1462. State Bank (Rocky Ford, CO)

Bank Information

Episode Type
Suspension → Closure
Bank Type
state
Start Date
January 12, 1912
Location
Rocky Ford, Colorado (38.053, -103.720)

Metadata

Model
gpt-5-mini
Short Digest
f0f4c96f

Response Measures

None

Description

Newspapers refer to the institution as the defunct State Bank of Rocky Ford and mention a receiver (G. M. Hall) disposing of assets and preparing a final dividend to depositors in early 1912. No run is described in the provided articles; the bank had already failed and been placed in receivership, and assets were being liquidated.

Events (4)

1. January 12, 1912 Receivership
Newspaper Excerpt
Receiver G. M. Hall returned on Tuesday from Longmont, where he was representing the defunct State Bank of Rocky Ford ...
Source
newspapers
2. January 12, 1912 Suspension
Cause
Bank Specific Adverse Info
Cause Details
Bank is described as 'defunct' and in receivership, indicating prior failure/insolvency leading to suspension.
Newspaper Excerpt
Receiver G. M. Hall returned on Tuesday from Longmont, where he was representing the defunct State Bank of Rocky Ford in the annual stockholders meeting of the Godding Ditch Co.
Source
newspapers
3. March 22, 1912 Other
Newspaper Excerpt
G. M. Hall, receiver of the defunct State Bank of Rocky Ford ... closed a deal for the Godding farm ... the receiver hopes to be able to dispose of Rocky Ford and Holbrook holdings ... and pay a final dividend, which he estimates will be about 10 percent to the general depositors.
Source
newspapers
4. March 23, 1912 Other
Newspaper Excerpt
G. M. Hall, receiver for the defunct State Bank of Rocky Ford, has at last succeeded in disposing of the piece of property ... As soon as the remaining assets of the bank can be disposed of the affairs will be closed and the final dividend to the depositors paid.
Source
newspapers

Newspaper Articles (4)

Article from Rocky Ford Enterprise, January 12, 1912

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Article Text

PERSONAL AND $1 LOCAL Louis Warren spent Friday in Pueblo. W. B. Gobin left on Wednesday for Denver. Dr. O. H. Benner made a business trip to Pueblo on Friday. John Byars left last week for a visit with relatives in Georgia. W. J. Lloyd, traveling agent of the Erie Railroad, spent Wednesday in this city. Paul Gobin and C.E. Bolton made a business trip to Ordway on Wednesday John Shireman and wife left Sunday for Amarillo, Tex., to make their home. J. C. McBride and family left on Tuesday for their future home in Arkansas. W. W. Stahl, county attorney of Lyons, Kan., is visiting Dr. T. W. Scott and family. Miss Ada Maxwell delightfully entertained the Mu Ta Delta young ladies on Monday. Miss Ruth Beaty of Colorado Springs spent Monday with her aunt, Mrs. J. W. Bowman. Mrs. Cassatt and fsmily will leave next week for Missouri, where they will make their home. G, W. Roberts, president of the Roberts Furniture Co. arrived on Monday from Portland, Ore., and will make his future home in this city. Miss Dot Redden of Buchanan, Mich., is a visitor at the home of her cousin, Mrs. C. H. Redden. Mrs. Jennie Dorflinger, who has been visiting her parents, Mr. and Mrs. M. S. Martin, left on Tuesday for her home in Kansas, J. Rohrer returned to his home in Colorado Springs yesterday, after a pleasant visit with Mr. and Mrs. A. S. Johuson. H.H. Fisher, superintendent of construction of the Arkansas Valley Railway, Light and Power Co, spent Friday and Saturday in Pueblo. Mrs. Elizabeth Gallaway who has been visiting her sister, Mrs. Cal Foulke and other relatives in the city returned to her home at Okama Okla., on Tuesday. J. F. Hohnbaum and family left for their homestead near Ayer on Wednesday. They have rented their town residence and say they are going to the farm "for keeps." Receiver G. M. Hall returned on Tuesday from Longmont, where he was representing the defunct State Bank of Rocky Ford in the annual stockholders meeting of the Godding Ditch Co.


Article from Rocky Ford Enterprise, March 22, 1912

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Article Text

GODDING FARM SOLD Brings Less Than Half of Original Valuation On Wednesday G. M. Hall, receiver of the defunct State Bank of Rocky Ford acting under instructions of Judge Rizer and with the approval of the depositors committee, closed a deal for the Godding farm in Weld county, one of the largest pieces of property remaining in possession of the bank. The farm contained 480 acres and was appraised at $40,000 at the time of the failure, but the best and in fact the only offer was $16,800, for which sum the farm was disposed of to Johnson & Miller, prominent farmers and cattlemen residing about 5 miles from Longmont. The receiver hopes to be able to dispose of Rocky Ford and Holbrook holdings within a short time, so that he may close up the affairs and pay a final dividend, which he estimates will be about 10 percent to the general depositors.


