North Denver Bank (Denver, CO)

Episode Information

Episode UID
23006971512
Episode Type
Run → Suspension → Unsure
Bank Type
state
Bank ID
2300697 routing
Routing Number
23-0069
Start Date
December 17, 1925
Location
Denver, Colorado (39.739, -104.985)

Metadata

Model
gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
09aa41e1a88c856b

Response Measures

None

Description

Run occurred after two national banks closed; later status of permanent reopening for North Denver is not confirmed in these articles.

Events (2)
1. December 17, 1925 Run
Cause
Local Banks
Cause Details
Depositors panicked after the Drovers National and Broadway National banks closed, producing heavy withdrawals at North Denver.
Measures
Officers requested/state examiners called in; bank later placed in examiners' hands.
Newspaper Excerpt
A heavy run started this afternoon on the North Denver bank, another of the Hollis banks.
Source
newspapers
2. December 17, 1925 Suspension
Cause
Local Banks
Cause Details
Closed and placed in hands of state examiners following the heavy run triggered by closures of other Denver banks.
Newspaper Excerpt
The North Denver State bank was closed last night at the request of the officers of the institution after a heavy run during the afternoon.
Source
newspapers

Newspaper Articles (20)
1. December 17, 1925 Visalia Daily Times Visalia, CA
Article from Visalia Daily Times, December 17, 1925

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State Items By Telegraph (United Press Leased Wire) SAN FRANCISCO, Dec. 17.-Car' Anton Feien, Tulare county rancher, today held a judgment of $4,371 damages against Mrs. Georgia Swain, whom he sued for $25,000 as a result of injuries when run down by the woman's automobile here June 1924. Mrs. Swain later was involved is another accident, and is serving year sentence in the county jail for intoxicated driving. SAN FRANCISCO, Dec. 17.-Sixty-seven men stood charged today with violation of the city gambling ordinances as a result of a police raid led by Captain Charles Goff, late prohibition chief, against four alleged horse race bookmakers. SAN DIEGO, Dec. 17 Harold A. Nester, the jilted suitor of Miss Mildred Dern, of Salt Lake City, was en route to his home in the east, and his bride-to-have-been and her mother, Mrs. Fred C. Dern, today refused to make any further comment on the sudden cancellation of plans for the nuptials, which were to have taken place in this city yesterday. An "agreement to disagree" was the explanation given by Mrs. Dern yesterday in her only statement regarding the unhappy climax of her daughter's romance. Miss Dern is reported to have broken her engagement to Nester, scion of a wealthy family of Geneva, N. Y., once before. Miss Deern is the daughter of Fred C. Dern, wealthy banker and stock broker of Salt Lake City, and niece of George H. Dern, Governor of Utah. LOS ANGELES, Dec. 17.-Two mysterious jewel robberies perpetrated on wealthy society women were reported to Los Angeles and Long Beach police today. Jewelry valued at $10,000 was stolen from Mrs. George L. Washburn of Long Beach. Mrs. Francis G. Packard. wealthy New York society woman, reported $2,200 in gems had been taken from her while on deposit in the safety vault of a local hotel where she was a guest. Both women said they had brought the jewels to California with them in their trunks. They were locked up for safe keeping and last night when they decided to wear the gems discovered they were Police attribute both robberies to the same gang of society thieves. The "pobs" were carried out in similar manner, it was said. LOS ANGELES, Dec. 17-With a recommendation for life imprisonment, a jury returned a verdict of guilty here early today in the case of Harry Alpine, accused slayer of Barney Blum. Blum was shot down in a bootleg war on September Alpine was formally charged with the murder when Bium died several days, after the altercation. LOS ANGELES, Dec 17.-R. H. Conley, insurance salesman, was found in a dying condition on an uptown street corner here today, apparently the victim of a wouldbe slayer. His head had been crushed from a terrific blow with a bludgeon, police surgeons said, and he was expected to live. Jewelry and money on Conley's person indicated robbery was not the motive of the strange attack Police are making a thorough in vestigation, in the belief he was murdered. SAN FRANCISCO, Dec. The steamer West O'Rowa is adrift in the North Pacific, 1400 miles from Tokio, according to messages relayed today from Cordova, Alaska, to the Chamber of Commerce marine department here today. Thirty-five members of the crew were reported in grave peril. The steamers Oakridg and West Holbrook are going to the ship's assistance. BERKELEY, Dec. 17.-The almost-forgotten hospital training of Miss Adelaide O'Brien 70, today saved the life of her brother-in Joseph R. Daly, 70, after he had cut his throat with two razors in a suicide attempt. Miss O'Brien stopped the flow of blood when Daly staggered out of the bathroom and attended him on che way to the hospital. Surgeons there said her prompt attention saved his life. MODESTO, Dec. 17.-Sentence will be pronounced Monday in superior court here on Levi Jones, retired rancher, found guilty by jury of involuntary manslaughter in the death of A. M. Herndon. Herndon died as a result of injuries when automobiles driven by him and by Jones collided April 12. DENVER. Colo., Dec. 17.-Two Denver banks, the Drovers National bank and the Broadway National bank, closed their doors at noon today and are in the hands of federal examiners. The examiners who ordered the banks closed have made no statement or explanation. A crowd of several hundred stood in the street in front of the Broadway bank at 1 o'clock, waiting for some information concerning the condition of the institution. A heavy run started this afternoon on the North Denver bank, another of the Hollis banks. Between three and four hundred persons were crowding about the teller's cage and in the street shortly before closing time. Payments had not been stopped at 2:30. Get a-going and keep a-going and let the "Times' Want Ads help you every day.

