Citizens State Bank (Roundup, MT)

Episode Information

Episode Type
Suspension โ†’ Closure
Start Date
October 1, 1924*
Location
Roundup, Montana (46.445, -108.542)
Bank Type
state

Metadata

Notes

Contemporary articles identify a receiver and ongoing receivership; no articles describe a depositor run or later reopening.

Events (2)

1. October 1, 1924* Suspension
Cause
Government Action
Cause Details
Bank placed in receivership (receiver John Oliver) and thus suspended operations.
Newspaper Excerpt
her husband being cashier of the Roundup State bank and receiver of the Citizens State bank.
Source
newspapers
2. January 15, 1925 Receivership
Newspaper Excerpt
The receivership of the Citizens State Bank of Roundup was somewhat in the air a week ago ... Judge Horkan removed Receiver Oliver and named in his stead Henry Thien ... Judge Jeffries ... reinstate Receiver Oliver. It is understood the receiver of the Citizens State will pay a 7 per cent dividend to depositors in the near future.
Source
newspapers

Newspaper Articles (10)

Article from The Roundup Record, October 24, 1924

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Article Text

MRS. JOHN OLIVER DIES THIS MORNING

SUCCUMBS TO ATTACK OF PNEUMONIA AFTER BRIEF ILLNESS.

The community was deeply shocked this morning by news of the death of Mrs. John Oliver. Death came this morning at 4:30 from pneumonia after an illness of about a week's duration. A distressing feature is the fact that Mr. Oliver, who recently submitted to a minor operation in a hospital at Des Moines, Ia., and is still confined to his bed, was unable to return to his home when Mrs. Oliver's condition became critical, and will probably be unable to attend the funeral.

Mrs. Oliver, who was 47 years of age, had been a resident of Roundup for about a year, having come here from Ekalaka, Mont., and had endeared herself in the hearts of many Roundup people during her brief residence here. Besides her husband, who is cashier of the Roundup State bank and receiver of the Citizens State bank, she is survived by five children, three boys and two girls, her mother, Mrs. F. L. Foster and a sister, Mrs. Foster Cleveland, both of Ekalaka.

Dr. and Mrs. G. A. Baker, the latter a niece of Mrs. Oliver, arrived here at eleven o'clock last night from Hardin, having been summoned when her condition became alarming.

Funeral arrangements have not yet been made, but it is possible the remains will be shipped to the old home at Ekalaka for burial.


Article from The Billings Gazette, October 30, 1924

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Article Text

MRS. JOHN OLIVER DEAD.

Roundup, Oct. 29.โ€”(Special)โ€”Mrs. John Oliver, wife of State Senator John Oliver of Carter county, died here from pneumonia after an illness of about a week. Senator Oliver was in a hospital at Des Moines, Iowa, recovering from a minor operation and could not return to his wife's bedside.

Mrs. Oliver was 47 years of age and had lived in Roundup about a year, her husband being cashier of the Roundup State bank and receiver of the Citizens State bank. Besides her husband, five children survive.


Article from The Kevin Review, November 6, 1924

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Article Text

Mrs. John Oliver Dead

Roundup.-Mrs. John Oliver, wife of State Senator John Oliver of Carter county, died here Oct. 29 from pneumonia after an illness of about a week. Senator Oliver was in a hospital at Des Moines, Iowa, recovering from a minor operation and could not return to his wife's bedside.

Mrs. Oliver was 47 years of age, and had lived in Roundup about a year, her husband being cashier of the Roundup State bank and receiver of the Citizens State bank. Besides her husband, five children survive.


Article from The Circle Banner, November 7, 1924

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Article Text

Mrs. John Oliver Dead

Roundup.-Mrs. John Oliver, wife of State Senator John Oliver of Carter county, died here Oct. 29 from pneumonia after an illness of about a week. Senator Oliver was in a hospital at Des Moines, Iowa, recovering from a minor operation and could not return to his wife's bedside.

Mrs. Oliver was 47 years of age, and had lived in Roundup about a year, her husband being cashier of the Roundup State bank and receiver of the Citizens State bank. Besides her husband, five children survive.


Article from The Sidney Herald, November 7, 1924

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Article Text

Mrs. John Oliver Dead

Roundup.โ€”Mrs. John Oliver, wife of State Senator John Oliver of Carter county, died here Oct. 29 from pneumonia after an illness of about a week. Senator Oliver was in a hospital at Des Moines, Iowa, recovering from a minor operation and could not return to his wife's bedside.

Mrs. Oliver was 47 years of age, and had lived in Roundup about a year, her husband being cashier of the Roundup State bank and receiver of the Citizens State bank. Besides her husband, five children survive.


Article from Ringling Independent, November 8, 1924

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Article Text

Mrs. John Oliver Dead

Roundup.โ€”Mrs. John Oliver, wife of State Senator John Oliver of Carter county, died here Oct. 29 from pneumonia after an illness of about a week. Senator Oliver was in a hospital at Des Moines, Iowa, recovering from a minor operation and could not return to his wife's bedside.

