First National Bank - Rudyard, MT

Bank Information

Episode Type: Suspension → Closure
Bank Type: national
Bank ID: 11203
Charter Number: 11203
Start Date: April 16, 1926
Location: Rudyard, Montana (48.560, -110.554)

Metadata

Model: gpt-5-mini
Short Digest: 45e93718

Response Measures

None

Receivership Details

Depositor recovery rate: 13.0%
Date receivership started: 1924-10-04
Date receivership terminated: 1926-06-30
OCC cause of failure: Economic conditions
Share of assets assessed as good: 23.2%
Share of assets assessed as doubtful: 56.1%
Share of assets assessed as worthless: 20.7%

Description

Newspaper notices (Apr 16, 1926) advertise public sale of the remaining assets and name Frank Browne as Receiver of First Nat'l Bank of Rudyard, Mont., indicating the bank was placed in receivership and assets being liquidated. No article mentions a depositor run; therefore this is a suspension/closure with receivership (government-appointed).

Events (4)

1. July 7, 1918 Chartered

Source: historical_nic

2. October 4, 1924 Receivership

Source: historical_nic

3. April 16, 1926 Receivership

Newspaper Excerpt: Frank Browne, Receiver First Nat'l Bank of Rudyard, Mont. ... Said sale to be for cash and subject to the approval of the Comptroller of the Currency.
Source: newspapers

4. April 16, 1926 Suspension

Cause: Government Action
Cause Details: Bank placed in receivership; receiver (Frank Browne) selling remaining assets subject to approval of the Comptroller of the Currency.
Newspaper Excerpt: PUBLIC SALE of remaining assets First National Bank of Rudyard, Mont.... Frank Browne, Receiver First Nat'l Bank of Rudyard, Mont.
Source: newspapers

Newspaper Articles (3)

1. April 16, 1926 The Havre Daily News Havre, MT

Article from The Havre Daily News, April 16, 1926

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Article Text

PUBLIC SALE of remaining assets First National Bank of Rudyard, Mont. To be held at Havre National Bank Building Havre. Montana at 2 o'clock p. m. on Friday, April 30, 1926. Said sale to 08 for cash and subject to the approval of the Comptroller of the Currency. Note of Alfred Een 368.82 Note of Joe Frank 25.00 Note of Clara Howendobler 61.40 Note of Anton Mangold 913.35 Note of Andrew Oscarson 400.00 Note of Elmer Ruck 413.65 Note of Emma Schwartz 255.24 Note of Emma Schwartz 47.45 Note of Mike Warhank 40.98 Note of Louis A. Campbell 1500.00 Note of Chas Culkey 50.00 Note of Fred Ekern 265.90 Note of Peter O. Kiel 540.00 Note of Rudyard Auto 1545.00 Sentinal Check Writer Small Oak Filing Cabinet Check of Austin Qualie 36.00 Quit Claim Deed to S 1-2, Sec. 14 Twp 37, R. 18 E. Quit Claim Deed to Lot 7. E 1-2 of SW 1-4 1-2 of SE 1-4, E 1-2 of SE 1-4 Sec. 6. Twp. 35, R 22. SW 1-4 of NE 1-4, SE 1-4 of NW 1-4, Lot Sec 6, Twp. 35, R 22 E in Blaine County, Montana Receivers Certificate, Havre Nat. Bank 2380.10 Frank Browne, Receiver First Nat'l Bank of Rudyard, Mont. 4-16-21-25-29 060325 NOTICE FOR PUBLICATION Department Interior Land Great Falls Montana, March Notice given that George Havre, Mon No. 046414 Lot Sec. and Section Town ship Mon tana Mericies has filed Notice Intention make Three yea Proof, stablish claim land abov. described before MacKenzie Clerk of Court Havr Mont. on day 1926 following witnesses Carl Guy Nelson Andrew John all of Havre W. E. BENNETT. Register an. 23. 30 days) DEPARTMENT OF THE INTERIOR United States Office Great Falls, Montana Serial No 065816 "N" ORD NOTICE FOR OFFER OF COAL LEASE: Notice is that pur suant to the act of February 25 1920 (41 Stat., 437) and the regula tions thereunder aproved April 1920 (circular 679). the Secretary Interior No. coal leasing unit No 38. Montana the following described land T. 33N. A lease of said unit will be made

