13005. Nevada Loan & Trust Company (Reno, NV)

Bank Information

Episode Type
Suspension → Closure
Bank Type
trust
Start Date
February 3, 1914
Location
Reno, Nevada (39.530, -119.814)

Metadata

Model
gpt-5-mini
Short Digest
2759c8a4e5f0638e

Response Measures

None

Description

Articles (Feb–May 1914) report the Nevada Loan & Trust Company of Reno placed in receiver's hands and possible investigation by stockholders. No mention of a depositor run or a temporary suspension/reopening; receiver appointed implies permanent closure/administration.

Events (2)
1. February 3, 1914 Receivership
Newspaper Excerpt
RECEIVER FOR NEVADA LOAN & TRUST COMPANY ... S. W. Stitt, a creditor ... has been named receiver. ... The company is unable to meet the policies it issued ... the president ... has therefore asked that a receiver be appointed to handle the affairs ...
Source
newspapers
2. May 9, 1914 Other
Newspaper Excerpt
RENO COMPANY MAY BE INVESTIGATED ... the recent action of putting the Nevada Loan & Trust company of Reno in a receiver's hands may lead to a thorough investigation of the business ... a good many stockholders ... are dissatisfied ...
Source
newspapers

Newspaper Articles (2)
1. February 3, 1914 The Silver State Winnemucca, NV
Article from The Silver State, February 3, 1914

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Article Text

RECEIVER FOR NEVADA LOAN & TRUST COMPANY S. W. Stitt, a creditor of the Nevada Loan & Trust company, of Reno, who with the president of the company, J. M. McCormick, asked that a receiver be appointed for the company, has been named receiver. James A. Breen objected to Stitt being named receiver. The company is unable to meet the policies it issued several years ago and the president of the company has therefore asked that a receiver be appointed to handle the affairs and also for a restraining order to prevent the stockholders suing the company.

2. May 9, 1914 The Pioche Record Pioche, NV
Article from The Pioche Record, May 9, 1914

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Article Text

RENO COMPANY MAY BE INVESTIGATED There is some ground for the be iief that the recent action of putting the Nevada Loan & Trust company of Reno in a receiver's hands may lead to a thorough investigation of the business of that company. A good many stockholders, it is said, are lissatisfied with the manner in which the company's affairs have M conducted.