Original sentence: Smith may well have decided to leave Ohio for another reason: the unchartered (called for by law) bank Joseph Smith helped found in Kirtland in January 1837, called "Kirtland Safety Society Anti-Banking Company," folded by November 1837 with total losses to shareholders of about $40,000, amidst other bank failures of the time due partly to the popularity of speculating on rising property values amidst unsecured credit
Edited sentence: Much of the apostate turmoil in Kirtland was brought on after the bank Joseph Smith helped found in Kirtland in January 1837, called "Kirtland Safety Society Anti-Banking Company," was not granted a legal charter by the state; it folded by November 1837 with total losses to shareholders of about $40,000, amidst other bank failures of the time due partly to the popularity of speculating on rising property values amidst unsecured credit