First State Bank (Livingston, MT)

Episode Information

Episode Type
Suspension → Closure
Start Date
May 22, 1923
Location
Livingston, Montana (45.662, -110.561)
Bank Type
state
Routing Number
93-0055

Metadata

Notes

Bank had closed and reopened about a year earlier before this final closing.

Events (2)

1. May 22, 1923 Suspension
Cause
Government Action
Cause Details
Bank reported condition to State Bank Examiner and an order closing the bank was posted by deputy superintendent of banks.
Newspaper Excerpt
The First State bank of Livingston failed to open for business Tuesday morning after officials had reported their condition to State Bank Examiner L. Q. Skelton late Monday afternoon.
Source
newspapers
2. May 31, 1923 Receivership
Newspaper Excerpt
Alban Bodine ... was appointed receiver of the bank in district court Tuesday.
Source
newspapers

Newspaper Articles (18)

Article from Great Falls Tribune, May 23, 1923

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Livingston Bank to Liquidate All Assets; Close Doors

Livingston, May 22.—(By The Associated Press.)—The First State bank of Livingston failed to open for business Tuesday morning after officials had reported their condition to State Bank Examiner L. Q. Skelton late Monday afternoon. The bank is the


Article from The Ogden Standard-Examiner, May 23, 1923

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BANK GOES BROKE

LIVINGSTON, Mont., May 23.—The First State bank of Livingston failed to open for business Tuesday after having reported their condition to State Bank Examiner L. Q. Skelton late Monday afternoon. The bank closed its doors a year ago and reopened following an agreement with customers, according to A. Bodine, president of the bank. A receiver will be asked and the bank's assets liquidated.


Article from The Independent-Record, May 23, 1923

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BANK IN LIVINGSTON TO BE LIQUIDATED

Livingston, May 22.—The First State bank of Livingston failed to open for business this morning after having reported its condition to State Bank Examiner L. Q. Skelton late Monday afternoon. The bank is the same institution that closed its doors a year ago and re-opened following an agreement with patrons to take a percentage of their deposits in stock certificates and the balance in certificates of deposit for one year, giving the bank an option to extend them for a second year. According to A. Bodine, president of the bank, a receiver will be asked for and the bank's assets liquidated.


Article from The Daily Missoulian, May 23, 1923

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LIVINGSTON BANK FAILS SECOND TIME

By the Associated Press. Livingston, May 22.—The First State bank of Livingston failed to open for business this morning after having reported their condition to State Bank Examiner L. Q. Skelton late Monday afternoon. The bank is the same institution that closed its doors a year ago and re-opened following an agreement with patrons to take a percentage of their deposits in stock certificates and the balance in certificates of deposit for one year, giving the bank an option to extend them for a second year. According to A. Bodine, president of the bank, a receiver will be asked for and the bank's assets liquidated.


Article from The Billings Gazette, May 23, 1923

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CLOSES SECOND TIME

Livingston, May 22.—The First State bank of Livingston failed to open for business Tuesday morning after having reported its condition to State Bank Examiner L. Q. Skelton late Monday afternoon. The bank is the same institution that closed its doors a year ago and reopened following an agreement with patrons to take a percentage of their deposits in stock certificates and the balance in certificates of deposit for one year, giving the bank an option to extend them for a second year. According to A. Bondine, president of the bank, a receiver will be asked for and the bank's assets liquidated.


Article from The Independent-Record, May 23, 1923

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BANK IN LIVINGSTON TO BE LIQUIDATED

Livingston, May 22.—The First State bank of Livingston failed to open for business this morning after having reported its condition to State Bank Examiner L. Q. Skelton late Monday afternoon. The bank is the same institution that closed its doors a year ago and re-opened following an agreement with patrons to take a percentage of their deposits in stock certificates and the balance in certificates of deposit for one year, giving the bank an option to extend them for a second year. According to A. Bodine, president of the bank, a receiver will be asked for and the bank's assets liquidated.


Article from Bozeman Daily Chronicle, May 23, 1923

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LIVINGSTON BANK FAILS TO OPEN

First State Bank of Livingston Closes Its Doors and Will Ask for Receiver.

