State Bank (Culbertson, MT)

Episode Information

Episode UID
9721675591489
Episode Type
Suspension → Closure
Bank Type
state
Bank ID
972167559 hash
Start Date
January 14, 1924
Location
Culbertson, Montana (48.144, -104.517)

Metadata

Model
gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
8e0f3d73816ab6fb

Response Measures

None

Description

Both Culbertson banks closed in Jan 1924; State Bank placed under examination and later a receiver was appointed.

Events (2)
1. January 14, 1924 Suspension
Cause
Macro News
Cause Details
Article cites present banking failures throughout the country and constant withdrawals that forced the bank not to open.
Newspaper Excerpt
Owing to a constant withdrawal of funds during the fall and winter the State Bank of Culbertson did not open its doors on Monday, January 14th.
Source
newspapers
2. May 7, 1924 Receivership
Newspaper Excerpt
H. C. Skarle, receiver of the State bank of Culbertson, was appointed joint receiver of both of the local financial institutions which have been closed for some time. The appointment was made by Judge C. E. Comer.
Source
newspapers

Newspaper Articles (15)
1. January 18, 1924 The Searchlight Culbertson, MT
Article from The Searchlight, January 18, 1924

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Article Text

Doors of Both Banks Closed Owing to a constant withdrawal of funds during the fall and winter the State Bank of Culbertson did not open its doors on Monday, January 14th. A representative of the State Banking Department is making a thorough examination and plans for reorganization or liquidation will be carried out as soon as the examination is completed. On the day following the closing of the State Bank the Citizens State Bank did not open for business and as a result Culbertson is left without banking facilities. Business proceeds as usual all with a firm conviction that the above is but a temporary inconvenience. A report of the directors of the Citizens State Bank follows: Owing to a heavy run on the bank, the Citizens State Bank of Culbertson was forced to close its doors on January 16, 1924. The present banking failures throughout the country today has made it a very hard matter to withstand withdrawals and demands as they are being made and it is impossible to face a run of this nature. The representative of the State Banking Department will take charge and the affairs of the bank gone over thoroughly and such plans for reorganization or liquidation to the depositors will be arranged on the completion of his report. We do not know, at this time, how long this will take but the public and depositors can rest assured that everything will be done to arrange matters as soon as possible. Citizens State Bank of Culbertson. Board of Directors. Phone the news to 123.

2. January 25, 1924 The Producers News Plentywood, MT
Article from The Producers News, January 25, 1924

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CLOSES SECOND TIME WITHIN TWO YEARS Culbertson, Jan. -Owing to a NORTHRUP PLEADS constant withdrawal of funds during the fall and winter the State Bank of Culbertson did not open its doors GUILTY TO THEFT on Monday, January 14th. A representative of the State Banking Department is making a thorough exMedicine Lake Man Appears Before amination and plans for reorganizaJudge Comer and Receives Senttion or liquidation will be carried out ence of From 3 to 6 Years. as soon as the examination is completed. John Northrup, who was placed in This is the second time within the jail some time ago on the charge of past two year that the above bank being implicated in the stealing of has closed its doors. automobiles at Medicine Lake, plead On the day following the closing guilty before Judge Camer last Wedof the State Bank. the Citizens State nesday and was sentenced to three to Bank did not open for business and six years in the state penitentiary at as a result, Culbertson is left without Deer Lodge. banking facilities. Business proceeds Due to the efforts of Sheriff Salisas usual but business is very much bury the auto thieves of Sheridan inconvenienced by the sudden stopcounty are being apprehended one page of the general flow of currency. by one and it is reported that there Owing to a heavy run on the bank, will be more arrests follow, until the the Citizens State Bank of Culbertson gang of auto thieves which have been was forced to close its doors on Januoperating in this county for the past ary 16, 1924. year have been cleaned up. The representative of the State Banking Department will take charge and the affairs of the bank gone OVJ.J. CARROL HOME er thoroughly and such plans for reorganization or liquidation to the depositors will be arranged on the comBURNS FRIDAY pletion of his report. Culbertson has been hard hit by this sudden failure of the two banks Five Room House of C. C. Carrol, of the town and many people are Situated 11 Miles Southwest of wondering how they are going to Plentywood Completely Destroyed meet their obligations for the rest of By Fire-Loss Estimated at About the winter. Business has received a $2,000.00. hard blow as a great amount of the cash money of the town was carried Last Friday morning, while Mr. in the banks and is new tied up or Carrols was doing chores in the barn, sunk in those institutions. None of his house, located on the farm, 11 the depositors are able to see the miles southwest of Plentywood caught great Republican cry of four years fire from what is supposed to have ago, "Back to Normalcy." been an over-heated stove and burned

