Citizens Bank (Beckley, WV)

Episode Information

Episode UID
8574184891297
Episode Type
Run โ†’ Suspension โ†’ Unsure
Bank Type
state
Bank ID
857418489 hash
Start Date
January 13, 1908
Location
Beckley, West Virginia (37.778, -81.188)

Metadata

Model
gemini-3-flash-preview (chosen from majority vote of a three-model LLM ensemble)
Short Digest
5f7c5994caa1f96b

Response Measures

None

Description

The bank closed on Tuesday, January 21, 1908, following a run that began the previous week. While officers reported the suspension was temporary, no specific reopening date is confirmed in the provided text.

Events (3)

1. January 13, 1908 Run
Cause
Rumor Or Misinformation
Cause Details
Rumors regarding the cashier's absence and wild stories circulated while he was in Richmond seeking cash.
Random Run
Yes
Random Run Snippet
rumors of cashier's absence and wild stories circulated; run renewed Monday
Measures
Cashier went to Richmond to secure additional cash to meet withdrawals.
Newspaper Excerpt
A little run last week brought its available cash below the legal reserve
Source
newspapers
2. January 21, 1908 Suspension
Cause
Rumor Or Misinformation
Cause Details
A run made by depositors, fueled by rumors and the bank's low cash reserve, caused the suspension.
Newspaper Excerpt
The Citizen Bank of Beckley, which closed its doors Tuesday, is still in the hands of Commissioner Matthews.
Source
newspapers
3. January 30, 1908 Other
Newspaper Excerpt
The suspension of the Citizens' Bank of Beckley... is reported to be only temporary by the officers. The directors are trying to arrange matters so that the bank may resume.
Source
newspapers

Newspaper Articles (10)

Article from New-York Tribune, January 23, 1908

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Article Text

WEST VIRGINIA BANK CLOSED. Huntington, W. Va., Jan. 22.-The Citizens' Bank at Beckley, near here. closed its doors to-day. and is in charge of Banking Commissioner Matthews. It is said a run made by depositors caused the suspension. The capital stock is $100,000.


Article from Daily Press, January 23, 1908

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Article Text

Huntington, W. Va., Bank Fails. HUNTINGTON. W. VA. Jan. 22The Citizens bank at Beckley. near here. closed its doors today and is in charge of Banking Commissioner Sam V. Mathews. It is said a run made bv the depositors caused the suspension. The capital stock is $100,000.


Article from The Montgomery Advertiser, January 23, 1908

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Article Text

West Virginia Bank Closes. Huntington, W. Va., Jan, 22.-The Citizens' Bank at Beckley, near here, closed its doors today and is in charge of Banking Commissioner Sam V, Matthews. It is said a run made by depositors caused the suspension. The capital stock is $100,000.


Article from The Daily Sentinel, January 23, 1908

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Article Text

RUN ON A BANK (By Associated Press.) Huntington, W. Va., Jan. 23.--The Citizens' Bank at Beckley, near here, closed its doors yesterday and is in charge of the banking commissioners. It is said that a run made by depositors caused the suspension. The capital stock of the bank is $100,000.


Article from Bluefield Evening Leader, January 23, 1908

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Article Text

CITIZENS BANK STILL CLOSED BECKLEY INSTITUTION SOLVENT, BUT CANNOT RAISE MONEY. The Citizen Bank of Beckley, which closed its doors Tuesday, is still in the hands of Commissioner Matthews. The bank had on deposit about $260,000 and in the effort to accommodate its customers its funds were loaned pretty close. A little run last week brought its available cash below the legal reserve and the cashier went to Richmond Sunday where he got enough cash, as he thought, to tide them over. Rumors of his absence got afloat, however, wild stories were circulat and on Monday the run was renewed. The directors are trying to arrange matters so that the bank may resume. The First National Bank had a small run, but it was able to meet it, and all danger is past so far as it is concerned. Its deposits amount to over $600,000, and it is regarded as one of the strongest institutions in the state.


Article from The Daily Telegram, January 23, 1908

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Article Text

BANK CLOSES HUNTINGTON, Jan. 23.-The Citizens Bank at Beckley, near here, closed its doors today and is in charge of Bank Commissioner Samuel v. Matthews. It is stated a run made by depositors caused the suspension. The capital stock is $100,000.


Article from The Calhoun Chronicle, January 28, 1908

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Article Text

The first bank in West Virginia that closed its doors on account of the present panic was the Ci-izens bank of Beckley, near Huntington, which went into the hands of Examiner Mathews last week. A run on the bank by depositors caused the trouble.


Article from The Daily Telegram, January 30, 1908

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Article Text

The suspension of the Citizens' Bank of Beckley, which closed its doors a few days ago, is reported to be only temporary by the officers.


Article from The Daily Telegram, January 30, 1908

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Article Text

# STATE NEWS No further spread of the smallpox is reported at Parsons. Mayor A. E. Fredlock is a candidate for re-election at Elkins. The Black Hand society has made its advent in Randolph county. Friday night the Ohio University basket ball team will play the Y. M. C. A. team at Parkersburg. Wyoming county is having considerable controversy over the location of a site for a new court house. John H. Dillard, member of the house of delegates from Mercer county, has announced his candidacy for the Republican nomination for attorney general. Xiltha, the four-year-old daughter of Mr. and Mrs. Andrew Williams was burned to death at Huntington Monday. Her clothes caught fire from an open grate. From 18 inches to two feet of snow is reported from a number of the towns in the eastern mountain districts of the state. A State Forestry Association has been organized at Morgantown, with J. H. Stewart, director of the State Experiment Station, as the head. News of the death of Rev. J. T. Marley, a former Episcopal minister of Morgantown, at Townson, Md., on Friday, has just been received. The suspension of the Citizens' Bank of Beckley, which closed its doors a few days ago, is reported to be only temporary by the officers. The B. & O. is again endeavoring to have the negro named Ben Maupins arrested in connection with the murder of its operator at Clarington. From Parkersburg and Grafton come reports that the B. & O. shops have been closed, and nothing is known as to when they will resume. The West Virginia Veneer Door Co., of Parkersburg, has gone into liquidation, W. W. Waterson, P. O. Whitlock and George P. Morgan, trustees.


Article from Martinsburg Herald, February 1, 1908

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Article Text

racing circuit will be held at the Waldo hotel, Clarksburg, this week. John H. Dillard, member of the house of delegates from Mercer county, has announced his candidacy for the republican nomination for attorney general. From 18 inches to two feet of snow is reported from a number of the towns in the eastern mountain districts of the state. A state forestry association has been organized at Morgantown, with J. H. Stenart, director of the state experiment station, at the head. The suspension of the Citizens' Bank of Bekeley, which closed its doors a few days ago, is reported to be only temporary by the officers. The Baltimore and Ohio is again endeavoring to save the negro named Ben Maupins arrested in connection with the murder of its operator at Clarington. From Parkersburg and Grafton comes reports that the Baltimore and Ohio shops have been closed, and nothing is known as to when they will resume.