gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
dd93b91cfb96f217
Response Measures
None
Description
Long-running receivership and payouts to depositors indicate permanent failure; precise suspension date not given.
Events (4)
1.April 1, 1924*Other
Newspaper Excerpt
Verbal charges that Frank L. Wildes is guilty of contempt of court in setting aside funds for his salary as receiver of the defunct State Bank and Trust company were made by Attorney General M. A. Diskin in the hearing held yesterday before District Judge G. A. Ballard.
Source
newspapers
2.November 3, 1924Other
Newspaper Excerpt
An order vacating the appointment of Gilbert Ross ... as receiver of the State Bank and Trust Company has been entered by Judge G. A. Ballard
Source
newspapers
3.*Receivership
Newspaper Excerpt
receiver of the State Bank and Trust company; attorneys for Frank M. Wildes as receiver of the State Bank and Trust company are allowed a fee of $28,500 for their services in connection with the affairs of the defunct institution
Source
newspapers
4.*Suspension
Cause Details
Bank failed and entered a receivership leading to suspension of operations; no specific trigger described in these articles.
Newspaper Excerpt
the failure of the State Bank and Trust company of that city
Source
newspapers
Newspaper Articles (11)
1.March 8, 1917Tonopah Daily BonanzaTonopah, NV
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Article Text
SPECIAL BILL FOR STATE BANK UHUL CASE Special to the Bonanza. CARSON CITY, Mar. 8.-The assembly today passed a bill providing for the re-incorporation of assets of defunct banks. The bill was framed to take care of the anticipated decision in the State Bank & Trust company case, in the event that there are any assets remaining after the costs of the receivership are paid.
(Special to the Bonanza) CARSON CITY, Nev., Jan. 29. Judge, Langan decided the State Bank and Trust company case today in favor of the depositors and al lowed Receiver Wildes' fees allowed
Judge McFadden to Decide Noted Case Judge McFadden will be called to sit in judgment in one of the final appearances in court of one of the oldest cases and one that will be remembered for a life time by many citizens of Carson City, who lost their savings through the failure of the State Bank and Trust company of that city. The information was received by Judge McFadden in a letter received Friday from Governor Boyle stating that Attorney General Fowler and Attorneys Mack and Green, appearing for the receiver in the case of the State of Nevada vs. the State Bank & Trust company of Carson, have entered into a stipulation assented to by District Judge F. P. Lanyon in which it is agreed to have Governor Boyle call a district judge to hear and determine any and all matters touching and affecting the Axing and allowance of attorneys fees and compensation for the receiver in the action. The governor wrote that he had learned that Judge Taber of Elko had declared himself disqualified through reason of a former partnership and requested Judge McFadden to act, writing "I have therefore named and called you in the place of and stead of Judge Taber. I sincerely hope that you will not find yourself disqualified in any way and I am sure that you will do a distinctive service by disposing of this matter."
Judge McFadden to Hear Bank Case Judge C. J. McFadden expects to leave this morning for Carson City, where he has been called by Governor Boyle to occupy the judge's bench in the receivership case of the State Bank and Trust company.
5.January 3, 1920Tonopah Daily BonanzaTonopah, NV
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Article Text
FEE OF ATTORNEYS IN STATE BANK CASE $28,500 In a decision filed in the Carson City district court by District Judge McFadden the attorneys for Frank M. Wildes as receiver of the State Bank and Trust company are allowed a fee of $28,500 for their services in connection with the affairs of the defunct institution. The attorneys for the receiver are Mack and Green and A. A. Heer. The case was heard before District Judge McFadden under an agreement between the receiver's attorneys and Attorney General Fow. ler. Judge Langan, before whom the case originally was heard. had allowed a fee of $30,000 to the attorneys for the receiver.
6.March 7, 1921The Idaho RepublicanBlackfoot, ID
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Article Text
# Judge's Removal Demanded.
Carson City, Nev. -The removal of District Judge Frank P. Langan from office by the legislature of Nevada was recommended in a report filed in the senate by the joint committee that has investigated the district court proceedings in the State Bank & Trust company receivership case, which has been pending almost thirteen years.
7.March 11, 1921The Oakley HeraldOakley, ID
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Article Text
Judge's Removal Demanded. Carson City, Nev.-The removal of District Judge Frank P. Langan from office by the legislature of Nevada was recommended in a report filed in the senate by the joint committee that has investigated the district court proceedings in the State Bank & Trust company receivership's case, which has been pending almost thirteen years.
8.April 7, 1923Oroville Daily RegisterOroville, CA
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Article Text
BANK RECEIVER IS DECLARED IN CONTEMPT
CARSON CITY, Nev., April 6.βVerbal charges that Frank L. Wildes is guilty of contempt of court in setting aside funds for his salary as receiver of the defunct State Bank and Trust company were made by Attorney General M. A. Diskin in the hearing held yesterday before District Judge G. A. Ballard. Diskin asserted Wildes had drawn a salary although a restraining order had been issued by the court forbidding him to set aside any sum for such purpose.
BANK MAY PAY 4TH DIVIDEND A fourth dividend of a little less than four per cent came closer for depositors of the State Bank & Trust company Saturday when the time for claiming unpaid dividends of the first three dividends ended and Receiver Bilbert Ross began to figure on the available funds for the final dividend. There were no objections in the district court to the procedure proposed in using unpaid claims amounting to about $16,563 from the first three dividends in paying a fourth and with this sum there will be about $33,500 available for the next, says the Carson Appeal. From the third dividend of ten per cent there remained unclaimed $12,586, from the second of five per cent there was $2276 and from the first of five per cent there was $1701.
10.November 4, 1924Reno Gazette-JournalReno, NV
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Article Text
ROSS IS REMOVED AS BANK RECEIVER
CARSON, Nov. 3.β(Special).βAn order vacating the appointment of Gilbert Ross, former state bank examiner, as receiver of the State Bank and Trust Company has been entered by Judge G. A. Ballard of the first judicial district, who indicated that he would name his successor at an early date.
Ross was appointed receiver of the defunct banking corporation while he was bank examiner of Nevada. He was directed by the court to make a complete report by November 24.
11.November 5, 1924Nevada State JournalReno, NV
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Article Text
CARSON CITY, Nov. 4.βThe resignation of Gilbert Ross as receiver of the State Bank and Trust company was formally acknowledged by Judge G. A. Ballard of the first judicial district court when an order was entered vacating his appointment.
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.