First Bank - Skagway, AK

Bank Information

Episode Type: Suspension → Closure
Bank Type: private
Start Date: June 7, 1906
Location: Skagway, Alaska (59.458, -135.314)

Metadata

Model: gpt-5-mini
Short Digest: 61fe2e556254fbb6

Response Measures

None

Description

Article (The Daily Alaskan, 1906-06-07) reports final winding up of the First Bank of Skagway and discharge of receiver John G. Price (receiver appointed spring 1899). No run or reopening mentioned; bank remained in receivership and was closed permanently with creditors paid 27%.

Events (1)

1. June 7, 1906 Receivership

Newspaper Excerpt: The receivership of the First Bank of Skagway has been finally wound up in the district court and the receiver discharged. John G. Price, the receiver, presented his final account ... The creditors were paid 27 per cent of their claims.
Source: newspapers

Newspaper Articles (1)

1. June 7, 1906 The Daily Alaskan Skagway, AK

Article from The Daily Alaskan, June 7, 1906

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Article Text

OUT OF WAY First Bank of Skagway is Now History The receivership of the First Bank of Skagway has been finally wound up in the district court and the receiver discharged. John G. Price, the receiver, presented his final account at the present term of court. It was approved Tuesday by Judge Gunnison and the order made discharging Mr. Price. Mr. Price was made receiver of the First Bank of Skagway in the spring of 1899. His task was one of great difficulties. The creditors and debtors of the institution were widely scattered over the country. The creditors were paid 27 per cent of their claims.