half of the Southwest quarter section Thirty five 35) in Township Thirty North, of Range Sixteen (16). East of the Meridian Montana The the relief sought by is as follows the be required to forth all their adverse property above described and the validity superiority and priority Mareof determined that the same adjudged null and void, and that they be decreed have no estate interest in or lien, or eneumbrance upon, said property: that the title plaintiff as owner simple the whole said property be quieted to such claims. and that the defendants be forever debarred and enjoined from further asserting the same: John Ryan be the owner in fee all right, title and said premises hereimbefore described, and that the plain tiff may have such other and further relief as to the Court may seem just and equitable, together with his costs and Witness my hand and the seal of said Court this 15th day of November, D. 1926 M. C. MAC KENZIE (Seal) Lamey Havre Montana, attormey for the plaintiff (11/19/26) NOTICE OF ADMINISTRATOR'S SALE OF REAL ESTATE AT PRIVATE SALE District the Eighteenth In the District the of Montana. and the County of Hill. the the Estate of John In matter Romer Notice is hereby given, That in pur made entitled on day of No vember the titled the the of Estate John ministrator will at sale the Inafter the by said Court, on or the 6th day of December A. all title interest and John all title and that said estate has of law or otherwise by other than or addition that quired. said deceased at the time of his in that and land, County of HHL State of Montana. and more described as follows, to-wit The Southeast quarter (SE%) of Tow Sectio ship Thirty (32) North. or Range Thirteen East. M M. Terms and conditions of sale, cash ten per cent of the purchase price be paid at the time sale and the bal ance the the All bids and offers must be in writ ing and may be left at the office Lamey, attorney for said admin instrator, in the Court house in Havre. administrator in Hill County, Montana. or may filed in the office of the Clerk of this Court at any time after the first lication of this notice and before the making of this istrator sale. personally in Hill County Montana. or may filed in the office of the Clerk of this Court at any time after the first tice and before the making of this Dated this 17th day of November & Administrator of the Estate John Romer, Deceased 19/2w) SHERIFF'S SALE. No. 12833 In the District Court of the Eighteenth Judicial of the State of Mon. tana, in and for the County of Hill Johnson Marie Johnson, John Sinclair Company, D. Case, of the John F. Sinclair Company, Security State Bank of Box Elder, cor Brown, Receiver the Security State Bank of Box ElFarmers State Bank of Kremlin, corporation. F. B. Purdy, Receiver of the Farmers State Bank of Kremlin a corporation. and Hill County Oil Company To be sold at Sheriff's Sale on the 22nd day of December, D. 1926. M. at the West Door, of the Court House, Havre Montana, in the said County of Hill, the following to-wit:Southeast quarter (SE%) Section Thirteen (13) Thirty-one M M. North, Range Twelve (12) East, Dated this 22nd day of November, A. Sheriff Hill County By E LIGGETT. Sheriff Elwell Havre, Mont., Attorpublication Nov 26-4t ALIAS SUMMONS In the District Court of the Eigh Judicial District of the State of Montana, In and for the County of Hill Elizabeth Peshon, and H. Wolfe, E. Guay Max Kuhr, Marion Kuhr, N. Haskins, Haskins, The Havre National Bank corporation, Frank Browne. as or the Havre National Bank. W Erskine as Receiver of the Farmers State Bank of Havre corporation, Blair Company cor poration, Original Oils Company corporation Blaine County Royalty Montana Merchants Association. Defendants THE STATE OF MONTANA Sends to the above named Defendand to each of YOU ARE HEREBY SUMMONED to answer the complaint in this action which filed in the office of the Clerk of this Court, copy which is herewith served upon you. and to file your answer serve the plaintiffs attorney within twenty upon (20) after the service of this Summons, exclusive the day of service. and in case of your failure to appear answer. judgment will be taken against by default for the relief demanded in the Complaint That said was commenced to foreclose that certain mortgage made and executed on the day April, to the State Bank of Havre, urity for the payment of the of Fifteen Dollars ($1500.00) as evidenced by one certain promissory note, together with six interest coupon notes of even date that said mortgage was on the 4th day of April, 916, recorded in the office of Clerk and Recorder of Hill County Montana in Book 39 of Mortgages, page 164, and for the sale of the following