1463. State Bank (Rocky Ford, CO)

Bank Information

Episode Type
Suspension → Closure
Bank Type
state
Start Date
January 1, 1907
Location
Rocky Ford, Colorado (38.053, -103.720)

Metadata

Model
gpt-5-mini
Short Digest
80ff4a55

Response Measures

None

Description

The State Bank of Rocky Ford failed to open its doors at the new year (circa 1907) and a receiver (G. M. Hall) was appointed; no article describes a depositor run. The papers document a long receivership with periodic dividends and a final dividend declared in late 1915, consistent with a suspension followed by permanent closure/receivership wind-up.

Events (3)
1. January 1, 1907 Receivership
Newspaper Excerpt
G. M. Hall, receiver for the State bank of Rocky Ford; Receiver Hall has been the receiver, for the defunct institution Mr. Hall has been the receiver, for the defunct institution Mr. Hall has been the receiver, for the defunct institution ...Receiver G. M. Hall, receiver for the State Bank of Rocky Ford, came in from Idaho on Friday last, and has since been engaged in arranging for the finale of all matters connected with the defunct bank. ...acting for Receiver G. M. Hall of the defunct State Bank of Rocky Ford, is making final arrangements for the settlement of the affairs of the Rocky Ford State Bank. ...A final dividend of the defunct state bank at Rocky Ford, amounting to 4 per cent has been declared. The receiver will be discharged. (1915 articles).
Source
newspapers
2. January 1, 1907 Suspension
Cause
Bank Specific Adverse Info
Cause Details
Bank 'failed to open its doors' at the turn of the year and ceased operations; receiver appointed thereafter.
Newspaper Excerpt
the institution that failed to open its doors after the new year of seven years ago.
Source
newspapers
3. October 29, 1915 Other
Newspaper Excerpt
FINAL DIVIDEND Has Been Declared by Receiver of State Bank - Depositors Receive 25 Percent ...the affairs of the State Bank of Rocky Ford will be wound up exactly eight years after that institution created consternation and dire financial trouble in this city by failing to open its doors. ...final dividend-amounting to 4 percent-has been declared and depositors will about the first of November receive notice ... At the expiration of the thirty days the receiver will make his final , report and probably be granted his discharge by the court. (Rocky Ford Enterprise, 1915-10-29).
Source
newspapers

Newspaper Articles (10)
1. December 27, 1913 La Junta Tribune La Junta, CO
Article from La Junta Tribune, December 27, 1913

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# New Secretary of High Line At a meeting of the board of directors of the High Line canal the first of the week, Lloyd R. Pollock was elected as the new secretary to succeed G. M. Hall. The High Line office is to remain in Rocky Ford, and will not be removed from the Elm avenue location which it has occupied for nearly a quarter of a century. Mr. Pollock will assume the duties of his new position on January 1st. No person in the entire valley, aside from Mr. Hall, knows more about the business of the High Line company than Mr. Pollock. The directors of the canal are to be congratulated upon being able to secure his services. He has been associated with Mr. Hall in the High Line office for a number of years. During that time he has been one of the workers for Rocky Ford's annual fair, and has assisted Mr. Hall in his work as receiver for the State Bank, and as secretary for the High Line company. Mr. Hall will at once assume the management and superintendency of the Holbrook canal. He will retain his residence in Rocky Ford but has not yet decided that he will have an office in this city. The greater part of his work be out in the canal district - Rocky Ford Tribune.

2. January 16, 1914 Rocky Ford Enterprise Rocky Ford, CO
Article from Rocky Ford Enterprise, January 16, 1914

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SUPREME COURT Hands Down Decision on Two Cases from Rocky Ford Amongst the supreme court decisions handed down on Monday were the following: No. 7607-Emma A. Godding vs. G. M. Hall, receiver for the State bank of Rocky Ford. Appeal from the district court of Otero county. Judgment reversed with instructions. No.7859-First - National bank of Rocky Ford vs G. W. Lewis; error to the district court of Otero county. Judgment

