Lane County State & Savings Bank

Bank Information

Episode Type: Suspension → Closure
Bank Type: savings bank
Start Date: February 1, 1927*
Location: Florence, Oregon (43.983, -124.100)

Metadata

Model: gpt-5-mini
Short Digest: 544e3769

Response Measures

None

Description

Article (Register-Guard, 1927-02-20) states the Lane County State and Savings Bank at Florence was recently closed and that a receiver (B. B. Brundage) was handling affairs and returning county deposits. No mention of a depositor run in the provided text — closure with receiver indicates a suspension leading to permanent closure/receivership.

Events (2)

1. February 1, 1927* Suspension

Cause: Government Action
Cause Details: Bank had been closed and a receiver (B. B. Brundage) appointed to handle assets and pay depositors
Newspaper Excerpt: Lane County State and Savings bank at Florence, recently closed
Source: newspapers

2. February 20, 1927 Receivership

Newspaper Excerpt: sending these to B. B. Brundage the bank receiver, she received in turn draft for the amount had on deposit by the county, plus the interest.
Source: newspapers

Newspaper Articles (1)

1. February 20, 1927 The Register-Guard Eugene, OR

Article from The Register-Guard, February 20, 1927

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Article Text

COUNTY GETS ITS CASH ON DEPOSIT IN FLORENCE BANK RECEIVED Sum Is $9105.94, Plus $24.95 Interest at Two Per Cent on Daily Balances Lane county has received the $9105.94 which it had on deposit in the Lane County State and Savings bank at Florence, recently closed, and the interest to date, amounting to $24.95 at two per cent on daily balances, according to Mrs. Grace Schiska, county treasurer. The treasurer held securities to the amount of $9500 owned by the bank and sending these to B. B. Brundage the bank receiver, she received in turn draft for the amount had on deposit by the county, plus the interest. The securities given by the bank