gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
1742f59c2cd345f4
Response Measures
None
Description
Contemporaneous articles give Oct. 6–7, 1922 as the suspension date; records consistently show the bank entered receivership afterward.
Events (2)
1.October 6, 1922Suspension
Cause
Bank Specific Adverse Info
Cause Details
Suspension followed arrest of L. B. Lockhart, vice president and owner of control, on charge of misappropriating (embezzling) the bank's funds.
Newspaper Excerpt
the bank suspended on October 6
Source
newspapers
2.February 6, 1923Receivership
Newspaper Excerpt
Skelton Appoints Lescher Receiver of Miners' Bank H. G. Lescher ... was appointed receiver of the Miners' State bank at Sand Coulee by District Judge H. H. Ewing. Since the bank suspended on October 6 Mr. Lescher has been in charge ...
Source
newspapers
Newspaper Articles (15)
1.October 14, 1922Great Falls TribuneGreat Falls, MT
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Article Text
NAME LESCHER FOR BANK AT SAND COULEE Will Be in Charge Temporarily; Belt Concern Closes. Herman G. Lescher, long associated with the banking business in Great Falls, has been appointed temporarily to the staff of L. Q. Skelton, state superintendent of banks, and during his incumbency will be in charge of the Miners State bank of Sand Coulee. The bank recently was closed, following the arrest of L. B. Lockhart, vice president and owner of control, on a charge of misappropriating the bank's funds. Lescher's appointment as a temporary deputy bank examiner was indirectly incident to the closing of the Belt bank Friday morning. This bank also was in the charge of Lockhart and alleged misappropriation also figured in his arrest. The bank remained open after Lockhart's arrest until Friday, but it then was decided that suspension was necessary. Both banks were investigated by Deputy Examiner H. E. Stewart prior to their closing and he retained supervision of the Sand Coulee bank until the Belt bank suspended, when it became necessary to place another man at Sand Coulee, Steward removing to Belt. Lescher will be in charge at the Sand Coulee bank until the state department is able to transfer a permanent member of the examiner's staff to that place. Lockhart was twice arrested after charges had been preferred by Stewart, each time furnishing $2,500 bail.
2.October 26, 1922Belt Valley TimesBelt, Armington, MT
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Article Text
County Funds Protected By Bonds That Cascade county will lose no money nor be deprived of its use for any length of time, through the recent failures of banks in which county deposits were carried is the statement of Fred C. Andretta, county treasurer. In the case of the Commercial National Bank of Great Falls, which at the date of closing carried a county deposit of $50,611, the county was fully protected by a surety bond for $34,000 and by stock of the Montana Power company assigned over to the county treasurer as collateral for the balance of $15,611. It has been stated that personal bonds of officers of the bank had been given in this case. The State bank here and the Miners State bank at Sand Coulee had deposits of county funds in the following amounts; the State Bank of Belt had $10,000 on deposit insured in the American Surety Co., of New York; the Miners State Bank of Sand Coulee had $7,800 on deposit secured by a Surety bond in the amount of $8,000 in the American Surety Company of New York. In the even that any of the banks reopen for business, which is highly probable according to rumor; Mr. Andretta states that with suitable security the amounts will immediately be replaced in the banks upon the proper guarantees being submitted to the county treasurer.
3.February 6, 1923Great Falls TribuneGreat Falls, MT
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Article Text
Skelton Appoints Lescher Receiver of Miners' Bank
H. G. Lescher, former Great Falls bank official, Monday was appointed receiver of the Miners' State bank at Sand Coulee by District Judge H. H. Ewing. Since the bank suspended on October 6 Mr. Lescher has been in charge, having been appointed by State Bank Examiner L. Q. Skelton to act as a deputy on his staff.
State Briefs
Great Falls.—M. V. "Speck" Wiley, Big Sandy garage man, arrested there last week by Deputy Sheriff Guy Palagi on a charge of grand larceny in connection with the theft here last fall of the Dr. C. C. Albright automobile, was released on $1,000 bail on that count Monday.
He was immediately re-arrested at the request of Sheriff George Brundage of Chouteau county. He is held pending the outcome of investigations now being conducted by Sheriff Brundage. Paul Willford, arrested at Big Sandy with Wiley, was released on $1,000 bail from the C. A. Wilson justice court.
Great Falls.—H. G. Lescher, former Great Falls bank official, was appointed receiver of the Miners' State bank at Sand Coulee by District Judge H. H. Ewing. Since the bank suspended on October 6 Mr. Lescher has been in charge, having been appointed by State Bank Examiner L. Skelton to act as a deputy on his staff.
Butte.—The savings of the two youngsters of the family was part of the loot of burglars who entered the home of Willie Irvine, assistant city treasurer, 1110 West Park street. Approximately $15 was taken from two small banks, pearl earrings, a ruby stud and two pairs of gold cuff links, were also stolen.
