11460. Security State Bank (Medicine Lake, MT)

Bank Information

Episode Type
Suspension → Closure
Bank Type
state
Start Date
February 4, 1937
Location
Medicine Lake, Montana (48.501, -104.505)

Metadata

Model
gpt-5-mini
Short Digest
86f98ad6

Response Measures

None

Description

Multiple clippings (Feb–Mar 1937) identify the Security State Bank of Medicine Lake and refer to S. C. Faaborg as Receiver of the Security State Bank, indicating the bank was in receivership (closed) and involved in court proceedings to distribute funds. No article describes a depositor run prior to suspension; the closure appears to be by receiver/government action.

Events (1)
1. February 4, 1937 Suspension
Cause
Government Action
Cause Details
Bank placed in receivership; court filings name S. C. Faaborg as Receiver and reference distribution of deposited funds in court registry related to condemnation proceedings; indicates bank closed and in receivership by legal/government action.
Newspaper Excerpt
S. C. Faaborg, as Receiver of the Security State Bank, a banking corporation of Medicine Lake, Montana
Source
newspapers

Newspaper Articles (10)
1. February 11, 1937 Plentywood Herald Plentywood, MT
Article from Plentywood Herald, February 11, 1937

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TORICAL SOCIE OF MONTANA 5 of Friday, the 19th day of Marcn, 1901, North; at 10:00 o'clock A. M. at the court of the room of the Court in the Federal ridian in Building at Great Falls, Montana, be and they are hereby fixed as the and 3 2, time and place for the defendants, 31 above named, to appear and show the of cause, if any they have, why the said in eridian funds should not be disbursed as prayed for in petition of the defendand it apant, S. C. Faaborg, and make and dants, The present any claims they have to the anking corsaid funds or any part thereof. Montana, IT IS THE FURTHER ORDER eiver of the OF THE COURT That, in the event Medicine the defendants, above named, fail to M. Smith, appear and show cause or make a body claim to the said funds or some part The Heirs, thereof on or before said date, the of Mary Court will proceed to receive eviThe Heirs, dence in support of the allegations of Rosin the petition of the defendant, S. The Heirs, C. Faaborg, and distribute said of Jofunds in accordance with law. Robert E. IT IS THE FURTHER ORDER individually OF THE COURT That a copy of this Bruce, deorder be served upon the defendJoseph E. ants, Sheridan County, Montana, a Jane Westbody politic and corporate, Fred and as Bruce, Robert E. Bruce, Maxim DaDavis, devis, Mary Jane Westfall (nee Davis), eceased, and Louis William Joseph Davis, Julius Maxim Joseph Frederick Davis, Harry DaRosalie vis, Robert Bruce, H. B. Cloud, The Louis WilSecurity State Bank, a banking corJoseph poration of Medicine Lake, Montana, Davis, S. C. Faaborg, as Receiver of the of Mary Security State Bank, a banking corceased, Rosporation of Medicine Lake, MonJoseph E. tana, and Edna M. Smith, at least E. Bruce; ten days prior to the said day of may claim hearing, by the Marshal for the Distdeposited rict of Montana, or otherwise. for Tract DATED this, the 4th day of Febthe Court ruary, A. D., 1937. premises, CHARLES N. PRAY, ERED that United States District Judge.

