United Bank & Trust Company (Tucson, AZ)

Episode Information

Episode UID
91014271596
Episode Type
Suspension → Closure
Bank Type
trust
Bank ID
9101427 routing
Routing Number
91-0142
Start Date
December 9, 1932
Location
Tucson, Arizona (32.222, -110.926)

Metadata

Model
gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
f56d6b257579554e

Response Measures

None

Description

Closure date not stated explicitly in the clippings; multiple articles refer to the bank as defunct/insolvent and under receivership.

Events (5)
1. December 9, 1932 Receivership
Newspaper Excerpt
purchase of government bonds ... securing the in defunct United Bank and Trust company ... negotiations with Joseph Entz special deputy bank receiver and Article 1 reference to Entz as receiver confirming receivership status by this date. (corrected OCR errors internally). , cause: null
Source
newspapers
2. February 1, 1933 Receivership
Newspaper Excerpt
COX QUITS AS BANK RECEIVER Affairs Of United And Arizona Southwest Are MERGED ... (indicates change in receivership administration). (article headline). , cause: null
Source
newspapers
3. June 4, 1933 Other
Newspaper Excerpt
DEPOSITORS PLEASED BY WORK OF DEPUTY The committee of depositors the defunct United Bank and Trust Co., met with Receiver Joe Entz ... (describes liquidation and collections). , cause: null
Source
newspapers
4. May 4, 1935 Receivership
Newspaper Excerpt
Y. C. White, state bank superintendent and ex-officio receiver of the United Bank and Trust Company of Tucson, an insolvent banking corporation, filed suit ... (shows receiver still administering liquidation). , cause: null
Source
newspapers
5. * Suspension
Cause
Bank Specific Adverse Info
Cause Details
Bank was insolvent and closed prior to the articles; subsequently placed in liquidation under a receiver.
Newspaper Excerpt
defunct United Bank and Trust company
Source
newspapers

Newspaper Articles (9)
1. December 9, 1932 Arizona Daily Star Tucson, AZ

Article Text

NEW CHEVROLETS TO CONSOLIDATED BUYS BE HERE DECEMBER 17 MORE FEDERAL BONDS The salesroom of the O'Rielly Motor company at 415 North Sixth avenue will be the center of automobile December 17th, cording to an that has just been made by Frank Rielly, Chevrolet dealer O'Rielly more enthusiastic ever about the splendid line of cars Chevrolet. the leader of the Industry, is introducing for 1933 and feels confident that the public will share this enthusiasm when they have seen this new line. According to O'Rielly the new Chevrolets present distinctly new body styling which offers new features revolutionary in the low priced field. The are larger with more powerful motors and represent substantial step forward in modern automobile safety engineering. Many of the Chevrolet dealers have already visited the General Motors proving ground at Milford, Mich., and have returned elated over the way the new cars perform on every kind of road and under every driving condition. O'Rielly further states that the Chevrolet salesroom will present particularly attractive setting for the new cars and believes that all records for attendance will be broken on announcement day. Purchase of government bonds, amounting to $86,500, by the Consolidated National bank. securing the in defunct United Bank and Trust company on the part of Mitt Sims, state treasurer, was announced by P. E. Leatherman, cashier, Thursday. The purchase, the third to be made by the Consolidated, was made through negotiations with Joseph Entz special deputy bank receiver The previous purchases made by the Consolidated were those involving bonds of the defunct bank representing the city of Tucson and the county of Maricopa. to their capabilities and according to their accomplishments" and the other being "Recognition that all faiths may now be wrong: that the best must only be held tentatively." In seeking material for the publication its editors declared that do not defend that which our authors say. We defend both their right to say it and your right to reply herein."

