18401. Portland Savings Bank (Portland, OR)

Bank Information

Episode Type
Suspension → Closure
Bank Type
savings bank
Start Date
March 20, 1901
Location
Portland, Oregon (45.523, -122.676)

Metadata

Model
gpt-5-mini
Short Digest
62f37fae

Response Measures

None

Description

Articles indicate the Portland Savings Bank was in receivership (receiver Richard Nixon) and the receiver was selling bank-owned real estate. No mention of a depositor run or reopening; thus classified as suspension leading to closure/receivership (government action).

Events (3)

1. March 20, 1901 Receivership
Newspaper Excerpt
Richard Nixon, receiver of the Portland Savings Bank, was in the city yesterday.
Source
newspapers
2. March 20, 1901 Suspension
Cause
Government Action
Cause Details
Bank placed in receivership; a receiver (Richard Nixon) is acting for the Portland Savings Bank.
Newspaper Excerpt
Richard Nixon, receiver of the Portland Savings Bank, was in the city yesterday.
Source
newspapers
3. April 20, 1901 Other
Newspaper Excerpt
Receiver of the Portland Savings Bank to L B Bignold, lots ... (real estate transfer listed for week ending April 20).
Source
newspapers

Newspaper Articles (3)

Article from The Morning Astorian, March 20, 1901

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Article Text

AROUND TOWN. 25-lb-box French prunes $1, at Johnson Bros. Mrs. J. T. Ross returned from Portland yesterday. Hon. Benj. Young went down to Seaside yesterday. Jeff's Restaurant-the largest and best. A trial will convince you. Richard Nixon, receiver of the Portland Savings Bank, was in the city yesterday. George McGowan and Mrs. McGowan were registered at the Occident yesterday. The steamer Alliance sailed yesterday morning with a full cargo and forty-seven passengers for oCos bay and Eureka How often we see women on the street with their hands full of bundles? How much trouble and incon-venience they would save were they to use those nice baskets which Ross, Higgins & Co. have just received. They have the largest assortment of all kinds and shapes in the city. A large force of carpenters is rapidly enclosing the new church for the Finnish Evangelical Lutheran National Congregation in West Astoria. The building is being very substantially con-structed and will be a sightly edifice, the walls being twenty-two feet high and the location one of commanding prominence. Col. C. J. Holt, the experienced and successful temperance orator, will commence his work in this city next Friday evening at the Baptist church Seats are free as long as they last. Come early and thus secure one. Colonel Holt is very anxious to have good singing and most cordially invites all singers in the city to be present and help. BEST 15-CENT MEAL; RISING SUN RESTAURANT.


Article from The Morning Astorian, March 20, 1901

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Article Text

Richard Nixon, receiver of the Portland Savings Bank, was in the city yesterday.


Article from Aberdeen Herald, April 25, 1901

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Article Text

Real Estate Transfers. For the week ending April 20, comp iled from the records for the exclusive use of the Aberdeen HERALD: Samuel Benn to Grays Harbor Brewing Co. lots 4 to 10 inc, blk 84, W & B's 2nd add Aberdeen-$200. Heirs of F H Frisbee, dec'd, to E K Wood. lots 2 and 4; sw1/4 of nw1/4; nw½ of sw1/4 of sw1/4 of ne1/4, and nw½ of se1/4 sec 4-20-9-$1. W M Ellicott to A S Hodgdon, swly½ Bot 4, blk 54, He quiam-$225. N W Lumber Co to C W Hodgdon, lots 01 and 12, blk 58, Hoquiam-$1. Receiver of the Portland Savings Bank to L B Bignold, lots 5 69 10 11 and 12, *blk 17. Peterson; lots 13 to 24 inc, blk 11, J. & A's add Elma-$1. F W Strubel to J B Biles, lot 6, blk 14, Elma-$500. J P Goggin to American Timber Co, mw½ see 20-18-1-$1400. Alonzo Elliott to same, w½ of se½ sec 32-18-7-$450. American Timber Co to J T Barber, nw½1/4 sec 20-18-4, and w½ of se 4 sec 3218-7-$1900. Chas Ekstedt to Mrs Lena Bennett, lot 15, blk 1, Blair's add Montesano-$100. A E Griffiths to C M Demeree, lots 3 and 4 and e 40 ft lot 2, blk 1, Schofield's add Montesano--$500. A D Devonshire to same, W 25 ft of e 95 St of lots 5 and 6, blk 1, Z, C & L's add Montesano-$1. Lizzie C Smith to Alvin Smith et al, se½ of nw1/4 and lots 1 2 and 3, sec 117-10-$1. W J Hopkins to Chris Knoell, und½ lots 1 and 2, blk 49, Hoquiam-$1. U S to C E Burrows, nw½ sec 24-17-7 -Pat. US to LS Stockwell, n½ of ne½ sec 24-16-7-Pat. U S to Carrie A Stockwell, w½ of nw1/4 sec 20-16-7-Pat. J B Biles to F W Strubel, ne14 of se1/4 and 8.8 acres on e side of sw1/4 of sel/4 sec