Yellowstone Valley Bank & Trust Company

Bank Information

Episode Type: Suspension → Closure
Bank Type: trust company
Start Date: December 1, 1925*
Location: Sidney, Montana (47.717, -104.156)

Metadata

Model: gpt-5-mini
Short Digest: 326dc8b4

Response Measures

None

Description

Contemporary articles refer to the Yellowstone Valley Bank & Trust Company as defunct and repeatedly name a receiver (C. L. Teisinger), indicating the bank failed and was placed in receivership. There is no description of a depositor run in the provided articles — the materials are legal actions and tax/receiver notices after failure. Thus this is a suspension that became a permanent closure (receivership). Dates of failure are not given explicitly; presence of receiver is documented in 1926 and receiver activity continues into 1927.

Events (3)

1. December 1, 1925* Suspension

Cause: Bank Specific Adverse Info
Cause Details: Bank is described as defunct and owing the War Finance Corporation a large sum; insolvency/claims against the bank led to its failure and suspension of operations (legal actions about claims and dividends).
Newspaper Excerpt: the defunct Yellowstone Valley Bank and Trust company
Source: newspapers

2. May 21, 1926 Other

Newspaper Excerpt: C. L. Teisingas (sic) of the Valley Bank and Trust Company of Sidney ... C. Teisinger as Receiver the Yellowstone Valley Bank and Trust Company of Sidney, corporation, Alfred McConnell ... NOTICE IS HEREBY GIVEN ... sheriff ... sell ... (legal actions naming the receiver).
Source: newspapers

3. October 14, 1927 Receivership

Newspaper Excerpt: C. L. Teisinger as Receiver of the Yellowstone Valley Bank and Trust Company corporation of Sidney Montana paid the said sum ... and the said Richland County, Montana then and there assigned all of its rights therein to the said purchaser ... Receiver of the Yellowstone Valley Bank and Trust Company of Sidney, (signed).
Source: newspapers

Newspaper Articles (4)

1. December 10, 1925 The Butte Miner Butte, MT

Article from The Butte Miner, December 10, 1925

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REVERSAL ORDERED IN ACTION AGAINST YELLOWSTONE BANK Claim of War Finance Corporation Must Be Reconsidered. HELENA, Dec. tion of the so-called bankruptcy rule to the settlement of the affairs of the defunct Yellowstone Valley Bank and Trust contpany is impracticable, says the Montana supreme court in an opinion this moring reversing the judg. ment of the district court for Yellow. stone county in the suit of the war finance corporation against the bank When the Yellowstone Valley Bank and Trust company of Sidney failed owed the War Finance corporation $125,558.83 Claims were presented the receiver but were not acted upon with other claims. dividend was paid the other claims. Later an order secured from the district court for Richland county acknowledging the claims of the War Finance corporation and directing the bank receiver to hold any further collections until the status corporation claims should be definitely settled. The precedure was confusing because hearings upon the claims the court and reached an an order from which appeal The appeal cited the action of the court in claims without passing upon refusing allow the claim for the amount due the time bank failed and in not allowing the corporation to participate in the first The supreme court advises judgment based upon the Montana probate practices act, under which the claims ant required deduct from the total of its claims any amounts collected the bank and before the claim filed. the dividends to be upon that the lected, upon its about 000 its before presented the claim for settlement Thus the which it may seek dividends Instruction was given the jury by the district court for county, that in the case of witness who and is shown to have wilfully and testified falsely as any material had the right to disregard all testimony though witness may also have falsely orated by they might regard his as though had falsified, the court sends back trial the suit Mary Vande Veegaete against Vande the defendant was not corroborated other witnesses phonse Vande Veegate (principal witness for the plaintiff) was corroborated in many particulars found either or both testified falsely to material the two-edged sword against the defendHaving failed, during the nearly arrest and before his trial, take any steps suppress the evidence against him, McDaniels lost the right to object to its intro. duction at trial, says the supreme court in reversing the district court for county in its dismisof the action of the state against McDaniels.

