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: 3836cbf1

Response Measures

None

Description

The bank was placed in the hands of a receiver in November (reported as defunct). A Jan 18, 1908 notice says arrangements are being made to reopen, but by Mar 9, 1908 the receiver is winding up affairs and fixtures of the Twisp branch were sold; no evidence the bank actually resumed normal operations. Classified as suspension leading to closure/receivership.

Events (4)

1. November 1, 1907* Receivership

Newspaper Excerpt: 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... 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.
Source: newspapers

2. November 1, 1907* Suspension

Cause Details: Not specified in articles; only that the bank was placed in receivership in November.
Newspaper Excerpt: which was placed in the hands of a receiver in November.
Source: newspapers

3. January 18, 1908 Reopening

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

4. March 9, 1908 Other

Newspaper Excerpt: There is little to give other than that they are proceeding with the winding up of the bank's affairs as fast as possible. ...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.
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.