626. Casa Grande Valley Bank (Casa Grande, AZ)

Bank Information

Episode Type
Suspension → Closure
Bank Type
state
Start Date
November 7, 1934
Location
Casa Grande, Arizona (32.880, -111.757)

Metadata

Model
gpt-5-mini
Short Digest
8fbda286

Response Measures

None

Description

Newspaper items show the Casa Grande Valley Bank was insolvent and under the Superintendent of Banks as receiver by at least Nov 1934 (judgments carry interest from Nov. 7, 1934). Later 1938 sheriff's sale notices list Y. C. White, Superintendent of Banks, ex-officio Receiver of the Casa Grande Valley Bank. No articles describe a depositor run; bank was placed in receivership and remained closed/insolvent.

Events (3)
1. November 7, 1934 Suspension
Cause
Government Action
Cause Details
Bank declared insolvent and Superintendent of Banks appointed receiver (official takeover/receivership).
Newspaper Excerpt
Judgment ... with int 10 per cent from Nov. 7. 1934. Casa Grande Valley Bank, by Receiver vs Floyd C. Templeton ...
Source
newspapers
2. November 16, 1934 Receivership
Newspaper Excerpt
Casa Grande Valley Bank, by Receiver vs Floyd C. Templeton ... (article dated 1934-11-16 referencing receiver actions).
Source
newspapers
3. June 22, 1938 Other
Newspaper Excerpt
Y. C. WHITE, Superintendent of Banks of the State of Arizona and ex-officio Receiver of the CASA GRANDE VALLEY BANK, an Arizona corporation, insolvent, Plaintiff, vs. ELIZABETH BURROUS ... execution issued ... 22nd day of June, 1938 (sheriff's sale notice).
Source
newspapers

Newspaper Articles (3)
1. November 16, 1934 Casa Grande Dispatch Casa Grande, AZ
Article from Casa Grande Dispatch, November 16, 1934

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Article Text

County Records DEEDS 41435 H. M Kennedy, trustee, to K. C. Means and wife $10. Lot 13, in blk 11. North Coolidge, Add to Coolidge. 41443 Heirs of Elias B. Martin, deceased. to Isaac B. Martin $1.00 SWG Sec 33-7-6 East. 41449 U.S.A. to James William Hamilton, Patent E½ Sec 18. NW½ Sec 21, SE% Sec 22-5-5 East. 41450 Anita D. Parker to Harry Laird $10.00 NW14 of the NE12 of the East ½ Sec 24-5-4 East. 41406 C. C. McMurphy to R. C. Woodruff $10. E 20 acres of W½ SW1/4 Sec 33-5-7 East. 41407 Juan Guiterrez and wife to Louis C. Martinez $400. Lot 8 blk 26 Douglas Add to Florence. 41408 Dr. V. E. Powley and wife to James E. Parks and wife $10 Lot 8, bllk 15. North Coolidge, Add to Coolidge. 41418 Wilbur L. Mindermann to Irene M. Hackett $10. Lots 41, 42, 43 in bblk 32 Lot 44 bblk 32, Oracle. MORTGAGES 41419 Irene M. Hackett to Mulcahy Lumber Co., $463.66 Lots 41, 42, 43, 44 in blk 32. Oracle. CERTIFICATE 41415 Y. C. White Supt. of Banks, to Valley Bank & Trust Co., Certificate of Authority to do business as a Bank at City of Superior, Arizona. 41416 Y. C. White Supt of Banks, to Valley Bank & Trust Co. Certificate of Authority to do a bank. ing business at City of Coolidge, Arizona. 41417 Y. C. White Supt of Banks, to Valley Bank & Trust Co. Certificate of Authority to do a banking business at City of Casa Grande. Arizona. MISCELLANEOUS 41423 Laura Landrum, to W. E. Acker, Sales Agreement $1100. The American Cafe and all equipment. 41426 S. E. Tellyer to Whom It May Concern. Notice of Oownership of Jack. Pedigree unknown. 41436 State Land Department to J. J. Anderson $85.30 All of Sec. 23-5-14 East to May 1. 1939. 41437 State Land Department to J. J. Anderson $85.30 All of Sec. 24-5-14 East to May 1, 1939. 41438 State Land Department to J. J. Anderson $85.30 All of Sec. 25-5-14 East to May 1, 1939. 41439 State Land Department to J. J. Anderson $21.30. All of Sec. 26-5-14 to May 1, 1939. 41440 State Land Department to J. J. Anderson $85.30 All of Sec. 27-5-14 East to May 1, 1939. IN THE SUPERIOR COURT 1215 Probate Case. Adoption of Donald Wade Stanley by James J. Wallace and Bertha Wallace. Coolidge, Arizona. 5588 Gayle H. Nichols VS Margareto Quintaro. G. G. De La O, et al To Quiet Title to South 27 feet of Lot 2 blk 10, First Northside Add to Superior. 5485 Judgment. Arizona Southwest Bank by Receiver vs C. J. Wilson. Judgment Docketed Nov. 9. 1930 for $861.35 and int. 10 per cent from Nov. 7. 1934. Also $102.86 and int. at 6 per cent from Nov. 7, 1934. 5530 Arizona Southwest Bank, by Receiver vs Hugh Patton. Judgment for $1500 and costs $16.80 with int at 6 per cent from Nov. 7, 1934. 5536 Casa Grande Valley Bank, by Receiver vs Floyd C. Templeton and Phebe Templeton Judgment for $4877.76 with int 10 per cent from Nov. 7. 1934 and $395.20 with int 6 per cent from Nov. 7. 1934. The definite announcement regarding Title 11 and Title 111 will not in any way affect the vigorous advancement of the Modernization Program under Title 11. These programs are essentially separate and it is planned to maintain the impetus now generated for modernization, for the full period planned by the Act-another 14 months.

