Farmers & Stock Growers Bank

Bank Information

Episode Type: Suspension → Closure
Bank Type: state
Start Date: December 1, 1930*
Location: Vale, Oregon (43.982, -117.238)

Metadata

Model: gpt-5-mini
Short Digest: 82910c76

Response Measures

None

Description

Article (Jan 4, 1931) reports the Farmers & Stock Growers Bank of Vale was insolvent and placed in the hands of the state superintendent of banks for liquidation at close of business in December (1930). Dividends being disbursed. No run or temporary suspension described; this is a permanent closure/receivership/liquidation.

Events (1)

1. December 1, 1930* Receivership

Newspaper Excerpt: The bank was placed in the hands of the superintendent of banks liquidation close of business December ... Farmers Stock Growers bank, insolvent of Vale ... disbursing the final dividend 12.1 per cent on all deposit claims against Farmers Stock Growers bank, insolvent of Vale placed in the mails today by Schramm state superintendent of banks.
Source: newspapers

Newspaper Articles (1)

1. January 4, 1931 The Sunday Oregonian Portland, OR

Article from The Sunday Oregonian, January 4, 1931

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Article Text

BANK DIVIDEND RECEIVED Checks for 12.1 Per Cent of Claims Against Vale Firm Sent Out. Jan. 3.-(Special. SALEM Or. disbursing the final dividend 12.1 per cent on all deposit claims against Farmers Stock Growers bank, insolvent of Vale placed in the mails today by Schramm state superintendent of banks. The dividend aggregated Two dividends aggregating 40 per cent total pre paid, making return viously of 52.1 per on claims filed 350 depositors Preferred $13.469 also have been approved and paid. The bank was placed in the hands of the superintendent of banks liquidation close of business December