State Bank and Trust Company

Bank Information

Episode Type: Suspension → Closure
Bank Type: state
Start Date: May 21, 1918
Location: Tonopah, Nevada (38.067, -117.230)

Metadata

Model: gpt-5-mini
Short Digest: 85be90d2

Response Measures

None

Description

Article (Tonopah Daily Bonanza, 1918-05-21) reports Receiver Frank Wildes handling sale of the Tonopah bank building owned by the State Bank and Trust Company, indicating the bank is in receivership (permanently closed). No explicit mention of a depositor run; therefore classified as a suspension leading to closure/receivership.

Events (2)

1. May 21, 1918 Other

Newspaper Excerpt: Judge Langan ... denied the petition ... for confirmation of the sale by Receiver Frank Wildes of the Tonopah Bank building owned by the State Bank and Trust company.
Source: newspapers

2. May 21, 1918 Receivership

Newspaper Excerpt: sale by Receiver Frank Wildes of the Tonopah Bank building owned by the State Bank and Trust company.
Source: newspapers

Newspaper Articles (1)

1. May 21, 1918 Tonopah Daily Bonanza Tonopah, NV

Article from Tonopah Daily Bonanza, May 21, 1918

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Article Text

SALE OF TONOPAH BANK BUILDING NOT APPROVED CARSON CITY, May 21.-Judge Langan at Saturday afternoon's session of the district court denied the petition presented by Attorney George S. Green for confirmation of the sale by Receiver Frank Wildes of the Tonopah Bank building owned by the State Bank and Trust company. William McKnight, deputy, opposed the petition on behalf of the attorney general, as he did not consider the proposed sale advantageous to the depositors of the bank inasmuch as the building yields an annual income of $7000, an amount equal to 15 per cent of the proposed sale price.