18353. First National Bank (North Bend, OR)

Bank Information

Episode Type
Suspension → Reopening
Bank Type
national
Bank ID
9328
Charter Number
9328
Start Date
August 15, 1933
Location
North Bend, Oregon (43.407, -124.224)

Metadata

Model
gpt-5-mini
Short Digest
746784c1

Response Measures

None

Description

Newspaper items (Aug 15–16, 1933) report that reorganization plans for the First National Bank of North Bend were rejected by the Comptroller and that new plans were being formulated to obtain a license to reopen. No run is described in the articles; the action is regulatory. I classify this as a suspension with intent/effort to reopen (suspension_reopening).

Events (3)

1. January 26, 1909 Chartered
Source
historical_nic
2. August 15, 1933 Suspension
Cause
Government Action
Cause Details
Reorganization plans rejected by the Comptroller of the Currency; bank is preparing new plans to submit to the Treasury for a license to reopen.
Newspaper Excerpt
PLANS FOR NORTH BEND BANK REOPENING REJECTED Washington, Aug. -(U.P)-Reorganization plans for the First National bank of North Bend, Ore., have been rejected by the comptroller of the currency
Source
newspapers
3. April 24, 1934 Voluntary Liquidation
Source
historical_nic

Newspaper Articles (2)

Article from The Bulletin, August 15, 1933

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Article Text

Washington County bank at Burns. suspension extended until August 30. Bank of Beaverton. suspension extended until August 30. Bank of Sellwood at Portland. suspension extended until August 30 Eastern Oregon Banking Co. at Shaniko, suspension extended to September Coolidge & McClaine bank at Silverton, suspension extended until September 11. In addition to these extensions, orders were issued authorizing additional releases of deposits in three as follows: Albany State bank. an additional release of per cent deposits in the commerc department effective August 18, making total unrestricted dpeosits the commercial department of 15 per cent and in savings department of 10 per cent Washington County bank, an additional release 5 per cent of all deposits effective August 21, making total unrestricted balance of 20 per cent in both departments Bank of Sellwood, an additional release of 10 per cent of deposits in the savings department effectvie August making total unrestricted balance in the savings department of 20 per cent and in the commercial department of 10 per cent. Washington. Aug. organization plays for the First National bank of North Bend, Ore., have been rejected by the comptroller of the currency, the United Press learned today The bank, was understood, at present formulating new to be submitted to the treasury department so that it may be granted license to reopen.


Article from The Oregon Daily Journal, August 16, 1933

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Article Text

for riods of restriction of nine Oregon banks announced Tuesday by Bank Superintendent A. A. Schramm. Previous restrictions expired last night. The banks are: Albany State bank suspension extended August Bank of Amity, suspension extended September Aumsville State bank, suspension extended until September 11. Washington County bank at Banks, suspension extended until August 30. Bank Beaverton. suspension extended until August 30. Bank of Sellwood Portinad suspension extended until August Eastern Oregon Banking company at Shaniko suspension extended to September 11. Coolidge & McClaine bank at Silverton, suspension extended until September In addition to these extensions. ordreleases of deposits in three banks, as follows: Albany State bank. An additional release deposits in the commercial effective August 18. making total deposits in the department 15 per cent and in savings depart10 per bank, an additional release of cent. of deposits effective 21, total unrestricted balance of 20 per cent. in both Bank of Sellwood. An additional release of 10 per cent of deposits in the department effective August 18, total unrestricted the department of 20 per cent. and in the commercial department of 10 per cent. PLANS FOR NORTH BEND BANK REOPENING REJECTED Washington, Aug. -(U.P)-Reorganization plans for the First National Bank of North Bend, have been rejected by the of the currency, the United Press learned The bank. it was understood. at present new plans be submitted to the treasury department so that it may be granted a 11cense to