21381. Park City Bank (Park City, UT)

Bank Information

Episode Type
Suspension → Closure
Bank Type
state
Start Date
July 10, 1903
Location
Park City, Utah (40.646, -111.498)

Metadata

Model
gpt-5-mini
Short Digest
32de0eb5

Response Measures

None

Description

Articles (July 5–11, 1903) report that W. W. Armstrong was receiver of Park City bank and filed his final report for distribution of assets. No article describes a depositor run or temporary suspension prior to receivership; the bank appears to have been placed in receivership and remains closed. Date for the receiver's final report/hearing is 1903-07-10 (per notices); the final report was filed by that date.

Events (1)
1. July 10, 1903 Receivership
Newspaper Excerpt
W. W. Armstrong, receiver of said Park City bank, ... will on Friday, the 10th day of July, 1903, ... present his report as receiver to said court
Source
newspapers

Newspaper Articles (3)
1. July 5, 1903 The Salt Lake Herald Salt Lake City, UT
Article from The Salt Lake Herald, July 5, 1903

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Article Text

IN THE THIRD DISTRICT COURT of Utah, Salt Lake county. Edward McLaughlin, executor of the will of Cornelius McLaughlin, dèceased, plaintiff, vs. Park City bank, a corporation, defendant. Notice.-To the creditors of said Park City bank. and to whomsoever it may concern: You are hereby notified that W. W. Armstrong. receiver of said Park. City bank, in the above entitled case, will on Friday, the 10th day of July, 1903, at 10 c'elock a. m., or as soon thereafter as the matter can be heard, present his report as rèceiver to said court, the equity division thereof. for examination and approval and will at said time pray said court to allow him his expenses incurred and to fix and allow a reasonable compensation for himself and his counsel. and to direct to whom payment shall be made of the money remaining in his hands as such receiver. W. W. ARMSTRONG, Receiver.

2. July 8, 1903 The Salt Lake Herald Salt Lake City, UT
Article from The Salt Lake Herald, July 8, 1903

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Article Text

IN THE THIRD DISTRICT COURT of Utah, Salt Lake county. Edward McLaughlin, executor of the will of Cornelius McLaughlin, deceased, plaintiff. vs. Park City bank, a corporation, defendant. Notice.-To the creditors of said Park City bank. and to whomsoever it may concern: You are hereby notified that W. W. Armstrong, receiver of said Park City bank, in the above entitled case, will on Friday, the 10th day of July, 1903, at 10 o'clock a. m., or as soon thereafter as the matter can be heard, present his report as receiver to said court, the equity division thereof, for examination and approval and will at said time pray said court to allow him his expenses incurred and to fix and allow a reasonable compensation for himself and his counsel, and to direct to whom payment shall be made of the. money remaining in his hands as such receiver. W. W. ARMSTRONG, Receiver,

3. July 11, 1903 The Salt Lake Herald Salt Lake City, UT
Article from The Salt Lake Herald, July 11, 1903

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Article Text

District Court Notes. J. H. Clark and Z. Graham, convicted of grand larceny, and Albert Clark, convicted of receiving stolen property, will be sentenced in the district court today. Judge Charles W. Morse is holding court at Price. Today he will have a number of arraignments and will pass sentence on several prisoners who have been convicted. Judge William C. Hall yesterday granted Olive Daniels a divorce from Dillwin Daniels on the grounds of desertion. The couple were married in this city on August 23, 1899. An order was entered yesterday by Judge William C. Hall directing W. T. Jones to pay his wife $10 per month until certain debts are paid, when he is to pay his wife $20 per month until further order of the court. Emma Wallace was yesterday granted a divorce from Thomas Wallace, an ex-soldier. on the grounds of desertion. The testimony brought out the fact that the couple, who married in this city about two years ago, only lived together about six weeks. The Zion Savings Bank and Trust company yesterday brought suit in the district court against H. B. Clawson to foreclose on 700 shares of BullionBeck and Champion Mining company stock, given as security on December 31, 1897, for a loan of $2,400. The receiver in the matter of Edward McLaughlin. executor, vs. the Park City bank. filed his final report yesterday with Judge Hall, who took it under advisement. It provides for the distribution of the property. The receiver was awarded $500. The attorneys were given an equal sum. The will of William J. Lloyd, who died May 29, leaving an estate of $40,000. was yesterday filed for probate. John H. Lloyd was named as executor in the will. Attorney W. R. Hutchinson. in behalf of several heirs, asked that Lloyd be placed under good and sufficient bond. The motion was overruled. Judge William C. Hall yesterday set aside the judgment in the case of the Madsen Gold Mining and Milling company vs. H. H. Peterson et al. on motion of the defendants. The judgment was rendered on June 5, in which it was denied that C. J. Peterson is the owner of 67,575 shares of stock of the development company. If William H. Green can raise $50, he will be released from the county jail. If he can not, he must remain there until July 14. He was sent to jail by Judge William C. Hall for disobeying an order of the court, which stipulated that he must pay his wife, Emma Green, half of his daily earnings to enable her to support herself and their little children.