2. January 28, 1933 Nogales International Nogales, AZ
Article from Nogales International, January 28, 1933

Click image to open full size in new tab

Article Text

SONORA BANK FIXTURES SOLD A large part of the furniture and fixtures of the Sonora Bank & Trust Company, which closed its doors in November 1931, was sold at a public auction sale Wednesday. J. B. Robinson and Jack Cohen, acted as auctioneers. Among purchasers were A. E. Aviles, Dr. F. B. Huetson, John Phillips, and Frank Lown. Furniture and fixtures still on hand will be moved to Tucson and stored and the building on Morley avenue vacated the first of February. Books and records of the bank will also be moved to Tucson where further liquidation of the bank's affairs will be handled by J. W. Entz, who is acting as receiver of both the Sonora Bank & Trust Company of Nogales and the United Bank & Trust Company of Tucson.

3. February 1, 1933 Tucson Citizen Tucson, AZ

Article Text

COX QUITS AS BANK RECEIVER Affairs Of United And Arizona Southwest Are Merged has handle the and the for the bank but to do the to their and to meet way aspect of

4. June 4, 1933 Arizona Daily Star Tucson, AZ

Article Text

DEPOSITORS PLEASED BY WORK OF DEPUTY The committee of depositors the defunct United Bank and Trust Co., met with Receiver Joe Entz Friday night and went over the fairs that bank. Receiver Entz showed the committee the condition the bank was in the time closed, and what he has done in the bank's fairs. was shown that those the bank money notes in the majority of instances are mak ing every possible effort operate with the receiver in his forts to wind up the affairs of the bank the advantage of the positors. However, in few instances some of those who owed the bank notes when closed its doors making no efforts to pay. The committee has pledged their support help the receiver any manner possible collect these loans. Some individual cases being considered ways means bringing pressure to lect are being devised. thorough investigation made by the committee of the fairs the bank, and the liquidation its affairs The mittee unanimous in their decision that the receiver has done everything possible to not only protect the depositors of the bank, but to likewise administrate its affairs to the end that much possible may be salvaged for the depositors.

5. May 4, 1935 The Arizona Republic Phoenix, AZ

Article Text

Attacking the validity of rental sections of the state excise revenue act of 1935, counsel for Y. C. White, state bank superintendent and ex-officio receiver of the United Bank and Trust Company of Tucson, an insolvent banking corporation, filed suit yesterday in Judge G. A. Rodgers' division of the Maricopa County Superior Court, asking for a declaratory judgment. The suit is directed against Thad M. Moore, Frank Luke and D. C. O'Neil, members of the Arizona tax commission, and asks the court to uphold tions o lating apply receive lecting for the and its The Judge versy e tax con vadidit and ap of the e Whit gaged the Un pany

6. May 4, 1935 The Arizona Republic Phoenix, AZ

Article Text

White sets forth that he is engaged in liquidation of assets of the United Bank and Trust Company under orders of the Pima County Superior Court. As receiver, he is owner of numerous real property which is rented to various persons: rents derived being used for benefit of the bank estate and its creditors, his action states. Among such properties is the United bank building in Tucson, containing several store rooms and offices which he rents for stores and business offices.

7. May 4, 1935 The Arizona Republic Phoenix, AZ

Article Text

Pioneer Dies After Crash (Exclusive Republic Dispatch) WILLIAMS, May 3.—C. A. Moose, 69-year-old pioneer rancher and politician of this city, died at the Williams hospital at 11 o'clock last night, eight hours after the automobile he was driving had been struck by east-bound Santa Fe passenger train No. 20. The accident occurred at "Bootleggers crossing," four miles east of the city, as Mr. Moose, alone in a Dodge pickup, was going to his Lake Alice ranch for a load of wood. It was the 55th fatality resulting from motor vehicle accidents in Arizona since January 1. A westbound local freight brought the injured man to the city where a preliminary examination revealed White As Bank Receiver Attacks Rental Sections Of Revenue Act Attacking the validity of rental sections of the state excise revenue act of 1935, counsel for Y. C. White, state bank superintendent and ex-officio receiver of the United Bank and Trust Company of Tucson, an insolvent banking corporation, filed suit yesterday in Judge G. A. Rodgers' division of the Maricopa County Superior Court, asking for a declaratory judgment. The suit is directed against Thad M. Moore, Frank Luke and D. C. O'Neil, members of the Arizona tax commission, and asks the court to uphold White's contention that sections of the excise revenue act relating to taxation of rentals do not apply to White in his capacity as receiver of an insolvent bank, collecting rentals on properties solely for the benefit of the bank estate.

