668. Sonora Bank & Trust Company (Nogales, AZ)

Bank Information

Episode Type
Suspension → Closure
Bank Type
trust company
Start Date
May 2, 1941
Location
Nogales, Arizona (31.340, -110.934)

Metadata

Model
gpt-5-mini
Short Digest
029abe57

Response Measures

None

Description

Newspaper legal notices (May 1941) identify J. H. Calvert as Ex-Officio Receiver of Sonora Bank and Trust Company and call the bank insolvent. No article describes depositor runs; action is a regulatory receivership/suspension leading to closure.

Events (2)
1. May 2, 1941 Receivership
Newspaper Excerpt
J. H. Calvert, as Superintendent of Banks of the State of Arizona and Ex-Officio Receiver of Sonora Bank and Trust Company, an Arizona banking corporation, insolvent
Source
newspapers
2. May 2, 1941 Suspension
Cause
Government Action
Cause Details
Superintendent of Banks appointed an ex‑officio receiver due to insolvency (regulatory action)
Newspaper Excerpt
J. H. Calvert, as Superintendent of Banks of the State of Arizona and Ex-Officio Receiver of Sonora Bank and Trust Company, an Arizona banking corporation, insolvent
Source
newspapers

Newspaper Articles (4)
1. May 3, 1941 Nogales International Nogales, AZ
Article from Nogales International, May 3, 1941

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Article Text

SUMMONS THE STATE OF ARIZONA to the above named defendants A. L. Gustetter; Rose Gustetter; Florence Bonsall (formerly named Florence Gustetter, also formerly named Florence B. Gustetter, and also formerly named Florence Gustetter Bonsall); Emma Budge (also known as Emma M. Budge); The First National Bank of Nogales, a national banking association; J. H. Calvert, as Superintendent of Banks of the State of Arizona and Receiver of Nogales Building and Loan Association, a corporation, an insolvent building and loan association; A. E. Jones; J. D. Jones; James V. Robins; Mary D. Robins; Harry Ransom; Anna May Ransom; California Standard Oil Company de Mexico, a corporation; J. H. Calvert, as Superintendent of Banks of the State of Arizona and Ex-Officio Receiver of Sonora Bank and Trust Company, an Arizona banking corporation, insolvent; State of Arizona; Santa Cruz County, a body politic and corporate; and City of Nogales, a municipal corporation: YOU ARE HEREBY SUMMONED and required to appear and defend in the above entitled action in the above entitled court, within TWENTY DAYS, exclusive of the day of service, after service of this summons upon you if served within the State of Arizona, or within THIRTY DAYS, exclusive of the day of service, if served without the State of Arizona, and you are hereby notified that in case you fail $ so to do, judgment by default will be rendered against you for the relief demanded in the complaint. The address of the plaintiffs is 434 Crawford Street, Nogales, Arizona. GIVEN under my hand and the seal of the Superior Court of the State of Arizona in and for the County of Santa Cruz, this 2nd day of May, 1941. (SEAL) HELEN O'KEEFE, Clerk. (Publish May 3, 10, 17, 24, 1941).

2. May 10, 1941 Nogales International Nogales, AZ
Article from Nogales International, May 10, 1941

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Article Text

LEGAL NOTICE GALES, a municipal cor- ) ) poration. Defendants. ) SUMMONS THE STATE OF ARIZONA to the above named defendants A. L. Gustetter; Rosé Gustetter; Florence Bonsall (formerly named Florence Gustetter. also formerly named Florence B. Gustetter. and also formerly named Florence Gustetter Bonsall); Emma Budge (also known as Emma M. Budge); The First National Bank of Nogales, a national banking association; J. H. Calvert, as Superintendent of Banks of the State of Arizona and Receiver of Nogales Building and Loan Association, a corporation, an insolvent building and loan association; A. E. Jones; J. D. Jones: James V. Robins; Mary D. Robins: Harry Ransom; Anna May Ransom; California Standard Oil Company de Mexico, a corporation; J. H. Calvert. as Superintendent of Banks of the State of Arizona and Ex-Officio Receiver of Sonora Bank and Trust Company, an Arizona banking corporation, insolvent; State of Arizona; Santa Cruz County, a body politic and corporate; and City of Nogales, a municipal corporation: YOU ARE HEREBY SUMMONED and required to appear and defend in the above entitled action in the above entitled court, within TWENTY DAYS, exclusive of the day of service, after service of this summons upon you if served within the State of Arizona, or within THIRTY DAYS, exclusive of the day of service, if served without the State of Arizona. and you are hereby notified that in case you fail so to do. judgment by default will be rendered against you for the relief demanded in the complaint. The address of the plaintiffs is 434 Crawford Street, Nogales, Arizona. GIVEN under my hand and the seal of the Superior Court of the State of Arizona in and for the County of Santa Cruz, this 2nd day of May, 1941. (SEAL) HELEN O'KEEFE. Clerk. (Publish May 3, 10, 17. 24, 1941).

