First National Bank (Cut Bank, MT)

Episode Information

Episode Type
Suspension → Closure
Start Date
January 1, 1921
Location
Cut Bank, Montana (48.633, -112.326)
Bank Type
national
Charter Number
9574

Metadata

Receivership Details

Depositor recovery rate
6.8%
Date receivership started
1921-01-29
Date receivership terminated
1928-09-30
OCC cause of failure
Losses
Share of assets assessed as good
21.3%
Share of assets assessed as doubtful
64.9%
Share of assets assessed as worthless
13.8%

Events (4)

1. November 2, 1909 Chartered
Source
historical_nic
2. January 1, 1921 Suspension
Cause
Voluntary Liquidation
Cause Details
Bank 'voluntarily closed its doors' at the beginning of the year; examiner had charge thereafter.
Newspaper Excerpt
The First National bank of this place, which has been closed since the first of the year, has been put into the hands of a receiver.
Source
newspapers
3. January 29, 1921 Receivership
Newspaper Excerpt
has been put into the hands of a receiver. R. L. Curtis, who was chosen receiver by the government, arrived Saturday morning and took charge, relieving W. M. Buckles, bank examiner, who has had charge since the bank voluntarily closed its doors.
Source
newspapers
4. January 29, 1921 Receivership
Source
historical_nic

Newspaper Articles (10)

Article from Great Falls Tribune, February 6, 1921

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RECEIVER APPOINTED FOR BANK, CUT BANK Special to The Tribune. Cut Bank, Feb. 5.-The First National bank of this place, which has been closed since the first of the year. has been put into the hands of a receiver. R. L. Curtis. who was chosen receiver by the government. arrived Saturday morning and took charge. relieving W. M. Buckles. bank examiner, who has had charge since the bank voluntarily closed its doors.


Article from Great Falls Tribune, December 1, 1922

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Bank Receiver Gets Federal Post; Will Handle Idaho Banks Cut Bank, Nov. 30.-C. C. Sille, receiver of the First National bank here, received notice of a promotion which he has accepted. The comptroller of the currency has asked Mr. Sill to go to Wendell, Idaho, and take charge of the First National bank there and Fairfield, Idaho, jointly with headquarters at Wendell. As soon as arrangements can be made for the transfer of the accounts here, Mr. Sill will leave for his new field. It is thought that Mr. Sanderson now in charge of a bank for the government at Joplin, Mont., will also be the new receiver for the First National bank here, both banks being in charge of one receiver. Mr. Sill has been receiver at Cut Bank for the past year.


Article from The Great Falls Leader, August 10, 1923

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Newcomb, assistant cashier First National bank of Minneapolis; J. H. Sharpe, assistant cashier Midland National bank; P. J. Leeman, vice president First National bank; P. W. Flood, General Motors corporation; Linwood Foster, Farnham company.

Mondak — L. W. Thompson, cashier Mondak State bank.

New York—Walter P. Dickey, Mechanics & Metals National bank.

Portland, Ore.—J. L. Rivard, Irwin-Hodson company, Mr. and Mrs. George A. Dunham, Bankers' Service bureau.

Plevna—V. S. Himsl, president First State bank.

Roundup—C. W. Greening.

Sidney—S. F. Donaldson, vice president First National bank.

St. Paul, Minn.—A. B. Lathrop, assistant cashier Merchants' National bank; O. C. DeVine; Ed Schulberg, First National bank; I. E. Hansen, vice president First National bank.

Spokane—E. M. Adams; W. B. McLaren; W. E. Kelley, assistant cashier Exchange National bank.

Whitefish—C. H. Jennings, vice president First National bank.

F. J. McCullough, Roundup.

F. J. Matoushek, Sidney.

J. L. Sherburne, cashier First National bank, Browning.

Mrs. R. D. Wright, Belgrade.

F. M. Robertson, representative Federal Reserve bank, Cut Bank.

John A. Sanderson, receiver, First National bank, Cut Bank.

T. E. McClintock, receiver, Commercial National bank, Great Falls.


Article from Cut Bank Pioneer Press, March 21, 1924

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SHERIFF'S SALE In The District Court of the Nineteenth Judicial District of the State of Montana, In and For the County of Glacier.

