Bank of Commerce - Eugene, OR

Bank Information

Episode Type: Suspension → Closure
Bank Type: state
Start Date: April 4, 1932
Location: Eugene, Oregon (44.052, -123.087)

Metadata

Model: gpt-5-mini
Short Digest: 446bd27a

Response Measures

None

Description

OCR-corrected bank name to 'Bank of Commerce' (article printed 'Bank Commerce'). Article states the bank was taken over by the state banking department for liquidation on April 4, 1932. No run or depositor panic is mentioned; action appears to be government takeover/liquidation.

Events (2)

1. April 4, 1932 Receivership

Newspaper Excerpt: today was taken over state banking department liquidation. Schramm, state superintendent banks, said ... up closing bank.
Source: newspapers

2. April 4, 1932 Suspension

Cause: Government Action
Cause Details: Taken over by the state banking department for liquidation (state superintendent Schramm announced takeover).
Newspaper Excerpt: BANK CLOSES EUGENE, April The Bank Commerce ... today was taken over state banking department liquidation.
Source: newspapers

Newspaper Articles (1)

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.