Commercial Bank - Port Townsend, WA

Bank Information

Episode Type: Suspension → Reopening
Bank Type: state
Start Date: May 1, 1898*
Location: Port Townsend, Washington (48.117, -122.760)

Metadata

Model: gpt-5-mini
Short Digest: 308087f4

Response Measures

None

Description

Article (Seattle PI, 1898-07-02) reports the Commercial Bank of Port Townsend closed its doors nearly two months ago and reopened July 1, 1898 with new capitalization. No run or receivership is mentioned and no cause for the earlier closure is given in the text.

Events (2)

1. May 1, 1898* Suspension

Cause Details: Article gives no reason for the prior closure; only notes it closed its doors nearly two months ago.
Newspaper Excerpt: which closed its doors nearly two months ago
Source: newspapers

2. July 1, 1898 Reopening

Newspaper Excerpt: The Commercial bank ... opened up for business yesterday afternoon with new capitalization. President Saunders says he is in business to stay and has capital enough to meet all runs,
Source: newspapers

Newspaper Articles (1)

1. July 2, 1898 The Seattle Post-Intelligencer Seattle, WA

Article from The Seattle Post-Intelligencer, July 2, 1898

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Article Text

Commercial Bank Reopens. Special Dispatch to the Post-Intelligencer, PORT TOWNSEND July 1.-The Commercial bank. which closed its doors nearly two months ago, opened up for business yesterday afternoon with new capitalization. President Saunders says he is in business to stay and has capital enough to meet all runs,