Whitman County National Bank

Bank Information

Episode Type: Suspension → Closure
Bank Type: national
Bank ID: 9273
Charter Number: 9273
Start Date: February 18, 1937
Location: Rosalia, Washington (47.236, -117.370)

Metadata

Model: gpt-5-mini
Short Digest: 0fba6154

Response Measures

None

Receivership Details

Depositor recovery rate: 100.0%
Date receivership started: 1934-04-25
Date receivership terminated: 1937-08-27
Share of assets assessed as good: 86.5%
Share of assets assessed as doubtful: 12.3%
Share of assets assessed as worthless: 1.2%

Description

Article (Feb 18, 1937) reports the bank is in receivership under Thomas A. F. Lally and that a 30% dividend (checks totalling $63,826) will be mailed, bringing deposit repayment to 100%. No run is described; the bank was closed and placed in receivership (government action).

Events (5)

1. November 13, 1908 Chartered

Source: historical_nic

2. April 25, 1934 Receivership

Source: historical_nic

3. February 18, 1937 Other

Newspaper Excerpt: Checks totaling $63,826, the equivalent of a 30 per cent dividend, will be mailed within a week to 472 depositors ... This will bring repayment because of deposits to 100 per cent.
Source: newspapers

4. * Receivership

Newspaper Excerpt: Receiver Thomas A. F. Lally. Checks totaling $63,826, the equivalent of a 30 per cent dividend, will be mailed within a week to 472 depositors of the Whitman County National bank of Rosalia
Source: newspapers

5. * Suspension

Cause: Government Action
Cause Details: Bank was placed in receivership (closed by receiver); payments being made by receiver
Newspaper Excerpt: Receiver Thomas A. F. Lally. Checks totaling $63,826, the equivalent of a 30 per cent dividend, will be mailed within a week to 472 depositors of the Whitman County National bank of Rosalia
Source: newspapers

Newspaper Articles (1)

1. February 18, 1937 Coulee City Dispatch Coulee City, WA

Article from Coulee City Dispatch, February 18, 1937

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Article Text

WASHINGTON NEWS ITEMS OF INTEREST Brief Resume of Happenings of the Week Collected for Our Readers Carson Land belonging to the Shepherd Springs corporation will be sold for taxes by Sheriff Borden of Skamania county at the courthouse in Stevenson on February 27th. Montesano - Charles Thomas of Quinault was elected president of the Grays Harbor County School Director's association last week, succeeding T. D. Gleeson of Brady. Mrs. Edna McLeod, deputy county superintendent, was named secretary. White Salmon - As soon as. the weather permits, asparagus growers along the Columbia river at Bingen and White Salmon-will start preparations for the 1937 "grass" and truck garden produce that has for years made this rich strip of land profitable to owners. Pullman-Two complete buildings under the same roof form the new women's dormitory, rapidly nearing completion on the Washington State college campus. One wing of the building will be opened this month. The hall will have two housemothers and each half of the building will be considered a seperate dormitory in itself. Colfax-Karl W. Moore, Spokane, has filed suit in superior court against Joe Pierce, Colfax, for $292 damages to Moore's car, alleged suffered January 23, when the car hit a mule owned by Pierce on the Inland Empire highway, two miles north of here. Negligence in permitting the mule on the highway unattended was the charge. Pullman-Dr. Mary Kennedy Turner, a graduate of the University of Oregon medical school, has been appointed campus physician under a new permanent health program at Washington State college. Her appointment is for six months, subject to the approval of the board of regents. She is the first regular resident physician to serve here. Hoquiam-Advancing interest in oil drilling activities on the Quinault Indian reservation was forecast today by officials of the Taholah Indian agency who said representatives of a drilling firm sought information this morning concerning leasing 3000 acres of Indian land near Queets. Should the firm make formal application, bids will be called, with other concerns, including the Peoples' Oil and Gas company, expected to seek the properties, the officials said. Rosalia-Checks totaling $63,826, the equivalent of a 30 per cent dividend, will be mailed within a week to 472 depositors of the Whitman County National bank of Rosalia, it was expected by Receiver Thomas A. F. Lally. Checks are en route from Washington, D. C., to the receiver. This will bring repayment because of deposits to 100. per cent. Sufficient remaining assets warrant the belief that the depositors can also be paid the legal 6 per cent interest by the end of this year.