Livingston, May 22.—The First State bank of Livingston failed to open for business this morning after having reported their condition to State Bank Examiner L. Q. Skelton late Monday afternoon. The bank is the same institution that closed its doors a year ago and re-opened following an agreement with patrons to take a percentage of their deposits in stock certificates, and the balance in certificates of deposit for one year, giving the bank an option to extend them for a second year. According to A. Bodine, president of the bank, a receiver will be asked for and the bank's assets liquidated.

MINING CONVENTION OPENS.

Spokane, Wash., May 22.—Some 200 residents of Pacific northwestern states and provinces interested in some phase or another of the mining industry, registered at the opening day's session here today of the 28th annual convention of the Northwest Mining Men's association.


Article from The Montana Record-Herald, May 23, 1923

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LIVINGSTON BANK FAILS TO REOPEN

RECEIVER WILL BE ASKED FOR AND BANK'S ASSETS LIQUIDATED, PRESIDENT SAYS

By The Associated Press.

LIVINGSTON, May 23.—The First State bank of Livingston failed to open for business yesterday morning after having reported its condition to State Bank Examiner L. Q. Skelton late Monday afternoon. The bank is the same institution that closed its doors a year ago and reopened following an agreement with patrons to take a percentage of their deposits in stock certificates and the balance in certificates of deposit for one year, giving the bank an option to extend them for a second year. According to A. Bodine, president of the bank, a receiver will be asked for and the bank's assets liquidated.


Article from Omaha World-Herald, May 24, 1923

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"FIGHTING PANHANDLER" GIVEN THIRTY DAYS

M. A. Roudebush, Kearney, Neb., the alleged "fighting panhandler" was sentenced to thirty days in jail yesterday by Police Judge Baldwin. Roudebush was arrested Tuesday at Fifteenth and Farnam, where he attempted to fight with men and members of the Elks band when they refused to give him alms.

Livingston, Mont., May 22.—The First State bank of Livingston failed to open for business Tuesday, after having reported their condition to State Bank Examiner L. Q. Skelton late Monday afternoon. The bank closed its doors a year ago and reopened following an agreement with customers, according to A. Bodine, president of the bank. A receiver will be asked and the bank's assets liquidated.


Article from Hysham Echo, May 24, 1923

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LIVINGSTON BANK CLOSES

According to the Record-Herald, the First State bank of Livingston failed to open Wednesday morning after having reported its condition to State Bank Examiner L. Q. Skelton, late Monday afternoon. The bank is the same institution that closed its doors a year ago and reopened following an agreement with patrons to take a percentage of their deposits in stock certificates and the balance in certificates of deposit for one year, giving the bank an option to extend them for a second year. According to A. Bodine, president of the bank, a receiver will be asked for and the bank's assets liquidated.


Article from The Park County News, May 25, 1923

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For the second time within a little more than one year, the First State bank of this city closed its doors Tuesday morning. The closing of the bank came as the result of a report, made several days before, to State Bank Examiner L. Q. Skelton of Helena.

The order closing the bank which was posted in the window of the front door, bore the date of May 22, and the signature of George K. Dick, deputy superintendent of banks of Montana. According to Alban Bodine, an official of the bank, a receiver for the institution will be asked for in the hope that an early and satisfactory settlement or adjustment between the bank and its depositors and stockholders can be effected.


Article from The River Press, May 30, 1923

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Livingston

—The First State Bank of Livingston failed to open for business yesterday morning after having reported its condition to State Examiner L. Q. Skelton late Monday afternoon. The bank is the same institution that closed its doors a year ago and reopened following an agreement with patrons to take a percentage of their deposits in stock certificates and the balance in certificates of deposits for one year, giving the bank an option to extend them for a second year. According to A. Bodine, president of the bank, a receiver will be asked for and the bank's assets liquidated.


Article from Great Falls Tribune, June 1, 1923

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Former Officer Gets Bank Receiver Post

Livingston, May 31.—Alban Bodine, who has been president of the First State bank of Livingston since its reorganization, a year ago, and which closed its doors a few days ago for the second time, was appointed receiver of the bank in district court Tuesday.