2. February 11, 1937 Plentywood Herald Plentywood, MT
Article from Plentywood Herald, February 11, 1937

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ORDER TO APPEAR AND SHOW CAUSE THE UNITED STATES OF AMERICA, IN THE UNITED STATES DISTRICT COURT, DISTRICT OF MONTANA, GREAT FALLS DIVISION. The United States of America, Plaintiff, VS. S. C. Faaborg, also known as Simon C. Faaborg; Antoinette O. Faaborg; The Heirs, Representatives and Assigns of Mary Bruce Davis, Deceased; The Heirs, Representatives and Assigns of Rosalie Bruce, deceased; The Heirs, Representatives and Assigns of Joseph E. Bruce, deceased; Robert E. Bruce and Fred Bruce, individually and as Heirs of Rosalie Bruce, deceased, and as Heirs of Joseph E. Bruce, deceased; Mary Jane Westfall (nee Davis), individually and as an Heir of Mary Bruce Davis, deceased, Rosalie Bruce, deceased, and Joseph E. Bruce, deceased; Maxim Davis, as Heir of Mary Rosalie Bruce Davis, deceased; Louis William Joseph Davis, Julius Joseph Frederick Davis and Harry Davis, individually and as Heirs of Mary Rosalie Bruce Davis, deceased, Rosalie Bruce, deceased, and Joseph E. Bruce, deceased; Robert Bruce; H. B. Cloud; Sheridan County, Montana, a body politic and corporate; Edna M. Smith; Security State Bank, a corporation of Medicine Lake, Montana; S. C. Faaborg, as Receiver of the Security State Bank, a corporation; And all persons unknown, claiming any interest in the lands herein described, or any part thereof, Defendants. At Law No. 1304. The petition of the defendant, S. C. Faaborg, in the above-entitled cause, alleging and setting forth that he, together with Sheridan County, Montana, are the owners of and entitled to the payment of the following sums deposited into the registry of this court in pursuance of the Judgment in Condemnation: For Tract No. 1, the sum of $1,192.10 For Tract No. 2, the sum of $1,472.80, Condemning and vesting title in the United States of America in fee simple to the following described lands in Sheridan County, Montana: Tract No. 1. Lots 6 and 7 of Section 33, Township 32

3. February 11, 1937 Plentywood Herald Plentywood, MT
Article from Plentywood Herald, February 11, 1937

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north; and Lots 4 and 5 of Section 4, Township 31 North; all in Range 56 East of the Montana Principal Meridian in Sheridan County, Montana. Tract No. 2. Lots 1, 2, 3 and 6 of Section 4, Township 31 North of Range 56 East of the Montana Principal Meridian in Sheridan County, Montana. having been filed herein; and it appearing that the defendants, The Security State Bank, a banking corporation of Medicine Lake, Montana, or S. C. Faaborg, as Receiver of the Security State Bank of Medicine Lake, Montana, Edna M. Smith, Sheridan County, Montana, a body politic and corporate, The Heirs, Representatives and Assigns of Mary Bruce Davis, deceased; The Heirs, Representatives and Assigns of Rosalie Bruce, deceased; The Heirs, Representatives and Assigns of Joseph E. Bruce, deceased; Robert E. Bruce and Fred Bruce, individually and as Heirs of Rosalie Bruce, deceased, and as Heirs of Joseph E. Bruce, deceased; Mary Jane Westfall (nee Davis), individually and as an Heir of Mary Bruce Davis, deceased, Rosalie Bruce, deceased, and Joseph E. Bruce, deceased; Maxim Davis, as Heir of Mary Rosalie Bruce Davis, deceased; Louis William Joseph Davis, Julius Joseph Frederick Davis and Harry Davis, individually and as Heirs of Mary Rosalie Bruce Davis, deceased, Rosalie Bruce, deceased, and Joseph E. Bruce, deceased; Robert E. Bruce; and H. B. Cloud claim or may claim some interest in the funds deposited in the registry of the court for Tract No. 1 and Tract No. 2, and the Court being fully advised in the premises, IT IS HEREBY ORDERED that

