Article Text
Vale Man Is Urged As Bank Receiver VALE, Ore, Dec. 9. (AP) Virtually every business man in Vale has signed a petition requesting that I. W. Hope, president of the Farmers' and Stock Growers' bank of Vale, which closed
18452. Farmers & Stock Growers Bank (Vale, OR)
Bank Information
- Episode Type
- Suspension → Closure
- Bank Type
- state
- Start Date
- December 1, 1927*
- Location
- Vale, Oregon (43.982, -117.238)
Metadata
- Model
- gpt-5-mini
- Short Digest
f861ce4f
Response Measures
None
Description
Articles report the Vale bank closed in December 1927 and entered liquidation with receivers appointed; no mention of a depositor run. Cause of closure not specified in articles, so set cause to 'other'.
Events (4)
1.
December 1, 1927*
Suspension
- Cause Details
- Bank closed in December 1927 and entered liquidation; specific triggering cause not described in the articles.
- Newspaper Excerpt
- Vale bank closed doors on December 1927
- Source
- newspapers
2.
December 9, 1927
Other
- Newspaper Excerpt
- Virtually every business man in Vale has signed a petition requesting that I. W. Hope, president of the Farmers' and Stock Growers' bank of Vale, which closed
- Source
- newspapers
3.
March 14, 1928
Receivership
- Newspaper Excerpt
- Named Bank Receiver- F. Graham has been appointed receiver to take charge of liquidation of the Farmers' and Stock Growers' bank.
- Source
- newspapers
4.
November 9, 1928
Other
- Newspaper Excerpt
- DEFUNCT BANK IS SUED Indemnity Company Seeks to Recover From Receiver at Vale. Vale bank closed doors on December 1927 ... the liquidator refused consider the claim the indemnity company prior lien upon the assets, and the suit is now brought to force the receiver to assets of the institution and satisfy the claim.
- Source
- newspapers
Newspaper Articles (3)
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Article Text
VALE For County Commissioner-J D. Fairman Harper, incumbent, has announced his candidacy to succeed himself in the office of Malheur county commissioner Fairman is a prominent business man and banker of the county To Organize League-On Tuesday night, Walter Keele, manager of the Vale baseball club, will go to Nyssa support the organization of an Idaho-Oregon league, which will probably include the towns of Nyssa, Ontario, Vale, Payette, Wilder and Weiser. Visitor From Gooding-Mrs. William Johnson of Gooding, Ida., has been visiting her parents, Mr. and Mrs. Mueller, this week A number of delightful social affairs have taken place Named Bank Receiver- F. Graham has been appointed receiver to take charge of liquidation of the Farmers' and Stock Growers' bank. The organization of the new bank is still being New Volley Ball Series The Dry division of the fireman volley ball series, under Captain John Barkeley, won the series just closed by one game margin over the Wets, under Chief Hutton. A new series started Monday night under C. B. Woodward and A. Monson, captains. The Vale volley ball artists are
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Article Text
DEFUNCT BANK IS SUED Indemnity Company Seeks to Recover From Receiver at Vale. Suit was filed in the federal district court here yesterday by the Royal company of New York against the Farmers' Stockof Vale and Schramm, banks. Vale bank closed doors on December 1927, and at that time the state of Oregon had on deposit there The bank bonded by the plaintiff company to the amount of $22, 000 and its share liability for the state deposit was $9545. interest of which the state collected from the plaintiff. The liquidator refused consider the claim the indemnity company prior lien upon the assets, and the suit is now brought to force the ceiver to assets of the institution and satisfy the claim.