15909. Bank of Commerce (Eugene, OR)

Bank Information

Episode Type
Suspension → Closure
Bank Type
state
Start Date
April 1, 1932*
Location
Eugene, Oregon (44.052, -123.087)

Metadata

Model
gpt-5-mini
Short Digest
b9382a94f71971c2

Response Measures

None

Description

Articles report the Bank of Commerce (Eugene, OR) was taken over by the state banking department for liquidation in April 1932 and a receiver was later active (1933) recovering assets. No newspaper text describes a depositor run prior to suspension. OCR errors in Article 1 (missing words/numbers) were corrected where obvious; dates inferred from publication dates and article text.

Events (2)
1. April 1, 1932* Suspension
Cause
Government Action
Cause Details
Taken over by the state banking department for liquidation (state superintendent involved).
Newspaper Excerpt
BANK CLOSES EUGENE, April The Bank Commerce, established more than 20 years ago, today was taken over state banking department liquidation.
Source
newspapers
2. March 23, 1933 Receivership
Newspaper Excerpt
Receiver of Commerce Co. Moves To Recover Large Assets ... the Eugene Bank of Commerce, which closed its doors in April, 1932, is alleged civil action filed ... Percy W. Brown, receiver for the Commerce company, asking for order recover assets ... .
Source
newspapers

Newspaper Articles (2)
1. April 4, 1932 The Evening Herald Klamath Falls, OR
Article from The Evening Herald, April 4, 1932

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Article Text

BANK CLOSES EUGENE, April The Bank Commerce, established more than 20 years ago, today was taken over state banking department liquidation. The bank has 2,000 commercial accounts and about savings accounts. Schramm, state superintendent banks, said more than per cent the total assets Eugene tied by the up closing bank.

2. March 23, 1933 The Eugene Guard Eugene, OR
Article from The Eugene Guard, March 23, 1933

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Article Text

CHARGED DEFUNCT Receiver of Commerce Co. Moves To Recover Large Assets Fraud in making transfers of mortgages, notes. cash and other assets of the Commerce company the Eugene Bank of Commerce, which closed its doors in April, 1932, is alleged civil action filed in circuit court Percy W. Brown, receiver for the Commerce company, asking for order recover assets which. alleged, righ "ly belong to the Commerce compa. The Commerce company subsidiary the Bank of Commerce, had the same officers and directors the bank and transacted its business in the with the bank. In the petition is charged that Rorer. president. cashier. and and R. Collins, employes of the bank, were parties to these allegedly fraudulent transactions. Brown. receiver for the Comasks that the total alleged to held illegally. $9624.77 in cash, $1943.20 allegedly unlawfully collected. and insurance policies claimed as property of the company be returned to the company and that State Bank Superintendent Schramm enjoined from declaring any dividends to the bank depositors the case heard in court. The petition cites one case an allegedly fraudulent operation. wherein on Sept. 1930. Rorer Tiffany caused to be paid to the commercial