2. December 17, 1925 The Hanford Sentinel Hanford, CA
Article from The Hanford Sentinel, December 17, 1925

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EXAMINERS CLOSE TWO BANKS Denver, Dec. 17. (United Press.) Two Denver banks. the Drovers National Bank and the Broadway National Bank, closed their doors at noon today and are in the hands of federal The examiners who ordered the banks closed have made no statement or crowd of several hundred stood in the street in front of the Broadway bank at o'clock waiting for some information concerning the the institution The Broadway National had deposits of over $3,000,000 according to the published statement. The Drovers had deposits approximately Excitement was high the stock yards, where the Drovers located. Many passed by the bank but paused only to read the sign on the door which said the bank had been closed by the board of directors and was in the hands of federal examiners. heavy run started this afternoon on the North Denver Bank, another of the Hollis banks. Between three and four hundred persons were crowding about the teller's cage and in the street shortly before closing time. Payments had not been stopped

3. December 17, 1925 Progress-Bulletin Pomona, CA
Article from Progress-Bulletin, December 17, 1925

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TWO DENVER BANKS CLOSE Federal Examiners Take Charge of Drovers and Broadway National NO REASON GIVEN Deposits Total 4 Million; Action Starts Big Run On Allied Institution By United Press Leased Wire. DENVER, Colo., Dec. Denver banks, the Drovers Nationbank and the Broadway National bank, closed their doors at noon today and are in the hands of federal examiners. The examiners who ordered the banks closed have made no statement or explanation. of several hundred stood in the street in front of the Broadway bank at o'clock waiting for some information concerning the condition of the institution. The Broadway National had deposits of over $3,000,000. according to the last published statement. The Drovers National bank had deposits of approximately $1,000,000. Excitement was high at the stock yards, where the Drovers is located. Many passed by the bank but paused only to read the sign on the door which said the bank had been closed by the of was in the hands of federal examiners. heavy run started this afternoon on the North Denver bank another the Hollis banks. Between three and four hundred persons were crowding about the telIer's cage and in the street shortly before closing time. Payments had not been stopped at m.

