Midvale State Bank - Midvale, UT

Bank Information

Episode Type: Suspension → Closure
Bank Type: state
Start Date: January 16, 1932
Location: Midvale, Utah (40.611, -111.900)

Metadata

Model: gpt-5-mini
Short Digest: 41c2db63

Response Measures

None

Description

Article states the Midvale State Bank suspended business on January 16, 1932 and a petition to liquidate (appoint examiner/receiver) was filed March 29, 1932. The immediate cause of the suspension is not described in the excerpt; liquidation petition suggests voluntary winding-up but may also reflect regulatory action — I mark the suspension as leading to permanent closure (liquidation).

Events (2)

1. January 16, 1932 Suspension

Cause: Voluntary Liquidation
Cause Details: Article does not state trigger for suspension; bank had suspended business on Jan 16 and subsequently a liquidation petition was filed.
Newspaper Excerpt: the defunct Midvale State bank, which suspended business January 16, 1932
Source: newspapers

2. March 29, 1932 Receivership

Newspaper Excerpt: Petition for liquidation of the assets of the defunct Midvale State bank ... was filed in Third district court Tuesday ... asks that Herbert (to) be appointed examiner in charge of the institution and that he be authorized to publish notices to creditors ... signed by Judge William H. Bramel. An (inventory) of the bank's assets filed with the petition shows ... deposits of various kinds.
Source: newspapers

Newspaper Articles (1)

1. March 29, 1932 Salt Lake Telegram Salt Lake City, UT

Article from Salt Lake Telegram, March 29, 1932

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Article Text

TO LIQUIDATE MIDVALE BANK FILED Petition for liquidation of the assets of the defunct Midvale State bank, which suspended business January 16, 1932, was filed in Third district court Tuesday by State Bank Walter Hadlock petition asks that Herbert lor be appointed examiner in charge of the institution and that he be thorized to publish notices to creditors that bank should be filed before May 31, 1932. Dan Shields appeared attorney examiner the signed by Judge William H. Bramel. An of the bank's assets filed with the petition shows that of which are balanced by Mabilities of the same amount, which represents deposits of various kinds.