19456. Traders Bank (Tacoma, WA)

Bank Information

Episode Type
Suspension → Closure
Bank Type
state
Start Date
January 1, 1894*
Location
Tacoma, Washington (47.253, -122.444)

Metadata

Model
gpt-5-mini
Short Digest
20987a351c5b7624

Response Measures

None

Description

The articles discuss the Traders' Bank of Tacoma which closed/suspended in 1894 and was judicially declared insolvent with a receiver in place. By 1900 assets were being sold and creditors had received large dividends — indicating permanent closure and winding up under a receiver. No run is described in the articles. OCR corrected minor punctuation in bank name (Traders' Bank).

Events (3)
1. January 1, 1894* Suspension
Cause
Bank Specific Adverse Info
Cause Details
Bank was judicially declared insolvent (closed in 1894); insolvency/failure of the bank led to suspension.
Newspaper Excerpt
The remaining assets of the Traders' Bank, which closed in 1894, will be sold at public auction November 10.
Source
newspapers
2. March 29, 1900 Receivership
Newspaper Excerpt
The supreme court has rendered a decision ... holding that the defendant is bound to pay an assessment levied ... upon stockholders in the Traders' bank of Tacoma, which was judicially declared insolvent some years ago. The court holds that the plaintiff, as receiver, can recover the assessment in this suit.
Source
newspapers
3. October 26, 1900 Other
Newspaper Excerpt
The remaining assets of the Traders' Bank, which closed in 1894, will be sold at public auction November 10. The creditors have received dividends amounting to 84 per cent. on liabilities of $205,000, and a small additional dividend is yet to be paid.
Source
newspapers

Newspaper Articles (2)
1. March 29, 1900 The Seattle Post-Intelligencer Seattle, WA
Article from The Seattle Post-Intelligencer, March 29, 1900

Click image to open full size in new tab

Article Text

BANK RECEIVER WINS OUT. Eastern Stockholders in Broken Washington Banks Must Pay Their Assessments. BOSTON, March -The full bench of the supreme court has rendered a decision in favor of the plaintiff in the case of Leonard Howarth, receiver, Vs. Benjamin Lombard, jr., holding that the defendant is bound to pay an assessment levied by the state of Washington supreme court upon stockholders in the Traders' bank of Tacoma, which was judicially declared insolvent some years ago. The court holds that the plaintiff. as receiver of the bank, can recover the assessment in this suit. A like decision was also rendered by the same court in the case of George G. King. receiver of the Washington Savings bank of Seattle vs. James W. Vinal et al., another action to enforce a liability under the law of the same state resting upon the defendants as stockholders in the plaintiffs defunct bank

2. October 26, 1900 The Seattle Post-Intelligencer Seattle, WA
Article from The Seattle Post-Intelligencer, October 26, 1900

Click image to open full size in new tab

Article Text

Respectrudy subttted. ED 8. HAMILTON, E. G. GRIGGS, CAREY L. STEWART, A. U. MILLS, GEORGE P. EATON, Committee on organization. The meeting to organize a state assoclation will be called to order at 11 a. m. Saturday, and subsequent sessions will be held at 2 and 8 p. m. Two thousand invitations have been sent out, and a large and representative delegation is expected from King and other nearby counties. The committee on organization reports that approximately $1,000,000 is annually spent on ronds in this state, mostly without satisfactory results. Several county surveyors will be present and deliver addresses on good roads work and methods of improvement. WIII Be Sold at Anction. Special Dispatch to the Post-Inteingencer. TACOMA, Oct. S-The remaining -a.esets of the Traders' Bank. which closed in 1894, will be sold at public auction November 10, The creditors have received dividends amounting to 84 per cent. on 11abilities of $205,000, and a small additional dividend is yet to be paid. This is the best record made in winding up the affairs of the suspended Tacoma banks.