Union State Bank - Rifle, CO

Bank Information

Episode Type: Suspension → Reopening
Bank Type: state
Start Date: November 13, 1930
Location: Rifle, Colorado (39.535, -107.783)

Metadata

Model: gpt-5-mini
Short Digest: 7c0a37c9

Response Measures

None

Description

Article (The Daily Sentinel, 1930-11-17) reports Union State Bank failed to open up Tuesday the thirteenth (Nov 13, 1930) because of frozen loans and a threatened run. State bank examiners arrived; officers unofficially said the bank would pay out in full. No receivership or permanent closure is mentioned; article is optimistic so I classify as suspension_reopening (suspension with expectation of resumption).

Events (1)

1. November 13, 1930 Suspension

Cause: Bank Specific Adverse Info
Cause Details: Bank failed to open due to frozen loans and a resulting threatened run; examiners called to audit condition.
Newspaper Excerpt: The Union State Bank failed to open up Tuesday the thirteenth on account of frozen loans and threatened run. State bank examiners arrived on the scene Friday evening and are working steadily to check up on the bank's condition.
Source: newspapers

Newspaper Articles (1)

1. November 17, 1930 The Daily Sentinel Grand Junction, CO

Article from The Daily Sentinel, November 17, 1930

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Article Text

News RIFLE of By Special Correspondent Phone 136-J Nov. 1930. Mr. and Mrs. Neal of Meeker were shopping in Rifle Tuesday. Mr. and Mrs. L. M. Beavers were ting friends and shopping in Rifle Tuesday from their on Divide creek. Mrs. Harry Smith entertained number of her friends at her home Wednesday noon, giving dinner. Mrs. Frances Knupp and mother. Mrs. Jones, were in Rifle Thursday friends, com. ing down from their home at Miss Katherine Clem and Miss Josephine Clem were visiting friends in Rifle Wednesday from their home in Grand Valley. Dr Andrus and Mr. and Mrs. Jess returned to Rifle Wednesday evening. after having gone Spanish Forks, Utah. attend the funeral of Dr. Andrus' sister. Mr. and Mrs. Hansen and Mr. and Mrs. Dick Hansen of Divide creek were Rifle visitors Thursday morning. Mr. and Mrs. Fremont Dixon of Piceance creek were business visltors in Rifle Thursday Miss Emma Conti of the local telephone spent Wednesday in New. Castle visiting relatives. C. H.-Durant and Frank Haley were business visitors in Glenwood Springs Wednesday. Mrs. Raymond Mahaffey and infant son of Grand Valley were visitors the Dr. Sands home in Rifle Thursday. Wallace Tillotson of the Public Service Company of Grand Junetion is spending about ten days in Rifle the service the local office of the Public Service Co. Ralph Harlow of Divide creek in visitor in Rifle Tuesday. Earl Dorsey who has been spendIng the past week in Denver and Pueblo, returned to Rifle Thursday evening. driving new Ford pick-up truck which will be:used the service of the Shell Oil company here. Harold Stauffer left for Denver Friday, where he goes to get Mrs. Stauffer. who has been undergoIng medical treatment at St. Joseph's hospital. John Brodak, who was recenttaken to St. Mary's hospietal Grand Junction. suffering from pneumonia, reported being quite critical condition. The Armistice dance given Tuesday night by the American Legion at the Rex theatre was very successful affair, with large attendance from surrounding towns. Just as we surmised. the town streets which should have had some attention along make them passable are pretty much sea of mud with the first moisture we have had in some time. Guess must have street department but we have failed to see them function for some time. The paved portions of our streets are really in better shape after the snowfall than before, as they were so dusty and dirty that when little wind came up one nearly bound to be choked. but now that we have the dust least is settled. would seem that with paved streets in the business distriet that some program of keeping them clean would be worked out 80 that the merchants wouldhave to keep on dusting crew all day. Rifle and Meeker high school teams gave the Armistice day crowd pleasant afternoon of foot fall Tuesday, Meeker winning the fray by of 13 to portion of this score could have been saved If the Rifle boys hadn't been afraid get down and tackle evidently they believe that from the neck up is the vital place to tackle. The Union State Bank failed to open up Tuesday the thirteenth on account of frozen loans and threatened run. State bank examiners arrived on the scene Friday evening and are working steadily to check up on the bank's condition. and will undoubtedly make statment upon the completion of their audit. An unofficial statement from the officers of the bank is credited with the statement that the bank will pay out full. In the meantime we without banking facilities in Rifle and while we look for no lasting III effects from the closing of the bank, still does work temporary hardship on many of the depositors. Mr. and Mrs. W. C. Barnes of Mamm creek were taking care of business affairs in Rifle Friday. Harlon Dudley came down from Alma Tuesday to spend the day with relatives. Mrs. Ed Parker left Wednesday affernoon for Denver to be with sister who is critically III. The threatened water shortage for Rifle will be helped greatly by the recent precipitation, all the surrounding our water shed being covered with snow, but it still imperative that no water wasted. Mr. and Mrs. H. H. Starker and children. Ernest Mangall and Bob Austin took motor trip Tuesday to the top of Lookout mountain above Glenwod Springs. returning via pass into the Eagle river valley and thence back to Mrs. Vern Phelps left Tuesday for Grand Junction to spend eral days. Mrs. Fred Trudeau of Glen Rulac business visitor in Rifle Mrs. Irene Zunich plans to leave LETS HOPE for Hayden Sunday, where Mr. HE WILL BE and Mrs. Zunich expect to make their home for the next several EASIER TO months or until the preCATCH THIS cludes further the highYEAR way. Mrs. Ed Kinman returned to her homo Rifle Saturday after spending the past week as the house guest of Mr. and Mrs. Fred Trudeau of Glen Rulac. Mr. Kinman also was the guest of the Trudeaus Monday and Friday of this week. The Librarians club met Thursday at the home of Mrs. Roy Heck. H. Lee was business visitor in Meeker Wednesday.