gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
63940da29fd1cb7f
Response Measures
None
Description
Multiple articles refer to the bank as defunct with a court-appointed receiver and ongoing liquidation/sale of assets.
Events (7)
1.July 3, 1916Receivership
Newspaper Excerpt
receiver of the State Bank and Trust company, to George H. Keyes.
Source
newspapers
2.July 3, 1916Suspension
Cause
Government Action
Cause Details
Court-appointed receiver (Frank Wildes) took possession of bank assets, indicating suspension/closure under receivership
Newspaper Excerpt
the receiver of the State Bank and Trust company
Source
newspapers
3.April 20, 1918Other
Newspaper Excerpt
The Nevada First National bank of Tonopah recently purchased the State Bank building from Frank Wildes, receiver for the defunct State Bank & Trust company.
Source
newspapers
4.May 21, 1918Other
Newspaper Excerpt
denied the petition presented by Attorney George S. Green for confirmation of the sale by Receiver Frank Wildes of the Tonopah Bank building owned by the State Bank and Trust company.
Source
newspapers
5.April 11, 1922Other
Newspaper Excerpt
Sale of the assets of the State Bank & Trust company was conducted by the receiver, Frank L. Wildes ... bid of the First National bank of Tonopah offering $30,000 for the five-story banking building
Source
newspapers
6.May 24, 1922Other
Newspaper Excerpt
Judge Frank P. Langan ... disapproved of the sale of the property of the State Bank & Trust company, which was offered at auction several weeks ago by Receiver F. L. Wildes
Source
newspapers
7.February 22, 1923Other
Newspaper Excerpt
March 8 has been set ... on a petition of Frank L. Wildes, receiver of the State Bank and Trust Company, praying for confirmation or rejection of an offer of $30,000 for the State Bank building at Tonopah.
Source
newspapers
Newspaper Articles (10)
1.July 3, 1916Carson City Daily AppealCarson City, NV
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Article Text
Tonopah Mining Gives Up Option The Tonopah and California property reverted today to the holder of the original option granted by Frank Wildes, receiver of the State Bank and Trust company, to George H. Keyes. The men employed by the leasing company completed the day shift and then were notified they would not be wanted today. This morning an engineer and a mucker remained to clean out the drifts, collect the tools and remove whatever remains of the leaser's proprty. Under the bond the Tonopah company took out eighteen carloads of ore, most of which ran above the average claimed for the property.-Bonanza.
2.July 22, 1916The Goldfield News and Weekly TribuneGoldfield, NV
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Article Text
# HAS POSSESSION OF
# TONOPAH-CALIFORNIA
W. B. Sollender, president of the Tonopah-California Gold Mining company, one of the old corporations of the camp, has taken peaceable possession of the Contact lode, upon which the machinery, shaft house and ho'st of the company are located.
There have been some contending interests to this property made by Frank L. Wildes, receiver of the State Bank and Trust company. The records show the title to the Contact lode to be in the Tonopah and California Mining company, and one of the purposes of this move is to bring the matter before the courts to quiet title to the property. Tonopah Bonanza.
3.April 20, 1918The Goldfield News and Weekly TribuneGoldfield, NV
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Article Text
# Tonopah Building Sold
The Nevada First National bank of Tonopah recently purchased the State Bank building from Frank Wildes, receiver for the defunct State Bank & Trust company. The First National bank has occupied the rooms formerly used by the state bank for several years. The building, which is five stories high, cost a fortune to build and is one of the finest in the state.
4.May 21, 1918Tonopah Daily BonanzaTonopah, NV
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Article Text
SALE OF TONOPAH BANK BUILDING NOT APPROVED CARSON CITY, May 21.-Judge Langan at Saturday afternoon's session of the district court denied the petition presented by Attorney George S. Green for confirmation of the sale by Receiver Frank Wildes of the Tonopah Bank building owned by the State Bank and Trust company. William McKnight, deputy, opposed the petition on behalf of the attorney general, as he did not consider the proposed sale advantageous to the depositors of the bank inasmuch as the building yields an annual income of $7000, an amount equal to 15 per cent of the proposed sale price.
