First National Bank - Springfield, OR

Bank Information

Episode Type: Suspension → Closure
Bank Type: national
Bank ID: 8941
Charter Number: 8941
Start Date: October 22, 1932
Location: Springfield, Oregon (44.046, -123.022)

Metadata

Model: gpt-5-mini
Short Digest: 12cba284

Response Measures

None

Receivership Details

Depositor recovery rate: 100.0%
Date receivership started: 1932-10-22
Date receivership terminated: 1936-12-05
Share of assets assessed as good: 36.0%
Share of assets assessed as doubtful: 57.6%
Share of assets assessed as worthless: 6.4%

Description

Articles indicate the First National Bank of Springfield was placed in receivership Oct 22, 1932 (receiver Lloyd H. Kelley) and later the receiver paid a dividend in May 1933. There is no description of a depositor run in the provided excerpts. The suspension/closure appears to be formal (receiver appointed) — categorized as government_action (receiver).

Events (5)

1. November 11, 1907 Chartered

Source: historical_nic

2. October 22, 1932 Receivership

Source: historical_nic

3. October 22, 1932 Receivership

Newspaper Excerpt: Mr. Kelley was appointed receiver in charge the bank Oct. 22. 1932. He also receiver the First National Bank of Silverton, Oregon. assistant receiver has been with the bank since October.
Source: newspapers

4. October 22, 1932 Suspension

Cause: Government Action
Cause Details: Receiver (Lloyd H. Kelley) appointed to take charge of the bank on Oct 22, 1932; bank suspended and placed into receivership by banking authorities.
Newspaper Excerpt: Mr. Kelley was appointed receiver in charge the bank Oct. 22. 1932.
Source: newspapers

5. May 23, 1933 Other

Newspaper Excerpt: Big Dividend Paid To Depositors of Springfield Bank ... Lloyd H. Kelley, receiver of the First National Bank of Springfield ... payment of this first dividend of 45 per cent ... checks ready for distribution ... payment of this first dividend of 45 per cent represents approximately distributed depositors Springfield and vicinity.
Source: newspapers

Newspaper Articles (2)

1. November 1, 1932 The Bulletin Bend, OR

Article from The Bulletin, November 1, 1932

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Article Text

ocal News Items TODAY'S WEATHER emperature: a. m., 44.5 degrees: 61.7 degrees. Barometer to sea level): 29.96 m., 29.66 inches. humidity: 4:30 75 m., per 10:30 11. m., " per cent. Wind 11 miles: m., alles. Prevailing wind direction. arion Coyner has gone to ingfield as assistant to Lloyd receiver for the First Nabank of Springfield Coyner up his duties at the Springfield Monday Glen Phillips left this mornBurns where she will attend funeral of Mrs. Harry Riley Pythian Sisters card party given Wednesday night in hall DeArmond and Jay H. Upton trued last night from Pendleton This picture tells all! they atended the fall term of reme court of eastern Oregon DOUGLAS November meeting of the chutes county library board has postponed until next week Harriet Long, state librarian, the Redmond branch library in company with Mrs. Myra Deschutes county librarian Long left this afternoon for LOVE IS mith Falls where southern librarians conference will be Montgomery was given 30 RACKET suspended jail sentence when he enred in Bend justice court to guilty to " charge of hunting license. Duncan McKay state police signed the complaint Aulman is charged with operan automobile with switched plates in complaint filed in justice court by Duncan Methe state police Johnson of Los Angeles, is in Bend visiting with his Robert Johnson the Pilot Inn staff David Johnson is resident of Bend G. Murphy, manager of the Oil station at the corner of nklin and Wall in Bend for the Preveral years, left this morning aGrande, by his His in Bend, R C arrived here yesterday from and Mrs. Ray Bartlett of Euvisiting at the home of Mrs. sister, Mrs. S. Sillery the question. The meeting will be Chrisholm, field representa- open to the public and men. well the Four organization, was as women. will be welcome, it Bend last night and stopped at announced Since the luncheon is to Butte served cafeteria style, reservawas born this morning to tions will not be necessary and Mrs. H Funke Funke One of the speakers will be Dr. C for The Bulletin A Edwards pastor of the Methodist business meeting of the Metho Episcopal church in Bend. who will discuss prohibition now is. An Sunday, school will be held in outside speaker, probably from Portparlor of the church to- Ramsay Benson has returned seven weeks trip to Missouri she visited in Kansas City embers of the Deschutes county staff who will attend the in Klamath Thursday are Miss Myra B. Dorothy Watson the Klamath counHugh Brady independent candicongressman from the seedistrict. was in Bend today from aGrande country This was second trip to Bend in re- Willis A Rice estate is valued 4,324 an appraisal filed the Deschutes county clerk R is administrator of the estate the appraisers were K. M Lawrence and Don H. Frank Percivall returned last from weeks visit with Helen Teal in Hood River Mrs. also visited in Portland Whittington has returned vacation trip to White SalOscar O Springgate suffered acture of her left wrist yesterwhen she fell while doing and Mrs. A. G. Paul. Jr., parents of a daughter, born yes- Corps members, past and meet tonight at Legion hall rehearsal of Armistice Day proAdv. 126p land. touch on prohibition form The name of this speaker will be known in the next few days Mrs. Shevlin of Bend has been named county man of the women's organization for national prohibition reform. according announcement received from Mra. David Honeyman of Portland, Oregon, chairman The organization sponsoring series of radio addressed beginning today and con tinuing until November going anyway And the gent who planned to toss $50,000 or so into campaign pot with the idea of collecting diplomatic post from the administration is likely to hold his hand if he-thinks his party hasn't an outside chance.

2. May 23, 1933 The Eugene Guard Eugene, OR

Article from The Eugene Guard, May 23, 1933

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Article Text

Big Dividend Paid To Depositors of Springfield Bank SPRINGFIELD, May was made Tuesday morning by Lloyd H. Kelley, receiver of the First National Bank of Springfield, that dividend checks payment of first dividend of 45 per cent all claims that have been filed and approved have been returned from the Comptroller Currency Washington, where they were sent for signature, and now ready for distribution the receivoffice in the First National Bank Building in Springfield. The payment of this first dividend of 45 per cent represents approximately distributed depositors Springfield and vicinity. The First Bank of Springfield business Oct. 1932, and Mr. Kelley was appointed receiver charge the bank Oct. 22. 1932. He also receiver the First National Bank of Silverof ton. Oregon. assistant receiver has been with the bank since October. Mr. Kelley wishes understood that no dividend check will be delivered claimant unless the receivers certificate of proof of claim previousissued the receiver presented of the dividend. He for endorsement also requests that all depositors livand vicinity call ing in Springfield personally the receiver's office for their checks thus eliminating the pense of mailing same. Those living too far away call personally for their checks may have same mailed to them upon request, provided they properly sign the receipt for dividend and send together with their proof of claim his office. checks will sent by registered mail unless enclosed. The usual office hours 10 week days and 10 to noon Saturdays will be served during the distribution the dividend checks.