11454. Home State Bank (Manhattan, MT)

Bank Information

Episode Type
Suspension → Closure
Bank Type
state
Start Date
*
Location
Manhattan, Montana (45.857, -111.332)

Metadata

Model
gpt-5-mini
Short Digest
57982df6

Response Measures

None

Description

Articles describe the Home State Bank of Manhattan being placed under an examiner/receiver and the directors closing the institution; no run is mentioned. Closure appears to be regulatory/examiner-driven and a receiver was appointed.

Events (2)

1. * Other
Newspaper Excerpt
The receiver of the Home State Bank Manhattan sought to collect $174.15 ... The receiver sued the Helena bank for the amount but lost in the district court ... and appealed.
Source
newspapers
2. * Suspension
Cause
Government Action
Cause Details
A deputy bank examiner took charge due to concerns about the bank's condition; directors closed the institution and a receiver was subsequently appointed.
Newspaper Excerpt
the assistant cashier of that bank at 4 p. m., after banking hours, and during the absence of the cashier who had gone to Helena to confer with the superintendent of banks regarding the bank's condition. On the following morning a deputy bank examiner took charge of the bank until on the succeeding day when the directors closed the institution.
Source
newspapers

Newspaper Articles (2)

Article from The Independent-Record, December 29, 1926

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Article Text

SUMMER yesterday from the tours agenannounced that special tourtrains de luxe will be routed through Helena The will be the "BANKING HOURS" RULE IS NO LONGER IN The agancy THE STATE OF MON. its tourists were highly pleased TANA treatment accorded here summer. Approximately 100 Checks presented to bank, tourists will each of the trains matter what hour of the day, must next said. season, was be returned to the bank person making presentation within of the actual time presented, it to be will deemed have been accepted, the ruling the state affirming in favor National Bank wherethe receiver of the Home State Bank Manhattan sought to collect $174.15 from Helena bank. The William M. Bishop, of the earopinion the court writliest pioneers of Helena, died yesterAssociate Justice Albert by day morning the family home Stark and the ruling affirms the Henry street. He had been trict court of this county. failing health for some time. Arthe close of the Home Just prior rangements for the funeral await the bank, the Peoples store of Manhatarrival his daughter, Mrs. Louis the Davidson tan paid of Seattle. Mr. Strang, Bishop's of Butte, check for $174.15. pany body Opp and Conrad's funeral The check deposited Butte home. bank sent the Helena bank Mr. Bishop's survivors his widcollection and by them the and one daughter, Miss Helen Manhattan bank for credit. By the Bishop. time arrived, the Manhattan bank Mr. Bishop was native of Contaken over by an official necticut, born in 1842. He came west the banking and state the by team via Jim Bridger route of the check was payment and the Bozeman pass, arriving returned to the Helena bank, Virginia City 1864. the same with two other items which together year moved to Last accompanied These were Chance gulch, has been resiby the Helena bank erly credited dent of city time. For the amount appeared several years he employed claim against the Manhattan the Western Union comThe receiver sued the Helena bank. lineman. pany he was amount but lost in the bank for the employed postoffice, and after and appealed. long and honorable record in The store check reached Peoples federal service he was retired 1920 the Home bank Manhattan May Mr. Bishop member of the but was not back local lodge. National Bank Montana the after the 24-hour period until UNIVERSITY elapsed. QUITS ARMY COURSE


