23165. First State Bank (Baggs, WY)

Bank Information

Episode Type
Suspension → Closure
Bank Type
state
Start Date
February 12, 1925
Location
Baggs, Wyoming (41.036, -107.658)

Metadata

Model
gpt-5-mini
Short Digest
146595e6

Response Measures

None

Description

Articles (Feb–Jun 1925) report the First State Bank of Baggs was closed by the state bank examiner, a receiver (C. H. Fitzpatrick) was appointed, and bankruptcy proceedings involve the former cashier L. B. (Louis) Maupin who is alleged to have misappropriated funds. No run or depositor panic is mentioned; closure was by examiner and receiver appointed.

Events (3)
1. February 12, 1925 Suspension
Cause
Government Action
Cause Details
Closed by the state bank examiner following suspected misappropriation by the cashier; examiner working on accounts and hearing set Feb. 12 for appointment of receiver.
Newspaper Excerpt
The First State Bank of Baggs was closed a few weeks ago by the state bank examiner
Source
newspapers
2. February 13, 1925 Receivership
Newspaper Excerpt
C. H. Fitzpatrick Appointed Receiver of the Baggs Bank ... was appointed by Judge Tidball last Friday as receiver of the First State Bank of Baggs.
Source
newspapers
3. June 4, 1925 Other
Newspaper Excerpt
Meeting Creditors of L. B. Maupin, Bankrupt ... C. H. Fitzpatrick, receiver for the First State Bank of Baggs ... L.B. Maupin, formerly cashier of the bank, Mrs. Maupin and creditors attended the meeting.
Source
newspapers

Newspaper Articles (5)
1. February 19, 1925 Rawlins Republican Rawlins, WY
Article from Rawlins Republican, February 19, 1925

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Article Text

the bank's accounts for the past three weeks. The First State Bank of Baggs was closed a few weeks ago by the state bank examiner and since that time he has been working on the accounts. The receiver of the bank, State Examiner W. R. Powers and Prosecuting Attorney McMicken thoroughly went over the books yesterday afternoon and further information on the matter will be available in a very short time. Mr. Maupin has always been considered a live wire in Baggs and he seemed to have the town and community at heart. Whenever any new movement or proposition came up in which the town of Baggs would be benefitted, he could usually be counted on as one of the best boosters. As the usual story goes, it is believed that Maupin misappropriated a small amount of the funds and in trying to make a come-back he got in so deep that he could not get out.

2. February 19, 1925 Rawlins Republican Rawlins, WY
Article from Rawlins Republican, February 19, 1925

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Article Text

C. H. Fitzpatrick Appointed Receiver of the Baggs Bank C. H. Fitzpatrick of Rawlins, who is the owner and manager of the Carbon County Title Company, was appointed by Judge Tidball last Friday as receiver of the First State Bank of Baggs. Although February 12th was the date set down for the hearing at which time any person interested could appear and introduce testimony concerning the appointment of such receiver, the time was advanced until Friday because of the 12th being a legal holiday. Several persons from the river appeared in the interest of persons, who they hoped would be appointed to the position. Mr. Fitzpatrick is indeed qualified for the position and it goes without saying that he will fulfill the requirements of the work in all ways. He has lived in Wyoming about 18 years and during the 18 months of residence in this city he has established himself as a capable and conscientious man.

3. February 26, 1925 Rawlins Republican Rawlins, WY
Article from Rawlins Republican, February 26, 1925

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Article Text

A. S. Allen of Hanna spent a day in Rawlins the latter part of last week and upon his return home drove a new Standard six Studebaker, delivered by the Rawlins Garage Co. Miss Edna Campbell, Mr. and Mrs. Pat Willis, Harold Duce and Glen Fletcher formed a motor party which went to Laramie last week end and attended the Sigma Nu formal, held in Laramie. Earl Falwell returned to Rawlins on Tuesday from Portland, Oregon, where he has been working for some time. On Saturday last a marriage license was issued to Miss Lola Virginia Waite and Mr. Glenn Hughes, both residents of Rawlins. Miss Anna Schwirtz and Miss Rosa Riser, who are teaching school in Cheyenne, motored to this city and spent- until Monday noon visiting friends in Rawlins. The two young ladies accompanied by Miss Elise Schwirtz left in their car on Monday for Cheyenne where Miss Elise Schwirtz will visit for a couple of days and then will go to Minneapolis, Minn. Mr. and Mrs. H. Rasmusson left Rawlins Tuesday morning for Laramie where they attended the funeral of William H. Holliday, which was held in that city on Tuesday afternoon. Mr. and Mrs. E. M. Tierney expect to leave Rawlins on March 1st on a trip which will include the cities of New York, Philadelphia, Baltimore and Chicago. They expect to spend Easter in Chicago and William Loomis and James Mahoney who are attending the University of Notre Dame will join them in that city for the day. W. R. Powers, state bank examiner and C. H. Fitzpatrick, receiver of the First State Bank of Baggs, left Rawlins yesterday morning for Baggs where they will go over the accounts of the bank. They will probably be in Baggs for a week or so.

4. March 12, 1925 Rawlins Republican Rawlins, WY
Article from Rawlins Republican, March 12, 1925

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Article Text

C. H. Fitzpatrick, receiver for the First State Bank of Baggs, who has been in Baggs for the past couple of weeks going over the bank's accounts, returned to Rawlins on Wednesday of last week. He expects to leave again for Baggs next Sunday.

5. June 4, 1925 Rawlins Republican Rawlins, WY
Article from Rawlins Republican, June 4, 1925

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Article Text

Meeting Creditors of L. B. Maupin, Bankrupt, Tuesday Clarence A. Swainson, referee in bankruptcy, whose headquarters are in Cheyenne, arrived in Rawlins on Monday evening and on Tuesday morning at the Court House he presided over a meeting of the creditors of Louis B. Maupin, bankrupt. C. H. Fitzpatrick, receiver for the First State Bank of Baggs, Attorney LE.Armstrong,L.B. Maupin,formerly cashier or the bank, Mrs. Maupin and creditors attended the meeting. An order was entered authorizing Fitzpatrick, trustee, to continue the business of the bankruptcy of the Baggs Machinery and Supply company at Baggs until the latter part of August, preparatory to the disposing of the assets of the bankrupt estate. Other matters relative to the claims and exemptions were considered and discussed and the bankrupt was examined under oath with reference to his property and liabilities. Mr. Swainson left this city on Tuesday evening for his headquarters in Cheyenne.