Somerton State Bank - Somerton, AZ

Bank Information

Episode Type: Suspension → Closure
Bank Type: state
Start Date: July 1, 1925
Location: Somerton, Arizona (32.596, -114.710)

Metadata

Model: gpt-5-mini
Short Digest: d858be93

Response Measures

None

Description

Article (The Morning Sun, 1925-07-01) reports a receiver for Somerton State Bank and court authorization regarding subordinating a mortgage lien. The piece does not explicitly describe a prior depositor run or an earlier suspension, but the appointment of a receiver strongly indicates the bank was closed and in receivership. Classified as suspension_closure because the bank remains closed with a receiver.

Events (1)

1. July 1, 1925 Receivership

Newspaper Excerpt: Receiver ... the Somerton State receiver ... authoriz(ed) subordinate the existing mortgage ... lien given by the Somerton State Bank ... to secure payment ... $5000 ... $10,000 .
Source: newspapers

Newspaper Articles (1)

1. July 1, 1925 The Morning Sun Yuma, AZ

Article from The Morning Sun, July 1, 1925

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Article Text

Receiver Gets Bank Important Ruling presiding In Judge Ingraham, court here, yesterday superior that Artbur N. sued an order the Somerton State receiver of be authorized subordinthe existing mortgage ate present M. and Etia M. lien given by the Somerion State Bridges to west half of Section Bank on the of for secure payment $5000 to lien given by mortgage to the California Bank the Bridges of note in the to secure payment sum of $10,000. Harry Emerson Fesdick, recently appointed John BapNew York City, he asked by Field to testliy In John Stokes, test case of Tennessee Law.