11519. Roundup National Bank (Roundup, MT)

View Charter #10675 on SPMC

Bank Information

Episode Type
Suspension → Closure
Bank Type
national
Bank ID
10675
Charter Number
10675
Start Date
December 6, 1924
Location
Roundup, Montana (46.445, -108.542)

Metadata

Model
gpt-5-mini
Short Digest
eb799360

Response Measures

None

Receivership Details

Depositor recovery rate
6.0%
Date receivership started
1923-09-06
Date receivership terminated
1928-10-25
OCC cause of failure
Losses
Share of assets assessed as good
13.8%
Share of assets assessed as doubtful
7.7%
Share of assets assessed as worthless
78.4%

Description

Articles consistently describe the Roundup National as 'defunct' and in receivership from at least Dec 1924 onward, with receivers selling assets and successive receivers appointed through 1928. No bank run is described. The bank was closed and placed in receivership (government-appointed), and remained closed; thus suspension_closure applies.

Events (4)
1. January 2, 1915 Chartered
Source
historical_nic
2. September 6, 1923 Receivership
Source
historical_nic
3. December 6, 1924 Receivership
Newspaper Excerpt
TRYING TO CLOSE RECEIVERSHIP OF ROUNDUP NATIONAL ... Petitions by depositors requesting that the receiverships of the two banks be combined were sent to the comptroller ... Receiver C. W. Greening ... to sell the bank building and fixtures at public auction on December 19.
Source
newspapers
4. December 6, 1924 Suspension
Cause
Government Action
Cause Details
Bank was closed and placed in receivership; assets described as practically nothing and negotiable papers re-discounted prior to closing.
Newspaper Excerpt
the defunct Roundup National ... receiverships of the First National and Roundup National are to be combined. It has been a matter of common knowledge for some time that the assets of the Roundup National are practically nothing
Source
newspapers

Newspaper Articles (8)
1. December 12, 1924 The Producers News Plentywood, MT
Article from The Producers News, December 12, 1924

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TRYING TO CLOSE RECEIVERSHIP OF ROUNDUP NATIONAL Depositor Petition To Have Defunct Bank Consolidate Receivers.-Petions Are Sent To Walsh, But Are Ignored By That Gentleman. BANKS ARE RIFLED BEFORE THEY CLOSED Roundup, Dec. 6.-What is regarded as the first definite step toward the closing up of the receivership of the defunct First National Bank of RcJundup has been taken in the PROFESSIONAL form of a court order, isued by Judge George A. Horkan, authorizing Receiver C. W. Greening to sell the bank building and fixtures at IRECTORY public auction on December 19. D It is understood that more than one bidder is expected to be present and that $18,000 is the minimum figure which will bₑ considered. The building is now occupied by the Min. ers and Merchants bank under a lease which will expire in November, 1925, S. E. Paul and it is certain that the Miners and Merchants will be one of the bidders at the sale MAY COMBINE Attorney-At-Law RECEIVERSHIP There is a rumor which bears some Practice In All Courts appearance of authenticity that the receiverships of the First National United States and Roundup National are to be comCommissioner bined. It has been a matter of common knowledge for some time that Plentywood, Mont. the assets of the Roundup National are practically nothing, all negotiable papers having been redisccunted before the bank closed, and it is not generally believed that sufficient colCAFE POOL HALL lections are being made to pay the salary of the receiver. BARBER SHOP Petitions by depositors requesting that the receiverships of the two H. A. Burnham Barber banks be combined were sent to the comptroller many months ago and JONESJ& OLSON, Prop their receipts were acknowledged by Comertown, Mont. Senator T. J. Walsh, who presented them, but no action was taken and no recognition given the plea of the depositors.

2. June 11, 1925 Roundup Record-Tribune Roundup, MT
Article from Roundup Record-Tribune, June 11, 1925

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LEGALS. SHERIFF'S SALE. John Loewen, plaintiff, Hjalmar Clara Johnson, his wife, MusFarm Loan company, corporation, County, Montana, The Round up National Bank, national banking corporation, and W Greening, as ceiver of said The Roundup National sold at sale on Saturday. the 27th day June, door the court house the city of Roundup. Mus. state of Montana, to the highest and best bidder for cash in hand. the fol lowing and premises, lying and being in Musselshell of Montana, and bounded and described as follows, to-wit: The northeast quarter (NE) of section twenty (28), in township eight north twenty (24) east the Montana principal Dated, Roundup, Montana, this 3rd day of June, A. D. Sheriff. SAM N. YOUNG. Under Sheriff. Roundup, Montana attorney for plaintiff.

