Stockgrowers & Farmers National Bank

Bank Information

Episode Type: Suspension → Closure
Bank Type: national
Bank ID: 9002
Charter Number: 9002
Start Date: May 10, 1934
Location: Wallowa, Oregon (45.570, -117.528)

Metadata

Model: gpt-5-mini
Short Digest: 1a993209

Response Measures

None

Receivership Details

Depositor recovery rate: 100.0%
Date receivership started: 1934-03-06
Date receivership terminated: 1938-02-16
Share of assets assessed as good: 53.7%
Share of assets assessed as doubtful: 40.6%
Share of assets assessed as worthless: 5.7%

Description

Newspaper reports appointment of a receiver for the Stockgrowers and Farmers National Bank (receiver named May 10, 1934). No article text describes a prior run; receiver appointment implies bank closed and placed in receivership. The first-named receiver was ill and replaced by Guy E. Patten.

Events (3)

1. January 24, 1908 Chartered

Source: historical_nic

2. March 6, 1934 Receivership

Source: historical_nic

3. May 10, 1934 Receivership

Newspaper Excerpt: Guy E. Patten, of Elgin, has been appointed receiver of the Stockgrowers and Farmers National bank at Wallowa, it was learned today.
Source: newspapers

Newspaper Articles (1)

1. May 10, 1934 The Observer La Grande, OR

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Article Text

APPOINT PATTEN BANK RECEIVER Guy E. Patten. of Elgin, has been appointed receiver of the Stockgrowers and Farmers National bank at Wallowa, it was learned today. Mr. Patten is at the bank at present, beginning his new duties His appointment followed the serious 111ness of Roy Holtvurg. first named recelver who is 111 of pneumonia.