4. February 18, 1937 Plentywood Herald Plentywood, MT
Article from Plentywood Herald, February 18, 1937

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Friday, the 19th day of March, 1937, at 10:00 o'clock A. M. at the court room of the Court in the Federal Building at Great Falls, Montana, be and they are hereby fixed as the time and place for the defendants, above named, to appear and show cause, if any they have, why the said funds should not be disbursed as prayed for in petition of the defendant, S. C. Faaborg, and make and present any claims they have to the said funds or any part thereof. IT IS THE FURTHER ORDER OF THE COURT That, in the event the defendants, above named, fail to appear and show cause or make claim to the said funds or some part thereof on or before said date, the Court will proceed to receive evidence in support of the allegations in the petition of the defendant, S. C. Faaborg, and distribute said funds in accordance with law. IT IS THE FURTHER ORDER OF THE COURT That a copy of this order be served upon the defendants, Sheridan County, Montana, a body politic and corporate, Fred Bruce, Robert E. Bruce, Maxim Davis, Mary Jane Westfall (nee Davis), Louis William Joseph Davis, Julius Joseph Frederick Davis, Harry Davis, Robert Bruce, H. B. Cloud, The Security State Bank, a banking corporation of Medicine Lake, Montana, S. C. Faaborg, as Receiver of the Security State Bank, a banking corporation of Medicine Lake, Montana, and Edna M. Smith, at least ten days prior to the said day of hearing, by the Marshal for the District of Montana, or otherwise. DATED this, the 4th day of February, A. D., 1937. CHARLES N. PRAY, United States District Judge.

5. February 18, 1937 Plentywood Herald Plentywood, MT
Article from Plentywood Herald, February 18, 1937

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north; and Lots 4 and 5 of Section 4, Township 31 North; all in Range 56 East of the Montana Principal Meridian in Sheridan County, Montana. Tract No. 2. Lots 1, 2, 3 and 6 of Section 4, Township 31 North of Range 56 East of the Montana Principal Meridian in Sheridan County, Montana. having been filed herein; and it appearing that the defendants, The Security State Bank, a banking corporation of Medicine Lake, Montana, or S. C. Faaborg, as Receiver of the Security State Bank of Medicine Lake, Montana, Edna M. Smith, Sheridan County, Montana, a body politic and corporate, The Heirs, Representatives and Assigns of Mary Bruce Davis, deceased; The Heirs, Representatives and Assigns of Rosalie Bruce, deceased; The Heirs, Representatives and Assigns of Joseph E. Bruce, deceased; Robert E. Bruce and Fred Bruce, individually and as Heirs of Rosalie Bruce, deceased, and as Heirs of Joseph E. Bruce, deceased; Mary Jane Westfall (nee Davis), individually and as an Heir of Mary Bruce Davis, deceased, Rosalie Bruce, deceased, and Joseph E. Bruce, deceased; Maxim Davis, as Heir of Mary Rosalie Bruce Davis, deceased; Louis William Joseph Davis, Julius Joseph Frederick Davis and Harry Davis, individually and as Heirs of Mary Rosalie Bruce Davis, deceased, Rosalie Bruce, deceased, and Joseph E. Bruce, deceased; Robert E. Bruce; and H. B. Cloud claim or may claim some interest in the funds deposited in the registry of the court for Tract No. 1 and Tract No. 2, and the Court being fully advised in the premises, IT IS HEREBY ORDERED that

6. February 18, 1937 Plentywood Herald Plentywood, MT
Article from Plentywood Herald, February 18, 1937

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ORDER TO APPEAR AND SHOW CAUSE THE UNITED STATES OF AMERICA, IN THE UNITED STATES DISTRICT COURT, DISTRICT OF MONTANA, GREAT FALLS DIVISION. The United States of America, Plaintiff, vs. S. C. Faaborg, also known as Simon C. Faaborg; Antoinette O. Faaborg; The Heirs, Representatives and Assigns of Mary Bruce Davis, Deceased; The Heirs, Representatives and Assigns of Rosalie Bruce, deceased; The Heirs, Representatives and Assigns of Joseph E. Bruce, deceased; Robert E. Bruce and Fred Bruce, individually and as Heirs of Rosalie Bruce, deceased, and as Heirs of Joseph E. Bruce, deceased; Mary Jane Westfall (nee Davis), individually and as an Heir of Mary Bruce Davis, deceased, Rosalie Bruce, deceased, and Joseph E. Bruce, deceased; Maxim Davis, as Heir of Mary Rosalie Bruce Davis, deceased; Louis William Joseph Davis, Julius Joseph Frederick Davis and Harry Davis, individually and as Heirs of Mary Rosalie Bruce Davis, deceased, Rosalie Bruce, deceased, and Joseph E. Bruce, deceased; Robert Bruce; H. B. Cloud; Sheridan County, Montana, a body politic and corporate; Edna M. Smith; Security State Bank, a corporation of Medicine Lake, Montana; S. C. Faaborg, as Receiver of the Security State Bank, a corporation; And all persons unknown, claiming any interest in the lands herein described, or any part thereof, Defendants. At Law No. 1304. The petition of the defendant, S. C. Faaborg, in the above-entitled cause, alleging and setting forth that he, together with Sheridan County, Montana, are the owners of and entitled to the payment of the following sums deposited into the registry of this court in pursuance of the Judgment in Condemnation: For Tract No. 1, the sum of $1,192.10 For Tract No. 2, the sum of $1,472.80, Condemning and vesting title in the United States of America in fee simple to the following described lands in Sheridan County, Montana: Tract No. 1. Lots 6 and 7 of Section 33, Township 32

