State Bank - Payson, UT

Bank Information

Episode Type: Suspension → Reopening
Bank Type: state
Start Date: November 17, 1932
Location: Payson, Utah (40.044, -111.732)

Metadata

Model: gpt-5-mini
Short Digest: bb1ca1b9

Response Measures

None

Description

Article (Nov 17, 1932) states the 'closed State Bank of Payson' and community leaders proposing plans to reopen with local capital. No run is mentioned; suspension is already in effect and community intends reopening, but no evidence in these articles that reopening has occurred yet.

Events (1)

1. November 17, 1932 Suspension

Cause Details: Article does not state a cause for the suspension/closing; only discusses plans to reopen and that it was closed.
Newspaper Excerpt: the closed State Bank of Payson ... The bank should be reopened and not fiquidated, he said. and proposed plans leading to an early opening
Source: newspapers

Newspaper Articles (1)

1. November 17, 1932 The Springville Herald Springville, UT

Article from The Springville Herald, November 17, 1932

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Article Text

recentappointed state bank commiscioner. H. Street and Jeff BalIff, in charge of affairs the closed State Bank of Payson were the guest speakers at the regular dinner of the Payson Lions club held Monday night at the Payson Mr. Malia discussed the bank situation in general the present time causes bank failures and particularly in relation to the closing the Payson bank. The bank should be reopened and not fiquidated, he said. and proposed plans leading to an early opening The felt that the best interest for Payson reopen the bank with people local capital and that the plan to followed. Vocal selections were given Dean Wightman. accompanied Mrs. May Dixon