Wetzel County Bank - New Martinsville, WV

Bank Information

Episode Type: Run → Suspension → Closure
Bank Type: state
Start Date: October 17, 1921
Location: New Martinsville, West Virginia (39.645, -80.858)

Metadata

Model: gpt-5-mini
Short Digest: b788ed94

Response Measures

Full suspension

Other: Bank was closed by the state bank commissioner (government action). The article gives no indication of reopening or receivership at time of reporting.

Description

Article (The Wheeling Intelligencer, 1921-10-20) reports a run over the prior three days and that the state bank commissioner closed the bank yesterday. No reopening mentioned; closure issued by state authority implies permanent suspension/receivership.

Events (2)

1. October 17, 1921 Run

Cause Details: Article gives no specific trigger for withdrawals; simply reports heavy run over the prior three days.
Newspaper Excerpt: there has been such a run on the bank during the past three days in proportion in its business
Source: newspapers

2. October 19, 1921 Suspension

Cause: Government Action
Cause Details: Closed by the state bank commissioner (government action) after a run made it impossible to continue.
Newspaper Excerpt: WETZEL COUNTY BANK IS CLOSED BY STATE ... was closed yesterday afternoon by James S. Hill, state bank commissioner
Source: newspapers

Newspaper Articles (1)

1. October 20, 1921 The Wheeling Intelligencer Wheeling, WV

Article from The Wheeling Intelligencer, October 20, 1921

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Article Text

WETZEL COUNTY BANK IS CLOSED BY STATE The Wetzel County Bank at New Mar. tinsville. W. Va. was closed yesterday afternoon by James S. Hill, state bank commissioner. with headquarters as Charleston. According to Mr. Hill. there has been such a run on the bank during the past three days in proportion in its business that it was impossible for it to continue. This came as a great surprise to the people of New Martinsville Mr. HIII was unable to give out any information as to future developments.