Bank of Roy - Roy, NM

Bank Information

Episode Type: Suspension → Closure
Bank Type: state
Start Date: August 31, 1925
Location: Roy, New Mexico (35.944, -104.196)

Metadata

Model: gpt-5-mini
Short Digest: 7dafa780

Response Measures

None

Description

Article (The Santa Fe New Mexican, 1925-08-31) reports the Bank of Roy failed to open and the Deputy State Bank Examiner was sent to take charge. No run or depositor agitation is mentioned. The action appears to be a government intervention/suspension leading to closure/receivership.

Events (2)

1. August 31, 1925 Receivership

Newspaper Excerpt: Deputy State Bank Examiner W. F. Kirby was sent to Roy to take charge of the bank. State Bank Examiner Woodlan P. Saunders said he was not in a position at this time to give the cause of closing.
Source: newspapers

2. August 31, 1925 Suspension

Cause: Government Action
Cause Details: State bank examiner sent to take charge after bank failed to open; official closure/suspension by state authorities.
Newspaper Excerpt: The Bank of Roy failed to open its doors this morning. Deputy State Bank Examiner W. F. Kirby was sent to Roy to take charge of the bank.
Source: newspapers

Newspaper Articles (1)

1. August 31, 1925 The Santa Fe New Mexican Santa Fe, NM

Article from The Santa Fe New Mexican, August 31, 1925

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Article Text

BANK OF ROY fit to take in the premises. CLOSES DOORS Deputy State Bank Examiner W. F. Kirby Sent to Roy to Take Charge of Institution The Bank of Roy failed to open its doors this morning. Deputy State Bank Examiner W. F. Kirby was sent to Roy to take charge of the bank. State Bank Examiner Woodlan P. Saunders said he was not in a position at this time to give the cause of closing. The bank's last report, dated June 30, showed deposits, both time and demand, of approximately $80,000. John W. Harris of Las Vegas was ingly as follows: the president and F. M. Culbersen of Roy the cashier. State Treasurer Warren R. Gragham had deposit of $3,414.43 state money in the bank secured by a personal bond for $25,000.