21362. Citizens Bank (Ogden, UT)

Bank Information

Episode Type
Suspension → Closure
Bank Type
state
Start Date
December 26, 1893
Location
Ogden, Utah (41.223, -111.974)

Metadata

Model
gpt-5-mini
Short Digest
23303bd6

Response Measures

None

Description

The Citizens' Bank of Ogden assigned (was turned over to an assignee/receiver) on Dec 26, 1893 and remained in receivership with suits and receivers' actions through 1894–1897. No article describes a depositor run prior to suspension; the closure/assignment and later appointment of a receiver indicate permanent closure. OCR variants (Citizen's, Citizers') corrected to Citizens' Bank.

Events (4)

1. December 26, 1893 Suspension
Cause
Bank Specific Adverse Info
Cause Details
Bank assigned to cashier/assignee after mismanagement; later articles allege gross frauds, self-dealing loans and assets insufficient (assets less than $5,000).
Newspaper Excerpt
the Citizens' bank at Ogden has assigned to C. M. Brough, who is its cashier.
Source
newspapers
2. January 9, 1894 Receivership
Newspaper Excerpt
The Citizens' bank of Ogden has closed its doors. Cashier, C. M. Brough, is assignee. ... assigned December 26, last. Cashier C. M. Brough and President Theodore Robinson are charged with loaning money to themselves ... to the extent of $68,000.
Source
newspapers
3. October 23, 1894 Other
Newspaper Excerpt
Five suits, all on promissory notes now overdue, have been filed ... by James C. Armstrong, receiver of the Citizens' Bank of Ogden.
Source
newspapers
4. March 24, 1897 Other
Newspaper Excerpt
petition ... for the dissolution of the corporation ... affairs and assets of the bank were turned over to Charles M. Brough Dec. 26, 1893 ... a receiver was appointed by order of the court.
Source
newspapers

Newspaper Articles (12)

Article from Deseret Evening News, January 9, 1894

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Article Text

AN OGDEN BANK ASSIGNS. It Is the "Citizen's," But No Particulars Are Yet to Hand. Information reached financial circles in this city today to the effect that the Citizen's Bank at Ogden has assigned to C. M. Brough, who is its cashier. The NEWS communicated with Ogden by telephone, but up to the time of going to press was unable to learn any additional particulars. The president of the bank is Mr. N. Beeman.


