Butler Banking Company - Hood River, OR

Bank Information

Episode Type: Run → Suspension → Closure
Bank Type: state
Start Date: February 3, 1932
Location: Hood River, Oregon (45.705, -121.521)

Metadata

Model: gpt-5-mini
Short Digest: eac150be

Response Measures

Full suspension, Books examined

Other: State authorities took the bank's affairs into their hands; negotiations with First National bank were underway but failed to prevent closing.

Description

Article (The Capital Journal, 1932-02-04) describes an incipient run that began earlier in the week, directors and federal examiners deciding the bank should not open; affairs placed in hands of the state and negotiations with First National unsuccessful. Classified as a run that led to suspension and effective closure/receivership.

Events (3)

1. February 3, 1932 Run

Cause Details: Article mentions an 'incipient run' beginning earlier in the week but gives no specific trigger (rumor or bank-specific problem not stated).
Measures: Negotiations with First National Bank were under way to protect deposits but failed to save the Butler Banking Company.
Newspaper Excerpt: An incipient run which started early the week reached such proportions Wednesday
Source: newspapers

2. February 4, 1932 Receivership

Newspaper Excerpt: its affairs in the hands of the state ... negotiations with the First National bank had been under way ... but failed in time to save the Butler [Banking Company].
Source: newspapers

3. February 4, 1932 Suspension

Cause: Government Action
Cause Details: Directors and federal bank examiners decided the bank should not open and placed its affairs in the hands of the state after the run.
Newspaper Excerpt: failed open for business today and its affairs in the hands of the state ... directors [and] federal bank examiners decided ... the bank should not open today.
Source: newspapers

Newspaper Articles (1)

1. February 4, 1932 The Capital Journal Salem, OR

Article from The Capital Journal, February 4, 1932

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Article Text

RUN SHUTS BANK AT HOOD RIVER Hood River, Ore., Butler for 30 years in business in Hood River county, failed open for business today and its affairs in the hands of the state An incipient which started carly the week reached such portions Wednesday directors federal bank examiners decided protect remaining the bank should not open today. Savings accounts reported fully counts will out on assets after Butler bank did about half the business for the the valley its closing will many Negotiations with the First National bank had been under way several days, but failed in time to save the Butler The First National bank was today Blanchar, its presisaid prepared to meet any emergency. indications bank had been manifest