The Harney Peak Bank suspended at Hill City and immediately moved its operations to Keystone, reopening as the Keystone Bank. No run or panic is mentioned; the change was voluntary due to insufficient business after the railroad reached Keystone. Dates inferred from the paper: suspension last Saturday (relative to Jan 6, 1900) and reopening on Jan 1, 1900.
Events (2)
1.December 30, 1899Suspension
Cause
Voluntary Liquidation
Cause Details
Directors suspended Hill City operations because there was not enough business to support banks at both Hill City and Keystone after the railroad reached Keystone; they chose to move operations to Keystone.
Newspaper Excerpt
The Harney Peak bank at Hill City suspended business last Saturday and moved to Keystone
Source
newspapers
2.January 1, 1900Reopening
Newspaper Excerpt
moved to Keystone, where it opened its doors to the public under the name of the Keystone bank on the first inst.
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.
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.
