Bank of Clear Creek County

Bank Information

Episode Type: Suspension → Closure
Bank Type: state
Start Date: *
Location: Georgetown, Colorado (39.706, -105.698)

Metadata

Model: gpt-5-mini
Short Digest: 8606f539

Response Measures

None

Description

Article states the Bank of Clear Creek (Georgetown) closed its doors during the panic of 1823. OCR likely misreads the year (probably 1893 or similar), but the piece indicates the bank had previously suspended/closed during a panic and remained closed such that its holdings are being disposed to settle accounts. No run is described. Classified as suspension leading to permanent closure. Date of closure not specified in the article.

Events (1)

1. * Suspension

Cause: Macro News
Cause Details: Closed during a financial panic (article text: closed its doors during the panic of 1823 — likely OCR year error), i.e., a broader panic led to suspension.
Newspaper Excerpt: The control has been held for several years by the Bank of Clear Creek of Georgetown, which closed its doors during the panic of 1823.
Source: newspapers

Newspaper Articles (1)

1. June 19, 1902 Gilpin Observer Central City, CO

Article from Gilpin Observer, June 19, 1902

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Article Text

Three Companies. The Idaho Springs News of Friday says; F. W. Hinrod and Lobe H. Hanchett, of that place, have deposited 850,000 in the First National bank of Idaho Springs for a controlling interest in the United Light and Power company of Georgetown. The control has been held for several years by the Bank of Clear Creek of Georgetown, which closed its doors during the panic of 1823. Disposition of its holdings of light company stock will enable the bank to make a complete and full settlement of all outstanding accounts. The light company has been in charge of Fred P. Dewey who will remain as manager under the new owners. The plant has been greatly enlarged during the last year and the Cascade Electric company, an anxiliary has been formed, which is furnishing light for Idaho Springs. The Cascade company is now building a second line from Georgetown which will be extended into Gilpin county for the purpose of furnishing power to the mines. It is also reported that the electric light company now operating in Gilpin county will be merged with the Cascade and United Power and that their allied interes's will be forwarded in harmony. The plant will be enlarged thrae times its present capacity.