11399. Homestead State Bank (Homestead, MT)

Bank Information

Episode Type
Suspension → Closure
Bank Type
state
Start Date
December 17, 1927
Location
Homestead, Montana (48.421, -104.539)

Metadata

Model
gpt-5-mini
Short Digest
e8b7930e

Response Measures

None

Description

Articles show a court order (Dec 17, 1927) appointing a receiver (Fred Ibsen) and the receiver selling remaining assets in January 1928. No run is mentioned; the bank was placed in receivership and assets disposed of, consistent with a suspension leading to permanent closure.

Events (3)
1. December 17, 1927 Receivership
Newspaper Excerpt
Dated this 17th day of December, 1927. 38-t2 FRED IBSEN, Receiver. Receiver Fred Ibsen is holding an auction sale today of the remainder of assets of the Homestead State Bank at Homestead. ...the undersigned Receiver will offer for sale the Bills and Accounts Receivable belonging to Homestead State Bank... Dated this 30th day of January, 1928. FRED IBSEN, Receiver.
Source
newspapers
2. December 17, 1927 Suspension
Cause
Government Action
Cause Details
Court order appointing a receiver for Homestead State Bank (order dated December 17, 1927).
Newspaper Excerpt
NOTICE IS HEREBY GIVEN, that in pursuance of an order duly made by said Court on the 17th day of December, 1927, in the above entitled matter, the undersigned, Receiver of Homestead State Bank, will sell...
Source
newspapers
3. January 6, 1928 Other
Newspaper Excerpt
Receiver Fred Ibsen is holding an auction sale today of the remainder of assets of the Homestead State Bank at Homestead.
Source
newspapers

Newspaper Articles (3)
1. December 23, 1927 The Producers News Plentywood, MT
Article from The Producers News, December 23, 1927

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Article Text

NOTICE IS HEREBY GIVEN, that in pursuance of an order duly made by said Court on the 17th day of December, 1927, in the above entitled matter, the undersigned, Receiver of Homestead State Bank, will sell at private sale any or all of the remaining assets of said bank at any time prior to 6th day of January, 1928; and that any and all of said assets then remaining unsold and undisposed of, will be sold at public auction, collectively or separately, for the best cash price obtainable, on said 6th day of January, 1928, commencing at the hour of two (2) o'clock P. M. of said day and continuing until all of said assets are disposed of, said sale to be had at Homestead State Bank building, in Homestead, Sheridan County, Montana. Said property to be sold will consist of the following described real estate, to-wit: Lot 12 of Block 3, Homestead original townsite, with the building thereon situate. And the balance of said assets will consist of promissory notes, secured and unsecured; rights of action for balance due on stockholder's liability; judgments, overdrafts, furniture and fixtures, and other miscellaneous articles, all as set forth and described in the list on file in the above-entitled action, a copy of which list will also be on file with J. S. Olness at Homestead, Montana, for the inspection of any persons interested therein. Terms of sale is cash, payable at the time of sale. Dated this 17th day of December, 1927. 38-t2 FRED IBSEN, Receiver.

2. January 6, 1928 Plentywood Herald Plentywood, MT
Article from Plentywood Herald, January 6, 1928

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Article Text

dinner guests of Father O'Rourke Thursday evening. Nancy Marron left Saturday for Missoula to continue ber work at the State University. Judge S. E. Paul went to Havre Dec. 29th where he sat in Hill County legal cases. Alden Johnson went to Milwakee last Monday where he has a position with an express company. Mr. and Mrs. C. J. Flaten came over from Opheim to spend the New Year bolidays with the Ibsen family. Grace Sherry of Redstone left for home Tuesday after spending her holiday vacation with her chum Harriet Bull. Miss Nora Braaten of Glasgow ar rived here Monday and will spend a couple of weeks visiting at the Matkin home. Miss Alice Ator left Monday for Conrad, Montana, where she has ac cepted a position as bookkeeper in a general store. Thursday last week, Dec. 29th, a daughter was born at the local hospital to Mr. and Mrs. J. H. Gol terman of Redstone. Receiver Fred Ibsen is holding ar auction sale today of the remainder of assets of the Homestead State Bank at Homestead. Mr. and Mrs. Forrest Matkin and daughter Mary Lou visited for week during the holidays with J. D. Matkin and family. Chester Onstad and Oliver Zie barth are back at their State Uni versity work, Missoula, after spend .ing a couple of weeks at home. Mesdames Forman and Redmond entertained a number of youn) ladies at an elaborate 6 o'clock din ner Thursday evening. Cards wer enjoyed until a late hour. Wm. Ross of Daleview broug his daughter Bertha back to Plenty wood Monday after spending he vacation at home. Miss Bertha is a freshman in high school. Beulah Nelson returned Monday from Dooley where she spent he vacation with her father. Mis Buelah is making her home with her sister Mrs. Leland Kitzenberg while attending school. A number of young people from Redstone and Flaxville were here to attend the masquerade dance at the temple Saturday night. It was the annual masquerade ball sponcered by the Degree of Honor. Fred Ibsen, receiver of the former State Bank of Plentywood, is busy writing dividend checks. They are receiving a 20 per cent dividend, which is considered very good and the majority of depositors are well satisfied. E. W. Palutzke who has 21 tenants on farms in this state, offered three prizes the past season for the best average production per acre. Last week Rav Bishop who is one of the tenants, living south of town received a check of $75 as the winner of second prize.-Redstone Re view. Friday evening Tom Rossum re turned to take charge of his duties at the hospital. Mr. Rossum left before Christmas to spend a week with his son-in-law John Lien and family six miles northeast of Out look. Arthur Knutson looked after the janitor work at the hospitduring Tom Fossum's absence. A teacher training class will be

3. February 10, 1928 The Producers News Plentywood, MT
Article from The Producers News, February 10, 1928

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Article Text

STATE OF MONTANA, Plaintiff, -versusSheridan County State Bank, a bankin Corporation, Defendant. NOTICE IS HEREBY GIVEN, that the undersigned Receiver of the above named insolvent bank will offer at private sale at any time prior to the 16th day of February, 1928, and thereafter and on said 16th day of February, 1928, at the hour of Two (2) o'clock p. m. of said day, at the office of the undersigned Receiver, at Plentywood, Montana, will offer for sale the remaining assets of said bank at public auction of whatsoever nature, collectively or separately, for the best cash price obtainable and subject to the confirmation of abovenamed court. The personal property to be sold consists of Bills and Notes Receivable, Stockholders' Liabilities, and Furniture and Fixtures, a list of which said personal property is on file in the above-entitled Court, and also with the undersigned Receiver. AND NOTICE IS HEREBY FURTHER GIVEN, that at said time and place, the undersigned Receiver will offer for sale the Bills and Accounts Receivable belonging to Homestead State Bank, Citizens State Bank of Antelope, and Farmers State Bank, Medicine Lake, Montana, at public auction, collectively, a list of which said Bills and Accounts Receivable is on file with the undersigned Receiver. Dated this 30th day of January, 1928. FRED IBSEN, 44-t2 Receiver.