23124. Citizens Bank (Weston, WV)

Bank Information

Episode Type
Suspension → Closure
Bank Type
state
Start Date
October 13, 1931
Location
Weston, West Virginia (39.038, -80.467)

Metadata

Model
gpt-5-mini
Short Digest
6a254cd8

Response Measures

None

Description

Multiple newspapers (Oct 13, 1931) report the Citizens Bank of Weston was closed by its directors to conserve assets and identified as a state institution. No explicit description of a depositor run is given and there is no mention of reopening or receivership — classified as a suspension that led to closure (suspension_closure).

Events (1)
1. October 13, 1931 Suspension
Cause Details
Directors voluntarily closed the bank to conserve assets; identified as a state institution. No explicit run or government takeover mentioned.
Newspaper Excerpt
Grafton Bank and Trust Company Grafton and the Citizens Bank Weston closed to conserve assets the directors announced They were state institutions.
Source
newspapers

Newspaper Articles (3)
1. October 13, 1931 The Evening Journal Wilmington, DE
Article from The Evening Journal, October 13, 1931

Click image to open full size in new tab

Article Text

TRUST CLOSES AT COATESVILLE Banks at Manayunk and Roxborough Near Phila. Fail to Open SEVERAL IN OTHER STATES ARE CLOSED COATESVILLE Oct 13 Trust Company failed to business today affairs placed the hands the State Departm of Banking bank statement listed deposits $1,011,000 and resources of PHILADELPHIA 13 The Manayunk Company and Roxborough Trust Company, comin closed their doors Cet The First National Bank and Trust Company here closed its doors today. notice signed by the board directors said was necessary protect depositors following recent heavy withdrawals of deposits. WESTMONT Oct 13 The National Bank closed its doors to business today Its deto the last public REVERE Mass 13 The Company did for no run bank today until the bank affixed door the public was any change in the The began busi- CHARL Va Oct 13 Three banks closed and suspension business Second National Bank that city without banking stitution Grafton Bank and Trust Company Grafton and the Citizens Bank Weston closed to conserve assets the directors announced They were state institutions.

2. October 13, 1931 Sun-Journal Lewiston, ME
Article from Sun-Journal, October 13, 1931

Click image to open full size in new tab

Article Text

THREE W. VIRGINIA BANKS ARE CLOSED CHARLESTON, Oct. West Virginia banks closed and with the sus. pension business the Second National Bank of Morgantown, was left without banking The Grafton Bank and Trust Citizens' Bank Weston closed conserve assets, the directors announced. They were State The Morgantown bank had cap. $250,000 deposits 900,000. Grafton had $100,000 and deposits of $784,294.

3. October 13, 1931 The World-News Roanoke, VA
Article from The World-News, October 13, 1931

Click image to open full size in new tab

Article Text

National Bank and Trust Company Total deposits Three Banks Charleston, Second National Bank Grafton Bank Citizens Bank, Weston, closed bridge, National Bank. Gary, and the deposits, Anaposits, Bank of Oct Bristow banking State that the Keysville closed by its board