State Bank (Madoc, MT)

Episode Information

Episode UID
93034771487
Episode Type
Suspension → Closure
Bank Type
state
Bank ID
9303477 routing
Routing Number
93-0347
Start Date
November 8, 1923
Location
Madoc, Montana (48.811, -105.286)

Metadata

Model
gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
fff0604af09b8ac7

Response Measures

None

Description

Articles state the bank was voluntarily closed and a receiver was appointed; later sheriff's sale proceedings appear.

Events (3)
1. November 8, 1923 Suspension
Cause
Voluntary Liquidation
Cause Details
Article explicitly states the institution 'was voluntarily closed.'
Newspaper Excerpt
J. S Gregg...was appointed some time ago as receiver for the Madoc State Bank which institution was voluntarily closed
Source
newspapers
2. December 20, 1923 Receivership
Newspaper Excerpt
Notice is hereby given to all persons who may have claims against the State Bank of Madoc...that the same must be presented to John S. Gregg, Receiver, at Madoc, Montana... First Publication December 20, 1923. Last Publication February 21, 1924.
Source
newspapers
3. September 6, 1924 Other
Newspaper Excerpt
TO BE SOLD AT SHERIFF'S SALE...State Bank of Madoc, a corporation, and John L. Gregg, Receiver of the State Bank of Madoc, a corporation, Defendants.
Source
newspapers

Newspaper Articles (3)
1. November 8, 1923 Daniels County Leader Scobey, MT
Article from Daniels County Leader, November 8, 1923

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Article Text

MADOC BANK RECEIVER WILL HEADQUARTER HERE J. S Gregg, of Medicine Lake, who was appointed some time ago as receiver for the Madoc State Bank which institution was voluntarily closed, will headquarter at Scobey, while closing up the affairs of the bank. He will have office room in the First National Bank. Mr. Gregg is a banker of experience having been interested in several financial institutions in this section until a couple of years ago, when he quit the banking game to try his hand at diversified farming, of which he has made remarkable success. With Mr. Gregg as receiver of the Madoc institution the stockholders and depositors may rest assured that its affairs will be straightened up in the best possible manner for all concerned.

2. February 14, 1924 Daniels County Leader Scobey, MT
Article from Daniels County Leader, February 14, 1924

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Article Text

NOTICE Receiver's Office Madoc, Mont. Notice is hereby given to all persons who may have claims against the State Bank of Madoc, Madoc, Montana, that the same must be presented to John S. Gregg, Receiver, at Madoc, Montana, with the legal proof thereof within three months from this date or they may be disallowed. John S. Gregg, Receiver, State Bank of Madoc. First Publication December 20, 1923. Last Publication February 21, 1924.

3. August 14, 1924 The Wolf Point Herald Wolf Point, MT
Article from The Wolf Point Herald, August 14, 1924

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Article Text

# NOTICE OF SHERIFF'S SALE In the District Court of the Twentieth Judicial District for the State of Montana, in and for the County of Roosevelt. O. C. Strickler, Plaintiff vs Edgar L. Mitchell, Clara M. Mitchell, his wife, State Bank of Madoc, a corporation, and John L. Gregg, Receiver of the State Bank of Madoc, a corporation, Defendants. TO BE SOLD AT SHERIFF'S SALE, at the front door of the Court House, in Wolf Point, Roosevelt County, Montana, on the 6th day of September, A.D. 1924, at two o'clock P. M., to the highest bidder for cash, the following described real property, situated in said Roosevelt County, Montana, to-wit: