19768. Montfort State Bank (Montfort, WI)

Bank Information

Episode Type
Suspension → Closure
Bank Type
state
Start Date
June 1, 1922*
Location
Montfort, Wisconsin (42.972, -90.433)

Metadata

Model
gpt-5-mini
Short Digest
47dc43dd8c2df83f

Response Measures

None

Description

Articles document the Montfort State Bank being insolvent and in liquidation (declared insolvent June 1922), foreclosure and sheriff's sale of assets (judgment June 22, 1923; sheriff's sale Aug 9, 1924), and later proceedings on final dividend/liquidation (hearing Jan 1930). No contemporaneous depositor run is described. This is a suspension leading to permanent closure/liquidation under state banking authorities.

Events (4)
1. June 1, 1922* Suspension
Cause
Government Action
Cause Details
Bank was declared insolvent in June 1922 and placed into liquidation by state banking authorities (Commissioner of Banking referenced in legal actions).
Newspaper Excerpt
since the bank was declaren insolvent in June, 1922.
Source
newspapers
2. June 22, 1923 Other
Newspaper Excerpt
judgment of foreclosure and sale made in the above entitled action on the 22nd day of June, A. D. 1923, ... in relation to the Montfort State Bank in liquidation, and the Montfort State Bank, a domestic corporation, Defendants.
Source
newspapers
3. August 9, 1924 Other
Newspaper Excerpt
the undersigned Sheriff of Grant County ... will sell ... on the 9th day of August, A. D. 1924 ... the real estate and mortgaged premises described by said judgment to be sold.
Source
newspapers
4. January 7, 1930 Receivership
Newspaper Excerpt
Notice hereby given that special term ... matter of the liquidation of the Montfort State Bank ... hearing final report and action, and for last final dividend. ... The petition of the Banking ... for final and last final dividend.
Source
newspapers

Newspaper Articles (5)
1. July 16, 1924 Grant County Herald Lancaster, WI
Article from Grant County Herald, July 16, 1924

Click image to open full size in new tab

Article Text

SHERIFF'S SALE In Circuit Court for Grant County, Wisconsin. Anna E. DiVall, Plaintiff, vs. Anna M. Cookson, Alfred D. Cookson, William E. Loney, Frank R. Loney and Ida Loney, his wife, Jennie Frankland, and Marshall Cousins, as Commissioner of Banking of the State of Wisconsin, in relation to the Montfort State Bank in liquidation, and the Montfort State Bank, a domestic corporation, Defendants. By virtue of a judgment of foreclosure and sale made in the above entitled action on the 22nd day of June, A. D. 1923, the undersigned Sheriff of Grant County, State of Wisconsin, will sell at the north front door of the court house in the city of Lancaster, in said Grant County, Wisconsin, on the 9th day of August, A. D. 1924, at two o'clock in the afternoon of that day the real estate and mortgaged premises described by said judgment to be sold and therein described as follows:The North half of the North West quarter of Section Five (5), in Township Five (5) North of Range Three (3) West of the 4th P. M. Also the South West quarter of the South West quarter of Section Thirtytwo (32), and a strip of land described as follows:-Commencing at the South East corner of the South West quarter of the South West quarter of said Section Thirtytwo (32), running thence East fourteen and seven-eights (14 & ½) rods; thence North Two hundred eleven (211) rods to the public highway; thence Northwesterly along the highway about fifteen (15) rods; thence South two hundred nineteen (219) rods to the place of beginning. Also twenty acres off the East side of the following described sixty acre tract, to-wit: The North West quarter of the South West quarter of said Section Thirty-two (32) and the South half of the South West quarter of the North West quarter of said Section Thirty-two (32). All of said lands being in Township Six (6) North of Range Three (3) West of the 4th P. M., in Grant County, Wisconsin. Terms of said sale will be cash. Dated the 23d day of June, A. D. 1924. JOSEPH H. EDGE, 19c6 Sheriff of Grant County, Wisconsin. Brennan & Carthew, Plaintiff's Attorneys.

