Commercial Savings Bank

Bank Information

Episode Type: Suspension → Closure
Bank Type: savings bank
Start Date: December 28, 1894
Location: Spokane, Washington (47.659, -117.426)

Metadata

Model: gpt-5-mini
Short Digest: 720fdbca

Response Measures

None

Description

Article (Seattle PI, 1894-12-29) reports the Commercial Savings Bank (private, capital $50,000) suspended payment Dec 28, 1894 and describes diminished deposits and the bank as gone. No run is described and no reopening is reported; classify as suspension leading to closure.

Events (1)

1. December 28, 1894 Suspension

Cause: Bank Specific Adverse Info
Cause Details: Deposits had dwindled to a small sum; bank appears insolvent leading to suspension of payments.
Newspaper Excerpt: Spokane's Only Savings Bank Gone ... The Commercial Savbank, a private institution, with capital of $50,000, suspended payment Dec. 28.
Source: newspapers

Newspaper Articles (1)

1. December 29, 1894 The Seattle Post-Intelligencer Seattle, WA

Article from The Seattle Post-Intelligencer, December 29, 1894

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Article Text

Spokane's Only Savings Bank Gone bokane, Dec. 28-The Commercial Savbank, a private institution, with expital of $50,000, suspended payment tow. is y. John Wickham was president, D. McDonald cashier. The deposits had indied to a small sum. It was the only savings bank in Spokane, Three national banks remain. John Wickham, of Reardon. the prestent, and D. K. McDonald, the cashier, with J. C. Keeler, of Almira: Charles V. Washin, of Spokane, and George E. Edmiston are the directors. The last offistatement, issued October 2 was as Mows: Loans, $49,145: cash and exchange, $32,464; profits, $5,915; deposits,