First State Bank (Lambert, MT)

Episode Information

Episode UID
93030971492
Episode Type
Suspension → Closure
Bank Type
state
Bank ID
9303097 routing
Routing Number
93-0309
Start Date
April 22, 1924
Location
Lambert, Montana (47.684, -104.621)

Metadata

Model
gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
9b4c298d262558fa

Response Measures

None

Description

Multiple legal notices name a court-appointed receiver and sheriff's sales, indicating the bank was closed and in receivership.

Events (4)

1. April 22, 1924 Receivership
Newspaper Excerpt
E. C. Leonard, as Receiver of First State Bank of Lambert, a corporation
Source
newspapers
2. April 22, 1924 Suspension
Cause
Government Action
Cause Details
Bank placed in receivership (E. C. Leonard named receiver) and subject to sheriff's sale/foreclosure actions.
Newspaper Excerpt
FIRST STATE BANK OF LAMBERT, a corporation, and E. C. LEONARD, as Receiver of FIRST STATE BANK OF LAMBERT
Source
newspapers
3. May 20, 1924 Other
Newspaper Excerpt
TO BE SOLD AT SHERIFF'S SALE, on the 20th day of May, 1924 ... First State Bank of Lambert, a corporation, and E. C. Leonard, as Receiver of First State Bank of Lambert, a corporation, Defendants TO BE SOLD AT SHERIFF'S SALE ... Dated this 22nd day of April, 1924. FLOYD DAVIS, Sheriff
Source
newspapers
4. February 10, 1928 Other
Newspaper Excerpt
The First State Bank went in this same manner and has been forgotten, all but the name ... the Receiver ... prolonging its final settlement
Source
newspapers

Newspaper Articles (8)

Article from The Circle Banner, April 25, 1924

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NOTICE OF SHERIFF'S SA LE N THE DISTRICT COURT "OF THE SEVENTH JUDICIAL D' STRICT, OF THE STATE OF y ¡ONTANA, IN AND FOR THE OF DUNTY OF McCONE. ELLA McCULLOUGH, Plaintiff. vs. GARRETT L. GABBARD, FRANCES L. GABBARD, his wife, FIRST TATE BANK OI: LA MBERT, a corporation, and VI. C. LEONARD, as Receiver of FIF.ST STATE BANK LAMBERT, a corporation, Defendants TO BE SOLD AT SHERIFF "S SALE, on the 20th day of May, 1924, at two o'clock P. M. of said day at the front door of the Cou nty Court House at Circle, Montana, 1 n McCone ounty, the following desc ribed real estate, situated, lying and being in McCone County, Montana, to-wit: The North Half (N½) of Section Ten (10) Township Tw enty-one (21) North, Range F orty-nine (49) East, Montana ] Principal Meridian, containing th ree hundred twenty (320) acres, more or less, according to the Government survey thereof. Dated this 22nd day of April, 1924. FLOYD DAI IS, Sheriff HOMER A. HOOVER Attorney for plaintiff Circle, Montana First publication April 25th, 1924.


Article from The Circle Banner, May 2, 1924

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NOTICE OF SHERIFF'S SALE IN THE DISTRICT COURT OF THE SEVENTH JUDICIAL DISTRICT, OF THE STATE OF MONTANA, IN AND FOR THE COUNTY OF McCONE. ELLA McCULLOUGH, Plaintiff. vs. GARRETT L. GABBARD, FRANCES L. GABBARD, his wife, FIRST STATE BANK OF LAMBERT, a corporation, and E. C. LEONARD, as Receiver of FIRST STATE BANK OF LAMBERT, a corporation, Defendants TO BE SOLD AT SHERIFF'S SALE, on the 20th day of May, 1924, at two o'clock P. M. of said day at the front door of the County Court House at Circle, McCone County, Montana the following described real estate, situated, lying and being in McCone County, Montana, to-wit: The North Half (N½) of Section Ten (10) Township Twenty-one (21) North, Range Forty-nine (49) East, Montana Principal Meridian, containing three hundred twenty (320) acres, more or less, according to the Government survey thereof. Dated this 22nd day of April, 1924. FLOYD DAVIS, Sheriff HOMER A. HOOVER Attorney for plaintiff Circle, Montana First publication April 25th, 1924.


