First State Bank - Wiggins, CO

Bank Information

Episode Type: Suspension → Closure
Bank Type: state
Start Date: October 15, 1931
Location: Wiggins, Colorado (40.231, -104.073)

Metadata

Model: gpt-5-mini
Short Digest: 36759d15

Response Measures

None

Description

Article (AP, 1931-10-16) reports First State Bank of Wiggins closed its doors after directors voted to turn affairs over to the state banking commissioner for final (presumably settlement/receivership). No mention of a prior depositor run; action appears to be director-initiated turnover to the commissioner (government action) and closure.

Events (2)

1. October 15, 1931 Suspension

Cause: Government Action
Cause Details: Directors voted to turn the bank's affairs over to the state banking commissioner, prompting closure.
Newspaper Excerpt: The First State bank of Wiggins, Colo., closed its doors yesterday after directors voted to turn its affairs over to the state banking commissioner for final
Source: newspapers

2. October 16, 1931 Receivership

Newspaper Excerpt: Fort Morgan. Colo., Oct. 16. The First State bank of Wiggins, Colo., closed its doors yesterday after directors voted to turn its affairs over to the state banking commissioner for final
Source: newspapers

Newspaper Articles (1)

1. October 16, 1931 The Daily Sentinel Grand Junction, CO

Article from The Daily Sentinel, October 16, 1931

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Article Text

WIGGINS BANK CLOSES DOORS THIS MORNING (Associated Press Leased Wire.) Fort Morgan. Colo., Oct. 16. The First State bank of Wiggins. Colo., closed its doors yesterday after directors voted to turn its affairs over to the state banking commissioner for final