Bank of San Marcial (San Marcial, NM)

Episode Information

Episode UID
95008871560
Episode Type
Suspension → Closure
Bank Type
state
Bank ID
9500887 routing
Routing Number
95-0088
Start Date
December 8, 1929
Location
San Marcial, New Mexico (33.700, -106.987)

Metadata

Model
gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
a9950316f6f0528a

Response Measures

None

Description

Embezzlement discovered after a 1929 flood is cited in later article as cause of failure.

Events (3)
1. December 8, 1929 Receivership
Newspaper Excerpt
Bank Examiner Lawrence Tamme and the First Savings Bank & Trust Co., of Albuquerque have been appointed receivers for the Bank of San Marcial by Judge Harry P Owen
Source
newspapers
2. December 8, 1929 Suspension
Cause
Bank Specific Adverse Info
Cause Details
Bank failed following discovery of a shortage/embezzlement; resources low and other creditors existed.
Newspaper Excerpt
SAN MARCIAL BANK RECEIVERS NAMED
Source
newspapers
3. August 25, 1933 Other
Newspaper Excerpt
Missing since 1929 when he disappeared shortly before being charged with embezzlement of $28,000 from the now defunct Bank of San Marcial, N. M., David E. Baca, assistant cashier ... has been arrested in San Diego, Calif.; The shortage was discovered after the disasterous flood which swept the town.
Source
newspapers

Newspaper Articles (2)
1. December 8, 1929 Albuquerque Journal Albuquerque, NM
Article from Albuquerque Journal, December 8, 1929

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Article Text

SAN MARCIAL BANK RECEIVERS NAMED SANTA FE Dec Bank Examiner Lawrence Tamme and the First Savings Bank & Trust Co., of Albuquerque have been ap pointed receivers for the Bank of San Marcial by Judge Harry P Owen The bank's resources are estf mated at after deducting bilities total approximately $93 000. There are other creditors.

2. August 25, 1933 El Paso Herald-Post El Paso, TX

Article Text

N. M. BANKER APPREHENDED San Marcial Man Arrested In Coast City on Charge Of Embezzlement By Associated Press LOS LUNAS, N. M., Aug. 25.—Missing since 1929 when he disappeared shortly before being charged with embezzlement of $28,000 from the now defunct Bank of San Marcial, N. M., David E. Baca, assistant cashier of the institution, has been arrested in San Diego, Calif., Dist. Atty. Fred Nicholas was advised. The shortage was discovered after the disasterous flood which swept the town.