First National Bank (Cut Bank, MT)

Episode Information

Episode UID
957401453
Episode Type
Suspension → Closure
Bank Type
national
Bank ID
95740 national
Charter Number
9574
Start Date
January 1, 1921
Location
Cut Bank, Montana (48.633, -112.326)

Metadata

Model
gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
f72a8db6f5dd2bc3

Response Measures

None

Receivership Details

Depositor recovery rate
6.8%
Date receivership started
1921-01-29
Date receivership terminated
1928-09-30
OCC cause of failure
Losses
Share of assets assessed as good
21.3%
Share of assets assessed as doubtful
64.9%
Share of assets assessed as worthless
13.8%

Events (8)

1. November 2, 1909 Chartered
Source
historical_nic
2. January 1, 1921 Suspension
Cause
Voluntary Liquidation
Cause Details
Bank voluntarily closed its doors at the beginning of the year (closed since Jan. 1, 1921).
Newspaper Excerpt
The First National bank of this place, which has been closed since the first of the year, has been put into the hands of a receiver.
Source
newspapers
3. January 29, 1921 Receivership
Source
historical_nic
4. January 29, 1921 Receivership
Newspaper Excerpt
R. L. Curtis, who was chosen receiver by the government, arrived Saturday morning and took charge, relieving W. M. Buckles, bank examiner, who has had charge since the bank voluntarily closed its doors.
Source
newspapers
5. December 1, 1922 Other
Newspaper Excerpt
C. C. Sille, receiver of the First National bank here, received notice of a promotion which he has accepted... Mr. Sill has been receiver at Cut Bank for the past year.
Source
newspapers
6. March 29, 1924 Other
Newspaper Excerpt
To be sold at Sheriff's Sale at the Front Door of the Court House at the City of Cut Bank... John A. Sanderson, Receiver of the First National Bank of Cut Bank, Montana, Plaintiff, versus ... To be sold ... on Saturday, the 29th day of March, A. D. 1924
Source
newspapers
7. October 25, 1924 Other
Newspaper Excerpt
The First National Bank of Cut Bank, Montana, R. L. Curtis, Receiver of the First National Bank of Cut Bank, Montana, John A. Sanderson, Receiver of the First National Bank of Cut Bank, Montana, Defendants. To be sold at Sheriff's Sale on the 25th day of October, A. D. 1924
Source
newspapers
8. May 1, 1928 Other
Newspaper Excerpt
The undersigned Receiver of the First National Bank of Cut Bank, Montana, will offer at public sale ... at Cut Bank, Montana, on the 1st day of May, 1928 ... all remaining assets of the said First National Bank of Cut Bank, Montana.
Source
newspapers

Newspaper Articles (10)

Article from Great Falls Tribune, February 6, 1921

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Article Text

RECEIVER APPOINTED FOR BANK, CUT BANK Special to The Tribune. Cut Bank, Feb. 5.-The First National bank of this place, which has been closed since the first of the year. has been put into the hands of a receiver. R. L. Curtis. who was chosen receiver by the government. arrived Saturday morning and took charge. relieving W. M. Buckles. bank examiner, who has had charge since the bank voluntarily closed its doors.


Article from Great Falls Tribune, December 1, 1922

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Article Text

Bank Receiver Gets Federal Post; Will Handle Idaho Banks Cut Bank, Nov. 30.-C. C. Sille, receiver of the First National bank here, received notice of a promotion which he has accepted. The comptroller of the currency has asked Mr. Sill to go to Wendell, Idaho, and take charge of the First National bank there and Fairfield, Idaho, jointly with headquarters at Wendell. As soon as arrangements can be made for the transfer of the accounts here, Mr. Sill will leave for his new field. It is thought that Mr. Sanderson now in charge of a bank for the government at Joplin, Mont., will also be the new receiver for the First National bank here, both banks being in charge of one receiver. Mr. Sill has been receiver at Cut Bank for the past year.


