First National Bank (Spanish Fork, UT)

View Charter #9111 on SPMC View balance sheet

Episode Information

Episode UID
911101489
Episode Type
Suspension → Reopening
Bank Type
national
Bank ID
91110 national
Charter Number
9111
Start Date
January 4, 1924
Location
Spanish Fork, Utah (40.115, -111.655)

Metadata

Model
gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
fe38ec64c7ee3945

Response Measures

None

Receivership Details

Date receivership started
1924-01-28
OCC cause of failure
Governance

Description

Suspension began Jan 4, 1924; receiver appointed later in January and bank reopened in July 1924.

Events (7)
1. April 21, 1908 Chartered
Source
historical_nic
2. January 4, 1924 Suspension
Cause
Government Action
Cause Details
Suspended operations and was placed under the control of a receiver beginning January 4, 1924.
Newspaper Excerpt
The bank suspended business on January 4th of this year, and since that time has been under the control a receiver.
Source
newspapers
3. January 26, 1924 Receivership
Newspaper Excerpt
At a meeting of the stockholders of the First National bank this week Henry A. Gardner...was the choice for receiver. Mr. Gardner's name was forwarded to the comptroller of the currency at Washington, D. C.
Source
newspapers
4. January 28, 1924 Receivership
Source
historical_nic
5. July 21, 1924 Reopening
Newspaper Excerpt
The First National Bank of Spanish Fork reopened for business Monday...The bank suspended business on January 4th of this year, and since that time has been under the control a receiver. Satisfactory arrangements have been worked out between the depositors and the new stockholders. The bank resumes business on a firm and satisfactory basis.
Source
newspapers
6. July 21, 1924 Restored To Solvency
Source
historical_nic
7. August 21, 1930 Voluntary Liquidation
Source
historical_nic

Newspaper Articles (3)
1. January 26, 1924 Salt Lake Telegram Salt Lake City, UT
Article from Salt Lake Telegram, January 26, 1924

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Article Text

Henry Gardner Named as Bank Receiver SPANISH FORK, Jan. 26.—At a meeting of the stockholders of the First National bank this week Henry A. Gardner, assistant cashier of the Commercial bank, was the choice for receiver. Mr. Gardner's name was forwarded to the comptroller of the currency at Washington, D. C. FALSE TESTIMONY CHARGED. OGDEN, Jan. 26.—That testimony which E. J. Wardle gave in a liquor case was false was the charge in a complaint filed in the city court yesterday by County Attorney David J. Wilson. Wardle testified in a liquor case against H. A. Poole that he obtained liquor from an unidentified man. Arresting officers claim they saw Poole put the liquor in Wardle's car when Wardle was present. RELEASE SOUGHT. BOISE, Ida., Jan. 26.—Application for the release of Floyd Munson, committed to the industrial training school last March from Twin Falls, was made to the supreme court late Friday by the boy's mother, Margaret Hoag, and his stepfather, Clyde Hoag. Argument on a writ of habeas corpus will be heard by Judge Ed L. Bryan at Caldwell on February 2. DENTISTS ELECT OFFICERS. LOGAN, Jan. 26.—The Cache County Dental society held its annual meeting and election of officers at a banquet given at the Bluebird Thursday evening. Officers elected were: President, Dr. E. I. Stewart; vice president, Dr. D. D. Tebbs; secretary and treasurer, Dr. W. G. Ruckenbrod. TAKEN ON LIQUOR CHARGE. OGDEN, Jan. 26.—Police officers raided the National hotel Friday and arrested George Anderson. He was booked on a charge of the possession of liquor and released on $500 bond. Officers said that he poured five gallons of moonshine whisky into the sink as they entered, but the gooseneck was removed and a pint obtained as evidence. FACES CHECK CHARGE. OGDEN, Jan. 26.—E. E. Alvord was arrested Friday by Sheriff R. D. Pincock on the charge of issuing a check for $10 to Clarence Brooks without sufficient funds in the bank to pay the check. LEAVES ON MISSION. SPANISH FORK, Jan. 26.—A farewell testimonial will be held at the Second ward chapel Sunday evening in honor of W. Lewis Wilde, who will leave February 2 to fill a mission in New Zealand. CHILD BREAKS ARM. SPANISH FORK, Jan. 26.—Charlotte, the 18 months' old daughter of Mr. and Mrs. Spencer Beck, fell from a chair Wednesday and broke her right arm.

2. March 18, 1924 The Salt Lake Tribune Salt Lake City, UT
Article from The Salt Lake Tribune, March 18, 1924

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Article Text

Bank Receiver Allowed to Dispose of Holdings Judge Tillman D. Johnson, in the federal court yesterday, granted H. A. Gardner, receiver for the Spanish Fork First National bank, permission to sell certain livestock and farm machinery held by the bank. The outfit is valued at $450. Permission is on the condition that the court know of the sale and sanction it.

3. July 25, 1924 The Spanish Fork Press Spanish Fork, UT
Article from The Spanish Fork Press, July 25, 1924

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Article Text

The First National Bank of Spanish Fork reopened for business Monday with the following officers and directors: President, L. J. Durrant; vice-president, Lars Nielsen; cashier, Henry A. Gardner, board of directors, Carl R. Marcusen, A. B. Morgan, Thomas Williams, E. D. Firmage. The bank suspended business on January 4th of this year, and since that time has been under the control a receiver. Satisfactory arrangements have been worked out between the depositors and the new stockholders. The bank resumes business on a firm and satisfactory basis.