Citizens Bank & Trust Company

Bank Information

Episode Type: Suspension → Closure
Bank Type: trust company
Start Date: November 30, 1923
Location: Bisbee, Arizona (31.448, -109.928)

Metadata

Model: gpt-5-mini
Short Digest: 0b06fe7d

Response Measures

None

Description

Article states the Citizens' Bank and Trust Company closed its doors in Bisbee and a receiver was appointed for the bankrupt institution; no run is mentioned. The piece discusses sale of collateral (Mohave county courthouse bonds) by the state treasurer to satisfy a state deposit. Exact date of suspension/closure not provided beyond the article date (1923-11-30).

Events (3)

1. November 30, 1923 Other

Newspaper Excerpt: These bonds have just been sold by Treasurer Wayne Hubbs to a Prescott bank at a premium of $200.
Source: newspapers

2. November 30, 1923 Receivership

Newspaper Excerpt: That amount in excess of the state's claim for principal and interest will be turned over to the receiver of the bankrupt institution.
Source: newspapers

3. * Suspension

Cause: Bank Specific Adverse Info
Cause Details: Bank closed and was declared bankrupt, indicating insolvency leading to suspension/closure.
Newspaper Excerpt: When the Citizens' Bank and Trust company closed its doors in Bisbee, it carried a state deposit of $7200...
Source: newspapers

Newspaper Articles (1)

1. November 30, 1923 The Coconino Sun Flagstaff, AZ

Article from The Coconino Sun, November 30, 1923

Click image to open full size in new tab

Article Text

DEFUNCT BANK'S COLLATERAL IS SOLD AT NICE PREMIUM When the Citizens' Bank and Trust company closed its doors in Bisbee, it carried a state deposit of $7200, secured by deposit with the state treasurer of $8,000 par value of Mohave county courthouse bonds. These bonds have just been sold by Treasurer Wayne Hubbs to a Prescott bank at a premium of $200. That amount in excess of the state's claim for principal and interest will be turned over to the receiver of the bankrupt institution.