First Territorial Bank (Lovington, NM)

Episode Information

Episode Type
Suspension → Closure
Start Date
November 1, 1921
Location
Lovington, New Mexico (32.944, -103.349)
Bank Type
state

Metadata

Episode ID
Bank ID
City ID
350899742
Model
gpt-5-mini
Short Digest

Notes

Articles report suspension and appointment of a receiver; no mention of a depositor run.

Events (3)
1. November 1, 1921 Suspension
Cause Details
State Bank Examiner James B. Read announced the bank's closing; specific cause not stated in article.
Newspaper Excerpt
LOVINGTON BANK SUSPENDS. ... R. R. James... has been designated by the state bank examiners's office as receiver for the First Territorial bank. of Lovington, which has suspended business.
Source
newspapers
2. November 1, 1921 Receivership
Newspaper Excerpt
R. R. James, former cashier, has been designated by the state bank examiners's office as receiver for the First Territorial bank. of Lovington, which has suspended business.
Source
newspapers
3. November 11, 1921 Other
Newspaper Excerpt
LEA R. R. James, former cashier, has been appointed receiver of the First Territorial bank at Lovington, the closing of which was announced recently by State Bank Examiner James B. Read.
Source
newspapers

Newspaper Articles (2)
1. November 1, 1921 The Evening Herald Albuquerque, NM
Article from The Evening Herald, November 1, 1921

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Article Text

LOVINGTON BANK SUSPENDS

SPECIAL TO THE HERALD SANTA FE. Nov. 1.-R. R. James. former cashier, has been designated by the state bank examiners's office as receiver for the First Territorial bank. of Lovington, which has suspended business.

2. November 11, 1921 New Mexico State Record Santa Fe., Santa Fe, NM
Article from New Mexico State Record, November 11, 1921

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Article Text

LEA R

R. James, former cashier, has been appointed receiver of the First Territorial bank at Lovington, the closing of which was announced recently by State Bank Examiner James B. Read. The latter stated that the bank, which formerly had more than $500000 deposits, had total resources, when it closed, of $431,000, including $60,000 capital stock and surplus of $25000.