Willow Creek State Bank (Willow Creek, MT)

Episode Information

Episode UID
93032471487
Episode Type
Suspension → Closure
Bank Type
state
Bank ID
9303247 routing
Routing Number
93-0324
Start Date
November 20, 1923
Location
Willow Creek, Montana (45.825, -111.645)

Metadata

Model
gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
bfe8e4ea0c1f4c82

Response Measures

None

Description

Bank closed voluntarily by directors/stockholders and subsequently had a receiver appointed.

Events (2)
1. November 20, 1923 Suspension
Cause
Voluntary Liquidation
Cause Details
Directors and majority stockholders met Nov. 19 and agreed to close the bank; it closed voluntarily Nov. 20.
Newspaper Excerpt
The Willow Creek State bank . . . closed its doors Nov. 20, following a meeting of the members interested.
Source
newspapers
2. December 5, 1923 Receivership
Newspaper Excerpt
J. A. Price was appointed receiver of the Willow Creek state bank Wednesday by an order of Judge B. B. Law.
Source
newspapers

Newspaper Articles (11)
1. November 28, 1923 The Bozeman Courier Bozeman, MT
Article from The Bozeman Courier, November 28, 1923

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Article Text

WILLOW CREEK BANK MAY SOON RE-OPEN Coincident with the closing last week of the Willow Creek State bank, which was a voluntry action on the part of the directors of that institution, a rumor gained considerable currency that a state bank in another Gallatin county community was also about to close its doors. This rumor was run down and found to be entirely untrue and without the slightest foundation, in fact. In referring to the closing of the Willow Creek institution, the Three Forks Herald says: Our neighboring city was thrown into confusion last Tuesday morning when it was learned the State Bank of Willow Creek had closed its doors by voluntary act of its directors and stockholders. Just where the trouble lies has not been ascertained, but it is presumed that institution, like many others in the northwest, has felt the effects of

2. December 2, 1923 The Independent-Record Helena, MT
Article from The Independent-Record, December 2, 1923

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Article Text

Stockholders of Willow Green Bank Ask Price, Receiver Bozeman, Dec. 1.—In the matter of the receivership of the Willow Creek State bank, J. A. Price of Willow Creek, has been endorsed by stockholders representing a large majority of the stock of the institution, which closed its doors Nov. 20, following a meeting of the members interested. In making the application for a receiver, the statement is made that the stockholders met on the evening of Nov. 19 for the purpose of considering the question of closing, and that it was agreed to do so for the best interests of the depositors and stockholders of the bank. The following day the bank was closed and the official examiners were investigating the conditions.

3. December 5, 1923 The Bozeman Courier Bozeman, MT
Article from The Bozeman Courier, December 5, 1923

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Article Text

# BANK RECEIVER NAMED J. A. Price, an employee of the Willow Creek State bank which closed its doors November 20, following a meeting of the directors of that institution, was appointed yesterday by Judge Ben B. Law to act as receiver, following the receipt by the court of a petition by the majority stockholders of the bank asking that he be appointed to that position in an effort to straighten out the affairs. It is understood that the appointment of a former bank employee to the position of receiver is not usually favored by the state examiner's office, the judge in this case, however, holding that all the circumstances favored: the appointment of Mr. Price as the man best fitted to straighten out the bank's affairs.

4. December 5, 1923 The Bozeman Courier Bozeman, MT
Article from The Bozeman Courier, December 5, 1923

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Article Text

BANK RECEIVER NAMED J. A. Price, an employee of the Willow Creek State bank which closed its doors November 20, following a meeting of the directors of that institution, was appointed yesterday by Judge Ben B. Law to act as receiver, following the receipt by the court of a petition by the majority stockholders of the bank asking that he be appointed to that position in an effort to straighten out the affairs. It is understood that the appointment of a former bank employee to the position of receiver is not usually favored by the state examiner's office, the judge in this case, however, holding that all the circumstances favored the appointment of Mr. Price as the man best fitted to straighten out the bank's affairs. Christmas cards mailed the day before Christmas generally get to their destination the day after Christmas.

5. December 6, 1923 Great Falls Tribune Great Falls, MT
Article from Great Falls Tribune, December 6, 1923

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Article Text

Court Names Willow Creek Bank Receiver Bozeman, Dec. 5.—(By The Associated Press.)—J. A. Price was appointed receiver of the Willow Creek state bank Wednesday by an order of Judge B. B. Law. Mr. Price was formerly the assistant cashier of the bank, and was endorsed for the receivership in a petition signed by a majority of the stockholders. He will assume his duties at once. The Willow Creek bank closed voluntarily Nov. 20, following a meeting of the stockholders the night before. Many of the assets of the bank are in chattel mortgages on grain now being marketed, and the demand for the appointment of a receiver was to take charge of these assets before they are lost altogether.

