Arizona Southwest Bank (Tucson, AZ)

Episode Information

Episode UID
91014671578
Episode Type
Suspension → Closure
Bank Type
state
Bank ID
9101467 routing
Routing Number
91-0146
Start Date
June 22, 1931
Location
Tucson, Arizona (32.222, -110.926)

Metadata

Model
gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
f4e513e938686da7

Response Measures

None

Description

Bank closed as insolvent and placed in receivership; multiple articles confirm liquidation and dividend payments.

Events (3)
1. June 22, 1931 Suspension
Cause
Bank Specific Adverse Info
Cause Details
Bank became insolvent and closed its doors; branches closed in June and examiner/receiver took charge
Newspaper Excerpt
The Arizona Southwest Bank of Tucson, with branches at Casa Grande, Coolidge and Douglas, closed its doors on June 22
Source
newspapers
2. September 20, 1931 Receivership
Newspaper Excerpt
Holding that the defunct Arizona Southwest bank should not have pay the county treasurer taxes, James B. Button, receiver, petitioned superior court here for advice the matter.
Source
newspapers
3. May 7, 1932 Other
Newspaper Excerpt
The Arizona Southwest Bank of Tucson, with branches at Casa Grande, Coolidge and Douglas, closed its doors on June 22 and already has paid 37 1/2 percent in dividends to depositors.
Source
newspapers

Newspaper Articles (4)
1. July 17, 1931 Casa Grande Dispatch Casa Grande, AZ

Article Text

CASA GRANDE BANK SOUND (Continued from page 1) ure of the Coolidge branch of the Arizona Southwest bank will be handled from the offices of the Casa Grande branch according to information received from J. E. McCullough, bank examiner in charge of the local branch since the institution closed its doors in Casa Grande, Coolidge, Tueson and Douglas last month. Notice has been posted on the door of the Coolidge branch and published in a Coolidge paper to the effect that all valuables in safety deposit boxes there must be removed by owners before August 1. Until that date the doors of the bank will be open from 9 to 12 each morning except Saturday. The building occupied by the Coolidge branch is leased, and will be vacated of all fixtures SO that the expense of rental may be stopped. The building in Casa Grande is the property of the bank.

2. September 20, 1931 Arizona Daily Star Tucson, AZ

Article Text

BANK RECEIVER SEEKING RELIEF Defunct Organization Should Not Be Included for Tax Purposes, Averred Holding that the defunct Artzona Southwest bank should not have pay the county treasurer taxes, James B. Button, receiver, petitioned superior court here for advice the matter. Judge Fred W. Fickett Saturday issued order to show cause against Wallace Bransford, county treasurer, citing to appear in superior court next Saturday morning and show cause why the rolls of the county should not be corrected. In the petition prepared for Button. who as state of banks receiver for the defunct bank, prepared by his attorney. John W. Ross, the claims the receiver are set forth. Under the banks Arizona must set forth their holdings to the county assessor between the first Monday in January and the 20th or May in each year. The Arizona Southwest bank, then going con. ern. did so, the petition states. Upon June the bank became insolvent and closed its doors. The amount assessed this year the bank totals $1,915.26. One-half of this is due now and becomes delinquent November and the last half year's taxes become delinquent the first Monday May, 1932. The petitioner, through his attorney, asks of the court ruling as to whether the receiver should pay these taxes from the funds of the insolvent bank are these tax monies liens upon the stockholders. The brief accompanying the petitions states one place, would require the creditors of the bank, from whom the receiver trustee, to pay debt of the stock. holders the bank. must ways be borne in mind that this tax provided by paragraph 3069 our code is not tax against the bank, but tax against the Indi-

3. May 7, 1932 Nogales International Nogales, AZ
Article from Nogales International, May 7, 1932

Click image to open full size in new tab

Article Text

Bank Receiver To Return Next Week J. W. Entz, receiver of the Sonora Bank & Trust Company, will return next week from Phoenix where he is attending court. During his absence from Nogales his duties here are being looked after by C. Cox, special deputy superintendent of banks, who is handling the liquidation of the Arizona Southwest Bank in Tucson and the Cochise County State Bank at Tombstone and Benson. The Arizona Southwest Bank of Tucson, with branches at Casa Grande, Coolidge and Douglas, closed its doors on June 22 and already has paid 37 1/2 percent in dividends to depositors.

4. May 7, 1932 Nogales International Nogales, AZ

Article Text

Bank Receiver To Return Next Week J. W. Entz, receiver of the Sonora Bank & Trust Company, will return next week from Phoenix where he is attending court. During his absence from Nogales his duties here are being looked after by C. Cox, special deputy superintendent of banks, who is handling the liquidation of the Arizona Southwest Bank in Tucton and the Cochise County State Bank at Tombstone and Benson. The Arizona Southwest Bank of Tucson, with branches at Casa Grande, Coolidge and Douglas, closed its doors on June 22 and already has paid 37½ percent in dividends to depositors.