2. December 10, 1925 The Billings Gazette Billings, MT

Article from The Billings Gazette, December 10, 1925

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REVERSE BANK MAY CASE DECISION STOP WEEVILS Yellowstone County Decree Is Impracticable, Opinion. Helena, Dec. 9.-(P)-Application of the to the affairs the defunct Yellowstone Valley Bank Trust Sidney impracticable. says the Montana court in opinion Wednesday reversing the judgment the district court for Yellowstone county in the suit of the War Finance against the bank. When the Valley Bank Trust of Sidney failed. owed the War $125.553.83. Claims were presented to the receiver but were not acted upon with other claims. dividend was paid upon the claims. Later an order from district court for county acknowledging the claims the Finance and directing the hold any further collections until the the corporation claims should be definitely settled. Procedure Confusing. The procedure confusing because hearings had upon the claims, but and attorneys reached an order appeal was taken. The appeal cited errors the action of the court in allowany claims without passing upon in refusing to allow the claim for the amount due at the time the bank failed and in not allowing the corporaparticipate in the first dividend. The based upon the Montana probate act. which the claimant quired to deduct from the total claim any amounts collected after the failure the bank and before the claim filed. the dividends to be computed on that amount. In the Instant corporation its about 000 claim the claim for settlement, thus the upon which it may seek dividends is $99.- New Trial Is Ordered. Under the which the district court used in its ruling. the supreme court out the corporation to all its and apply the the claim before permitted receive dividend from the general assets. is not permitted under the law to sell the notes holds collateral, and the court explains, that rule be applied in this case, the corporation surrender the advantage gains through security its debt must dividend the until. one which it held when the bank failed. Because was given jury in the district court of county, that in the case witness who is uncorroborated and is shown to wilfully and intentionally testified falsely to one material they had the right disregard all his ness may falsely to material matter. if corroborated by other credible they might regard his testimony as though he had not falsified. the sends back for trial the suit of Mary Vande Veegaele against A. Vande State Wins Appeal. As the defendant corroborated by other witnesses and Alphonse Vande Veegaele. principal witness for plaintiff, was in many was found that either or both had testified falsely as to any matter, the instruction, said the court 'because two. edge sword against the plaintiff.' Having failed during the nearly his arrest and before his trial take any steps to suppress the evidence against him, M. McDaniels lost the right to object to its introduction the the supreme court in reversing the district court for Yellowstone in its dismissal the action of against Daniel and remands the case for new trial. Harlowton Man Works Out Idea for Ending Cotton Damage. Harlowton. Dec. 9.-(Special)-An invention by Harlowton which, it will the cotton industrial situation of the and remove the menace the boll from the future calculations of the southern planter, is now pending with all rights reserved. The loss from this pest last year estimated at millions dollars. Many preventatives, including sprinkling the cotton plant with poison from airplanes, has been resortin the attempt the ravages the weevil, but none proved Eliminat the insect, asserted, would double the production of cotton. W. Dysart, resident of this city for many years, first conceived the idea of electrocution as the basis upon which remedy could be worked out. Acting upon this idea. he has for several years been studying all phases the question and has machine which he believes will the within after it is put into active in the The principle is the use of 250-500 direct current generator, which distributes the charge over the rows of cotton, contact being provided by copper ribbon feelers. plant is touched no insect. weevil, grub, egg or germ can electrocution. The generator mounted truck which driven the with projecting reaching from the machine many as is desired. The cost inexpensive, the power provided by the generator, the expense for gas the motor being considerable item. For the protection of the driver, the conveyance is heavily insulated. Moisture facilitates its effectiveness and it probable that much of the be done at night on the Besides the original model. Mr. Dyhad machine built by the Electric company and the principle of the invention has been practical in two letters received by him from the electric wizard, Thomas Edison. He has had various offers by capitalists to finance the projection of the destroyer on the market.

