Farmers Bank - Timnath, CO

Bank Information

Episode Type: Suspension → Closure
Bank Type: state
Start Date: December 24, 1920
Location: Timnath, Colorado (40.529, -104.985)

Metadata

Model: gpt-5-mini
Short Digest: fdc5c55a

Response Measures

None

Description

Article (Dec 24, 1920) reports the state bank commissioner sent examiners to Timnath to take charge of the Farmers' Bank of Timnath... which have closed their doors. No run or depositor panic is described; the action is by the state banking authority, implying suspension and effective closure/receivership.

Events (2)

1. December 24, 1920 Receivership

Newspaper Excerpt: Grant McFerson, state bank commissioner, sent examiners to Timnath and Kirk to take charge of the Farmers' Bank of Timnath and the State Bank at Kirk, which have closed their doors.
Source: newspapers

2. December 24, 1920 Suspension

Cause: Government Action
Cause Details: State bank commissioner sent examiners to take charge after the bank closed its doors.
Newspaper Excerpt: Grant McFerson, state bank commissioner, sent examiners to Timnath ... to take charge of the Farmers' Bank of Timnath ... which have closed their doors.
Source: newspapers

Newspaper Articles (1)

1. December 24, 1920 The State Herald Holyoke, CO

Article from The State Herald, December 24, 1920

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Article Text

CENTENNIAL STATE ITEMS. The Colorado State Editorial Assoclation will on Jan. 22, 1921, Join hands with the Denver Press Club in staging at the Denver Auditorium, during Stock Show week, a "Cowboy Stampede." Extensive preparation is being made for one of the biggest times ever pulled off in the West. Excellent vaudeville acts for an hour and a half will entertain the crowd, after which the great Auditorium floor will be given over to dancing. The Editorial Assoclation holds Its annual gathering in Denver, Jan. 21 and 22, and this splendid feature is booked to close the session. Held as It will be during the week of Denver's big Stock Show. the attendance will be large. It is expected that every publisher in Colorado will attend. Another chapter in the affairs of Mrs. Zoe Marksheffel added to the maze of legal documents in the District Court at Colorado Springs, when she filed suit for separate maintenance. asking $1,200 D month from A. W. Marksheffei. prominent local motor car dealer A year ago she filed suit, asking a receivership for her husband's business, claiming she had invested much money in It. and asked that she be appointed receiver. This case still is pending Grant McFerson, state bank comunissioner. sent examiners to Timnath and Kirk to take charge of the Farmers' Bank of Timnath and the State Bank at Kirk. which have closed their doors The bank commissioner's records show that the Farmers' Bank of Timnath had a capitalization of $30,000. surplus of $30,000, undivided profits of $10.000. and deposits of $205,000. The Kirk State Bank had a capital of $10000.