Security State Bank - Portales, NM

Bank Information

Episode Type: Suspension → Closure
Bank Type: state
Start Date: June 16, 1925
Location: Portales, New Mexico (34.186, -103.334)

Metadata

Model: gpt-5-mini
Short Digest: df7f1355

Response Measures

None

Description

Article reports that a special deputy bank examiner who is receiver of the Security State Bank at Portales arrived and assumed charge. No run is mentioned; a receiver was appointed (government action) implying suspension/closure and receivership.

Events (2)

1. June 16, 1925 Receivership

Newspaper Excerpt: Ozment... who is also the receiver of the Security State Bank at Portales arrived here Friday and assumed charge of the Bank of Deming pending the appointment of receiver.
Source: newspapers

2. June 16, 1925 Suspension

Cause: Government Action
Cause Details: Appointment of a receiver by banking authorities leading to suspension of payments/operations.
Newspaper Excerpt: Ozment, special deputy bank examiner, and who is also the receiver of the Security State Bank at Portales arrived here Friday and assumed charge...
Source: newspapers

Newspaper Articles (1)

1. June 16, 1925 The Deming Headlight Deming, NM

Article from The Deming Headlight, June 16, 1925

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Article Text

DEPUTY C. OZMENT NOW IN CHARGE OF BANK Ozment. special deputy bank examiner. and who is also the receiver of the Security State Bank at Portales arrived here Friday and assumed charge of the Bank of Deming pending the appointment of receiver.