3. May 21, 1926 Richland County Chief Sidney, MT

Article from Richland County Chief, May 21, 1926

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Richland County Chief By c. CLEMMENSEN Published Every Friday Subscription Price $2.00 Per Year Entered as matter May 14. 1913, at the postoffice at Sidney, Montana, under the act of March 3, 1879. IN THE DISTRICT COURT OF THE OF THE OF AND FOR THE COUNTY OF ROSEBUD In the matter of the estate of David H. Beecher, NOTICE OF SALE OF REAL PROPERTY Notice is hereby given that an order of the District Court of the Fifteenth District of the State of Montana, in and for the County the day May, 1926 in the entitled the the Administrator with Will Annexed of the Estate of David Deceased, will private sale to the highest and best bidder, upon hereinafter menand subject to the confirmation of Court, on Monday, the day of June, 1926, all the right, and interest of the Deceased, the time of his which was the entire to the hereinafter described, and all the right, title and interest that the said Estate has by operation of otherwise, addition that of in and to the following described lots, pacels of land to-wit: All of Section (27), in Township Ten (10) North, Range Thirty-nine (39) East of the Montana Principal Meridian, Rosebud County, Montana, containing 640 acres, more or less, according to the Survey Lot Six (6), of Block Seven (7), of the Town Savage, Montaccording to the Official Plat thereof on file and record in the the County Clerk and Recorder of Richland County, Montana. Terms and of sale: Cash, in lawful the States ten per of the purchase price be paid time of sale, balance confirmation sale by the Court; the purchaser to assume the payment all state and county taxes and all special, upon against said property for the year 1926. All bids or offers must be in writing and may be left at the offices of Campbell for the with the Will Annexed, or may be to said Administrator may be filed in the office of the Clerk this Court, any time before the date of said sale and of this Dated this 15th day May, 1926. Administrator with the Will the Estate of David H. Annexed Beecher, Campbell and Carolan, Attorneys for Administrator Forsyth, May 21-28 and June4. NOTICE OF SALE OF SCHOOL BONDS Notice hereby given that in suarnce certain duly adopted by the board of trustees School District No.7 of Richland County, at special meeting of said held the 10th day May, 1926, authorizing the issuance the coupon bonds describe, the trustees will, on the 21st day June, 1926, 2:00 M. of said day at High Building at in the Montana, sell to the highest and best bidder for cash (27) bonds, numbered from to 27 inclusive, coupon value dollars ($500.00) each, sum of thirteen thousand five dollars bearing at the rate not to six (6) per cent per annum, payable annually, said bonds being payable in twenty 20) years (5) and for the purpose of building new issued school provide school room in District No. bonds will not be sold for par the board the right reject and all bids, and to sell the bonds either public private All bids other by or on behalf of State Board of Land must be accomby certified the sum payable signed clerk, which will forfeited by the bidder the event he shall to purchase the said bonds. All shall addressed undersigned School District No. at Pathman, Chairman Oppegard Axel Persson Trustees School District No. 7. County Attest B. Patterson, Clerk. IN THE DISTRICT COURT OF