Yegen Brothers. Bankers (Billings, MT)

Episode Information

Episode UID
93003971491
Episode Type
Suspension → Closure
Bank Type
private
Bank ID
9300397 routing
Routing Number
93-0039
Start Date
March 1, 1924*
Location
Billings, Montana (45.783, -108.501)

Metadata

Model
gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
c76ae1a9fde0d043

Response Measures

None

Description

Bank closed March 1924 and placed in receivership; later receiver transfers and criminal charges appear in 1928–1930.

Events (3)
1. March 1, 1924* Suspension
Cause
Bank Specific Adverse Info
Cause Details
Bank closed and placed in receivership; assets liquidated thereafter.
Newspaper Excerpt
The bank was closed in March, 1924.
Source
newspapers
2. June 12, 1928 Receivership
Newspaper Excerpt
An order ... accepting the resignation of W. E. Dickson as receiver for Yegen Brothers, Bankers, of Billings and appointing Grover C. Cisel as his successor ... transfer ... effective June 15 ... Mr. Cisel ... will take charge of the receivership about June 30 ... Most of the assets of the bank have been liquidated.
Source
newspapers
3. August 27, 1930 Receivership
Newspaper Excerpt
Former receiver for Yegen Brothers, bankers, W. E. Dickson, was arrested at Los Angeles Tuesday and will be returned to this city to face charges of grand larceny growing out of alleged peculations from assets of the defunct bank.
Source
newspapers

Newspaper Articles (5)
1. June 12, 1928 The Billings Gazette Billings, MT
Article from The Billings Gazette, June 12, 1928

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Article Text

CISEL IS NAMED BANK RECEIVER Stong Accepts Resignation of Dickson in Yegen Trust. An order by Judge Robert C. Stong accepting the resignation of W. E. Dickson as receiver for Yegen Brothers, Bankers, of Billings and appointing Grover C. Cisel as his successor was filed with the clerk of the district court Monday. The transfer of the receivership, according to the court order, is to be effective June 15 or as soon as it can be conveniently arranged. Bonds are fixed at $10,000. According to Mr. Cisel. he will take charge of the receivership about June 30 and the business will be transacted in the future until the termination of the receivership from his office. Mr Cisel has been legal representative of the for number of months. "Most of the assets of the bank have been liquidated," Mr. Cisel said Monday in confirming his acceptance of the position, "and the remaining assets are of such nature that the trust cannot afford the expense of full-time receiver. Most of the matters remaining to be looked after are of legal nature. With the taking over of the receivership. will handle the trust along with my regular law_business. The bank was closed in March, 1924. The principal assets, including the Yegen Brothers, Inc., store and the principal farm and business properties of the bank have been sold. The trust has still undistributed cash on hand which, with further liquidation, will make it possible to pay the creditors some ad ditional dividends before the trust is terminated, according to Mr. Cisel.

2. September 12, 1929 The Carbon County News Red Lodge, MT
Article from The Carbon County News, September 12, 1929

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Article Text

# TAX DEED # NOTICE OF APPLICATION FOR To C. W. Cole and Cole, his, wife, if any; of Edgar, Montana; and G. C. Cisel, Receiver of Yegen Bros., Bankers, Billings, Montana, You will please take notice that the following described property, situated in the County of Carbon, State of Montana: Southwest quarter of the northeast quarter; north half of the southwest quarter; northwest quarter of the southeast quarter of Section 3, Township 3 South, Range 22 East, M. P. M. was, on the 1st day of October, 1923, sold for delinquent taxes; that the whole of said property was sold on said date for the sum of Fifty-four and 11-100 Dollars ($54.11); that said property was struck off to Carbon County as the purchaser, at said delinquent tax sale, and, that there is now due and owing to Carbon County upon said property for taxes to date the sum of Two hundred forty-nine and 76-100 Dollars ($249.76). That the time when the right of redemption will expire and when the purchaser will apply for a Tax Deed is the 21st day of October, 1929, at one o'clock P. M. of said day. The owner (or owners), mortgagée (or mortgagees), assigns (or assignees), of said mortgage (or mortgages), above described may redeem said property by paying the amount due said County and all fees, percentages, penalties and costs. Notice is hereby further given that Carbon County, State of Montana, in accordance with an order and resolution duly made by the Board of County Commissioners of said County, unless the property described is in the meantime, redeemed, will on the 21st day of October, 1929, apply to the Treasurer of Carbon County, State of Montana for a tax deed for said above described property. Dated at Red Lodge, Montana, this 9th day of September, 1929. CARBON COUNTY, STATE OF MONTANA, By Order of the Board of County Commissioners, C. E. THOMPSON, Clerk of Said Board. First publication September 12, 1929. Fourth publication October 3, 1929.