2. May 17, 1928 The Havre Daily News Havre, MT

Article from The Havre Daily News, May 17, 1928

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Article Text

southwest today were checking up on losses from wind, rain and hail storms which struck in the Texas panhandle and Oklahoma and northest texas and Arkansas yesterday. TWO KILLED Tulsa, Okla, May 17 (AP) Two men were dead today and numerous oil derricks in the Drumright Cushing oil field were down as the result of a heavy wind and rain storm that swept the field last night and early today. APPLICATIONS DENIED Washington, May (AP) Applications of executive officers of the New York Central, Baltimore & Ohio and Nickel Plate railroads to become directors of the Wheeling & Lake Erie railroads were denied today by the interstate commerce commission. NOTICE TO CREDITORS Estate of Simon Nelson. deceased. Notice Is Hereby Given by the undersigned, executrix of the estate of Simon deceased, to the creditors and all persons having claims against the deceased, to AXhibit them with the necessary vouchers within four months after the first publication of this notice, to the said executrix at the office of Max P. Kuhr, Havre. Montana, which is hereby designated as place for the transaction of all business estate, in the County of Hill Dated May 5th. 1928. Hannah Nelson Spangelo, Same person as Mrs. M. Spangelo, executrix of the estate of Simon Nelson, ceased May 6-13-20-27 and all other persons, unknown, claiming, whe might claim, any right, title, estate or interest or lien or incumbrance upon the real described in the complaint, or any thereof, ad verse to the paintiff's ownership any cloud upon plaintiff's titl thereto, whether such claim 01 possible claim 1 present or con tingent, including any claim 01 possible claim of dower, inchoat accrued, Defendants. The State of Montana to Jessie M Paul: Van Sant Company a corpor ation; Farmers State Bank of Rud yard, corporation, and C. S. Bradford as Receiver of Farmers State Bank Rudyard, corporation: Arnold M. Parish; Frank Browne as Receiver First National Bank of Rudyard, Montana, corporation St. Paul Trust and Savings Bank, and T. H. Richardson and to all other persons unknown claiming or who might claim, any right, title, estate or interest in lien or incumbrance upon the rea property described in the thereof, adverse to the plaintiff's ownerership. or any cloud upon plaintiff's title thereto whether such possible claim be present or contingent cluding claim or of dower, inchoate or occrued You are hereby to an swer the Complaint in this action which is filed the office of Clerk of this Court, copy of which is herewith served upon you and to file your answerand to serve copy thereof upon the plaintiff's attorney after the service of this summons exclusive the day of service, and in case your failure to appear or answer judgement be taken against you by default for the relief demanded in complaint This Involves the title the following deseribed lands, to The South half (S½) of Section Three in Township Thirty. (35) North Range Eight (8) East of the Montana Meridian. The nature of the relief sought by the plaintiff is follows obtain decree of this Court quietIng plaintiff's title to the said above described real estate, and ad judging that the sole, legal and equitable all the said rea estate. and that none of the de fendants have any estate, right title or interest or lien whatsoever in, upon any part of scribed real estate: and that each of the defenddants be forever enjoined and debarred from asserting any claim whatsoever in or to the said real estate, adverse to the plaintiff. Witness My hand and the Seal of said Court. this 27th day of April

3. May 17, 1928 The Havre Daily News Havre, MT

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Article Text

ALIAS SUMMONS In the District Court of the Eighteenth Judicial District of the State of Montana, In and the County Hill The County Hill, State of Mon tana, Plaintiff Vs. Jessie M. Paul: Van Sant Company corporation Farmers State Bank Rudyard corporation. and S. Bradford as Receiver of Farmers State Bank of Rudyard, corporation; Arnold M. Parish; Frank Browne Receiver First National Bank of Rudyard Montana corporation: St. Paul Trust and Savings Bank, corporation: and T. H. Richardson