THE DISTRICT OF THE STATE OF FOR THE ALIAS SUMMONS (For Publication) Louisa M. Braun, Plaintiff, W. Hardy, C. L. Teisingas of the Valley Bank and Trust Company of Sidney, Alfred McConnell, Julius Klettke, and Federal Reserve Bank, THE OF TO THE ABOVE DEFENDANTS, GREETING: You hereby to answer the complaint this action which filed the the of Court, is upon you, and to file your answer and copy thereof the plaintiff's attorneys within twenty days after the service exclusive of the day service; and of your appear or will taken against you default for the relief demanded the complaint. This action brought for the purpose of certain real estate mortgage by the named W. Hardy, to the Valley Bank and Trust Company Sidney, which said mortgage was duly filed for record in the the County Clerk and County, tana, on the hour 4:15 o'clock of said day and recorded in Book B-23 of mortgages, Page 248 thereof; that subsequent the delivery said real and prior of this for good and valuable due course business, the said Yellowstone Sidney Valley Bank and Company corporation, duly sold, tover and transferred said the above named plaintiff, and said endorsement and transfer the plaintiff has been and now the lawful and holder that the lands and mortgage, in said and by this suit situated in Richland County, State of Montana, and particularly described as follows, (SE%) of Sec(27) (23) of Fiftynine (59) East the Meridian, and containing 160 acres, more or less, according to the United States Survey thereof and for the further purpose of recovering from the mortgagor the sum of $4,000.00, with interest thereon at the rate of 10 per cent per annum from November D. 1922, attorney abstract of title fee, cost filing notice of lis costs of suit, all which more fully the plain tiff's file reference which is hereby made; and for the further obtaining decree of the entitled court foreclosing all of the claims and interests. the named defendents, C. Tefsinger, as Receiver the Yellowstone Valley Bank and Trust Company of Sidney, corporation, Alfred McConnell, Julius Klettke and FedBank, and them, the right or rights redemption of all of the named defendants in and said real property and for such other and further relief as the Court may the all more fully from the on file herein, to which is hereby made. Witness my hand and the seal of said Court this day of May, 1926 (Court Guy Rood, Clerk Erma H. Rood, Deputy Clerk. Hildebrand Warren, Attorneys for Plaintiff, Montana. First Pub. May June IN THE DISTRICT COURT THE DISTRICT THE STATE OF IN THE OF OF SHERIFF'S OF REAL PROPERTY The Federal Land Bank of Spokane, Plaintiff, James and Louise McGlynn, husband and wife; William and Elizabeth McGlynn, and wife; Yellowstone Mercantile Company corporation; Yellowstone Valley Bank and Trust Telsinger as the Yellowstone Valley and Trust Company, Gossett National Farm Loan Association, a corporation, Defendants. NOTICE IS HEREBY GIVEN, That the Sheriff Richland ty, Montana, May 15th, D. 1926, the hour of two o'clock said day sell at public auction to the highest and best bidder for cash, the court in the city of Sidney Richland the real situate in the County of Richland, Montana, to-wit: west half of the quarter, the quarter the northwest quarter, northwest the northeast quarter, the east half of the northeast quarter, the east half the southeast quarter section eighteen, township north, sixty of the Montana Principal Meridian; the of sale in the decree