Henderson Banking Company (Elko, NV)

Episode Information

Episode UID
94002671595
Episode Type
Suspension โ†’ Closure
Bank Type
state
Bank ID
9400267 routing
Routing Number
94-0026
Start Date
November 1, 1932
Location
Elko, Nevada (40.832, -115.763)

Metadata

Model
gemini-3-flash-preview (chosen from majority vote of a three-model LLM ensemble)
Short Digest
0c73ecaee99a30ae

Response Measures

None

Description

The bank was part of the Wingfield group and suspended during the Nevada banking holiday in Nov 1932; despite reorganization efforts and RFC surveys, it ultimately went into receivership/liquidation.

Events (3)

1. November 1, 1932 Suspension
Cause
Government Action
Cause Details
State-wide banking holiday declared by Lieutenant Governor Griswold affecting the Wingfield group.
Newspaper Excerpt
I have just declared a business and banking holiday to and including the twelfth day of November, 1932.
Source
newspapers
2. February 10, 1934 Receivership
Newspaper Excerpt
filed a petition in the district court at Carson City on behalf of the Henderson Banking Corporation of Elko asking that a depositor-creditor corporation be formed to take over that bank.
Source
newspapers
3. April 3, 1934 Other
Newspaper Excerpt
Hope ran high here today that the Henderson Banking Company would soon reopen for business when it was learned the Reconstruction Finance Corporation is making a survey
Source
newspapers

Newspaper Articles (5)

Article Text

GROUP OF BANKS The Wingfield group of banks in Nevada, with combined deposits of about sixteen million dollars and capital of $1,975,000 include: Reno National Bank and Bank of Nevada Savings and Trust Company, with deposits of $7,600,000 and capital of $800,000; Riverside Bank of Reno, capital $50,000, deposits approximately $1,060,000; United Nevada Bank of Reno, capital $400,000, deposits approximately $1,800,000; Tonopah Banking Corporation, capital $50,000, deposits approximately $325,000; Virginia City Bank, capital $25,000, deposits approximately $200,000; Wells State Bank, capital $25,000, deposits approximately $85,000; Henderson Banking Company of Elko, capital $200,000, deposits approximately $1,650,000; Churchill County Bank of Fallon, capital $75,000, deposits approximately $750,000; Carson Valley Bank of Carson City, capital $125,000, deposits approximately $850,000; Bank of Sparks, capital $25,000, deposits approximately $730,000; Winnemucca First National Bank, capital $200,000, deposits approximately $2,000,000. LEGISLATIVE SESSION Reports were current this morning that the calling of a special session of the Nevada legislature will be discussed with Governor Balzar on his return to the state as a considerable part of the state's funds, as well as the funds of counties, school districts, municipalities and the university are on deposit in the Wingfield banks. The legislative session, however, if one is called would not be held until late this month and during the next twelve days the proposed reorganization of the Wingfield banks may be effected, it was pointed out. The terms of present members of the legislature, excepting hold-over senators expire on November 8 and if the legislature is called in special session its membership will consist of those elected next Tuesday and the hold-over senators. GRISWOLD'S STATEMENT Lieutenant Governor Griswold issued a statement in addition to the moratorium proclamation setting forth in detail his reasons for taking the action. The statement follows: "To the people of the state of Nevada: By proclamation, I have just declared a business and banking holiday to and including the twelfth day of November, 1932. My reason for so doing is the conviction that business, banks, bank depositors and the entire people of the state of Nevada will be best protected by this action. "While some of our banks are not to be considered as otherwise than sound in all particulars, those of our banking institutions which have particularly supported our agricultural interests are naturally most seriously affected by the collapse in prices of agricultural products, which occurred about three years ago. Only very slight recovery in such prices has been realized and in the meantime and before the price collapse, exceptionally adverse climatic conditions have further destroyed the ability of the livestock raisers and farmers to reduce their obligations to the banks. In fact, these banks, in the hope of carrying over to a period of better conditions, have been obliged to


Article Text

Plan of Reopening Banks Through Creation Of Consolidated Institution Will Be Told The meeting is the forerunner of similar gatherings to be held in all communities where Wingfield banks are located. The meeting in Sparks will be followed by a gathering of bank depositors of the Henderson Banking corporation in Elko Tuesday noon and of the Wells State Bank Tuesday night. The Winnemucca meeting is likely to be held Wednesday noon. Three meetings are likely in Reno, one for the depositors of the Reno National and the Bank of Nevada Savings & Trust company, another for the United Nevada and the third for the Riverside Bank. However, the dates of the Reno meetings have not been set. In each instance depositors will be told of Nevada banking difficulties and of the way out, through the consolidated bank plan.


Article Text

ELKO BANK ACTS Griswold returned late yesterday from Winnemucca where he spent a week and immediately filed a petition in the district court at Carson City on behalf of the Henderson Banking Corporation of Elko asking that a depositor-creditor corporation be formed to take over that bank. The unanimous decision of the state supreme court yesterday, upholding the authority of Judge Clark Guild of the district court to place seven of the state banks in the hands of receivers, wound up a hotly contested phase of the protracted litigation. GUILD DUE TUESDAY It is expected that Judge Guild will name the receiver or receivers next week. He is now in Las Vegas and will return to Carson on Tuesday, he has advised the court attaches, at which time he may take up the petition of the Henderson Banking Company and may also name the bank receivers. Depositors of the Henderson Banking Corporation of Elko completed preparations several days ago for filing the petition for organizing a depositor-creditor corporation similar to the corporation that is now in charge of the Churchill County Bank at Fallon. Depositors of the Elko holding nearly one million dollars in deposits signed the necessary petitions. It is reported that similar action will be taken by depositors of the Wells State Bank of Wells, which is also in Elko county. These two banks were not included in the receivership decision of Judge Guild. They were eliminated by him because of the fact that they had asked for a change of venue from his court shortly before his receivership opinion was rendered. FEES OF ATTORNEYS Next week it is expected that the state board of finance will consider the claim presented by Harwood & Diskin for attorney fees for representing the state bank superintendent.


Article Text

Henderson Bank May Soon Reopen ELKO, April 3.โ€”(UP)โ€”Hope ran high here today that the Henderson Banking Company would soon reopen for business when it was learned the Reconstruction Finance Corporation is making a survey of the institution. F. J. Sullivan, a R. F. C. representative from Washington, was here to study the resources of the bank under a plan whereby it would open under an agreement with the corporation. Two assistants will arrive here tomorrow to assist Sullivan. Sullivan's recommendations will be submitted to the stockholders at a meeting April 16 when directors will be elected. BETTER AFTER OPERATION Mrs. Frankie Neal, who recently underwent a major operation at the Washoe general hospital, is reported to be much improved.


Article Text

Henderson Bank May Soon Reopen ELKO, April -(UP)-Hope ran high here today that the Henderson Banking Company would soon reopen for business when it was learned the Reconstruction Finance Corporation IS making a survey of the institution. F J Sullivan, a R F. C. repiesentative from Washington, was here to study the resources of the bank under a plan whereby it would open under an agreement with the corporation Two assistants will arrive here tomorrow to assist Sullivan Sullivans recommendations will be submitted to the stockholders at a meet.ng April 16 when daectors will be elected.