Arizona Trust & Savings Bank (Safford, AZ)

Episode Information

Episode UID
91013471488
Episode Type
Suspension → Closure
Bank Type
trust
Bank ID
9101347 routing
Routing Number
91-0134
Start Date
December 25, 1923
Location
Safford, Arizona (32.834, -109.708)

Metadata

Model
gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
f0b8ee4db76e6a7b

Response Measures

None

Description

State superintendent closed the parent bank and two branches; receiver appointed to liquidate.

Events (2)
1. December 25, 1923 Receivership
Newspaper Excerpt
T. S. Kimball ... has been appointed receiver of the Arizona Trust and Savings Bank at Safford and its branches at Thatcher and Pima.
Source
newspapers
2. December 25, 1923 Suspension
Cause
Government Action
Cause Details
Closed by state superintendent of banks because legal reserve fell below statutory requirement.
Newspaper Excerpt
The three banks were closed late Monday morning by the state superintendent of banks because the legal reserve ... was below the amount required by law.
Source
newspapers

Newspaper Articles (2)
1. December 26, 1923 The Los Angeles Times Los Angeles, CA
Article from The Los Angeles Times, December 26, 1923

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Article Text

LIGHT EARTH TREMOR IS FELT IN HONOLULU [BY A. P. NIGHT WIRE] HONOLULU, Dec. 25.—A light earthquake was felt here at 6:45 p.m. No damage was reported. BANK RECEIVER NAMED [EXCLUSIVE DISPATCH] SAFFORD (Ariz.) Dec. 25.—T. S. Kimball of Thatcher, State Senator from Graham county, has been appointed receiver of the Arizona Trust and Savings Bank at Safford and its branches at Thatcher and Pima. The banks were closed recently when their legal reserve dropped below the amount required by law.

2. December 28, 1923 The Coconino Sun Flagstaff, AZ
Article from The Coconino Sun, December 28, 1923

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Article Text

KIMBALL NAMED RECEIVER OF THREE SAFFORD BANKS Appointment of T. S. Kimball of Thatcher, state senator from Graham county to the Sixth legislature, as receiver of the Arizona Trust and Savings bank of Safford, and its branches at Thatcher and Pima, was announced by Andred T. Hammons, state superintendent of banks. Senator Kimball, who is well known in the state, will take charge of the affairs of the three banks at once, and will begin immediately the work of liquidating the accounts of the institution. The three banks were closed late Monday morning by the state superintendent of banks because the legal reserve of the parent bank and the two branches was below the amount required by law.