First National Bank - Conway, WA

Episode Information

Episode UID: 1198401599
Episode Type: Suspension → Closure
Bank Type: national
Bank ID: 119840 national
Charter Number: 11984
Start Date: March 1, 1933*
Location: Conway, Washington (48.340, -122.343)

Metadata

Model: gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest: cbe671ec983c44e6

Response Measures

None

Receivership Details

Date receivership started: 1934-01-30
Date receivership terminated: 1934-06-12

Description

Bank closed since Governor Martin's banking holiday (March 1933); receiver appointed and takeover arranged.

Events (7)

1. June 24, 1921 Chartered

Source: historical_nic

2. March 1, 1933* Suspension

Cause: Government Action
Cause Details: Closed following the state banking holiday declared by Governor Martin (March 1933)
Newspaper Excerpt: The Conway bank has been closed since bank holiday declared by Governor Martin
Source: newspapers

3. January 1, 1934* Receivership

Newspaper Excerpt: Shrauger named receiver about two months ago. Mount Vernon Bank May Take Over Conway Institution; Clyde Shrauger, receiver for the bank, made statements today.
Source: newspapers

4. January 30, 1934 Receivership

Source: historical_nic

5. March 29, 1934 Other

Newspaper Excerpt: Mount Vernon Bank May Take Over Conway Institution ... Plans of the First National bank in taking over the suming the will not be disclosed until the final transfer is made.
Source: newspapers

6. June 12, 1934 Restored To Solvency

Source: historical_nic

7. July 27, 1934 Voluntary Liquidation

Source: historical_nic

Newspaper Articles (1)

1. March 29, 1934 The Bellingham Herald Bellingham, WA

Article from The Bellingham Herald, March 29, 1934

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Article Text

Superior Northwest Washington DEPOSITORS TO GAIN Mount Vernon Bank May Take Over Conway Institution (Special to The Herald.) MOUNT VERNON, March That in the Conway National bank would realize one hundred cents the dollar was the made today Clyde Shrauger, receiver for the bank. owing to combined efforts of the stockholders of the closed bank and Receiver This the peothe whose money has been tied up in the Conway bank for more than year. In the deal which is about to be completed. to Mr. Shrauger, the closed taken by the First National bank this that the itors get more than in This amount and interest on time deposits will due course of time if the deal is finally consumated Plans of the First National bank in taking over the suming the will not be disclosed until the final transfer is made. The Conway bank has been closed since bank holiday declared by Governor Martin, which preceded bank proafter President took office more than year ago. Later was named the bank remained in this status for several during which efforts were made to organize. Shrauger named receiver about two months ago.