Junction City State Bank - Junction City, OR

Bank Information

Episode Type: Suspension → Closure
Bank Type: state
Start Date: February 12, 1932
Location: Junction City, Oregon (44.219, -123.206)

Metadata

Model: gpt-5-mini
Short Digest: 5a28f692

Response Measures

None

Description

Multiple contemporaneous articles (Feb 12–13, 1932) report the Junction City State Bank temporarily suspended operations pending a state banking department examination immediately after the cashier was arrested on charges of issuing checks with insufficient funds and alleged theft/embezzlement. No article in the provided set reports a depositor run or a reopening; given the criminal charges and suspension for examination, I classify this as suspension leading to closure (suspension_closure). If later reopening or receivership information exists outside these clippings, the classification may change.

Events (1)

1. February 12, 1932 Suspension

Cause: Bank Specific Adverse Info
Cause Details: Cashier arrested on charges of issuing checks with insufficient funds and alleged misappropriation/theft of bank/state banking funds; suspension ordered pending state banking department examination.
Newspaper Excerpt: The Junction City State bank suspended operations temporarily Thursday pending an examination by the state banking department.
Source: newspapers

Newspaper Articles (4)

1. February 12, 1932 The Oregon Daily Journal Portland, OR

Article from The Oregon Daily Journal, February 12, 1932

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Article Text

Bank Suspends; Cashier Arrested Eugene, Feb. 12. The Junction City State bank suspended operations temporarily Thursday pending an examination by the state banking department. Shortly before this action cashier of the bank was arrested in Eugene by state police on charge of issuing check with insufficient funds. Arraigned in justice court here, he was bound over to the grand jury and released on $1500 ball. The bank was closed an order on of board of directors signed by

2. February 12, 1932 Baker City Herald Baker City, OR

Article from Baker City Herald, February 12, 1932

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Article Text

LANE BANK CLOSES Feb. The Junction City State bank temporarily suspended operations Thursday pending an examination by the state banking department. PARIS, Feb. Five sons have died in northern France within the past 24 hours of unusualcold

3. February 13, 1932 East Oregonian Pendleton, OR

Article from East Oregonian, February 13, 1932

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Article Text

BANK TO BE EXAMINED Eugene, Feb. Junction City State bank temporarily suspended operations Thursday pending examination by the state banking department.

4. March 18, 1932 The Capital Journal Salem, OR

Article from The Capital Journal, March 18, 1932

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Article Text

Eugene, Ore., March Mogensen, ex-cashier of the Junction City bank, faces six charges charge state banking funds following his arrest here last night. The largest sum involved in Mo$8500 which when given by and Mrs. for the chase before grand jury indicates warrants were never purchased. Another charge involved the leged theft of $1555.77 the cashier for purchase bonds by Beck Mapleton. In another alleges Mogen$500 guaranty trust bond without her authority. Mogensen's arrest followed the issuing $1200 without ficient Within hours after arrest the temporbusiness was turned the bank examiner.