Central Bank - Phoenix, AZ

Bank Information

Episode Type: Suspension → Closure
Bank Type: state
Start Date: September 20, 1927
Location: Phoenix, Arizona (33.448, -112.074)

Metadata

Model: gpt-5-mini
Short Digest: 6c42e1e7

Response Measures

None

Description

Article (1927-09-20) refers to the institution as the defunct Central Bank of Phoenix (later called the Bank of Phoenix) and names Perry Williams as receiver; no run is described in the excerpt. Judgment against stockholders confirms the bank failed and entered receivership. No precise suspension date provided in the excerpt.

Events (1)

1. September 20, 1927 Receivership

Newspaper Excerpt: Judgments holding them liable for double the amount of stock they owned in the defunct Central Bank of Phoenix, later called the Bank of Phoenix, were affirmed ... in a suit brought by Perry Williams, receiver of the bank, against J. S. Conden and 17 other stockholders.
Source: newspapers

Newspaper Articles (1)

1. September 21, 1927 Douglas Daily Dispatch Douglas, AZ

Article from Douglas Daily Dispatch, September 21, 1927

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Article Text

BANK STOCKHOLDERS HELD PHOENIX, Ariz., Sept. 20 (AP) Judgments holding them liable for double the amount of stock they owned in the defunct Central Bank of Phoenix, later called the Bank of Phoenix, were affirmed against 18 stockholders of the institution. in an opinion handed down Monday by the supreme court in a suit brought by Perry Williams, receiver of the bank, against J. S. Conden and 17 other stockholders.