3. September 19, 1929 The Carbon County News Red Lodge, MT
Article from The Carbon County News, September 19, 1929

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Article Text

TAX DEED NOTICE OF APPLICATION FOR To C. W. Cole and Cole, his wife, if any, of Edgar, Montana; and G. C. Cisel, Receiver of Yegen Bros., Bankers, Billings, Montana, You will please take notice that the following described property, situated in the County of Carbon, State of Montana: Southwest quarter of the northeast quarter; north half of the southwest quarter; northwest quarter of the southeast quarter of Section 3, Township 3 South, Range 22 East M. P. M. was, on the 1st day of October, 1923, sold for delinquent taxes; that the whole of said property was sold on said date for the sum of Fifty-four and 11-100 Dollars ($54.11); that said property was struck off to Carbon County as the pur-

4. August 27, 1930 The Billings Gazette Billings, MT
Article from The Billings Gazette, August 27, 1930

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Article Text

DEATH ENDS LON CHANEY'S FILM CAREER DICKSON FACES GRAND LARCENY CHARGE FORMER YEGEN BANK RECEIVER COAST Information Accuses Him Specifically of Taking$712Through Diversion of Check. WILL NOT FIGHT RETURN TO CITY Receivership Books During His Service Show Discrepancies in Excess of $7,000. ORMER receiver for Yegen Brothers. bankers. W. E. Dickson. was arrested at Los Angeles Tuesday and will be returned to this city to face charges of grand larceny growing out of alleged peculations from assets of the defunct bank. Information against Dickson was filed in district court several days ago The former receiver has waived extradition. Sheriff W. Traeger of Los Angeles. said in telegram to Sheriff E. M. Birely, and is being held in bonds of $10,000. A deputy will leave here Wednesday for Helena to obtain extradition papers. if they are necessary before going to the California city. Appointed by Judge Robert C. the Dickson from Oct July 1928 during that period dis. than have been discovered in records was arrested on specific diverting of 8712.25 representing payment secured the ranch of Wyoming livestock second check, amounting to

5. August 28, 1930 Midland Empire News Billings, MT
Article from Midland Empire News, August 28, 1930

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Article Text

BANK RECEIVER HERE ARRESTED Allege Larceny by Dickson From Yegen Bank Funds. Herbert Bailey. deputy sheriff, left Wednesday night for Los Angeles, to return to Billings as a prisoner, W. E. Dickson, former receiver of Yegen Brothers, Bankers, to face charges of grand larceny, in connection with alleged misappropriation of funds during his receivership Although Dickson has signified his willingness to return here, the officer will go to Helena. with the proper credentials and affidavits for securing requisition papers from Gov. J. E. Erickson and will go by way of Sacramento to secure the signature of Governor Young for Dickson's extraDickson was arrested at Los Angeles Wednesday by the sheriff's office there upon the request of local authorities, following an investigation of affairs during his receivership by Judge Robert C. Stong, who is named as the principal witness for the state. Discrepancies running from Oct. 1, 1926, to July 1, 1928, when Dickson was receiver. are alleged to have been uncovered. They amount to at least $7,100 and may run as high as $10,000, officers of the court said. Charged specifically in the information filed in district court with taking $712.25, representing the al- (Continued on Page 2, Column 1.)