Farmers State Bank - Almira, WA

Bank Information

Episode Type: Suspension → Closure
Bank Type: state
Start Date: October 10, 1930
Location: Almira, Washington (47.711, -118.941)

Metadata

Model: gpt-5-mini
Short Digest: 027caf82

Response Measures

None

Description

Article (White Bluffs Spokesman, 1930-10-10) states 'Failure of the Farmers' State bank at Almira is attributed to crop failures and the low price of wheat.' This describes a permanent failure/closure attributed to local agricultural shocks; no run is mentioned.

Events (1)

1. October 10, 1930 Suspension

Cause: Local Shock
Cause Details: Failure attributed to crop failures and low wheat prices in the area; agricultural downturn reduced bank's solvency or deposits.
Newspaper Excerpt: Failure of the Farmers' State bank at Almira is attributed to crop failures and the low price of wheat.
Source: newspapers

Newspaper Articles (1)

1. October 10, 1930 White Bluffs Spokesman White Bluffs, WA

Article from White Bluffs Spokesman, October 10, 1930

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Article Text

WASHINGTON NEWS ITEMS OF INTEREST Brief Resume of Happenings of the Week Collected for Our Readers. County Game Warden Beusch has planted 10,000 cutthroat trout in the Chehalis river near Pe Ell. University of Washington registration figures indicate that last year's enrollment of 7258 will be surpassed. Howard Flat residents have almost unanimously voted for a $300,000 bond issue to irrigate 1000 acres near Chelan. When United States Senator Jones pressed a key it officially set in mo$1,000,000 hydro-electric plant on the Nisqually river. The annual grange fair at Washougal will be held October 23 to 25. The premium list has been arranged and booths are being made for local merchants. The season for upland birds, deer and bear opened in Clarke county October 1st and hundreds of hunters were out in the foothills in search of deer and birds. Failure of the Farmers' State bank at Almira is attributed to crop failures and the low price of wheat. The losses probably will not be heavy, as deposits totaled only $81,000. With rainfall throughout the Walla Walla district totaling more than 1.10 inches during the past week, farmers will be able to start full seeding operations within the next few days. A dustless highway extending from Puget sound to the Idaho state line via Snoqualmie pass has been completed with the oiling of the last section between Cle Elum and North Bend. A reduction of from 1.5 mills to 2 mills in Spokane county taxes this year is forecast by County Commissioner Collin. The 1930 levy will probably be 58.61 mills as compared with 62.2 last year. During the last month 618 cows were under test by the Lewis County Dairy Herd Improvement association. The average butterfat for 363 of the number was 25.3 pounds, and 647 pounds of milk. Field corn, some of it over 14 feet in height and running 30 tons to the acre with a field average of better than 20 tons, is being cut and placed in a silo on the Andrew E. Larsen ranch near Ellensburg. A mess hall is to be the next improvement at United States Veterans' hospital, it was announced in Walla Walla a few days ago. Plans are being drawn, and it is expected work will be done next year. The long crossover trestle and track of the Milwaukee system from Riverside to southeast Chehalis to make connection with the Cowlitz, Chehalis & Cascade railway is completed and was put in service October 1. The White Salmon exposition, held recently in charge of the Woman's Club, featured farm, orchard and industrial displays, as well as art exhibits, household products, flowers and exhibits of historical interest. Purchase of a $14,000 "snow-go" plow, guaranteed to cut through any snowbank and throw the snow far to the side, is the first step in the campaign to keep the Snoqualmie Pass road open through the winter. Work on the temporary connecting road being put through from Skamokawa to Grays river is proceeding at a satisfactory pace and grading on the Grays river side of the seven-mile stretch is practically completed. Winlock's dream of an up-to-date, modern theater is soon to be realized, Dr. W. W. Webb having made announcement that he will at oñce begin the erection of the new building. Estimate of cost is around $22,000. THE MARKETS Portland