19285. Opportunity State Bank (Opportunity, WA)

Bank Information

Episode Type
Suspension → Closure
Bank Type
state
Start Date
April 1, 1931*
Location
Opportunity, Washington (47.657, -117.240)

Metadata

Model
gpt-5-mini
Short Digest
f20eb47f38996216

Response Measures

None

Description

Articles (Spokane Press, 1932-09-26) state the bank had a receiver (Moody) and legal action over alleged teller withdrawals in April 1931. No mention of a depositor run or reopening; the bank is in receivership and being sued, consistent with a suspension leading to closure/receivership. OCR errors in articles corrected (e.g., 'Arlington' for teller name).

Events (3)
1. April 1, 1931* Other
Newspaper Excerpt
alleged withdrawals from the Opportunity State bank by Charles Arlington Schureman ... on April 1931 charged that Schureman had withdrawn total of $7000
Source
newspapers
2. * Receivership
Newspaper Excerpt
Fidelity Maryland Deposit company brought suit against Moody, receiver for the bank
Source
newspapers
3. * Suspension
Cause
Government Action
Cause Details
Bank placed in receivership (Moody named receiver) and is being litigated; indicates suspension/closure rather than a temporary stop
Newspaper Excerpt
Moody, receiver for the bank
Source
newspapers

Newspaper Articles (2)
1. September 26, 1932 The Spokane Press Spokane, WA
Article from The Spokane Press, September 26, 1932

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Article Text

RECEIVER Deposit Company Asks Payment of $3000 in Opportunity Case. civil action growing out of leged withdrawals from the Opportunity State bank by Charles lington Schureman one of the tellers, started in Judge Lindsley's court Monday when the Fidelity Maryland Deposit company brought suit again Moody, receiver for the According to the complaint and testimony offered in court, bond for $3000 arranged the bank M. Somer, any possible fault on the part Schureman. was said further that on April 1931, charg. ed that Schureman had withdrawn total of all but $3000 which was covered by deposits. The deposit company, after pay. ing the bond. claims the bank was error in that they failed to make good had the after Schureman arranged to cover the drawals. James Williams is counsel for the company The case was continued in the afternoon.

2. September 26, 1932 The Spokane Press Spokane, WA
Article from The Spokane Press, September 26, 1932

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Article Text

BANK RECEIVER SUED Deposit Company Asks Payment of $3000 in Opportunity Case. civil action growing out of leged withdrawals from the Opportunity State bank by Charles Arlington Schureman one of the tellers. started in Judge Lindsley's court Monday when the Fidelity Maryland brought suit again Moody, receiver for the bank According to the complaint and testimony offered in court, bond for $3000 arranged by the bank president, Somer, to any possible fault on the part said further that 17, 1931, chargthat had withdrawn total of $7000. all but $3000 which covered by deposits. The deposit company, after paying the bond. claims the bank was in error in that they failed to make good the payment after Schureman had arranged to cover the drawals.' James Williams is counsel for the company. The case continued in the afternoon.