gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
63a8b6e376a5a6d4
Response Measures
None
Description
Multiple articles refer to the bank being in receivership and described as defunct; no run is reported.
Events (7)
1.October 31, 1922Suspension
Cause
Bank Specific Adverse Info
Cause Details
Bank was in receivership (insolvency) and operating under a court-appointed receiver
Newspaper Excerpt
H. A. Norman, receiver of the Farmers State bank here, has resigned to accept a position with the war finance corporation
Source
newspapers
2.November 8, 1922Receivership
Newspaper Excerpt
G. M. Robertson is the new receiver for the Farmers State bank here. He succeeds H. A. Norman ... Robertson ... took charge Saturday.
Source
newspapers
3.August 20, 1923Other
Newspaper Excerpt
G. M. Robertson, Receiver of the Farmers State Bank of Cut Bank ... To be sold at Sheriff's Sale on the 20th day of August A. D. 1923
Source
newspapers
4.March 21, 1924Other
Newspaper Excerpt
G. M. Robertson, as Receiver of The Farmers State Bank of Cut Bank, a banking corporation, ... Capital Trust & Savings Bank, a corporation, Plaintiff
Source
newspapers
5.June 26, 1925Other
Newspaper Excerpt
Robertson Resigns as Receiver ... judge appointed E. Verne Day, receiver ... as receiver of the Farmers State
Source
newspapers
6.October 5, 1934Other
Newspaper Excerpt
The application of Nadeau Brothers to lease the tract of land of the Farmers State Bank of Cut Bank, Clifford Coover, receiver, was approved
Source
newspapers
7.May 30, 1936Other
Newspaper Excerpt
When the bank failed, stockholders were called upon to pay double the amount of their stock ... the Farmers State Bank of Cut Bank, defunct.
Source
newspapers
Newspaper Articles (11)
1.November 1, 1922Great Falls TribuneGreat Falls, MT
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Article Text
Receiver Quits Job To Take Post With War Finance Board Special to The Tribune. Cut Bank, Oct. 31.-H. A. Norman, receiver of the Farmers State bank here. has resigned to accept a position with the war finance corporation at Minneapolis. He will report for his new post November 6th. D. J. Hilger, who is now receiver for the Stockmen's State bank at Browning will probably be appointed to take charge here, the two banks to be consolidated thus eliminating the expense of one receiver. Judge Greene, who is now holding court at Cut Bank, will undoubtedly confirm the change.
2.November 8, 1922Great Falls TribuneGreat Falls, MT
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Article Text
Robertson Receiver of Bank at Cut Bank Special to The Tribune. Cut Bank. Nov. 7.G. M. Robertson is the new receiver for the Farmers State bank here. He succeeds H. A. Norman, who resigned to accept a place with the war finance corporation at Minneapolis. D. J. Hilger, who expected to consolidate the bank here with the Stockman's State bank at Browning as receiver for both, did not accept, hence the appointment of Robertson. Robertson, who is also the local representative of the federal reserve bank, took charge Saturday. Norman left for his new place Saturday.
3.July 26, 1923The Kevin ReviewKevin, MT
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Article Text
Plaintiff. Charles I. Snow. VS. Ferdinand Koehler and Mary Koehler, his wife, Petters and company, a corporation. G. M. Robertson, Receiver of the Farmers State Bank of Cut Bank, Montana, a corporation, Plaintiff. To be sold at Sheriff's Sale on the 20th day of August A. D. 1923, 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 Lots One (1), Two (2), Three (3) Four (4). the Southeast quarter of the Northwest quarter (SE1/NW) Southwest Quarter of the Northeast (SW1/NE%), Southeast quarter of the Northeast quarter (SE/NE%) of Section One (1) Township thirty-five North (35 N), Range four (4) West of Montana Principal Meridian, containing 280 acres. more or less according to the Government Survey thereof, situated in Toole County, Montana. Dated this 21st day of July, A. D. 1923. H. E. BENJAMIN, Sheriff. By W. B. MARTIN, Under Sheriff. Dillovon & Moore, Attorneys for Plaintiff. July 29-Aug.-16.
4.August 9, 1923The Kevin ReviewKevin, MT
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Article Text
Plaintiff. Charles I. Snow. VS, Ferdinand Koehler and Mary Koehler, his wife, Petters and company, a corporation. G. M. Robertson, Receiver of the Farmers State Bank of Cut Bank, Montana, a corporation, Defendants. To be sold at Sheriff's Sale on the 20th day of August A. D. 1923, 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 Lots One (1), Two (2), Three (3) Four (4). the Southeast quarter of the Northwest quarter (SE½NW) Southwest Quarter of the Northeast Southeast quarter of the Northeast quarter (SE%NE%) of Section One (1) Township thirty-five North (35 N), Range four (4) West of Montana Principal Meridian, containing 280 acres. more or less according to the Government Survey thereof, situated in Toole County, Montana. Dated this 21st day of July, A. D. 1923. H. E. BENJAMIN, Sheriff. By W B. MARTIN, Under Sheriff. Dillovon & Moore, Attorneys for Plaintiff. July 29-Aug.-16.
