Citizens State Bank

Bank Information

Episode Type: Suspension → Closure
Bank Type: state
Start Date: November 1, 1921*
Location: Upton, Wyoming (44.100, -104.628)

Metadata

Model: gpt-5-mini
Short Digest: 432f4bd4

Response Measures

None

Description

Article (Nov 11, 1921) reports that the Citizens State Bank of Upton closed their doors last week. No run on the Upton bank is described and no reopening is mentioned. The article gives more detail about a run at Moorcroft, but provides no cause for the Upton closure; therefore classified as a suspension (closure) with unknown cause.

Events (1)

1. November 1, 1921* Suspension

Cause Details: Article states the Upton bank closed their doors last week but gives no specific cause for the suspension/closure.
Newspaper Excerpt: The Citizens State Bank of Upton and the Peoples Bank of Moorcroft both closed their doors last week
Source: newspapers

Newspaper Articles (1)

1. November 11, 1921 The Powder River County Examiner and the Broadus Independent Broadus, MT

Article from The Powder River County Examiner and the Broadus Independent, November 11, 1921

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Article Text

PEOPLES BANK OF MOORCROFT FAILS The Citizens State Bank of Upton and the Peoples Bank of Moorcroft both closed their doors last week, says the News: Acording to the in. formation given out, the Moorcroft bank was in excellent condition at the time of suspension: the cause of its failure was a run on the bank. In a period of ten days $24,000 was drawn out, the reserve dwindling to less than 7 per cent. In all probability the bank will be opened in the near future as Moorereft has no bank at all just now. Confidence is what is most needed in the future business outlook of the country; with confidence, we are told, the second bank failure in Mocreroft could have been avoided.