United Bank & Trust Company

Bank Information

Episode Type: Suspension → Closure
Bank Type: trust company
Start Date: December 9, 1932
Location: Tucson, Arizona (32.222, -110.926)

Metadata

Model: gpt-5-mini
Short Digest: 634b51df

Response Measures

None

Description

The articles describe the United Bank & Trust Company as already defunct and in receivership; there is no mention of a depositor run. Receiver J. W. (Joe) Entz is handling liquidation; Consolidated National purchased bonds securing the defunct bank (Dec 1932). A receiver change/merger is reported Feb 1, 1933. Therefore this is a suspension/closure with receivership and liquidation. Cause of suspension/closure is not specified in the articles (classified as 'other').

Events (4)

1. December 9, 1932 Other

Newspaper Excerpt: Purchase of government bonds, amounting to $86,500, by the Consolidated National bank, securing the in defunct United Bank and Trust company on the part of Mitt Sims, state treasurer, was announced by P. E. Leatherman, cashier, Thursday. The purchase ... was made through negotiations with Joseph Entz special deputy bank receiver
Source: newspapers

2. February 1, 1933 Receivership

Newspaper Excerpt: COX QUITS AS BANK RECEIVER Affairs Of United And Arizona Southwest Are Merged ... handle the and the for the bank but to do the to their and to meet way aspect of
Source: newspapers

3. June 4, 1933 Other

Newspaper Excerpt: The committee of depositors the defunct United Bank and Trust Co., met with Receiver Joe Entz Friday night and went over the fairs that bank. Receiver Entz showed the committee the condition the bank was in the time closed, and what he has done in the bank's fairs.
Source: newspapers

4. * Suspension

Cause Details: Articles state the bank was defunct/closed but do not provide a specific trigger or cause for the suspension/closure.
Newspaper Excerpt: defunct United Bank and Trust company
Source: newspapers

Newspaper Articles (4)

1. December 9, 1932 Arizona Daily Star Tucson, AZ

Article from Arizona Daily Star, December 9, 1932

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Article Text

NEW CHEVROLETS TO CONSOLIDATED BUYS BE HERE DECEMBER 17 MORE FEDERAL BONDS The salesroom of the O'Rielly Motor company at 415 North Sixth avenue will be the center of automobile December 17th, cording to an that has just been made by Frank Rielly, Chevrolet dealer O'Rielly more enthusiastic ever about the splendid line of cars Chevrolet. the leader of the Industry, is introducing for 1933 and feels confident that the public will share this enthusiasm when they have seen this new line. According to O'Rielly the new Chevrolets present distinctly new body styling which offers new features revolutionary in the low priced field. The are larger with more powerful motors and represent substantial step forward in modern automobile safety engineering. Many of the Chevrolet dealers have already visited the General Motors proving ground at Milford, Mich., and have returned elated over the way the new cars perform on every kind of road and under every driving condition. O'Rielly further states that the Chevrolet salesroom will present particularly attractive setting for the new cars and believes that all records for attendance will be broken on announcement day. Purchase of government bonds, amounting to $86,500, by the Consolidated National bank. securing the in defunct United Bank and Trust company on the part of Mitt Sims, state treasurer, was announced by P. E. Leatherman, cashier, Thursday. The purchase, the third to be made by the Consolidated, was made through negotiations with Joseph Entz special deputy bank receiver The previous purchases made by the Consolidated were those involving bonds of the defunct bank representing the city of Tucson and the county of Maricopa. to their capabilities and according to their accomplishments" and the other being "Recognition that all faiths may now be wrong: that the best must only be held tentatively." In seeking material for the publication its editors declared that do not defend that which our authors say. We defend both their right to say it and your right to reply herein."

2. January 28, 1933 Nogales International Nogales, AZ

Article from Nogales International, January 28, 1933

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Article Text

SONORA BANK FIXTURES SOLD A large part of the furniture and fixtures of the Sonora Bank & Trust Company, which closed its doors in November 1931, was sold at a public auction sale Wednesday. J. B. Robinson and Jack Cohen, acted as auctioneers. Among purchasers were A. E. Aviles, Dr. F. B. Huetson, John Phillips, and Frank Lown. Furniture and fixtures still on hand will be moved to Tucson and stored and the building on Morley avenue vacated the first of February. Books and records of the bank will also be moved to Tucson where further liquidation of the bank's affairs will be handled by J. W. Entz, who is acting as receiver of both the Sonora Bank & Trust Company of Nogales and the United Bank & Trust Company of Tucson.

3. February 1, 1933 Tucson Citizen Tucson, AZ

Article from Tucson Citizen, February 1, 1933

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Article Text

COX QUITS AS BANK RECEIVER Affairs Of United And Arizona Southwest Are Merged has handle the and the for the bank but to do the to their and to meet way aspect of

4. June 4, 1933 Arizona Daily Star Tucson, AZ

Article from Arizona Daily Star, June 4, 1933

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Article Text

DEPOSITORS PLEASED BY WORK OF DEPUTY The committee of depositors the defunct United Bank and Trust Co., met with Receiver Joe Entz Friday night and went over the fairs that bank. Receiver Entz showed the committee the condition the bank was in the time closed, and what he has done in the bank's fairs. was shown that those the bank money notes in the majority of instances are mak ing every possible effort operate with the receiver in his forts to wind up the affairs of the bank the advantage of the positors. However, in few instances some of those who owed the bank notes when closed its doors making no efforts to pay. The committee has pledged their support help the receiver any manner possible collect these loans. Some individual cases being considered ways means bringing pressure to lect are being devised. thorough investigation made by the committee of the fairs the bank, and the liquidation its affairs The mittee unanimous in their decision that the receiver has done everything possible to not only protect the depositors of the bank, but to likewise administrate its affairs to the end that much possible may be salvaged for the depositors.