Mrs. Oliver was 47 years of age, and had lived in Roundup about a year, her husband being cashier of the Roundup State bank and receiver of the Citizens State bank. Besides her husband, five children survive.


Article from The Melstone Messenger, January 15, 1925

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Article Text

Receivership Off And On Again

The receivership of the Citizens State Bank of Roundup was somewhat in the air a week ago, but has apparantly settled to its former status. Judge Horkan called a meeting of the various bank receivers of his district, which was held at Forsyth just before the judge turned over the affairs of that office to his successor, Judge Jeffries. At that meeting Judge Horkan removed Receiver Oliver and named in his stead Henry Thien. of Rygate, but before the latter could file the necessary bond, Judge Jeffries had taken office and made it one of his first duties to revoke the Horkan appointment and reinstate Receiver Oliver. It is understood the receiver of the Citizens State will pay a 7 per cent dividend to depositors in the near future.


Article from The Roundup Record, March 20, 1925

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this order be published week for in The Roundup said of day March, D. 1925. (COURT of Court. By F. Deputy Clerk. McNaught, Montana, Attorney for (First 13)

SHERIFF'S SALE NOTICE. The Farm Mortgage Mrs. Edward his any Citiporation: John Receiver of Citizens State Bank of Montana. tion: corporaBoard Hail and O. Chester Davis, and A. Defendants. Sheriff's Sale the 11th day o'clock two the House the City County the highest and best the following described and Musselshell County, and bounded and as folHalf of the North Half Township Ten Range Twenty-six 26) East Principal together with singular and thereunto in anywise taining. apperMarch, Dated. Roundup, Montana. this 18th day of BEAZLEY. Sheriff. Sam Under W. 103 Wall Montana. Attorney for Plaintiff.

NOTICE TO CREDITORS. Notice of John Kostelic. Deceased. the the John deceased, all having exhibit against the said and them publication vouchers, of this after the the first notice, the said Adthe Room 106 Montana, the Pappas McNaught, Block, the being the for place the transaction the said estate John Kostelic the

AUGUST the Estate of John Deceased. Dated March 1925. McNaught, for Administrator. (First March 20)

FRANK PRESHERN. the Estate of Tony Vesel, March for Administrator (First pub. March 20)


Article from Great Falls Tribune, February 13, 1927

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Article Text

ROUNDUP BANK RECEIVER SUED BY N. Y. BANK

Alleges Slayton Note Collected for It, but That Money Not Remitted

Suit to collect $4,997.5 alleged to be due following sale of collateral on promissory note held by the Hanover National bank of the City of New York, was filed in federal district court here Saturday by the New York banking against Irvin Snyder. receiver of the Citizens State bank of Roundup. The complaint asserts that D. W. Slayton of Lavina, Mont borrowed $5,000 from the Citizens bank on De cember 21. 1923, giving 16 shares of the Slayton Mercantile company as security. The note was later transferred to the Hanover National bank and when the Roundup bank went into receivership Slayton's note was returned to the Roundup institution for collection. John Oliver, then receiver of the defunct bank. obtained a judgment $6,228 on the note and at the sheriff sale of collateral purchased the stock for $5,000. Oliver was later succeeded by Snyder as receiver of the Roundup bank but the complaint charges that neither of the officials have turned over the money due the Hanover bank of New York despite frequent demands.


Article from Livingston Enterprise, February 15, 1927

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Article Text

State Briefs

ROUNDUP BANK RECEIVER SUED GREAT FALLS.-Suit to collect $4,997.80, alleged to be due following sale of collateral on a promissory note held by the Hanover National bank of the City of New York, was filed in federal district court here Saturday by the New York banking institution against Irvin Snyder, receiver of the Citizens State bank of Roundup. The complaint asserts that D. W. Slayton of Lavina, Mont., borrowed $5,000 from the Citizens bank on December 21, 1923, giving 16 shares of the Slayton Mercantile company as security. The note was later transferred to the Hanover National bank and when the Roundup bank went into receivership Slayton's note was returned to the Roundup institution for collection. John Oliver, then receiver "of the defunct bank, obtained a judgment of $6,228 on the note and at the sheriff's sale of the collateral purchased the stock for $5,000. Oliver was later succeeded by Snyder as receiver of the Roundup bank but the complaint charges that neither of the officials have turned over the money due the Hanover bank of New York despite frequent demands.

JUDGE FAVORS DIET OF BREAD AND WATER MISSOUL sentenced to several days bread and water diet are more physically fit at the end of their sentence than before, is the opinion of H. C. Kath, police judge. The judge says he has found that to be true through his own observations of men who have been practically physical wrecks at the time of being sentenced to such a diet. He says he has been giving sentences similar to the 10-day sentence given Joe Sutter Thursday ever since last June. "Joe Sutter lifted that $2.50 box of candy and the ehocolate bars from the Robble Drug store Wednesday in order that he might be returned to the county jail," the judge said. "He had justjust been released from the county jall that morning and when brought. in by city officers said that It was better to serve 30 days in the