Bank of Brownsville - Brownsville, OR

Bank Information

Episode Type: Suspension → Closure
Bank Type: state
Start Date: May 20, 1932
Location: Brownsville, Oregon (44.393, -122.985)

Metadata

Model: gpt-5-mini
Short Digest: 4e9e4e74

Response Measures

None

Description

Article states the bank closed its doors May 20, 1932 and is described as defunct. No run is mentioned. State bank superintendent and petition by depositors indicate a post-suspension receivership/administrative action; closure appears permanent.

Events (2)

1. May 20, 1932 Suspension

Cause: Government Action
Cause Details: Bank suspended/closed and state bank superintendent became involved; depositors later petitioned the court regarding preferred claims (indicates regulatory/receivership action).
Newspaper Excerpt: Prior to May 20, 1932, when the bank closed its doors, a number of depositors had paid their taxes ... when presented for payment were honored. Funds placed in the special bank account were not collected by the sheriff before the bank suspended.
Source: newspapers

2. April 7, 1933 Other

Newspaper Excerpt: The petition of F. M. Brown, W. J. Shelton and John Belts and other depositors of the defunct Bank of Brownsville ... was heard last Thursday by Judge L. G. Lewelling ... The judge took the case under advisement ... the state bank superintendent, who has refused to accept the claims as preferred claims.
Source: newspapers

Newspaper Articles (1)

1. April 7, 1933 Greater Oregon Albany, OR

Article from Greater Oregon, April 7, 1933

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Article Text

JERAWAYA WIDOW IN ADVENTURE FILM JUDGE HEARS BANK The petition of F. M. Brown, W. J. Shelton and John Belts and other depositors of the defunct Bank of Brownsville, paid their taxes either by direct check remittance to the county sheriff or through the sheriff's special tax collection fund to have preferred claims against the bank was heard last Thursday by Judge L. G. Lewelling in Department No. 2, circuit court for Linn county. The judge took the case under advistment, after hearing arguments by attorneys for the petitioners and for the state bank superintendent, who has refused to accept the claims as preferred claims. Prior to May 20, 1932, when the bank closed its doors, a number of depositors had paid their taxes by check, some by remitting their checks direct to the sheriff and some by paying them to the bank, which maintained tax collection fund in favor of the sheriff. The direct payment checks remained in the sheriff's office until after the bank suspended business and when presented for payment were honored. Funds placed in the special bank account were not collected by the sheriff before the bank suspended. J. K. Weatherford and J. R. Wyatt appeared for the petitioners and A. K. McMahan of Albany for the bank superintendent.