22179. Davenport National Bank (Davenport, WA)

Bank Information

Episode Type
Suspension → Closure
Bank Type
national
Bank ID
7527
Charter Number
7527
Start Date
December 31, 1904
Location
Davenport, Washington (47.654, -118.150)

Metadata

Model
gpt-5-mini
Short Digest
b0823491

Response Measures

None

Receivership Details

Depositor recovery rate
76.8%
Date receivership started
1925-11-17
Date receivership terminated
1931-03-25
OCC cause of failure
Economic conditions
Share of assets assessed as good
40.5%
Share of assets assessed as doubtful
34.3%
Share of assets assessed as worthless
25.1%

Description

Article from 1904 lists 'Davenport, Wash., national bank declared insolvent.' A 1928 item notes payment of dividends by J. L. Erickson, receiver, confirming the bank was closed and in receivership. No article describes a depositor run prior to suspension. OCR errors in Article 2 (DavenNational) were corrected to Davenport National.

Events (4)

1. December 27, 1904 Chartered
Source
historical_nic
2. December 31, 1904 Suspension
Cause
Government Action
Cause Details
Bank declared insolvent and closed (state/federal action leading to insolvency declaration).
Newspaper Excerpt
Davenport, Wash., national bank declared insolvent.
Source
newspapers
3. November 17, 1925 Receivership
Source
historical_nic
4. September 7, 1928 Receivership
Newspaper Excerpt
Payment of a 20 per cent dividend to depositors of the closed Davenport National bank is announced by J. L. Erickson, receiver. Previous dividends totaled 50 per cent.
Source
newspapers

Newspaper Articles (3)

Article from The Broad Ax, December 31, 1904

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Article Text

5-Citizens' bank, McLeod, Okla Akron (0.) Savings bank Chicago Women's Business club. 6-Wanzer & Co., Chicago grain merchants. Dow City (la.) Exchange bank Buck Grove (la.) bank. 18-McCoy's bank. Rensselaer, Ind. May Okla. 12-Farmers State bank, Nardin, 24-First national bank of Cape May, N. J., closed by special order. Jul. 27-First Nat. bank, Saratoga, N. Y.... Grinnei (la.) First Nat. bank. 28-Mauston (Wis.) bank. Oct. 11-Bank of Plaintield, Wis., closed by state commissioner. Nov. 11-Federal Stock and Grain Co., Boston, assigns, liabilities $150.000. 17-Because of run. Berlin, Wis., bank closes. 23-Janney Co., Ottumwa, la., goes to receiver. 25-Davenport, Wash., national bank declared insolvent. 28-Gen. Coxey. of Mount Vernon, O., bankrupt. Liabilities, $287,000. Dec. 8-C. H. Slack & Co., prominent Chicago grocers. Liabilities, $167,000; assets, $100,000. 20-First national bank. Conneaut, and Marine bank, Conneaut Harbor, 0., suspend. 22-Dedham savings bank, Dedham, la., closed.


Article from The Spokesman-Review, March 21, 1928

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Article Text

SUES BANK RECEIVER Joslin Collect From DavenNational on Notes. in equity against the Davenport EckerIts filed federal court yesterday Ema Joalin Walla two $9317. The alleges 1920, the the the two drawn by Charles and Mary Alexander, together with mortgage on their and that since of to the bank property Sale the of title asked by the plaintiff Mrs. D. Adams, 45, Dies. Mrs. 45, died terday She survived by her Bert Adams, family home. E417 Fifth and of and Mrs. but months. Funeral afternoon Turnbull's, the Rev. Erma Wells officiating.


Article from White Bluffs Spokesman, September 7, 1928

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Article Text

WASHINGTON NEWS ITEMS OF INTEREST Brief Resume of Happenings of the Week Collected for Our Readers. Figures compiled by the Centralia fire department show a total of 29 fires in 29 days last month. The formal opening dinner and entertainment at the new Marcus Whitman hotel at Walla Walla was set for September 6. Adam Spencer Bremer, who had been a resident of the Tilton river valley the past 45 years, died at his home near Cinebar. Mrs. Sue B. Harris, 72, Washington pioneer, suffered a $3000 loss when her home at Plaza was destroyed by a fire caused by children playing with matches. Four-year-old Arthur Morrin Gustafson of Bellingham is dead at Auburn, a bullet through his head, because he tried to play cowboy with a loaded revolver. The first shipment of canned fruit from the Washington Canners' Cooperative, Inc., was made last week when 1000 cases left Vancouver for England. The annual Grays Harbor county fair was one of the best ever held in that county. Approximately 125 of the fastest horses in the west competed in the racing. While assisting in unloading pears at the Libby, McNeil & Libby plant in Yakima last week, Nicholas Michaelis, 68 years old, dropped dead from a heart attack. Payment of a 20 per cent dividend to depositors of the closed Davenport National bank is announced by J. L. Erickson, receiver. Previous dividends totaled 50 per cent. Sweet potatoes have yielded well this year in the irrigated district of the lower Satus valley on the Yakima Indian reservation. A crop of fine quality has been obtained. Grading and surfacing 13 miles of the North Bank highway between Stevenson and Beacon Rock will be completed this fall, State District Engineer Schwarz said recently. The Spirit Lake Park, Inc., filed articles of incorporation at the Cowlitz county auditor's office recently. The company was formed to develop a hotel and recreational park at Spirit lake. Because of continued heavy losses to his flock of sheep from raids by bears, J. M. Lynch, farmer of the Rose valley district east of Kelso, is planning to retire from the sheep business. The Northwestern Electric company is building two miles of distributing line to serve 12 or more farms near Woodland. The line extends along the Whalen road, southwest of Woodland. More than 100 descendants of Michael Simmons, noted Washington pioneer, met in Olympia August 26, the occasion being the 64th wedding anniversary of Mr. and Mrs. C. C. Simmons. More than 200 members of the Hotel Greeters of America, Pacific northwest chapter, are expected for the annual convention of the organization to be held in Olympia, beginning September 7. Sam Kiefer, widely known poethumorist and managing secretary of the Yakima county farm bureau, has tendered his resignation to President Dwinnell of Outlook, to take effect immediately. Radio communication between the forest supervisor's office in Vancouver and the central dispatch office at Hemlock, in the Wind River valley of the Columbia national forest, was established last week. Breaking all former records for registration, the total number of qualified voters in Yakima county is 23,711, according to figures compiled at the county auditor's office. The city registration is 7554 votes, while the county precincts registered 16,151. An appeal for funds from all of its chapters in the state of Washington was broadcast from the Pacific branch office of the American Red Cross at San Francisco, to aid in rehabilitation work at the town of Ronald, one-third of which was destroyed by fire on August 18. Dispatches from workers on the scene state that 32 houses were destroyed, leaving 170 persons home less, of which 86 are children. Warning against rabies in the dis trict around Orondo, because of dis covery of an infected calf, was mad. recently by Dr. C. P. Fay, veterinary He warned people against bites froi dogs in that district.