Nucla State Bank - Nucla, CO

Episode Information

Episode UID: 82038371468
Episode Type: Run → Suspension → Closure
Bank Type: state
Bank ID: 8203837 routing
Routing Number: 82-0383
Start Date: April 1, 1922*
Location: Nucla, Colorado (38.269, -108.548)

Metadata

Model: gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest: ab671b0d7189b2dd

Response Measures

None

Description

Closure occurred ~a year before Apr 25, 1923; date approximated from text.

Events (3)

1. April 1, 1922* Run

Cause: Local Banks
Cause Details: A small run triggered by the closing of the Home State Bank at Montrose.
Measures: Bank was closed by the cashier following the run.
Newspaper Excerpt: The Nucla State bank was closed by Cashier Hawkyard, following a small run on the bank brought on by the closing of the Home State bank at Montrose.
Source: newspapers

2. April 1, 1922* Suspension

Cause: Local Banks
Cause Details: Suspension/closure followed the run caused by another local bank's failure (Home State bank at Montrose).
Newspaper Excerpt: The Nucla State bank was closed by Cashier Hawkyard, following a small run on the bank...
Source: newspapers

3. May 4, 1923 Receivership

Newspaper Excerpt: The last chapter of the closing of the Nucla State bank ... will be enacted by Special Deputy C. R. Henderson on May 4, when the remaining assets of the bank will be sold to the highest bidder for cash, says Nucla Independent.
Source: newspapers

Newspaper Articles (1)

1. April 25, 1923 The Daily Sentinel Grand Junction, CO

Article from The Daily Sentinel, April 25, 1923

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Article Text

NUCLA STATE BANK TO PAY OUT IN FULL Depositors Have Already Received 75 Per Cent; Final Sale of Bank's Assets Set for May 4th. The last chapter of the closing of the Nucla State bank by G. E. Hawkyard about a year ago, will be enacted by Special Deputy C. R. Henderson on May 4, when the remaining assets of the bank will be sold to the highest bidder for cash, says Nucla Independent. Since the closing of the bank the depositors have been paid 75 per cent of their total deposits, and there is no question but that the other 25 per cent will be paid following the sale, as there is only a small amount needed to pay the depositors in full. At this time there is no prospect of the Nucla bank being reopened. It is likely the fixtures will be sold to some outside person or firm and probably moved from the town. The Nucla State bank was closed by Cashier Hawkyard, following a small run on the bank brought on by the closing of the Home State bank at Montrose. The bank was in a solvent condition, and according to a statement of the deputy bank examiner sent in from Denver, the notes held by the bank were far above par and, with few exceptions could be collected. However, once closed, it is difficult to refinance and regain confidence of the people. WOMAN MANAGER IS APPOINTED IN AN OREGON CITY First Woman City Manager in U. S. to Have Charge of Warrenton; To Sell the City to the World.