Bank of Colfax - Colfax, IA

Bank Information

Episode Type: Suspension → Reopening
Bank Type: state
Start Date: December 8, 1910
Location: Colfax, Iowa (41.678, -93.245)

Metadata

Model: gpt-5-mini
Short Digest: 67b5e28a

Response Measures

None

Description

Article (Dec 8, 1910) reports banks owned by George D. Woods, who committed suicide at Colfax, have closed their doors temporarily. The closure appears to be a suspension tied to bank-specific adverse information (owner's suicide, mechanics' lien, missing county deposits). No explicit run, receivership, or permanent closure is reported; described as temporary so I classify as suspension with likely reopening. If more articles show receivership or permanent closure, classification should be updated.

Events (1)

1. December 8, 1910 Suspension

Cause: Bank Specific Adverse Info
Cause Details: Owner George D. Woods committed suicide; mechanics' lien on fixtures and demands for return of county deposits ($30,000) and missing $20,000 from ex-county treasurer indicate possible insolvency/misconduct tied to the bank's suspension.
Newspaper Excerpt: Banks at Ira, Baxter and Mingo, owned by George D. Woods, who committed suicide at Colfax, have closed their doors temporarily.
Source: newspapers

Newspaper Articles (1)

1. December 15, 1910 Pierre Weekly Free Press Pierre, SD

Article from Pierre Weekly Free Press, December 15, 1910

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Article Text

WOODS' BANKS CL Temporary Suspension Until the Situ. ation Is Discovered. Des Moines, Dec. 8.-Banks at Ira, Baxter and Mingo, owned by George D. Woods, who committed suicide at Colfax, have closed their doors temporarily. A mechanics' lien on bank fixtures for $1,500, filed by a Des Moines firm, may precipitate a crisis. Polk county has formally demanded the return of $30,000 deposited in the Bank of Colfax. The demand has not been acceded to. Ex-County Treasurer Layman has not recovered $20,000 do posited in the Colfax bank during his administration.