4. December 18, 1925 The Washington Daily News Washington, DC
Article from The Washington Daily News, December 18, 1925

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Four Denver Banks Close in Two Days; Crowds Panicky Depositors Start Run on Fifth Bank, But it Continues to Pay Off; No Fraud Found By United Press DENVER-Another bank - the fourth in two days-closed here today when the Metropolitan Bank failed to open its doors. Yesterday the Drovers National, Broadway National and the North Denver State Banks were placed in the hands of federal and state examiners. Deposits Dwindle James E. Adams, president of the Metropolitan Bank, said his institution had been turned over to the examiners at his request. The Metropolitan several weeks ago had deposits of $400,000, and since then they have dwindled to about $100,000 Adams said. "In view of the bad banking situation here, and to protect the interests of our depositors, we thought It advisable to turn the bank over to state officials," he said. Crowds Panicky When the three banks closed yesterday, word spread rapidly thru the shopping district and throngs waited for hours in front of the banks, but no word came from examiners. Scores of panicky depositors started a run on the Central Savings & Trust Co., but this bank continued to pay off until closing time, when it was announced the institution was sound. No evidence of fraud has been found. A sudden shrinkage in cattle values is blamed.

5. December 18, 1925 Evening Star Washington, DC
Article from Evening Star, December 18, 1925

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TWO MORE BANKS CLOSED IN DENVER Five Forced to Suspend in Two Days Due to "Frozen Assets." By the Associated Press. DENVER, Colo., December 18.Two additional Denver banks-the Capitol Hill State Bank and the Metropolitan State Bank-failed to open today. Grant McFerson, State bank commissioner, announced that examiners had taken charge of the Metropolitan and Capitol Hill Banks. Both are small institutions. Steady withdrawals from the Metropolitan during the week and a run on the Capitol Hill yesterday was instrumental in the closing, officials said. Three others-the Drovers' National Bank, the Broadway National Bank and the North Denver Bank, the latter a State institution-closed their doors yesterday. The deposits of the three banks aggregated approximately $4,400,000-the Broadway with $3,088,683, the Drovers' National, $1,100,100 and the North Denver Bank, $258,000 Blame Frozen Assets. Frozen assets in live stock loans and an impairment of capital were the reasons indicated by national bank examiners for the closing of the two national banks, while State bank examiners, who took charge of the North Denver Bank, would not make public any reason for its closing. Gordon F. Hollis is president of the two closed national banks while Mrs. Marguerite Hollis, his wife, was named president of the North Denver Bank last year, succeeding her husband, who previously had been the institution's head. Declines Any Statement. L. K. Roberts, chief national bank examiner for the tenth Federal reserve district, took the two national banks under charge and Grant R. McFerson, State bank commissioner, was in charge of the North Denver institution last night. Hopes of an early reopening of the two national banks were asserted by Mr. Hollis in a statement last night. He said that the depression in the live stock industry caused the main depreciation of the national banks' assets. Mr. Roberts declared that he was "not in a position to say what things had happened at the banks."

6. December 18, 1925 The Indianapolis Times Indianapolis, IN
Article from The Indianapolis Times, December 18, 1925

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FROZEN CREDITS CLOSE 5 BANKS Denver Nervous After Series of Failures. Bu United Press DENVER. Colo., Dec. 18.--With five local banks closed and in the hands of bank examiners, all Denver nervously awaited the next move in financial circles today. The Capitol Hill State Bank was put in the hands of receivers this morning after the Metropolitan State Bank failed to open its doors. Yesterday the Drovers National, the Broadwey National and the North Denver State Bank were placed in the hands of Federal and State examiners. Frozen credits and the depression in the livestock industry were jointly blamed for the failure of the institutions whose deposits total several million dollars.

7. December 18, 1925 The Bismarck Tribune Bismarck, Mandan, ND
Article from The Bismarck Tribune, December 18, 1925

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McFerson announced that his department's examiners had taken charge of the Metropolitan and Capitol Hill banks. Both are small institutions. Steady withdrawals from the Metropolitan during the week, and a run on the Capitol Hill yesterday. were factors in the>closing, officials said. The banks closed yesterday were the Broadway National, the Drover's National, and the North Denver bank, the latter a state institution. These three banks had deposits of approximately $3,500,000. The Broadway National was the largest, with deposits totaling about $2,500,000. - Impairment of capital and frozen paper in livestock loans were ascribed as the reasons for the closing of the two national banks.