Article from The Circle Banner, May 9, 1924

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NOTICE OF SHERIFF'S SALE IN THE DISTRICT COURT OF THE SEVENTH JUDICIAL DISTRICT, OF THE STATE OF MONTANA, IN AND FOR THE COUNTY OF McCONE. ELLA McCULLOUGH, Plaintiff. vs. GARRETT L. GABBARD, FRANCES, L. GABBARD, his wife, FIRS' S STATE BANK OF LAMBERT at corporation, and E. C. LEON ARD, as Receiver of FIRST STATE HAN OF LAMBERT, a corporati on. I Deferdants TO BE SOLD AT SHERI AF'S SALE, on the 20th day of May, 1924, at two o'clock P. M. of said day at. the front door of the Cour ity Court House at Circle, McConf, County, Montana the following der scribed real. estate, situated, lying a' ad being in McCone County, Monta na, to-wit: The North Half (N½ ) of Section Ten (10) Township Twenty-one (21) North, Rans ge Forty-nine (49) East, Mon ana Principal Meridian, contai ning three hundred twenty (32 0) acres, more or less, according to the Government survey thereof. Dated this 7 2nd day of April, 1924. FLOYD DAVIS, Sheriff HOMER A. HOOVER Attorney for plaintiff Circle, ontana First pul olication April 25th, 1924.


Article from The Circle Banner, May 16, 1924

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NOTICE OF SHERIFF'S SALE IN THE DISTRICT COURT OF THE SEVENTH JUDICIAL DISTRICT, OF THE STATE OF MONTANA, IN AND FOR THE COUNTY OF McCONE. ELLA MCCULLOUGH, Plaintiffs vs. GARRETT L. GABBARD, FRANCES L. GABBARD, his wife, FIRST STATE BANK OF LAMBERT, a corporation, and E. C. LEONARD, as Receiver of FIRST STATE BANK OF LAMBERT, a corporation, Defendants TO BE SOLD AT SHERIFF'S SALE, on the 20th day of May, 1924, at two o'clock P. M. of said day at the front door of the County Court House at Circle, McCone County, Montana the following described real estate, situated, lying and being in MeCone County, Montana, to-wit: The North Half (N½) of Section Ten (10) Township Twenty-one (21) North, Range Forty-nine (49) East, Montana Principal Meridian, containing three hundred twenty (320) acres, more or less, according to the Government survey thereof. Dated this 22nd day of April, 1924. FLOYD DAVIS, Sheriff HOMER A. HOOVER , Attorney for plaintiff Circle, Montana First publication April 25th, 1924.


Article from The Circle Banner, May 23, 1924

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NOTICE OF SHERIFF'S SALE IN THE DISTRICT COURT OF THE SEVENTH JUDICIAL DISTRICT, OF THE STATE OF MONTANA, IN AND FOR THE COUNTY OF McCONE. ELLA McCULLOUGH, Plaintiff. vs. GARRETT L. GABBARD, FRANCES L. GABBARD, his wife, FIRST STATE BANK OF LAMBERT, a corporation, and E. C. LEONARD, as Receiver of FIRST STATE BANK OF LAMBERT, a corporation, Defendants TO BE SOLD AT SHERIFF'S SALE, on the 20th day of May, 1924, at two o'clock P. M. of said day at the front door of the County Court House at Circle, McCone County, Montana the following described real estate, situated, lying and being in McCone County, Montana, to-wit: The North Half (N½) of Section Ten (10) Township Twenty-one (21) North, Range Forty-nine (49) East, Montana Principal Meridian, containing three hurtdred twenty (320) acres, more or less, according to the Government survey thereof. Dated this 22nd day of April, 1924. FLOYD DAVIS, Sheriff HOMER A. HOOVER Attorney for plaintiff Circle, Montana First publication April 25th, 1924.


