First National Bank (Manville, WY)

Episode Information

Episode UID
1135201487
Episode Type
Run β†’ Suspension β†’ Closure
Bank Type
national
Bank ID
113520 national
Charter Number
11352
Start Date
November 29, 1923
Location
Manville, Wyoming (42.779, -104.618)

Metadata

Model
gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
dac7ddf3fa0403a3

Response Measures

Accommodated withdrawals, Borrowed from banks or large institutions, Full suspension, Books examined

Receivership Details

Depositor recovery rate
59.0%
Date receivership started
1923-12-11
Date receivership terminated
1927-03-21
OCC cause of failure
Economic conditions
Share of assets assessed as good
47.9%
Share of assets assessed as doubtful
23.8%
Share of assets assessed as worthless
28.3%

Description

Used government-record receivership date (1923-12-11) as authoritative for closure.

Events (5)

1. May 16, 1919 Chartered
Source
historical_nic
2. November 29, 1923 Run
Cause
Rumor Or Misinformation
Cause Details
Unspecified rumor that the bank 'was not safe' spread through the community, prompting heavy withdrawals (~$7,000).
Measures
Funds were sent from Lusk banks to cover withdrawals; bank opened next morning.
Newspaper Excerpt
A rumor ... caused quite a run on the bank Thursday ... It is estimated that about $7,000 was paid out during the run.
Source
newspapers
3. December 11, 1923 Receivership
Source
historical_nic
4. December 11, 1923 Receivership
Source
newspapers
5. December 11, 1923 Suspension
Cause
Government Action
Cause Details
National bank examiners were investigating the institution; bank failed to open and was placed under official action (receivership).
Newspaper Excerpt
The First National Bank of Manville failed to open its doors for business, but it is understood that the suspension may only be temporary.
Source
newspapers

Newspaper Articles (3)

Article from News Letter Journal, November 29, 1923

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Article Text

BIG RUN FAILS TO BREAK MANVILLE NATIONAL BANK A rumor that the First National bank of Manville, Wyoming, was not safe and was liable to go under at any time caused quite a run on the bank Thursday, says the Manville News. Money was sent over from Lusk and the bank weathered the first day's run very nicely. It is estimated that about $7,000 was paid out during the run. No one seems to know how the rumor started. There was very little excitement about the affair. Word from one to another was passed and it was soon known all over the community that a run was being made on the bank. The bank opened as usual Friday morning and it seemed as though the run had been broken.


Article from Daily Drovers Journal-Stockman, November 30, 1923

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Article Text

Run on Bank at Manville Fails to Close Doors Manville, Wyo., Nov. 30.β€”(Special.)β€”The doors of the First National bank here were "crashed" several days ago when the rumor spread that the institution was wabbly. Depositors dragged away about $7,000 during the day but there were still a few coppers in the vaults when evening came. This was due to the fact that a call was made on Lusk banks and they sent over funds enough to keep the ship from sinking. The next morning the First National unbolted its portals and with apparent calmness faced the world. The run, or gallop, was at an end and, according to the latest information, the bank still manages to cover checks.


Article from News Letter Journal, December 20, 1923

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Article Text

LATE NEWS From All Over WYOMING Ysaac Rodiquez, Mexican, was fatally injured when a Union Pacific locomotive ran over his legs. The accident took place just outside of the roundhouse building in Cheyenne. Albert B. Bartlett, Platte county rancher and state geologist, has added to the already wide scope of his activities by taking over the poultry department of the Wyoming Stockman-Farmer. The first annual Wyoming State Corn Show, held in connection with the four county corn show of the Big Horn Basin, made its initial bow to the people of Wyoming at Worland last week. Bert Vetter, arrested in Laramie as head of an alleged horse stealing band operating in Wyoming and Colorado, pleaded guilty in District Court and was sentenced to from two to five years in state prison. Trainmen of the Union Pacific are considering adopting gas masks as a part of their equipment, just as they have overalls and jumpers, at least, those whose runs take them through Aspen tunnel, between Carter and Evanston. Orin Leseberg, 13-year-old son of Mr. and Mrs. Henry Leseberg, was shot and almost instantly killed by his brother Merle at their home on North Fork near Lander, as the boys were preparing to start on a rabbit hunt, each equipped with a .22 rifle. John Mast, who claims to be the youngest Grand Army man with the possible exception of a veteran in Iowa, was elected post commander of Custer Post No. 1, department of Colorado and Wyoming. Mast was born Jan. 4, 1849, and entered the Union army in June, 1863. Custer post has only fifteen living members out of nearly a hundred. The son of a deceased veteran acts as adjutant. Pine Bluffs' new fire truck was given its first test a few days ago when a call came from the Stevens residence, the fire being in a shed. The volunteer department made short work of the fire. As a result of the installation of the modern fire equipment and fire siren, insurance rates have been reduced from 10 to 25 per cent, which will pay for the fire equipment in a few years. A special from Washington to the Laramie Republican-Boomerang gives the center of population of the state of Wyoming as ten miles northeast of Oil City, Natrona county. Since 1880 the state's center of population has moved steadily northward from a point four miles south of Leo Carbon county. The exact geographical center of the state is given at fifty-eight miles northeast of Lander. Al Huniker, alleged member of the Bert Vetter gang of horse thieves, pleaded not guilty to horse stealing at Laramie and was held in $2,500 bail for appearance in the District Court. Vetter is under sentence to the penitentiary. C. T. Farthing of Fremont county identified ten more head of horses as having been stolen from his ranch near Lander within the last few months. The horses had been purchased from Vetter by an innocent party. Dates for the Mid-Winter Fair and Wyoming State Potato Show at Pine Bluffs have been set for Jan. 31 and Feb. 1 and 2. A comprehensive program is now being arranged for the three days. County Agent Zeiger estimates there will be 2,000 visitors from outside this community during the exhibit. With the fine crop of corn and potatoes, and the increased interest in poultry, it is believed the show will be much bigger and better than last year. There seems to be a slack demand for coal from Rock Springs mines at present and a number of the properties are working short time, while another mine has shut down during the past week, the Gunn-Quealy property, at Gunn, where 165 men were laid off indefinitely, awaiting heavier orders for the product. "Let me go up there and serve his sentence and let him have his freedom," is the request in a letter to Gov. William B. Ross by an 18-year-old Green River girl, whose brother is serving a term in the state penitentiary at Rawlins, after being convicted of manslaughter. The girl asserts that her brother is innocent of the crime and that an investigation would reveal such. The First National Bank of Manville failed to open its doors for business, but it is understood that the suspension may only be temporary. As a natural consequence to the run made on this bank a couple of weeks ago, national bank examiners are investigating the affairs of this institution and it is said that in all probability it will again be open for business in a few days. B. G. Clark, bridge worker for the Burlington railroad, who was found shot to death a short distance from the depot at Thermopolis, came to his death by suicide, according to the verdict of a coroner's jury, which heard evidence adduced at the inquest. At the Olaf Nelson tie camp in the Bear Lodge near Sundance, Lewis Carey was instantly killed by a falling tree. Carey was employed in cutting ties and from appearances his life was crushed out instantly when he was caught between tree and stump