forth in described premises. as set the Complaint East one-half (E) of Section Nineteen (19) in Township Thirty. four ($4) North, of Range Fourteen East, Montana Meridian of the sum of Fifteen Hundred Dollars ($1500.00) with interest thereon the rate of ten cent per annum from the Ist day of December, 1920: Hundred and #2-100 Dollars ($279.62) taxes paid, interest at the rate of tem per cent per annum from the 3rd day February 1926: Two Hundred Fifty fees; for plaintiffs costs and disbursements In said action; and for a decree that said defendants, Marion Kuhr. Athearn, Clarinda Athearn, N. Haskins, C. A. Haskins, The Havre National Bank, corpora tion, Frank Browne, as Receiver of The Havre National Bank, corporaW Erskine, as Receiver of The Farmers State Bank of Havre a pany corporation, Original Oils Com pany corporation. Blaine County Royalty Company corporation of Harlem, Montana, Merchants Associa tion, corporation, and their assigns. have no right, title, estate or interest in the above mentioned premises, or any thereof. superior to the right of the plaintiffs premises under and by virtue of the mortgage above and that the rights of said defendants in and to said premisea inferior to the rights of the plaintiffs herein under mortgage; and for such other and further relief as they may be intitled to under and by virtue of their Complaint in said action. TNESS my hand and the seal of said 1926 Court this 24th day of November, (SEAL) of Court. F. LAMBY Havre. Montana, Attorney Plaintiffs First publication Nov. 26-4t
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consonant with law as the City Council shall in its discretion prescribe. such water supply SO purchased to be under the control of the city and to he used by it in connection with its water system as may exist from time to time. That the voting places for voting such Special Election in said City shall be as follows: First Ward. 1st Precinct,-HiLine Metors, 1st St. Second Ward, 2nd Precinct,High Second Ward, 3rd PrecinctCity Third Ward. 4th Precinct. Havre Bottling Works. G. C. YEON City Sept. 30 Oct 18 NOTICE TO CREDITORS ceased. Estate or Bunker, de. Notice Hereby Given by the Olive executrix Bunker. of the estate Michelsen, Walter the tors and all persons claims the said exhibit the within ten after the this executrix at the same for the the business said estate the of Hill Dated Executrix the Estate of Walter Bunker, Maddox Attorneys Executrix Great Sept. 30 Oct. In The District MMONS EightDistrict of State Montana, the County Simon Ell, Katy EH, his wife Havre National Bank Frank Browne, Receiver Havre National thony Philip Webber, Lawrence Smith, Phillp Robert Guardian Smith and Richard Smith, Barnes Bros. Bond Company corporation. Lumber But mond and all Hamknown, might claim or terest upon real described this thereof, verse plaintiff's ownership plaintiff's title thereto, including be present or contingent claim possible claim inchoate accrued, Webber, of Montana Anthony Philip LAWrence Smith, Guardian PhilSmith. Robert Smith Richard Smith Barnes Bros., Inc., corporation, and other sons. claiming might claim. estate lien incumbrance real scribed in the any thereof, adverse plaintiff's claim. possible claim, presincluding any claim or possible inchoate Greetings: hereby the complaint in this which the office Clerk of served upon you, copy torney thereof upon the plaintiff's days after the this clusive of the service: and your appear judgment taken demanded involves following described lands, toThe West One Half of Section Nineteen (19), Township FOR SALE-Two corner lots Range Fourteen East Montana streets Apply Meridian, containing 295 survey thereof FOR new sought follows: bench of morning plaintiff's ing he FOR SALE truck equitable real and that fendants lien upon part of said de- claim any title, estate, scribed estate and that interest or the defendants forever the real property describupon joined and in this thereof. to plaintiff's real estate, adverse to the ownership plaintiff's thereto whether Witness My hand and the of said court this of Sep- present contingent, including 1928. claim any or Defendants Clerk the District Court The State or Montana to William Victor Mon. Robert Bronson and Sept. 30 Oct. NOTICE OF APPLIC ATION FOR DEED Notice Is That will the day 9:30 the County Treasurer the County State tax deed follow. Ing real property situated in Montana, South Half Section Township (34) Range (14) the amount due being hundred and dollars said taxes the rate of twelve per per from and lars ($3.00) service thereof. of affidavit Dated 20th day of September 1928. Raymond Lenhart, Jr. Sept. ALIAS SUMMONS In the District the Eigh