Commercial State Bank - Antonito, CO

Bank Information

Episode Type: Suspension → Closure
Bank Type: state
Start Date: October 10, 1924
Location: Antonito, Colorado (37.079, -106.009)

Metadata

Model: gpt-5-mini
Short Digest: acc2dbab

Response Measures

None

Description

Article (The Dolores Star, 1924-10-10) reports State Bank Commissioner Grant McPherson took over the Commercial State Bank of Antonito after the institution had closed its doors as a result of frozen assets. No run or depositor panic is mentioned; closure appears to be by regulatory action. I infer government action suspension leading to closure/receivership.

Events (1)

1. October 10, 1924 Suspension

Cause: Government Action
Cause Details: State Bank Commissioner Grant McPherson took over the bank after it had closed its doors as a result of frozen assets, indicating regulatory takeover/closure due to frozen assets.
Newspaper Excerpt: State Bank Commissioner Grant McPherson took over the Commercial State Bank of Antonito, institution had closed its doors after the result of frozen assets.
Source: newspapers

Newspaper Articles (1)

1. October 10, 1924 The Dolores Star Dolores, CO

Article from The Dolores Star, October 10, 1924

Click image to open full size in new tab

Article Text

CRISP COLORADO NEWS La Salle.- - Earl Midkiff, 14-year-old shot in the 13. also of by La Bud Salle Milfer, boy, right La died Salle, thigh at while the two were hunting, the Greeley hospital. Byers.-Fired upon twice by four assallants, Roy Carver, 28 years mysterious is unknown, whose north identity old. of a rancher living four miles Byers, forty miles east of Denver, was found beaten into unconsciousness by the side of the road two miles north of Byers, a few days ago. Breckenridge.-The shooting of Mrs. Laura L. Butler near Breckenridge was an accident, according to the verdiet of the coroner's jury at the inquest held in Dillon. The jury found that Mrs. Butler came to her death from the accidental discharge of a rifle in the hands of John Riley, Greeley.-John Letaveck, 30 years old, living near Milliken, was fatally when he fell from a in he was hauling injured which body, beans. wagon injur- The wagon passed over his back and causing inHe was removed to ing juries. his internal the Gree- few ley hospital, where he died a hours later. Sedgwick Harry McCullough, a from in Jumbo near drowned duck hunter lake, Haxtun, Roy Sedg- Bart- was and his companion, also of Haxtun, was more than an a wick, er ling. clinging rescued hour and afthalf to an overturned boat. The hunters had been shooting on an island in the lake and had begun the return trip when a heavy wind whipped the waves and filled the light tin boat with water. Pueblo.-Boulder will get the next annual convention of the Colorado Manufacturers and Jobbers, that city having been chosen at the closing session of the 1924 meeting at Pueblo. At the last of the sessions resolution condemning proposed child labor laws, an amendinent to create a state printing office and requesting the State Legislature to aid continuing the now famous Kansas-Colorado water fight were passed. Denver.-The new University of Colorado Medical School, East Ninth Colorado with an opened avenue and enroilment number in of boulevard. the 135 stu- hisdents, the largest of the institution. over last when 118 was tory year, attended, The facilities increase in made possible by added the new building and equipment. It Is estimated that the maximum of 142 students will be enrolled in the near future. Antonito.-State Bank Commission er Grant McPherson took over the Commercial State Bank of Antonito, institution had closed its result of frozen announced go McPherson doors after that as a that assets. he will Mr. over the bank's affairs at once. but he will not be able to announce the exact state of its assets and liabilities for several days. The Commercial State Bank of Antonito has deposits aggregating $250,000. Mr. McPherson announced. La Junta.-During the last few Marland Oil Company, is in the has leased some weeks which Craig. the operating 13,000 vicinity acres of of land in the vicinity of Timpas, a station twenty miles south of La Junta on the Santa Fe railroad. The leases call for a small cash payment and they run for a period of three years. It is said that some of the large land owngave the that a ers understanding in that vicinity test leases well with be within the next three months. is and of are started This, the movements purely wildcat those in territory charge being kept a secret as much as possible. Denver.-The Denver & Salt Lake Moffat road), railroad United (the District Court admitting that in States it had violated federal statutes by employing trainmen for more than sixteen hours at a stretch, was fined $2.300 by Judge J. Foster Symes. The violations took place in 1920 and 1923, according to Roy H. Blackman, assistant United States attorney. Colorado Springs.-Speaking before the Kiwanis Club luncheon, F. H. Bair, superintendent of schools, advocated a shift of the present district administration to the county unit of control, urged state control of education, with of a state fund, and the questioned establishment advisability education of inaugurating a department of in until state county adpowers ministrative the cabinet had and been shown to be efficient. With his subject as "Publican Education," Mr. Bair showed how the county superintendent of In El Paso county today had to with boards, a county eduand schools deal suggested thirty-eight school board of cation instead. members of which would choose a county superintendent selected on professional grounds. Denver.-Luella Hartman, pretty 18