Article from The Great Falls Leader, August 10, 1923

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Article Text

Newcomb, assistant cashier First National bank of Minneapolis; J. H. Sharpe, assistant cashier Midland National bank; P. J. Leeman, vice president First National bank; P. W. Flood, General Motors corporation; Linwood Foster, Farnham company. Mondak — L. W. Thompson, cashier Mondak State bank. New York—Walter P. Dickey, Mechanics & Metals National bank. Portland, Ore.—J. L. Rivard, Irwin-Hodson company, Mr. and Mrs. George A. Dunham, Bankers' Service bureau. Plevna—V. S. Himsl, president First State bank. Roundup—C. W. Greening. Sidney—S. F. Donaldson, vice president First National bank. St. Paul, Minn.—A. B. Lathrop, assistant cashier Merchants' National bank; O. C. DeVine; Ed Schulberg, First National bank; I. E. Hansen, vice president First National bank. Spokane—E. M. Adams; W. B. McLaren; W. E. Kelley, assistant cashier Exchange National bank. Whitefish—C. H. Jennings, vice president First National bank. F. J. McCullough, Roundup. F. J. Matoushek, Sidney. J. L. Sherburne, cashier First National bank, Browning. Mrs. R. D. Wright, Belgrade. F. M. Robertson, representative Federal Reserve bank, Cut Bank. John A. Sanderson, receiver, First National bank, Cut Bank. T. E. McClintock, receiver, Commercial National bank, Great Falls.


Article from Cut Bank Pioneer Press, March 21, 1924

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Article Text

SHERIFF'S SALE In The District Court of the Nineteenth Judicial District of the State of Montana, In and For the County of Glacier. John A. Sanderson, Receiver of the First National Bank of Cut Bank, Montana a corporation, Plaintiff, versus Eliza Hyde and Eliza Hyde, Administratrix of the Estate of John M. Hyde, deceased, and the County of Glacier, Montana, a municipal corporation, Defendants. To be sold at Sheriff's Sale at the Front Door of the Court House at the City of Cut Bank, Glacier County, Montana, on Saturday, the 29th day of March, A. D. 1924, at 2:00 o'clo-


Article from The Kevin Review, October 2, 1924

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Clinton and Thorne, Attorney for 20-tf Plaintiff. NOTICE OF SHERIFF'S SALE In the District Court of the Nineteenth Judicial District of the State of Montana, in and for the County of Toole. The Federal Land Bank of Spokane, a corporation, Plaintiff. vs. Emil Nelson, a bachelor, Fairview National Farm Loan Association, a corporation, and Tool County, Montana, a municipal corporation, Defendants. To be sold at Sheriff's Sale on the 17th day of October, A. D. 1924, at 3 o'clock P. M. at the front door of the Court House in the City of Shelby, in the said County of Toole, the following property: The West half of the Southwest quarter and the Northwest quarter of Section Eleven, Township Thirty-three North Range One West of the Montana Principal Meridian. Dated this 22nd day of September, A. D. 1924. H. E. BENJAMIN, Sheriff. W. B. Martin, Under Sheriff. Max P. Kuhr, Attorney for Plain20-tf tiff. NOTICE OF SHERIFF'S SALE In the District Court of the Nineteenth Judicial District of the State of Montana, in and for the County of Toole. Walter M. Dueringer, Executor of the estate of Martin Radler, deceased, plaintiff, VS. Ediyh R. Brown and Harry Brown her husband, E. L. Pryor, Fannie Hughes, Ruby Anderson as administratrix of the estate of Earl Anderson, deceased, J. W. Hughes and Charles Manwaring, Defendants. To be sold at Sheriff's Sale on the 24th day of October, A. D. 1924, at 3 o'clock P. M. at the front door of the Court House in the City of Shelby, in the said County of Toole, the following property: The southeast quarter of the southeast (SE1-4SE1-4) of Section twentyfour (24) the east half of the northeast quarter (E1-2NE1-4) the southwest quarter of the northeast (SW1-4 NE1-4) and the southeast quarter (SE1-4) of section twenty-five (25) in township thirty-three (33) north of range four (4) west of the Montana Meridian. Dated this 25th day of September A. D., 1924. H. E. BENJAMIN, Sheriff. W. B. Martin, Under Sheriff. Maddox and Church, Attorney ofr Plaintiff. NOTICE OF SHERIFF'S SALE In the District Court of the Nineteenth Judicial District of the State of Montana, in and for the County of Toole. W. O. Ralph, Plaintiff, VS. Sigurjon J. Sigurdson and Anika Sigurdson, husband and wife, The Valier Montana Land & Water Company, a corporation, Barnes Brothers, Incorporated, a corporation, The First National Bank of Cut Bank, Montana, R. L. Curtis, Receiver of the First National Bank of Cut Bank, Montana, John A. Sanderson, Receiver of the First National Bank of Cut Bank, Montana, David Wiegan, Defendants. To be sold at Sheriff's Sale on the 25th day of October, A. D. 1924, at 2 o'clock P. M. at the front door of the Court House in the City of Shelby, in the said County of Toole, the following property: The east half of the west half (E1-2 W1-2) of section twenty-eight (28) township thirty-two (32) north, range four (4) west, containing 160 acres, more or less, acording to government survey thereof. Dated this 25th day of September, A. D., 1924. H. E. BENJAMIN, Sheriff. W. B. Martin, Under Sheriff. Henderson & Knaack, Attorneys for


