19201. Citizens State Bank (Brewster, WA)

Bank Information

Episode Type
Suspension → Closure
Bank Type
state
Start Date
November 1, 1907*
Location
Brewster, Washington (48.096, -119.781)

Metadata

Model
gpt-5-mini
Short Digest
6efcbf2fd90470ca

Response Measures

None

Description

Articles state the Citizens State Bank of Brewster was placed in the hands of a receiver in November (presumably Nov 1907) and remains in receivership as of Mar 1908 while winding up; there is mention of an effort to reorganize/reopen but no evidence the bank actually resumed operations. No run is described. OCR corrected 'Commercial banks' in Article 1 seems to mean 'Commercial banker' L. L. Work arranging reopening. Dates: 'placed in the hands of a receiver in November' (interpreted as 1907 given 1908 publication).

Events (2)
1. November 1, 1907* Receivership
Newspaper Excerpt
Will Reopen Bank. BREWSTER, Wash., Jan. 18.-L. L. Work...is now making arrangements to reopen the Citizens' State bank of this place, which was placed in the hands of a receiver in November.
Source
newspapers
2. March 9, 1908 Receivership
Newspaper Excerpt
Receiver Appointed. E. R. Tyler, receiver of the Citizens State Bank of Brewster...they are proceeding with the winding up of the bank's affairs as fast as possible.
Source
newspapers

Newspaper Articles (2)
1. January 18, 1908 The Evening Statesman Walla Walla, WA
Article from The Evening Statesman, January 18, 1908

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Article Text

Will Reopen Bank. BREWSTER, Wash., Jan. 18.-L. L. Work. president of the Commercial banks at Twisp and Conconully, is now making arrangements to reopen the Citizens' State bank of this place, which was placed in the hands of a receiver in November.

2. March 9, 1908 The Wenatchee Daily World Wenatchee, WA
Article from The Wenatchee Daily World, March 9, 1908

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Article Text

Receiver Appointed. E. R. Tyler, receiver of the Citizens State Bank of Brewster, accompanied by Frank Foster, his attorney, came up from Brewster Tuesday, to interview the debtors and creditors of the institution in this valley. There is little to give other than that they are proceeding with the winding up of the bank's affairs as fast as possible. The fixtures of the Twisp branch of the defunct bank were sold by the receiver at $550, considered a very good sale for the creditors of the bank. Mr. Tyler states the proposition of reorganizing the bank is by no means dead, and that it stands a good show yet of taking place. They visited Winthrop yesterday and returned home today. -Twisp News.