Article Text
BENN IS KELSO BANK RECEIVER Dec. Senator left for take charge of the First National bank, for which he appointed receiver by the comptroller currency. The bank closed recently.
22212. First National Bank (Kelso, WA)
Bank Information
- Episode Type
- Suspension → Closure
- Bank Type
- national
- Bank ID
- 8639
- Charter Number
- 8639
- Start Date
- December 30, 1931
- Location
- Kelso, Washington (46.147, -122.908)
Metadata
- Model
- gpt-5-mini
- Short Digest
cf44601c
Response Measures
None
Receivership Details
- Depositor recovery rate
- 66.4%
- Date receivership started
- 1931-12-29
- Date receivership terminated
- 1937-06-30
- Share of assets assessed as good
- 39.5%
- Share of assets assessed as doubtful
- 49.9%
- Share of assets assessed as worthless
- 10.6%
Description
Articles report the First National Bank of Kelso was closed and a receiver (E. B. Benn) appointed by the Comptroller of the Currency (Dec. 1931). No newspaper text describes a depositor run; subsequent articles (1932, 1933) reference the ongoing receivership. Classified as suspension leading to permanent closure/receivership (suspension_closure).
Events (4)
1.
April 11, 1907
Chartered
- Source
- historical_nic
2.
December 29, 1931
Receivership
- Source
- historical_nic
3.
December 30, 1931
Receivership
- Newspaper Excerpt
- BENN IS KELSO BANK RECEIVER ... took charge of the First National bank, for which he appointed receiver by the comptroller [of the] currency. (1932 article) Benn, as receiver for the First National ... asked the federal [court] for diamond ring ... (1933 article) Benn ... is also acting as receiver for the First National bank of Kelso.)
- Source
- newspapers
4.
December 30, 1931
Suspension
- Cause
- Government Action
- Cause Details
- Comptroller of the Currency appointed a receiver and the bank was closed; regulatory closure due to bank failure.
- Newspaper Excerpt
- Benn is Kelso Bank receiver ... appointed receiver by the comptroller [of the] currency. The bank closed recently.
- Source
- newspapers
Newspaper Articles (3)
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Article Text
KELSO BANK RECEIVER WANTS DIAMOND RING receiver for the First National of asked the federal for diamond ring In Thursday, Benn declared that the ring had been deposited by Schwartz as curity for $1000 loan.
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Article Text
BANK RECEIVER SUES ON STOCK Collection of $10,000, plus attorney fees of $1,200, is sought by E. B. Benn, as received for the Olympia National bank in suit filed in federal court Wednesday against Flora B. Christenson of Olympia. The money is sought under three causes of action, each seeking assesments on capital stock of the failed bank. Benn, former United States marshal, is also acting as receiver for the First National bank of Kelso.