Article from The Kevin Review, October 9, 1924

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NOTICE OF SHERIFF'S SALE In the District Court of the Nineteenth Judicial District of the State of Montana, in and for the County of Toole. W. O. Ralph, Plaintiff, vs. Sigurjon J. Sigurdson and Anika Sigurdson, husband and wife, The Valier Montana Land & Water Company, a corporation, Barnes Brothers, Incorporated, a corporation, The First National Bank of Cut Bank, Montana, R. L. Curtis, Receiver of the First National Bank of Cut Bank, Montana, John A. Sanderson, Receiver of the First National Bank of Cut Bank, Montana, David Wiegan, Defendants. To be sold at Sheriff's Sale on the 25th day of October, A. D. 1924, at 2 o'clock P. M. at the front door of the Court House in the City of Shelby, in the said County of Toole, the following property: The east half of the west half (E1-2 W1-2) of section twenty-eight (28) township thirty-two (32) north, range four (4) west, containing 160 acres, more or less, acording to government survey thereof. Dated this 25th day of September, A. D., 1924. H. E. BENJAMIN, Sheriff. W. B. Martin, Under Sheriff. Henderson & Knaack, Attorneys for Plaintiff.


Article from The Kevin Review, October 16, 1924

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# NOTICE OF SHERIFF'S SALE In the District Court of the Nineteenth Judicial District of the State of Montana, in and for the County of Toole. W. O. Ralph, Plaintiff, VS. Sigurjon J. Sigurdson and Anika Sigurdson, husband and wife, The Valier Montana Land & Water Company, a corporation, Barnes Brothers, Incorporated, a corporation, The First National Bank of Cut Bank, Montana, R. L. Curtis, Receiver of the First National Bank of Cut Bank, Montana, John A. Sanderson, Receiver of the First National Bank of Cut Bank, Montana, David Wiegan, Defendants. To be sold at Sheriff's Sale on the 25th day of October, A. D. 1924, at 2 o'clock P. M. at the front door of the Court House in the City of Shelby, in the said County of Toole, the following property: The east half of the west half (E1-2 W1-2) of section twenty-eight (28) township thirty-two (32) north, range four (4) west, containing 160 acres, more or less, acording to government survey thereof. Dated this 25th day of September, A. D., 1924. H. E. BENJAMIN, Sheriff. W. B. Martin, Under Sheriff. Henderson & Knaack, Attorneys for Plaintiff.


Article from The Kevin Review, October 23, 1924

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NOTICE OF SHERIFF'S SALE In the District Court of the Nineteenth Judicial District of the State of Montana, in and for the County of Toole. W. O. Ralph, Plaintiff, vs. Sigurjon J. Sigurdson and Anika Sigurdson, husband and wife, The Valier Montana Land & Water Company, a corporation, Barnes Brothers, Incorporated, a corporation, The First National Bank of Cut Bank, Montana, R. L. Curtis, Receiver of the First National Bank of Cut Bank, Montana, John A. Sanderson, Receiver of the First National Bank of Cut Bank, Montana, David Wiegan, Defendants. To be sold at Sheriff's Sale on the 25th day of October, A. D. 1924, at 2 o'clock P. M. at the front door of the Court House in the City of Shelby, in the said County of Toole, the following property: The east half of the west half (E1-2 W1-2) of section twenty-eight (28) township thirty-two (32) north, range four (4) west, containing 160 acres, more or less, acording to government survey thereof. Dated this 25th day of September, A. D., 1924. H. E. BENJAMIN, Sheriff. W. B. Martin, Under Sheriff. Henderson & Knaack, Attorneys for Plaintiff.


