23219. Bank of Sundance (Sundance, WY)

Bank Information

Episode Type
Run → Suspension → Reopening
Bank Type
state
Start Date
July 11, 1893
Location
Sundance, Wyoming (44.406, -104.376)

Metadata

Model
gpt-5-mini
Short Digest
5bf10fc6

Response Measures

Full suspension

Description

Newspaper reports (Jul 11, 1893) state a frightened depositor precipitated a run which forced the Bank of Sundance to suspend; articles say the banks will resume business shortly, indicating a suspension followed by planned reopening.

Events (2)
1. July 11, 1893 Run
Cause
Rumor Or Misinformation
Cause Details
A single frightened depositor triggered a run/panic among depositors leading to heavy withdrawals.
Measures
None specified beyond closing/suspending operations; article notes depositors will be paid in full and banks expected to resume business shortly.
Newspaper Excerpt
A frightened depositor caused a run on the banks at a time when most of their money was outstanding.
Source
newspapers
2. July 11, 1893 Suspension
Cause
Rumor Or Misinformation
Cause Details
Closure/suspension was a direct consequence of the run caused by a frightened depositor; temporary suspension with intention to reopen.
Newspaper Excerpt
The Bank of Sundance, Wyo., ... were compelled to close their doors today. It is said the banks will resume business shortly.
Source
newspapers

Newspaper Articles (2)
1. July 12, 1893 St. Paul Daily Globe Saint Paul, MN
Article from St. Paul Daily Globe, July 12, 1893

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Article Text

Two Banks Suspend. Special to the Globe. DEADWOOD, S. D., July 11.-The Bank of Sundance, Wyo., and the Bank of New Castle, Wyo., were compelled to close their doors today. It is said the banks will resume business shortly. A frightened depositor caused a run on the banks at a time when most of their money was outstanding. Depositors will be paid in full.

2. July 19, 1893 Morris Tribune Morris, MN
Article from Morris Tribune, July 19, 1893

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Article Text

THE WEEK'S NEWS. Wednesday, July 12. Corbett and Jackson have agreed to meet in June, 1894. The Terre Haute (Ind.) Car Works company is in financial trouble. Banke at Sundance and New Castle, Wy., have been compelled to suspend. The Lake Superior Mineral Paint works at West Superior burned Tuesday. Damage, $100,000. Kansas miners have determined to continue their strike. It is said Governor Lewelling will furnish them with tents to live in. A meeting of the executive committee of the Iron Hall was held at Indianapolis. It was determined to resume business as soon as possible. One million bushels of grain came to Kingston, Ont., from the West last week. The receipts were the largest ever received there in one week, and as a result many of the large grain carriers are lying there waiting to be unloaded.