22255. Othello State Bank (Othello, WA)

Bank Information

Episode Type
Suspension → Closure
Bank Type
state
Start Date
August 1, 1921*
Location
Othello, Washington (46.826, -119.175)

Metadata

Model
gpt-5-mini
Short Digest
07e30dfa

Response Measures

None

Description

Newspaper accounts (Sep 2 and Oct 18, 1921) state the Othello State Bank closed at the request of its directors after a state examination found liquid assets insufficient to meet shrinking deposits; no run is mentioned. Article 2 says the bank closed in August 1921. Classified as suspension_closure (suspension with permanent closure).

Events (1)

1. August 1, 1921* Suspension
Cause
Voluntary Liquidation
Cause Details
Directors requested closure after a state examination found liquid assets insufficient to meet shrinking deposits; inability to continue operations (voluntary closure at directors' request).
Newspaper Excerpt
Othello State Bank Closed. OTHELLO-At the request of the directors the Othello State bank was closed and the state banking department examination determined that liquid assets ... would not meet shrinking deposits ... the closing the doors.
Source
newspapers

Newspaper Articles (2)

Article from Clearwater Republican, September 2, 1921

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Article Text

VASHINGTON NEWS NOTES ecent Happenings in This State Given in Brief Items for Busy Readers Begin Work On Pasco School. PASCO Ground was broken school recently for the $102,000 high building Seattle Street Cars Profit. is SEATTLE Profit of $35,859 shown in the report of the municipal railway for July Ship Winter Bananas. WENATCHEE The first shipped car of Winter Banana apples was from Wenatchee Saturday. Ellensburg Prepares for Fair. ELLENSBURG Details are nearly fair completed for the Kittitas county 18. here September 16. 17 and Infantile Paralysis Spreads. TOPPENISH With three grown down with infantile attacking paralysis persons disease seems to be town. both the children and grownups in Harvest Prune Crop Early. the VANCOUVER Harvest of begin county prune crop will two Clark after September 5. fully schedule. weeks soon ahead of the normal Ship Train Load of Lambs. WALLA WALLA Sheep men sheep reshipped a 31-car train of lambs cently Chicago. They were mostly reserve. that to were fattened in the Wenaha, Enjoins Mine Picketing. SEATTLE Judge Everett signed Smith an superior court here has the Uniin temporarily restraining from order Workers of America ted picketing Mine or "otherwise interfering" with coal mine property. Sells 3,000 Tons of Hay. TOPPENISH- The Washington 3,000 Hay Association has sold Growers' of hay for delivery in Septem- $14 tons The hay brought $11 to to the a ber. ton. Most of the hay will go Coast for dairymen. Wheat Selling at Winona. The Pacific Coat 20,000 EleWINONA company Saturday bought around 90 vator of winter wheat out anbushels bushel. Posters are rundup nouncing cents a the race meet and 30. here September 28, 29 and Mrs. Stubbs Confesses. TACOMA. Mrs. Heler Stubbs, hotel, wife proprietor of the Tacoma almost of the Miss Maude Moore who, and is he years ago to the day, shot automotwo Leroy Harth, wealth She killed bile dealer, of Knoxville. Tenn. has confessed. Will Teach Music at W. c. WASHINGTON STATE COLLEGE. Askin PULLMAN.-1 LaVerne E. inChicago has been appointed the I of vocal music at state of structor in J. Alan Taffs, formerly f college. London. England, has been engaged instructor in piano. I $ Gasoline Tax Nets $100,000. OLYMPIA.--So-called indirect rev- reare bringing the state heavy gasoline enues The income from the and turns. in July was between $90,000 for tax at which rate earninys total , $100,000, it is estimated, will derived the year, than $1,000,000. Funds building c more from this tax go to the road department. e b Othello State Bank Closed. . g OTHELLO-A the request of bank the of the Othello State made g directors state banking department and it y the examination of the bank are h an determined that liquid assets deg was sufficient to meet shrinking interests of d not and that the best served by , posits, depositors would be done. the closing the doors, which was g Limit Truckloads in State. 1 e OLYMPIA After September heavier . trucks carrying loads 21,000 t. motor the statutory maximum wherever of than will be stopped to e, 8, pounds on highways and compelled announced found the excess, it was como o unload by Louis M. Lang, patrol. t recently of the state highway the law mander discovered violating said. g also Those will be prosecuted, he Take Action Soon. N Action of the interstate inSEATTLE. commission in ordering grain and r commerce trastate freight rates on accord: products increased in decision d grain with the Columbia basin in some ance result in the near future jurisdic8. will of action to determine regard to n form the commission with s tion of within the state of Washington, director n rates H. H. Cleland, assistant public p of says the state department of works. r d RECENT DEATHS o S a pioneer. POMEROY.-Mrs. George Stallcop, y SEATTLE. George H. Walker, west. an r attorney widely known in the p WALLA WALLA.-George S. Wil- illness. liams, age 87, after four years'


Article from The Seattle Star, October 18, 1921

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Article Text

Farmers' Bank at Lind Closes Doors OLYMPIA, Oct. 18. The Farmers' State bank at Lind, Adams county, was closed yesterday at the request of the directors. Inability to collect on loans, due to poor crops, is blamed. According to the September state. | ment of the bank, its assets were $106,874 deposit liabilities, $62,374; capital stock, $25,000, and surplus, $2,500. This is the second Adams county bank to suspend business within a few months, the Othello State bank having closed in August.