State Bank and Trust company

Bank Information

Episode Type: Suspension → Closure
Bank Type: state
Start Date: May 1, 1914*
Location: Goldfield, Nevada (37.709, -117.236)

Metadata

Model: gpt-5-mini
Short Digest: 6894425d

Response Measures

None

Description

Articles indicate the bank was already in receivership and is described as a 'defunct institution' with the receiver authorized to sell assets. No article text describes a depositor run, so this is a suspension leading to permanent closure (receivership).

Events (2)

1. May 1, 1914* Suspension

Cause: Bank Specific Adverse Info
Cause Details: Bank was insolvent/defunct leading to appointment of a receiver (references to receiver's reports and large stock holdings being optioned to raise funds).
Newspaper Excerpt: at the last report of the receiver of the bank, held before Judge Langan last month
Source: newspapers

2. October 27, 1914 Receivership

Newspaper Excerpt: petition of Receiver Wildes of the State Bank and Trust company, for an order allowing him to sell the Sullivan ... assets of the defunct institution. After hearing ... the order was granted. Deputy Attorney General Patrick appeared on behalf of the depositors, while George Green attended in behalf of the petitioner. (Carson City Daily Appeal, 1914-10-27)
Source: newspapers

Newspaper Articles (2)

1. June 22, 1914 Carson City Daily Appeal Carson City, NV

Article from Carson City Daily Appeal, June 22, 1914

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Article Text

Big Manhattan Deal Progressing Favorably From parties in from Manhattan the Appeal learns that the negotiation leading to the transfer and sale of the stock of the Stray Dog. Indian Camp and other mines, in which depositors of the State Bank and Trust company are vitally interested. is progressing favorably and it is more than a probability that the deal will be consummated. It will be remembered that at the last report of the receiver of the bank. held before Judge Langan last month. it was stated that a vast amount of stock held by the bank in those companies had been optio 1ed to Jack Salisbury. and that $17. 000 had been paid on the option. with something over $125,000 more to be paid before the end of the year. It develops now that Salsbury is acting for J. D. Hubbard. vicepresident of the Goldfield Consolidated company and associates of Chicago. Mr. Hubbard. who was one of the first owners of the Combination mine of Goldfield and who has made millions in the southern camp, was

2. October 27, 1914 Carson City Daily Appeal Carson City, NV

Article from Carson City Daily Appeal, October 27, 1914

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Article Text

Court Orders Sale Goldfield Property Judge Frank P. Langan came down from Virginia City this morning and held a brief session in the District court. In the case of Hahn against Hahn, a divorce proceeding, the petitioner was granted a decree as prayed for on the grounds of desertion. Pursuant to the advertised notice the court took up the matter of the petition of Receiver Wildes of the State Bank and Trust company, for an order allowing him to sell the Sullivan. Trust company's and the Conner's buildings at Goldfield, assets of the defunct institution. After hearing the statement of Receiver Wildes and there being no objection on the part of the depositors or state, the order was granted. Deputy Attorney General Patrick appeared on behalf of the depositors, while George Green attended in behalf of the petitioner.