21354. Bank of Moroni (Moroni, UT)

Bank Information

Episode Type
Suspension → Closure
Bank Type
state
Start Date
May 4, 1931
Location
Moroni, Utah (39.525, -111.590)

Metadata

Model
gpt-5-mini
Short Digest
f0b7e006

Response Measures

None

Description

Articles (early May 1931) report the Bank of Moroni closed and a receiver (E. H. Street) appointed by the state bank commissioner. No contemporaneous run or heavy withdrawal is described; action appears to be an official suspension/closure with receivership.

Events (2)

1. May 4, 1931 Suspension
Cause
Government Action
Cause Details
Bank closed and placed in receivership under state bank commissioner authority; described as a bank failure/closure being handled by a receiver.
Newspaper Excerpt
E. H. Street, local bank receiver, who has been at Moroni during the past week looking after the bank failure there
Source
newspapers
2. May 9, 1931 Receivership
Newspaper Excerpt
W. H. Hadlock, state bank commissioner, Friday the appointment of E. H. Street as examin[er] charge of the affairs of the Bank of Moroni, now in Mr. Hadlock's hands as ex-officio receiver. Mr. Street also in charge of the defunct Tooele County State bank. R. F. Starley ... will active charge Moroni, under Mr. Street's general supervision. (Salt Lake Tribune, 1931-05-09).  Article of May 13 notes receiver naming an attorney and that the bank recently closed doors.
Source
newspapers

Newspaper Articles (3)

Article from The Transcript-Bulletin, May 8, 1931

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Article Text

If the weather is delightful fol. low this tip Drive to Lion's Lookout on Little mountain, take trip over the new road to Swing Flats in Settlement canyon or why not little jaunt to the Red Gravels It is too bad that these beauty spots are not miles away so that we could appreciate them. The finishing touches on the overhead north of Tooele, including the construction of guard rails along the fill-in, will start Monday It should be ready for traffic very shortly. The first official claim to the body of the unidentified man, be. ing held at the Smith Funeral Home, was received today by Sheriff Evans rom Mrs. Maxine Huntley, Mrs. Huntley is asking for more definite information, she thinks the man may be her husband, who dropped from sight about the time his man killed himself near Timpie by throwing his body in front of truck, April 21st. According to Sheriff Evans, there appears to be slight possibility that the dead man is the woman's hus. band. His line of travel, apparently, was coming from the east. MONDAY, MAY 4, 1931 Fifteen hundred full size Rain bow Trout were planted in Clover creek this morning, as the first step to carry out the new program of the State Fish and Game Department. R S. Terry and T. M Argile, state deputies, were in charge of the planting, with none of the fish that measuring under inches and many of them being 9 inches long. They state that Clover creek is now stocked to capacity. The new policy of the state department to keep the fish in the hatchery until they have reached the 7 or 9 size, means much planted as fingerlings and only small per centage lived. With the new policy, the fish planted today will be ready for the hook in June. North and South Willow, and Vernon creeks are slated to have an equal number of fish within the next few days. Willard Peterson, one of our local postmen, was taken to Salt Lake City yesterday, and expected to undergo an operation for appendicitis this morning. Rodney Pocock is covering Mr. Peterson's route during his absence. The Legion is busy today installing fire places at Swing Flats, as part of their program to make up-to-date outing grounds there. E. H. Street, local bank receiver, who has been at Moroni during the past week looking after the bank failure there, returned to Tooele this morning, and expects to be here during the week. A scramble is being made to se. cure old mining claims in the Mercur district, which have been sold to the county years ago for taxes. The commissioners were busy this morning passing on number of these sales. Gold excitement seems to have struck the Mercur district. Storm clouds have been hanging over Tooele for the past few days, but only trace of moisture has fallen. For the past several years Tooele has been visited with storm about May 10th, according to local weather records. The pres. ent threat may repeat history about time. Unusual interest was manifest in the auditor's tax sale at the court house this morning. E. H. Street, local bank receiver, bid in all delinquent property in which the bank was interested, in order to protect the interests of the bank.


Article from The Salt Lake Tribune, May 9, 1931

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Article Text

Examiner Acts as Bank Receiver W. H. Hadlock, state bank commissioner, Friday the appointment of E. H. Street as examin charge of the affairs of the Bank of Moroni, now in Mr. Hadhands as ex-officio receiver. Mr. Street also in charge of the defunct Tooele County State bank. R. F. Starley, assistant cashier the Pahvant Valley bank at Delta, will active charge Moroni, under Mr. Street's general supervision.


Article from The Salt Lake Tribune, May 13, 1931

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Article Text

Bank Receiver Names Attorney H. Hadlock, state bank commissioner and receiver for the Bank of Moroni, which recently closed doors, announced Tuesday