Bank of De Beque - De Beque, CO

Bank Information

Episode Type: Suspension → Closure
Bank Type: state
Start Date: July 18, 1903
Location: De Beque, Colorado (39.334, -108.215)

Metadata

Model: gpt-5-mini
Short Digest: 8f2680fa

Response Measures

None

Description

Article reports the Bank of DeBeque consolidated with the Mesa County Bank (Grand Junction) and closed its doors due to insufficient business. No run or depositor agitation is mentioned; this appears to be a voluntary consolidation/closure. OCR corrected 'DeBeque' to 'De Beque' for consistency. Closure occurred 'last Saturday evening' relative to the July 20, 1903 publication (Saturday = 1903-07-18).

Events (1)

1. July 18, 1903 Suspension

Cause: Voluntary Liquidation
Cause Details: Consolidated with the Mesa County Bank because owner determined there was insufficient business to maintain it as a separate institution.
Newspaper Excerpt: The Bank of DeBeque ... having consolidated with the Mesa county bank of this city and closed its doors for business last Saturday evening.
Source: newspapers

Newspaper Articles (1)

1. July 20, 1903 The Daily Sentinel Grand Junction, CO

Article from The Daily Sentinel, July 20, 1903

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Article Text

CLOSED BUSINESS. The Bank of DeBeque is no more, that institution having consolidated with the Mesa county bank of this city and closed its doors for business last Saturday evening. Rex Graham, who has had charge of the institution and so successfully managed its affairs was transferred faom there to his old position in the Mesa county bank. The bank of DeBeque was established during the first period of the oil excitement in that town and has been run ever since. The bank had a very flattering line of deposits, considering the size of the town and it was with reluctance that Mr. Orson Adams, the owner of the bank, decided that there was insufficient business to maintain the bank as a separate institution. The merchants of DeBeque and the farmers and cattle men of that section liberally patronized the bank and had the boom continued. which started with the oil excitement, the bank would doubtless have grown proportionately. Speaking with a DeBequeite today, he said: "We are sorry to lose the little financial institution but of course the business that could be commanded by the institution was entirely too small