3. January 25, 1924 The Producers News Plentywood, MT
Article from The Producers News, January 25, 1924

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CLOSES SECOND TIME WITHIN TWO YEARS Culbertson, Jan. 18.—Owing to a constant withdrawal of funds during the fall and winter the State Bank of Culbertson did not open its doors on Monday, January 14th. A representative of the State Banking Department is making a thorough examination and plans for reorganization or liquidation will be carried out as soon as the examination is completed. This is the second time within the past two year that the above bank has closed its doors. On the day following the closing of the State Bank, the Citizens State Bank did not open for business and as a result, Culbertson is left without banking facilities. Business proceeds as usual but business is very much inconvenienced by the sudden stoppage of the general flow of currency. Owing to a heavy run on the bank, the Citizens State Bank of Culbertson was forced to close its doors on January 16, 1924. The representative of the State Banking Department will take charge and the affairs of the bank gone over thoroughly and such plans for reorganization or liquidation to the depositors will be arranged on the completion of his report. Culbertson has been hard hit by this sudden failure of the two banks of the town and many people are wondering how they are going to meet their obligations for the rest of the winter. Business has received a hard blow as a great amount of the cash money of the town was carried in the banks and is now tied up or sunk in those institutions. None of the depositors are able to see the great Republican cry of four years ago, "Back to Normalcy." NORTHRUP PLEADS GUILTY TO THEFT Medicine Lake Man Appears Before Judge Comer and Receives Sentence of From 3 to 6 Years. John Northrup, who was placed in jail some time ago on the charge of being implicated in the stealing of automobiles at Medicine Lake, plead guilty before Judge Comer last Wednesday and was sentenced to three to six years in the state penitentiary at Deer Lodge. Due to the efforts of Sheriff Salisbury the auto thieves of Sheridan county are being apprehended one by one and it is reported that there will be more arrests follow, until the gang of auto thieves which have been operating in this county for the past year have been cleaned up. J. J. CARROL HOME BURNS FRIDAY Five Room House of C. C. Carrol, Situated 11 Miles Southwest of Plentywood Completely Destroyed By Fire—Loss Estimated at About $2,000.00. Last Friday morning, while Mr. Carrols was doing chores in the barn, his house, located on the farm 11 miles southwest of Plentywood caught fire from what is supposed to have been an over-heated stove and burned

4. January 25, 1924 The Medicine Lake Wave Medicine Lake, MT
Article from The Medicine Lake Wave, January 25, 1924

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Article Text

BOTH CULBERTSON BANKS CLOSED Owing to a constant withdrawal of funds during the fall and winter the State Bank of Culbertson did not open its doors on Monday, January 14th. A representative of the State Banking Department is making a thorough examination and plans for reorganization or liquidation will be carried out as soon as the examination is completed. On the day following the closing of the State Bank the Citizens State Bank did not open for business and as a result Culbertson is left without banking facilities. Business proceeds as usual all with a firm conviction that the above is but a temporary inconvenience. A report of the directors of the Citizens State Bank follows: Owing to a heavy run on the bank, the Citizens State Bank of Culbertson was forced to close its doors on January 16, 1924.—The Searchlight.

5. May 7, 1924 The Bozeman Courier Bozeman, MT
Article from The Bozeman Courier, May 7, 1924

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Article Text

Receiver for Two Banks H. C. Skarle, receiver of the State bank of Culbertson, was appointed joint receiver of both of the local financial institutions which have been closed for some time. The appointment was made by Judge C. E. Comer.