Article from Rock Island Argus, January 11, 1894

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THE ARGUS, THURSDAY. JANUARY 11. 1894. THE ABBREVIATED TELEGRAMS. MERIT ACKNOWLEDGED THICAGO, ROCK ISLAND corn # A farmer unloading hay with a lighted pupe is his month started a fire which the Sisters of Mercy. By destroyed ten business blocks at Bellevue, TRAINS. Mich. Loss, $60,000. The Kickapoo Indian Remedies Found Revenue officers have captured in north Denver Limited & Om-ha to be Invaluable at a Famous New Ft. Worth. Denver & K. Georgia the smallest still on record. It is E. C., St. Joe s Minneapoile England Preparatory School-Their complete. with caps, tubs and all appurte+ Omaha & Des Noines Use is Always Found to be Beneficial. nances, and is not over eight inches high. 48 : muha s Kaness City . Umaha & Des Moines Er Strange to say, a negro weighing 233 OF tOmaha & Des Moines Ex pounds was arrested for running it. The Sisters of Denver. Lincoln s Omaha . Queen Victoria speaks ten languages St. Paul & Misneapol 8. Mercy who conduct *1 fluently. St. Paul & Minnespolis St. Joseph, Atchieon & K. C. the St. Augustine's Benedict Randharbinger, the Nestor of Denver, Ft. Worth s K. C. #1 Preparatory BoardAustrian musicians, schoolfellow of SchutKansas City & St. Joseph. *Rock Island & Washington. bert and teacher of Liszt, isdead at 91 years ing School at HartRock Island & Iowa City of age. ford, Conn., write Arrival. + Departure. tDn The London Times publishes a letter in that they find the All others daily. Telephone 10 which Lord Randolph Churchill, replying F. B Kickapoo Indian Remedics invaluable to an inquiry on the question of hi-metallism. says he fails to understand how any to them in caring for the health of the First aven BURLINGTON ROUTE-C. rational man can advocate the smallest descholars under their charge. "Kickstreet, M.J. Young, agent, parture from the gold currency. apoo Indian Sagwa, Kickapoo Indian TRAINS. The Citizens' bank. of Ogden, Utah, has . Oil andKickapoo Indian Cough Cure" St. Lonis Express closed its doors. Capital, $130,000. The St. Louis Express they say, "have been used here with cashier, C. M. Brough, is assignee. . St. Paul Passenger The Peoria Water company has been the most gratifying results. These Beardst wa Passenger placed in the hands of a receiver. Sterling Passenger simple remedics of the Indian race de. Dubnque Passenger D. A. Baker, cashier of the First NationSterling Passenger serve the widest possible recognition, al bank of Norwalk, O., committed sui*Daily. and their use is always beneficial." The cide. Baker shot himself through the VHICAGO, MILWAUKEE a right temple and heart. He had been conKickapoo Indian Remedies, way-Racine & Houthwes nected with the bank for twenty-five at Twentieth street, besween Kickapoo Indian Cough Cure, years. .venue. D. W. Holmes. ages Kickapoo Indian Oil, The last English census enumerated 1 Kickapoo Indian Salve, trains. about 5,000 women who are professional Kickapco Indian Worm Killer Mail and Express gardeners in that country and six who are it. Paul Express and employed in superintending the drainage " a Accommendation of towns. KICKAPOO INDIAN SAGWA, DOCK island s PRORIA In a battle in the state of Sao Paulo, " pot First avenue and Two The Grandest Remedy of the Universe. 1. Rockwell, Agent. Brazil. the insurgents killed 500 of the gov. For the Stomach, Liver and Kidneys. ernment troops and captured the remainTRAINS. 1 der. SOLD BY ALL DRUGGISTS. Fast Mail Express Since the burning of the scenery of the Express Paris opera in the scenery depot on the table Accommodation : " LEGAL Rue Richter, Jan. 5th, M. Spuller, minister of public instruction, has decided to ADHINISTRATOR'S NOTICE. BURLINGTON, CEDAR its ask the chamber of deputies for a credit of eru depot foot of :nport. Jas. Morton, Gen. T' 700,000 francs to build a new storehouse Estate of Samuel Bowles. Deceased. outside of Paris. The undersigned having been appointed adPavenport Trains. ministrator of the estate of Samuel Joe Manley says that the Maine delegat Passenger Bowler, late of the county of Rock Island, a tion at the next national Republican conFreight if Illinois, deceased, hereby gives notice that sh will appear before the county court of Rock Island vention will vote solidly for Tom Reed. -Leave West Davenport. county, at the office of the clerk of said court, in The Illinois State Firemen's association West Libertv Trains the city of Rock island. at the February term on at Effingham elected J. F. Moffitt, of Clini the first Monday in February next. at which time Passenger : all persons having claims aga net said estate are a ton. president, and adopted a resolution to " 1 notified and requested to attend, for the purpose petition the next legislature to place a tax I of having the same adjusted. All persons in. freight " of 2 per cent. on all insurance companies 1 debted toesid estate are requested to make in " in Illinois, the fund thus created to be demediate payment to the undersigned. a Dated this 11th day of December, A. D. 1898. voted to the care of indigent and infirm J. M. BU FORD, Administrator. aDaily. bDaily except Sund thremen. : Going South and east. *carr L. R. Williams, a coal miner, was shot NOTICE. Cedar Repids only. and killed near Pueblo, Col., by E. E. APPLICATION TO SELL REAL ESTATE Rhodes, a railroad brakeman. Williams BY GUARDIAN. STATE OF ILLINOIS. and three companions paid Kelly EdmundROCK ISLAND COUNTY. fee son, another bra' aman, $1 to take them in To all Persons Concerned: a box-car to Trin 1 1. Rhodes threatened THE Public notice is hereby given that the under to throw Williams the train unless he, signed, guardian of Mar, L. Swank, John M. too, was paid. Williams refused. swank. Ida M. Swank. Sacie E. Swank DENRI and Edward S. Swank minor heirs of


