State Bank - Monte Vista, CO

Bank Information

Episode Type: Suspension → Closure
Bank Type: state
Start Date: October 24, 1903
Location: Monte Vista, Colorado (37.579, -106.148)

Metadata

Model: gpt-5-mini
Short Digest: c7a9cf8c

Response Measures

None

Description

Article is a notice of assignee's sale for the State Bank indicating the bank was assigned (in receivership/insolvent) and assets are being sold — implies the bank closed permanently. No mention of a depositor run in the article. I infer bank-specific insolvency/assignment rather than a temporary suspension.

Events (3)

1. October 24, 1903 Receivership

Newspaper Excerpt: Notice of Assignee's Sale. In the matter of the assignment of State Bank, Norman H. Chapman, Assignee
Source: newspapers

2. October 24, 1903 Suspension

Cause: Bank Specific Adverse Info
Cause Details: Bank was assigned and placed in the hands of an assignee and its assets are being sold, indicating insolvency or failure of the bank.
Newspaper Excerpt: In the matter of the assignment of State Bank, Norman H. Chapman, Assignee: now pending in the District court of Rio Grande county, Colorado.
Source: newspapers

3. November 7, 1903 Other

Newspaper Excerpt: I, the undersigned assignee will, at the north front door of the United States postoffice on First Avenue in the town of Monte Vista ... on Saturday the seventh day of November, A. D. 1903 ... offer for sale and sell at public auction ... the residue of the assets of said assigned estate now in my hands (notice of assignee's sale).
Source: newspapers

Newspaper Articles (1)

1. October 24, 1903 The Monte Vista Journal Monte Vista, CO

Article from The Monte Vista Journal, October 24, 1903

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Article Text

Notice of Assignee's Sale. In the matter of the assignment of State Bank, Norman H. Chapman, Assignee: now pending in the District court of Rio Grande county. Colorado. Notice is hereby given that pursuant to an order made by His Honor C. C. Holbrook. Judge of the District court of the 12th Judicial district within and for the County of Rio Grande and State of Colorado, for the purpose of closing said trust and disposing of the residue of the assetts of said assigned estaté now in my hands I, the undersigned assignee will, at the north front door of the United States postoffice on First Avenue in the town of Monte Vista, in the County of Rio Grande and State of Colorado, on Saturday the seventh day of November, A. D. 1903, at 2 o'clock in the afternoon of said day, offer for sale and sell at public auction to the highest and best bidder for cash subject to the approval of the Judge of said Court five certain judgments hereinafter described, that the name of the platetiff, and defendant, the amount and date of said judgments. the county state and court where rendered and the amount if any of the satisfaction are correctly stated under the proper heading in the columns below, viz: