State Bank (Payson, UT)

Episode Information

Episode UID
97011971585
Episode Type
Suspension → Closure
Bank Type
state
Bank ID
9701197 routing
Routing Number
97-0119
Start Date
January 2, 1932
Location
Payson, Utah (40.044, -111.732)

Metadata

Model
gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
a4b8ccbeeb73195e

Response Measures

None

Description

Bank suspended by state commission and examiner petitioned for insolvency; later local discussion urged reopening but no reopening reported.

Events (3)
1. January 2, 1932 Suspension
Cause
Government Action
Cause Details
Suspended by order of the state bank commission.
Newspaper Excerpt
The bank suspended business January 2, 1932, upon order of the state bank commission.
Source
newspapers
2. March 23, 1932 Other
Newspaper Excerpt
Joseph N. Leggat, examiner in charge of the State Bank of Payson, filed a petition in the district court Tuesday to have the bank adjudged insolvent.
Source
newspapers
3. November 17, 1932 Other
Newspaper Excerpt
Speakers ... in charge of affairs the closed State Bank of Payson ... said the bank should be reopened and not liquidated and proposed plans leading to an early opening.
Source
newspapers

Newspaper Articles (4)
1. March 23, 1932 The Daily Herald Provo, UT

Article Text

BANK AFFAIRS TO CLOSE Joseph N. Leggat, examiner in charge of the State Bank of Payson, filed a petition in the district court Tuesday to have the bank adjudged insolvent. The bank suspended business January 2, 1932, upon order of the state bank commission. The authorized capital stock of the corporation was $50,000, divided into 500 shares of a par value of $100 per share.

2. March 23, 1932 The Daily Herald Provo, UT

Article Text

BANK AFFAIRS TO CLOSE Joseph N. Leggat, examiner in charge of the State Bank of Payson, filed a petition in the district court Tuesday to have the bank adjudged insolvent. The bank suspended business January 2, 1932, upon order of the state bank commission. The authorized capital stock of the corporation was $50,000, divided into 500 shares of a par value of $100 per share.

3. March 23, 1932 The Daily Herald Provo, UT

Article Text

BANK AFFAIRS TO CLOSE Joseph N. Leggat, examiner in charge of the State Bank of Payson, filed a petition in the district court Tuesday to have the bank adjudged insolvent.

4. November 17, 1932 The Springville Herald Springville, UT

Article Text

recentappointed state bank commiscioner. H. Street and Jeff BalIff, in charge of affairs the closed State Bank of Payson were the guest speakers at the regular dinner of the Payson Lions club held Monday night at the Payson Mr. Malia discussed the bank situation in general the present time causes bank failures and particularly in relation to the closing the Payson bank. The bank should be reopened and not fiquidated, he said. and proposed plans leading to an early opening The felt that the best interest for Payson reopen the bank with people local capital and that the plan to followed. Vocal selections were given Dean Wightman. accompanied Mrs. May Dixon