Article from River Falls Journal, January 18, 1894

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WEST AND SOUTH. THE doors of the Citizens' bank at Ogden, Utah, were closed. Its capital was $150,000. IN Des Moines, Ia., Rev. Samuel Carter died at the age of 102 years. He was born a slave in Virginia in 1792. FIRE ruined the best portion of Bellevue, Mich., causing a loss of $100,000. A MOB lynched Sam Smith, a negro, near Greenville, Ala. He had shot and fatally wounded E. L. Harrison, who was attempting his arrest. THE Kentucky legislature elected William Lindsay United States senator to succeed himself. THE Duval Athletic club to test the Florida law has arranged a prize fight between two negroes to take place shortly. THE Louisiana anti-lottery law was said to have been found defective and would not stand a test in court. NEAR Grinnell, Ia., six men were injured in a train wreck caused by a car breaking in two. AT Louisville the Mingo Mountain Coal & Coke company went into the hands of a receiver with liabilities of $100,000. THE Colorado legislature met in extra session at Denver and listened to Gov. Waite's message, which the senate declined to print. A COAL dock in Jacksonville, Fla., collapsed, killing three men and fatally injuring another. AN order, known as the Ancient Order of Loyal Americans, was formed at Lansing, Mich. The members are required to labor against any foreign influence in the affairs of the nation, either political or religious, to break down trusts and to promote liberty. None but native-born Americans can join. January 22 is set as the day on which the order is to be instituted in all the various states of the union. IN San Francisco the midwinter fair will be formally opened on Saturday, January 27. THE long established firm of W. T. Beek & Co., commission merchants in San Francisco, failed for $750,000. FIVE masked men held up afast train near St. Joe, Mo., and looted the express and mail cars A large sum was secured. FLAMES in the McShane bell foundry in Baltimore destroyed patterns valued at $200,000, together with $15,000 worth of machinery. FLAMES ruined the furniture plant at Sheboygan, Wis., of the Halstead Ma: u'acturing co npany, the loss being $100,000. THE Iowa legislature convened at Des Moines.


Article from The Wichita Daily Eagle, September 15, 1894

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CHARGED WITH FRAUD. DENVER, Colo., Sept. 14.-A special digpatch from Ogden, Utah, to the News, says that articles were filed today in the United States Fourth district court, charging gross frauds and mismanagement on the part of the officers of the Citizens bank, which assigned December 26, last. Cashier C. M. Brough and President Theodore Robinson are charged with loaning money to themselves and to corporations in which the stockholders of the bank are interested to the extent of $68,000. Mr. Brough is mayor of Ogden.


Article from Barbour County Index, September 19, 1894

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Bank Officers Accused of Theft. OGDEN, Utah, Sept. 15. - Articles were filed yesterday in the United States district court charging gross fraud and mismanagement on the part of the officers of the Citizens' bank, which assigned December 26 last. Cashier C. M. Brough and President Theodore Robinson are charged with lending money to themselves and to corporations in which stockholders of the bank were interested to the extent of $68,000. Mr. Brough is mayor of Orden.


Article from The Caldwell Tribune, September 19, 1894

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LOANED MONEY TO THEMSELVES. Officers of an Ogden Bank Charged With Gross Mismanagement. DENVER, Sept. 14.-A special dispatch from Ogden, Utab, to the News says: Articles were filed today in the United States Fourth district court charging gross fraud and mismanagement on the part of officers of the Citizers' bank, which assigned December 26 last. Cashier B. M. Brough and President Theodore Robinson are charged with loaning moneý to themselves and to corporations in which the stockholders of the bank are interested to the extent of $68,000. Brough is mayor of Ogden.


Article from The Weiser Signal, September 20, 1894

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LOANED MONEY TO THEMSELVES. Officers of an Ogden Bank Charged With Gross Mismanagement. DENVER, Sept. 14.-A special dispatch from Ogden, Utab, to the News say: Articles were filed today in the United. States Fourth district court charging gross fraud and mismanagement on the part of officers of the Citizers' bank, which assigned December 26 last. Cashier B. M. Brough and President Theodore Robinson are charged with loaning money to themselves and to corporations in which the stockholders of the bank are interested to the extent of $68,000. Brough is mayor of Ogden.