John A. Sanderson, Receiver of the First National Bank of Cut Bank, Montana a corporation, Plaintiff, versus Eliza Hyde and Eliza Hyde, Administratrix of the Estate of John M. Hyde, deceased, and the County of Glacier, Montana, a municipal corporation, Defendants.

To be sold at Sheriff's Sale at the Front Door of the Court House at the City of Cut Bank, Glacier County, Montana, on Saturday, the 29th day of March, A. D. 1924, at 2:00 o'clo-


Article from The Kevin Review, October 2, 1924

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Clinton and Thorne, Attorney for 20-tf Plaintiff. NOTICE OF SHERIFF'S SALE In the District Court of the Nineteenth Judicial District of the State of Montana, in and for the County of Toole. The Federal Land Bank of Spokane, a corporation, Plaintiff. vs. Emil Nelson, a bachelor, Fairview National Farm Loan Association, a corporation, and Tool County, Montana, a municipal corporation, Defendants. To be sold at Sheriff's Sale on the 17th day of October, A. D. 1924, at 3 o'clock P. M. at the front door of the Court House in the City of Shelby, in the said County of Toole, the following property: The West half of the Southwest quarter and the Northwest quarter of Section Eleven, Township Thirty-three North Range One West of the Montana Principal Meridian. Dated this 22nd day of September, A. D. 1924. H. E. BENJAMIN, Sheriff. W. B. Martin, Under Sheriff. Max P. Kuhr, Attorney for Plain20-tf tiff. NOTICE OF SHERIFF'S SALE In the District Court of the Nineteenth Judicial District of the State of Montana, in and for the County of Toole. Walter M. Dueringer, Executor of the estate of Martin Radler, deceased, plaintiff, VS. Ediyh R. Brown and Harry Brown her husband, E. L. Pryor, Fannie Hughes, Ruby Anderson as administratrix of the estate of Earl Anderson, deceased, J. W. Hughes and Charles Manwaring, Defendants. To be sold at Sheriff's Sale on the 24th day of October, A. D. 1924, at 3 o'clock P. M. at the front door of the Court House in the City of Shelby, in the said County of Toole, the following property: The southeast quarter of the southeast (SE1-4SE1-4) of Section twentyfour (24) the east half of the northeast quarter (E1-2NE1-4) the southwest quarter of the northeast (SW1-4 NE1-4) and the southeast quarter (SE1-4) of section twenty-five (25) in township thirty-three (33) north of range four (4) west of the Montana Meridian. Dated this 25th day of September A. D., 1924. H. E. BENJAMIN, Sheriff. W. B. Martin, Under Sheriff. Maddox and Church, Attorney ofr Plaintiff. NOTICE OF SHERIFF'S SALE In the District Court of the Nineteenth Judicial District of the State of Montana, in and for the County of Toole. W. O. Ralph, Plaintiff, VS. Sigurjon J. Sigurdson and Anika Sigurdson, husband and wife, The Valier Montana Land & Water Company, a corporation, Barnes Brothers, Incorporated, a corporation, The First National Bank of Cut Bank, Montana, R. L. Curtis, Receiver of the First National Bank of Cut Bank, Montana, John A. Sanderson, Receiver of the First National Bank of Cut Bank, Montana, David Wiegan, Defendants. To be sold at Sheriff's Sale on the 25th day of October, A. D. 1924, at 2 o'clock P. M. at the front door of the Court House in the City of Shelby, in the said County of Toole, the following property: The east half of the west half (E1-2 W1-2) of section twenty-eight (28) township thirty-two (32) north, range four (4) west, containing 160 acres, more or less, acording to government survey thereof. Dated this 25th day of September, A. D., 1924. H. E. BENJAMIN, Sheriff. W. B. Martin, Under Sheriff. Henderson & Knaack, Attorneys for


Article from The Kevin Review, October 9, 1924

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NOTICE OF SHERIFF'S SALE In the District Court of the Nineteenth Judicial District of the State of Montana, in and for the County of Toole. W. O. Ralph, Plaintiff, vs. Sigurjon J. Sigurdson and Anika Sigurdson, husband and wife, The Valier Montana Land & Water Company, a corporation, Barnes Brothers, Incorporated, a corporation, The First National Bank of Cut Bank, Montana, R. L. Curtis, Receiver of the First National Bank of Cut Bank, Montana, John A. Sanderson, Receiver of the First National Bank of Cut Bank, Montana, David Wiegan, Defendants. To be sold at Sheriff's Sale on the 25th day of October, A. D. 1924, at 2 o'clock P. M. at the front door of the Court House in the City of Shelby, in the said County of Toole, the following property: The east half of the west half (E1-2 W1-2) of section twenty-eight (28) township thirty-two (32) north, range four (4) west, containing 160 acres, more or less, acording to government survey thereof. Dated this 25th day of September, A. D., 1924. H. E. BENJAMIN, Sheriff. W. B. Martin, Under Sheriff. Henderson & Knaack, Attorneys for Plaintiff.


