First State Bank - Seaside, OR

Bank Information

Episode Type: Suspension → Closure
Bank Type: state
Start Date: June 17, 1933
Location: Seaside, Oregon (45.993, -123.923)

Metadata

Model: gpt-5-mini
Short Digest: e84cba98

Response Measures

None

Description

Article (June 17, 1933) describes the First State Bank of Seaside as 'defunct' with a receiver petitioning to advertise and sell all assets to wind up the institution. No mention of a depositor run in the text; the bank is in receivership and being wound up, consistent with a suspension leading to permanent closure.

Events (2)

1. June 17, 1933 Other

Newspaper Excerpt: The petition also requests authority to conclude sale certain assets individually... The bank has already paid out percent of the claims against according to Olson, deputy receiver in charge of the affairs of the institution.
Source: newspapers

2. June 17, 1933 Receivership

Newspaper Excerpt: The receiver for the defunct First State bank of Seaside has petitioned the circuit court for authority to advertise and sell all assets of the bank in order to wind up the affairs of the institution.
Source: newspapers

Newspaper Articles (1)

1. June 17, 1933 The Daily Astorian Astoria, OR

Article from The Daily Astorian, June 17, 1933

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Article Text

Petition Failed To Sell All Assets Of Old Seaside Bank The receiver for the defunct First State bank of Seaside has petitioned the circuit court for thority to advertise and sell all assets of the bank order to wind up the affairs of the institution. The petition also requests authority to conclude sale certain assets individual sales which will bring in $500 or $600 for some $50,000 worth claims. The bank has already paid out per cent of the claims against according to Olson, deputy receiver in charge of the affairs of the institution. BOSTON June 17. paused today in its celebration of Bunker day tumultous welcome to President Roosevelt his first trip to New England since inauguration.