3. June 5, 1914 Rocky Ford Enterprise Rocky Ford, CO
Article from Rocky Ford Enterprise, June 5, 1914

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STATE BANK MATTERS Engage the Attention of Receiver Hall and Former Depositors of the Defunct Institution The approaching departure from this city and state of G. M. Hall-which was made public by The Enterprise two weeks ago-revived interest in the affairs of the old State Bank of Rocky Ford, of which defunct institution Mr. Hall has been the receiver, for it was thought likely some settlement of affairs would speedily be made. With the end in view of learning how matters stood The Enterprise interviewed Mr. Hall and we are sorry to inform our readers that much as it would please the receiver there will be no immediate settlement. A few months ago the supreme court reversed a decision of the district court and returned to the latter tribunal the case of the State Bank Receiver vs. Mrs. Emma Godding for retrial under an amended complaint that virtually admitted it would be conniving a felony to take cognizance of the proviso that Banker Godding should be immune from arrest when her interest in the Godding home and the bank building was turned over to the State Bank creditors. In place of entering an amended complaint as directed, which would likely keep the case dragging along in the courts for several years the receiver has been trying to compromise with Mrs. Godding so as to prevent further litigation, but instead of $7,500 which is said to be a very reasonable valuation of the property that according to the conveyance made to R. M. Pollock as trustee, which, shorn of the proviso, was to be sold for the benefit of the creditors-the receive .as been offered $2,500, and as such a sop can not be considered, the receiver believes that a settlement can not be agreed upon and is making ready to prosecute the suit for possession of the property mentioned. For some time Receiver Hall has had sufficient funds to pay another small dividend to the creditors, but he has withheld payment in the hope that this compromise could be affected and he could make a final settlement, but it now looks like this money will have to go the way of considerable more and be spent in litigation.

4. June 13, 1914 The Colorado Statesman Denver, CO
Article from The Colorado Statesman, June 13, 1914

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COLORADO NEWS GATHERED FROM All Parts of the State Western Newspaper Union News Service. DATES FOR COMING EVENTS. June 19-20. -Strawberry Day at Glenwood Springs. 9-20.-Meeting Colorado Bank June June ers 25-28.- Association at State Christian Colorado Endeavor Springs. Convention at Colorado Springs. June 13-July Race Meet, Denver. July 7-11.- Race Meet Pueblo. PostJune 16-17 Meeting Colorado masters' Convention at Denver July 1-4.- Semi-Centennial Home-Coming Celebration at Fort Collins. July -Cherry Pie Day. Manzanola July 13-19.-Grand Lodge Session, B.P. Elks at Denver. July 22-23 Cattlemen's Day. GunniJuly son 30 Democrat.c State Convention Denver. Aug. 18-21.- Prowers Co. Fair. Lamar, and Aug. 25-27.-K. of Grand Lodge Uniform Rank Encampment, Pueblo. Aug. 25-28 -Bant Co. Fair, Las Animas. Aug. 27.-Santa Fe Trail Day. Las Animas. Aug. .-Farmers' Fair at Fowler. Sept 1-4.-Ark a n sas Valley Fair, Ford. Rocky Sept. Watermelon Day Rocky Ford. Sept. 2-5.-Farmers' and Stockmen's Fair, Burlington. Sept. 1-4.-Morgan Co. Fair, Fort MorSept. gan 1-5.-Larimer County Fair, Loveland. Sept. -Kiowa County Fair at Eads. Sept. 8-11.-Crowley Co. Fair. Sugar City Sept. 9-11 -Cheyenne County Fair at Chevenne Wells. Sept. 10.-Sugar Day. Sugar City. Sept. State Fair, Pueblo. Sept. 15-18.-Lincoln Co. Fair at Hugo. Sept. 19-26.--Race Meet Denver. Sept. 21-23.-Inter-Co. Fair and Race Meet at Limon. Sept. 22-25 -Western Slope Fair. Montrose Sept. 22-25.-Montezuma Co. Fair at Cortez, Sept. 23-26.- Paso Co. Fair Calhan at Oct. 1-3.-Grand County Fair Kremmling. Oct. 6-9.-Colo.-New Mex. Fair at Durango. 1915.-Last Grand Council of North American Indians at Denver. Three convicts have escaped from road gangs near Boulder. The affairs of the defunct State Bank of Rocky Ford will be dragged through the courts again, according to developments in the receivership. Mrs. Fredericks Aldenhoven was awarded $2,500 for being knocked into a creek by Reuben Clark, by an opinion of the Court of Appeals of Denver. Presence of mind and a mud puddle saved the life of Raymond Trefry, ten years old of Denver, while five playmates rushed to his rescue after a five-gallon can of gasoline had exploded in his face. Souvenir pamphlets in honor of the national convention of the Benevolent Protective Order of Elks, to be held in Denver in July. are being issued for the benefit of thousands of visitors who will attend. The failure of two highwaymen to search a small vest pocket in the clothes of Charles White, a bridge carpenter, after holding him up in the Roxbury rooming house in Denver saved White $863. Within two years work will be started on the construction of the Southwestern Pacific railroad from Denver to San Diego, Cal., in the opinion of Col. D. C. Collier, president of the company. who was in Denver. The Printing Platemakers' Union will give their annual picnic on Sunday, June 21, at Meda Grove, near South Platte, and the outing will be just about the best and biggest of all the big outing events of the season. The Ordway district, comprising Ordway, Sugar City, Olney and the adjoining territory, faces the most brilliant crop outlook in its history. Conservative estimates of the valley of the crop for this section alone are $850,000. Two la Junta boys, G. V. Price and Andrew Lantz. who were graduated from the La Junta High School last year, and who are at present attending William Jewell in Liberty, Mo., won high honors in the latter place this year. For the first time in the twentyseven years of the Denver Normal Institute a woman has been selected as conductor. She is Miss Anna Laura Force, principal of the Columbian school and a member of the state board of examiners. Efforts to "whitewash" those in volved in charges of mishandling of the funds of the Colorado diocese of the Protestant Episcopal church will be blocked. It is intimated the person chiefly involved in the irregularities is a high church dignitary. Denver will be a gala city in July when the Elks rush there for their golden jubilee. Denver Elks are making elaborate preparations to receive the visitors and from July 13 to 19 entertainment will follow business and business will follow entertainment. The mystery of the robbery of the Silver Grill and Bigger's restaurant in Denver has been solved. Four youths, between the ages of eighteen and twenty confessed to the police that they, with two other boys who have fled, were responsible for the crimes. The boys are Louis Malchester, eighteen, horseshoer; Jasse Beamer, nineteen, packer; Irvin Campbell, nineteen, printer, and Thomas Jones, twenty, horseshoer. Ella Young, forty-one years old, for

