Peoples National Bank

Bank Information

Episode Type: Suspension → Closure
Bank Type: national
Bank ID: 4084
Charter Number: 4084
Start Date: March 8, 1898
Location: Denver, Colorado (39.739, -104.985)

Metadata

Model: gpt-5-mini
Short Digest: 19bcdf8931e60e9e

Response Measures

None

Receivership Details

Depositor recovery rate: 76.2%
Date receivership started: 1899-12-20
OCC cause of failure: Losses
Share of assets assessed as good: 7.6%
Share of assets assessed as doubtful: 39.4%
Share of assets assessed as worthless: 53.0%

Description

Article (Florence Daily Tribune, 1898-03-08) reports D. D. Seerie appointed receiver of the People's National Bank of Denver in connection with litigation with the People's Savings Bank. No run or reopening is mentioned; appointment of a receiver implies permanent closure/receivership.

Events (4)

1. July 30, 1889 Chartered

Source: historical_nic

2. April 27, 1897 Voluntary Liquidation

Source: historical_nic

3. March 8, 1898 Receivership

Newspaper Excerpt: D. D. Seerie has been appointed receiver of the People's national bank, of Denver, in connection with litigation in which that institution is involved with the People's savings bank.
Source: newspapers

4. December 20, 1899 Receivership

Source: historical_nic

Newspaper Articles (1)

1. March 8, 1898 The Florence Daily Tribune Florence, CO

Article from The Florence Daily Tribune, March 8, 1898

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Article Text

STATE NEWS War is being waged by the El Paso county authorities upon gamblers and Colorado City's "knights of the green cloth" are either in jail or traveling for their health. The newspaper men of the Arkansas valley and neighborhood adjacent thereto are to be entertained in Pueblo on March 14 by the pen pushers of the 'Little Pittsburgh." D. D. Seerie has been appointed receiver of the People's national bank, of Denver, in connection with litigation in which that institution is involved with the People's savings bank. Professor J. D. Caldon has been investigating the deposits of tin near Morrison and reports that the ore is true cassitorite. He has sent some samples to England in order to get tests made and interest English capital. William N. Byers has asked the Arapahoe county commissioners to pay over to the festival directors the $6,000 appropriated for the Festival of Mountain and Plain at once. The warrant will be paid over in a day or two.