6. May 8, 1924 The Kevin Review Kevin, MT
Article from The Kevin Review, May 8, 1924

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Article Text

Receiver for Two Banks H. C. Skarle, receiver of the State bank of Culbertson, was appointed joint receiver of both of the local financial institutions which have been closed for some time. The appointment was made by Judge C. E. Comer.

7. May 8, 1924 Belt Valley Times Belt, Armington, MT
Article from Belt Valley Times, May 8, 1924

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# Receiver for Two Banks H. C. Skarle, receiver of the State bank of Culbertson, was appointed joint receiver of both of the local financial institutions which have been closed for some time: The appointment was made by Judge C. E. Comer.

8. May 9, 1924 The Producers News Plentywood, MT
Article from The Producers News, May 9, 1924

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COMER APPOINTS JOINT RECEIVER FOR CULBERTSON BANK For Purposes of Economy in Liquidating Defunct Institutions Skarie Will Attend to Both, Last week, Judge Comer, at Poplar, changed his policy of appointing the cashiers of defunct state banks back as receivers of the banks which they have busted, thus insuring them a fat job at the expense of the defrauded depositors for a couple of years, and appointed a joint receiver for both of the defunct Culbertson banks thus following in the foosteps of other judges in the state who are more interested in protecting depositors than they are in finding jobs for old political henchmen. In reporting the appointment of the receiver at Culbertson, the Searchlight has the following to say: "H. C. Skarie, receiver of the State Bank of Culbertson, was appointed joint receiver of both of the local financial institutions which have been closed for some time. The appointment was made by Judge C. E. Comer who held Law and Motion Day at Poplar Wednesday."

9. July 25, 1924 The Glasgow Courier Glasgow, MT
Article from The Glasgow Courier, July 25, 1924

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BANKS REOPEN AS BUSINESS REVIVES AND CROPS LOOM With a bounteous crop in prospect, a business revival in sight and confidence returning to panicky depositors since the epidemic of bank suspensions has past, bankers and business men throughout the state are at work with renewed energy in the reorganization and reopening of many of the unfortunate institutions, says the Montana Banker. At Havre, the reorganized Security State Bank is to open for business the latter part of July under the name of the Hill County State Bank. The Farmers and Merchants Bank of Winnett has just begun business, succeeding the Winnett State Bank. The committee working on the reorganization of the Commercial National Bank of Miles City announces positively that the program will proceed and that the bank will open in the coming fall. The reorganization of the American Bank and Trust Company of Missoula is proceeding rapidly. A committee has been named to carry on the work and frequent meetings of depositors are being held. Efforts are being made to secure sufficient agreements to enable the First National Bank of Polson to reopen by September 1. A plan for the reopening of the State Bank of Culbertson, whereby the new bank will begin without a penny of borrowed money, has been presented to depositors.

10. April 24, 1925 The Producers News Plentywood, MT
Article from The Producers News, April 24, 1925

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FILE REPORTS FOR INSPECTION Depositors in the State Bank of Culbertson received a dividend payment of twenty per cent and depositors in the Citizens State Bank received a payment of ten per cent on March 14. Receivers certificates were also mailed out on the same date for all claims that had been approved by the court. Mr. Skarie, the receiver, states that these certificates should be carefully preserved for they must be presented when other dividend payments are made. A detailed report of both receiverships will be filed with the clerk of court this week, showing all collections, payments, expenses, etc., which is for the inspection of anyone interested.