entered in the above entitled action in the above entitled court. Dated at Montana, this 19th day of April, D. O'BRIEN, Sheriff of Montana. W E. Payne, Deputy Sheriff. Hildebrand Warren, Attorneys for Plaintiff, Glendive, First Pub April May 14th. IN THE DISTRICT COURT THE DISTRICT THE STATE OF MONTANA, IN OF NOTICE OF SHERIFF'S SALE OF REAL PROPERTY John J. Jewell, Plaintiff, Bernhart Simonson, Anna Simonson, his wife; Bank of Galena, Illinois, corporation, and E. Fisher, Defendants NOTICE IS HEREBY GIVEN, That I. the undersigned Sheriff of Richland CounMontana, pursuant to the order in the entered in the entitled action in the above Saturday, the 15th of May, 1926, the hour of o'clock of said day, sell at public auction to the highest and for cash, in front of the court in the Sidney, Monthe described real properin the County of Richland, State of Lots One (1) two (2), three (3), four (4), and and and the south half the northeast quartsection numbered six township (20) north, range numbered sixty (60) east Principal Meridian, and containing according the United States Survey thereof. Dated at Sidney, Montana, this the 19th day of April, O'BRIEN, Sheriff Richland County, Montana W. E. Payne, Deputy Sheriff. Hildebrand Warren, Attorneys for Plaintiff, First Pub. April May 14th. NOTICE FOR PUBLICATION Interior, Land Office, at Billings, Montana, April 21, Notice is hereby given that Charles E. Collett, Sidney Montana, who, on May 22nd, 1922, made Hd. Entry under Feb. 1909, 024151, formerly 051935 E½ Section Township Range 59 Meridian has filed notice of intention to make final Proof establish claim the land above described before Sidney, Montana, the 1st day of June, 1926. Names Witnesses: H. Benton, John Gorsage, Mrs Magrady, and George Albert, all of Sidney, Montana H. B. DRUM First Pub. April Pub. May 28th. NOTICE FOR PUBLICATION Interior Land at Billings, Montana, April 21, 1926. Notice is hereby given that August A. Nilsson, Savage who, on Feb. 10. 1921, made Hd. Entry unSec. Feb. 1909, No. 018338, formerly 032699 Miles City, for NWNW%. SE%NW Section Township 19N., Range 58 Principal Meridian has filed notice intention make Proof. to establish claim the above described, before H. CLARK, Commissioner at Montana, on the 9th day of 1926. Claimant Names Itnesses Richard Brown, Frank C. H. Rudberg, and J. P. Larson, all of Savage, Montana. B. First Pub. May Pub. June 4th. IN THE DISTRICT COURT THE DISTRICT OF OF AND FOR THE OF RICHLAND SUMMONS Publication) Edward Tippet, Plaintiff, Fred E. Hoskin and Minnie S. Hoskin, his National Bank, Ga Illionis, corporation, THE STATE OF MONTAN THE A M ED GREETING: You are hereby summoned to answer the in this action filed the the clerk of this court, is herewith upon you, and file answer and serve copy thereof upon the plaintiff's attorneys within twenty days after the service this exclusive of the day of service: in of failure appear against you by default for the relief demanded the complaint. This action is brought for the purpose of foreclosing certain real estate mortgage made, and named Fred Hoskin and Minnie S. Hoskin, as the Yellowstone ley Bank and Trust Company of Sidney, corporation, as mortgagee, which said mortgage filed for the fifth day 1917, o'clock of said day, office the County Clerk and Richland County, Montana, and recorded Book B-32 Mortgages, on Page 342 thereof: and that thereafter good and valuable due business, the said Yellowstone Valley

