Wibaux County Bank (Wibaux, MT)

Episode Information

Episode UID
93024371483
Episode Type
Suspension → Closure
Bank Type
state
Bank ID
9302437 routing
Routing Number
93-0243
Start Date
July 19, 1923
Location
Wibaux, Montana (46.985, -104.188)

Metadata

Model
gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
c42e548ef5f0b701

Response Measures

None

Description

Judge-appointed receiver placed the bank in receivership; subsequent court-ordered audit involves this bank and First State Bank.

Events (3)
1. July 19, 1923 Receivership
Newspaper Excerpt
confirmed the appointment of Mr. Schaffer as the Receiver for the Wibaux County Bank. Mr. Ritz who has been in charge for the State Department has been relieved and Mr. Schaffer is now in charge.
Source
newspapers
2. July 19, 1923 Suspension
Cause
Government Action
Cause Details
Judge appointed a receiver and the State Department relieved the prior in-charge, effectively suspending normal operations.
Newspaper Excerpt
Judge F. P. Leiper ... confirmed the appointment of Mr. Schaffer as the Receiver for the Wibaux County Bank.
Source
newspapers
3. October 12, 1923 Other
Newspaper Excerpt
Judge F. P. Leiper has made an order directing the receiver of the Wibaux county bank to 'permit such public accountant ... to make an examination and audit of all books, accounts, papers, securities ... which are in the receiver's possession'.
Source
newspapers

Newspaper Articles (2)
1. July 19, 1923 Ranger-Review Glendive, MT
Article from Ranger-Review, July 19, 1923

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Article Text

JUDGE APPOINTS BANK RECEIVER Judge F. P. Leiper came down this week from Glendive and confirmed the appointment of Mr. Schaffer as the Receiver for the Wibaux County Bank. Mr. Ritz who has been in charge for the State Department has been relieved and Mr. Schaffer is now in charge. It is understood that the policy of the bank will be conducted along conservative lines and attempts will be made to work out the financial tangle as careful as possible. It is also stated that there is enough good paper the interest of which is sufficient to carry along this institution; and predictions are made that it is quite possible for the depositors to get their money in full but it will all take time.—Wibaux Pioneer-Gazette. The J. A. Loken and Carl Oland families left yesterday for a two weeks' trip to Yellowstone National Park and will visit other points in the western part of the state.—Sidney Herald.

2. October 12, 1923 The Montana Record-Herald Helena, MT
Article from The Montana Record-Herald, October 12, 1923

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Article Text

Court Orders Bank Receiver to Permit Inspection of Books Special to The Record-Herald. WIBAUX, Oct. 12.—On application of County Attorney Seth Manning, Judge F. P. Leiper has made an order directing the receiver of the Wibaux county bank to "permit such public accountant as may be designated by the county attorney of Wibaux county to make an examination and audit of all books, accounts, papers, securities and any and all matters of every kind and nature which are in the receiver's possession, custody and control, and which have to do in any wise with the affairs of either the Wibaux county bank or the First State bank of Wibaux. Such examination must be made in the place of business of the Wibaux county bank.