American Security Bank - Kennewick, WA

Bank Information

Episode Type: Suspension → Closure
Bank Type: state
Start Date: January 1, 1924*
Location: Kennewick, Washington (46.211, -119.137)

Metadata

Model: gpt-5-mini
Short Digest: 34e378b8

Response Measures

None

Description

Article states the American Security suspended business in 1924 and liquidated. No mention of a depositor run or specific cause; liquidation appears to be permanent closure. Exact date (month/day) not given.

Events (3)

1. January 1, 1924* Other

Newspaper Excerpt: suspended business in 1924 and liquidated.
Source: newspapers

2. January 1, 1924* Receivership

Newspaper Excerpt: suspended business in 1924 and liquidated.
Source: newspapers

3. January 1, 1924* Suspension

Cause: Voluntary Liquidation
Cause Details: Article notes the bank suspended business in 1924 and liquidated with no further cause or mention of runs or government action.
Newspaper Excerpt: the American Security, suspended business in 1924 and liquidated.
Source: newspapers

Newspaper Articles (1)

1. July 22, 1949 The Kennewick Courier-Reporter Kennewick, WA

Article from The Kennewick Courier-Reporter, July 22, 1949

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Article Text

was capitalized at $50,000. That was quite a sum of money those days for Kennewick. Total deposits were $350,000 compared to deposits of $6 millions today. At one time there were two banks in Kennewick. The other, the American Security, suspended business in 1924 and liquidated. One of the changes which Tweet saw take place was when the bookkeeping was changed from the pen and ink system to adding machines. Biggest growth the present bank had was during the war when deposits reached to more than $7 millions. Banking here centers around four types of loans, Tweet says, Title 2 and Title 1 FHA loans, commercial loans, consumer loans, and general real estate