3. July 10, 1925 The Roundup Record Roundup, MT
Article from The Roundup Record, July 10, 1925

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M'CULLOUGH McCullough was Wednesday appointed joint receiver the First National and Roundup National bank, to take the place of Greening. who tendered resignation several days Mr. McCullough has been representing the Federal Rebank here for the past years and is well and orably known. He took charge his new duties once. Mr. Greening has accepted position as cashier of near Tacoma, and expects leave about

4. July 17, 1925 Hardin Herald Hardin, MT
Article from Hardin Herald, July 17, 1925

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C. W. GREENING GOES TO TACOMA TO RUN A BANK Word comes from Roundup that C. W. Greening, former state senator from Big Horn county and for the past couple of years receiver of the two defunct Roundup banks-t h 8 First National bank and the Roundup National n will go to Tacoma, Washington, to take the management of a new bank which is being organized in that city. With his family, Senator Greening expects to leave Roundup for Tacoma about July 25.

5. December 2, 1926 Roundup Record-Tribune Roundup, MT
Article from Roundup Record-Tribune, December 2, 1926

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and all persons having claims against, the said deceased. exhibit them, with the o'clock the 24th day of December, 1926, at 2:00 the front necessary vouchers, within four months af court house the city of Roundup, door of coun- the ter the the said first publication of this notice, of Musselshell, state of Montana. to corner Room 312 of Fratt administrator. North Building at on his the northeast office bighest and best bidder for cash in hand. the following described lands and 29th street Third Avenue, BiHngs, Yellowstone and county, North premises situate, lying and being in Musselshell county. state of Montana, and Montana, the same being the place for bounded and described as follows, estate the transaction of the of the-said north the southeast quarter (N%SE%) and the northeast quarter Clark, Administrator deceased. of the estate OEHLER. of D. (NEV) of section twenty (20) in township B. ten (10) north of range twenty-six (26) of Montana principal meridian, conministrator Lou W. Chapple, attorney for the adtaining to 240 acres, more or less, according the government survey thereof First publication. November 18, 1926. of Dated November. Roundup, A. Montana 1926. this 29th day NOTICE OF PUBLICATION OF TIME NORRIS, Sheriff APPOINTED FOR PROVING In the District Court ETC of the Fifteenth First publication Dec. 2, 1926. NOTICE OF CALL FOR BIDS Notice is hereby given that the board of county of ty, Montana. in regular session to be coun- held their rooms the court house on December 1926, at will and let bids for coal furnished open county buildings and county poor for the year beginning January 1927 and ending December 31. 1927 All bids to be subject county commissioners. to the approval of the board of K. Attest: Norman M. Moody Clerk Chairman. Dated 1926. at Roundup, Montana, November 4, First publication November 11, 1926. NOTICE OF CALL FOR BIDS county Notice commissioners is hereby given that the board of of ty, their Montana, in regular session Musselshell to be coun- held the December 1926. at court house open on and let bids for county printing for year beginning January 1927 and Ing December 31, 1927 All bids to end subject county to the approved of the board of Attest Norman M. First publication November 11, 1926. SHERIFF'S SALE Joy Secor. plaintiff. VR. Alexander Sos Nichalina Sos, and Musselshell Valley fendants. Farm Loan Company. a corporation, desold at sheriff's sale on Friday, the 24th day of December. 1926, at 2:00 o'clock m., at the front door of the court house in the city of Roundup counof state of Montana, the highest and best bidder for cash in hand. the following described lands and premises situate, lying and being in Musselshell county, state of Montana, and bounded and described as follows, Lots one and two and 2) and the east half of the northwest quarter of section thirty (30), in township nine (9) north of range four (24) east of Montana principal meridian containing 158.20 acres, more or less. of cording to the government survey there- Dated Roundup. Montana. this 29th day of November, A. NORRIS. Sheriff First publication Dec. 2, 1926. SHERIFF'S SALE Joy Secor, plaintiff, VS. William H. Neuman and Elsie Neuman, Musselshell Valley Farm Loan Company corporation, and Burton Cole, receiver of the Roundup National Bank. corporation. To be sold at sheriff's sale on Friday, the 24th day of December, 1926, at 2:00 o'clock p. m., at the front door of the court house in the city of Roundup, county of Musselshell, state of Montana. highest and best bidder for cash in to described Jands and premises situate lying and being in Musselshe!l county. state of Montana, and bounded and described as follows. to-wit: The northeast quarter (NE%) of section range ten (10) nine (9) north of principal meridian. (26) containg east of 160 Montana acres more or thereof. less, according to the government of Dated. November. Roundup. A. Montana, 1926. this 29th day torney C. E. for Carlson plaintiff Bozeman, NORRIS. Montana. Sheriff atFirst publication Dec. 2, 1926.