8. December 18, 1925 Petaluma Argus-Courier Petaluma, CA
Article from Petaluma Argus-Courier, December 18, 1925

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FOUR DENVER BANKS CLOSE THEIR DOORS Frozen Paper On Cattle Given As Cause; Bank Examiners Have Been Investigating For Several Days. Recent Depositors Protected. (By United Press) DENVER, Colo., Dec. 18.With Christmas shopping at its height three Denver banks were today in the hands of bank examiners. The Drovers' National bank and the Broadway National bank were closed at noon yesterday when it was found they could not meet their liabilities. The North Denver State bank was closed last night at the request of the officers of the institution after a heavy run during the afternoon. Although no statement has been issued by Gordon Hollis, president of both the closed banks, he replied affirmatively to questions that frozen paper on cattle loans was the cause of the two banks closing. It was announced today that all business done during the forenoon yesterday was kept separate and that deposits made will be returned in full. It was learned that L. K. Roberts, chief national bank examiner of this district, had been here for a week making an inspection of all Denver banks. J. V. Cockins, elected president of the Central Savings Bank & Trust Co. with the resignation of Hollis yesterday morning, issued a statement that this bank was not affected by the resignation of its president and that it had 40 per cent of its assets available to pay depositors. DENVER, Colo., Dec. 18.The fourth bank to close here within two days closed this morning when the Metropolitan State bank failed to open its doors. Yesterday the Drovers' National, the Broadway National and the North Denver state bank closed.

9. December 18, 1925 Salt Lake Telegram Salt Lake City, UT
Article from Salt Lake Telegram, December 18, 1925

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TWO DENVER CLOSED Frozen Paper Given as Cause DENVER, Colo., Dec. 18 (United Press.-With Christmas shopping at its height three Denver banks were today in the hands or that deposits made you be returned examiners. The Drovers National bank and the Broadway National bank were closed at noon yeaterday, when It was found they could not meet their liabilities. The North Denver State bank was closed last night at the request of the officers of the institution after a heavy run during the afternoon. Although no statement has been Issued by Gordon Hollis, president of both the closed national banks, he replied affirmatively to questions that frozen paper on cattle loans was a cause of the two banks closing. It was announced today that all business done during the forenoon yesterday was kept separate and in full. It was learned that L. K. Roberts, chief national bank examiner of this district, had been here for a week making an Inspection of all Denver banks. J. V. Cockins, elected president of the Central Savings Bank and Trust company, with the resignation of Hollis yesterday morning. issued a statement that this bank was not affected by the resignation of its president and that R had 40 per cent of Its assets available to pay depositors.

10. December 18, 1925 Des Moines Tribune Des Moines, IA
Article from Des Moines Tribune, December 18, 1925

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THREE DENVER BANKS CLOSED BY EXAMINERS Denver Dec. 18 (U Christmas shopping at its height three Denver banks were today in the hands of bank examiners The Drovers National bank and the Broadway National bank were closed at noon yesterday when it was found they could not meet their The North Denver State bank was closed last night at the request of the officers of the institution after a heavy run during the afternoon.

11. December 18, 1925 The Oklahoma News Oklahoma City, OK
Article from The Oklahoma News, December 18, 1925

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FIVE DENVER BANKS CLOSE Three Yesterday and Two Today Fail to Open Doors five local banks closed and the of bank Denver nervously the in financial circles today The Capitol State bank put the hands of this morning the State failed the Drovers the Brondway and North banks in of federal and the blamed the that for flocked

12. December 18, 1925 News-Pilot San Pedro, CA
Article from News-Pilot, December 18, 1925

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Frozen Loans Force Closing of Three Banks in Denver (By United Press) DENVER. Colo., Dec. Christmas shopping at its height, three Denver banks were today hands of bank examiners. The Drovers National Bank and the Broadway National Bank closed noon yesterday when found they could not meet their liabilities. The North DenState Bank closed last night the request of the offiof the institution after heavy during the afternoon. Although statement has been issued by Gordon Hollis, president of the closed banks, replied questions that frozen paper cattle loans cause his two banks closing.

