Miners State Bank - Sand Coulee, MT

Bank Information

Episode Type: Suspension → Closure
Bank Type: state
Start Date: October 7, 1922
Location: Sand Coulee, Montana (47.399, -111.168)

Metadata

Model: gpt-5-mini
Short Digest: c0bf4958

Response Measures

None

Description

The Miners State Bank of Sand Coulee suspended operations Oct 7, 1922 and was placed in receivership (H. G. Lescher). Later court actions (1926-1927) relate to the receivership, final report and discharge of the receiver. There is no mention of a depositor run or reopening; the bank remained in receivership and was not resumed.

Events (3)

1. October 7, 1922 Receivership

Newspaper Excerpt: H. G Lescher, as receiver of the Miners' State bank of Sand Coulee ... action to enforce payment ... was commenced ... by H. G Lescher, as receiver of the Miners' State bank of Sand Coulee (1926 article).The receivership ... has been terminated ... granted H. G. Lescher his discharge as receiver. (1927 article).The final report of the receivership Miners State bank of Sand Coulee petition for discharge of receiver ... filed in district court (1927-05-29).Receiver Discharged ... suspended operations October 7, 1922 (1927-07-22).This receivership (multiple references).
Source: newspapers

2. October 7, 1922 Suspension

Cause: Government Action
Cause Details: Bank suspended operations on Oct. 7, 1922 and was placed in receivership (court-appointed receiver H. G. Lescher).
Newspaper Excerpt: Receivership of the Miners State bank of Sand Coulee, in Cascade county, which suspended operations October 7, 1922, has been terminated
Source: newspapers

3. July 22, 1927 Other

Newspaper Excerpt: Receiver Discharged Receivership of the Miners State bank of Sand Coulee ... has been terminated in district court by Judge H. H. Ewing, who granted H. G. Lescher his discharge as receiver.
Source: newspapers

Newspaper Articles (4)

1. October 12, 1926 Great Falls Tribune Great Falls, MT

Article from Great Falls Tribune, October 12, 1926

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Article Text

Bank Receiver Sues Joseph Karaffa to Collect $500 Note Action to enforce payment of promissory note by foreclosure was commenced district court Monday by H. G Lescher, as receiver of the Miners' State bank of Sand Coulee against Joseph Karaffa. The defendant, it is alleged, on April 15. 1920, ecuted $500 promissory note in favor of the bank and failed to pay any part of the indebtedness except approximately $80 As security for the loan a mortgage was executed on land in section 13, township 19, north of range 4 east. The court is requested to grant the plaintiff judgment for the $418.94 balance on the promissory note, interest and attorney's fees.

2. May 29, 1927 Great Falls Tribune Great Falls, MT

Article from Great Falls Tribune, May 29, 1927

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Article Text

LESCHER ASKS BANK RECEIVER Makes Final Report on Affairs of Sand Coulee Concern: Hearing June 10 final report of the receivership Miners State bank of Sand Coulee petition for discharge receiver Saturday filed in district court H. Lescher. the institution. hearing show cause why the should not discharged for June 10 $825 Judge H. Ewing. The receiver. according to the petition, has nection with the Sand Coulee bank official the that An order thorizing the receiver to transfer records books clerk of the district court the court The final report of Mr. Lescher make the bank has paid dividends of creditors, cent. on general claims. Liabilities excel- the bank listed individual posits. drafts afloat. cashier's checks $174.63: time certificates. condi- $15,624.47 and owner $97,312.97 Receipts receiver since 1927. and includes the received from the the assets of the bank.

3. June 4, 1927 Great Falls Tribune Great Falls, MT

Article from Great Falls Tribune, June 4, 1927

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Article Text

COURT ACCEPTS FINAL ACCOUNT OF SPRINGHORN American Bank Receiver Will Be Officially Discharged by Judge Meigs Today The receivership of the American Bank and Trust company, which suspended operations in December, 1921. was in effect terminated Friday. when the final account of A. W. Springhorn. receiver. was approved by District Judge W. H. Meigs. All documents pertaining to the receivership were placed charge of the clerk of the district court and Mr. Springhorn will probably receive his discharge as re. ceiver today. All acts of the receiver were ap proved in an order filed by Judge Meigs and Mr. Springhorn was instructed to destroy uncalled for statements. cancelled checks. ledger sheets. transfer cases of bank correspondence and loose records. All other documents or books were ordered delivered to the clerk of the district court. who will preserve them for three years. after which they will be destroyed. Items listed under the subdivisions of Bole State bank and Cascade bank were ordered retained by the Mr. Springhorn was instructed to surrender to the clerk all certificates of claims collected from depositors after payment of the final dividend. and all dividend checks not called for. These checks will be retained by the clerk for six months and if not called for during that period will be cancelled and turned over to the county treasurer. The instructions of the court as to the delivery of checks and documents were carried out by Mr. Springhorn Friday afternoon and a formal applica tion for discharge has been requested. Dividends totalling 37½ per cent on general claims were paid by the bank during the receivership and were as follows: Dividend of 10 per cent. 032.22. authorized to date by Judge J. B. Leslie on Oct. 31, 1923: 10 per cent dividend. $122,284.95. authorized by Judge Leslie on Dec. 19, 1924: 8 per cent dividend. $88,458.22 on Jan. 1926: 5 per cent dividend $55,443.63. author ized by S. J. Cowley former district judge, on Dec. 2. 1926. and 4½ per cent. $49,794.09 authorized by Judge H. H. Ewing in May. 1927. The termination of the receivership of the American bank will be followed this month by the ending of the receiverships of the West Side State bank and the Miners State bank of Sand Coulee.

4. July 22, 1927 The Bozeman Courier Bozeman, MT

Article from The Bozeman Courier, July 22, 1927

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Article Text

Receiver Discharged Receivership of the Miners State bank of Sand Coulee, in Cascade county, which suspended operations October 7, 1922, has been terminated in district court by Judge H. H. Ewing, who granted H. G. Lescher his discharge as receiver.