12864. American Bank & Trust Company (Clovis, NM)

Bank Information

Episode Type
Suspension → Closure
Bank Type
trust
Start Date
*
Location
Clovis, New Mexico (34.405, -103.205)

Metadata

Model
gpt-5-mini
Short Digest
0b3f3c0da10765c2

Response Measures

None

Description

Articles (Nov 1914) report the American Bank & Trust Company at Clovis went out of business over two years ago and that a receiver (Charles E. Dennis) was handling matters; court testimony indicates falsified books and possible fraud by the president. No contemporaneous run is described. Classified as suspension leading to permanent closure/receivership due to bank-specific adverse information (falsified entries).

Events (2)
1. * Receivership
Newspaper Excerpt
Charles E. Dennis, receiver for the American Bank and Trust company at Clovis, which went out of business over two years ago
Source
newspapers
2. * Suspension
Cause
Bank Specific Adverse Info
Cause Details
Evidence indicated books had been falsified; an entry charged Mountain View Bank $5,000 while president L. C. West was credited $5,000.
Newspaper Excerpt
receiver for the American Bank and Trust company at Clovis, which went out of business over two years ago
Source
newspapers

Newspaper Articles (2)
1. November 2, 1914 Albuquerque Morning Journal Albuquerque, NM
Article from Albuquerque Morning Journal, November 2, 1914

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Article Text

# Earnest Back From Oklahoma. Santa Fe, Nov. 1.-Traveling Auditor Howell Earnest has returned from Lawton, Okla., where he attended court and testified in the case of Charles E. Dennis, receiver for the American Bank and Trust company at Clovis, which went out of business over two years ago, against the Mountain View Bank of Lawton. The Oklahoma court ruled against Dennis recovering the $8,900 for which he sued. The evidence at Lawton seemed to indicate that the books of the American Bank and Trust company had been falsified to the extent of an entry which charged the Mountain View bank with $5,000, although the latter never received the amount, although the same day, L. C. West, who was president of both banks, was credited with $5,000.

2. November 2, 1914 Las Vegas Optic Las Vegas, NM
Article from Las Vegas Optic, November 2, 1914

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Article Text

RECEIVER IS LOSER Santa Fe, Nov. 2.-Traveling Auditor Howell Earnest has returned from Lawton, Okla., where he attended court and testified in the case of Charles E. Dennis, receiver for the American Bank and Trust company at Clovis, which went out of business ever two years ago, against the Mountain View Bank of Lawton. The Oklahoma court ruled against Dennis recovering the $8,900 for which he sued. The evidence at Lawton seemed to indicate that the books of the American Bank and Trust comany had been falsified to the extent of an entry which charged the Mountain View bank with $5,000, although the latter never received the amount, although the same day, L. C. West, who was president of both banks, was credited with $5,000.