13. December 18, 1925 The Whittier News Whittier, CA
Article from The Whittier News, December 18, 1925

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FIVE DENVER BANKS ARE FORCED TO CLOSE Serious Situation Is Developing as Runs Are Started DENVER, Colo., Dec. 18. (United Press)-Four banks have closed their doors in Denver within two days. The Metropolitan State Bank today failed to open its doors. ter the Drovers' National, Broadway National and the North Denver State bank were placed in the hands of Federal and State examiners. James R. Adams, president of the Metropolitan bank, said today that the bank had been turned over to State Examiners at his request. The Metropolitan several weeks ago, according to Adams, had deposits of $400,000 and since that time they have been reduced to about In view of the bad banking situation here and to protect the interests our depositors,' he said. "We deemed advisable to turn the bank over to State officials. A heavy run developed this morning when the Central Savings Bank and Trust Company opened its doors. It was estimated that 500 persons were waiting in the street in front of the bank. Police were in charge of the crowd and only a few were let into the bank at time. Rumors were afloat all over town and serious situation was developing with withdrawals increasing at many banks. The Capitol Hill State bank was put in the hands of state examiners shortly after opening this morning when crowd was found waiting to withdraw their accounts. This makes five banks with closed doors. The Capitol Hill State bank is a small suburban bank. By United Press Leased Wire. DENVER, Colo., Dec. 18.-With (Continued on Page Two)

14. December 18, 1925 The Whittier News Whittier, CA
Article from The Whittier News, December 18, 1925

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FIVE DENVER BANKS CLOSE (Continued From Page One) Christmas shopping at its height. three Denver banks were today in the hands of bank examiners. The Drovers National bank and the Broadway National bank were closed at noon yesterday when it was found they could not meet their liabilities. The North Denver State bank was closed last night at the request of the officers of the institution after heavy run during the afternoon. Although no statement has been issued by Gordon Hollis, president of two of the closed banks, he replied affirmatively to questions that frozen paper on cattle loans was a cause of his two banks closing.

15. December 18, 1925 Sapulpa Herald Sapulpa, OK
Article from Sapulpa Herald, December 18, 1925

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BANKS ARE CLOSED BY EXAMINERS Five Denver Banking House Are Ordered Closed As Christmas Rush Presses. Colo., Dec. Christmas shopping its height. three banks were today in the hands of bank examienrs. The Drovers National bank and the Broadway National aBnk closed noon yesterday when was found they could meet their liabilities. The North Denver State Bank was closed last night the request the officers of the institution after heavy during the run Although no statement has been issued by Gordon he Hollis, president of tow of the closed banks, he plied affirmatively to questions that frozen paper on cattle loans on the closing announced today that all during the forenonnyesterday was kept separate and that deposits made will be returned full. Colo., Dec banks have closed in Denver within two days. The Metropolitan State bank day failed open its doors Yesterday the Broadway National and the North State Banks were all placed the in hands federal and state examiners. James Adams, president of the Motropolitan said today that the bank had been turned over to examiners at his request. The Metrooplitan several weeks ago, according Adams, had posits and since that time they have been reduced to about 'In view the bad banking sit uation here and protect the interests of our depositors,' he said, deemed to turn the bank to the state officials."

16. December 18, 1925 The Chickasha Daily Express Chickasha, OK
Article from The Chickasha Daily Express, December 18, 1925

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FROZEN LIVESTOCK OFFICERS STATE CLOSE ONLY FOR SHORT TIME Examiners Chance Examine Books: of Crowd Run Denver, five local banks closed hands bank Hill State Bank hands this after Metropolitan State Bank open the the and the were placed in the hanns of federal Frozen credits and the depression the Industry were jointly blamed the closing instiutions whose deposits total several millions dollars. While he benef was expressed by that the would coon their affairs straightened about the doors the banks no tices and speculated financial Police were charge crowd estima than hundred the Savings Bank Only depositors were admitted their funds. With Christmas shopp ng its found unable much buying and failures in were Officers banks however doors closed examinbooks banks some wealthiest izens the mass of day laborers the north Each on apparentll held the same hope- that closing only temperary merely for the of readjusting the finances of the institutions. Denver Dec Christshopping height three Denver banks Drovers National Bank and Broadway could bilities. The North Deaver State Bank was closed nigh request officers heavy run no Gordon president two closed bunks plied that frozen on the cause of was announced all business done during the forenoon yesterday was kept separate and that deros ts made will be returned in full.