Article from The Weekly Tribune, September 21, 1894

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BAD BUSINESS MEN. Ogden Bank Officers Accused of Stealing Funds. DENVER, Sept. 15.-A special dispatch from Ogden, Utah, says that articles were filed today in the United States Fourth district court charging gross fraud and missmanagement on the part of the officers of the Citizens' bank, which assigned Dec. 26. Cashier Brough and President Robinson are charged with loaning money to themselves and to corporations in which the stockholders of the bank are interested to the extent of $63,000. Brough is mayor of Ogden.


Article from Deseret Evening News, October 23, 1894

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OGDEN. OGDEN, UTAH, UCT. 28, 1894. Court News. There was a full attendance in the Fourth district courtroom yesterday. The case which occupied the attention of the court was that of Charles Doug inss, charged with fornication. The prosecuting witness was Miss Rose Chandler, who testified as to her betrayal. At 10 p. m. the jury returned a verdict of not guilty. Five suite, all on promissory notes now overdue, have been filed in the Fourth district court by Richards & McMillan, on behalf of James C. Armstrong, receiver of the Citizens' Bank of Ogden. The first suit 18 against Corey Bros. & Co., to recover the sum of $28,236.74 with interest, and $3,800 attorneys' fees. The Cache Valley Land and Canal Co. is also sued for $10,333 with interest and $1,042.70 attorneys' fees. Also P. E. Gordon and James F. Pender are made defendants and judgment 18 asked for $575 with interest and attorney's fees, Robert Robinson is sued for $462.50 and $50 attorney's fee. Suit also is brought against W. W. Corey et al to recover $504 with interest and $65 attorney's fee.


Article from Deseret Evening News, October 24, 1894

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# Weber County Items. Mrs. Wm, Shipley, of Riverdale, who has been suffering from the effects of an ovarian tumor, has just submitted to an operation for its removal. Dr. Rich, assisted by Drs. Powers, Ross and Rich, officiate; the tumor when extracted weighed forty-two pounds. Mrs. Shipley is reported as making satisfactory progress. Receiver J. C. Armstrong of the Citizens Bank, of Ogden, has filed two suits against Theodore Robinson, ex-manager of the bank-one for $3,200 and interest and the other for $363.20 with interest. Ruth Barratt, Ogden, yesterday sued for a divorce from her husband, Frank A. Barratt, alleging drunkenness and failure to provide.


