Bank of Douglas - Douglas, AZ

Bank Information

Episode Type: Suspension → Reopening
Bank Type: state
Start Date: March 1, 1933*
Location: Douglas, Arizona (31.345, -109.545)

Metadata

Model: gpt-5-mini
Short Digest: ec268fe1

Response Measures

None

Description

Article (El Paso Times, 1933-03-16) lists Bank of Bisbee among 18 Arizona banks that reopened March 15, 1933 after the presidential and gubernatorial proclamations (bank holiday). No run is mentioned; this is a suspension (bank holiday) followed by reopening. Bank charter type not explicit in text.

Events (2)

1. March 1, 1933* Suspension

Cause: Government Action
Cause Details: Closed due to the presidential and gubernatorial proclamations (bank holiday) in March 1933.
Newspaper Excerpt: Eighteen banks ... reopened in Arizona today ... resuming business since the presidential and gubernatorial holiproclamations.
Source: newspapers

2. March 15, 1933 Reopening

Newspaper Excerpt: Those reopening today were the Merchants and Miners bank of Bisbee; its Yuma branch, the Bank of Bisbee ... reopened in Arizona today bringing to twenty-two the number of financial institutions resuming business since the presidential and gubernatorial holiproclamations.
Source: newspapers

Newspaper Articles (1)

1. March 16, 1933 El Paso Times El Paso, TX

Article from El Paso Times, March 16, 1933

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Article Text

18 Banks Open Over Arizona Phoenix, Ariz., March 15 Eighteen banks, including six state, two national and nine branches of federal reserve member reopened in Arizona today bring to twentytwo the number of financial institutions resuming business since the presidential and gubernatorial holiproclamations. Of the 24 banks in the state only two remain closed state banking officials examining the conditions of these as quickly as they could get around them. Those reopening today were the Merchants and Miners bank of Bisbee; its Yuma branch, the Bank of Bisbee: Bank Douglas: the Bank of Clemenceau at Jerome: the Southern Arizona Bank and Trust company, state institutions, and the First National Bank of Nogales: Consolidated National Bank of Tucson, the First National Bank of Florence and the branches of the Valley Bank Trust comMesa, Glendale, Globe, Miami, Hayden, Prescott, Clifton, Ajo, Safford. Three federal reserve members and state bank reopened in Phoenix yesterday.