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New Mexico Banks Are Taken Over By State Examiner (By Associated Press Leased Wire) SANTA FE, N. M., Jan. 28. — The state bank examiner's office has been asked to take charge of the Bank of Tyrone, at Tyrone, N. M., and the Silver City Savings Bank at Silver City, closed by order of the directors, according to a wire to the examiner's office. The bank of Tyrone with a capital of $50,000 and surplus of
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FOUR NEW MEXICO BANKS SHUT DOORS Silver City, N. M., Jan. 29.—The Silver City National, the Silver City Savings bank and the American National bank here closed yesterday and the state bank examiner was asked to take charge of the Bank of Tyrone.
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DOORS OF FOUR BANKS IN NEW MEXICO CLOSE Silver City, N. M., Jan. 28.—Three banks closed their doors in Silver City this morning within half an hour of each other, and a fourth bank in the county, the Bank of Tyrone, closed soon thereafter. This leaves Grant county, richest in the state in assessments, without a bank. The three Silver City banks which closed today were the Silver City National bank, the American National bank and the Silver City Savings bank. Huron, S. D., Jan. 28.—The First National bank here failed to open its doors today, national bank officials having found that the runs made on the bank in the last few days had depleted its cash reserve. George Wright is president of the bank. The coal consumption of the United States annually approximates 600,000,000 tons.
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Huron Bank Closes. Huron, S. D., Jan. 28.—The First National bank here failed to open its doors this morning, national bank officials having found that the runs made on the bank in the last few days had depleted its cash reserve. It is the oldest bank in the city and one of the oldest in the state. A recent statement showed deposits of $1,500,000. Reorganization will be worked out. Mitchell, S. D., Jan. 28.—The agricultural commission of the American Bankers' association has called a meeting for tomorrow at Brookings to develop some plan whereby the bankers of the state can assist the farmers in their economic plight. Four Banks Close Doors. Silver City, N. M., Jan. 28.—The Silver City National bank, the American National bank, and the Silver City Savings bank closed their doors here today. Shortly afterwards the Bank of Tyrone, at Tyrone, N. M., closely affiliated with the Silver City National, closed its doors.
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THREE BANKS CLOSE DOORS ALL ARE IN NEW MEXICO SILVER CITY, N. M., Jan. 29—The Silver City National, the Silver City Savings bank and the American National bank were closed yesterday and the state bank examiner was asked to take charge of the Bank of Tyrone. The institutions, all in Grant county, had combined liabilities estimated at $3,000,000 according to their statements of December 31. Recent large withdrawals, it was said, resulted in the decision to close.
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Four Banks Close Doors in New Mexico Towns SILVER CITY, N. M., Jan. 28.—The Silver City National bank, the American National bank and the Silver City Savings bank closed their doors here today. Shortly afterward, the Bank of Tyrone at Tyrone, N. M., closely affiliated with the Silver City National, closed its doors. Heavy demand for cash by a large depositor caused the closing of the first two named institutions, it was announced.
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Another Bank in South Dakota Closes its Doors HURON, So. Dak., Jan. 29.—The First National Bank has closed its doors due to a heavy run. SILVER CITY, N. M., Jan. 29.—The Silver City National Bank, American Bank, and Silver City Savings Bank, also the Bank of Tyron, at Tyron, affiliated with the Silver City National, have all closed.
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NAMED BANK RECEIVER. SANTA FE, N. M., April 21.—Judge R. R. Ryan of Silver City has appointed State Bank Examiner L. B. Gregg as receiver of the Silver City Savings bank, which closed some months ago.
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6 SILVER CITY BANK OFFICIALS ARE INDICTED Silver City, N. M., June 11.—Six officials and directors of the Silver City Savings bank which suspended business two months ago have been indicted for accepting deposits when they knew the affairs of the bank to be in an insolvent condition. No names were given out following the announcement of county officials that the indictments had been returned. Additional charges against two directors for the alleged making of excessive loans also were returned Trial of the six officials and directors was set for Monday, June 16, in Silver City before Judge Edwin Mechem, of Alamogordo. Judge R. R. Ryan requested that Judge Mechem hear the case instead of it being brought before him.
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New Mexico Bankers Indicted Silver City, N. M.-Six officials and directors of the Silver City Savings Bank, which suspended business two months ago, have been indicted for accepting deposits when they knew the affairs of the bank to be in an insolvent condition. No names were given out following the announcement of county officials that the indictments had been returned. Additional charges against two directors for the alleged making of excessive loans also were returned. Judge R. R. Ryan requested that Judge Mechem of Alamogordo hear the case instead of It being brought before him.
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New Mexico Bankers Indicted Silver City, N. M.—Six officials and directors of the Silver City Savings Bank, which suspended business two months ago, have been indicted for accepting deposits when they knew the affairs of the bank to be in an insolvent condition. No names were given out following the announcement of county officials that the indictments had been returned. Additional charges against two directors for the alleged making of excessive loans also were returned. Judge R. R. Ryan requested that Judge Mechem of Alamogordo hear the case instead of it being brought before him.
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Silver City Bank Receiver Resigns SANTA FE, N. M., August 5.—State Bank Examiner L. B. Gregg has resigned as receiver of the Silver City Savings bank and G. W. Hay has been appointed in his place. Turning over the bank to his successor, Mr. Gregg made a detailed report of his receivership, showing the receiver will be in a position to pay a dividend of 10 per cent to the creditors as soon as the date expires for the filing of claims. The bank closed January 28, this year.