Article from The Sidney Herald, June 13, 1924

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SUMMONS In the District Court of the Seventh Judicial District of the State of Montana, in and for the County of Richland. C. M. Reddick, Plaintiff, vs. All Persons claiming any interest in or lien upon the real property herein described or any part thereof, Defendants. The State of Montana to all persons claiming any interest in or lien upon the real property herein described, or any part thereof, Defendants, Greetings: You are hereby required to appear and answer the complaint of C. M. Reddick, Plaintiff, filed with the clerk of the above entitled court within sixty days after the first publication of this Summons, and set forth what interest or lien, if any you have in or upon that certain real property, or any part thereof, situated in the County of Richland, State of Montana, and particularly described as follows, to-wit: The Northeast quarter (NE¼) of Section twelve (12) in Township twenty-two (22) North of Range fifty-nine (59) East Montana Principal Meridian, lying and being within the County of Richland, and State of Montana. And you are hereby notified that unless you so appear and answer, the Plaintiff will apply to the court for the relief demanded in the complaint, to-wit: 1.—That all persons claiming any interest in, or lien upon the property described in said complaint be required to set forth in this action the nature of their interest or lien, in or to said property and that all adverse claims of such persons may be determined by a Decree of this Court. 2.—That by said Decree it is declared and adjudged that no person other than the Plaintiff has any interest or lien or right or estate in and to the said land and premises and that the title of the Plaintiff is good and valid. 3.—That all persons claiming any interest or lien or right, in, or estate in or to the said land and premises be forever enjoined and debarred from asserting any claim whatever in and to the said land and premises, adverse to the Plaintiff, and for such other and further relief as shall seem meet in the premises. 4.—For Plaintiff's costs and disbursements herein. Witness my hand and the Seal of said Court, this the 4th day of June, A. D. 1924. (Court Seal) GUY L. ROOD, Clerk. C. E. COLLETT, Attorney for Plaintiff, Postoffice and Business Address: Sidney, Montana. The following persons are said to claim an interest in or lien upon said property adverse to the Plaintiff: Charles Krug and Annie Krug, his wife, residing at Glendive, Montana. Fred Krug and Julia Krug, his wife, residing at 1754 Monta Vista Street, Pasadena, California. Frank Durye and Cora Durye, his wife, residing at 278 E. Villa Street, Pasadena, California. Amos Krug and Lizzie Krug, his wife, residing at Hopkins, Mich. Menno Schafer, as guardian of Josie Krug, Lizzie Krug and Ethel Krug, minors, residing at Hopkins, Mich. Abe Jordan and Josie Jordan, his wife, residing at Jordan, Montana. Ethel Krug Lake, residing at Beach, North Dakota. Charles Krug, residing at Beach, North Dakota. Arthur J. McGlynn and Margaret McGlynn, his wife, residing at Sidney, Montana. Axel Nelson and Vivian Nelson, his wife, residing at Sidney, Montana. Bert A. Betty and Lucille A. Betty, his wife, residing at Sidney, Montana. C. E. COLLETT, Attorney for Plaintiff, Sidney, Montana. (First Pub. June 6. Last Pub. June 27) (First Pub. June 6. Last Pub. July 4) ALIAS SUMMONS In the District Court of the Seventh Judicial District of the State of Montana, in and for the County of Richland. Citizens State Bank of Gibbon, Gibbon, Minnesota, a corporation, Plaintiff, vs. Lester F. Mack, First State Bank of Lambert, a corporation, and E. C. Leonard, receiver of the First State Bank of Lambert, a corporation, and Lester F. Mack, Defendants. The State of Montana sends greeting to the above named defendants: You are hereby summoned to answer the complaint in this action which is filed in the office of the clerk of this court and to file your answer and serve a copy thereof upon the plaintiff's attorneys within twenty days after the service of this summons, exclusive of the day of service; and in case of your failure to appear or answer, judgment will be taken against you by default, for the relief demanded in the complaint. The said action is brought to secure a judgment upon a note made, executed and delivered by Lester F. Mack to the First State Bank of Lambert, a corporation, on the 14th day of September, 1915, due the 1st day of November, 1920, together with interest