5.June 1, 1918The Goldfield News and Weekly TribuneGoldfield, NV
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Article Text
Bank Sale Not Approved Judge Langan, in the district court at Carson, has denied the petition for confirmation of the sale by Receiver Frank Wildes of the Tonopah bank building owned by the State Bank & Trust company. William McKnight, deputy attorney general, opposed the petition, saying he did not consider the proposed sale advantageous to the depositors of the bank inasmuch as the building yields an annual income of $7,000, an amount equal to 15 per cent of the proposed sale price.
SHADES OF HADES BANK CASE UP AGAIN Shades of hades! The State Bank & Trust company receivership procoedings are again looming. On next Tuesday a hearing will be had before Judge Frank P. Langan at Carso City, when Receiver Frank P. Wildes will appear to show cause why the assets of the defunct institution should not be sold and the receivership brought to an end. Depositors ar now wondering if this nauseous court proceeding will realIv be closed, or if some scheme is not devised whereby a few more paltry dollars may be set aside to swell the earnings of Wildes. Some of the defrauded depositors are considering the advisability of calling a meeting of all stockholders with a view to levying an assessment, the proceeds to be used in paying Receiver Wildes his salary in full in the event it is determined by Langan that the bank building in Tonopah will not bring enough to satisfy the claims.
7.April 11, 1922Tonopah Daily BonanzaTonopah, NV
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Article Text
BANK BUILDING SOLD TO NEVADA FIRST NATIONAL Assets of Defunct State Bank & Trust Company Sold by Order of Judge Langan. Sale of the assets of the State Bank & Trust company was conducted by the receiver, Frank L. Wildes yesterday by order of the court. The bid of the First National bank of Tonopah offering $30,000 for the five-story banking building in Tonopah was received and the sale was made subject to the confirmation by the court. Four years ago this summer the same bank bid $41,000 for the property, but the ale was not at that time authorzed. The Averill lodging house, also in Tonopah. was bid in for $150 by Charles E. Hudson, a San Francisco broker All sales were made subject o approval by Judge Langan. The Crockett building in Tonopah vas purchased by C. E. Hudson for $10.
8.May 24, 1922Tonopah Daily BonanzaTonopah, NV
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Article Text
DEFUNCT BANK SALE IS HELD IN ABEYANCE Advertised Sale of Property Is Set Aside by Ruling of Judge Frank Langan. Judge Frank P. Langan in the district court Tuesday disapproved of the sale of the property of the State Bank & Trust company, which was offered at auction several weeks ago by Receiver F. L. Wildes, who then disposed of it subject to court approval. Judge Langan based his ruling of disapproval on the ground that the printed notice of sale was defective and did not conform to the court order. There was no argument of the merits of the sale or the justness of the prices obtained, except that Attorney H. R. Cooke, urged confirmation of the sale for $30,000 of the company's building in Tonopah. He said that in the event of the property being again offered, the likelihood would be of a smaller price being bid. This item and that of the building owned by the company in Carson City, were the principal items in the sale. Receiver Wildes was present with his attorney, George Green. The state was represented by Robert Richards, deputy attorney-general. who filed objections to the confirmation of the sale on the grounds recognized by the court. The attorney-general and the attorney for the receiver were authorized to make an effort to dispose of the property by private sale, failing in which another sale at auction will be advertised.
9.February 22, 1923The Silver StateWinnemucca, NV
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Article Text
Bank Building Sale— March 8 has been set by Judge G. A. Ballard for hearing in the district court here on a petition of Frank L. Wildes, receiver of the State Bank & Trust Company, praying for confirmation or rejection of an offer of $30,000 for the State Bank building at Tonopah. The offer was made by the Nevada First National Bank of Tonopah, that company having made a similar offer a few months ago.Carson Appeal.
STATE BANK AND TRUST CO. BUILDING TO BE SOLD In order to close up the affairs of the State Bank and Trust Company, Receiver Wildes has been offered the sum of $30,000 for the bank building at Tonopah, and has referred the matter to the court as to whether the offer should be accepted or not. This is a very fine building, fitted up, on the ground floor for banking, and cost something like $400,000 to build. Several years ago $40,000 was offered for the building, but the court thought it was not enough, and declined to permit the sale for thefigure.
Bank runs are almost always and everywhere a deterioration of bank fundamentals.
But not for you.
You are the measure-zero exception: great fundamentals, solid bank, and yet the Diamond Dybvig fairy spread its rumor. Depositors woke up. Your collateral was not prepositioned. The Clearinghouse had it for you.
Do not pass Go. Do not collect $200. Go directly to jail… or worse.
