First State Bank - Artesia, NM

Episode Information

Episode UID: 95006871429
Episode Type: Suspension → Closure
Bank Type: state
Bank ID: 9500687 routing
Routing Number: 95-0068
Start Date: January 29, 1919
Location: Artesia, New Mexico (32.842, -104.403)

Metadata

Model: gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest: 226c8c829d1193d6

Response Measures

None

Description

Bank closed and turned over to the state bank examiner; no reopening mentioned.

Events (1)

1. January 29, 1919 Suspension

Cause: Government Action
Cause Details: Closed and placed in charge of the state bank examiner pending investigation of alleged failure.
Newspaper Excerpt: The First State Bank of Artesia closed its doors Wednesday, and the institution is now in the hands of the state bank examiner.
Source: newspapers

Newspaper Articles (1)

1. January 31, 1919 New Mexico State Record Santa Fe., Santa Fe, NM

Article from New Mexico State Record, January 31, 1919

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Article Text

EDDY 1 Artesia Bank Closes Doors The First State Bank of Artesia closed its doors Wednesday, and the institution is now in the hands of the state bank examiner. Whatever funds were on deposit of Eddy county are amply protected by a surety bond of $15,000, such bond being required by law from every bank in which is deposited county funds. Many causes are assigned for the closing of the bank, and the cause and extent of the failure, if failure it is, will not be known for several days, or until the affairs of the bank are gone into by the examiner. The bank was capitalized at $15,000 and has been considered among the sound financial banks of the southwest. The failure of the First State bank is the second in the history of Eddy county-Carlsbad Argus.