First Willapa Harbor National Bank (Raymond, WA)

View Charter #11672 on SPMC View balance sheet

Episode Information

Episode Type
Suspension → Closure
Start Date
February 3, 1932
Location
Raymond, Washington (46.686, -123.733)
Bank Type
national
Charter Number
11672
Alt. names
First National Bank

Metadata

Episode ID
Bank ID
City ID
531507743
Model
gpt-5-mini
Short Digest

Receivership Details

Depositor recovery rate
86.5%
Date receivership started
1932-02-03
Date receivership terminated
1938-10-15
Share of assets assessed as good
25.7%
Share of assets assessed as doubtful
70.0%
Share of assets assessed as worthless
4.3%

Notes

Receivership date (1932-02-03) is known; later articles (1932–1935) reference the bank as closed and in receivership.

Events (4)
1. April 9, 1920 Chartered
Source
historical_nic
2. February 3, 1932 Receivership
Newspaper Excerpt
closed First Willapa Harbor National bank, secured by the proofs of claim...to be redeemed on payment of the first dividend by the bank receiver.
Source
newspapers
3. February 3, 1932 Receivership
Source
historical_nic
4. June 6, 1932 Other
Newspaper Excerpt
Raymond's oyster money issued this week ... clearing house certificate ... secured by the proofs of claim ... to be redeemed on payment of the first dividend by the bank receiver.
Source
newspapers

Newspaper Articles (3)
1. June 6, 1932 The News Tribune Tacoma, WA

Article Text

$5,000 "OYSTER MONEY" IN USE

RAYMOND, June 6.-About $5,000 of Raymond's "oyster money' 'is now circulation, and merchants of the city reported having received considerable amounts during the last few days on accounts and for new purchases, Every retailer in the community. with the exception one small house, has accepted the "oyster money," it was reported, but it developed that a few jobbers and wholesalers were refusing to accept from the retailers. Merchants at the meeting, however, have agreed to support those wholesale houses which were assisting them. Raymond's "oyster money, issued this week, is in effect clearing house certificate, issued to individuals to the amount of 10 per cent of hteir deposits in the closed First Willapa Harbor National bank, secured by the proofs of claim. and to be redeemed in on payment of the first dividend by the bank receiver.

2. October 2, 1935 The Nespelem Tribune Nespelem, WA
Article from The Nespelem Tribune, October 2, 1935

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Article Text

THE COUNTY BLOTTER

### Deeds

County Treasurer to Okanogan Irrigation District, SW4SW4NE4, Sec. 26-34-26, $103.68.

Same to same, Lot 2, Sec. 6-34-27, $243.58.

Same to same, Tax Nos. 9 and 10, part of SW4SW4, Sec. 8-33-26, $87.75.

Silver & Furey, Inc., to Mary Helm, Tax No. 5, part of NE4NE4, Sec. 16-37-27; part of SE4NE4 less platted part, lying north of highway No. 28 in Sec. 16-37-27, $10.

Sterling T. Monroe, et ux to James L. Turpen, et ux, Lot 1, Block 8, Home Add. to North Alma, Okanogan, $1.

Robert L. Picken, et ux to F. J. May, West 75 ft. of Lots 19, 20, 21, 22, Block 5, Tonasket.

T. E. Collier, et ux to Kathereen A. Broder, Lots 13, 14, 15, Block 83, An Addition to Oroville, $1.

John Armstrong, et ux to Charles V. East, one-half interest in W2SE4, Sec. 1-39-28, $200.

Estate of M. J. Miller to Ben Brown, part of SW4SW4, Sec. 7-33-22, North of Twisp Valley St. Road and South of center line of Twisp rives; west of Rock Point, $3101.50.

Lewis H. St. John, et ux to Ade Utt, E2SE4: S2NE4 Sec. 32-36-30.

County Treasurer to Clair Ward, NW4SW4SE4:, Sec, 7-33-26.

Lee Hunter to The Gamble Lumber Co. Tax No. 5 of NE4NW4 Sec. 18-31-24, $1.

Everett C. Miller, et ux to J. J. Kelley, Lots 16, 17, Block I, River Addition to North Alma, Okanogan, $500.

Sheriff to Receiver of First Willapa Harbor National Bank of Raymond, Lots 12 and 13, Block "B"; Lots 11-12-13, Block "C" of Ellis-Forde Orchard Co.'s Plat No. 1, $9609.67.

D. B. Fletcher to A. M. Benson, Lots 8-9, Block 24, Second Add. to

3. December 30, 1935 The Daily Olympian Olympia, WA

Article Text

BANK RECEIVER SUED

TACOMA, Dec. 30.—(AP)—Fred M. Bond, Pacific county attorney, filed suit in federal district court here today against John H. Cole, receiver of the First Willapa Harbor National Bank of Raymond, and Fred Eichner, trustee of stockholders in the First National Bank of Raymond, for $2,419.11.

The attorney declared the money was due for professional services rendered the First National Bank prior to merger of the two banks.