Bank of Forest Grove - Forest Grove, OR

Bank Information

Episode Type: Suspension → Closure
Bank Type: state
Start Date: June 19, 1897
Location: Forest Grove, Oregon (45.520, -123.111)

Metadata

Model: gpt-5-mini
Short Digest: 8693cbb1

Response Measures

None

Description

Article (June 19, 1897) reports the bank in hands of assignees and a missing banker (Anton Pfanner), with assets and liabilities detailed. This indicates the bank suspended and is in receivership/assignments (permanent closure). No run is mentioned.

Events (2)

1. June 19, 1897 Receivership

Newspaper Excerpt: Today the asignees of the bank of Forest Grove made the following statement of the bank's condition... There is no news of the missing banker, Anton Pfanner.
Source: newspapers

2. June 19, 1897 Suspension

Cause: Bank Specific Adverse Info
Cause Details: Bank placed in hands of assignees; missing banker (Anton Pfanner) and questionable collateral/discounts indicated solvency problems.
Newspaper Excerpt: Today the asignees of the bank of Forest Grove made the following statement of the bank's condition: Assets, $48,390.79...
Source: newspapers

Newspaper Articles (1)

1. June 20, 1897 The Daily Morning Astorian Astoria, OR

Article from The Daily Morning Astorian, June 20, 1897

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Article Text

THE FOREST GROVE BANK. Forest Grove, Or., June 19.-Today the asignees of the bank of Forest Grove made the following statement of the bank's condition: Assets, $48,390.79, but of that amount $8,373.15 is questionable collateral and discounts. Liabilities, including claims presented against the bank to this date, amount to $41,424.85. There is no news of the missing banker, Anton Pfanner.