6. December 9, 1927 The Bozeman Courier Bozeman, MT
Article from The Bozeman Courier, December 9, 1927

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STATE BRIEFS Geyser-Miss Luella King, state rural school inspector, and Miss Maybird Beaman, county superintendent, met with rural teachers at Geyser. Simms-The I. O. U. W. lodge has purchased Ryan's hall and are remodeling and refurnishing it for lodge rooms and dancing. Stanford-The first issue of the "Judith Basin Echo," a semimonthly publication of Stanford high school, is off the press. John Mican won the prize for the most appropriate name. Roundup-Miss Hazel Eccies, efficiency clerk of the Commercial Service association, has been appointed to a civil service position with the internal revenue department, Washington. Fairview-R. M. Alexander, cashier, Fairview State Bank, who has been seriously ill for the last month following an operation for appendicitis at Sidney has been taken to a hospital at Minot. Anaconda-Robert Keffer, 38, chief chemist at the Anaconda reduction works, passed away at the Mercy hospital in San Diego, Calif., where he had gone early in November for the benefit of his health. Helena-Miss May Trumper, state superintendent of public instruction, who sustained a broken ankle when she slipped on the steps of the Northern Pacific depot in Glendive, has returned to Helena. Moccasin-The Latin club entertained the high school with a party at community hall. It represented the last day of school in 1904 and all were dressed accordingly. Burmah Ashcroft and Dan McRae won prizes. Martinsdale-A motor from the General Electric company has superseded the old Ford, which has supplied the town, with little inconvenience to light users. The new plant has a capacaty far beyond the present needs, according to Delbert Carmichael, manager. Helena-I. M. Brandjord, commissioner, state lands and investments, who, in company with L. E. Chouquette, state land agent, recently completed a series of state land sales in Montana, went to Ronan for a few days to attend to state and personal business. Eureka-The Farmers' and Merchants' State bank which closed its doors here two years ago, is paying a 10 per cent dividend. This is the third dividend that the receiver, O. F. Wolf, has paid since taking charge of the bank, making 50 per cent to date. Wolf Point-The Great Northern office railway building, used by Roosevelt county for the last 3 years for county offices has been again leased by the cound ty commissioners for two years, with the privilege of five. The interior will be repainted and varnished. e Helena-Russell D. Miller, secretary of e the state board of equalization, recently 1 went to Butte on work in connection e with inheritance tax. Mr. Miller recentc, ly completed matters relative to the W t A. Clark estate, which was divided by the district court of Silver Bow county. s Roundup-F. J. McCullough has reS. signed as receiver of the First National t and Roundup National banks and will t leave soon for Minneapolis and Brisbane r N.D., to attend to business. He is presie dent of the First State bank, Brisbane Arthur Evenson, assistant receiver a k Harlowton and Moore banks, succeeds e Mr. McCullough. e Hamilton-Daniel S. Driggs, for many years a resident of Darby, was found dead W at his cabin on the west side of that town. Driggs was nearing his 80th year n and had been in ill health for many years. He was the father of nine chil e dren, six of whom are now living. Hi wife, from whom he was estranged, i

