London Bank - Salt Lake City, UT

Bank Information

Episode Type: Suspension → Closure
Bank Type: state
Start Date: April 3, 1884
Location: Salt Lake City, Utah (40.761, -111.891)

Metadata

Model: gpt-5-mini
Short Digest: 33ff3971

Response Measures

None

Description

Article (Apr 3, 1884) reports the London Bank of Utah was attached by U.S. Marshal and closed pending litigation, locking up deposits. Complaint alleges misappropriation of checks tied to Mammoth mine transactions — bank-specific adverse information. No reopening mentioned.

Events (1)

1. April 3, 1884 Suspension

Cause: Bank Specific Adverse Info
Cause Details: Attached by creditor; complaint alleges appropriation of checks and problems arising from Mammoth mine transactions (possible misappropriation/embezzlement).
Newspaper Excerpt: The London Bank of Utah has been attached by W. H. H. Bowers for $50,000. The bank is in the hands of the United States Marshal, and has been closed pending the litigation, locking up over $100,000 of deposits.
Source: newspapers

Newspaper Articles (1)

1. April 4, 1884 Sacramento Daily Record-Union Sacramento, CA

Article from Sacramento Daily Record-Union, April 4, 1884

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Article Text

utah. Business Failure-Bank Attached-The Denver and Rio Grande Situation. SALT LAKE, April 3d.-Goldstein & Bro., clothing dealers, have assigned. Liabilities, $18,000; estimated assets, $2,500. The London Bank of Utah has been attached by W. H. H. Bowers for $50,000. The bank is in the hands of the United States Marshal, and has been closed pending the litigation, locking up over $100,000 of deposits. The trouble originated in the Mammoth mine transactions. The complaint of Bowers alleges that checks payable to his order, not indorsed, were appropriated by the bank. No change has taken place in the Denver and Rio Grande situation. The road is operating as usual.