Sugar Banking Company - Salt Lake City, UT

Episode Information

Episode UID: 31005571572
Episode Type: Run → Suspension → Closure
Bank Type: state
Bank ID: 3100557 routing
Routing Number: 31-0055
Start Date: December 19, 1930
Location: Salt Lake City, Utah (40.761, -111.891)

Metadata

Model: gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest: 39bc3b44031a2221

Response Measures

None

Description

State banking department took charge; unclear from this article whether the bank permanently closed or was later reopened.

Events (3)

1. December 19, 1930 Run

Cause Details: Heavy withdrawals over the prior week that exhausted the bank's liquid funds
Measures: None specified by the bank; heavy withdrawals precipitated state intervention
Newspaper Excerpt: Officials of the bank stated that heavy during the past week had almost exhausted the bank's liquid
Source: newspapers

2. December 20, 1930 Other

Newspaper Excerpt: The bank has been in business 21 years ... has assets to all of its liabilities and pay 100 per cent. Officials ... said the state had been to insure equal distribution to all.
Source: newspapers

3. December 20, 1930 Suspension

Cause: Government Action
Cause Details: State banking department (commissioner) took charge of the bank following depleted liquid funds from heavy withdrawals
Newspaper Excerpt: Officials of the state banking department ... took charge of the Sugar Banking company Sugar House Saturday morning
Source: newspapers

Newspaper Articles (1)

1. December 20, 1930 Deseret News Salt Lake City, UT

Article from Deseret News, December 20, 1930

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Article Text

State Takes Over Sugar House Bank Officials of the state banking de. partment under Commissioner ter H. Hadlock took charge of the Sugar Banking company Sugar House Saturday morning. following board directors Friday night. The bank has been in business 21 years according to its president. R. Free, has as. sets to all of its liabilities and pay 100 per cent. Officials of the bank stated that heavy during the past week had almost exhausted the bank's liquid and that the state had been to insure equal distribution to all.