5. January 1, 1915 Rocky Ford Enterprise Rocky Ford, CO
Article from Rocky Ford Enterprise, January 1, 1915

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A NEW YEAR GIFT Dividend No. 2. Amounting to Over $12,300, Will Be Paid Depositors of the Old State Bank A New Year's gift that will be appreciated by the depositors of the defunct State Bank of Rocky Ford will be the receipt of Dividend No 2, consisting of 6 percent of all approved claims against the lamented institution, which will go out from the receiver's office in this city within the next few days. This dividend will come as a most agreeable surprise to the depositors, many of whom thought they had already received all that would ever return to them of the funds deposited in the illfated institution that failed to open its doors after the new year of seven years ago. Checks aggregating a few dollars over $12,300 will be forwarded the depositors in payment of this dividend, and there is a fair prospect that in the course of human events another dividend may be forthcoming before their claims are outlawed by time. There is yet considerable property in litigation, as well as some that Receiver Hall has been unable to dispose of at anything like its actual value, and until these matters can be adjudicated the depositors will still have something coming. In December, 1909, Dividend No. 1 of 15 percent was paid the depositors. Dividend No. 2 will bring the returns up to 21 percent, so there is yet a chance that the 25 percent promised by the receiver may be reached-if we live long enough to see the finish.

6. June 11, 1915 Rocky Ford Enterprise Rocky Ford, CO
Article from Rocky Ford Enterprise, June 11, 1915

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STATE BANK AFFAIRS Are Believed to be Under Way Toward an Early Settlement By Receiver G. M. Hall, receiver for the State Bank of Rocky Ford, came in from Idaho on Friday last, and has since been engaged in arranging for the finale of all matters connected with the defunct bank. A compromise is being arranged between the Godding interests and Receiver Hall and it has reached a point where it is practically assured that a cash settlement will be made and suits against John E. Godding and wife will be dismissed and quit claim deeds be given the Goddings for the bank building and residence. According to present plans the final details will be prepared this week and the transfer take place early next week. This will leave the receiver with a few lots that can speedily be disposed of, when he will be prepared to declare a final dividend and secure his dismissal from the court.

7. June 26, 1915 La Junta Tribune La Junta, CO
Article from La Junta Tribune, June 26, 1915

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Finale of Rocky Ford Bank Failure. Lloyd R. Pollock. acting for Receiver G. M. Hall of the defunct State Bank of Rocky Ford, is making final arrangements for the settlement of the affairs of the Rocky Ford State Bank. It is probable that the last of the dividens will be paid by Mr. Pollock within the next few weeks and that the court will dismiss the receiver. Negotiations have been pending for some time for the settlement. Mr. Hall came from Hollister, Idaho, recently and with the co-operation of Judge J. E. Rizer, of the district court. and other persons interested the final plans were effected. Suits brought by the receiver against R. M. Pollock, trustee for Emma A. Godding. have been dismissed. and everything is clear for a final settlement. Agents for Mrs. Godding paid to L. R. Pollock into the funds of the State Bank the total sum of $5,750. which amount was agreed upon in the settlement, and Mrs. Godding retains possession of both bank building and residence property. These suits and all other matters have been compromised to the best advantage of the depositors. Judge Rizer has ordered Mr. Pollock to dispose of two lots still owned by the bank. As soon as these are sold. and a few uncalled for claims are disposed of. Mr. Pollock will pay the final divident, which t is thought will amount to three or four per cent. Three dividends have been paid by Receiver Hall since the bank failure. totaling 21 per cent. The final payment will net the depositors of the bank a total dividend close to 25 per cent.