2. July 23, 1924 Grant County Herald Lancaster, WI
Article from Grant County Herald, July 23, 1924

Click image to open full size in new tab

Article Text

SHERIFF'S SALE In Circuit Court for Grant County, Wisconsin. Anna E. DiVall, Plaintiff, vs. Anna M. Cookson, Alfred D. Cookson, William E. Loney, Frank R. Loney and Ida Loney, his wife, Jennie Frankland, and Marshall Cousins, as Commissioner of Banking of the State of Wisconsin, in relation to the Montfort State Bank in liquidation, and the Montfort State Bank, a domestic corporation, Defendants. By virtue of a judgment of foreclosure and sale made in the above entitled action on the 22nd day of June, A. D. 1923, the undersigned Sheriff of Grant County, State of Wisconsin, will sell at the north front door of the court house in the city of Lancaster, in said Grant County, Wisconsin, on the 9th day of August, A. D. 1924, at two o'clock in the afternoon of that day the real estate and mortgaged premises described by said judgment to be sold and therein described as follows:The North half of the North West quarter of Section Five (5), in Township Five (5) North of Range Three (3) West of the 4th P. M. Also the South West quarter of the South West quarter of Section Thirtytwo (32), and a strip of land described as follows:-Commencing at the South East corner of the South West quarter of the South West quarter of said Section Thirtytwo (32), running thence East fourteen and seven-eights (14 & 7/s) rods; thence North Two hundred eleven (211) rods to the public highway; thence Northwesterly along the highway about fifteen (15) rods; thence South two hundred nineteen (219) rods to the place of beginning. Also twenty acres off the East side of the following described sixty acre tract, to-wit: The North West quarter of the South West quarter of said Section Thirty-two (32) and the South half of the South West quarter of the North West quarter of said Section Thirty-two (32). All of said lands being in Township Six (6) North of Range Three (3) West of the 4th P. M., in Grant County, Wisconsin. Terms of said sale will be cash. Dated the 23d day of June, A. D. 1924. JOSEPH H. EDGE, 19c6 Sheriff of Grant County, Wisconsin. Brennan & Carthew, Plaintiff's Attorneys.

3. July 30, 1924 Grant County Herald Lancaster, WI
Article from Grant County Herald, July 30, 1924

Click image to open full size in new tab

Article Text

SUMMONS State of Wisconsin, In Circuit Court for Grant County. Thomas Ahasey and Tillie Ahasey, his wife, George Ahasey and Elizabeth Ahasey, his wife. Frank Ahasey and Lucy Ahasey, his wife, John Ahasey and Mary Ahasey, his wife and Edward Ahasey, Plaintiffs, vs. William Ahasey, Ella Nies and George Nies, Defendants. The State of Wisconsin, to the said defendants, and each of them: You are hereby summoned to appear within twenty days after service of this summons upon you, exclusive of the day of service, and defend the above entitled action in the court aforesaid, and in case of your failure SO to do, judgment will be rendered against you according to the demand of the complaint, of which a copy is herewith served upon you. TIMOTHY BURKE, Plaintiff's Attorney. Post office address, 206 Minahan Bldg., Green Bay, Wisconsin. This summons and verified complaint in the above entitled action are now on file in the office of the Clerk of the Circuit Court for Grant County, Wisconsin. Timothy Burke, 21c6 Plaintiffs' Attorney. SHERIFF'S SALE In Circuit Court for Grant County, Wisconsin. Anna E. DiVall, Plaintiff, vs. Anna M. Cookson, Alfred D. Cookson, William E. Loney, Frank R. Loney and Ida Loney, his wife, Jennie Frankland, and Marshall Cousins, as Commissioner of Banking of the State of Wisconsin, in relation to the Montfort State Bank in liquidation, and the Montfort State Bank, a domestic corporation, Defendants. By virtue of a judgment of foreclosure and sale made in the above entitled action on the 22nd day of June, A. D. 1923, the undersigned Sheriff of Grant County, State of Wisconsin, will sell at the north front door of the court house in the city of Lancaster, in said Grant County, Wisconsin, on the 9th day of August, A. D. 1924, at two o'clock in the afternoon of that day the real estate and mortgaged premises described by said judgment to be sold and therein described as follows:The North half of the North West quarter of Section Five (5), in Township Five (5) North of Range Three (3) West of the 4th P. M. Also the South West quarter of the South West quarter of Section Thirtytwo (32), and a strip of land described as follows:-Commencing at the South East corner of the South West quarter of the South West quarter of said Section Thirtytwo (32), running thence East fourteen and seven-eights (14 & 7/8) rods; thence North Two hundred eleven (211) rods to the public highway; thence Northwesterly along the highway about fifteen (15) rods; thence South two hundred nineteen (219) rods to the place of beginning. Also twenty acres off the East side of the following described sixty acre tract, to-wit: The North West quarter of the South West quarter of said Section Thirty-two (32) and the South half of the South West quarter of the North West quarter of said Section Thirty-two (32). All of said lands being in Township Six (6) North of Range Three (3) West of the 4th P. M., in Grant County, Wisconsin. Terms of said sale will be cash. Dated the 23d day of June, A. D. 1924. JOSEPH H. EDGE, 19c6 Sheriff of Grant County, Wisconsin. Brennan & Carthew, Plaintiff's Attorneys.

