Harney Peak Bank (Hill City, SD)

Episode Information

Episode Type
Suspension โ†’ Closure
Start Date
January 1, 1900*
Location
Hill City, South Dakota (43.932, -103.575)
Bank Type
state

Metadata

Notes

Bank suspended in Hill City and relocated/reopened in Keystone under a new name.

Events (1)

1. January 1, 1900* Suspension
Cause
Voluntary Liquidation
Cause Details
Directors moved the bank to Keystone due to insufficient business in Hill City and the railroad terminus being at Keystone.
Newspaper Excerpt
The Harney Peak bank at Hill City suspended business last Saturday and moved to Keystone, where it opened its doors to the public under the name of the Keystone bank on the first inst.
Source
newspapers

Newspaper Articles (2)

Article from Custer Weekly Chronicle, January 6, 1900

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Article Text

The Harney Peak bank at Hill City suspended business last Saturday and moved to Keystone, where it opened its doors to the public under the name of the Keystone bank on the first inst. The reason given for its removal is that there is not enough business to support a bank at Hill City and one at Keystone. The building of the B. & M. to the laiter place made it necessary for the directors to choose between the two places. and as Keystone will be the terminus of the road it was thought best to make the change.


Article from Custer Weekly Chronicle, January 6, 1900

Click image to open full size in new tab

Article Text

The Harney Peak bank at Hill City suspended business last Saturday and moved to Keystone, where it opened its doors to the public under the name of the Keystone bank on the first inst. The reason given for its removal is that there is not enough business to support a bank at Hill City and one at Keystone. The building of the B. & M. to the latter place made it necessary for the directors to choose between the ta a places, and as Keystone will be the terminus of the road it was thought best to make the change.