3. May 24, 1941 Nogales International Nogales, AZ
Article from Nogales International, May 24, 1941

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Article Text

SUMMONS THE STATE OF ARIZONA to the above named defendants A. L. Gustetter; Rose Gustetter; Florence Bonsall (formerly named Florence Gustetter, also formerly named Florence B. Gustetter, and also formerly named Florence Gustetter Bonsall); Emma Budge (also known as Emma M. Budge) The First National Bank of Nogales, a national banking association; J. H. Calvert, as Superintendent of Banks of the State of Arizona and Receiver of Nogales Building and Loan Association, a corporation, an insolvent building and loan association; A. E. Jones; J. D. Jones; James V. Robins; Mary D. Robins; Harry Ransom; Anna May Ransom; California Standard Oil Company de Mexico, a corporation; J. H. Calvert, as Superintendent of Banks of the State of Arizona and Ex-Officio Receiver of Sonora Bank and Trust Company, an Arizona banking corporation, insolvent; State of Arizona; Santa Cruz County, a body politic and corporate; and City of Nogales, a municipal corporation: YOU ARE HEREBY SUMMONED and required to appear and defend in the above entitled action in the above entitled court, within TWENTY DAYS, exclusive of the day of service, after service of this summons upon you if served within the State of Arizona, or within THIRTY DAYS, exclusive of the day of service, if served without the State of Arizona, and you are hereby notified that in case you fail so to do, judgment by default will be rendered against you for the relief demanded in the complaint. The address of the plaintiffs is 434 Crawford Street, Nogales, Arizona. GIVEN under my hand and the seal of the Superior Court of the State of Arizona in and for the County of Santa Cruz, this 2nd day of May, 1941. (SEAL) HELEN O'KEEFE, Clerk. (Publish May 3, 10, 17, 24, 1941).

4. May 24, 1941 Nogales International Nogales, AZ
Article from Nogales International, May 24, 1941

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Article Text

WADE W. BARBEE and ) ALMAH R. BARBEE, hus) band and wife, Plaintiffs, VS. A. L. GUSTETTER; ROSE ) GUSTETTER; FLORENCE ) BONSALL (formerly named ) FLORENCE GUSTETTER. ) also formerly named FLORENCE B. GUSTETTER, and ) also formerly named FLOR- ) ) ENCE GUSTETTER BONSALL) ; EMMA BUDGE (also ) ) known as EMMA M. ) BUDGE) ; THE FIRST NA) TIONAL BANK OF NOGA) LES. a national banking as) sociation; J. H. CALVERT, ) as Superintendent of Banks ) of the State of Arizona and ) Receiver of Nogales Build) ing and Loan Association, a ) corporation, an insolvent building and loan association; ) A. E. JONES; J. D. JONES; ) JAMES V. ROBINS; MARY ) D. ROBINS; HARRY RAN- ) SOM; ANNA MAY RANSOM; ) ) CALIFORNIA STANDARD ) OIL COMPANY DE MEX) ICO, a corporation; J. H. CALVERT, as Superintendent of Banks of the State of Arizona and Ex-Officio ) ) Receiver of Sonora Bank ) and Trust Company, an Arizona banking corporation, ) insolvent; STATE OF ARIZONA: SANTA CRUZ COUN- ) ) TY, a body politic and cor) porate; and CITY OF NO) GALES, a municipal cor) poration, Defendants. )