4. May 27, 1925 Vilas County News Eagle River, WI
Article from Vilas County News, May 27, 1925

Click image to open full size in new tab

Article Text

Madison-Drownings by accident Wisconsin are growing less in in number. from year to year in spite of the the ing tinue its state popularity health of of Badger department will waters and grow. conmj 01 порвэпре usjedure ther reduce these accidents this The drownings have decreased year. from 204 in 1919 to 175 in 1924. Westfield-Rellis Conant of Milwaukee and W. E. Herschleb of Wisconsin Rapids, a banker, were killed at Westfield when the airplane in which they were riding went into a tail spin 2,000 feet and crashed. The pair at went up for Herschleb's fifth lesson, and in some manner the student lost control of the machine and it went into a spin. Marinette-Authorities at Marinette let it be known that dog owners who were convicted on charges of letting their pets run loose without muzzles would be fined $100. The announcement was made following the renewal of hydrophobia cases. Almost 100 dogs have been shot since the rabies epidemic started about a month ago. Oconomowoc-Four young people were killed at Oconomowoc Sunday, when the coupe in which they were riding was struck by the westbound fast mail train on the Chicago, Milwaukee and St. Paul railway. Witnesses say the driver of the coupe veered across to the side of the street and plunged on to the railroad track in front of the locomotive. Beloit-When two masked holdup men ordered Merrill Cass, night ticket agent at the Milwaukee road station at Beloit to throw up his hands he complied, but one Land brought up a revolver that he leveled at the intruders. They turned and fled into the darkness. Cass' weapon would not function when he attempted to take a shot at the retreating bandits. Madison-Six thousand five hundred mothers have been invited to attend the Mother's day celebration May 29 to 31, by their sons and daughters at the University of Wisconsin, who have planned a program which will take up an entire week-end and provide entertainment equal to that given for fathers at the Father's day celebration. Beaver Dam-Invitations have been mailed to all veterans of the 127th infantry, 32d Division, for the first independent reunion of the regiment to be held at Beaver Dam June 13 and 14. It is expected that at least 1,000 of the Wisconsin veterans will attend the two-day event. Montfort-Judge S. E. Smalley. in circuit court at Montfort, has ordered payment of a 5 per cent dividened to all depositors of the Montfort State bank. This is the second dividend declared since the bank was declaren insolvent in June, 1922. The first was for 10 per cent all allowed

