State Bank - Olympia, WA

Bank Information

Episode Type: Suspension → Closure
Bank Type: state
Start Date: April 4, 1892
Location: Olympia, Washington (47.038, -122.901)

Metadata

Model: gpt-5-mini
Short Digest: 254a0791

Response Measures

None

Description

Article states the State Bank suspended a short time ago and a new institution (Olympia Savings Bank) is being organized as its successor and will open on April 4, 1892. No run is mentioned and the original State Bank appears to remain closed/permanently replaced.

Events (2)

1. April 4, 1892 Other

Newspaper Excerpt: The purpose of this organization is to preserve the savings features of the State bank ... the institution will not open for business until April 4th.
Source: newspapers

2. * Suspension

Cause Details: Article does not state a cause for the suspension; only notes it suspended a short time ago.
Newspaper Excerpt: The Name of a New Institution Soon to be Organized. A new bank will soon be organized, as a successor to the State bank, which suspended a short time ago.
Source: newspapers

Newspaper Articles (1)

1. March 22, 1892 The Olympia Tribune Olympia, WA

Article from The Olympia Tribune, March 22, 1892

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Article Text

OLYMPIA SAVINGS BANK. The Name of a New Institution Soon to be Organized. A new bank will soon be organized, as a successor to the State bank, which suspended a short time ago. Arrangements are now under way, and will probably shortly be consummated, to open the bank in the building recently vacated by the State bank. The directors and officers have not as yet been chosen, but some of those interested in the bank will be John F. Gowey, A. A. Phillips, of the First National bank, of this city, together with a number who were connected with the defunct State bank. The purpose of this organization is to preserve the savings features of the State bank, where small deposits will be received and interest allowed thereon, a feature which is not practiced by any other bank in the city. The articles of incorporation will probably be filed this week, but the institution will not open for business until April 4th.