Snyder State Bank - Snyder, CO

Bank Information

Episode Type: Suspension → Closure
Bank Type: state
Start Date: January 1, 1921*
Location: Snyder, Colorado (40.329, -103.596)

Metadata

Model: gpt-5-mini
Short Digest: 6e37b466

Response Measures

None

Description

Article (Mar 22, 1923) reports a judgment by the state bank commissioner against stockholders of the defunct Stoneham State Bank, stating the bank went out of business in 1921 and depositors were unable to collect. No run is described; this is a prior failure/closure with subsequent legal action to assess stockholders.

Events (2)

1. January 1, 1921* Suspension

Cause: Bank Specific Adverse Info
Cause Details: Bank went out of business (insolvent) in 1921; depositors unable to collect leading to judgments and assessments against stockholders to clear indebtedness.
Newspaper Excerpt: Both of these banks went of business in 1921 and depositors were out unable to collect. Assessments were made against the stockholders to clear up the indebtedness
Source: newspapers

2. March 22, 1923 Other

Newspaper Excerpt: Grant McFerson, state bank commissioner, was awarded in District Court judgment against stockholders of the several defunct Snyder State Bank and Stoneham State Bank. Both of these banks went out of business in 1921 and depositors were unable to collect.
Source: newspapers

Newspaper Articles (1)

1. March 22, 1923 The Arvada Enterprise Arvada, Morrison, CO

Article from The Arvada Enterprise, March 22, 1923

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Article Text

LATE NEWS From All Over COLORADO Golden.-Golde has just finished ready paving district and 18 now second one publish n notice to create a entire town. district, to which will traverse the Denver.-Smoking on the two By rear a seats of Tramway cars is O. K. smoking vote of five or six to one, to carried in the voting. according of James L. Adams, superintendent Comtransportation for the Tramway pany. Denver. - February reflected improved industrial conditions generally emthroughout Colorado in increased to 11 ployment over January, according made public by the employment at survey bureau of the Department of Labor Washington. Golden, W. B. Kelso, forest ranger Pike Creek division of the in has interested of of Golden and the national council the Clear forest, county board the city in commissioners of Jefferson co-operative plan for the protection and of a forest lands between Golden Idaho Springs Denver.- for thousands of farmers in Colorado and other West- upon who are tilling soil projects ern federal states irrigation and to have failed to raise sufficient crops sup- pay charges due the government for farms plying the water to Irrigate their Secwas announced in Washington by retary of Interior Work. Greeley.-The State Teachers College graduated thirty-nine students This at close of the winter quarter. number the more than double the this making is one up the graduating class at gradperiod u year ago. Classes are uated with the close of each quarter. This enables their to begin teaching at once in the event they have ap pointments. Glenwood Springs.-The - State Board office of Pardons at a meeting in the comof Governor Sweet in Denver, muted the sentence of Samuel Allison Glenwood Springs to five months. fourof Allison is serving a term of from lar. teen to eighteen months for grand five No action was taken on ceny. other cases which were taken before the board. Pueblo.-Two men were seriously in- inand several others slightly the jured jured during it fire at the plant of Ice and Coal engineer of a Adams were Mountain Burrell Smith, Company hurled the from plant, here. and fell to u feet below. The thirty and scaffold Steve cement fire started torch floor the explosion of 11 gasoline from used by one of a party of work- be men being engaged in putting asphalt tween chinks in a wall. Denver.- refinancing program for rehabilitation of its lines, which $11,000,000 by will be undertaken at once pended. complete during will Western be exDenver a Rio Grande Railroad the Company, according to an announcement here following decision in United States District Court given permit such procedure on the part the of to Joseph H. Young. receiver of railroad. The railroad will issue be $10,000,000 and $11,000,000 said. tween worth of receiver's certificates, it was Boulder. Elections are to be held In of the incorporated cities and all in Boulder county during April towns and the sides are lining up a lively the for control. In Longmont to be over the enthe municipal or larging fight fight 18 lighting question plant of purchasing the additional electricty that is needed from the Western Light and Power Company. In Boulder an unexpected fight has developed on the initiation of citizens opposed to the manager form of government on city the grounds that It IN "too autocratic." Windsor. Windsor High school basketball team, champions of Colo rado, beat Weston, Idaho, High school, champions of Idaho, by a score of 21 to 20 at Salt Lake city. Weston the title holder of the Rocky Mountain was region last year and their team was composed of the Identical men who won those honors last season. Denver. Grant McFerson, state bank commissioner. was awarded in District Court against stockholders of the several judgment the Stoneham defunct Snyder State Bank and State Bank. Both of these banks went of business in 1921 and depositors were out unable to collect. Assessments were made against the stockholders to clear up the indebtedness Denver Stocks of grain on Colora do farms the first day of March were 3,200,000 bushets less than a year ago, to the report just issued by Co-operative according the Colorado Crop of Re the porting Service. The reserves four principal cereals grown in the state totaled 11,983,000 hushels comand 28,668,000 hushels in March. 1921. pared with 15,194,000 bushels last year