5. January 15, 1930 Grant County Herald Lancaster, WI
Article from Grant County Herald, January 15, 1930

Click image to open full size in new tab

Article Text

COUNCIL NOTES The regular meeting of the council was held January 7, 1930. Mayor Bailie presided. Complete attendance of Aldermen. Treasurer's 1, balance Receipts for the month Dec$3,039.66; balance December 31, $12,127.77. Fuel oil reserve, water gineer's report January gal. Disbursements, here given, allowed through regular procedure on motion of Ald. Brady seconded by Ald. Ramshaw. Carried by unanimous affirmative vote. Municipal $52.13 Janitor Matron $118.80; various follows: offices, Theater, $67.64; Rest Rooms, $73.88; Club $32.73 241.15 Government, executives' and 111.00 Fire light tele$7.50; sup$26.34 47.99 and repairs, Works, salaries, clerical, supt.. $40.00; $125.00; labor and $44.80; oils 392.58 $122.78 and Sidewalks, light, streets alleys, $7.84; supt. sal. $60.00; $79.00; labor, $86.80 struction, 626.55 supplies, $3.36 energy, $59.37; $94.00; manhole covers, $45.00; and repair ma212.10 terials, $13.73 chief sal., $35.00, night 112.80 watch $75.00; $2.80 20c 3.00 Library, labor, Parks, light labor, $16.45; 34.36 food, fuel and other neces221.20 sities $3.12, fuel, $3.77 light, 7.14 hardware 25c hardware and Quarry, 67.50 oil and gas, repairs, $13.95; 34.05 $20.10 $2,111.42 Replacement of dishes, club rooms, left to discretion of ture exceed motion of Ald. Stevens, seconded Ald. Rhodes. Carried by all members votroll call. on An additional 1,000 fire prevention inspection cards ordered through Clerk. Motion of Ald. Brady, seconded by Ald. Ramshaw. All members voting Clerk yes. directed to order 2 inch water meter, motion Ald. Stevens, seconded by Ald. Rhodes. Carried Oscar Damm made justice of the peace by appointment of Mayor Bailie and unanimous confirmation of Council Members on motion of Ald. Ramshaw, seconded by Ald. Calloway. Retention of membership in League of Wisconsin Municipalities approved by entire vote of Council. Motion of Ald. Rhodes, seconded by Brady. Request of John Heinrichs for rehearing on claim, previously disallowed, dismissed without action. Adjourned on motion of Ald. Rhodes. Mayor. BAILIE, Clerk. CRICHTON, SHORTHAND Learn in Quick, new easy way. 10 weeks. Dictation after first lesson. Night class starting January Reasonable terms. Phone 211. 49cl Mrs. David Schreiter, aged 88, died at Darlington, Sunday a week ago. ESTABLISHED IN 1848 AND CON- LEGAL NOTICE State Wisconsin, Grant County, In TINUOUSLY PUBLISHED SINCE matter of the liquidation of the MAILING DAY EACH WEDNESDAY State Bank, banking corporahearing final report and action, A. L. SHERMAN, Editor & Publisher liquidation the Montfort State Bank and for last final dividend. Independent Republican Newspaper Notice hereby given that spécial term the Entered at the Postoffice in Lancaster, and for County, Wisconsin, as second class matter. Court House County day $2.00 1930, opening Court that thereafter can $2.50 heard. the following matters will be heard Outside of United States $3.00 The petition of the Banking the and ADVERTISEMENTS final and which report said declaration last and final FOR SALE- A large coonskin coat. Dated this 8th day of January, Good condition, priced cheap. Inquire 1930. 626 Tyler St., Lancaster, Wis. 39p3 the Circuit Judge Fiedler, FOR SALE-50 Barred Rock and Attorneys for Banking Notice Prove Will and Notice to Creditors State Wisconsin, County Court, Grant Probate. In re of Robert T. Draper, deceased. Notice the regular the first Tuesday of February, 1930, at the court house in the city of Lancaster, county of Grant, state Wisconsin, there and the application Clay E. Halferty, to admit to will and of Robert the late the city of said for the appointment of executor; further given, that Notice hereby the special term said court to held said court house, on the Tuesday will be heard, con1930, adjusted claims against and said Robert Draper, deceased; And hereby further given, that all such claims for presented said county ance court at the court house in the city in said before 6th day of May, D., 1930, 48c3 January 1930. W. BRENNAN, By the Court: Frank Meyer, Attorney. NOTICE TO CREDITORS State County Court. for Probate. Clark, Deceased. estate George for An order Meyer, the the county Grant, in state city of Lancaster, Wisconsin, as the administrator, Jate George Clark, the estate in said Grant the city given, that the Notice term court ular the court and state county 1930, Tuesday of May, the be heard, there justed will claims against George Clark, further given, that notice is hereby And such claims for county must presented lowance the city house court Lancaster before the said day of May, 1930, barred. 46c3 31, 1929. BRENNAN, Judge. By Harry E. Carthew, Attorney for Almin-