Article Text
(Special to the Bonanza) CARSON CITY, Nev., Jan. 29. Judge, Langan decided the State Bank and Trust company case today in favor of the depositors and al lowed Receiver Wildes' fees allowed
State Bank & Trust Company (Carson City, NV)
Episode Information
- Episode UID
3233091091429- Episode Type
- Suspension → Closure
- Bank Type
- trust
- Bank ID
-
323309109hash - Start Date
- January 29, 1919
- Location
- Carson City, Nevada (39.164, -119.767)
Metadata
- Model
- gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
- Short Digest
52524d3c2474d88f
Response Measures
None
Description
Long-running receivership and repeated court actions indicate a permanently closed/defunct institution.
Events (6)
1.
January 29, 1919
Receivership
- Newspaper Excerpt
- Judge Langan decided the State Bank and Trust company case today in favor of the depositors and allowed Receiver Wildes' fees allowed
- Source
- newspapers
2.
March 9, 1919
Other
- Newspaper Excerpt
- who lost their savings through the failure of the State Bank and Trust company of that city
- Source
- newspapers
3.
January 3, 1920
Other
- Newspaper Excerpt
- attorneys for Frank M. Wildes as receiver of the State Bank and Trust company are allowed a fee of $28,500
- Source
- newspapers
4.
April 11, 1924
Other
- Newspaper Excerpt
- A fourth dividend... for depositors of the State Bank & Trust company
- Source
- newspapers
5.
November 3, 1924
Other
- Newspaper Excerpt
- An order vacating the appointment of Gilbert Ross... as receiver of the State Bank and Trust Company
- Source
- newspapers
6.
*
Suspension
- Cause Details
- Bank had failed previously and was placed in receivership; suspension date not specified in provided articles.
- Newspaper Excerpt
- the failure of the State Bank and Trust company of that city
- Source
- newspapers
Newspaper Articles (11)
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Judge McFadden to Decide Noted Case Judge McFadden will be called to sit in judgment in one of the final appearances in court of one of the oldest cases and one that will be remembered for a life time by many citizens of Carson City, who lost their savings through the failure of the State Bank and Trust company of that city. The information was received by Judge McFadden in a letter received Friday from Governor Boyle stating that Attorney General Fowler and Attorneys Mack and Green, appearing for the receiver in the case of the State of Nevada vs. the State Bank & Trust company of Carson, have entered into a stipulation assented to by District Judge F. P. Lanyon in which it is agreed to have Governor Boyle call a district judge to hear and determine any and all matters touching and affecting the Axing and allowance of attorneys fees and compensation for the receiver in the action. The governor wrote that he had learned that Judge Taber of Elko had declared himself disqualified through reason of a former partnership and requested Judge McFadden to act, writing "I have therefore named and called you in the place of and stead of Judge Taber. I sincerely hope that you will not find yourself disqualified in any way and I am sure that you will do a distinctive service by disposing of this matter."
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Judge McFadden to Hear Bank Case Judge C. J. McFadden expects to leave this morning for Carson City, where he has been called by Governor Boyle to occupy the judge's bench in the receivership case of the State Bank and Trust company.
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FEE OF ATTORNEYS IN STATE BANK CASE $28,500 In a decision filed in the Carson City district court by District Judge McFadden the attorneys for Frank M. Wildes as receiver of the State Bank and Trust company are allowed a fee of $28,500 for their services in connection with the affairs of the defunct institution. The attorneys for the receiver are Mack and Green and A. A. Heer. The case was heard before District Judge McFadden under an agreement between the receiver's attorneys and Attorney General Fow. ler. Judge Langan, before whom the case originally was heard. had allowed a fee of $30,000 to the attorneys for the receiver.
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Judge's Removal Demanded. Carson City, Nev.-The removal of District Judge Frank P. Langan from office by the legislature of Nevada was recommended in a report filed in the senate by the joint committee that has investigated the district court proceedings in the State Bank & Trust company receivership's case, which has been pending almost thirteen years.
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Will Carson Papers Let Deceased Know For the edification of the deceased depositors of the defunct State Bank & Trust company, will the Carson papers kindly furnish enlightenment regarding the compensation that has been allowed the receiver, Frank L. Wildes, by Judge Frank P. Langan. Here is the item that appeared in one of the Carson papers. "In district court yesterday forenoon reports of Receiver Frank L. Wildes of the State Bank & Trust company covering the period beginning September 7, 1922, and ending January 1, 1922, and for the period from the first of the year until April 1, were heard and approved except as to items relating to compensation. Attorneys who participated in the proceedings were George Green for the receiver, Deputy Attorney General Robert Richards and Alfred Chartz, the latter appearing for certain depositors of the defunct bank."
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RECEIVER WILDES TO TRY PRIVATE BANK SALE Upon stipulation of Deputy Attorney General Robert Richards and Attorney George Green, representing Receiver F. L. Wildes of the State Bank & Trust Company, Judge F. P. Langan ordered at a session of the district court that the receiver attempt to negotiate private sales for the assets of the receivership. Sales made at public auction several weeks ago were not confirmed by Judge Langan and he gave notice that he would issue an order for a public sale, until the attorneys agreed that better results could be accomplished by Receiver Wildes at private sales. The court, Receiver Wildes and the attorneys expressed a desire to end the receivership as soon as possible, but all stated their belief that the property of the defunct bank should not be sacrificed.-Carson City Appeal.
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BANK RECEIVER IS DECLARED IN CONTEMPT CARSON CITY, Nev., April 6.—Verbal charges that Frank L. Wildes is guilty of contempt of court in setting aside funds for his salary as receiver of the defunct State Bank and Trust company were made by Attorney General M. A. Diskin in the hearing held yesterday before District Judge G. A. Ballard. Diskin asserted Wildes had drawn a salary although a restraining order had been issued by the court forbidding him to set aside any sum for such purpose.
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BANK MAY PAY 4TH DIVIDEND A fourth dividend of a little less than four per cent came closer for depositors of the State Bank & Trust company Saturday when the time for claiming unpaid dividends of the first three dividends ended and Receiver Bilbert Ross began to figure on the available funds for the final dividend. There were no objections in the district court to the procedure proposed in using unpaid claims amounting to about $16,563 from the first three dividends in paying a fourth and with this sum there will be about $33,500 available for the next, says the Carson Appeal. From the third dividend of ten per cent there remained unclaimed $12,586, from the second of five per cent there was $2276 and from the first of five per cent there was $1701.
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ROSS IS REMOVED AS BANK RECEIVER CARSON, Nov. 3.—(Special).—An order vacating the appointment of Gilbert Ross, former state bank examiner, as receiver of the State Bank and Trust Company has been entered by Judge G. A. Ballard of the first judicial district, who indicated that he would name his successor at an early date. Ross was appointed receiver of the defunct banking corporation while he was bank examiner of Nevada. He was directed by the court to make a complete report by November 24.
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CARSON CITY, Nov. 4.—The resignation of Gilbert Ross as receiver of the State Bank and Trust company was formally acknowledged by Judge G. A. Ballard of the first judicial district court when an order was entered vacating his appointment.