7. February 25, 1937 Plentywood Herald Plentywood, MT
Article from Plentywood Herald, February 25, 1937

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# ORDER TO APPEAR AND SHOW CAUSE THE UNITED STATES OF AMERICA, IN THE UNITED STATES DISTRICT COURT, DISTRICT OF MONTANA, GREAT FALLS DIVISION. The United States of America, Plaintiff, vs. S. C. Faaborg, also known as Simon C. Faaborg; Antoinette O. Faaborg; The Heirs, Representatives and Assigns of Mary Bruce Davis, Deceased; The Heirs, Representatives and Assigns of Rosalie Bruce, deceased; The Heirs, Representatives and Assigns of Joseph E. Bruce, deceased; Robert E. Bruce and Fred Bruce, individually and as Heirs of Rosalie Bruce, deceased, and as Heirs of Joseph E. Bruce, deceased; Mary Jane Westfall (nee Davis), individually and as an Heir of Mary Bruce Davis, deceased, Rosalie Bruce, deceased, and Joseph E. Bruce, deceased; Maxim Davis, as Heir of Mary Rosalie Bruce Davis, deceased; Louis William Joseph Davis, Julius Joseph Frederick Davis and Harry Davis, individually and as Heirs of Mary Rosalie Bruce Davis, deceased, Rosalie Bruce, deceased, and Joseph E. Bruce, deceased; Robert Bruce; H. B. Cloud; Sheridan County, Montana, a body politic and corporate; Edna M. Smith; Security State Bank, a corporation of Medicine Lake, Montana; S. C. Faaborg, as Receiver of the Security State Bank, a corporation; And all persons unknown, claiming any interest in the lands herein described, or any part thereof, Defendants. At Law No. 1304. The petition of the defendant, S. C. Faaborg, in the above-entitled cause, alleging and setting forth that he, together with Sheridan County, Montana, are the owners of and entitled to the payment of the following sums deposited into the registry of this court in pursuance of the Judgment in Condemnation: For Tract No. 1, the sum of $1,192.10 For Tract No. 2, the sum of $1,472.80, Condemning and vesting title in the