7. December 15, 1927 The Argus-Farmer Lewistown, MT
Article from The Argus-Farmer, December 15, 1927

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News of Our Neighbors X-SERVICE MAN IN TROUBLE coundup Record: Efforts by the ernment to deport Stanley Fleishformer ex-service man of Roundwill be risisted by the local post he American Legion, according to tatement made yesterday by Post amander E. G. Vedova. Fleisher is erstood to have gotten into some on the Pacific coast, W here went from here several years ago, 18 now held at Gill Island pendhis trial which has been set for 10. As he is not a citizen, never ing been formally naturalized, it said the government immigration cials will attempt to have him de- ted. eportation of Fleisher will be reed by the Legion on the ground his service in the army during World war places hi min the same World war places him in the same he may never have been naturalAliens who served in the United tes army during the war are admitto full citizenship without going bugh the regular naturalization proure by virtue of an act of con- fleisher. who is a native of Austraenlisted in the army soon after United States entered the war and ved throughout the war with an exlent record. Upon his return here being discharged he was married. understood that domestic trouble up the home. Data that may be of use in resistthe deportation of Fleisher is now ng prepared by C. F. Maris, adjuof the local post of the American gion. Acquaintances of Fleisher may be in possession of facts that tht help him are requested to comnicate with Mr. Maris at once. RFEITS SEAT IN CITY COUNCIL Roundup Record: John T. Evans been named as alderman from the rth ward to take the place of Alman J. V. Weir, who recently rered from the fourth ward thus forting his right to a seat in the city incil. The selection of Mr. Evans made at the meeting of the counhis name being placed in nominaby Alderman James Copeland III the same ward and election beunanimous. Mr. Evans will serve the unexpired term of the retiring On motion of Alderman Arthur Mills seat of Alderman George Gregory m the second ward was declared cant. Mr. Gregory has been away in Roundup since last spring and understood that he expects to be sent for a long time, perhaps permently. A successor to Mr. Gregis to be elected at the next meetof the council. accordance with the recent sueme court ruling in the Bozeman nor nuisance case, the council voted amend the local ordinance so as to minate the jail sentences, which the art ruled could not be applied by city. Violations of th eordinance now be punishable only with a Monthly report submitted by Police dge O. R. McVay showed a total 12 complaints issued during the onth of November with a total of 3 collected in fines. The Liberty theater would be a credit to a town many times the size of Judith Gap, and the large and consistent patronage that it receives from the people of this section is an evidence of the excellent manner in which it has been conducted, and of the high class line of entertainment it offers. BANK RECEIVER TAKES ON NEW DUTIES Roundup Record: Arthur E. Evanson. newly appointed receiver of the First National and Roundup National banks in place of F. J. McCullough, resigned, arrived from Harlowton. to assume his new duties. Mr. Evenson, who is also assistant receiver of banks at Harlowton and Moore, will move to Roundup and has already taken a lease on a residence. He was formerly assistant cashier of the Roundup Na. tional Bank. CARBIDE EXPLOSION Judith Gap Journal: Virgil Abney sustained severe burns to his face and hands, and Don Grove suffered minor burns to his hand when some carbide exploded at the Grove ranch, four miles northeast of town. The lighting plant of the ranch went out of commission and the two men, carry ing a lantern, went to the carbide pit in an attempt to repair the plant. Upon taking the lid off of the pit, gas blew out, catching the lantern afire. causing the explosion. Dr. E. M. Gans was called. and attended the injuries of the two men.

8. May 25, 1928 The Roundup Record Roundup, MT
Article from The Roundup Record, May 25, 1928

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JURY STILL OF KRAJECIC ROUNDUP WITH ATTEMPTED DYNAMITING OF OLD ROUNDUP R. BRIDGE. At this morning the jury the case of State of Montana entine Krajecic, charged with placing explosives railroad track. had not yet reported after having been out since four o'clock yesterday afternoon. Trial of Krajecic was taken up Tuesday district court with Judge G. Jeffries occupying the Testimony was introduced by Coun. Attorney McNaught that Mr. Krajecic was seen going toward his home in Farreltown about five o'clock on the morning of October 27th, ter an explosion which occurred the bridge of the across the Musselshell river, on the spur. explosion broke out several pieces of one of the rails and broke up some ties, and from all indications had been caused by dynamite. The pieces of the rail were introduced evidence. Several witnesses testified to seeing defendant Krajecic ing toward his home short time explosion was heard. Sheriff Popovich testified to making investigation, and that the defendant had made to his office short time before the explosion which the defendant complained him that he had not received justice and could not get any more and that if anything should happen that would not be his fault that warning the sheriff to that effect. The sheriff testified that upon his investigation found that the fendant left for Butte and therefore went to Butte after the fendant whom he met the Milwankee depot at Butte. The defendant asked Mr. Popovich what he there for, If he was after him, accord ing to Mr. Popovich. Mr. Popovich asked him what made him think that he after to which fendant replied. "On account of that bridge." The defendant was then brought to Roundup and placed der arrest. The defendant was the stand and testified that he going home the morning of the and that was crossing the bridge saw two men there and that they had box lying there, and also there over the county road; that came along there on each corner of the and bridge, that they the After gone by the bridge distance about 200 feet he heard the explosion but didn't know what it was for, and continued his way home where he changed his clothes and then returned Roundup where he staythat day and then went to Butte, looking for work. After the defendant put under arrest, he had dynamite, and stated the officials they might to his place to search for any dynamite and he gave them mission to do so, and upon search of the defendant's premises Farreltown, fourteen sticks of forty Most of remaining assets of the Roundup National Bank are being offered for sale for cash to the highest bidder Thursday, May 31, the office of the receiver in the basement of the Miners and Merchants Bank. This will practically close the receiver ship of the Roundup National Receiver E. son states that there be but one dividend payable and that the checks will be ready distribution soon as possible the sale.