Article from Plentywood Herald, January 14, 1927

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Article Text

TREASURE STATE FARM AND LIVESTOCK BANK MUST HONOR CHECK HELD DAY FAILURE TO RETURN PAPER IN 24 HOURS MAKES BANK RESPONSIBLE Right-of-Way for Highway Granted to Pondera County by Land Board; Hubbard Ordered Returned to State by Governor Erickson (By Our Helena Correspondent.) Failure of a bank to return a check it does not wish to honor, within 24 hours of the receipt of check, places the bank in the position of having accepted the same, under the Montana statute, according to the interpretation placed upon the act by the supreme court in affirming the judgment of the district court of Lewis and Clarke county in favor of the defendant in the case of the receiver of the Home State bank of Manhattan, against the National bank of Montana, Helena. The receiver has brought suit to recover the sum of $174.15 drawn upon the Home State bank by the people's Store of Manhattan, payable to the Davidson Grocery company of Butte. The check was deposited in a Butte bank which sent it to its Helena correspondent, the National bank of Montana, with which the ManThe record grain shipments from any one primary grain market, do not always indicate a general agricultural prosperity. hattan bank carried an account. The HeleOne farmer many get sixty bushels to the acre, while his neighbor across the fence gets but 12. When the farmers get tona bank charged the amount to the Mangether and compare notes, then can we look for more uniform producion. That is the aim of the new program movement. hattan bank and sent the check on to Manhattan by mail, it being received by the assistant cashier of that bank at 4 p. m., after banking hours, and during the ab40 ORGANIZATIONS JOIN IN A STATE RANKS 2ND sence of the cashier who had gone to Helena to confer with the superintendent of banks regarding the bank's condition. On the following morning a deputy bank STUDY OF FARM PROBLEMS examiner took charge of the bank until IN WOOL OUTPUT on the succeeding day when the directors closed the institution. The check was subMontana Retail Merchants' association: W. (From the Montana State College) Sequently returned to the Helena bank, By MURRAY E. STEBBINS, A. Lundahl and Arthur Talmadge, presiwhich sent it to Butte, and later on it IH 40 organizations repredent and secretary of the State Hardware Secretary of Montana Wool Growers' was returned to the examiner in charge senting the leading agriculand Implement Dealers' association. H. S. Association. with the statement that the Butte bank W Buell, chairman of the agricultural committural, business and industrial refused to accept it because of the delay IXTY-SIX years ago John W. tee of the Montana Bankers' association: on the part of the Manhattan bank in not nterprises of the state joining L. A. Campbell and W. P. Stapleton, reBishop ,now living at Dillon, returning the item sooner. ands, Montana has set out on a S presenting the Northern Pacific railway; trailed the first sheep into MonThe receiver, subsequently appointed. C. D. Greenfield and E. C. Leedy, reprerogram of agricultural developbrought action against the Helena bank tana from California. Little did he senting the Great Northern railway; J. B. nent which aims to put existing farm for the amount of the item and the action Lamson, representing the Chicago, Burrealize that in trailing some two resulted in a judgment in favor of the nterprises on a sounder economic lington & Quincy railway; E. W. Hall, rethousand sheep into the territory of latter bank. From this he appealed to the asis, to outline a safe course for presenting the Chicago, Milwaukee and St. supreme court which now affirms the Montana, he was laying the foundaPaul railway; uture growth, and to more rapidly judgment. tion for an industry which was to Chris H. Buitenboff and O. A. Sipple, ring the immense state wide meetpresident and secretary of the Montana become one of the chief resources of held at Montana State college Beekeepers' association; Fred T. Barker. At a recent meeting of the state board the great Treasure state. president of the Montana Horticultural Soweek, participated in by men of land commissioners the board approved The first sheep reached eastern ciety; J. R. Scott, president of the Monthe application of the board of county nd women of every section of the Montana in 1876. In the fall of that tana Poultry association; G. M. Lewis, commissioners of Pondera county for right tate. of way for a highway across state lands president of the Montana Seed Growers' year George Miles, now president of Previous to the meetings, Montana State association: A. E. Westlake, president of through the west portion of 16.29, 3 west. the First National bank of Miles City, ollege had prepared a bulletin giving in the State Dairymen's association: H. B. The acreage for the right of way is 4.47 etail all of the agricultural resources and crossed the first flock of sheep over Mitchell and George Webster, president acres, but as it separates two irregular the Vellowstone river near Fort ossibilities of the state, the result of two and secretary of the Montana Dairy Coun-