1421. Home State Bank (Montrose, CO)

Bank Information

Episode Type
Suspension → Closure
Bank Type
state
Start Date
March 1, 1922*
Location
Montrose, Colorado (38.478, -107.876)

Metadata

Model
gpt-5-mini
Short Digest
42e0a29d

Response Measures

None

Description

Articles (Feb–Mar 1923) state the Home State Bank of Montrose 'closed its doors last March' / 'about a year ago' — indicating a prior suspension/closure (circa Mar 1922). No mention of a depositor run; the bank remained closed and legal actions followed. Cause of suspension is not specified in the articles.

Events (1)

1. March 1, 1922* Suspension
Cause Details
Article(s) do not specify a trigger; simply state the bank closed its doors about a year earlier (likely insolvency or failure but not stated).
Newspaper Excerpt
the De funct Home State Bank of Montrose, which closed its doors last March
Source
newspapers

Newspaper Articles (2)

Article from The Arvada Enterprise, February 1, 1923

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Article Text

LATE NEWS From All Over COLORADO Loveland The Colorado Portland Cement Company will, in the near future, build and operate in Loveland cement plant costing $1,500,000. Boulder.-Dr. Luman M. Giffin, 74, pioneer Colorado physician, and first down of the medical school at the University of Colorado, died at his home in Boulder as a result of a stroke of apoplexy. Boulder.-Frank Christensen, 24 years old, was Instantly killed when his arm came in contact with a highvoltage wire while be was working on a pole for the Western Light and Powor Company at Boulder. Greeley.- dog fight caused James W. Gault, prominent Greeley attorney, to be arrested for disturbance. Gault was placed in the county jull by Sher LEE H L. Corder, but was subsequently admitted to ball, which he gave. Idaho Springs-The body of Fred James, 34 years old, of Idaho Springs, was found on the Mount Evans trull, more than M mile from Echo lake, where he bad fallen from exhaustion in trying to make his way home. Denver.-The State Highway Commission announced that the new Buttes bridge over Fountain creek between Colorado Springs and Pueblo, bullt to replace one destroyed by the floods of June, 1921, had been opened to traffic. Leudvilla-After deliberating eight hours, a jury in District Court found William H. Upton, alleged gumbling house owner, not guilty of the murder of Herbert Beedle, allus Art Lingo, another gumbling house proprietor and Upton's former business associate. Durango.-Because he believed that Alfred Hadley, 23, was responsible for the disuppearance of his 16-year-old daughter, J. F. Flincher of Ackman shot Hadley dead a few days ago. Flincher gave himself up to the sherIff and is In jail at Cortex. Idaho Springs.-Mrs. George Wright was painfully burned about the arms, hands and face when she entered her burning home and rescued her 5-yearold daughter from the flames. The child is said to have thrown a lighted match into the kitchen woodbox while her mother was in the yard. Rifle.-In the first attempt to keep the road clear of snow, mail and supplies are being transported on time between Rifle and Meeker, Colo., a distance of forty-four miles, for the first time in history, during winter months, according to an announcement by the State Highway Department. Deaver.-The annual meeting and election of officers for the Denver Tuberculosis Society was held recently. Those elected were Dr. G. Walter Holden, president ; Dr. Charles N. Meader and Henry Van Kleeck, vice president : William W. Grant, treasurer, and Dr. M. Ethel V. Fraser, secretary. Montrose.-The directors of the De funct Home State Bank of Montrose, which closed its doors last March, must pay damages to the First Church of Nasarene In the sum of more than $1,200, the amount of deposits made by the Nasarene church in the bank less than thirty days before the closing. according to jury verdict rendered in Dis trict Court. Durango.--The biggest storm or the year has settled over southwestern Colorudo. Railroad trains are running hours late telephone and electric serv. Ice has been interrupted. The fall of snow ranges from one foot at Durango to four feet in the mountains. No loss of life or damage to stock has been re ported The storm Insures plenty of water for irrigation in this district dur ing the year. Greeley.-Heary M. De Votte, 82 years old, planeer resident of Greeley, and former member of the State Leg talature, died at his home a few days ago. Guanison.-Dr. Samuel Quigley, presIdent of the Normal School, and Mrs. Marie Dunn, were married at Gunns son and Immediately departed on the evening train for Denver. Dr. Quigley was made head of the school several years ago upon his return from research work in France in connection with the war. Mrs. Dunn came to Gunnison eighteen months ago from Lincoln, Neb., and was made matron of the girls' dormitory at the school. Deaver.-The El Paso county boys' stock judging team won first honors in the Interstate boys' and girls' club judging contest at the National Western Stock Show by scoring 1,200 out of a possible 1,500 points. The Colorado team is composed of Dean Bease,


Article from Gunnison News-Champion, March 9, 1923

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Article Text

Quits Field Cold Montrose Fire 111 that to of that date as the friends of 11 being one of the the I ncompahgre paper with 1800 subreason for it. disconbecause of the financial so noticeable in ley for the past year. primary cause was the Home State Bank at trusty which clu ed its door about a wear ago. it. president. C. E. Earpart being part owner of the newspaper The immediate cause of failare was the fact that the Intertype company sent a representative to Montrose a few days ago with instructions to remove one of the important type-setting machines because of failure to make monthly payments upou t There has been a tendency of late toward consolidations of newspapers, and it 1. believed that the suspension of the Enterprise is another sign in this direction As a matter of fact, the large town of ( anon City has had but one newspaper for years. Friday afternoon of last week, a traint warrant was issued by the for the unpaid taxes of the applist Printing which amounts to 100 dollars Sheriff Phillips took sion of the property, and unless the taxes are paid within five days, advertise the property for sale. Lynne Monroe, the editor of the Enterprise for many years, will seek another field for his activities in the vspaper business. Mr. Monroe is an excellent writer and a splendid citizen. We extend our regrets to him personally and to the Democrats of Montrose county, who are left without the square and honest 1 representation he has given them. 00