Article from Cut Bank Pioneer Press, April 20, 1928

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NOTICE OF SALE OF REMAINING assets, THE FIRST NATIONAL BANK OF CUT BANK, MONT. The undersigned Receiver of the First National Bank of Cut Bank, Montana, will offer at public sale to the highest bidder, for cash, subject to the approval of the Comptroller of the Currency of the United States, and to confirmation by a court of competent jurisdiction, without recourse and without warranty of any kind or character, at Cut Bank, Montana, on the 1st day of May, 1928. at ten o'clock, all remaining assets of the said First National Bank of Cut Bank, Montana, also trust's equity in collateral held by the Conrad Trust and Savings Bank, Helena, Montana, less such items as may be paid or otherwise disposed of prior to the said date of sale hereinbefore mentioned. A list of the assets so offered for sale will be on file at the office of F. E. VanDemark, Abstractor, at Cut Bank, Montana: E. V. Day, Cut Bank Montana, and at the office of the Receivor of the First National Bank of Cut Bank, Montana, at Havre, Montana, for inspection by interested parties prior to the sale. Said sale will be held at the office of F. E. VanDemark, Cut Bank, Montana. FRANK BROWNE, Receiver of the First National Bank 6-13-3t of Cut Bank, Montana.


Article from Cut Bank Pioneer Press, November 23, 1928

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SHERIFF'S SALE In the District Court, of the nineteenth Juudicial District of the State of Montana in and for the County of Glacier. The Federal Land Bank of SpoPlaintiff, kane, a corporation. versus George A. Bell and Florence R. Bell. husband and wife: Cut Bank, National Farm Loan Association, a corporation; The First National Bank of Cut Bank, Montana. corporation Frank Browne as Receiver of the First National Bank of Cut Bank. Montana, a corporation; Farm. ers State Bank of Cut Bank, Montana. a corporation; Clifford Coover as receiver of the Farmers State Bank of Cut Bank Montana, corporation: State Board of Hail Insurance, Montana, and Glacier County, Montana, a municipal corporation. Defendants. To be sold at Sheriff's Sale at the front door of the Court House at the City of Cut Bank, Glacier County, Montana, on Monday, the 17th day of December, D 1928, at 2:00 o'clock P. M., of said day. all the right. title interest of the above named defendants in and to the following real property. to-wit: The souuthwest quarter (SW4) of CUT BANK HOSPITAL Mrs. M. McAfee, Proprietor Doctors: P. O. Neraal, CutBank M. D. Ridle. J. W Williamson, Shelby Section Thirteen (18): the east half of the west half (E2W2) of Section Fourteen (14) in Township Thirtythree (38) North of Range Five (5) West of the Montana Principal Dated at Cut Bank Montana, this 19th day of November 1928 R. CROFF. Sheriff Glacier County By H. G. EWING. under-sheriff. (First publication Nov. 23rd. 1928.) Max P. Kuhr, Atty for Plaintiff. SHERIFF'S SALE In the District Court, of the nineteenth Judicial District of the State of Montana. in and for the County of Glacier. Harold Bailey versus R. Alex Fox. E. Lander & Co., a corporation. Viennia Peters, J. W Powell, Carl Beardslee James R. Owens. as administrator of the estate of Frank E. Smith, deceased, Dave C. Yegen, and Conrad Securities Corporation, corporation and the State of Mentana. Defendants. To be sold at Sheriff's Sale at the front door of the Court House at the City of Bank County Montana, on Monday. the 17th day of December. A. D., 1928, at 2:00 o'clock P. M of said day, all the right, title and interest of the above named defendants in and to the following real property, to-wit: The south half of the southwest quarter (S2SW4) of Section Two (2). and Lot One (1) of Section Three (3). and the east half of the northeast quarter (E2NE4) of Section Ten (10) and the west half of the northwest quarter (W2NW4) and the northeast quarter of the northwe quarter (NE4NW4) of Section Eleven (11) in Township Thirty seven (37) Nortn of Range Eleven (11) West M. P: M. in Glackr Dated at Cut Bank. Montana this 5th day of Novem er. 1978. CROFF Sheriff Glacier County By H. G. EWING. Under-sheriff. First Publication Nov. 23rd. 1928.)