thereon at the rate of 12 per cent per annum from the 1st day of May, 1921; for attorney fees, costs of Lis Pendens, and costs, and to secure a decree of this court foreclosing a real estate mortgage given by the said defendant, Lester F. Mack, as security for the payment of said promissory note; that the premises described in said real estate mortgage are as follows, to-wit: East half (E½) of Section Thirty-four (34) in Township Twenty-four (24) North, of Range Fifty-three (53) East, M. P. M., in Richland County, Montana. That said mortgage was duly recorded in the office of the clerk and recorder of Richland County, Montana, on the 18th day of October, 1915, at 1:12 o'clock p. m., in Book 11 of Mortgages, at Page 596, all of which more fully appears by plaintiff's verified complaint on file in the office of the clerk of the above entitled court. Witness my hand and seal of said Court this 22nd day of May, A. D. 1924. (Court Seal) GUY L. ROOD, Clerk. HURLEY & O'NEIL, Glendive, Montana, Plaintiff's Attorneys. (First Pub. May 30. Last Pub. June 20) NOTICE OF SHERIFF'S SALE In the District Court of the Seventh Judicial District of the State of Montana, in and for the County of Richland. William Hoskins, Plaintiff, vs. Loumand E. Bensjba, Yellowstone Valley Bank and Trust Company of Sidney, a corporation, C. L. Teisinger, receiver of the Yellowstone Valley Bank and Trust Company of Sidney, a corporation, Defendants. To be sold by the Sheriff of Richland County, Montana, on the 21st day of June, A. D. 1924, at two o'clock p. m. of said day, to the highest and best bidder for cash, in front of the front door of the court house of Richland County, Montana, on Central Avenue, in the City of Sidney, Montana, all of the right, title and interest of the above named defendants and each of them in and to the following described real estate, situated in Richland County, Montana, to-wit: The South half of the Northwest quarter (S½NW¼) and the Northeast quarter (NE¼) and the North half of the Southeast quarter (N½SE¼) and the Northeast quarter of the Southwest quarter (NE¼SW¼) of Section Twenty-four (24) in Township Twenty-four (24) North of Range Fifty-four (54) East of the Montana Principal Meridian, containing 320 acres, more or less, according to the United States Government survey thereof, together with all and singular the tenements, hereditaments and appurtenances thereunto belonging. Dated this 26th day of May, A. D. 1924. GEORGE T. O'BRIEN, Sheriff, Richland County, Montana. By M. E. Dilschneider, Deputy Sheriff. C. E. COLLETT, Sidney, Montana, Attorney for Plaintiff. (First Pub. May 30. Last Pub. June 20) NOTICE OF SHERIFF'S SALE In the District Court of the Seventh Judicial District of the State of Montana, in and for the County of Richland. G. J. Halver, Plaintiff, vs. Martin Krug, and Laura Krug, his wife, and Herbert P. Lesueur, Defendants. To be sold by the Sheriff of Richland County, Montana, on the 21st day of June, A. D. 1924, at two o'clock p. m. of said day to the highest and best bidder for cash, in front of the front door of the court house of Richland County, Montana, on Central Avenue, in the City of Sidney, Montana, all of the right, title and interest of the above named defendants and each of them in and to the following described real estate, situated in Richland County, Montana, to-wit: West half of the Northeast quarter, West half of the Southeast quarter, East half of the Northwest quarter, East half of the Southwest quarter, all in Section Three (3) in Township Twenty-three (23) North of Range Fifty-six (56) East of M. P. M., containing 320 acres, more or less, according to the United States Government survey thereof; together with all and singular the tenements, hereditaments and appurtenances thereunto belonging or in anywise appertaining. Dated this 26th day of May, A. D. 1924. GEORGE T. O'BRIEN, Sheriff, Richland County, Montana. By M. E. Dilschneider, Deputy Sheriff. C. E. COLLETT, Sidney, Montana, Attorney for Plaintiff. (First Pub. May 30. Last Pub. June 20) NOTICE OF SHERIFF'S SALE OF REAL ESTATE ON FORECLOSURE In the District Court of the Seventh Judicial District of the State of Montana, in and for the County of Richland. Jacob Hertner, Plaintiff, vs. Jens H. Hansen and Christine Hansen, his wife, Niels Damskov and Sophie Damskov, his wife, S. S. Nutt and Rose M. Nutt, his wife, C. L. Teisinger, receiver of the Yellowstone Valley Bank and Trust Company, a corporation, S. P. Damskov and Anna Damskov, his wife, George F. Butka and —— Butka, his wife, Eugene