Winnemucca State Bank & Trust Company

Bank Information

Episode Type: Suspension → Closure
Bank Type: trust company
Start Date: January 5, 1932
Location: Winnemucca, Nevada (40.973, -117.736)

Metadata

Model: gpt-5-mini
Short Digest: 92b4d3b6

Response Measures

None

Description

Newspaper (LA Times) reports State Bank Examiner Seaborn closed the Winnemucca State and Trust Company on or before publication date (1932-01-05) citing frozen assets, excess loans and weakness. No run is mentioned; closure appears to be by state examiner/government action. OCR errors in original (missing words) corrected.

Events (1)

1. January 5, 1932 Suspension

Cause: Government Action
Cause Details: Closed by State Bank Examiner Seaborn because of frozen assets, excess loans and general weakness; examiner took charge and closed the bank.
Newspaper Excerpt: State Bank Examiner Seaborn took today of the Winnemucca State and Trust Company, which had been weakened... frozen assets, excess loans and gradual
Source: newspapers

Newspaper Articles (1)

1. January 5, 1932 The Los Angeles Times Los Angeles, CA

Article from The Los Angeles Times, January 5, 1932

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Article Text

New Partner in Morgan House NEW YORK, Charles Denston Dickey heretofore partner in Brown Brothers. has member Morgan Co., the 2nd In addition to the Morgan New York house, Mr. Dickey becomes member Drexel Co., Philadelphia, Grenfell London, and Morgan & Cie, Paris, NEVADA BANK CLOSES WINNEMUCCA (Nev.) Jan. State Bank Examiner Seaborn took today of the Winnemucca State and Trust Company, which had been weakened. said. frozen assets, excess loans and gradual The bank has surplus deposits amounting to $256,000.