Bank of Sundance (Sundance, WY)

Episode Information

Episode UID
4541289891123
Episode Type
Run → Suspension → Reopening
Bank Type
state
Bank ID
454128989 hash
Start Date
July 11, 1893
Location
Sundance, Wyoming (44.406, -104.376)

Metadata

Model
gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
6b6b55a27b5b9778

Response Measures

None

Events (2)
1. July 11, 1893 Run
Cause
Rumor Or Misinformation
Cause Details
A single frightened depositor triggered heavy withdrawals resulting in a run while funds were out on loan.
Measures
Depositors were paid in full; bank temporarily closed (suspended) and expected to resume business.
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 was compelled by a run precipitated by a frightened depositor leading to temporary inability to meet withdrawals.
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

Click image to open full size in new tab

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

Click image to open full size in new tab

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.