2. June 30, 1938 The Coolidge Examiner Coolidge, AZ
Article from The Coolidge Examiner, June 30, 1938

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Article Text

# SHERIFF'S NOTICE OF SALE # UNDER EXECUTION AND ORDER OF SALE IN THE SUPERIOR COURT OF THE STATE OF ARIZONA IN AND FOR THE COUNTY OF PINAL Y. C. WHITE, Superintendent of Banks of the State of Arizona and ex-officio Receiver of the CASA GRANDE VALLEY BANK, an Ari- zona corporation, insolvent, Plain- tiff, vs. ELIZABETH BURROUS and Wm. BURROUS, her husband, Defend- ants. UNDER AND BY VIRTUE of an execution issued out of and under the seal of the Superior Court of Pinal County, Arizona, on the 22nd day of June, 1938, and to me as Sheriff of said County duly directed and delivered in the above entitled action; WHEREAS, on the 19th day of April, 1935, plaintiff in the above entitled cause recovered judgment in the Superior Court of Pinal Co- unty, Arizona, against Elizabeth Burrous and Wm. Burrous, her hus- band, for the sum of Four Hundred Sixty and 36/100 ($460.36) Dollars with interest at the rate of seven (7%) per cent per annum until paid, together with the further sums of Thirty and 30/100 ($30.30) Dol- lars interest, Forty-nine ($49.00) Dollars attorney's fees, and Sixteen and 80/100 ($16.80) Dollars costs, with interest on each of said last mentioned sums at the rate of six (6%) per cent per annum until paid, which said sums are, at the date of said writ, actually due on said judgment, and, WHEREAS, I am required to satisfy said judgment for said sums out of the personal property of said defendant, or if sufficient per- sonal property of said defendants cannot be found, then out of the real property in this county belong- ing to said defendants on the day whereon said judment was docket- ed in said County or at any time thereafter, I did, on the 23rd day of June, 1938, levy upon all the right, title and interest of said defend- ants in and to the following describ- ed real property, to-wit: Lot Two (2), Block Four (4) of First Addition to the Town of Casa Grande, ac- cording to map or plat thereof on file and of rec- ord in the office of the co-

3. July 21, 1938 The Coolidge Examiner Coolidge, AZ
Article from The Coolidge Examiner, July 21, 1938

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Article Text

# SHERIFF'S NOTICE OF SALE UNDER EXECUTION AND ORDER OF SALE IN THE SUPERIOR COURT OF THE STATE OF ARIZONA IN AND FOR THE COUNTY OF PINAL Y. C. WHITE, Superintendent of Banks of the State of Arizona and ex-officio Receiver of the CASA GRANDE VALLEY BANK, an Arizona corporation, insolvent, Plaintiff, vs. ELIZABETH BURROUS and Wm. BURROUS, her husband, Defendants. UNDER AND BY VIRTUE of at execution issued out of and under the seal of the Superior Court of Pinal County, Arizona, on the 22nd day of June, 1938, and to me as Sheriff of said County duly directed and delivered in the above entitled action; WHEREAS, on the 19th day of April, 1935, plaintiff in the above entitled cause recovered judgment in the Superior Court of Pinal County, Arizona, against Elizabeth Burrous and Wm. Burrous, her husband, for the sum of Four Hundred Sixty and 36/100 ($460.36) Dollars with interest at the rate of seven (7%) per cent per annum until paid, together with the further sums of Thirty and 30/100 ($30.30) Dollars interest, Forty-nine ($49.00) Dollars attorney's fees, and Sixteen and 80/100 ($16.80) Dollars costs, with interest on each of said last mentioned sums at the rate of six (6%) per cent per annum until paid, which said sums are, at the date of said writ, actually due on said judgment, and, WHEREAS, I am required to satisfy said judgment for said sums out of the personal property of said defendant, or if sufficient personal property of said defendants cannot be found, then out of the real property in this county belonging to said defendants on the day whereon said judment was docketed in said County or at any time thereafter, I did, on the 23rd day of June, 1938, lewy upon all the right, title and interest of said defendants in and to the following described real property, to-wit: Lot Two (2), Block Four (4) of First Addition to the Town of Casa Grande, according to map or plat thereof on file and of record in the office of the county recorder of Pinal county, Arizona. NOW, THEREFORE, PUBLIC NOTICE IS HEREBY GIVEN, that I will, on the 23rd day of July, 1938, at the hour of 10 o'clock A. M. at the front door of the Court House in Florence, Pinal County, Arizona, sell at public auction to the highest bidder for cash, in awful money of the United States of America, all the right, title and interest of the above named defendants in and to the above described property. DATED THIS 23rd day of June, 1938. WALTER E. LAVEEN, Sheriff. By: W. W. Cochran, Deputy Sheriff. First publication June 30, 1938. Last publication July 21, 1938.