Mr. Bodine came here from California about three years ago and was connected with the Hill cattle interests up to the time he became president of the State bank, after its reorganization.


Article from The Producers News, June 8, 1923

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LIVINGSTON BANK FAILS TO REOPEN Receiver Will be Asked For and Banks Assets Liquidated, President says. Livingston, May 23.-The First State bank of Livingston failed to open for business yesterday morning after having reported its condition to State Bank Examiner L. Q. Skelton late Monday afternoon. The bank is the same institution that closed its doors a year ago and reopened following an agrement with patrons to take a percentage of their deposits in stock certificates and the balance in certificates of deposit for one year, giving the bank an option to extend them for a second year. According to A. Bodine, president of the bank, a receiver bank's assets will be asked for and th liquidated.


Article from Roosevelt County Independent, June 15, 1923

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LIVINGSTON BANK FAILS TO REOPEN

Receiver Will be Asked For and Banks Assets Liquidated, President says.

Livingston, May 23.—The First State bank of Livingston failed to open for business yesterday morning after having reported its condition to State Bank Examiner L. Q. Skelton late Monday afternoon. The bank is the same institution that closed its doors a year ago and reopened following an agreement with patrons to take a percentage of their deposits in stock certificates and the balance in certificates of deposit for one year, giving the bank an option to extend them for a second year. According to A. Bodine, president of the bank, a receiver will be asked for and the bank's assets liquidated.


Article from The Bozeman Courier, November 14, 1923

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Livingston Bank Moves

Park County News—The Merchants bank has purchased the fixtures and taken over the lease of the premises formerly occupied by the First State bank at the corner of Main and Challenger streets and will be located in their new quarters on Monday, November 12. The sale of the fixtures and lease of the banking rooms was made recently by Alban Bodine, the receiver of the First State Bank.


Article from The Bozeman Courier, February 20, 1924

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SHERIFF'S SALE Alban Bodine, receiver of First State Bank, a corporation, of Livingston, Montana, plaintiff, versus Walter L. Johnson, Agnes E. Johnson, Commercial National Bankj a corporation, Mrs. William Hruza, Mrs. Henry Jonrow. John Hruza and Etta Reber, defendants. To be sold at Sheriff's Sale on Saturday, on the 22nd day of March, A. D., 1924, at 2:00 o'clock p. m., at the front door of the Court House in the City of Bozeman, County of Gallatin, State of Montana. All the right, title and interest of the defendants in and to the following described property, viz.: Lot Five (5) in Block Two (2) of the Original Townsite of Belgrade, County of Gallatin, State of Montana, together with all the tenements, hereditaments and appurtenances thereunto belonging or in any wise appertaining. Dated this 18th day of February, A. D., 1924. JAMES SMITH, Sheriff. By ORVILLE JONES, Under Sheriff. -Feb. 20 4t


Article from The Bozeman Courier, April 2, 1926

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SHERIFF'S SALE

The Federal Land Bank of Spokane, a Corporation, Plaintiff. versus Theodore H. Moody, and Pearl A. Moody, husband and wife; Frank B. Robbins; First State Bank, a Corporation; F. J. Habein, Receiver of The First State Bank of Livingston; Myersburg National Farm Loan Association, a Corporation, Defendants.

To be sold at Sheriff's Sale on Saturday on the 10th day of April A. D: 1926 at 3:00 o'clock P. M. at the front door of the Court House in the City of Bozeman, County of Gallatin, the following described property, viz.: The North Half of the Northwest Quarter, Northwest Quarter of the Northeast Quarter of Section Twenty-four, Township Three North, Range Seven East of the Montana Principal Meridian, containing 120 acres. Together with all water and water rights used upon or appurtenant to said property and however evidenced, County of Gallatin, State of Montana. Dated at Bozeman, this 16th day of March, 1926.

JAMES SMITH, Sheriff By, Sylvia A. Smith, Under Sheriff. Fred W. Schmitz, Attorney for Plaintiff, Townsend, Montana. (First publication March 19, 1926) (Last publication April 9, 1926)