German American Mercantile Bank (Seattle, WA)

Episode Information

Episode UID
19001771432
Episode Type
Suspension → Closure
Bank Type
state
Bank ID
1900177 routing
Routing Number
19-0017
Start Date
April 15, 1919
Location
Seattle, Washington (47.606, -122.332)

Metadata

Model
gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
660373953d70b8bc

Response Measures

None

Description

State Bank Examiner is liquidating assets under court order; bank is insolvent and in liquidation.

Events (2)
1. April 15, 1919 Receivership
Newspaper Excerpt
liquidating German - American Mercantile Bank. IN THE SUPERIOR COURT... Louis H. Moore, As State Bank Examiner of the State of Washington, liquidating German - American Mercantile Bank.
Source
newspapers
2. April 15, 1919 Suspension
Cause
Government Action
Cause Details
State Bank Examiner appointed and ordered liquidation of the insolvent bank's assets by court order.
Newspaper Excerpt
NOTICE IN THE MATTER OF THE INSOLVENCY OF THE GERMAN-AMERICAN MERCANTILE BANK... Louis H. Moore, as State Bank Examiner, will receive sealed bids for virtually all of the assets of said German-American Mercantile Bank remaining in his hands.
Source
newspapers

Newspaper Articles (2)
1. September 27, 1918 The Seattle Star Seattle, WA
Article from The Seattle Star, September 27, 1918

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Article Text

Await Collections to Pay Depositors Depositors who lost their savings a 10 per cent dividend is declared he receives one dime, while the dewhen four Seattle banks collapsed two years ago will receive no impositor with a filed claim of $1,000 mediate dividends, according to would get $100." State Bank Examiner Lewis H. "All our work is done with the Moore. court," he continued. "Every time a "Dividends will be declared as person files a claim, it is registered soon as 10 per cent of the claims in court. No dividends are paid without a court order. filed and approved by the court "Another important thing." he are collected," explained Moore. "Each bank is dealt with separately. added, "is that people who have No definite time for declaring a money coming should be sure and dividend can be set because the let us know of any change in address, for we have several checks moneys of the banks change hands continually. Mortgages owned by in our Seattle office for depositors that have never been called for. the bank, fall due, real estate also owned by the banks must be sold, Depositors should keep in touch with the Seattle office in the White requiring a continuous flucuation of the banks' money." building. so that they will be notiThe German-American Mercantile fied of any rulings in regard to their savings." bank has paid a dividend of 45 per cent on the filed claims, according to the state bank examiners, which involved nearly a million dollars. Chief Warren Made The filed claims of the Fremont state bank, the Broadway state National Official bank and the Northern Savings OAKLAND. Cal., Sept. 27.-Chief Bank & Trust company run over of Police J. F. Warren, of Seattle, $100,000. The Fremont bank has has been elected vice president of paid a dividend of 10 per cent on the National Traffic Officers' asso. filed claims, the Broadway bank 20 clation recently formed here. per cent and the Northern bank 25 per cent. "Each depositor is treated 'share Dr. Gregor McGregor has reopened and share alike,''' stated Moore. dental offices at 516 Leary Bldg., "If a person has a dollar claim when Second & Madison.-Advertisement.

2. April 15, 1919 The Seattle Star Seattle, WA
Article from The Seattle Star, April 15, 1919

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Article Text

and the liquidation of the GermanAmerican Mercantile Bank. that the undersigned will make his report to the above entitled court on the bids so received by him for said assets, and that said report will come on for hearing in Department No. 1 of the Superior Court of the State of Washington, for King County, on May 15, 1919, at the hour of 10 o'clock a. m., at which time and place all persons interested in the assets and affairs of said bank. and any sale of the inforesaid assets. may appear and offer any objections that they may have to the confirmation by the court of the State Bank Examiner's report and recommendation on said proposed sale. LOUIS H. MOORE. 1 State Bank Examiner of the State of Washington. IN THE SUPERIOR COURT OF THE States of Washington, for King County. NO. 121,964. NOTICE OF SALE In the Matter of German-American Mercantile Bank, a Corporation, Insolvent. NOTICE IS HEREBY GIVEN that by virtue of an order made and entered in the Superior Court of the State of Washington for King County, in the matter of the insolvency of the German-American Mercantile Bank, Louis H. Moore, as State Bank Examiner. will receive sealed bids for virtually all of the assets of said GermanAmerican Mercantile Bank remaining in his hands. A copy of the list of said assets which are offered for sale is on file with the Superior. Court of the State of Washington, in the above entitled proceedings, having been filed therein on April 8, 1919. A copy of the list of all of said assets is also on file and may be seen at the office of said State Bank Examiner. 218 White Building. Seattle, Washington. A copy of said list of assets will be sent to any intending purchaser upon request. These assets comprise promissory notes, both secured and unsecured, and all other debts due the bank, real estate, judgments, bonds and warrants and furniture and fixtures. Louis H. Moore, as State Bank Examiner, will receive sealed bids for all of said assets up to 5 o'clock p. m. on May 10. 1919, at the aforesaid office. All bids must be sealed, and there must accompany such bid either a cash payment or a certified check of 10 per cent of the amount of such bid. The Bank Examiner reserves the right to reject any and all bids. Any successful bid. after approval by the State Bank Examiner. will be subject to the further approval of the Superior Court of the State of Washington, for King County. LOUIS H. MOORE, As State Bank Examiner of the State of Washington, liquidating German - American Mercantile Bank. IN THE SUPERIOR COURT OF Washington, for the County of King. NO. 121837. NOTICE OF HEARING OF RECEIVER'S FINAL ACCOUNT Lorenzo Dow Byers, Plaintiff, vs. Washington Lumber Company, a corporation. Defendant. NOTICE IS HEREBY GIVEN under and by virtue of an order of the above entitled court. entered in the above cause on the 11th day of April, 1919, that the report of the undersigned receiver has been filed. in the above cauee and will