Rhines and —— Rhines, his wife, Defendants. Notice is hereby given, that under and by virtue of an Order of Sale issued out of the above entitled court in the above entitled action, on the 24th day of May, A. D. 1924, and that I was commanded to sell the real estate hereinafter described, I have levied upon and seized the following described real estate, to-wit: South half of Northwest quarter (S½NW¼), Section Thirty-six (36), Township Twenty-three (23) North, of Range Fifty-three (53) East, M. P. M., in Montana, and excluding therefrom the Townsite of Lane, according to the recorded plat thereof, and also excepting and excluding the right-of-way of the Montana Eastern Railway Company's railway as the same is now located and established over and across said land, containing fifty-three and twenty-three hundredths (53.23) acres, more or less, also all of blocks one (1) and two (2) in the Townsite of Lane, according to the recorded plat thereof in the office of clerk and recorder of Richland county, subject to 1.82 acres right-of-way for public highway described in Paetnt No. D 473. Further notice is given that on Saturday, the 21st day of June, A. D. 1924, at the hour of 2:00 o'clock p. m., I will sell at the front door of the court house in Sidney, Richland County, Montana, all of the above described real estate or so much thereof as may be necessary to satisfy the judgment, costs and expenses in the above entitled action. Dated at Sidney, Montana, this 26th day of May, A. D. 1924. GEORGE T. O'BRIEN, Sheriff, Richland County, Montana. By M. E. Dilschneider, Deputy Sheriff. HURLEY & O'NEIL, Glendive, Montana, Attorneys for Plaintiff. (First Pub. May 30. Last Pub. June 20) SHERIFF'S SALE In the District Court of the Seventh Judicial District of the State of Montana, in and for the County of Richland. No. 2545. C. L. Dempster, Plaintiff, vs. William Ramey and Mildred Ramey, husband and wife, L. P. Oppeniger, and Richland County, Montana, a body politic and corporate, Defendants. To be sold on the 5th day of July, A. D. 1924, at the front door of the court house at Sidney, Montana, Richland County, at the hour of two o'clock p. m. of said day the following described real property, to-wit: Northeast quarter (NE¼), North half (N½) of the Southeast quarter (S½), Southeast quarter (SE¼) of the Northwest quarter (NW¼) of Section Twenty-two (22), Township Twenty-six (26) North, Range Fifty-two (52) E. M. M., containing 280 acres, more or less, according to the government survey thereof. And in particular all the right, title, claim and interest of said defendants, above named, in and to said property, hereinbefore described, together with all and singular the tenements, hereditaments and appurtenances thereunto belonging, or in any way appertaining to the same. Dated this 10th day of June, A. D. 1924. GEORG T. O'BRIEN, Sheriff. By M. E. Dilschneider, Deputy Sheriff. MOUM & MORFORD, Attorneys for Plaintiff. Poplar, Montana. (First Pub. June 13. Last Pub. July 4) NOTICE OF SHERIFF'S SALE In the District Court of the Seventh Judicial District of the State of Montana, in and for the County of Richland. Lena K. Stein, Plaintiff, vs. Lucy H. Blevins, Traders Farm Loan Co., a corporation, Lane Oil & Gas Co., a corporation, H. G. Harris, Defendants. To be sold on the 5th day of July, A. D. 1924, at the front door of the county court house at Sidney, Montana, Richland County, Montana, at the hour of two o'clock of said day, the following described real property located in Richland County, Montana, to-wit: The Southeast quarter of the Northeast quarter (SE¼NE¼), the East half of the Southeast quarter (E½SE¼), and the Southwest quarter of the Southeast quarter (SW¼SE¼), of Section Twenty-five (25), in Township Twenty-six (26) North of Range Fifty-one (51) E. M. M., and lots two (2), three (3) and four (4), and the Southeast quarter of the Southwest quarter (SE¼SW¼) of Section Thirty (30), Township Twenty-six (26) North of Range Fifty-two (52) E. M. M., containing 320 acres of land, according to the U. S. government survey thereof. And in particular, all the right, title, claim and interest of said defendants, above named, in and to said property hereinbefore described, together with all and singular the tenements, hereditaments and appurtenances thereunto belonging, or in any way appertaining thereto. Dated this 10th day of June, A. D. 1924. GEORG T. O'BRIEN, Sheriff. By M. E. Dilschneider, Deputy Sheriff. MOUM & MORFORD, Attorneys for Plaintiff. Poplar, Montana. (First Pub. June 13. Last Pub. July 4)


