Battle Mountain State Bank - Battle Mountain, NV

Bank Information

Episode Type: Suspension → Closure
Bank Type: state
Start Date: December 13, 1932
Location: Battle Mountain, Nevada (40.642, -116.934)

Metadata

Model: gpt-5-mini
Short Digest: 05e00331

Response Measures

None

Description

Article (Dec 14, 1932) reports state bank examiner took Battle Mountain State Bank into custody as part of Nevada banking holiday/moratorium. No run is mentioned; takeover by examiners is government action. The article does not state reopening, and banks were taken over to forestall receivership, so classified as suspension leading to closure/receivership.

Events (1)

1. December 13, 1932 Suspension

Cause: Government Action
Cause Details: State bank examiner took the bank into custody as part of Nevada's banking holiday/moratorium (ordered Nov 1) to forestall filing of actions and prevent receiverships of Wingfield chain banks.
Newspaper Excerpt: E. J. Seaborn, state bank examiner, said the 12 banks of the Wingfield chain and the Battle Mountain State bank were taken over Tuesday to forestall filing of actions to establish preferential claims.
Source: newspapers

Newspaper Articles (1)

1. December 14, 1932 The Bismarck Tribune Bismarck, Mandan, ND

Article from The Bismarck Tribune, December 14, 1932

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Article Text

Examiners Take Over 13 Banks in Nevada Reno, Nev., Dec. 14.-(P)-Nevada's banking holiday was history Wednesday with the 13 institutions which took advantage of the moratorium called Nov. 1, in the hands of bank examiners. E. J. Seaborn, state bank examiner, said the 12 banks of the Wingfield chain and the Battle Mountain State bank were taken over Tuesday to forestall filing of actions to establish preferential claims. The holiday was ordered to prevent the Wingfield banks. from going into receivership with a consequent liquidation of assets. The Wingfield banks have combined assets of $15,000,000 and nosources of about $21,000,000.