17. December 18, 1925 The Kentucky Post Covington, KY
Article from The Kentucky Post, December 18, 1925

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FIVE BANKS IN DENVER CLOSE Frozen Paper on Cattle Loans Is Blamed By United Press. DENVER, COL., Dec. 18.-With five local banks closed and in the hands of bank examiners, all Denver nervously next move financial circles today The Capital Hill State Bank was put in the hands of receivers today the Metropolitan State Bank failed to open its doors. Yesterday the Drovers National the Broadway National and North Denver State Banks were taken over by federal and state ex James E. Adams, president of Metropolitan, the bank had been turned over to state examiners his request. The Metropolitan several weeks ago had deposits $400,000, Adams Since that time they have dwindled to "In view of the bad banking situ ation here and to protect our depositors," he said, "we deemed it ad state visable turn the bank over to Drovens National Bank and the Broadway National Bank closed at noon They could not meet last North night Denver State Bank closed heavy Cockins, elected president run, of Central Savings Bank Trust Co., with resignation of Gordon HoMis, president issued of the two national banks, that his bank was not affected by Hollis' resignation.

18. December 18, 1925 York News-Times York, NE
Article from York News-Times, December 18, 1925

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Three Denver Banks in Examiners' Hands DENVER Colo., Dec. 18.-(UP) With Christmas shopping at its height, three Denver banks were today in the hands of bank examiners The Drovers National bank and the Broadway National bank were closed at noon yesterday when it was found they could not meet their liabilities. The North Denver State bank was closed last night at the request of the officers of the institution after a heavy run during the af- Although no statement had been issued by Gordon Hollis, president of the two closed national banks, he replied to, questions that frozen loans on cattle were a cause of their closing.

19. December 18, 1925 Daily American Republic Poplar Bluff, MO
Article from Daily American Republic, December 18, 1925

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FIVE DENVER BANKS CLOSED Ey United Press DENVER. Colo., Dec. five local banks closed and in the hands of bank examiners. all Denver nervously awaited the next move in firencial circles today. The Capitol Hill State Bank was put into the kinds of receivers this afternoon after the Metropolitan State Bank failed to open its doors. Yesterday. the Drovers' National. The Broadway National and the North Denver State Banks were placed in the hands of federal and state examiners. Frozen credits and the depression in the live stock industry were jointly blamed for the closing of the Institutions whose deposits total seven millions of dollars. While the belief was expressed by officials that the banks would open for business as soon as their affairs were straightened out, the depositors about notices of closing and speculated on their chances. Police were in charge of a crowd estimated at more than 500 persons who started on the Central Savings Bank today. Only few depesitors were admitted at'a time. With Christmas shopping at its peak, depositors found themselves unable to do much buying and recalling two previous bank failures in the past two years. By United Press DENVER. Colo., Dec. 18.-With Christmas shopping at its height, *hree Denver banks today were in the hands of bank examiners. The National Bank and the Broadway National Bank were closed at noon yesterday when it was found they could not meet their liabilities. The North Denver State Bank was closed last night at the request of the officers of the institution after a heavy run during the afternoon. Although no statement has been issued by Gordon Hollis, president of the two closed National banks, he replied affirmatively to questions that frozen paper cattle loans were the cause of their closing. It was announced today that all business done during the forenoon yesterday was kept separate and that deposits made will be returned in full

20. December 19, 1925 The McCook Daily Gazette McCook, NE
Article from The McCook Daily Gazette, December 19, 1925

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BANK PANIC DENVER SUBSIDES Populace Quiets Down While Bankers Say Will Within Few Days Denver, Dec. officials of five banks that closed in Denver Thursday and Friday were making efforts to reopen their closed institutions, excitement that prevailed here yesterday had moderated today. Gordon Hollis, president of ers National bank, and the Broadway National bank, the first two to close their doors, said work was der way to reopen the Broadway bank. Officials of the Metropolitan and Capitol Hill State banks placed their affairs in the hands of examiners yesterday and said they believed both would reopen in short time. No statement was forthcoming from the North Denver State bank, but was said to have been solvwhen Roberts, chief national bank examiner, remained in charge of the two banks, and will make statement within few days as to their condition.