Pullman State Bank - Pullman, WA

Bank Information

Episode Type: Suspension → Reopening
Bank Type: state
Start Date: October 30, 1907
Location: Pullman, Washington (46.731, -117.180)

Metadata

Model: gpt-5-mini
Short Digest: d3d613ad

Response Measures

None

Description

Article (Oct 30, 1907) reports First National Bank at Pullman suspending cash payments to outside places as part of clearing-house measures following suspension of specie payments in larger cities (part of the 1907 panic). No run on this specific bank is mentioned and suspension appears temporary.

Events (1)

1. October 30, 1907 Suspension

Cause: Macro News
Cause Details: Clearing-house action following suspension of specie payments in larger cities; banks ceased paying out cash for outside places to protect reserves.
Newspaper Excerpt: NO CASH AT PULLMAN. Pullman, Wash., Oct. 30.-Representatives of First National bank and Pullman State bank met ... decided to take action to prevent withdrawal of money for outside places.
Source: newspapers

Newspaper Articles (1)

1. October 30, 1907 The Coeur D'alene Press Coeur D'alene, ID

Article from The Coeur D'alene Press, October 30, 1907

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Article Text

banks ARE CAUTIOUS Cash Payments Suspended in Many Places. Colfax, Wash, Oct. 30.-The Colfax banks have adopted the same measures to protect their reserve as the other banks throughout the country. Immediately upon receipt of advices relative to the suspension of specie payments in the larger cities, the four banks here followed suit, and all have notices conpsicuously displayed on their doors. NO CASH AT PULLMAN. Pullman, Wash., Oct. 30.-Representatives of First National bank and Pullman State bank met with Colfax bankers at Colfax and decided to take action to prevent withdrawal of money for outside places. AT ROSALIA. Rosalia, Wash., Oct. 30.-The clearing-house action carried out by the financial centers was immediately put into force by the two banks here. The combined deposits are $500,000. The customers of both institutions cooperated at once, and business moves along smoothly. STOP PAYMENT AT TEKOA. Tekoa, Wash., Oct. 30.-A mild sensation was caused when the news became known that the Tekos banks would cease paying checks, drafts or bills of exchange in cash temporarily.