Lane County State & Savings Bank

Episode Information

Episode Type: Suspension → Closure
Start Date: February 20, 1927
Location: Florence, Oregon (43.983, -124.100)
Bank Type: savings

Metadata

Episode ID
Bank ID
City ID: 411142259

Model: gpt-5-mini
Short Digest

Events (2)

1. February 20, 1927 Suspension

Cause: Government Action
Cause Details: Bank had closed and a receiver (B. B. Brundage) was appointed to handle assets and pay depositors
Newspaper Excerpt: Lane County State and Savings bank at Florence, recently closed, and the interest to date ... sending these to B. B. Brundage the bank receiver
Source: newspapers

2. February 20, 1927 Receivership

Newspaper Excerpt: sending these to B. B. Brundage the bank receiver, she received in turn draft for the amount had on deposit by the county
Source: newspapers

Newspaper Articles (1)

1. February 20, 1927 The Register-Guard Eugene, OR

Article from The Register-Guard, February 20, 1927

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Article Text

COUNTY GETS ITS

CASH ON DEPOSIT IN FLORENCE BANK RECEIVED

Sum Is $9105.94, Plus $24.95 Interest at Two Per Cent on Daily Balances

Lane county has received the $9105.94 which it had on deposit in the Lane County State and Savings bank at Florence, recently closed, and the interest to date, amounting to $24.95 at two per cent on daily balances, according to Mrs. Grace Schiska, county treasurer. The treasurer held securities to the amount of $9500 owned by the bank and sending these to B. B. Brundage the bank receiver, she received in turn draft for the amount had on deposit by the county, plus the interest. The securities given by the bank

Episode Information

Metadata

Events (2)

Newspaper Articles (1)

Article Text

COUNTY GETS ITS

Bank runs are almost always and everywhere a deterioration of bank fundamentals.

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