19237. National Bank (Ellensburg, WA)

View Charter #11045 on SPMC

Bank Information

Episode Type
Suspension → Closure
Bank Type
national
Bank ID
11045
Charter Number
11045
Start Date
March 29, 1934
Location
Ellensburg, Washington (46.997, -120.548)

Metadata

Model
gpt-5-mini
Short Digest
6f398930443cec7b

Response Measures

None

Receivership Details

Depositor recovery rate
63.7%
Date receivership started
1933-11-10
Date receivership terminated
1938-05-13
Share of assets assessed as good
32.8%
Share of assets assessed as doubtful
55.9%
Share of assets assessed as worthless
11.4%

Description

Articles (Mar–Aug 1934) refer to a receiver for the National Bank of Ellensburg and legal actions involving the receiver. No article describes a depositor run. The presence of a receiver indicates the bank was closed and placed in receivership (permanent closure). The suspension date is not explicitly given in the clippings; receiver referenced in the March 29, 1934 article.

Events (3)
1. July 27, 1917 Chartered
Source
historical_nic
2. November 10, 1933 Receivership
Source
historical_nic
3. March 29, 1934 Receivership
Newspaper Excerpt
Hanna held the receiver for the National Bank of Ellensburg could not be held to pay either delinquent or current taxes on holdings under his supervision.
Source
newspapers

Newspaper Articles (2)
1. March 29, 1934 The Seattle Star Seattle, WA
Article from The Seattle Star, March 29, 1934

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Article Text

CLOSED BANKS DODGE TAXES Property Is Exempt, State Rules, From Levies OLYMPIA, March Bank receivers are exempt from paying personal or property taxes on holdings under their supervision, Assistant Attorney General John W. Hanna said today in letter to Spencer Short Prosecuting attorney of Kittitas county. Hanna held the receiver for the National Bank of Ellensburg could not be held to pay either delinquent or current taxes assessed and levied on stockholders or on personal property in his hands as such "Such tax would be tax on the assets of the bank, which belong the bank's creditors," Hanna said.

2. August 1, 1934 The Spokesman-Review Spokane, WA
Article from The Spokesman-Review, August 1, 1934

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Article Text

IRRIGATION REGION NICE YOUNG MAN LEAVES CHECKS Officers Looking Into Operations of "Arthur Candidates File. SUE ON BANK STOCK of Ellensburg House Interest, July here the operations manner signed Ostrander" "Ostrander Fruit to checks and passed them on Yakima merchants. Leap Into Campaign. Alfred Hillyer, Sunnyside newspaper publisher, filed the republican primary nomination for the state from the Fifteenth district. George Martin. Harrah, republican, has filed the state senatorship that district. he Hews, Yakima, republican, the has filed for second term state representative from Fourteenth district. Jesse C. filed for state representative from the Lower Valley Fairview, rancher, filed for the district, the 16th candidate for that office. Sue on Bank Suit was filed in federal court here against H. and his Marie Snowden, for $20,000, Charles receiver for the National Bank of Ellensburg. The sum, plus per cent interest since March claimed under the bank stock, help pay debts. The Snowdens assessed for 205 shares, but did not pay, the complaint alleges. Two Ask Divorces. After having divorce filed year ago, Mrs. Margaret Ditter filed new for divorce from Amor order was issued, him from her. Goldie filed suit for divorce from Colvin D., alleging failure Parole Violator Nabbed. Solar Gines caught going through garments at the Fuller Paint store, said he was from New York city, be man recently tried Seattle burglary charge. He had been paroled from state and probably be returned there.