Stockgrowers State Bank

Bank Information

Episode Type: Suspension → Reopening
Bank Type: state
Start Date: February 1, 1921*
Location: Saratoga, Wyoming (41.455, -106.806)

Metadata

Model: gpt-5-mini
Short Digest: b24d7228

Response Measures

None

Description

Article (The Saratoga Sun, 1921-02-17) states the Stockgrowers State Bank recently suspended operations pending a reorganization and will reopen on Feb 28, 1921 under new management/backing. No run or receivership is mentioned.

Events (2)

1. February 1, 1921* Suspension

Cause Details: Suspended pending a reorganization; difficulties to be removed and bank taken over by wealthy local men and new management
Newspaper Excerpt: the bank recently suspended operations pending a reorganization
Source: newspapers

2. February 28, 1921 Reopening

Newspaper Excerpt: the bank will reopen for business on Monday morning, February 28. The bank recently suspended operations pending a reorganization...the institution would re-open with strong financial backing and a complete reorganization.
Source: newspapers

Newspaper Articles (1)

1. February 17, 1921 The Saratoga Sun Saratoga, WY

Article from The Saratoga Sun, February 17, 1921

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Article Text

Bank Will Resume Business Feb. 28 Intervening Week to Be Devoted to a Reorganization-Will Be Managed by Fred H. Healey. At 3:30 this afternoon The Sun received announcement from Fred H. Healey and M. B. McKillip, who are in Cheyenne on business connected with the Stockgrowers State Bank of this city, to the effect that the bank will reopen for business on Monday morning, February 28. The bank recently suspended operations pending a reorganization, and Mr. Healey, cashier of the Encampment State Bank, and other wealthy and influential men have now arranged to take over the institution. The message stated that the bank's difficulties have been removed and that the institution would re-open with strong financial backing and a complete reorganization. All of next week will be devoted to the necessary arrangements for the re-opening and the continuance of the large business handled by this institution. Mr. Healey, who is classed as a bank er of exceptional ability, will have charge of the bank, and the cashier and other officials will be selected during the coming week.