1355. Fort Collins National Bank (Fort Collins, CO)

View Charter #5503 on SPMC

Bank Information

Episode Type
Suspension → Closure
Bank Type
national
Bank ID
5503
Charter Number
5503
Start Date
February 23, 1933
Location
Fort Collins, Colorado (40.585, -105.084)

Metadata

Model
gpt-5-mini
Short Digest
2a926d1a

Response Measures

None

Receivership Details

Depositor recovery rate
100.0%
Date receivership started
1933-02-23
Date receivership terminated
1935-08-17
Share of assets assessed as good
26.2%
Share of assets assessed as doubtful
71.2%
Share of assets assessed as worthless
2.6%

Description

The Fort Collins National Bank was closed (suspended) on Feb. 23, 1933 and a federal receiver (F. L. Kokrda) was appointed. Articles state there was no run in the community and subsequent articles describe receivership actions (assessments, dividends, RFC advances), indicating the bank remained in receivership/closed rather than reopening.

Events (5)
1. July 17, 1900 Chartered
Source
historical_nic
2. February 23, 1933 Receivership
Source
historical_nic
3. February 23, 1933 Suspension
Cause
Government Action
Cause Details
Bank closed and placed in receivership (federal receiver appointed); formal closing on Feb. 23, 1933.
Newspaper Excerpt
Mr. Webb left Fort Collins Immediately after the closing of the Fort Collins National on Feb. 23, going first the home of his ...
Source
newspapers
4. April 26, 1933 Receivership
Newspaper Excerpt
FORT COLLINS, Colo. April 26 ... assessment ... against the 35 stockholders of the Fort Collins National bank was announced Tuesday by F. L. Kokrda, bank receiver in charge. The assessment, Kokrda said, was authorized by the comptroller of the currency. (Albuquerque Journal, 1933-04-27).
Source
newspapers
5. August 29, 1933 Other
Newspaper Excerpt
This included $17,381,800 to aid in the tion or liquidation of banks closed in process of liquidation. Loans to Colorado included: ... Fort Collins National bank receiver, $20,000; ... Twenty thousand dollars was paid as intial dividend to depositors, but this was cash from assets.
Source
newspapers

Newspaper Articles (7)
1. February 26, 1933 Fort Collins Coloradoan Fort Collins, CO
Article from Fort Collins Coloradoan, February 26, 1933

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Article Text

Stability A fact which shows the stability of character of citizens of this community is that since the closing of the Fort Collins National bank no disturbance has occurred in the business life of the community. Normal business has been conducted by the two banks of the city and mercantile business has gone on as usual. In the entire history of the city of Fort Collins there has never been a run on a bank. People fully realize that in order to keep the business of a community going It is necessary that the surplus money be carried in the banks. Panies have come and gone, but this community has steadily advanced in its development and the character and stability of its citizens appear to be of the same high standard as that of the early pioneers who laid the foundation upon which subse. quent developments have been built.

2. April 27, 1933 Albuquerque Journal Albuquerque, NM
Article from Albuquerque Journal, April 27, 1933

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Article Text

STOCKHOLDERS OF BANK IN COLORADO ASSESSED FULL VALUE OF STOCK FORT COLLINS, Colo. April 26 totaling $100,000. against the 35 stockholders of the Fort Collins National bank was announced Tuesday by F. L. Kokrda, bank re. ceiver in charge The assessment, Kokrda said, was authorized by the comptroller of the currency. In addition to miscellaneous claims, the individual deposits, savings accounts and certificates of deposit total $112,500 Kokrda said

3. April 29, 1933 The Daily Sentinel Grand Junction, CO
Article from The Daily Sentinel, April 29, 1933

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Article Text

STOCKHOLDERS OF FORT COLLINS BANK PAY AN ASSESSMENT (Associated Press Leased Fort Collins, April thirty-five stockholders of the Fort Collins National bank have been assessed 100 per cent their holdings or total of 000. Kokrda. bank receiver In charge. has announced. The comptroller the has approved the assessment Kokrda announced. stockholders the bank Wellington, similarly, the receiver said.