11. September 11, 1925 The Producers News Plentywood, MT
Article from The Producers News, September 11, 1925

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Victor E. Johnson, Plaintiff, versus Mary Decouteau, Pierre Decouteau, her husband, H. C. Skarie, as Receiver of State Bank of Culbertson, a corporation, Anthon Eckern, and Mrs. Anton Eckern, his wife, Defendants. # THE STATE OF MONTANA SENDS GREETINGS TO THE ABOVE NAMED DEFENDANTS, AND TO EACH OF THEM: YOU ARE HEREBY SUMMONED to answer the complaint in this action which is filed in the office of the Clerk of this Court, a copy of which is herewith served upon one of you in each county wherein any of you reside, 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. This action is brought to obtain a judgment against the defendants, Mary Decouteau and Pierre Decouteau, her husband, for the sum of One thousand one hundred six and no-100 ($1106.00) dollars, with interest on the sum of fifty and no-100 ($50.00) dollars thereof from and after the 8th day of April, A. D. 1916, at the rate of eight per cent per annum, and interest on the sum of sixty-four and no-100 ($64.00) dollars thereof from and after the 8th day of April, A. D. 1917, at the rate of eight per cent per annum, and interest on the sum of sixty-four and no-100 ($64.00) dollars thereof from and after the 8th day of April A. D. 1918, at the rate of eight per cent per annum, and interest on the sum of sixty-four and no-100 ($64.00) dollars thereof from and after the 8th day of April, A. D. 1919, at the rate of eight per cent per annum; and interest on the sum of eight hundred sixty-four and no-100 ($864.00) dollars, the balance thereof, from and after the 8th day of April, A. D. 1920, at the rate of eight per cent per annum, and for the sum of $100 attorney's fees for the prosecution of this action, and for the sum of $3.25 as cost of a continuation of an abstract of title to the premises hereinafter described, and for plaintiff's costs and disbursements in this action; having all of the aforesaid indebtedness adjudge a valid lien upon the southwest quarter (SW¼) of section twenty-seven (27) in township thirty-one (31) north of range fifty-five (55) east of the Montana Meridian, containing one hundred sixty (160) acres, more or less, according to the United States Government Survey thereof, together with the improvements situated thereon. Plaintiff seeks a foreclosure of that certain real estate mortgage made, executed, and delivered by Mary Decouteau and Pierre Decouteau, her husband, to Eugene Caves, on the 8th day of April, A. D. 1915, and duly filed for record in the office of the County Clerk and Recorder of Sheridan County, Montana, on the 10th day of April A. D. 1915, at 4:00 P. M. of the said day, in Book 83

12. November 27, 1925 The Producers News Plentywood, MT
Article from The Producers News, November 27, 1925

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VICTOR E JOHNSON, Plaintiff, versus MARY DECOUTEAU, PIERRE DECOUTEAU, her husband, H. C. SKARIE, as Receiver of State Bank of Culbertson, a corporation, ANTHON ECKERN, and MRS. ANTHON ECKERN, his wife, Defendants. To be sold at Sheriff's Sale, to the highest bidder for cash, on the 5th day of December, A D. 1925, at the hour of two o'clock in the afternoon of the said day, at the front door of the Court House in the Town of Plentywood, Sheridan County, Montana, the following described real property, situated in the County of Sheridan, State of Montana. to-wit: é The Southwest quarter (SW1/4) of Section Twenty-seven (27) in Township Thirty-one (31) North of Range Fifty-five (55) East of the Montana meridian, containing one Hundred Sixty (160) acres, more or less, according to the United States Government Survey, thereof; toegther with all and singular the tenements, hereditaments and appurtenances thereunto blonging, or in any wise appertaining. Dated this 10th day of November, A. D. 1925. RODNEY SALISBURY, Sheriff of Sheridan County, Mont. NYQUIST & NYQUIST, Attorneys for Plaintiff, Scobey, Montana. 32-t4