8. February 25, 1937 Plentywood Herald Plentywood, MT
Article from Plentywood Herald, February 25, 1937

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PAGE SEVEN United States of America in fee simple to the following described lands in Sheridan County, Montana: Tract No. 1. Lots 6 and 7 of Section 33, Township 32 north; and Lots 4 and 5 of Section 4, Township 31 North; all in Range 56 East. of the Montana Principal Meridian in Sheridan County, Montana. Tract No. 2. Lots 1, 2, 3 and 6 of Section 4, Township 31 North of Range 56 East of the Montana Principal Meridian in Sheridan County, Montana. having been filed herein; and it appearing that the defendants, The Security State Bank, a banking corporation of Medicine Lake, Montana, or S. C. Faaborg, as Receiver of the Security State Bank of Medicine Lake, Montana, Edna M. Smith, Sheridan County, Montana, a body politic and corporate, The Heirs, Representatives and Assigns of Mary Bruce Davis, deceased; The Heirs, Representatives and Assigns of Rosalie Bruce, deceased; The Heirs, Representatives and Assigns of Joseph E. Bruce, deceased; Robert E. Bruce and Fred Bruce, individually and as Heirs of Rosalie Bruce, deceased, and as Heirs of Joseph E. Bruce, deceased; Mary Jane Westfall (nee Davis), individually and as an Heir of Mary Bruce Davis, deceased, Rosalie Bruce, deceased, and Joseph E. Bruce, deceased; Maxim Davis, as Heir of Mary Rosalie Bruce Davis, deceased; Louis William Joseph Davis, Julius Joseph Frederick Davis and Harry Davis, TO individually and as Heirs of Mary Rosalie Bruce Davis, deceased, Rosalie Bruce, deceased, and Joseph E. Bruce, deceased; Robert E. Bruce; and H. B. Cloud claim or may claim some interest in the funds deposited in the registry of the court for Tract n No. 1 and Tract No. 2, and the Court ; being fully advised in the premises, IT IS HEREBY ORDERED that S Friday, the 19th day of March, 1937, at 10:00 o'clock A. M. at the court room of the Court in the Federal S Building at Great Falls, Montana, d be and they are hereby fixed as the f time and place for the defendants, S above named, to appear and show cause, if any they have, why the said ; funds should not be disbursed as prayed for in petition of the defendy e ant, S. C. Faaborg, and make and present any claims they have to the S said funds or any part thereof. IT IS THE FURTHER ORDER OF THE COURT That, in the event the defendants, above named, fail to S S appear and show cause or make claim to the said funds or some part thereof on or before said date, the Court will proceed to receive evin dence in support of the allegations in the petition of the defendant, S. d C. Faaborg, and distribute said y R funds in accordance with law. IT IS THE FURTHER ORDER in e OF THE COURT That a copy of this order be served upon the defendants, Sheridan County, Montana, a g body politic and corporate, Fred Bruce, Robert E. Bruce, Maxim Davis, Mary Jane Westfall (nee Davis), Louis William Joseph Davis, Julius Joseph Frederick Davis, Harry Davis, Robert Bruce, H. B. Cloud, The d Security State Bank, a banking corh poration of Medicine Lake, Montana, S. C. Faaborg, as Receiver of the n of Security State Bank, a banking core poration of Medicine Lake, Mone tana, and Edna M. Smith, at least ce ten days prior to the said day of hearing, by the Marshal for the District of Montana, or otherwise. DATED this, the 4th day of February, A. D., 1937.

