1058501570 105850
national
197f07147d2468f7Full suspension
Other: Directors turned the bank over to federal authorities / placed in receivership/conservatorship to conserve remaining assets.
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RUN CLOSES BANK AUBURN, Wash., October 28 (P).The First National Bank of Auburn closed yesterday after a five-day run by depositors. Bad loans were reported by owners of the bank stock to have caused the directors to turn the bank over to the Federal authorities to conserve remaining assets. The First National, founded two decades ago, had assets of $890,000. Depositors withdrew $50,000 Saturday, directors said.
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Auburn Bank Closes After Five-Day Run AUBURN, Washington, Oct. 28.+ The First National Bank of Auburn has closed after a five-day run by depositors. Bad loans are reported by the stock owners and this caused the Directors to turn the bank over to the Federal authorities. The assets are $890,000.
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FIVE-DAY RUN CLOSES BANK IN WASHINGTON By Associated Press. October The First Bank Auburn closed today after five-day run by depositors. Bad loans were reby the stock to to the over the federal itles to conserve the remaining asThe First National. founded two decades ago, had $830,000. withdrew Saturday,
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RUN CLOSES BANK AUBURN Wash., October 28 (A).The First National Bank of Auburn closed yesterday after five-day run by depositors. Bad loans were reported by owners of the bank stock to have caused the directors to turn the bank over to the Federal authorities to conserve remaining assets. The First National, founded two decades ago, had assets of $890,000. Depositors withdrew $50,000 Saturday, directors said.
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Ex-Bank Employes Indicted By Jury SEATTLE, Dec. Phillips, former cashier the Auburn National Bank, and Ellam Reilley, former assistant cashier of the First National Bank of Auburn, were held here today on indictments by the federal secret grand jury, charged with embezzlement of funds from their respective banking The First National closed its doors October 17 after heavy and its had been interests were acquired by the Auburn National.
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MADE RECEIVER FOR TWO BANKS McLean, receiver the Washington National bank has appointed the First National of Auburn the Enumclaw bank, according Tacoma Saturday. succeeds W. Douglass, federal bank receiver, who has transferred to Sacramento liquidate the California National bank. McLean formerly was cashier of the Auburn National He assumed of the affairs the Auburn and Enumclaw banks Saturday. He will continue be n charge liquidation the Washington National bank here.
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THE COUNTY BLOTTER Patnts U. S. A. to Walter J. Fleming, SW4NW4: N2SW4: SE4SW4:S2SE4 Sec. 1;NW4NE4: NE4NW4 Sec. 12, Twp. 31, Range 25. Deeds Ralph Ames, et ux to A. Hutchison, 1 acre in Lot 3, Sec. 2-34-21. Elgin Land Co. to Walter E Clarkson, Tract 33, Gregory Tracts $450. Cecil E. Robinson to Cord J. McGraw, Lot 16, Block 4, Pratt's Center Add. to Molson, $100. H. H. Teague et ux to Abner Meinke, Lot 2, Block 10, Malott, $200. Margaret Piper, et vir to BilesColeman Lbr. Co., E2NE4: SE4 and E2SW4 Sec. 23-34-29, $1. S. W. Shafer, et ux to Frank Therriault. .208 ac in SW4NW4 Sec. 2-34-21. $10. Winfield A. McLean, Receiver of First Nat. Bank, Auburn, to F. W. Pein, E2, E2NW4: E2SW4 Sec. 36-