Article from Hopkinsville Kentuckian, January 1, 1895

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LOOKING BACKWARD. Leading Events of a Memorable Twelve Months. THE YEAR 1894 PASSED IN REVIEW. Failures, Casualties, Crimes, Foreign and Industrial Happenings, Meteorology, Political, Social and Sporting Events Chronologically Recorded. BUSINESS FAILURES. BANKS GENERALLY. OTHERS FOR $500,000 AND OVER. Jan. 3-Southern Land and Improvement Co., Frankfort. Ky.; $500,000, Jan. 9-Citizens' bank at Ogden, Utah Bank of Port Washington, Wis. Jan. 10-W. T. Beek & Co., San Francisco commission merchants; $750,000. Jan. 14-Mendville (Pa.) savings bank Jan. 16-Merchants' bank, Ellis. Kan. Jan. 16-Third national bank, Detroit Bank of Zumbrota, Minn. Jan. 324 Westview savings bank, at Louisvilie, Ky. Jan. 24-First national bank, Fort Payne; Ala. Feb. 9-Signa Iron Co., of Philadelphia; $100,000 Feb. 14-American national bank at Springfield, Mo Burlington (Ia.) Fire & Tornado Insurance Co. Mar. 2-State bank at Brookville, Kan. Mar. 7-Bank of Harrison, Neb. Mar. 13-Bank of Excelsior Springs, Mo. Mar.28--Peoplelssavings bank of Duluth, and Merchants' bank of West Duluth. Apr. 6--J. B. Watkins Mortgage Co. of Lawrence, Kan: $5,550,000, Apr. 10-Aspen (Col.) national bank. Apr. 18-W. Thomas & Son. whisky dealers and distillers at Louisville, Ky.; $500,000. Apr. 19-West Superior Iron & Steel company of Milwaukee: $2,500,000. Apr. 24-Merchants bank of Enid, O. T. Apr. 27-Henry Newman & Co., importers of clothing supplies in New York: $1,500,000. Apr. 30-Scandinavian and Finland Emigrant Co. of New York; $4,000,000. May 4-First national bank of Sedalia, Mo. May 7-State national bank at Wichita, Kan. May 8-A. N. Schuster & Co., clothing dealers at St. Joseph, Mo.: $500,000. May 16-National bank of Pendleton, Ore. May 18-The order of Tonti to ha nds of receiver in Philadelphia. May 20-Traders' bank of Tacoma. May 24-Bank of Tempe at Phoenix, A. T. May 31-Bank at Enterprise, Kan. June 4-Steele & Walker, wholesale grocers at St. Joseph, Mo.: $700,000. June -Farmers' and Merchants' bank at South End. O. T. June German national bank at Denver, Col: $853,000. June 8-Union Warehouse Co. of New York; $1,000,000. June 10-American Investment Co. at Emmettsburg, In.: $800,000. June 18-Goodwin & Swift, of New York, electric railway builders and promoters; $750,000. June 21-Black Hills national bank of Rapid City, S. D. July 26-First national bank of Grant, Neb. Aug. 1-Baker City (Ore.) national bank. Aug. 7 Citizens' savings bank at Portsmouth, O. Aug. 10-Second national bank, Altoona. Pa. Aug, 18-Wichita (Kan.) national bank. Aug. 17-Commercial & Savings bankof Ludington, Mich. Sep. 6-Middleton (Pa.) bank. Sep. 7-Mutual Benefit Life associatio n of America ,headquarters at New York: $10,000,000 Oklahoma county bank at South Enid, O.T. Sep. 10-Citizens' bank of Plattsmouth, Neb. Sep. 21-Commercial bank at Weeping Water, Neb. Oct. 1-First national bank of Fayetteville, N.Y. Oct. 5-Coffin & Stanton, stock. brokers in New York: $3,600,000. Oct. 10-American Debenture Co., of Chicago; $1,500,000. Oct. 11-First national bank of Kearney, Neb. Oct. 12-Buffalo county national bank at Kearney, Neb. Oct. 16-Merced bank, at Merced, Cal. Oct. 23-George M. Irvin & Co., of Pittsburgh, Pai $1,000,000. Oct. 25-J. J Reithman and J. J. Reithman & Co. wholesale druggists in Denver; $500,000. Nov. 8-San Bernardino (Cal.) First national bank. Nov. 12-First national bank of Johnson City, Tenn. Nov. 10-Portland (Ore.) savings bank; $1,430,000. Nov. 23-Brown national bank at Spokane, Wash. Nov. 27-Kendall Banking company at Howard, S.D. Security National bank of Grand Island, Neb. Nov. 28-Bank of Canova, S. D. Dec. 4-North Platte (Neb.) national bank. Tacoma (Wash.) national bank. Dec. S-Farmers' Insurance Co., of Seattle, Wash. Dec. 11-Commercial bank, at St. Joseph, Mo.


Article from The Salt Lake Herald, March 24, 1897

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OGDEN BUREAU. Business and Editorial Office 519 Utah Loan & Trust Building. Telephone 298. Ogden, March 24. # THE CITIZENS' BANK. # Important Suit Filed Affecting It-Case to Come Up April 10. A petition was filed yesterday in the district court which puts another phase on the controversies growing out of the affairs of the Citizens' bank. The petition was by A. C. Bishop, acting in his capacity as attorney-general, and is for the dissolution of the corporation, the withdrawing of all corporate rights from the institution and for costs of the present action. The complaint alleges, "on information and belief," that the affairs and assets of the bank were turned over to Charles M. Brough Dec. 26, 1893; that said bank had been mismanaged by its cashier, directors and manager, and that all its present assets are less than $5,000; that a receiver was appointed by order of the court. Now, however, it is claimed that a receiver is not necessary, and that the total assets are less than $5,000. Whipple and Johnson, attorneys for the bank, promptly accepted service, and the court made an order for the defendant to show cause on April 11th why the petition should not be granted. Parties in a position to know say the matter is simply another phase of the case of Albert Ladd et al. vs. the Citizens' bank, which is still in court. The defendants had objected to the report of the receiver and to his final discharge, and had moved to have the affairs of the bank put back in the hands of the officers and directors. The other parties were trying to get the assets of the bank sold at auction.