9. March 4, 1937 Plentywood Herald Plentywood, MT
Article from Plentywood Herald, March 4, 1937

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PAGE SEVEN United States of America in fee simple to the following described lands in Sheridan County, Montana: Tract No. 1. Lots 6 and 7 of Section 33, Township 32 north; and Lots 4 and 5 of Section 4, Township 31 North; all in Range 56 East of the Montana Principal Meridian in Sheridan County, Montana. Tract No. 2. Lots 1, 2, 3 and 6 of Section 4, Township 31 North of Range 56 East of the Montana Principal Meridian in Sheridan County, Montana. having been filed herein; and it appearing that the defendants, The Security State Bank, a banking corporation of Medicine Lake, Montana, or S. C. Faaborg, as Receiver of the Security State Bank of Medicine Lake, Montana, Edna M. Smith, Sheridan County, Montana, a body politic and corporate, The Heirs, Representatives and Assigns of Mary Bruce Davis, deceased; The Heirs, Representatives and Assigns of Rosalie Bruce, deceased; The Heirs, Representatives and Assigns of Joseph E. Bruce, deceased; Robert E. Bruce and Fred Bruce, individually and as Heirs of Rosalie Bruce, deceased, and as Heirs of Joseph E. Bruce, deceased; Mary Jane Westfall (nee Davis), individualiy and as an Heir of Mary Bruce Davis, deceased, Rosalie Bruce, deceased, and Joseph E. Bruce, deceased; Maxim Davis, as Heir of Mary Rosalie Bruce Davis, deceased; Louis William Joseph Davis, Julius Joseph Frederick Davis and Harry Davis, individually and as Heirs of Mary Rosalie Bruce Davis, deceased, Rosalie Bruce, deceased, and Joseph E. Bruce, deceased; Robert E. Bruce; and H. B. Cloud claim or may claim some interest in the funds deposited in the registry of the court for Tract No. 1 and Tract No. 2, and the Court being fully advised in the premises, IT IS HEREBY ORDERED that Friday, the 19th day of March, 1937, at 10:00 o'clock A. M. at the court room of the Court in the Federal Building at Great Falls, Montana, be and they are hereby fixed as the time and place for the defendants, above named, to appear and show cause, if any they have, why the said funds should not be disbursed as prayed for in petition of the defendant, S. C. Faaborg, and make and present any claims they have to the said funds or any part thereof. IT IS THE FURTHER ORDER OF THE COURT That, in the event the defendants, above named, fail to appear and show cause or make claim to the said funds or some part thereof on or before said date, the Court will proceed to receive evidence in support of the allegations in the petition of the defendant, S. C. Faaborg, and distribute said funds in accordance with law. IT IS THE FURTHER ORDER OF THE COURT That a copy of this order be served upon the defendants, Sheridan County, Montana, a body politic and corporate, Fred Bruce, Robert E. Bruce, Maxim Davis, Mary Jane Westfall (nee Davis), Louis William Joseph Davis, Julius Joseph Frederick Davis, Harry Davis, Robert Bruce, H. B. Cloud, The Security State Bank, a banking corporation of Medicine Lake, Montana, S. C. Faaborg, as Receiver of the Security State Bank, a banking corporation of Medicine Lake, Mone tana, and Edna M. Smith, at least e ten days prior to the said day of e hearing, by the Marshal for the District of Montana, or otherwise. DATED this, the 4th day of February, A. D., 1937. EVS N DRAV

10. March 4, 1937 Plentywood Herald Plentywood, MT
Article from Plentywood Herald, March 4, 1937

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# ORDER TO APPEAR AND SHOW CAUSE THE UNITED STATES OF AMERICA, IN THE UNITED STATES DISTRICT COURT, DISTRICT OF MONTANA, GREAT FALLS DIVISION. The United States of America, Plaintiff, vs. S. C. Faaborg, also known as Simon C. Faaborg; Antoinette O. Faaborg; The Heirs, Representatives and Assigns of Mary Bruce Davis, Deceased; The Heirs, Representatives and Assigns of Rosalie Bruce, deceased; The Heirs, Representatives and Assigns of Joseph E. Bruce, deceased; Robert E. Bruce and Fred Bruce, individually and as Heirs of Rosalie Bruce, deceased, and as Heirs of Joseph E. Bruce, deceased; Mary Jane Westfall (nee Davis), individually and as an Heir of Mary Bruce Davis, deceased, Rosalie Bruce, deceased, and Joseph E. Bruce, deceased; Maxim Davis, as Heir of Mary Rosalie Bruce Davis, deceased; Louis William Joseph Davis, Julius Joseph Frederick Davis and Harry Davis, individually and as Heirs of Mary Rosalie Bruce Davis, deceased, Rosalie Bruce, deceased, and Joseph E. Bruce, deceased; Robert Bruce; H. B. Cloud; Sheridan County, Montana, a body politic and corporate; Edna M. Smith; Security State Bank, a corporation of Medicine Lake, Montana; S. C. Faaborg, as Receiver of the Security State Bank, a corporation; And all persons unknown, claiming any interest in the lands herein described, or any part thereof, Defendants. At Law No. 1304. The petition of the defendant, S. C. Faaborg, in the above-entitled cause, alleging and setting forth that he, together with Sheridan County, Montana, are the owners of and entitled to the payment of the following sums deposited into the registry of this court in pursuance of the Judgment in Condemnation: For Tract No. 1, the sum of $1,192.10 For Tract No. 2, the sum of $1,472.80, Condemning and vesting title in the