Midvale State Bank - Midvale, UT

Bank Information

Episode Type: Suspension → Closure
Bank Type: state
Start Date: September 14, 1934
Location: Midvale, Utah (40.611, -111.900)

Metadata

Model: gpt-5-mini
Short Digest: 77344b1d

Response Measures

None

Description

Article (Deseret News, 1934-09-14) states the 'closed Midvale State bank' and describes the state bank commissioner's suit to collect assessments from stockholders. No run is mentioned; closure appears to be by regulatory action leading to permanent closure.

Events (2)

1. September 14, 1934 Other

Newspaper Excerpt: Seeking collection of 100 per cent assessment against 10 stockholders in the closed Midvale State bank. suit was filed yesterday ... The suit, was filed by John A. Malia, state bank commissioner.
Source: newspapers

2. September 14, 1934 Suspension

Cause: Government Action
Cause Details: Closed and under action by the state bank commissioner; assessments against stockholders being collected by suit.
Newspaper Excerpt: closed Midvale State bank.
Source: newspapers

Newspaper Articles (1)

1. September 14, 1934 Deseret News Salt Lake City, UT

Article from Deseret News, September 14, 1934

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Article Text

State Sues to Get Bank Assessments Seeking collection of 100 per cent assessment against 10 stockholders in the closed Midvale State bank. suit was filed yesterday in the Third district court against Robert E. Dimond, E. L. Burgon, Agnes Booth. Niels Hansen, John A. Larson as executor of the estate of Charles Larson, deceased: Emma M. Barnes, Nan Chipman, John C. Schneller, and D. Todd. Jr. The suit, was filed by John A. Malia, state bank commissioner. who alleges that assessments made against the defendants have not been paid. What Mr. Hoover probably meant to say was "ragged individualism."