6. June 11, 1924 The Bozeman Courier Bozeman, MT
Article from The Bozeman Courier, June 11, 1924

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Article Text

# SHERIFF'S SALE Wells-Dickey Company, a Corporation, Plaintiff, versus Oscar W. Mack and Minnie M. Mack, his wife, Reese J. Roberts and Minnie L. Roberts, his wife; J. A. Price, Receiver of Willow Creek State Bank, a Corporation, and Walter H. Mack, Defendants. To be sold at Sheriff's Sale on Monday on the 30th day of June A. D. 1924 at 2:00 o'clock P. M. at the front door of the Court House in the City of Bozeman, County of Gallatin, State of Montana all the right, title and interest of the defendant in and to the following described property, viz.: The West Half (W½) of Section One (1), and the Southeast Quarter (SE¼) of Section Two (2) in Township One (1) South, of Range One (1) West of the Montana Meridian. All in the County of Gallatin. Dated this 29th day of May A. D. 1924. JAMES SMITH, Sheriff By Orville Jones, Under Sheriff. (First publication June 4, 1924) (Last publication June 25, 1924)

7. June 18, 1924 The Bozeman Courier Bozeman, MT
Article from The Bozeman Courier, June 18, 1924

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Article Text

# SHERIFF'S SALE Wells-Dickey Company, a Corporation, Plaintiff, versus Oscar W. Mack and Minnie M. Mack, his wife, Reese J. Roberts and Minnie L. Roberts, his wife; J. A. Price, Receiver of Willow Creek State Bank, a Corporation, and Walter H. Mack, Defendants. To be sold at Sheriff's Sale on Monday on the 30th day of June A. D. 1924 at 2:00 o'clock P. M. at the front door of the Court House in the City of Bozeman, County of Gallatin, State of Montana all the right, title and interest of the defendant in and to the following described property, viz.: The West Half (W½) of Section One (1), and the Southeast Quarter (SE¼) of Section Two (2) in Township One (1) South, of Range One (1) West of the Montana Meridian. All in the County of Gallatin. Dated this 29th day of May A. D. 1924. JAMES SMITH, Sheriff By Orville Jones, Under Sheriff. (First publication June 4, 1924) (Last publication June 25, 1924)

8. September 10, 1924 The Bozeman Courier Bozeman, MT
Article from The Bozeman Courier, September 10, 1924

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Article Text

NATIONAL LIFE INSURANCE COMPANY OF THE UNITED STATES OF AMERICA, a corporation, Plaintiff, -Vs.- F. C. CLEVELAND, ELLA G. CLEVELAND, WILLOW CREEK STATE BANK, a cor- poration, J. A. PRICE, as re- ceiver of Willow Creek State Bank, a corporation, and SOUTH BENCH IRRIGA- TION DISTRICT, Defendants,

9. October 1, 1924 The Bozeman Courier Bozeman, MT
Article from The Bozeman Courier, October 1, 1924

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Article Text

COMPANY OF THE UNITED STATES OF AMERICA, a corporation, Plaintiff, -Vs.- F. C. CLEVELAND, ELLA G. CLEVELAND, WILLOW CREEK STATE BANK, a cor- poration, J. A. PRICE, as re- ceiver of Willow Creek State Bank, a corporation, and SOUTH BENCH IRRIGA- TION DISTRICT, Defendants

10. June 3, 1925 The Bozeman Courier Bozeman, MT
Article from The Bozeman Courier, June 3, 1925

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Article Text

# SHERIFF'S SALE Theilman State Bank, a corporation, Plaintiff. versus Lou Harwood and Ruth Harwood, his wife, Wells. Dickey Company, a corporation, J. A. Price, Receiver of the Williow Creek State Bank, a corporation; Ezra T. Smart; Henry Topel, Surviving Partner of the late firm of H. Topel & Bro., J. G. Crites, Receiver of Montana Grain Growers, a corporation; and C. N. Wood, Assignee. Defendants. To be sold at Sheriff's Sale on Saturday on the 13th day of June A. D. 1925 at 2:15 o'clock P. M. at the front door of the Court House in the City of Bozeman, County of Gallatin, State of Montana. All the right title and interest of the defendants in and to the following described property, viz.: North Half (N½) of the Northwest Quarter (NW¼) and the North Half of the Northeast Quarter (N½NE¼)

11. November 15, 1927 The Independent-Record Helena, MT
Article from The Independent-Record, November 15, 1927

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Article Text

FARMER Critchfield laborer and farmer living Limespur near Whitehall county, has gone bank rupt, and yesterday filed his petition bankruptcy in the United States court here, listing his debts assets at $15, one old automobile also has $100 worth of household goods, but they are claimed exempt from execution The secured claims are listed and the unsecured at $2,186. Among claims that Hoerman, judgment gage, for $1,941.07; Merchant's Trust company, judgment for Federal Reserve bank of Minne apolis, Helena branch, second mortgage. $1,532.90; Federal Reserve bank Minneapolis, Helena branch, $900. Among the unsecured claims by Robertson, Melton. Fla. note, $1,000; eight years interest on this note, $640; Willow Creek State bank receiver, $195: Fred Cotton borrowed money, Walter II Hooper. borrowed money, $90