American State Bank - Granada, CO

Bank Information

Episode Type: Suspension → Closure
Bank Type: state
Start Date: June 13, 1925
Location: Granada, Colorado (38.064, -102.310)

Metadata

Model: gpt-5-mini
Short Digest: 916a14f9

Response Measures

None

Description

Article (AP, June 13, 1925) reports the American State Bank at Granada closed and placed in receiver's hands; state examiners sent to take charge. Cause given as the depression in agriculture. No mention of a depositor run.

Events (2)

1. June 13, 1925 Receivership

Newspaper Excerpt: State bank examiners were sent to take charge of the institution's affairs. ...received here today. The bank' capital was $10,000 and deposits $67,142
Source: newspapers

2. June 13, 1925 Suspension

Cause: Local Shock
Cause Details: Depression in agriculture in the section given as cause of the bank's closing.
Newspaper Excerpt: News of the closing of the American State bank at Granada, Colo., was received here today by State Bank Commissioner Grant McFerson. State bank examiners were sent to take charge of the institution's affairs.
Source: newspapers

Newspaper Articles (1)

1. June 14, 1925 El Paso Times El Paso, TX

Article from El Paso Times, June 14, 1925

Click image to open full size in new tab

Article Text

Granada, Colo., Bank in Receiver's Hands DENVER, COLO., June 13 (AP).News of the closing of the American State bank at Granada, Colo., was received here today by State Bank Commissioner Grant McFerson. State bank examiners were sent to take charge of the institution's affairs. The depression in agriculture in the section was given as the cause of the bank's The bank' capital was $10,000 and deposits $67,142