Vale National Bank

Bank Information

Episode Type: Suspension → Closure
Bank Type: national
Bank ID: 12262
Charter Number: 12262
Start Date: December 5, 1927
Location: Vale, Oregon (43.982, -117.238)

Metadata

Model: gpt-5-mini
Short Digest: 0801e68a

Response Measures

None

Description

Article (Evening Baker Herald, 1927-12-09) describes the bank's doors being closed by order of the board and directors petitioning the state superintendent and governor to appoint a receiver. No explicit run is mentioned; directors are seeking a receiver, indicating suspension and likely permanent closure/receivership. OCR errors in the snippet were corrected (e.g. garbled first line).

Events (3)

1. December 5, 1927 Suspension

Cause: Voluntary Liquidation
Cause Details: Board ordered the bank's doors closed and directors petitioned state superintendent and governor to appoint a receiver; directors and local businessmen backing petition for receiver appointment.
Newspaper Excerpt: doors by order of the board of directors last Monday morning
Source: newspapers

2. December 9, 1927 Other

Newspaper Excerpt: Influential business men of Ontario, and J. P. Dunnaway, well known banker of Nyasa, are also backing the movement.
Source: newspapers

3. * Receivership

Newspaper Excerpt: they wired the urgent request to the state superintendent of banks and to Governor Patterson, of Oregon. The October 29 statement reported deposits at approximately $155,000. C. M. Robinette, mayor of Vale, and R. H. DeArmond, director of the Vale National bank, spent Tuesday interviewing depositors and obtaining signers to the petition. ... his appointment is strongly urged. (Evening Baker Herald, 1927-12-09).
Source: newspapers

Newspaper Articles (1)

1. December 9, 1927 Evening Baker Herald Baker City, OR

Article from Evening Baker Herald, December 9, 1927

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Article Text

Flyer at 13 its doors by order of the board of directors last Monday morning, be appointed receiver. For the reason that he has confidence of the people, knows the debtors and knows conditions here, his appointment is strongly urged. Influential business men of Ontario, and J. P. Dunnaway, well known banker of Nyasa, are also backing the movement. C. M. Robinette, mayor of Vale, and R. H. DeArmond, director of the Vale National bank, spent Tuesday Interviewing depositors and obtaining signers to the petition. On Tuesday evenin they wired the urgent request to the state superintendent of banks and to Governor Patterson, of Oregon. The October 29 statement reported deposits at approximately $155,000.