State Trust & Savings Bank - Albuquerque, NM

Bank Information

Episode Type: Suspension → Closure
Bank Type: savings bank
Start Date: March 24, 1925
Location: Albuquerque, New Mexico (35.084, -106.651)

Metadata

Model: gpt-5-mini
Short Digest: 8ec2c6af

Response Measures

None

Description

Article (Albuquerque Journal, 1925-03-24) refers to K. D. Maddison as receiver of the State Trust and Savings Bank, and a suit to recover trust bonds. No mention of a depositor run in the text. The presence of a receiver implies the bank was closed/placed in receivership; therefore classified as suspension leading to closure. Date of receivership inferred from the article publication date.

Events (1)

1. March 24, 1925 Receivership

Newspaper Excerpt: The Wells Fargo Bank and Trust company of San Francisco ... filed suit ... against K. D. Maddison, as receiver of the State Trust and Savings bank Albuquerque ... The State Trust and Savings bank was trustee of $15,000 trust fund ... invested in the bonds.
Source: newspapers

Newspaper Articles (1)

1. March 24, 1925 Albuquerque Journal Albuquerque, NM

Article from Albuquerque Journal, March 24, 1925

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Article Text

SUE BANK RECEIVER TO GET POSSESSION OF TRUST FUND BONDS The Wells Fargo Bank and Trust company of San Francisco, al. filed suit in district court Monday against K. D. Maddison, as receiver of the State Trust and Savings bank Albuquerque asking to worth of bonds the Western Ice company of Albuquerque transferred to the plaintiff bank to hold in trust for Rosalle Kyrros and George Kyrros, Jr. The State Trust and Savings bank was trustee of $15,000 trust fund which was invested in the bonds.