Bank of Rosalia - Rosalia, WA

Bank Information

Episode Type: Suspension → Closure
Bank Type: state
Start Date: April 19, 1897
Location: Rosalia, Washington (47.236, -117.370)

Metadata

Model: gpt-5-mini
Short Digest: 6c83bf5b

Response Measures

None

Description

Article (1897-04-19) reports the Bank of Rosalia notified customers to withdraw deposits because the owner (name garbled as 'Well') is going out of business due to poor health. This appears to be a voluntary closure rather than a depositor run or regulatory seizure. No run or receivership is mentioned.

Events (1)

1. April 19, 1897 Suspension

Cause: Voluntary Liquidation
Cause Details: Owner is going out of business due to poor health and has instructed clients to withdraw deposits; closure appears voluntary.
Newspaper Excerpt: the bank of Rosalia ... has notified clients to withdraw their deposits without delay, as the bank is to close. Although the owner's name is Well he has poor health, which is assigned as the reason for going out of business.
Source: newspapers

Newspaper Articles (1)

1. April 19, 1897 The Seattle Post-Intelligencer Seattle, WA

Article from The Seattle Post-Intelligencer, April 19, 1897

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Article Text

Whatcom News: As a rule, banks are always guarded against a run, and very much desire to have their customers continue their deposits, but the bank of Rosalia, located in a town by that name in Eastern Washington, has notified clients to withdraw their deposits without delay, as the bank is to close. Although the owner's name is Well he has poor health, which is assigned as the reason for going out of business.