14637. State Bank & Trust Company (Tonopah, NV)

Bank Information

Episode Type
Suspension → Closure
Bank Type
state
Start Date
April 20, 1918
Location
Tonopah, Nevada (38.067, -117.230)

Metadata

Model
gpt-5-mini
Short Digest
38364b82

Response Measures

None

Description

Articles (Apr and Jun 1918) refer to the State Bank & Trust Company as defunct and mention Receiver Frank Wildes and attempts to sell the bank building. No article describes a depositor run; the bank was in receivership and effectively closed. Sale confirmation was later denied by court (Jun 1, 1918).

Events (3)
1. April 20, 1918 Receivership
Newspaper Excerpt
purchased the State Bank building from Frank Wildes, receiver for the defunct State Bank & Trust company.
Source
newspapers
2. April 20, 1918 Suspension
Cause Details
Bank is described as defunct and in receivership; articles do not state the trigger for suspension or insolvency.
Newspaper Excerpt
the defunct State Bank & Trust company. ... receiver Frank Wildes
Source
newspapers
3. June 1, 1918 Other
Newspaper Excerpt
Judge Langan ... has denied the petition for confirmation of the sale by Receiver Frank Wildes of the Tonopah bank building owned by the State Bank & Trust company.
Source
newspapers

Newspaper Articles (2)
1. April 20, 1918 The Goldfield News and Weekly Tribune Goldfield, NV
Article from The Goldfield News and Weekly Tribune, April 20, 1918

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Article Text

# Tonopah Building Sold The Nevada First National bank of Tonopah recently purchased the State Bank building from Frank Wildes, receiver for the defunct State Bank & Trust company. The First National bank has occupied the rooms formerly used by the state bank for several years. The building, which is five stories high, cost a fortune to build and is one of the finest in the state.

2. June 1, 1918 The Goldfield News and Weekly Tribune Goldfield, NV
Article from The Goldfield News and Weekly Tribune, June 1, 1918

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Article Text

Bank Sale Not Approved Judge Langan, in the district court at Carson, has denied the petition for confirmation of the sale by Receiver Frank Wildes of the Tonopah bank building owned by the State Bank & Trust company. William McKnight, deputy attorney general, opposed the petition, saying he did not consider the proposed sale advantageous to the depositors of the bank inasmuch as the building yields an annual income of $7,000, an amount equal to 15 per cent of the proposed sale price.