Kalama State Bank - Kalama, WA

Bank Information

Episode Type: Suspension → Closure
Bank Type: state
Start Date: December 17, 1920
Location: Kalama, Washington (46.008, -122.845)

Metadata

Model: gpt-5-mini
Short Digest: c03dd1d2

Response Measures

None

Description

Article (Washington Standard 1920-12-17) reports the Kalama State Bank failed several years ago and that final payment on funds tied up in the failed bank was made; no run is described. This indicates a prior suspension/failure with receivership and eventual repayment to depositors. Exact failure date not given.

Events (2)

1. December 17, 1920 Other

Newspaper Excerpt: The final payment on $7,287.14 which was the original sum in the bank at the time it failed, amounted to $1,107.71, according to the yearly report of the city treasurer to the bureau of inspection.
Source: newspapers

2. * Receivership

Newspaper Excerpt: the money tied up in the Kalama State Bank when the bank failed several years ago, has been paid back.
Source: newspapers

Newspaper Articles (1)

1. December 17, 1920 Washington Standard Olympia, WA

Article from Washington Standard, December 17, 1920

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Article Text

KALAMA RECOVERS MONEY HELD BY DEFUNCT BANK In the report of the town of Kalama issued last Friday by the bureau of inspection, it is shown that the last payment on the large amount of money tied up in the Kalama State Bank when the bank failed several years ago, has been paid back. The final payment on $7,287.14 which was the original sum in the bank at the time it failed, ammounted to $1,107.71, according to the yearly report of the city treasurer to the bureau of inspection. The report also shows that more money was expended during the year in the city than was provided for in the yearly budget. This, according to the report, was the result of outstanding warrants, which at the present time amouated to $2,794.79 more than they were at the beginning of the period, which was on October 15, 1919. This was largely due to street improvements, the money for which came out of the general fund instead of by assessments.