Bank of Bowie - Bowie, AZ

Bank Information

Episode Type: Suspension → Closure
Bank Type: state
Start Date: *
Location: Bowie, Arizona (32.326, -109.487)

Metadata

Model: gpt-5-mini
Short Digest: fc1ba49e

Response Measures

None

Description

Newspaper (Feb 4, 1915) states the bank at Bowie failed recently and gives deposits as of Oct 1, 1914; no mention of a run. Classification: suspension/closure (failure) with bank-specific insolvency likely due to very small deposits/assets.

Events (2)

1. * Other

Newspaper Excerpt: The two Arizona banks which have failed recently are the smallest in the state (refers to Bowie and Parker).
Source: newspapers

2. * Suspension

Cause: Bank Specific Adverse Info
Cause Details: Bank failure/insolvency due to very small deposit base and likely inadequate capital/earnings; bank closed (failed) recently before Feb 4, 1915).
Newspaper Excerpt: The bank at Bowie had deposits of only $12,338.11 on October 1, 1914... The bank at Parker ... The deposits of these banks were probably much smaller at the time they closed.
Source: newspapers

Newspaper Articles (1)

1. February 4, 1915 Arizona Sentinel and Yuma Weekly Examiner Yuma, AZ

Article from Arizona Sentinel and Yuma Weekly Examiner, February 4, 1915

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Article Text

SUSPENDED BANKS SMALLEST IN STATE The Tucson Citizen says:-"The two Arizona banks which have failed recently are the smallest in the state and their failure did not even cause a a ripple in financial circles," said prominent local banker today. "The bank at Bowie had deposits of only $12,338.11 on October 1, 1914. It was the third smallest in the state. The bank at Parker had deposits of $7,926.18 on October 1, 1914, and was the second smallest. The deposits of "these banks were probably much smaller at the time they closed. No bank can be run at a profit on deposits in this amount. It takes at least $35,000 in combined capital and deposits to make a bank pay expenses and then the management has to watch loans carefully."