Opportunity State Bank - Opportunity, WA

Bank Information

Episode Type: Suspension → Closure
Bank Type: state
Start Date: January 17, 1931*
Location: Opportunity, Washington (47.657, -117.240)

Metadata

Model: gpt-5-mini
Short Digest: 9dcba2fb

Response Measures

None

Description

Article (Spokane Press, 1932-09-26) describes a receiver (Moody) for Opportunity State Bank and civil action over alleged withdrawals by a teller (Charles Arlington Schureman) in 1931. No mention of a depositor run; the bank had a receiver, implying suspension and closure. OCR errors in the excerpt corrected (e.g., names Somer/Schureman).

Events (3)

1. January 17, 1931* Suspension

Cause: Bank Specific Adverse Info
Cause Details: Alleged withdrawals/embezzlement by a teller (Charles Arlington Schureman) in 1931 led to receiver being appointed.
Newspaper Excerpt: civil action growing out of leged withdrawals from the Opportunity State bank by Charles Arlington Schureman one of the tellers... Moody, receiver for the bank
Source: newspapers

2. September 26, 1932 Other

Newspaper Excerpt: Deposit Company Asks Payment of $3000 in Opportunity Case. ... The deposit company, after paying the bond, claims the bank was in error in that they failed to make good the payment after Schureman had arranged to cover the withdrawals.
Source: newspapers

3. * Receivership

Newspaper Excerpt: Moody, receiver for the bank; Deposit Company Asks Payment of $3000 in Opportunity Case. civil action growing out of alleged withdrawals ... started in Judge Lindsley's court Monday when the Fidelity Maryland brought suit against Moody, receiver for the bank.
Source: newspapers

Newspaper Articles (1)

1. September 26, 1932 The Spokane Press Spokane, WA

Article from The Spokane Press, September 26, 1932

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Article Text

BANK RECEIVER SUED Deposit Company Asks Payment of $3000 in Opportunity Case. civil action growing out of leged withdrawals from the Opportunity State bank by Charles Arlington Schureman one of the tellers. started in Judge Lindsley's court Monday when the Fidelity Maryland brought suit again Moody, receiver for the bank According to the complaint and testimony offered in court, bond for $3000 arranged by the bank president, Somer, to any possible fault on the part said further that 17, 1931, chargthat had withdrawn total of $7000. all but $3000 which covered by deposits. The deposit company, after paying the bond. claims the bank was in error in that they failed to make good the payment after Schureman had arranged to cover the drawals.' James Williams is counsel for the company. The case continued in the afternoon.