Farmers State Bank (Medicine Lake, MT)

Episode Information

Episode Type
Suspension β†’ Closure
Start Date
November 21, 1923
Location
Medicine Lake, Montana (48.501, -104.505)
Bank Type
state
Routing Number
93-0262

Metadata

Notes

Suspended in Nov 1923 and subsequently placed in receivership; later described as insolvent.

Events (5)

1. November 21, 1923 Suspension
Cause
Bank Specific Adverse Info
Cause Details
Bank suspended to re-adjust affairs; later placed in receivership, indicating insolvency or serious financial trouble
Newspaper Excerpt
Last Wednesday the Farmers State Bank suspended active business for the purpose of re-adjustment of some of its affairs
Source
newspapers
2. October 17, 1924 Receivership
Newspaper Excerpt
Marcus Olson of Medicine Lake ... is getting on to the banking game through his job as Receiver of the Farmers State Bank of Medicine Lake.
Source
newspapers
3. February 28, 1925 Receivership
Newspaper Excerpt
FARMERS STATE BANK, Medicine Lake, Montana, a corporation, and S. O. SWENSON and M. M. OLSON, Receivers of said Bank, Defendants.
Source
newspapers
4. October 12, 1927 Receivership
Newspaper Excerpt
FARMERS STATE BANK, MEDICINE LAKE, MONTANA, a corporation; and Fred Ibsen, receiver thereof;
Source
newspapers
5. August 8, 1929 Other
Newspaper Excerpt
FARMERS STATE BANK OF MEDICINE LAKE, an insolvent banking corporation, and FRED IBSEN, the receiver thereof;
Source
newspapers

Newspaper Articles (11)

Article from Daniels County Leader, November 29, 1923

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Article Text

FARMERS STATE BANK AT MED. LAKE CLOSED

Last Wednesday the Farmers State Bank suspended active business for the purpose of re-adjustment of some of its affairs and other matters pertaining thereto. It will probably take a few days before matters will be completed for the resumption of business. This is not an unusual occurrence with banks and other business concerns, when a re-adjustment of business affairs in detail is deemed necessary.β€”Medicine Lake Wave.


Article from The Producers News, October 17, 1924

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Article Text

Of course, all the farmers and workers will be strong for Marcus Olson of Medicine Lake for Sheriff on the Republican ticket, now that he is getting on to the banking game through his job as Receiver of the Farmers State Bank of Medicine Lake. By January 1st, Marcus will be well in-formed on how to go out and grab the crops and chattels of the poor farmer and chase him off the place when instructed to do so by the bankers. Marcus Olson will be a law enforcement officer if elected. Especially when that law is to the bankers' and mortgage holders benefit, and the bankers have a little way all of their own about interpreting the law when it comes to collections. Yes the farmers will be strong for Banker Olson for Sheriff on November 4th.


Article from The Producers News, February 20, 1925

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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. RODERICK McGREGOR, Plaintiff, versus EDDIE HJORT and LOTTIE HJORT, his wife, FARMERS STATE BANK, Medicine Lake, Montana, a corporation, and S. O. SWENSON and M. M. OLSON, Receivers of said Bank, Defendants.

To be sold at Sheriff's Sale, on the 28th day of February, 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: Beginning at a point the Northwest corner of Section Thirty (30) Township Thirty-two (32), Range Fifty-


Article from The Producers News, May 15, 1925

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Article Text

E. W. WILCOX, Plaintiff, VS. HUBERT L. WILLETT also known as HERB L. WILLET and HERB. L. WILLETT, E. J. LANDER & CO., a corporation, AAGE TH. LARSEN, KRISTINE LARSEN, THE FARMERS STATE BANK, Medicine Lake, Montana, a corporation, S. O. SWENSON, also known as C. O. SWENSON, MRS. S. O. SWENSON, also known as MRS. C. O. SWENSON, STATE DEPOS- IT BANK, Minneapolis, Minnesota, a corporation, and MARK OLSON, Receiver of the Farmers State Bank, Medicine Lake. Montana, De- fendants.

To be sold at sheriff's sale at the front door of the court house in Plentywood, Montana, on the 29th day of May, 1925, at the hour of two o'clock P. M., the following described real property: The Northeast quarter (NEΒΌ) of Section twenty-three (23) in Township thirty-four (34) North of Range fifty-seven (57) East of the Montana Principal Meridian, Montana, containing 160 acres, more or less, according to the United States Government survey therof, together with all the hereditaments and appurtenances thereunto belonging or in anywise appertaining. Dated May 7th, 1925.

RODNEY SALISBURY, Sheriff. By VIGGO PETERSEN, Deputy Sheriff.


Article from The Producers News, March 12, 1926

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Article Text

THE SUPREME LODGE OF THE SONS OF NORWAY, a corporation, Plaintiff,

vs.

JACOB BERG, EMMA BERG, his wife, FARMERS STATE BANK, a corpora- tion, of Medicine Lake, Montana, and M. M. OLSON, as Receiver of Farm- ers State Bank, a corporation, of Medicine Lake, Montana, Defendants. To be sold at Sheriff's Sale, on the 3rd day of April, 1926, at the hour of Two (2) o'clock P. M., of said day, at the front door of the Sheridan County Court House, in the City of Plentywood,


Article from The Producers News, March 19, 1926

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Article Text

JACOB BERG, EMMA BERG, his wife, FARMERS STATE BANK, a corpora- tion, of Medicine Lake, Montana, and M. M. OLSON, as Receiver of Farm- ers State Bank, a corporation, of Medicine Lake, Montana, Defendants.

