First National Bank - Pendleton, OR

Bank Information

Episode Type: Run Only
Bank Type: national
Bank ID: 2630
Charter Number: 2630
Start Date: *
Location: Pendleton, Oregon (45.672, -118.789)

Metadata

Model: gpt-5-mini
Short Digest: cf2417ed8ce25ac8

Response Measures

No run

Description

Article (1904-09-23) recounts a past sensational failure by the cashier of the First National Bank of Pendleton that threw Umatilla county into a partial panic. The piece describes an adverse bank-specific scandal/failure and resulting local panic but gives no dates, no mention of a formal suspension or receivership, and no later reopening/closure details. Classified as a run-only episode driven by bank-specific adverse information.

Events (3)

1. February 16, 1882 Chartered

Source: historical_nic

2. February 1, 1932 Voluntary Liquidation

Source: historical_nic

3. * Run

Cause: Bank Specific Adverse Info
Cause Details: Sensational failure of the bank's cashier (alleged embezzlement/insolvency) that caused a partial panic in Umatilla County.
Newspaper Excerpt: the departed cashier of the First National bank of Pendleton, the man whose sensational failure for over $200,000 a year or so ago threw Umatilla county into a partial panic.
Source: newspapers

Newspaper Articles (1)

1. September 23, 1904 The Evening Statesman Walla Walla, WA

Article from The Evening Statesman, September 23, 1904

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Article Text

TO PAY HUSBAND'S DEBT MRS. C. B. WADE OF PENDLETON UNDERTAKES A VERY HARD TASK. Will Attempt to Earn Sufficient Money to Release Her Husband From Responsibilty. Humbly working as a clerk in the ladies' department of the People's Warehouse at Pendleton, in order that from her $10-a-week pittance she may save enough to release her absent husband from a $14,000 responsibility, is a woman who, until a few months ago, was president of the State Federation of Women's clubs, a leader in Oregon society, and wife of a man then reputed one of the wealthy operators of the country. The woman is Mrs. C. B. Wade, wife of the departed cashier of the First National bank of Pendleton, the man whose sensational failure for over $200,000 a year or SO ago threw Umatilla county into a partial panic. All the way from Honolulu, where Mr. and Mrs. Wade went after the crash that wrecked her husband's fortunes, Mrs. Wade came, asking his creditors if he might return to Pendleton. They told her, it is said, that until the obligation relating to the Craig estate, involving $14,000, was settled, Wade could not return. It looked like an immense sum to the once wealthy woman, but she bravely set to work to meet it. At $10 a week, were she to devote every cent of her salary to this purpose, she would be 27 years paying off the alleged debt. If she were to devote to it only what she could save after supporting herself, it would take the plucky woman half a century to bring her husband back. Just where Wade is now no one seems to know. He left Pendleton and went to Honolulu. There they remained for about three months, when they returned to San Francisco, and about two months ago Wade was seen in Los Angeles. There is no alarm over his return to the United States, and his enemies say they will remain passive as long as he does not attempt to return to Pendleton. But Pendleton has been the home of Mrs. Wade for so many years that she cannot enluro the enforced exile of her husband.