Article Text
BENN IS KELSO BANK RECEIVER Dec. Senator left for take charge of the First National bank, for which he appointed receiver by the comptroller currency. The bank closed recently.
19259. First National Bank (Kelso, WA)
Bank Information
- Episode Type
- Suspension → Closure
- Bank Type
- national
- Bank ID
- 8639
- Charter Number
- 8639
- Start Date
- December 1, 1931*
- Location
- Kelso, Washington (46.147, -122.908)
Metadata
- Model
- gpt-5-mini
- Short Digest
1007a7e86c236559
Response Measures
None
Receivership Details
- Depositor recovery rate
- 66.4%
- Date receivership started
- 1931-12-29
- Date receivership terminated
- 1937-06-30
- Share of assets assessed as good
- 39.5%
- Share of assets assessed as doubtful
- 49.9%
- Share of assets assessed as worthless
- 10.6%
Description
Articles (1931–1933) report the First National Bank of Kelso was closed and the Comptroller of the Currency appointed a receiver (E. B. Benn). No newspaper text describes a depositor run; subsequent items discuss the receiver's actions, confirming the bank remained closed and in receivership.
Events (4)
1.
April 11, 1907
Chartered
- Source
- historical_nic
2.
December 1, 1931*
Receivership
- Newspaper Excerpt
- BENN IS KELSO BANK RECEIVER ... appointed receiver by the comptroller currency. The bank closed recently. Later articles (1932–1933) reference E. B. Benn acting as receiver for the First National bank of Kelso and pursuing claims on failed-bank assets and collateral (diamond ring, stock assessments).
- Source
- newspapers
3.
December 1, 1931*
Suspension
- Cause
- Government Action
- Cause Details
- Comptroller of the Currency appointed a receiver and the bank was closed by federal action (receiver appointed).
- Newspaper Excerpt
- Dec. Senator left for take charge of the First National bank, for which he appointed receiver by the comptroller currency. The bank closed recently.
- Source
- newspapers
4.
December 29, 1931
Receivership
- Source
- historical_nic
Newspaper Articles (6)
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Article Text
KELSO BANK RECEIVER WANTS DIAMOND RING receiver for the First National of asked the federal for diamond ring In Thursday, Benn declared that the ring had been deposited by Schwartz as curity for $1000 loan.
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Article Text
BENN MAY LOSE HIS SENATORSHIP By Sept. not Grays Harbor will elect senator replace Senator Ed Benn will depend on ruling of the attorney on the question of whether not Senator Benn qualified from holding office because of his acceptance of the position receiver of national bank Kelso. If this position comes within the the which bars the holder of federal office from serving in the State Legis!ature, Mr. Benn's will elected. was expected, at the November general election. Candidates be named by the parties and the would go on the general ballot. Mr. Benn was elected serve four years. He did not know until this week that his position bank receiver might conflict with his State Senate position and, when informed of this joined asking the Republican mittee in having an opinion rendered.
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Article Text
E. B. BENN OUT OF SENATE Dunbar Rules Job as Bank Receiver Disqualifies Him. Attorney General John H. Dunbar, to Attorney Paul Manley of Grays Harbor today the opinion that B. Benn no longer eligible to hold in the state senate. Benn about six months ago was pointed of national bank Kelso, and under the state law thus became ineligible for the state legislature.
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Article Text
E. B. BENN OUT OF SENATE Dunbar Rules Job as Bank Receiver Him. ABERDEEN, Wash., Oct. Attorney General John H. Dunbar, in to Attorney Paul O. Manley of Grays Harbor today expressed opinion that B. Benn longer eligible hold the state senate. Benn about six ago was appointed of national bank at Kelso, under the state law thus became ineligible for the state legislature.
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Article Text
BANK RECEIVER SUES ON STOCK Collection of $10,000, plus attorney fees of $1,200, is sought by E. B. Benn, as received for the Olympia National bank in suit filed in federal court Wednesday against Flora B. Christenson of Olympia. The money is sought under three causes of action, each seeking assesments on capital stock of the failed bank. Benn, former United States marshal, is also acting as receiver for the First National bank of Kelso.