Article from La Junta Tribune, March 23, 1912

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Article Text

End of Godding Defunct Bank Case. G. M. Hall, receiver for the de funct State Bank of Rocky Ford, has at last succeeded in disposing of the piece of property in Weld county known as the Godding farm, one of the largest remaining parcels of property which has prevented the closing up of the affairs of the bank When the property in question was appraised after the failure of the institution it was said to be worth at least $40,000. but in the several years that the bank's affairs have been In the hands of the receiver. it has been impossible to dispose of it at any such price. and Mr. Hall states that he was about discouraged as to disposing of It at all. The farm contained 480 acres but not all of the land can be cultivated at an advantage and the price obtained was $16,800. As soon as the remaining assets of the bank can be disposed of the affairs will be closed and the final dividend to the depositors paid.


Article from The Springfield Herald, May 31, 1912

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Article Text

LITTLE COLORADO ITEMS. Small Happenings Occurring Over the State Worth While. Western Newspaper Union News Service. The new home of the Denver Elks was dedicated recently. Meeker's postal savings bank is proving a marked success. All the rural schools in Pueblo county have closed for the season. The Elks of Grand Junction have decided to erect a $40,000 home. The International Asociation of Auctioneers will meet in Denver June 5. The contract for water works at Miliken, to cost $12,985, has been let. School census shows that Mesa county has 6,242 children of school age. Water is running into the Milton reservoir near Eaton, for the first time. Grand Junction sugar factory has secured the largest acreage of beets in its history. May 24 Lamar celebrated the twenty-sixth anniversary of the sale of its first town lots. Fire destroyed the Big Bear stamp mill at Telluride. The plant was valued at $500,000. Grand Junction is building a $450,000 mountain water system to be completed in June. A committee of Kersey citizens is soliciting acreage for an independent sugar factory. Wednesday, June 5, has been set for the observance of Pike's Peak Day at Colorado Springs. The largest class in the history of the Colorado School of Mines was graduated this year. A fund has been completed to maintain an information bureau at Estes Park next summer. At a cost of $13,000 Greeley has completed a filtration basin at the head of its water works system. Milliken's City Council has planted the City park, consisting of several acres, with tomatoes in place of grass. Warm weather has caused a rapid rise of the White river, until it is now on the verge of breaking its banks. Business men of Colorado Springs are considering the advisability of organizing a $1,000,000 electric light company. Sixty-five men have been enlisted during the month of May at the Denver United States marine recruiting station. The preferred creditors of the longsince defunct State Bank of Rocky Ford will soon have their claims settled in full. The Redland dam, two miles south of Grand Junction, is threatened with destruction by high water in the Gunnison river. David H. Wilson, a prominent Denver newspaper man, editor of Municipal Facts, died suddenly in his home in that city. John H. Day, aged seventy-seven, a pioneer of Montrose county and a county commissioner years ago, died in Montrose. From now on every rail turned out from the Pueblo iron works will undergo a thorough inspection before being accepted by railroads. J. E. Coulter, bird fancier of Meeker, is undertaking to raise for game purposes in that section the Chinese ringed-neck pheasants. Before 1,000 spectators, the annual May Day frolic at the Teachers' college at Greeley too place, 400 students participating in the Greek festival. Petitions for submission of the constitutional amendment that will give cities in the state commission government have been circulated in Pueblo. All freight and passenger traffic on the Rio Grande Southern between Durango and Telluride has been abandoned indefintely owing to washouts. Dr. J. H. Spencer, acting as supply pastor of the Capitol Hill Baptist church of Denver, has been called to the pastorate of the First Baptist church of Colorado Springs. Leroy Lyon, the Boulder marksman, won the state individual championship with the revolver and incidentally broke the state record in the shoot of the National guard at Golden. For the purpose of voting on the question of contracting a bonded debt of $2,500 for the erection and furnishing of a new school building at Hudson, an election is called for June 8. Charles Durning was fined $100 in Rocky Ford for bootlegging. With costs, the penalty amounted to $114. He has begun the serving of the fiftyseven days that it will take to work out the fine. Renewed interest is being shown in the, Denver-Chicago automobile run, under the auspices of the Chamber of Commerce and other local commercial