Security State Bank (Medicine Lake, MT)

Episode Information

Episode Type
Suspension β†’ Closure
Start Date
December 21, 1923
Location
Medicine Lake, Montana (48.501, -104.505)
Bank Type
state
Routing Number
93-0156

Metadata

Notes

Suspension cited as due to existing conditions; later notices show a receiver appointed.

Events (2)

1. December 21, 1923 Suspension
Cause Details
Suspended due to existing conditions (unspecified economic/operational problems).
Newspaper Excerpt
Owing to existing conditions, the Security State Bank suspended business last Friday, December 21st.
Source
newspapers
2. February 15, 1924 Receivership
Newspaper Excerpt
S. C. FAABORG. as Receiver of the SECURITY STATE BANK, MEDICINE LAKE, MONTANA, a banking corporation, Plaintiff,
Source
newspapers

Newspaper Articles (12)

Article from Antelope Independent, January 4, 1924

Click image to open full size in new tab

Article Text

SECURITY STATE BANK CLOSED

Owing to existing conditions, the Security State Bank suspended business last Friday, December 21st. No plans of re-organization has yet been announced, anymore than all interests of depositors carefully safeguarded.β€”Medicine Lake Wave.


Article from Sheridan County Farmer, January 4, 1924

Click image to open full size in new tab

Article Text

SECURITY STATE BANK CLOSED

Owing to existing conditions, the Security State Bank suspended business last Friday, December 21st. No plans of re-organization has yet been announced, anymore than all interests of depositors carefully safeguarded.β€”Medicine Lake Wave.


Article from The Producers News, February 15, 1924

Click image to open full size in new tab

Article Text

S. C. FAABORG. as Receiver of the SECURITY STATE BANK, MEDI- CINE LAKE, MONTANA, a bank- ing corporation, Plaintiff,


Article from The Producers News, February 29, 1924

Click image to open full size in new tab

Article Text

SHERIFF'S SALE

IN THE DISTRICT COURT OF THE TWENTIETH JUDICIAL DISTRICT OF THE STATE OF MONTANA, IN AND FOR THE COUNTY OF SHERIDAN.

S. C. FAABORG as Receiver of the SECURITY STATE BANK, MEDICINE LAKE, MONTANA, a banking corporation, Plaintiff,

versus

FRED C. NELSON and JULIA NELSON, his wife, MILTON C. TOWNS, ALFRED MARTI, FIRST NATIONAL BANK OF SLEEPY EYE MINNESOTA, a corporation, BOUNDARY LUMBER COM-


Article from The Producers News, April 18, 1924

Click image to open full size in new tab

Article Text

S. C. FAABORG, as Receiver of the Security State Bank, Medicine Lake, Montana, a banking corporation, Plaintiff,


Article from The Producers News, May 2, 1924

Click image to open full size in new tab

Article Text

S. C. FAABORG, as Receiver of the Security State Bank, Medicine Lake, Montana, a banking corporation, Plaintiff,


Article from The Producers News, November 6, 1925

Click image to open full size in new tab

Article Text

THE FIRST NATIONAL BANK, SLEEPY EYE, MINNESOTA

a corporation, Plaintiff,

versus

S. C. FAABORG, administrator of the estate of OLE RODLAND, deceased, (also known as OLE E RODLAND), SECURITY STATE BANK OF MEDICINE LAKE, Medicine Lake, Montana, a corporation, and S. C. FAABORG, Receiver of said bank, Defendants.


Article from The Producers News, November 20, 1925

Click image to open full size in new tab

Article Text

THE FIRST NATIONAL BANK, SLEEPY EYE, MINNESOTA, a corporation, Plaintiff,

versus

S. C. FAABORG, administrator of the estate of OLE RODLAND, deceased, (also known as OLE E RODLAND), SECURITY STATE BANK OF MEDICINE LAKE, Medicine Lake, Montana, a corporation, and S. C. FAABORG, Receiver of said bank, Defendants.


Article from The Producers News, November 27, 1925

Click image to open full size in new tab

Article Text

THE FIRST NATIONAL BANK, SLEEPY EYE, MINNESOTA, a corporation, Plaintiff,

versus

S. C. FAABORG, administrator of the estate of OLE RODLAND, deceased, (also known as OLE E RODLAND), SECURITY STATE BANK OF MEDICINE LAKE, Medicine Lake, Montana, a corporation, and S. C. FAABORG, Receiver of said bank, Defendants.

To be Sold at Sheriff's Sale, on the 28th day of November, A. D. 1925, at the hour of Two (2) o'clock P. M., of said day, at the front door of the County Court House, at Plentywood, in the County of Sheridan, State of Montana, to the highest bidder for cash, the following described Real Estate, situated, lying and being in the County of Sheridan, State of Montana, to-wit: The Southwest quarter of Section Nine (9) in Township Thirty-two (32) North, of Range Fifty-six (56) East, of the Montana Meridian, Montana, containing one hundred Sixty (160) acres. And more particular all the right, title, claim and interest of the above named defendants, in and to the Real Property hereinbefore described. Dated at Plentywood, Montana, this 29th day of October, A. D. 1925.

RODNEY SALISBURY, Sheriff of Sheridan County, Montana. By CLAIR STONER, Under-Sheriff.

GRANT BAKEWELL, Medicine Lake, Montana. Attorney for the Plaintiff. 31-t4


Article from The Producers News, February 19, 1926

Click image to open full size in new tab

Article Text

ANTONIE MARSHALL, Plaintiff,

versus

JEPPE L. JEPPESEN and MARIE JEPPESEN, his wife, D. RAY GREGG and ELEANOR H. GREGG, his wife, SECURITY STATE BANK OF MEDI- CINE LAKE, Medicine Lake, Mon- tana, a corporation, and S. C. FAA- BORG, Receiver of said bank, and SHERIDAN COUNTY, MONTANA, a body corporate and politic, Defend- ants.


Article from The Producers News, September 2, 1927

Click image to open full size in new tab

Article Text

THE FIRST NATIONAL BANK, SLEEPY EYE, MINN., a corporation, Plaintiff, MYRTLE C. SMITH, ROBERT E. SMITH, her husband, SECURITY STATE BANK OF MEDICINE LAKE, MONTANA, a corporation, S. C. FAABORG, as Receiver of Security State Bank of Medicine Lake, Montana, a corporation, RODERICK McGREGOR, and SHERIDAN COUNTY, MONTANA, a body politic and corporate, Defendants.

THE STATE OF MONTANA SENDS GREETINGS TO THE ABOVE NAMED DEFENDANTS, AND TO EACH OF THEM:


Article from The Producers News, December 23, 1927

Click image to open full size in new tab

Article Text

versus MRYTLE C

SMITH, ROBERT E. SMITH, her husband, SECURITY STATE BANK OF MEDICINE LAKE, MONTANA, a corporation, S. C. FAABORG, as Receiver of SECURITY STATE BANK OF MEDICINE LAKE, MONTANA, a corporation; RODERICK McGREGOR, and SHERIDAN COUNTY, MONTANA, a body politic and corporate, Defendants.