Butte.—A still which officers declare was the remaining link to a cleanup of Sunday night at a ranch in the Little Basin district was discovered hidden under the floor of a barn at the place by Federal Agent Holter and Detective Rodda of the police force.
Butte.—Tom Wing was writing lottery tickets for white men in a soft drink place on West Galena, according to Detectives Van Orden and McDonald, who placed him under arrest. The lottery layout, brush, ink and tickets was taken as evidence.
PLENTY BUILDING.
By Associated Press.
Cleveland, Feb. 6.—More than five billion dollars worth of new buildings are under way throughout the country, according to figures in the annual report delivered today by Ralph P. Stoddard, secretary-manager of the Common Brick Manufacturers association, to delegates from all parts of the country, attending the fifth annual convention here.
Dempsey's manager says he may fight three times this year. Sure, and it may freeze next July.
5.December 27, 1923Belt Valley TimesBelt, Armington, MT
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Article Text
Sue Bond Co. Demand that companies which bonded L. B. Lockhart while he was president of the State bank of Belt and vice president of the Miners state bank of Sand Coulee indemnify the banks for embezzlements alleged to have been made by Lockhart is made in actions filed in district court Saturday by W. C. Blomquist, receiver of the Belt bank, and H. G. Lescher, receiver of the Sand Coulee bank. The suit brought by Receiver Blomquist is directed against the American Surety company of New York and claim is made for $10,000, the sum declared to be due on Lockhart's bond. The complaint specifically enumerates alleged embezzlements of several thousands of dollars of the bank's funds by Lockhart. In the Lescher suit, demand is made against the same surety company for $5,000 pursuant to a bond in that amount under which Lockhart aperated as an official of the Sand Coulee bank. A long list of alleged embezzlements by means of bogus promissory notes is set out in the Lescher complaint. Lockhart was tried last June in district court on an embezzlement charge, which grew out of his alleged embezzlement of the bank's funds prior to their closing. The trial resulted in a disagreement by the jury after the 12 men had deliberated more than 48 hours without being able to break a deadlock vote of six to six. Lockhart now is understood to be in California.
6.January 12, 1924The Great Falls LeaderGreat Falls, MT
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Article Text
SAND COULEE BANK RECEIVER ORDERED TO SETTLE CLAIMS
Judge H. H. Ewing Thursday afternoon entered an order for the payment of the following preferred claims out of the moneys held by H. G. Lescher, receiver of the Miners' State bank of Sand Coulee: State of Montana, $1,761.41; Mrs. Ed Gerber, $25; Valley City lodge I. O. O. F., $500; Tony Anderson, $50; Chas. F. Clark and company, $235. Total, $2,571.41.
7.March 4, 1924The Independent-RecordHelena, MT
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Article Text
ELMER E. DAWSON TAKEN IN SEATTLE
Seattle, March 3—Elmer E. Dawson, formerly a banker in Montana, was arrested here today on telegraphic request.
Dawson, who was cashier of the State Bank of Belt, in Montana, has been living here with his wife and two children and working as a bookkeeper. He is a son-in-law of A. L. Bradley, arrested in Seattle last week with C. W. Tewell, on charges caused by failure of the Gilman (Mont.) State bank. Dawson declared he never had any connection with the Gilman institution.
Dawson was placed under $9,000 bail. He said that the Belt institution had been wrecked by a run that resulted from failure of the Miners State Bank of Coulee, nearby, and that he came here last June. He said that he had visited Great Falls, Mont., since then as a witness in proceedings resulting from the closing of the Belt bank, and that he could not imagine what had been found to cause his arrest.
It was also announced by the authorities here word had been received from Olympia, Washington, that Governor Louis F. Hart had honored the requisition of Governor Joseph M. Dixon of Montana for the extradition of A. L. Bradley and C. W. Tewell, former officials of the defunct Gilman State bank, of Gilman, Mont., who were arrested in Seattle last week. Hearing on habeas corpus proceedings begun by their attorney here is scheduled for tomorrow.
Dawson is a stepson of A. L. Bradley, authorities stated.
Bradley and Tewell were president and cashier respectively of the Gilman State bank. They are accused of accepting deposits after they knew the bank was insolvent.
Great Falls, March 3—A telegram from L. B. Lockhart, from Los Angeles, where he was arrested on a grand jury indictment from here Saturday, states that he will arrive here Wednesday for arraignment. Lockhart was vice president of the Miners State Bank of Sand Coulee and president of the State Bank of Belt, both closed institutions.
8.March 4, 1924The Independent-RecordHelena, MT
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Article Text
ELMER E. DAWSON TAKEN IN SEATTLE
Seattle, March 3—Elmer E. Dawson, formerly a banker in Montana, was arrested here today on telegraphic request.
Dawson, who was cashier of the State Bank of Belt, in Montana, has been living here with his wife and two children and working as a bookkeeper. He is a son-in-law of A. L. Bradley, arrested in Seattle last week with C. W. Tewell, on charges caused by failure of the Gilman (Mont.) State bank. Dawson declared he never had any connection with the Gilman institution.
