Mayer State Bank - Mayer, AZ

Bank Information

Episode Type: Suspension → Closure
Bank Type: state
Start Date: July 1, 1926*
Location: Mayer, Arizona (34.398, -112.236)

Metadata

Model: gpt-5-mini
Short Digest: 1d403d21

Response Measures

None

Description

Article (The Winslow Mail, 1926-07-30) states a receiver (L. A. Bechtol) had taken charge after the institution had been closed. No run is mentioned. Therefore this is classified as a suspension that resulted in permanent closure/receivership.

Events (2)

1. July 1, 1926* Suspension

Cause: Government Action
Cause Details: Bank was closed and a receiver was appointed (receiver took charge); closure appears to be by regulatory/receivership action.
Newspaper Excerpt: Bechtol stated in his complaint that the notes were in the bank when he took charge as receiver after the institution had been closed.
Source: newspapers

2. July 30, 1926 Receivership

Newspaper Excerpt: Receiver of Mayer Bank Appeals From Note Suit Verdict ... Bechtol sued to recover on five notes ... the notes were in the bank when he took charge as receiver after the institution had been closed.
Source: newspapers

Newspaper Articles (1)

1. July 30, 1926 The Winslow Mail Winslow, AZ

Article from The Winslow Mail, July 30, 1926

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Article Text

Receiver of Mayer Bank Appeals From Note Suit Verdict PHOENIX - An appeal from a verdict of the Yavapai county superior court in favor of the defendant in a suit brought by L. A. Bechtol, as receiver of the Mayer State bank against J. E. O'Brien to collect $3,293.72 on notes, was filed in the Supreme court Saturday by Mr. Bechtol. Bechtol sued to recover on five notes signed by O'Brien, aggregating $3,293.72. The trial of the case resulted in a jury verdict in favor of O'Brien. O'Brien, in his answer, alleged that he had never received any money from the bank on the notes, but that he had signed them as receipts for use in the bank for money advanced to another party, it being understood that he would never be called on to pay the notes. Bechtol stated in his complaint that the notes were in the bank when he took charge as receiver after the institution had been closed.