First Savings Bank & Trust Company

Bank Information

Episode Type: Suspension → Closure
Bank Type: trust company
Start Date: July 27, 1934
Location: Albuquerque, New Mexico (35.084, -106.651)

Metadata

Model: gpt-5-mini
Short Digest: 26659b89

Response Measures

None

Description

Article (Albuquerque Journal, 1934-07-27) reports receivers of First Savings Bank and Trust Company suing on a note; receivers (William H. Powell and Lester Cooper) are named, indicating the bank was in receivership/closed. The article does not mention a depositor run or an earlier suspension explicitly, but receivership implies closure; classified as suspension_closure because there is closure with receivers appointed and no evidence of a run or reopening in the provided text.

Events (1)

1. July 27, 1934 Receivership

Newspaper Excerpt: The receivers, William H. Powell and Lester Cooper, allege that the entire amount and eight per cent interest are due... filed in district court Thursday afternoon by the receivers of the First Savings Bank and Trust company ... they ask for foreclosure on the collateral.
Source: newspapers

Newspaper Articles (1)

1. July 27, 1934 Albuquerque Journal Albuquerque, NM

Article from Albuquerque Journal, July 27, 1934

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Article Text

Bank Receivers Sue Quebedeaux On $37,400 Note Suft for $37,400. allegedly due on note signed in December 1932. was filed in district court Thursday afternoon by the receivers of the First Savings Bank and Trust company against T. M. Quebe- The receivers, William H. Powell and Lester Cooper, allege that the entire amount and eight per cent interest are due, ask for judgment for that amount, plus 10 per cent attorney's fees. The complaint says that collateral put up by Quebedeaux, 100 shares of Lakey Foundry and Machinery company, and 449 shares of the Central Credit corporation is of small value, "not worth over $10,000. They ask for foreclosure on the collateral.