Dawson was placed under $9,000 bail. He said that the Belt institution had been wrecked by a run that resulted from failure of the Miners State Bank of Coulee, nearby, and that he came here last June. He said that he had visited Great Falls, Mont., since then as a witness in proceedings resulting from the closing of the Belt bank, and that he could not imagine what had been found to cause his arrest.
It was also announced by the authorities here word had been received from Olympia, Washington, that Governor Louis F. Hart had honored the requisition of Governor Joseph M. Dixon of Montana for the extradition of A. L. Bradley and C. W. Tewell, former officials of the defunct Gilman State bank, of Gilman, Mont., who were arrested in Seattle last week. Hearing on habeas corpus proceedings begun by their attorney here is scheduled for tomorrow.
Dawson is a stepson of A. L. Bradley, authorities stated.
Bradley and Tewell were president and cashier respectively of the Gilman State bank. They are accused of accepting deposits after they knew the bank was insolvent.
Great Falls, March 3—A telegram from L. B. Lockhart, from Los Angeles, where he was arrested on a grand jury indictment from here Saturday, states that he will arrive here Wednesday for arraignment. Lockhart was vice president of the Miners State Bank of Sand Coulee, and president of the State Bank of Belt, both closed institutions.
9.August 1, 1924Great Falls TribuneGreat Falls, MT
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LESCHER SUES MINERS' BANK STOCKHOLDERS
Receiver Moves to Enforce Share Owner's Liability at Sand Coulee.
One hundred per cent payment on stock under the stockholders' liability act is asked in a suit filed Thursday in district court by H. G. Lescher, receiver of the Miners State bank of Sand Coulee, against seven stockholders of the closed bank. Interest at the legal rate from the date of the commencement of the action is also demanded.
The stockholders and the amounts asked are as follows: Ed Gerber, $1,000; L. B. Lockhart, $8,900; Ebba Lundell, $1,000; D. J. Murphy, $1,000; Michael Ryan, $600; Oscar Wirtala, $300 and E. E. Dawson, $1,000.
The Miners bank was capitalized at $20,000 and was closed on February 5, 1923. The complaint alleges that the bank had liabilities totaling $112,670 when it closed and that at no time since has its assets been greater than $70,000.
10.April 30, 1925Belt Valley TimesBelt, Armington, MT
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H. C. LESCHER, as Receiver of
THE MINERS STATE BANK OF
SAND COULEE, MONTANA, a corporation, Plaintiff.
11.May 7, 1925Belt Valley TimesBelt, Armington, MT
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H. C. LESCHER, as Receiver of THE MINERS STATE BANK OF SAND COULEE, MONTANA, a corporation, Plaintiff.
12.October 12, 1926Great Falls TribuneGreat Falls, MT
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Bank Receiver Sues Joseph Karaffa to Collect $500 Note
Action to enforce payment of promissory note by foreclosure was commenced district court Monday by H. G Lescher, as receiver of the Miners' State bank of Sand Coulee against Joseph Karaffa. The defendant, it is alleged, on April 15. 1920, ecuted $500 promissory note in favor of the bank and failed to pay any part of the indebtedness except approximately $80 As security for the loan a mortgage was executed on land in section 13, township 19, north of range 4 east. The court is requested to grant the plaintiff judgment for the $418.94 balance on the promissory note, interest and attorney's fees.
13.May 29, 1927Great Falls TribuneGreat Falls, MT
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LESCHER ASKS BANK RECEIVER
Makes Final Report on Affairs of Sand Coulee Concern: Hearing June 10 final report of the receivership Miners State bank of Sand Coulee petition for discharge receiver Saturday filed in district court H. Lescher. the institution. hearing show cause why the should not discharged for June 10 $825 Judge H. Ewing. The receiver. according to the petition, has nection with the Sand Coulee bank official the that An order thorizing the receiver to transfer records books clerk of the district court the court The final report of Mr. Lescher make the bank has paid dividends of creditors, cent. on general claims. Liabilities excel- the bank listed individual posits. drafts afloat. cashier's checks $174.63: time certificates. condi- $15,624.47 and owner $97,312.97 Receipts receiver since 1927. and includes the received from the the assets of the bank.
14.July 22, 1927The Bozeman CourierBozeman, MT
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Receiver Discharged Receivership of the Miners State bank of Sand Coulee, in Cascade county, which suspended operations October 7, 1922, has been terminated in district court by Judge H. H. Ewing, who granted H. G. Lescher his discharge as receiver.
15.November 21, 1928Great Falls TribuneGreat Falls, MT
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Bank Receiver's Suit Dismissed
An action instituted in district court by H. G. Lescher, receiver of the Miners State bank of Sand Coulee, against John Brutofski was dismissed without prejudice Tuesday at the request of Freeman, Thelen & Freeman, counsel for the plaintiff. The complaint alleged non payment of 8250 promissory note, executed Sept. 9, 1922. be divided equally between the two daughters after $1,000 payment is made to the daughter.
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.
