12878. Encino State Bank (Encino, NM)

Bank Information

Episode Type
Suspension → Closure
Bank Type
state
Start Date
January 1, 1922*
Location
Encino, New Mexico (34.651, -105.462)

Metadata

Model
gpt-5-mini
Short Digest
91d6cebdcd70e686

Response Measures

None

Description

Articles (Feb 1922) report the Encino State Bank had suspended some weeks earlier, was found insolvent by the state bank examiner, and a receiver (Frank Hunsinger) was appointed Feb 16, 1922. No article describes a depositor run; the closure follows findings of insolvency.

Events (3)
1. January 1, 1922* Suspension
Cause
Bank Specific Adverse Info
Cause Details
Bank was found insolvent by the state bank examiner; bank had recently closed/suspended and examiner intended to report insolvency to attorney general.
Newspaper Excerpt
APPOINTED RECEIVER. ... Frank Hunsinger ... has been appointed receiver for the Encino State bank, of Encino, which suspended some weeks ago.
Source
newspapers
2. February 10, 1922 Other
Newspaper Excerpt
Encino Bank Is Insolvent ... State Bank Examiner James B. Read today announced he intended to report to the attorney general's office that the Encino State bank, recently closed and placed in his hands was insolvent so application could be made for the appointment of a receiver for the bank.
Source
newspapers
3. February 16, 1922 Receivership
Newspaper Excerpt
Frank Hunsinger of Vaughn, has been appointed receiver for the Encino State bank, of Encino ... The appointment was made by Judge Edwin Mechem ... Third judicial district court.
Source
newspapers

Newspaper Articles (3)
1. February 10, 1922 The Evening Herald Albuquerque, NM
Article from The Evening Herald, February 10, 1922

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Article Text

Encino Bank Is Insolvent (Special to The Herald) SANTA FE, Feb. 10 State Bank Examiner James B. Read today announeed he intended to report to the attorney general's office that the Encino State bank. recently closed and placed in his hands was insolvent so application could be madd for the appointment of a receiver for the bank.

2. February 11, 1922 Albuquerque Morning Journal Albuquerque, NM
Article from Albuquerque Morning Journal, February 11, 1922

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Article Text

REPORTS ARE BEING PREPARED TO SHOW 2 BANKS INSOLVENT (Special Correspondence to The Journal.) Santa Fe, Feb. ).-Reports are now being prepared by the state banking department showing insolvency of the Bowman Bank and Trust company of Las Cruces, and the Encino State bank of Encino. When these reports are filed the attorney general will ask the courts to designate James B. Read. state bank examiner, as receiver. When this is done Read will appoint two deputy bank examiners, each to have charge of one of the institutions and close out its affairs.

3. February 17, 1922 Albuquerque Morning Journal Albuquerque, NM
Article from Albuquerque Morning Journal, February 17, 1922

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Article Text

APPOINTED RECEIVER. Santa Fe, Feb. 16. - -Frank Hunsinger of Vaughn, has been appointed receiver for the Encino State bank, of Encino, which suspended some weeks ago. The appointment was made by Judge Edwin Mechem, of Alamogordo, presiding judge of the Third judicial district court.