To be sold at Sheriff's Sale, on the 3rd day of April, 1926, at the hour of Two (2) o'clock P. M., of said day, at the front door of the Sheridan County Court House, in the City of Plentywood,


Article from The Producers News, October 21, 1927

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Article Text

GEORGE FORTUNE, Plaintiff,

versus FERDINAND HUETH and AUGUSTE HUETH, his wife; FARMERS STATE BANK, MEDICINE LAKE, MONTANA, a corporation; and Fred Ibsen, receiver thereof; MIDLAND NATIONAL BANK, MINNEAPOLIS, a corporation, and W. S. DAVIDSON, Defendants.

TO BE SOLD AT SHERIFF'S SALE on the 12th day of November, 1927, at the front (south) door of the County Court House at Plentywood, Sheridan County, Montana, at the hour of two (2) o'clock p. m. of said day, all the right, title, claim and interest of the said defendants, Ferdinand Auguste Hueth, his wife, in and to the following described real property, situate in the County of Sheridan and State of Montana, to-wit:

The southwest quarter (SWΒΌ) of Section twenty-four (24), Township thirty-four (34) North, Range fifty-seven (57) East of the Montana Meridian, containing one hund-


Article from The Producers News, October 28, 1927

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Article Text

GEORGE FORTUNE, Plaintiff, versus FERDINAND HUETH and AUG- USTE HUETH, his wife; FARM- ERS STATE BANK, MEDICINE LAKE, MONTANA, a corporation; and Fred Ibsen, receiver thereof; MIDLAND NATIONAL BANK, MINNEAPOLIS, a corporation, and W. S DAVIDSON, Defendants.

TO BE SOLD AT SHERIFF'S SALE on the 12th day of November,


Article from The Producers News, November 4, 1927

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Article Text

GEORGE FORTUNE, Plaintiff, versus FERDINAND HUETH and AUGUSTE HUETH, his wife; FARMERS STATE BANK, MEDICINE LAKE, MONTANA, a corporation; and Fred Ibsen, receiver thereof; MIDLAND NATIONAL BANK, MINNEAPOLIS, a corporation, and W. S. DAVIDSON, Defendants.

TO BE SOLD AT SHERIFF'S SALE

SALE on the 12th day of November, 1927, at the front (south) door of the County Court House at Plentywood, Sheridan County, Montana, at the hour of two (2) o'clock p. m. of said day, all the right, title, claim and interest of the said defendants, Ferdinand Hueth and Auguste Hueth, his wife, in and to the following described real property, situate in the County of Sheridan and State of Montana, to-wit:

The southwest quarter (SWΒΌ) of Section twenty-four (24), Township thirty-four (34) North, Range fifty-seven (57) East of the Montana Meridian, containing one hundred sixty (160) acres, more or less, according to the United States Government survey thereof. Dated this 19th day of October, 1927.

RODNEY SALISBURY, Sheriff of Sheridan County, Mont. By ROBERT ROBKE, Under-Sheriff. First publication, October 21, 1927. Last publication November 11, 1927. HOWARD M. LEWIS, Esquire, Plentywood, Montana. Attorney for Plaintiff. 29-t4


Article from The Producers News, November 11, 1927

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GEORGE FORTUNE, Plaintiff, versus FERDINAND HUETH and AUGUSTE HUETH, his wife; FARMERS STATE BANK, MEDICINE LAKE, MONTANA, a corporation; and Fred Ibsen, receiver thereof; MIDLAND NATIONAL BANK, MINNEAPOLIS, a corporation, and W. S. DAVIDSON, Defendants.

### TO BE SOLD AT SHERIFF'S SALE

SALE on the 12th day of November, 1927, at the front (south) door of the County Court House at Plentywood, Sheridan County, Montana, at the hour of two (2) o'clock p. m. of said day, all the right, title, claim and interest of the said defendants, Ferdinand Hueth and Auguste Hueth, his wife, in and to the following described real property, situate in the County of Sheridan and State of Montana, to-wit:

The southwest quarter (SWΒΌ) of Section twenty-four (24), Township thirty-four (34) North, Range fifty-seven (57) East of the Montana Meridian, containing one hundred sixty (160) acres, more or less, according to the United States Government survey thereof. Dated this 19th day of October, 1927.

RODNEY SALISBURY, Sheriff of Sheridan County, Mont. By ROBERT ROBKE, Under-Sheriff. First publication, October 21, 1927. Last publication November 11, 1927. HOWARD M. LEWIS, Esquire, Plentywood, Montana. Attorney for Plaintiff. 29-t4


Article from Plentywood Herald, August 8, 1929

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Article Text

NORTHWESTERN STATE BANK, GRENORA, NORTH DAKOTA, A Banking Corporation, Plaintiff, Verses CHRIST IBSEN and SEVERINE IB- SEN, his wife; MRS. OSCAR BER- GAN; HAROLD BORG; FARM- ERS STATE BANK OF MED- ICINE LAKE, an insolvent bank- ing corporation, and FRED IB- SEN, the receiver thereof; PATH- MAN-SCHREIBER MERCANTILE COMPANY, a corporation, and H. G. SCHREIBER, agent thereof; STATE BANK OF GRENORA