State Bank - Tremonton, UT

Bank Information

Episode Type: Suspension → Closure
Bank Type: state
Start Date: April 1, 1925*
Location: Tremonton, Utah (41.712, -112.166)

Metadata

Model: gpt-5-mini
Short Digest: 603ec27e

Response Measures

None

Description

Article (Salt Lake Tribune, 1925-04-19) reports the 'closed State Bank of Tremonton' and that a new bank will succeed the closed institution; assets are in the hands of the state examiner. No run is mentioned. This indicates the bank suspended and was being taken over/reorganized (permanent closure with successor). The exact suspension date is not given; article says it 'closed ... some weeks ago.'

Events (2)

1. April 1, 1925* Suspension

Cause: Government Action
Cause Details: Assets placed in hands of the state examiner; state action arranging reorganization/succession.
Newspaper Excerpt: New Bank Will Succeed Tremonton Institution... the closed State Bank of Tremonton, closed some weeks ago.
Source: newspapers

2. April 19, 1925 Receivership

Newspaper Excerpt: All the assets ... be placed in the hands [of] the examiner in charge, acting for the state bank; new organization will succeed the closed bank.
Source: newspapers

Newspaper Articles (1)

1. April 19, 1925 The Salt Lake Tribune Salt Lake City, UT

Article from The Salt Lake Tribune, April 19, 1925

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Article Text

New Bank Will Succeed Tremonton Institution Special The Tribune. BRIGHAM CITY, April new to ceed which the closed State Bank of Tremonton, sucdoors some weeks ago. Under the terms of the ganisation will virtual reopening of the closed bank. In matter suspension heard before Judge Harris district this afternoon, in the made its bank permitting Seth Pixton, cept the proposal of Elliott Tay. lor and associates organize must sume cent the deposit bilities bank receive from the bank assets to selected bank extent the together with excess of the deposit liabilities, placed to the surplus account the institution. All the assets of the Bld corporation poration be placed the hands the examiner charge, acting for the state bank