The bank closed (suspended) on September 21, 1931 following discovery of a $25,000 shortage/embezzlement by cashier A. Rogers. A receiver (Eckerson) was appointed in early October 1931 and receiver instituted suits in 1932 and 1934. No run is described in the articles; the sequence is suspension/closure with receivership and subsequent litigation.
Events (6)
1.February 21, 1906Chartered
Source
historical_nic
2.September 21, 1931Suspension
Cause
Bank Specific Adverse Info
Cause Details
Discovery of a reported $25,000 shortage/embezzlement in the cashier A. Rogers's books, leading to closure.
Newspaper Excerpt
The bank closed September 21, following reported shortage of $25,000 in the books of Rogers cashier Deposits $721,000 were reported tied up by the closing
Source
newspapers
3.October 8, 1931Receivership
Source
historical_nic
4.October 9, 1931Receivership
Newspaper Excerpt
Eckerson ... was appointed receiver late yesterday for the First National bank of Colville ... The bank closed September 21. ... Mr. Eckerson ... will arrive in Colville Tuesday ... and take active charge of the bank (Spokane Chronicle, 1931-10-10).
Source
newspapers
5.April 1, 1932Other
Newspaper Excerpt
BANK RECEIVER SEEKING $25,750 ... has instituted action in superior court against the New Amsterdam Casualty company ... A. Rogers is alleged to have misappropriated $25,750 from the First National bank ... examination ... discovered that L. Rogers ... had embezzled and misappropriated ... between March 1928 and September 11, 1931.
Source
newspapers
6.December 13, 1934Other
Newspaper Excerpt
Suit was filed yesterday ... by Thomas Lally, receiver for the First National Colville, against Fred Cooney and Edith Cooney ... promissory complaint recites that the note was made and that payments totaling $135 have been made.
Source
newspapers
Newspaper Articles (4)
1.October 10, 1931Spokane ChronicleSpokane, WA
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Article Text
NAME ECKERSON BANK RECEIVER
Eckerson of Coeur was receiver late yesterday for the First National bank of Colville national bank examiner today Plans for reopening the bank had been informally discussed and until yesterday hopes had held that reorganization could be worked The bank closed September 21. following reported of $25,000 in the books of Rogers cashier Deposits $721 000 were reported tied up by the closing Mr. Eckerson has been serving as receiver of the First National bank He will arrive in Tuesday from Can by. Ore. and take active charge of the bank
2.October 10, 1931Spokane ChronicleSpokane, WA
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Article Text
NAME ECKERSON BANK RECEIVER
Eckerson of Coetir d'Alene was appointed receiver late for the First National bank of Colville C. Linden. national bank examiner announced today Plans for reopening the bank had been informally cussed and until yesterday hopes had been held that reorganization could be out The bank September 21, following reported shortage of $25,000 in the books of Rogers cashier Deposits 000 were reported tied up by the closing Mr. Eckerson has been serving as of the First Exchange Na tional bank He will arrive in Colville Tuesday from Canby. Ore. and take active charge of the bank
3.April 1, 1932Spokane ChronicleSpokane, WA
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Article Text
BANK RECEIVER SEEKING $25,750 of the First National Bank of Colville has instituted action superior court against the New Amsterdam Casually company of New York cover the of A. Rogers is alleged or misappropriated 750 from the First National bank The complaint states that C C. Linden started an examination the bank on September 11, 1931 with result that it was disco that L. Rogers as the bank is alleged. had embezzied and misappropriated to his own use or to some other person not entitled thereto. the sum of $25 750 between March 1928 and September 11. 1931 Mr. Rogers, cashier Henry R. Spedden, vice and Wad- to dell, were under $7500 bond and all other employees under $5000 bond written by the above casualty company. The original bond was issued at premium of 4½ per cent and continuation of the bond each steel year was premium of per cent but each continuation specified that there would exist no liability except for one year Attorneys for the casualty company were granted motion by Judge H. Carey that the receiver make more definite his
4.December 13, 1934The Spokesman-ReviewSpokane, WA
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Article Text
BUSINESS IN SOUTH HUMS
W. G. Perrow Returns From Trip district manager the comhas from the annual meeting Chicago visit the Tennessee Valley project Although the project smaller that the Coulee dam, Mr. Perrow found city similar in size that The humming increased retail sales influx He found south much interthe building the Grand Coulee
Bank Receiver Sues.
Suit was filed yesterday United district court by Thomas Lally, receiver for the First National Colville, against Fred Cooney and Edith Cooney Stecounty $750 promissory complaint recites that the was made and that totaling $135 have been made
