Stoneham State Bank - Stoneham, CO

Bank Information

Episode Type: Suspension → Closure
Bank Type: state
Start Date: January 1, 1921*
Location: Stoneham, Colorado (40.606, -103.667)

Metadata

Model: gpt-5-mini
Short Digest: b318f890

Response Measures

None

Description

Article (1923-03-22) reports Snyder State Bank went out of business in 1921; depositors were unable to collect and assessments were made against stockholders. No run is mentioned; bank appears permanently closed/defunct with court judgments against stockholders.

Events (2)

1. January 1, 1921* Suspension

Cause: Bank Specific Adverse Info
Cause Details: Bank went out of business (insolvency) in 1921; depositors could not collect and assessments were levied on stockholders.
Newspaper Excerpt: Both of these banks went out of business in 1921 and depositors were unable to collect. Assessments were made against the stockholders to clear up the indebtedness.
Source: newspapers

2. March 22, 1923 Receivership

Newspaper Excerpt: Grant McFerson, state bank commissioner, was awarded judgment in District Court against several stockholders of the Snyder State Bank and the Stoneham 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 Raymer Enterprise Raymer, New Raymer, CO

Article from The Raymer Enterprise, March 22, 1923

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Article Text

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