teenth District of the State of Montana. and for the County Hill L. E. Marsden, plaintiff William John Lorimer. Robert Lor Willow Guenser. sole devisee under the Buttrey Farmers State Bank Montana, Receiver the Farmers State and all other persons unknown, claiming, or who might any right estate described thereof. adverse to the plaintiff's ownership plaintiff's thereto, such or be any claim or of dower, Greeting You are hereby to the in this action, which filled in the office Clerk of court, copy of which herewith served upon you and your thereof upon the plaintiff's torney within after this sive the service and failure appear or answer, judgment will taken against for the demanded action title following described lands South half (S Section Fifteen Township North, Range Thirteen East, Montana containing 320 acres more less according the United States government sprthereof. nature of the sought plaintiff follows: of this court quieting title the real and that he legal all of and that none have estate right. or in. to or upon any part of said Sept. 23 20 NOTICE FOR Land Notice hereby Albert and East notice three claim the before on the 29th by two of the Clark John James NICH Register. (Aug 29 30th
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LEGAL NOTICES ALIAS SUMMONS In the District Court of the Eighteenth Judicial District of the State of Montana, In and for the County of Hill. Hattle Buxton and Finley Ross, Plaintiffs, vs., William C. Olson, and Mrs. William Olson, if any: John F Sinclair Company, a corporation: D. L. Case, as Receiver of John Sinclair Company: The Havre National Bank, corporation: Frank Brown, as Receiver of the Havre National Bank; The Farmers State Bank of Havre corporation; C. W. Erskine, as of the Farmers State Bank of Havre; The Security State Bank of Havre, corporation: Troy, P. F. Jestrab and B. F. Hillsabeck. as Trustees of the Security State Bank of Havre and the State of The State of Montana sends greetings to the above named defendants and to each of them: You are hereby summoned to answer the in this action, which is filed in the office of the Clerk of this Court, copy of which herewith served upon you, and to file your answer and copy thereof upon the plaintiffs attorney within twenty (20) days after the service of this summons exclusive of the day of service and in case of your failure to appear or answer, judgment will be taken against you, by default. for the relief demanded in the complaint That said action was commencea to foreclose that certain mortgage made and executed on the 10th day of September, 1917, the grantor of defendants William C. Olson and Mrs. William C. Olson, if any, to the John F. Sinclair & Company a and plaintiff's assignor, and given to secure the payment of One Thousand ($1 00) Dollars as evidenced by one certain promissory note and five interest coupon notes of even date therewith; that said mortgage was on the 25th day of September, 1917. recorded in the office of the County Clerk and Recorder of Hill County, Montana, in Book 12 of Mortgages, page 75, and for the sale of the following described premises, as set forth in said complaint: SW% of Section 17. Township 36, North, Range 11 East of the Monitana Meridian. in satisfaction of the sum of One Thousand 000 Dollars, with interest thereon at the rate of ten per cent per annum from the 1st day of October. 1922: for the sumi of Two Hundred ($200.00) Dollars reasonable attorney's fees; for plaintiffs costs and disbursements in said action ;and for decree that the said defendants, William Olson, and Mrs. William C. O1son, if any; John F. Sinclair Company, D. L. Case as Receiver of John F. Sinclair Company the Havre National Bank, a corporation; Frank Brown, Receiver the Havre National Bank The Farmers State Bank of Havre, corporation; C. W. Erskine as Receiver of the Farmers State Bank of Havre; The Security beck as Trustees of the Security State State Bank of Havre, T. Troy, Jestrab and B. F. HillsaBank of Havre, and the State of Montana,and their assigns, have no right, title, estate or interest in the above mentioned premises or any part thereof superior to the right of the plaintiffs in said premises under and by virtue of the mortgage above mentioned, and that the rights of said defendants in and to said premises are inferior to the rights the plaintiffs herein under their mortgage and for such other and further relief as he may be entitled to under and by virtue of his complaint in said action. Witness my hand and the seal of this court this 19th day of September, 1928. M. C. MacKenzie, Clerk. By (SEAL) Evelyn M. Boyle, Deputy Clerk. E. V. Ahern. Havre. Montana, Attorney for Plaintiffs. 9-21-