First State Bank - Douglas, WY

Bank Information

Episode Type: Suspension → Closure
Bank Type: state
Start Date: November 13, 1931
Location: Douglas, Wyoming (42.760, -105.382)

Metadata

Model: gpt-5-mini
Short Digest: ad81c1ea

Response Measures

None

Description

Article states the First State Bank of Douglas failed to open its doors November 13th and was voluntarily closed by action of the board of directors. No run occurred and no reopening is mentioned; classified as a suspension that resulted in closure (voluntary).

Events (1)

1. November 13, 1931 Suspension

Cause: Voluntary Liquidation
Cause Details: Board of directors decided bank would not open on November 13; voluntary closure despite prior apprehension about economic conditions
Newspaper Excerpt: the First State Bank of Douglas failed to open its doors November 13th. No active run on the bank was experienced. Rather, it was voluntarily closed by action of the board of directors
Source: newspapers

Newspaper Articles (1)

1. November 19, 1931 The Colony Coyote and the Alzada Fairplay Alzada, MT

Article from The Colony Coyote and the Alzada Fairplay, November 19, 1931

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Article Text

DOUGLAS BANK CLOSES Wyoming's first bank failure in three years was recorded here today when the First State Bank of Douglas failed to open its doors November 13th. No active run on the bank was experienced. Rather, it was voluntarily closed by action of the board of directors it was announced. In banking circles there has been some apprehension as to whether the First State of Douglas would be able to withstand the present economic state of things, but it was nonetheless with an element of surprise that it was learned that directors of the institution decided that the bank would not open Friday morning. The bank's deposits usually ran about $300,000. Capitalization of the institution was for $50,000. Ray Tierney was its president.-Wyoming Eagle.