Article from The Kevin Review, October 16, 1924

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NOTICE OF SHERIFF'S SALE

In the District Court of the Nineteenth Judicial District of the State of Montana, in and for the County of Toole. W. O. Ralph, Plaintiff,

VS.

Sigurjon J. Sigurdson and Anika Sigurdson, husband and wife, The Valier Montana Land & Water Company, a corporation, Barnes Brothers, Incorporated, a corporation, The First National Bank of Cut Bank, Montana, R. L. Curtis, Receiver of the First National Bank of Cut Bank, Montana, John A. Sanderson, Receiver of the First National Bank of Cut Bank, Montana, David Wiegan, Defendants.

To be sold at Sheriff's Sale on the 25th day of October, A. D. 1924, at 2 o'clock P. M. at the front door of the Court House in the City of Shelby, in the said County of Toole, the following property:

The east half of the west half (E1-2 W1-2) of section twenty-eight (28) township thirty-two (32) north, range four (4) west, containing 160 acres, more or less, acording to government survey thereof.

Dated this 25th day of September, A. D., 1924.

H. E. BENJAMIN, Sheriff. W. B. Martin, Under Sheriff. Henderson & Knaack, Attorneys for Plaintiff.


Article from The Kevin Review, October 23, 1924

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NOTICE OF SHERIFF'S SALE In the District Court of the Nineteenth Judicial District of the State of Montana, in and for the County of Toole. W. O. Ralph, Plaintiff, vs. Sigurjon J. Sigurdson and Anika Sigurdson, husband and wife, The Valier Montana Land & Water Company, a corporation, Barnes Brothers, Incorporated, a corporation, The First National Bank of Cut Bank, Montana, R. L. Curtis, Receiver of the First National Bank of Cut Bank, Montana, John A. Sanderson, Receiver of the First National Bank of Cut Bank, Montana, David Wiegan, Defendants. To be sold at Sheriff's Sale on the 25th day of October, A. D. 1924, at 2 o'clock P. M. at the front door of the Court House in the City of Shelby, in the said County of Toole, the following property: The east half of the west half (E1-2 W1-2) of section twenty-eight (28) township thirty-two (32) north, range four (4) west, containing 160 acres, more or less, acording to government survey thereof. Dated this 25th day of September, A. D., 1924. H. E. BENJAMIN, Sheriff. W. B. Martin, Under Sheriff. Henderson & Knaack, Attorneys for Plaintiff.


