Citizens State Bank - Gillette, WY

Bank Information

Episode Type: Suspension → Closure
Bank Type: state
Start Date: September 1, 1921*
Location: Gillette, Wyoming (44.291, -105.502)

Metadata

Model: gpt-5-mini
Short Digest: 60affb79

Response Measures

None

Description

Article (Casper Daily Tribune, 1923-09-09) reports the Citizens' State Bank of Gillette had been closed two years earlier and is in receivership paying dividends. No run is mentioned. The closure is permanent (receiver distributing dividends), so classify as suspension leading to closure. Date of original closure is not given exactly in the article; it says closed two years ago (circa Sept 1921).

Events (2)

1. September 1, 1921* Suspension

Cause: Bank Specific Adverse Info
Cause Details: Bank was closed (failure) approximately two years before the article; placed in receivership and has been paying dividends.
Newspaper Excerpt: Depositors in the late Citizens' State bank of Gillette, will receive another dividend ... since the bank was closed two years ago.
Source: newspapers

2. September 9, 1923 Receivership

Newspaper Excerpt: Fourth Dividend Declared ... according to an announcement made yesterday by Judge H. P. Ilsley of the district court ... This will be the fourth dividend of 10 per cent since the bank was closed two years ago. Receiver
Source: newspapers

Newspaper Articles (1)

1. September 9, 1923 Casper Daily Tribune Casper, WY

Article from Casper Daily Tribune, September 9, 1923

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Article Text

Fourth Dividend Declared GILLETTE - Depositors in the late Citizens' State bank of Gillette, will receive another dividend of 10 per cent about October 10, according to an announcement made yesterday by Judge H. P. Ilsley of the district court, This will be the fourth dividend of 10 per cent since the bank was closed two years ago. In all probability, still another dividend will be made early in the year 1924, so that by that time those who suffered losses will have received half of the money they had on deposit. This is much better than was expected in the beginning. Receiver