19470. American Security Bank (Vancouver, WA)

Bank Information

Episode Type
Suspension → Closure
Bank Type
state
Start Date
April 18, 1929
Location
Vancouver, Washington (45.639, -122.661)

Metadata

Model
gpt-5-mini
Short Digest
14d16073444c7eab

Response Measures

None

Description

Articles (dated Apr 18, 1929) report the American Security Bank, Vancouver, WA was closed and taken by the state bank supervisor for liquidation due to inability to keep required cash/reserve levels. No explicit run is mentioned; the action is government supervision leading to closure/liquidation.

Events (2)
1. April 18, 1929 Receivership
Newspaper Excerpt
The bank has been taken by the state bank supervisor for quidation. The bank, state incapitalized stitution, $50,000.
Source
newspapers
2. April 18, 1929 Suspension
Cause
Government Action
Cause Details
Unable to keep required cash/reserve levels; bank was taken by the state bank supervisor for liquidation.
Newspaper Excerpt
to keep the cash to required by to the figure reserve closing of today caused the law the American Security bank here. The bank has been taken by the state bank supervisor for quidation.
Source
newspapers

Newspaper Articles (2)
1. April 18, 1929 Astoria Evening Budget Astoria, OR
Article from Astoria Evening Budget, April 18, 1929

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Article Text

VANCOUVER BANK CLOSES VANCOUVER, Wash., April 18. keep the cash to required by to the figure reserve closing of today caused the law the American Security bank here. The bank has been taken by the state bank supervisor for quidation. The bank, state incapitalized stitution, $50,000.

2. April 18, 1929 The Bulletin Bend, OR
Article from The Bulletin, April 18, 1929

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Article Text

BANK CLOSED Vancouver, Wash., Apr. to keep the cash serve to the figure required by law, today caused the closing of the American Security bank here. The bank had been taken by the state bank supervisor for quidation. The bank was closed following an all night session tended by officers and board of directors, H. H. Hansen, deputy bank supervisor, and Barnes, state bank examiner.