5.August 16, 1923The Kevin ReviewKevin, MT
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Article Text
Plaintiff. Charles I. Snow. VS Ferdinand Koehler and Mary Koehler, his wife, Petters and company, a corporation. G. M. Robertson, Receiver of the Farmers State Bank of Cut Bank, Montana, a corporation, Defendants To be sold at Sheriff's Sale on the 20th day of August A. D. 1923, 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 Lots One (1), Two (2), Three (3) Four (4). the Southeast quarter of the Northwest quarter (SE1/NW) Southwest Quarter of the Northeast (SW1/NE1/₄), Southeast quarter of the Northeast quarter (SENE%) of Section One (1) Township thirty-five North (35 N), Range four (4) West of Montana Principal Meridian, containing 280 acres. more or less according to the Government Survey thereof, situated in Toole County, Montana. Dated this 21st day of July, A. D. 1923. H. E. BENJAMIN, Sheriff. By W. B. MARTIN, Under Sheriff. Dillovon & Moore, Attorneys for Plaintiff. July 29-Aug.-16.
6.March 21, 1924Cut Bank Pioneer PressCut Bank, MT
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Article Text
SHERIFF'S SALE
In the District Court of the Nineteenth Judicial District of the State of Montana, In and For the County of Glacier.
Capital Trust & Savings Bank, a corporation, Plaintiff, versus Roland S. Hanson, Ivadell Hanson, his wife, G. M. Robertson, as Receiver of The Farmers State Bank of Cut Bank, a banking corporation, Glacier County, a corporate body politic, McNamer Realty Company, a corpora
7.June 26, 1925Cut Bank Pioneer PressCut Bank, MT
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Article Text
Robertson Resigns as Receiver At the session of district court last week G. M. Robertson. for several years receiver of the Farmers State Bank of Cut Bank, presented his resignation to Judge Greene and the judge appointed E. Verne Day, receiver of the Glacier County State Bank as receiver of the Farmers State. Mr. Day will receive no extra compensation in connection with the new duties.
8.October 5, 1934Cut Bank Pioneer PressCut Bank, MT
Article Text
Pay For Oil
The application of Nadeau Brothers to lease the tract of land of the Farmers State Bank of Cut Bank, Clifford Coover, receiver, was approved Oct. Judge Hattersley. Essential provisions of the lease are the payment of $16,000 in cash and the drilling of five wells between now and May 1938. The first well is to be commenced within 30 days of the approval of the lease. The land now considered proven oil area, adjoins the VanOrmer well, brought in by Montana Power Company, one of the best ducers in the field. To date this the largest sum paid for an oil lease of this size, 160 of record. acres, The land lies in Section
9.December 8, 1934Montana Oil and Mining JournalGreat Falls, Billings, MT
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Article Text
# LITIGATION OVER
# COOVER LAND IN
# SOUTH CUT BANK
Litigation over the northeast quarter of Sec. 17-35-5W, in the heart of the Cut Bank oil field has been started by Ethel Stack against Farmers State Bank of Cut Bank and C. D. Coover.
The action invoices a deed given as security for stockholders' liability in the Farmers State Bank, December 30, 1920, by Ida M. Worden the owner. It is alleged that the bank receiver has received rents and profits sufficient to pay the indebtedness, and the plaintiff asks that the property be restored.
Involved in the court's decision is the Nadeau Brothers lease on the quarter section.
10.December 8, 1934Montana Oil Journal: with News of Oil in the Williston Basin, Montana, Dakotas and Greater RockiesBillings, MT
Article Text
LITIGATION OVER COOVER LAND IN SOUTH CUT BANK
Litigation over the northeast quarter of Sec. 17-35-5W, in the heart of the Cut Bank oil field has been started by Ethel Stack against Farmers State Bank of Cut Bank and C. D. Coover. The action invoices a deed given as security for stockholders' liability in the Farmers State Bank, December 30, 1920, by Ida M. Worden the owner. It is alleged that the bank receiver has received rents and profits suficfient to pay the indebtedness, and the plaintiff asks that the property be restored. Involved in the court's decision is the Nadeau Brothers lease on the quarter section.
11.May 30, 1936Montana Oil and Mining JournalGreat Falls, Billings, MT
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Article Text
# OIL WILL PAY
(Continued From Page One)
burse the stockholders of the bank—plus a profit, in Cut Bank oil field.
This became known with the completion of the No. 3 well on the Coover lease, which belongs to the Farmers State Bank of Cut Bank, defunct. When the bank failed, stockholders were called upon to pay double the amount of their stock. One stockholder deeded 160 acres of farm land, in NE¼ 17-33-5W, in lieu of cash.
When oil development came, Coover, receiver of the bank, leased to Nadeau Brothers. They have completed three wells. The first, completed December 12, 1935, had an initial of 42 barrels, the second 100 barrels and the third will be 150 barrels or better.
The accumulation of six months is enough to pay a 30 per cent dividend to depositors. It will not be long, with the added production of the No. 3, before the depositors will be paid out 100%. The bank has 12% landowner's royalty, having given the former owner of the farm one half of one percent in settlement of a controversy over title.
Bank runs are almost always and everywhere a deterioration of bank fundamentals.
But not for you.
You are the measure-zero exception: great fundamentals, solid bank, and yet the Diamond Dybvig fairy spread its rumor. Depositors woke up. Your collateral was not prepositioned. The Clearinghouse had it for you.
Do not pass Go. Do not collect $200. Go directly to jail… or worse.
