Article Text
DENVER BANK IS CLOSED BY PANIC Colo., The National its officers
1117. Denver National Bank (Denver, CO)
Bank Information
- Episode Type
- Run → Suspension → Unsure
- Bank Type
- national
- Bank ID
- 3269
- Charter Number
- 3269
- Start Date
- September 20, 1925
- Location
- Denver, Colorado (39.739, -104.985)
Metadata
- Model
- gpt-5-mini
- Short Digest
b58cf2a36fa67443
Response Measures
Full suspension, Books examined
Description
Contemporary reports (Sept. 20, 1925) state the Denver National was closed by its officers after a run prompted by false rumors; bank examiners were called and an examiner was to take charge. Later December coverage describes multiple Denver bank closings but does not clearly state whether Denver National permanently failed or later reopened, so outcome is uncertain.
Events (3)
1.
November 26, 1884
Chartered
- Source
- historical_nic
2.
September 20, 1925
Run
- Cause
- Rumor Or Misinformation
- Cause Details
- Heavy withdrawals triggered by false rumors about the bank's condition (news articles explicitly call them 'false rumors').
- Measures
- Officers closed the bank; requested a bank examiner to be sent; examiner to take charge.
- Newspaper Excerpt
- False Rumors Cause Closing of Bank ... the national bank of Denver was closed by its officers today ... because of run the bank by the of false
- Source
- newspapers
3.
September 20, 1925
Suspension
- Cause
- Rumor Or Misinformation
- Cause Details
- Bank was closed by its officers in response to the panic/run caused by false rumors; an examiner was requested to take charge of the bank's affairs.
- Newspaper Excerpt
- the chief examiner ... said here today that he placed ... national bank charge Denver was closed by officers today ... officers asked that bank examiner be sent to take charge
- Source
- newspapers
Newspaper Articles (3)
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Article Text
False Rumors Cause Closing of Bank Colo., Sept. the Associated Globe tional bank of Denver was closed by its officers today. It was capitalized at This action was officers because of run the bank by the of false its condition Herman B. Gates, former state treasurer the bank, in York officers completing details for the which recently was with the Home Savings Trust company sent the aminer quarters at officers asked that bank examiner be sent to take charge Sept. the chief examiner the for Tenth federal reserve said here today that he placed H national bank charge Denver was closed by offitoday Roberts stated that closing of bank was its cently Home Savings Trust in extremely precarious The bank. had total sources of between and 000,000
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Article Text
CLOSING OF FIVE BANKS HARD BLOW TO DENVER All Sorts of Rumors Said to Be Afloat in Colorado City CHRISTMAS BUSINESS IS STANDSTILL Police Called to Preserve Order When Run Is Started on Bank (United Press Leased Wire) Colo., Dec. local bankers and financiers were conference today to devise some means bring an end to the sitnation here that has caused the closing of five banks within two days, hundreds depositors exchanged rumors and discussed their Christmas outlook with their money tied in the closed up The series of bank closings startyesterday when the Drovers National bank. the National bank and the North Denver State closed their doors. Today the Metropolitan State and the Capitol Hill State banks failed to open. The Central Savings bank and Trust company took advantage of law making it give sixty days' notice before their savings accounts. The total amount of deposits tied in the five banks which have closed approximates The greatest excitement prevailed here today that has been seen for Business the Christmas shopping season felt sharply the financial condition. Many persons could not get their refused to spend. front of the Central Savings Trust company, where 500 perthere was much excitement and police were called to order believed that all the small banks in the city will before the day closes take advantage of the sixty day law. According the officials of all but the two national banks that closed yesterday, there is no cause alarm as the banks were placed the hands of examiners to protect depositors. many rumors were afloat throughout the morning that was impossible to check half of them. Employes offices and laborers (Continued Page Three)