Bank of Nevada (Reno, NV)

Episode Information

Episode Type
Suspension → Closure
Start Date
February 9, 1935
Location
Reno, Nevada (39.530, -119.814)
Bank Type
state

Metadata

Episode ID
Bank ID
City ID
320861100
Model
gpt-5-mini
Short Digest

Notes

Articles show a receiver was appointed and litigation in Feb 1935; exact suspension date not stated.

Events (1)
1. February 9, 1935 Receivership
Newspaper Excerpt
the Bank of Nevada received nothing in return for the securities taken from it by the Reno National. The receiver requests that the collateral ... be returned to the Bank of Nevada by the RFC and the Crocker Bank.
Source
newspapers

Newspaper Articles (2)
1. February 9, 1935 Reno Gazette-Journal Reno, NV

Article Text

Crocker Bank, making the San Francisco bank a preferred creditor. Furthermore it is contended the Bank of Nevada received nothing in return for the securities taken from it by the Reno National. The receiver requests that the collateral or its equivalent in money be returned to the Bank of Nevada by the RFC and the Crocker Bank. Sam Platt of Platt & Sinai argued the question for the bank receiver while the Crocker interests were represented by Woodburn & Thatcher, J. F. Shuman and John Thatcher.

2. February 10, 1935 Nevada State Journal Reno, NV

Article Text

Arguments on the motion were completed by attorneys in the federal court last week. The Crocker bank, together with the RFC and the Reno National Bank, were sued by Leo F. Schmitt, receiver for the Bank of Nevada, for $931,664.42.