Roseburg National Bank - Roseburg, OR

Bank Information

Episode Type: Suspension → Closure
Bank Type: national
Bank ID: 8955
Charter Number: 8955
Start Date: June 1, 1912*
Location: Roseburg, Oregon (43.217, -123.342)

Metadata

Model: gpt-5-mini
Short Digest: 7581886c

Response Measures

None

Description

Article (1913-06-05) states the Roseburg National Bank suspended business about a year ago and that a grand jury began investigating its ledgers and books — suggesting bank-specific adverse information. The article does not mention a reopening or a receiver being appointed; suspension appears to be ongoing and likely permanent, but no formal receivership is reported in the text.

Events (3)

1. November 30, 1907 Chartered

Source: historical_nic

2. June 1, 1912* Suspension

Cause: Bank Specific Adverse Info
Cause Details: Grand jury investigation into the bank's ledgers and books following its suspension about a year earlier, implying alleged irregularities or adverse information about the bank's affairs.
Newspaper Excerpt: With a large number of ledgers, journals and others books in evidence, the grand jury began an investigation into the affairs of the Roseburg National bank. The bank suspended business about a year ago.
Source: newspapers

3. January 7, 1937 Voluntary Liquidation

Source: historical_nic

Newspaper Articles (1)

1. June 5, 1913 The Ontario Argus Ontario, OR

Article from The Ontario Argus, June 5, 1913

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Article Text

BRIEF NEWS OF OREGON Timely rains have fallen in Sher man and Gilliam counties and the crop outlook is regarded as very promis"Sup A new gold saving machine has been set up on the sands at Gold Beach. It will handle 150 tons in 20 hours. Those interested hope they have solved the separation problem. The state engineer has approved applications of the Harney Valley Reclamation company to irrigate 54,000 acres. Four to six reservoirs will be required for storage purposes. On the request of Senator Lane, the war department has ordered the seagoing dredge Chinook in commission as soon as possible, on account of the high water on the Columbia bar. A full classification of the government land in the Metolius river valley has been started by the United States government, following the filings of many applications for homesteads in that territory. The department of commerce has informed Senator Chamberlain that it has requested the treasury department to assign a revenue cutter to patrol the course for the Astoria Motorboat club regatta. Ten striking linemen accused of engaging in a riot at Oswego have been bound over to the grand jury. One of them was shot in the groin and another hit with a hand axe by non-union men. With practically no opposition, bonds have been voted at Klamath Falls to take up the outstanding warrant indebtedness. The city will be on a cash basis so soon as the bonds are sold. A rancher from Illinois river walked out of the third story of the Gold Beach hotel while asleep, falling about 30 feet. He was picked up unconscious and badly shaken, but apparently not seriously injured. With a large number of ledgers, journals and others books in evidence, the grand jury began an investigation into the affairs of the Roseburg National bank. The bank suspended business about a year ago. Referendum petitions against the workmens' compensation act, the county attorney bill and the sterilization bill have been presented at the secretary of state's office for filing, and the names are being checked. Representatives of over 60 publishing firms have appeared during the past few months before the Oregon text book commission, which will meet at Salem for the purpose of adopting text books for the schools of the state. It is announced at Marshfield that the Southern Pacific has issued orders for two more tunnels on the WIIlamette Pacific line between the Siuslaw and the Umpqua, thus disproving the rumors that the line was to come in by way of Drain Senator Chamberlain has written to Secretary Lane informing him that according to the statements of Engineer Hapson the estimated cost of $100 per acre for the West Umatilla extension will be the outside cost of the project, and that the first unit could be completed for $75 an acre. In a natural amphitheater formed by sloping hillsides, with the grass-covered hollow at their base as a stage and the blue sky overhead as a celling, the students of the University of Oregon will this year present Henrik Ibsen's drama, "Peer Gynt," before the visitto the commencement exercises.