Article from The Sidney Herald, April 23, 1926

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NOTICE OF SHERIFF'S SALE In the District Court of the Seventh Judicial District of the State of Montana Richland in and for the County of Farmers State Bank of Kenyon Minnesota, a corporation, Plaintiff. William M. Hammes and Alice M. Hammes, his wife, First State Bank of Lambert, corporation, C. L. Telsinger. as Receiver the First State Bank of Lambert, a corportion, Barnes Brothers porated, a cor poration, Edmund Backe, O. H. fendants. Kronkright and P. L. McCrea, DeTo be sold by the Sheriff of Richland County, Montana, on the 24th day of April, A. D. 1936, at clock P. M. of said day to the highest and best bidder for cash, in front of the front door of the Court House in Richland, County, in Sidney, Montana, all the right, title and interest of the above named defendants. and each of them, in and to the following described real estate, situated in Richland County, Montana, to-wit: The North half of the Northwest quarter of the Northwest quarter (SW NW4 Northwest quarter of the Southwest quarter (NW %SW% South one half of the Southwest quarter (S½SW¹/ South one half of the Southeast quarter (S%SE% of Section Twenty (28), Township (23) North, Range Fifty-four (54) East, containing 320 acres more or less, according to the Government survey thereof. Together with all and singular the tenements, hereditaments and ap. purtenances thereunto belonging Dated this 25th day of March A. D. 1926. GEO T. O'BRIEN, Sheriff of Richland County, Mon- tana. By W. E. PAYNE, Deputy Sheriff. C. E. Collett, Attorney for plaintiff, Sidney, Montana. 3-4t.


Article from The Producers News, February 10, 1928

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(From Richland County Leader) Lambert.-Again the First National Bank building has been looted and two truck loads of fixtures have been courthouse. hauled to Sidney to be used in the new This is about all that can be removed unless the Receiver gets short on salary funds and tears up the floor and sells it or takes down the walls and sells the brick, which quite likely will happen if time is given. The First State Bank went in this same manner and has been forgotten, ali but the name, now the First National which comes under the control of the Federal Government is going down the same lane. Oh, yes, the stockholders paid in their hundred per cent assessment, the law says they must, and the banks each paid a small dividend. But where has the balance gone? The law does not say that a Receiver cannot rape a closed bank by prolonging its final settlement, oh no. He can keep on drawing a big salary just so long as there is anything left to draw one with and when the assets are gone, he rubs his soft fat hands together and tell the Judge that he has done all he can and that there is nothing more to settle. The Honorable Judge pats him on the back and says, "well done my good and faithful servant, lets go get a drink." We know of a bank in Billings that was closed more than fifteen years ago and the Receiver has kept it going from that time until now without winding up the business. This was one of the largest banks in that city and has proven a fine thing for this man as he now owns nearly all of the bank assets and is considered by the Banking Department one of their crack Receivers. This fellow is fat and sleek and puffs when he walks. And when the son-of-a-louse dies he will be stuck SO deep in Hell that he won't even be able to see the light of the fires. Any community that suffers a bank failure would save themselves a lot of worry and receive some satisfaction if they would blow the establishment into a million pieces and not submit placidly to seeing some bird with a "whorl" on his index finger step in and get away with the horns, hide and tallow. If you think we are spreading it a little too thick, just ask the stockholders of closed banks, ask the depositors or ask the people of the community. They can tell it to you."