4. August 29, 1933 Fort Collins Coloradoan Fort Collins, CO
Article from Fort Collins Coloradoan, August 29, 1933

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Article Text

by experienced man; can give CLASSIFICATION Webb Petition references. Call 1826W, ask Jake Lehr. BENNETT HOTEL, comfortable, home like rooms, steam heat. hot WIDOW wants housekeeping in 3t-106B3 town country. Write Box 399, Almost Makes reduced rates. Fort Collins, Colo, or call at 215 BEAUTIFULLY furnished room, Whitcomb. Beauty Rest mattress: very reaCOLLEGE BOY wants to work for sonable; opposite high school. 1t107B3 1345 board or room or both. Ph. 1190. Big Headlines S. Gollege. An official notice petitioning federal district court for the involuntary bankruptcy of G. Webb. former president of the Fort Collins National bank, threatened to reach the big headlines of Denver newspapers Tuesday because of the formal phrasing of the petition to the effect that Mr. Webb "Is not resident of this district and cannot be found therein, and that personal service of subpoena cannot be made upon "What about the banker who has disappeared? came long distance query to The office. few minutes later the verified information was given that the phraseology of the petition was formality: that Mr. Webb was with relatives at Beverly Hills, Callf. Mr. Webb left Fort Collins Immediately after the closing of the Fort Collins National on Feb. 23, going first the home of his and Exed

5. September 25, 1933 Fort Collins Coloradoan Fort Collins, CO
Article from Fort Collins Coloradoan, September 25, 1933

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Article Text

RFC Reports Action on Bank Application Here Washington. The Monday reported to congress that during /.ugust authorized advances ag. gregating The report made public by South Trimble of the house showed was authorized loans to trust companies, railroads and various financial institutions. Of the loans to financial institutions, $36,178,287 banks and companies. This included $17,381,800 to aid in the tion or liquidation of banks closed in process of liquidation. Loans to Colorado included: Colorado Title Trust company, Colorado $237,065; Fort Collins National bank receiver, $20,000; Briggsdale State bank, $3,410. The for $25,000 for preferred stock In First National bank of Meeker, Colo. Do you need your roof fixed, The Fort Collins National bank concrete or cabinet work loan the present time merely Call an and the affirmative done? action means that can be availOrton Davis able receiver line credit desired. Twenty thousand Builder Carpenter, Contractor dollars was paid as intial divi115 Lyon Phone 185 dend to depositors, but this was Long Time" cash from assets.

6. January 14, 1934 Fort Collins Coloradoan Fort Collins, CO
Article from Fort Collins Coloradoan, January 14, 1934

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Article Text

Banking Progress Boulder Indicative the delays incident to bank receiver ship the announcement second dividend by the Fort Collins National bank which has been closed nearly year. The present payment makes total of percent but the total amount so far disbursed only about $60,000. the bank being small one. The Fort Collins First National has about completed its campaign for waivers and still has to sell the stock necessary to re-capitalize the bank. Amount required the same as for our own First National but $5,000 stock taken by the RFC. Gradually the banking situation in Northern Colorado being worked out. Boulder farther along than Fort Collins with the Indications that our New First National will be In operation by Feb. Additional time has been secured by the Mercantile Bank and Trust company to carry out its plans and its officers and directors are confident they will

7. February 4, 1934 Fort Collins Coloradoan Fort Collins, CO
Article from Fort Collins Coloradoan, February 4, 1934

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Article Text

Six Move Here In Shift of Bank Receiver's Office With the establishing in Fort Collins of headquarters of F. Kokrda. receiver for nine Colorado banks two in Larimer county, an interesting former Denver residents was added to Fort Collins during the past week. Mr. and Mrs. Kokrda have established themselves at 1437 West Mountain avenue, rented the residence at that address. Coming with them from Denver office to make their residence here are Mrs. Dunn, bookkeeper, and Miss Edna Mrs. Dunn accompanied by her husband, disabled war veteran wh oserved as captain with Ráindivision. Mrs. Dunn formerly studied at the Conservatory of Music at the Colorado Agricultural college, and was accompanist for DIAlexander Emalie in his pubHe appearances at that time. She planist of ability, prominent in all musical circles of Fort Collins. The Dunns are located at 431 West Oak street. Miss Backloup, mother lives with has located at the Scott apartments. From life Fort Colline office in the Fort Collins National bank building, Mr. Kokrda will administer the receiverships of nine banks: The Fort Collins National bank. the First National bank of Wellington, the First National bank of Lafay ette, the First National bank of Brighton, the First National bank Yuma, the First National bank of Deetrail, the Limon bank, the Glbe National bank of Denver and the Broadway National bank of Denver. The two latter are bases in which disposition of suits against depositors is being awaited. Ten receiverships been completed by Mr. Kokrda in recent years, of which one was in in Wy. oming and the Colorado.