First State Bank - Gresham, OR

Bank Information

Episode Type: Suspension → Reopening
Bank Type: state
Start Date: December 1, 1932*
Location: Gresham, Oregon (45.498, -122.431)

Metadata

Model: gpt-5-mini
Short Digest: 6664841d

Response Measures

None

Description

The article (Feb 12, 1933) states the First State Bank in Gresham 'failed ... 26 last' (an OCR'd month omitted) and that a new state charter has been granted and the bank 'will open' under a new name. There is no mention of a depositor run; this is a suspension/failure followed by planned reopening under state charter. Date of failure in text is unclear (OCR 'ber 26 last'); I conservatively record the suspension in late 1932 as a month-approximation. No receivership mentioned in the excerpt.

Events (2)

1. December 1, 1932* Suspension

Cause: Bank Specific Adverse Info
Cause Details: Article states the First State Bank 'failed' on '...26 last' (late 1932); no run or external cause described.
Newspaper Excerpt: The latter failed ber 26 last, since time has banking be like an old friend after absence, renew acquaintances.
Source: newspapers

2. February 12, 1933 Reopening

Newspaper Excerpt: A new name selected for the bank First will open in Gresham the state charter granted. will be known as the Bank of ... The latter failed ... since time has banking be like an old friend after absence, renew acquaintances. The name pleases Gresham people ... Henry Rodgers, who will be cashier and manager, regarded as 'comer' banking circles his selection to head ...
Source: newspapers

Newspaper Articles (1)

1. February 12, 1933 The Sunday Oregonian Portland, OR

Article from The Sunday Oregonian, February 12, 1933

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Article Text

WOMEN SHREWD INVESTORS STOCK STATISTICS SHOW Survey of Largest American Corporations Shows Number of Women Owning Shares Averages Almost One to Every Two Men. BY LEON B. BAKETEL, Editor, like dabble in stocks Women no about that wherever finds two "playing the market" one in the same although she may not evidence That women are holders of by survey just stocks completed 40 of stockholders of the largest American corporations to be en. The exact average shown 40.4 per women stockholders ranged from per cent as high 49 cent. women stockholders panies appeared Texas company Of there 664 ing shares 163 180 women shares, 21.96 available figures. Highest percentage was in the case of National Biscuit company, which women up per of the stockholders the largest utility companies in the world could not furnish figures estimated it had more but women stockholders than leading steel of stockholders of March, 1932, there were 83,815 women who owned the corporation, 36.6 per cent of the total number. An interesting point in proportion- 1931 the ate holdings United Gas Imsaid stated in the annual report for the the number common year 1930, stockholders as of February 10, February 1932 was 77,595. this to which 46.8 cent women hold ing 405 shares, or 20.7 per cent the Standard Oil company of Indiana had 270 women as 1931, compared with June in December Last available 36 per cent of the shareholders are women. This company had 102,814 stockholders as last 15. large oil company reported 50,612 stockholders ber 15 last, or approximately 36 per Women are large holders of rail road shares, figures The had stockholders as of January Of this number, 108,201 were women, 19 per cent total They held of that of the date the total stock and the holding 39 In large midwest was shares. railroad system, 47 per of stockholders are 46 per cent of stock holders of of the elecare women and tric companies other line women stockholders total 43 per fact which gives an indication which women are investors revealed a statement from the statistical division, bureau revenue, Washing September 1932. Individual for incomes more than having net $500,000 numbered returns, 932: returns of men, 254, and single women rives making returns totaled 303. Figures out at that time that on all incomes of more than $10,000, total of 374,032 taxpayers made up this class, of which one-sixth women. The investor's dollar today will buy per cent more assets, 152.5 per cent more surplus and 21.4 per cent than 1926 ing to an analysis of 35 grade stocks by and of York. comparison above ures with the investment power of the dollar in 1929 showed that at dollar purchase per cent in assets, 55.4 per in and in earnings as compared with 1926. "When will business return to 1929 level?" is question asked nearly day. The Hamilton of New "does to the 1929 level until 1936, if then,' quote from an article just received. But it does believe that definite rein factory output now slow bases forecast thusly trend manufacturing during the last five months of represented the beginning of definite recovery. as probable, the rate of expansion during this period may be used as basis in calculating the future trend The average gain month during the latter part 1932 1.6 points. At this rate of recovery, high point reached June, 1929. be regained in March, index of factory output declined 1929 to in 1930, to in 1931. and to 63 in 1932. At the calculated rate of recovery the annual index would rise from in 1932 to 95 1934 and to in 1935 probcourse, trend of show more less variation from mechanical program and that factory may be postponed beyond March 1936. A new name selected for the bank First will open in Gresham the state charter granted. will be known as the Bank of This is an old, familiar people. They had Bank of 1910 1932, when merged with the First State bank. The latter failed ber 26 last, since time has banking be like an old friend after absence, renew acquaintances. The name pleases Gresham people sound institution, with the First National in this city, and under its watchful constantly. Henry Rodgers, who will be cashier and manager, regarded as "comer" banking circles his selection to head the garded as promotion. insist that the products of no other the premises. not the language of the court, but in findings. The was brought the Associated Oil company, which the won appeal to the court. Giannini, chairman of the board Bank has 110 intention as has been ther from Mr. said During proxy battle pledged myself to and promote the interests the aand my pledge. My done, and talk about E. A. Pierce, head of E Pierce & had this about in believe plan for relief of cotton in and practically that more promising and any production but also from temporarily the and controlled understand, to about 000 Enactment of the be and ought result in substant market advance The supreme court of California handed down a of farimportance held that an oil company sell its products on property which has acquired leasehold has to right