Mount Scott State Bank - Portland, OR

Bank Information

Episode Type: Suspension → Closure
Bank Type: state
Start Date: April 29, 1911
Location: Portland, Oregon (45.523, -122.676)

Metadata

Model: gpt-5-mini
Short Digest: 5dfbfe8b

Response Measures

None

Description

Article reports the Mt. Scott bank went into the hands of a receiver and the former president was captured; no mention of a depositor run. This indicates suspension followed by receivership (permanent closure). Date inferred from article dateline April 29, 1911.

Events (3)

1. April 29, 1911 Receivership

Newspaper Excerpt: Mt. Scott bank, which went into the hands of a receiver, ... F. N. Meyers, former president of the Mt. Scott bank, which went into the hands of a receiver, who is wanted on a felony charge ... was returned to Portland from Montana where he was captured ...
Source: newspapers

2. April 29, 1911 Suspension

Cause: Government Action
Cause Details: Bank placed in hands of a receiver following failure of a project by its president and his alleged felony; bank suspended operations and was taken into receivership
Newspaper Excerpt: Mt. Scott bank, which went into the hands of a receiver
Source: newspapers

3. * Other

Newspaper Excerpt: F. N. Meyers, former president ... was returned to Portland from Montana where he was captured on a ranch by police officials. Meyers refused to talk concerning the charge.
Source: newspapers

Newspaper Articles (1)

1. May 1, 1911 Daily Capital Journal Salem, OR

Article from Daily Capital Journal, May 1, 1911

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Article Text

ABSCONDING BANKER RETURNED TO PORTLAND [UNITED PRESS LEASED WIRE.] Portland, Ore., April 29.-F. N. Meyers, former president of the Mt. Scott bank, which went into the hands of a receiver, who is wanted on a felony charge in connection with the failure of one of his projects, was returned to Portland from Montana where he was captured on a ranch by police officials. Meyers refused to talk concerning the charge.