Farmers & Merchants State Bank

Bank Information

Episode Type: Suspension → Closure
Bank Type: state
Start Date: April 10, 1926
Location: Ryegate, Montana (46.297, -109.259)

Metadata

Model: gpt-5-mini
Short Digest: 04867543

Response Measures

None

Description

Articles (April–May 1926) report the Farmers & Merchants State Bank of Ryegate is in receivership and the receiver was authorized to sell remaining assets at public auction (sales set for May 6, 1926). No mention of a depositor run in the provided texts; bank is in liquidation under a receiver, constituting a suspension leading to closure.

Events (2)

1. April 10, 1926 Receivership

Newspaper Excerpt: Receiver Asks Court To Authorize Sales Of Assets of Banks ... Sam Wilkinson of the Farmers Merchants State bank of Ryegate ... will be asked to show cause why the remaining assets of the two banks should not be at public auction. ... claims, and equities estate owned by the bank, the receiver announces.
Source: newspapers

2. May 6, 1926 Other

Newspaper Excerpt: Mr. Wilkinson has announced that the sales will be held on Thursday, May 6. Notes aggregating about $84,000, equities in real estate, the bank building at Barber, and numerous bank fixtures will be sold at that time. The receivership will be closed soon after the sales.
Source: newspapers

Newspaper Articles (2)

1. April 10, 1926 The Billings Gazette Billings, MT

Article from The Billings Gazette, April 10, 1926

Click image to open full size in new tab

Article Text

Receiver Asks Court To Authorize Sales Of Assets of Banks ing will be held here, April 12, when Sam Wilkinson of the Farm- Regular Sunday Dinners ers Merchants State bank of Rye- Noon Luncheons gate and the Farmers State bank of Evening Dinners Barber, will be asked to show cause why the remaining assets of the two banks should not be at public auction. The hearing set on the petition of the receiver. Chocolate Croquettes, pound From the Farmers & Merchants State Opera Nut Chocolates, pound bank of Ryegate there would be sold notes totaling $78,490.65 together with Pure Sugar Taffy, pound claims, and equities Cream Nut Fudge, pound estate owned by the bank. the receiver announces. From the Farm-

2. April 23, 1926 The Producers News Plentywood, MT

Article from The Producers News, April 23, 1926

Click image to open full size in new tab

Article Text

AUTHORIZES RECEIVER TO SELL BANK ASSETS AT PUBLIC AUCTION of Ryegate.-In the absence any protests Judge G. J. Jeffries has signed orders granting Sam Wilkinson, receiver of the Farmers & Merchants State bank of Ryegate and the Farmers State bank of Barber, authority to sell at public auction all of the remaining assets of the two banks now in the process of liquidation. Mr. Wilkinson has announced that the sales will be held on Thursday, May 6. Notes aggregating about $84,000, equities in real estate, the bank building at Barber, and numerous bank fixtures will be sold at that time. The receivership will be closed soon after the sales. *