4. October 14, 1927 The Sidney Herald Sidney, MT

Article from The Sidney Herald, October 14, 1927

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LEGAL NOTICES SUMMONS IN THE DISTRICT COURT OF THE SE DISTRICT O1 THE STATE OF MONTANA, IN AND THE RICHLAND CHARLOTTE MAE LARUE, Plaintiff versus Enid ana Dawe Glen Blakesile Dawe and Gertrude Dawe, his wife, Eva Mary Lavinia Dawe Lowry and G. Lowry. her husband. Axel executor the estate of Lossie deceased, also known LN L. Dawe, deceased. and to all other persons inknow claiming or who might cla m. any right. title. estate or described in the complaint to plaintiff's there whether such claim be contingent including claim or claim of dower, Inchoate or Defendants State of Montana, to Enid Mon Mary Lavinia Dawe Lowry and Lowry husband Axel executor of the Estate of Lossie deceased also known as L. deceased and to all other perclaiming or who might any right title estate or interest rance upon the described in the complaint, or hereof. to plaintiff's ownrship or any cloud upon plaintiff's title thereto whether such claim be present or contingent any claim or possible claim of dower, Inchoate or acGREETING: You herby summoned to answer aint this action which is filed in the offce of the Clerk of this copy of which Is herewith served upon you. and to file your answer and serve copy thereof upon the plaintiff's attorney within twenty days after the service of this summons. exclusvie of the day of service and in case of your failure to appear or answer. judg ment will be taken against you by default for the relief demanded in the complaint action Involves the title to the following described lands, to-wit: (1) block thirty-eight (38) the original townsite of Sid ney. Montana, according to the plat thereof file and of record in the office of the Clerk and Recorder of The nature of the relief sought by the plaintiff as follows To quiet title the premises and real estate above described and to determine If claim, estate, or Interest therein of said defendants or either of them ad verse to the plaintiff, and for decree of court quiet title to said premises In the plaintiff and adjudging that the defendants; nor either or any of them have no estate or interest In said lands and premises and that the defendants be thereafter enjoined from asserting any claim of this. in or to said land or premises adverse to the plaintiff. Witness hand and the seal of said 1927 court this 14th day of September A. D. (Court Seal) GUY L. ROOD Clerk of the District Court By Erma H. Rood Deputy Clerk. E. Collett Attorney for Plaintiff. Sideny, Montana. 28-6t NOTICE OF APPLICATION FOR TAX TO Albert B. Brown DEED Tripp. South Lake, Dakota, Wisconsin and Julius Klettke, of Green YOU ARE HEREBY NOTIFIED. That on the 2nd day of October, 1923, the lands hereinafter described were sold to Richland County, Montana by the County Treasurer Richland County, Montana for taxes levied and assessed against the said lands for the year 1922 and which were unpaid and deliquent; the said lands being in Richland County Montana; that the whole of said lands were sold for said taxes to Richland County Montana for the sum of $16.94 being the tax for irrigation on the said premises for the year 1922; together with the penalty and interest thereon and costs of sale that no redemption has been made from said tax sale and the taxes levied against the said lands for the years, 1923. 1924, 1925 and 1926 have not been paid. That on the 14th day of April, 1927. C. L. Teisinger as Receiver of the Yellowstone Valley Bank and Trust Company corporation of Sidney Montana paid the said sum so due on said above mentioned tax sales certificate and all subsequent taxes together with all penalties and interest accrued to the said County Treasurer of Richland County Montana and the said Richland County, Montana then and there assigned all of its rights therein to the said purchaser that the following statement shows the amounts paid, Principal 1922 amount of tax Penalty Etc. $15.40 1924 $15.40 $15.40 1926 $579.53 & real; $83.95 Totals $641.13 $115.32 $756.46. Total and Principal and interest paid That the undersigned is now the ownand holder of said tax sale certificate aforesaid and that the period of redemption from said tax certificate expired on the 2nd day of October 1926. that the undersigned will on the 25th day of October. 1927. apply to the County Treasurer of Richland County, Montana, for tax deed to issue to him upon such tax sales certificate unless the amount paid by him as aforesaid together with accrued Interest is paid to him on or before said last mentioned date of October. 25, 1927 that the amount due on said date $794.26 and said amount together with the costs service of notice is required lands to be naid to him to redeem the said from said tax sales The lands and premises so sold and covered described by said follows: tax sales certificate are as The Southwest Quarter (SW%) of Section Twenty (27) Township Twenty three (23) North of Range Fiftynine (53) East of the Montana Meridian of Dated September, Sidney 1927 Montana. this 21st day L Receiver of the Yellowstone Valley a Bank Corporation. Trust Company of Sidney, STATEMENT OF THE OWNERSHIP MAN AGE M ATION ETC. REQUIRED BY THE ACT OF CONGRESS OF AUGUST 24. 1912. Of The Sidney Herald published Week. ly at Sidney, for October 1927 STATE land, OF MONTANA. County of RichBefore me, a Notary Public in and for sonally appeared Harry G Ketcham. who. having been duly sworn according to law deposes and says that he the Editor and Owner of the Sidney Herald and that the following is, to the best of his knowledge and bellef. true statement of the ownership. management. etc. of the aforesaid pub ication for the date shown in the above caption, required by the August 24. 1912. embodied and Regulations. in section to-wit: 143 Postal Laws That the name and address of the publisher, editor. managing editor and Sidney business Montana. manager is Harry G. Ketcham. am. 2. That Sidney, the Montana owner is Harry G. KetchThat the known bondholders, mort gagees, other security holders own ing or holding per cent or more of total amount of bonds mortgages Bank other securities Minneapolis. are: Minn. Federal Reserve or (Signed) HARRY G. KETCHAM Sworn to and subscribed before me this 14th day October 1927.