18418. Bank of Prineville (Prineville, OR)

Bank Information

Episode Type
Suspension → Closure
Bank Type
state
Start Date
December 27, 1920
Location
Prineville, Oregon (44.300, -120.834)

Metadata

Model
gpt-5-mini
Short Digest
66dbca5c

Response Measures

None

Description

The articles describe the Crook County Bank suspending business on Dec 27 (presumably 1920) and failing reorganization; a new institution, the Bank of Prineville, was chartered May 27, 1921 to take over the defunct bank's business and liquidation is to be conducted by the deputy superintendent. Because the suspension and failure applied to the Crook County Bank while the new institution is the Bank of Prineville, I mark bank_name_unsure true and record the takeover/new charter in events. No run is described.

Events (4)
1. December 27, 1920 Suspension
Cause Details
Article states the Crook County Bank suspended business on December 27; no explicit cause (no run or external shock) is given.
Newspaper Excerpt
the old Crook county bank which suspended business on December 27, last.
Source
newspapers
2. January 3, 1921 Other
Newspaper Excerpt
Thus far only one Oregon institution has been obliged to suspend and that for only a temporary closing. The bank at Prineville which recently was closed, is being reorganized.
Source
newspapers
3. May 27, 1921 Other
Newspaper Excerpt
a charter had been issued Thursday afternoon to the Bank of Prineville ... the failure of his efforts toward a reorganization of the old Crook county bank which suspended business on December 27, last. ... the new institution will occupy the old Crook county bank building ... Mr. Euston ... has been appointed deputy superintendent of banks, to conduct the liquidation of the defunct institution.
Source
newspapers
4. May 27, 1921 Receivership
Newspaper Excerpt
Mr. Euston, assistant cashier of the new bank has been appointed deputy superintendent of banks, to conduct the liquidation of the defunct institution
Source
newspapers

Newspaper Articles (2)
1. January 3, 1921 East Oregonian : E.O Pendleton, OR
Article from East Oregonian : E.O, January 3, 1921

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Article Text

Oregon Banks Strong. Banks of Oregon are in better condition to meet demands upon them and take care of their customers than are those of Oregon's three sister states, Will H. Bennett, new vice president of the Inland Empire Bank, said today. Mr. Bennett has just come here from the position of state superintendent of banks and declares that his information on this subject came from highly atuhoritative sources, Thus far only one Oregon institution has been obliged to suspend and that for only a temporary closing. The bank at Prineville which recently was closed, is being reorganized. Reports show that Washington, Idaho and California are in less favorable positions than Oregon in regard to banks, Mr. Bennett said/

2. May 27, 1921 Capital Journal Salem, OR
Article from Capital Journal, May 27, 1921

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Article Text

New Bank Takes Over Business Of Defunct Firm Coincident with the announcement that a charter had been issued Thursday afternoon to the Bank of Prineville, Frank C. Bramwell, state superintendent of banks, announced the failure of his efforts toward a reorganization of the old Crook county bank which suspended business on December 27, last. Definite action on the application of the Bank of Prineville for a charter had been delayed pending the attempt to reorganize the Crook County Bank, Bramwell explains. Officers of the new institution which is capitalized at $50,000 are: President, J. L. Karnopp of Portland, cashier, W. O. Hall: assistant cashier, George F. Euston; directors, A. J. Noble, J. M. Elliott and Lake M. Bechtell. The new institution will occupy the old Crook county bank building which has been sold to the new bank and as a matter of temporary convenience Mr. Euston, assistant cashier of the new bank has been appointed deputy superintendent of banks, to conduct the liquidation of the defunct institution.