State Bank and Trust Company

Bank Information

Episode Type: Suspension → Closure
Bank Type: state
Start Date: July 24, 1911
Location: Reno, Nevada (39.530, -119.814)

Metadata

Model: gpt-5-mini
Short Digest: df66ab87

Response Measures

None

Description

Article (dated July 24, 1911) describes the State Bank and Trust Company of Reno as a defunct institution with Frank L. Wildes appointed receiver and a suit by the receiver on behalf of depositors. No run is mentioned; the bank is closed and in receivership. Receiver appointment reportedly occurred before a new banking law took effect.

Events (1)

1. July 24, 1911 Receivership

Newspaper Excerpt: Reno, July 24.-Eugene Howell, state bank examiner, has petitioned the Nevada supreme court for a re-hearing... The test was made by Frank L. Wildes, receiver of the State Bank and Trust company who claimed that the law was inoperative so far as the affairs of that company were concerned because he was appointed receiver before the new law went into effect. The application for a rehearing will further delay the civil suit brought by Wildes, representing the depositors of the defunct institution, against the directors to recover the amount of their deposits.
Source: newspapers

Newspaper Articles (1)

1. July 25, 1911 Arizona Republican Phoenix, AZ

Article from Arizona Republican, July 25, 1911

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Article Text

NEVADA'S BANKING LAW. The State Examiner Believes it Was Wrongly Interpreted. Reno, July 24.-Eugene Howell, state bank examiner, has petitioned the Nevada supreme court for a re-hearing of the matter in which section 79 of the state banking law recently was declared unconstitutional, setting up several grounds in the petition, chief among which is that the decision rendered by the court is not the final judgment in the case. Section 79 of the law makes the state bank examiner custodian of the affairs of all defunct banks. The test was made by Frank L. Wildes, receiver of the State Bank and Trust company who claimed that the law was inoperative SO far as the affairs of that company were concerned because he was appointed receiver before the new law went into effect. The application for a rehearing will further delay the civil suit brought by Wildes, representing the depositors of the defunct institution, against the directors to recover the amount of their deposits.