8. May 4, 1935 Arizona Republic Phoenix, AZ

Article Text

White As Bank Receiver Attacks Rental Sections Of Revenue Act Attacking the validity of rental sections of the state excise revenue act of 1935, counsel for Y. C. White, state bank superintendent and ex-officio receiver of the United Bank and Trust Company of Tucson, an insolvent banking corporation, filed suit yesterday in Judge G. A. Rodgers' division of the Maricopa County Superior Court, asking for a declaratory judgment. The suit is directed against Thad M. Moore, Frank Luke and D. C. O'Neil, members of the Arizona tax commission, and asks the court to uphold White's contention that sections of the excise revenue act relating to taxation of rentals do not apply to White in his capacity as receiver of an insolvent bank, collecting rentals on properties solely for the benefit of the bank estate and its creditors. Seeks Meaning The bank superintendent asks Judge Rodgers to settle a controversy existing between him and the tax commission members as to the validity, constitutionality, meaning and applicability of certain sections of the excise revenue act. White sets forth that he is engaged in liquidation of assets of the United Bank and Trust Company under orders of the Pima County Superior Court. As receiver, he is owner of numerous real property which is rented to various persons; rents derived being used for benefit of the bank estate and its creditors, his action states. Among such properties is the United bank building in Tucson, containing several store rooms and offices which he rents for stores and business offices. Commission's Ruling The tax commissioners insist that White, as receiver, in renting property, is engaged in the rental business within the meaning and intent of the statute and is required to pay a two per cent tax on gross income from such rental, and that the act is valid and enforceable against the state bank superintendent. They have demanded, the action states, that White make to them a return showing the amount of rental he has received, and pay two per cent of the gross rental as a tax. White asks the superior court to uphold his contentions: 1—That he is not a person engaged in the business of "hotels, guest houses, dude ranches and resorts, rooming houses, apartment houses, automobile rental services, automobile storage garages, parking lots, tourist camps or any other business or occupation, charging storage fees or rents." For Creditors' Benefit 2—That sections of the act relating to taxation of rentals do not apply to him in his capacity as receiver of an insolvent bank, collecting rentals on properties solely for the benefit of the bank estate and its creditors. 3—That rentals received from office and store rooms are not taxable under provisions of the act. 4—That provisions of the act relating to taxation of rentals received from real property are: (a)—In contravention and violative of provisions of section nine, article nine, of the Arizona constitution, in that the title of the act does not state the object for which the tax imposed shall be applied. (b)—In contravention and violative of provisions of section one of article nine of the state constitution, in that taxes sought to be imposed are not uniform on the same class of property within the territorial limits of the authority levying the tax, but on the contrary are unreasonable and discriminatory. White is represented in the suit by Allan K. Perry, Evo De Concini and Lloyd J. Andrews, attorneys.

9. June 8, 1935 Arizona Daily Star Tucson, AZ

Article Text

MUST BANK RECEIVER PAY RENTAL LICENSE? PHOENIX, June 7.—(AP)—A suit to determine whether Y. C. White, state superintendent of banks and receiver for the defunct United Bank & Trust Co. of Tucson, must take out a privilege license and pay a sales tax on rentals collected from property of the bank was submitted today to the state supreme court. The suit began in the Maricopa county superior court as an injunction proceeding to prohibit the tax commission from collecting a sales tax on the rentals received by White as receiver for the bank. Judge M. T. Phelps ruled that White, in the capacity of receiver for the bank, was in the rental business and must pay a sales tax on rents collected for the defunct institution.