13. November 26, 1926 The Producers News Plentywood, MT
Article from The Producers News, November 26, 1926

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Burns is out on a $1,000 cash bond. He waived preliminary hearing before Justice Moon at Culbertson. He is also out on bond on a liquor charge in connection with a big raid at Culbertson several weeks ago. Walter Jones, serving sentence in the county jail for having in his possession intoxicating liquor, had applied for a remission of part of his sentence. Jones was arrested last June, and pleaded guilty to the charge in district court. He was sentenced to 60 days in jail and $200 fine. Not having the money he was required to serve out the fine at the rate of $2 a day. He petitioned to have part of the fine remitted, but at his hearing before Judge Paul it was brought out that he had eight work horses and a homestead all unincumbered. Judge Paul continued the hearing until the next law and motion day which will be on Dec. 8. In the case of Mary E. Moore versus R. J. Moore which is a suit regarding the division of property. A demurrer had been entered by the attorneys for the defendant, Rhoads and Hallett. The judge overruled this demurrer and gave the defendant 30 days in which to reply. In the case of Pearl Bartz versus the Great Northern railroad Veazy & Veaszy for the railroad entered a demurrer. Judge Paul overruled the demurrer and gave the defendants 30 days in which to answer. The suit was for damages for the death of Wilbur Fred Bartz, son of Mrs. it, Paul Bartz, who met death about two ed years ago. er Divorce Granted. ed A divorce was granted Minnie L. er Davey from J. Lovell Davey. This n case was first heard on November 3 to and then taken under advisement. er The divorce case of George Wettlin versus Alice Wettlin was called up rThere being on appearance by either is side, default was entered and the acase continued until further notice. of Judge Paul signed orders author eizing receivers of the Security State bank at Wolf Point, the Citizens on bank of Culbertson and the Culbert ce son State bank, to pay the taxes or ny the property owned by these banks. he In the afternoon the judge presid ed over naturalization day of court his District Director of Naturalization ore Del L. Sullivan of Denver, appeare ns, for the department of labor. The for following petitioners were heard ovtheir witnesses examined, and the n't were admitted to citizenship: Lazari He Serapin Mamanas, Glasgow; Niel est Pederson, Scobey; John O. Bakker art Glasgow; Oliver L. Nordwich, Dow ng who came in under the act of 1926 til extending citizenship to honorabl isg discharged soldiers and sailors.

14. February 1, 1929 The Wolf Point Herald Wolf Point, MT
Article from The Wolf Point Herald, February 1, 1929

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# NOTICE OF APPLICATION FOR TAX DEED To: Agnes Brown, Doland, South Dakota; Barnes Bros., Inc., Minneapolis, Minnesota; State Bank of Culbertson, a corporation and H. C. Skarie, Receiver of the State Bank of Culbertson, Montana, and to whom it may concern: You, and each of you are hereby notified that the south half of the southwest quarter of Section One West half of the Northwest Quarter of Section Twelve; and the East half of the Northeast Quarter of Section Eleven, all in Township Twenty-eight, North of Range Fifty-five, Roosevelt County, Montana, was sold to Roosevelt County, Montana, on October 1st, 1923, for delinquent taxes for the year 1922 on the said property, for the sum of $53.16. That since that time the 1923, 1924, 1925, 1926 and 1927 taxes on the said land became delinquent. That on October 15th, 1928, the undersigned, purchased from Roosevelt County, Montana, the certificate of sale issued on October 1st, 1923 for the said property, together with all subsequent certificates of sale for delinquent taxes, all of which were assigned to the undersigned for the sum of $341.87, being for the total amount of delinquent taxes, interest, costs and penalties to that date. You are further notified that in order to redeem the said land the redemptioneer must pay the sum of $341.87. together with interest from October 15th, 1928, at one per cent per month, and fee of $3.00, and that the 1928 taxes are delinquent. You are further notified that the undersigned, Schnitzler Corporation, will on the 28th day of February, A. D. 1929, at the hour of Ten O'clock A. M. of said day, apply for a tax deed to the said and to the County Treasurer of Roosevelt County, Montana, unless redemption is made according to law. Dated January 23rd, 1929. SCHNITZLER CORPORATION. By THOS. L. RYERSON, Sec'y-Treas. MARRON & FOOR, Attorneys for Applicant. (50-2t)

15. March 14, 1930 The Wolf Point Herald Wolf Point, MT
Article from The Wolf Point Herald, March 14, 1930

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CIVIL COURT ACTIONS Several civil matters have come up before Judge Paul this week. In the matter of the State VS. The Citizen's State Bank of Culbertson, H. C. Skarie receiver, the court signed an order approving the sale of the remaining assets of the bank. The court also signed a similar order in connection with the State Bank of Culbertson. Titles were quieted in the suit of A. E. Kelsey against Ole Sandness and in the suit of A. E. Kelsey against Schmide. Eric Moum was appointed 0.torney to defend Wm. Ledbetter. The charge is that of selling liquor to minors. Willard Butzlaff and Roy Curry have qualified as bondsmen in the case of the State against Robert McKenzie.