gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
0bdc449a7e48f264
Response Measures
None
Description
Bank was closed and placed in receivership; later receiver sold assets and paid dividends to former depositors.
Events (4)
1.February 1, 1925*Suspension
Cause
Government Action
Cause Details
Bank closed and a receiver (O. S. Gullickson) was appointed following insolvency.
Newspaper Excerpt
To the Honorable Board... O. S. Gullickson, receiver, Sheridan County State Bank, Plentywood, Montana... County Treasurer's account with Sheridan County State Bank at the time of closing of said bank $7,170.53
Source
newspapers
2.March 1, 1925*Receivership
Newspaper Excerpt
The receiver of the Sheridan County State Bank will accept written offers to purchase the Sheridan County State Bank building... O. S. GULLICKSON, Receiver.
Source
newspapers
3.August 1, 1925*Other
Newspaper Excerpt
His accounts as receiver of the defunct Sheridan County Bank are being audited... Mr. Gullickson was cashier of the Sheridan County Bank which went broke. He was appointed receiver of the defunct bank by Judge Comer, but was recently removed from that position when the receivership of two closed Plentywood banks were consolidated.
Source
newspapers
4.March 1, 1927*Other
Newspaper Excerpt
Fred Ibsen, receiver of the Sheridan County State Bank, has sent out notices to depositors of this insolvent institution declaring a ten per cent dividend, and same to be payable during the month of March, 1927.
Source
newspapers
Newspaper Articles (12)
1.March 20, 1925The Producers NewsPlentywood, MT
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Article Text
REPORT
By the county treasurer of Sheridan county, Montana, upon execution of the instructions of the county commissioners of Sheridan county, as directed in resolution recorded in commissioners minutes book 4, page 264, as resolved at their regular meeting February 3, 1925.
To the Honorable Board of County Commissioners of Sheridan county, and O. S. Gullickson, receiver, Sheridan County State Bank, Plentywood, Montana.
Dear Sirs:
Pursuant to resolu ion of the Honorable Board of County Commissioners referred to above, I beg to report as to the disposition made and cedits entered in the above matter, as follows:
County Treasurer's account with Sheridan County State Bank at the time of closing of said bank $ 7,170.53
Interest on said account from July 1,1923 up to date at the rate of 2½ per cent per annum 423.75
2.April 3, 1925The Producers NewsPlentywood, MT
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Article Text
# FOR SALE
The receiver of the Sheridan County State Bank will accept written offers to purchase the Sheridan County State Bank building and real estate upon which it is situate in Plentywood, Montana, until the 30th day of March 1925.
All of the furniture and fixtures in said bank are also for sale.
O. S. GULLICKSON, Receiver.
3.April 10, 1925The Producers NewsPlentywood, MT
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Article Text
FOR SALE The receiver of the Sheridan County State Bank will accept written offers to purchase the Sheridan County State Bank building and real estate upon which it is situate in Plentywood, Montana, until the 30th day of March 1925. All of the furniture and fixtures in said bank are also for sale. O. S. GULLICKSON, Receiver.
4.August 7, 1925The Producers NewsPlentywood, MT
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Article Text
# Gullickson Gets New Job
# With Continental Oil Co.
Oscar Gullickson, well known ex-banker of Plentywood, was appointed to the position formerly held with the Continental Oil Company by Mr. Lindsay, who is now active head of the Farmers Penn Co. Mr. Gullickson was appointed to the position during the recent undercover visit here of Mr. Landsrud, general division manager of the Continental Oil Company, who is considerably concerned about the inroads the Westland Oil Company is making in this portion of his territory.
Mr. Gullickson will not take up the active duties of his position for some weeks yet. His accounts as receiver of the defunct Sheridan County Bank are being audited and as soon as this work is done he will start on the road in this territory, it is said.
Mr. Gullickson was cashier of the Sheridan County Bank which went broke. He was appointed receiver of the defunct bank by Judge Comer, but was recently removed from that position when the receivership of two closed Plentywood banks were con-solidated.
CARL ZIEGLER, Sr., Plaintiff,
vs.
REBECCA CROUSE, a widow; JOHN
W. SHELBY and ..SHELBY,
his wife, if any; WELLS COUNTY
STATE BANK OF FESSENDEN, N.
NORTH DAKOTA, a banking corpor-
ation; SHERIDAN COUNTY STATE
BANK OF PLENTYWOOD, MON-
tana, a banking corporation; FRED
IBSEN, Receiver of Sheridan County
State Bank, a corporation, Defend-
ants.
7.March 11, 1927Plentywood HeraldPlentywood, MT
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Article Text
Bank Dividends Declared This week Fred Ibsen. receiver of the Sheridan County State Bank. has sent out notices to depositors of this/insolvent institution declaring a ten per cent dividend, and same to be payable during the month of March, 1927. This will be highly pleasing news to former depositors of this bank through the county.
8.June 10, 1927The Producers NewsPlentywood, MT
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Article Text
G. A. LUEPTOW, Plaintiff, versus EUGENE BEEKS, SHERIDAN COUNTY STATE BANK, a corporation; FRED IBSEN, Receiver of the Sheridan County State Bank, a Corporation; T. L. BEISEKER; JOHN W. SHELBY; GEORGE VOLLMER; T. W. GREER; DAVID E. McLAUGHLIN and LEONARD E. BROWN, co-partners doing business under the firm name and style of McLaughlin and Brown, Defendants.
9.June 17, 1927The Producers NewsPlentywood, MT
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Article Text
G. A. LUEPTOW, Plaintiff, versus EUGENE BEEKS, SHERIDAN COUNTY STATE BANK, a corporation; FRED IBSEN, Receiver of the Sheridan County State Bank, a Corporation; T. L. BEISEKER; JOHN W. SHELBY; GEORGE VOLLMER; T. W. GREER; DAVID E. McLAUGHLIN and LEONARD E. BROWN, co-partners doing business under the firm name and style , of McLaughlin and Brown, Defendants.
KATHRYNE J. WILLIAMS, Plaintif, vs. ROBERT O. McMILLAN; THEODORE FLAKNE and KRISTINE FLAKNE, his wife; SHERIDAN COUNTY STATE BANK, a corporation; FRED IBSEN, Receiver of Sheridan County State Bank, a corporation; O. H. HELLEKSON; SHERIDAN COUNTY LAND COMPANY, a corporation; JOHN W. SHELBY and HENRY STEVE, Defendants.
tiff, vs. ROBERT O. McMILLAN; THEODORE FLAKNE and KRISTINE FLAKNE, his wife; SHERIDAN COUNTY STATE BANK, a corporation; FRED IBSEN, Receiver of Sheridan County State Bank, a corporation; O. H. Hellekson; Sheridan 'County Land Company, a corporation; JOHN W. SHELBY and HENRY STEVE, Defendants.
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.
