First National Bank - Scappoose, OR

Bank Information

Episode Type: Suspension → Closure
Bank Type: national
Bank ID: 10992
Charter Number: 10992
Start Date: March 4, 1933
Location: Scappoose, Oregon (45.754, -122.878)

Metadata

Model: gpt-5-mini
Short Digest: 8a601aac

Response Measures

None

Receivership Details

Depositor recovery rate: 18.1%
Date receivership started: 1932-10-18
Date receivership terminated: 1937-02-15
Share of assets assessed as good: 19.9%
Share of assets assessed as doubtful: 66.2%
Share of assets assessed as worthless: 13.9%

Description

OCR-corrected text indicates the First National Bank of Scappoose has a receiver and litigation to restrain the receiver's sale of city warrants. No article text describes a depositor run; the bank is in receivership (closure).

Events (4)

1. May 11, 1917 Chartered

Source: historical_nic

2. October 18, 1932 Receivership

Source: historical_nic

3. March 4, 1933 Receivership

Newspaper Excerpt: John E. Ross, as receiver First National bank of Scappe ... called upon Monday in federal to show cause why they should be restrained from disposing of warrants of the city ... bring suit in equity against receiver.
Source: newspapers

4. March 4, 1933 Suspension

Cause: Government Action
Cause Details: Bank placed in receivership; federal receiver handling affairs (court action to restrain disposal of city warrants).
Newspaper Excerpt: receiver First National bank of Scappe
Source: newspapers

Newspaper Articles (1)

1. March 4, 1933 The Oregonian Portland, OR

Article from The Oregonian, March 4, 1933

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Article Text

WARRANT SALE OPPOS Scappoose Official Asks Restru of Bank Receiver. John E. Ross, as receiver First National bank of Scappe and Gladys E. Peterson, county urer Columbia county, called upon Monday in federal to show cause why they should be restrained from disposing of warrants of the city any interest of the bank in that city Federal Judge Fee day tentatively allowed the Eva West, city treasurer poose, and the city of Scappood bring suit in equity against ceiver. The suit asks restraining der and por injunction Miss West. as city treasurer in the complaint that previous der of the court directing sale amended