8. October 29, 1915 Rocky Ford Enterprise Rocky Ford, CO
Article from Rocky Ford Enterprise, October 29, 1915

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FINAL DIVIDEND Has Been Declared by Receiver of State Bank - Depositors Receive 25 Percent By an order from the district court this week received by Assistant Receiver Pollock it looks as tho the affairs of the State Bank of Rocky Ford will be wound up exactly eight years after that institution created consternation and dire financial trouble in this city by failing to open its doors. Acting upon the order of Judge Rizer the final dividend-amounting to 4 percent-has been declared and depositors will about the first of November receive notice that they must present their certificates within thirty days and surrender same to the receiver upon payment of this final dividend. At the expiration of the thirty days the receiver will make his final , report and probably be granted his discharge by the court. The books and records of the defunct State Bank will be turned over to the clerk of the district court, and along in January next it is hoped to have everything pertaining to the old bank cleared away. This dividend of 4 per cent will bring the total received by the depositors up to 25 percent, a rather small return but yet better than the majority of the depositors expected.

9. November 5, 1915 Rocky Ford Enterprise Rocky Ford, CO
Article from Rocky Ford Enterprise, November 5, 1915

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CLUB NEWS Among the many Hallowe'e parties on Friday evening that given by the Sans Souci club at the home of Mr. and Mrs. E. L. McKelvey was one of the most elaborate. Black cats and witches looked down upon you, while spooks lurked in every corner. A witches den witch was an feature. The were door with a real guests witch met amusing at with the by a ghost, and the her broomstick was much in evidence in the reception hall. The first part of the entertainment was given over entirely to the witch, who cast her spells and then gave a remedy which all were prompt in securing. A great deal of credit should be given the secretary of the club for the original guessing game in which every member's name was to be found. The supper partners were mated by a unique fortune-telling device, and the attractive two-courae luncheon followed out the Hallowe'en ideas and colors to the minutest detail. The lights were turned off and the ghost told a ghastly tale while a weird green light gave a spooky look. We must not omit mention of the cosy room in which "Heck's Best" was on tap thruout the evening. The members of the Sans Souci club will remember with great pleasure their Hallowe'en party of 1915. and their hosts were warmly congratulated on the success of the affair. The Woman's club was entertained by the president, Mrs. C. S. Culp, Saturday, Oct. 30. The house was appropriately decorated with chrysanthemums, jack o' lanterns and black and yellow streamers, while witches, owls and terrifying black cats dangled from curtains and portieres. Miss Dickson, a talented elocutionist from Manzanola, recited a humorous selection, 'The 4 Telephone Girl," followed by a child dialect recitation, 'Moo! Cow, Moo!' n Mrs. Brigham then sang Lynne's beauh tiful "Roses" and responded to an enn core with "Allah" by Chadwick. Mrs. e Steele gave two piano solos, Mrs. Steele's mastery of the piano is too well known for comment. Miss Dickson then gave a deliciously funny selection, "The Dutiful Pienie," which was so d well received that she was compelled to recite a second dialect piece. Delicious refreshments were then served-such pumpkin pies!-after which everybody y n enjoyed a chattering good time. The Epworth League held a largely attended Hallowe'en party at the home of on evenwere Ing. Miss The Phyllis rooms Reifel beautifully Friday decorated and the entertainment was varied. There was a witch who foretold many surprising events to the great amusement of the guests. Hallowe'en refreshments were served. The Neighbors club of Lafayette had a most enjoyable Hallowe'en party at the home of Mr. and Mrs. E. R. Grogan on Saturday evening. Hallowe'en games y were played and delicious refreshments were served. y n The Entre Nous club met Wednesday afternoon with Miss Maud Reed. Miss Lewis of Pueblo, who is visiting Mrs. Claude Swink, was the out-of-club guest on this occasion. The Rocky Ford Music club will hold an open meeting in the Methodist church on Monday evening, Nov. 8. The public is cordially invited. The N. B. club held two meetings this week. On Tuesday evening Miss Ellen Bradshaw was the hostess and last evening Miss Nina Hubers. The C. W. B. M. of the Christian Church met with Mrs. C. E. Dugan on Wednesday afternoon. The O. D. T. club met with Mrs. Emily Randall on Wednesdy afternoon The F. L. T. club meets with Mrs. J. H. Crowley this afternoon. Notice Of Final Dividend The undersigned Receiver of Court for The State Bank of Rocky Ford, hereby gives notice to all holders of Receiver's Certificates issued by said

10. November 25, 1915 Semi-Weekly Herald Durango, CO
Article from Semi-Weekly Herald, November 25, 1915

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A final divident of the defunct state bank at Rocky Ford, amounting to 4 per cent has been declared. The receiver will be discharged.