Brookings State Bank - Brookings, OR

Bank Information

Episode Type: Suspension → Closure
Bank Type: state
Start Date: May 24, 1933
Location: Brookings, Oregon (42.053, -124.284)

Metadata

Model: gpt-5-mini
Short Digest: b1b1e4e3

Response Measures

None

Description

Article (May 24, 1933) reports the Brookings State Bank in liquidation with a receiver (Roy H. Mills) distributing dividends on accounts. No mention of a depositor run; bank is in receivership and liquidating, so classified as suspension leading to closure/receivership.

Events (2)

1. May 24, 1933 Receivership

Newspaper Excerpt: liquidation the Brookings State bank receiver, Roy H. Mills states that he expects shortly declare dividend on the savings accounts, and this will be followed little later by still further dividend on the same counts.
Source: newspapers

2. May 24, 1933 Suspension

Cause: Government Action
Cause Details: Bank is in liquidation and placed in receivership (receiver Roy H. Mills overseeing dividends).
Newspaper Excerpt: liquidation the Brookings State bank receiver, Roy H. Mills states that he expects shortly declare dividend on the savings accounts
Source: newspapers

Newspaper Articles (1)

1. May 24, 1933 The World Coos Bay, OR

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Article Text

Bank Brookings Dividend to May Returning week from visit Brookings connection with the liquidation the Brookings State bank receiver, Roy H. Mills states that he expects shortly declare dividend on the savings accounts, and this will be followed little later by still further dividend on the same counts. Within few weeks later he anticipates being able to make dividend on the commercial accounts. A total 60 per cent already has been paid on the commercial account, with 35 per cent having been paid on the savings. Mr. Mills says that business conditions seem to be on the upgrade in the Brookings