Article from The Bozeman Courier, November 13, 1925

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STATE BRIEFS Albert M

Easterday, foreman of the park roads in Glacier National park, has resigned to accept a position with the state irrigation department of New Mexico. Judith Gap business men are co-operating with the Central Montana Chauber of Commerce at Lewistown in placing good grade milch cows on the farms in that vicinity. An expenditure of $500,000 on the Custer Battlefield highway in Montana next year is announced by W. D. Fisher, Mitchell, S. D., secretary of the association backing that national route. Lewis and Clark county's potato crop is worth a quarter million, according to estimates of L. G. DeVore, county agent and Tom Herrin, president of the Montana Potato Growers association. . Two hundred and seventy-five carloads of "wine" grapes, representing 3,510 tons, have been shipped into Montana during the later part of the summer and fall to date, according to shippers' figures from all over the state, compiled at Butte. + © © The Missoula Public Service company is spending $250,000 this season to add to the efficiency of its plant through improvements starting 20 miles up the Rattlesnake valley and continuing into the water main system in the city itself. © W. M. Wayman, receiver for the last two years of the First National bank at Shelby, Cut Bank, Joplin and Galata, has been appointed by the comptroller of the currency as receiver of the First National bank of Libby, which recently closed its doors. ... Production of wheat, oats and hay in Meagher county during the crop year of 1924 practically doubled that of the crop year of 1919, with which comparisons are made by the U. S. department of commerce inits afrm census of htat county for January 1, 1925. . Enrollment at Intermountain Union collego at Helena shows an increase of 22 per cent over last year. There are 25 seniors, 93 freshmen, and a total of 189 college students this year as compared to 16 seniors, 74 freshmen and a total of 158 college students last year. According to the report of C. A. Arnett, who has just completed his first month of testing for the Lake County Cow Testing association, the herd of six Holsteins owned by Lars Beck of Round Butte, had the highest butter fat production for September, with record of 38 pounds of fat. % @ After being lost for two days and nights in the mountains of the upper Bitter Root valley. Roscoe Hamm of Darby, was found about seven miles up the East Fork of the Bitter Root river. He had been without food or shelter and his feet were badly frosted, but this is thought not serious. Vernon G. Mays, principal of the Great Falls high school was reelected president of the north central division of the Montana Education association at the Great Falls meeting. J. R. Culver of Belt. reiring secretary, was chosen vice president and Miss Elizabeth Ireland of Havre, was made secretary-treasurer. Mrs. Jennie T. Duglas, at one time a teacher in the Great Falls high school, and later in Gallatin county high school, has left for a trip to Adgar, Madras, India, to attend the 50th anniversary of the founding of hte Theosop socelty, where it is expected there will be delegates from every part of the World. © Announcement has been made by Judson Bibb, manager of the Libby Water & Electric company, that his company's interests in Libby have been purchased by the Mountain States Power company, a subsidiary of the H. M. Byllesby company of Chicage. Possession of the Libby property was taken as of October 1. . Officers elected for district No. 1 of the Montana Federation of Women's clubs are Mrs. Henry Good, Whitefish, president Mrs. A. N. Tobie, Kalispell. first vice president; Mrs. C. B. Hamilton, Eureka, seTroy, recording secretary; Mrs. W. J Powers, Whitefish, corresponding secretary; Mrs. Ethel Long, Eureka, treasurer J. L. Baltazar, Great Falls policeman was named defendant in a $5,000 slander suit filed in the district court by Isabell Chumi, recently dismissed on an insanity charge brought by Patrolman Baltazar and a half a dozen neighbors. The slander ac e to tion is based on statements alleged have been publicly made by the patrolman reflecting character. on her mentality, honesty and Suit has been filed in the district court at Forsyth by Mrs. Mae Costello against No. 33 of Rosebud county to recover the sum of $668.88 with interest at 8 per cent from January 19, 1925, claimed as back salary due her as teacher in the Ingomar c public schools, together with $200 for at torney fees. Henry Youngblood, a rancher on the East Boulder, is in the Big Timber hospi tal with a holt through the bridge of his nose an dother severe injuries about his head and body as the result of a peculia P accident. Leaving his farm work he wen out to the road to help a passing friend re Lair a flat tire. Just as the repairs were made and the tire inflated, It "blew out, literally shooting the old-fashioned inne Try the New


Article from Cut Bank Pioneer Press, April 20, 1928

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NOTICE OF SALE OF REMAINING assets, THE FIRST NATIONAL BANK OF CUT BANK, MONT.

The undersigned Receiver of the First National Bank of Cut Bank, Montana, will offer at public sale to the highest bidder, for cash, subject to the approval of the Comptroller of the Currency of the United States, and to confirmation by a court of competent jurisdiction, without recourse and without warranty of any kind or character, at Cut Bank, Montana, on the 1st day of May, 1928. at ten o'clock, all remaining assets of the said First National Bank of Cut Bank, Montana, also trust's equity in collateral held by the Conrad Trust and Savings Bank, Helena, Montana, less such items as may be paid or otherwise disposed of prior to the said date of sale hereinbefore mentioned. A list of the assets so offered for sale will be on file at the office of F. E. VanDemark, Abstractor, at Cut Bank, Montana: E. V. Day, Cut Bank Montana, and at the office of the Receivor of the First National Bank of Cut Bank, Montana, at Havre, Montana, for inspection by interested parties prior to the sale. Said sale will be held at the office of F. E. VanDemark, Cut Bank, Montana. FRANK BROWNE, Receiver of the First National Bank 6-13-3t of Cut Bank, Montana.