First National Bank - Lafayette, CO

Bank Information

Episode Type: Suspension → Closure
Bank Type: national
Bank ID: 8909
Charter Number: 8909
Start Date: September 30, 1932
Location: Lafayette, Colorado (39.994, -105.090)

Metadata

Model: gpt-5-mini
Short Digest: 1967b908

Response Measures

None

Receivership Details

Date receivership started: 1921-09-16
OCC cause of failure: Losses
Share of assets assessed as good: 88.2%
Share of assets assessed as doubtful: 1.3%
Share of assets assessed as worthless: 10.6%

Description

Articles indicate the First National Bank of Lafayette was closed and a receiver was in place (a loan was made to the receiver). No article describes a depositor run; instead the bank is in receivership in 1932 and still listed among receiverships administered in 1934. OCR errors corrected (e.g., First National hauk of Lafayotto -> First National Bank of Lafayette).

Events (6)

1. October 9, 1907 Chartered

Source: historical_nic

2. September 16, 1921 Receivership

Source: historical_nic

3. October 24, 1921 Restored To Solvency

Source: historical_nic

4. May 9, 1932 Receivership

Source: historical_nic

5. September 30, 1932 Suspension

Cause: Government Action
Cause Details: Bank was closed and a receiver appointed; Finance Corporation made a loan to the receiver of the closed bank (reported in Sept. filings).
Newspaper Excerpt: The Lafayette loan, as was made to the receiver of closed bank
Source: newspapers

6. February 4, 1934 Other

Newspaper Excerpt: Mr. Kokrda will administer the receiverships of nine banks: ... the First National bank of Lafayette ... Ten receiverships been completed by Mr. Kokrda in recent years, ... the Colorado.
Source: newspapers

Newspaper Articles (2)

1. October 24, 1932 Greeley Daily Tribune Greeley, CO

Article from Greeley Daily Tribune, October 24, 1932

Click image to open full size in new tab

Article Text

Money Comes to Farm Banks of Colorado including One in East Weld in business conditions Colorado borrowing of Colorado banks from the Finance the report filed by the corporation Saturday with the clerk the house of for Suptember, only four Colorado banks are shown to have obtained These brinks and the amounts them State bank, Fowler State bank, $15,000; First National hauk of Lafayotto, Vernon State bank, $50,000. of the loan to the Fowler bank had been disbureed up to Sept. 30. The loans the Briggadale, Fowler and Vernon banks at 61/2 per cent Interest: The Lafayette loan, as was made to the receiver of closed bank, interest. loan of $260,000 WAB made the Finance corporntion to the Joint Stock Land bank of at cent, but nono of per the money had been used up to The Discount credit organization, advanced of which had not been used to Oct.

2. February 4, 1934 Fort Collins Coloradoan Fort Collins, CO

Article from Fort Collins Coloradoan, February 4, 1934

Click image to open full size in new tab

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.