Nevada Loan & Trust Company (Reno, NV)

Episode Information

Episode Type
Suspension → Closure
Start Date
February 3, 1914
Location
Reno, Nevada (39.530, -119.814)
Bank Type
trust

Metadata

Episode ID
Bank ID
City ID
320861100
Model
gpt-5-mini
Short Digest

Notes

Articles report a receiver was named because the company could not meet its policies.

Events (1)
1. February 3, 1914 Receivership
Newspaper Excerpt
RECEIVER FOR NEVADA LOAN & TRUST COMPANY S. W. Stitt, a creditor of the Nevada Loan & Trust company, of Reno, ... has been named receiver.
Source
newspapers

Newspaper Articles (2)
1. February 3, 1914 The Silver State Winnemucca, NV
Article from The Silver State, February 3, 1914

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Article Text

RECEIVER FOR NEVADA LOAN & TRUST COMPANY S. W. Stitt, a creditor of the Nevada Loan & Trust company, of Reno, who with the president of the company, J. M. McCormick, asked that a receiver be appointed for the company, has been named receiver. James A. Breen objected to Stitt being named receiver. The company is unable to meet the policies it issued several years ago and the president of the company has therefore asked that a receiver be appointed to handle the affairs and also for a restraining order to prevent the stockholders suing the company.

2. May 9, 1914 The Pioche Record Pioche, NV
Article from The Pioche Record, May 9, 1914

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Article Text

RENO COMPANY MAY BE INVESTIGATED There is some ground for the be iief that the recent action of putting the Nevada Loan & Trust company of Reno in a receiver's hands may lead to a thorough investigation of the business of that company. A good many stockholders, it is said, are lissatisfied with the manner in which the company's affairs have M conducted.