22319. North End Bank (Seattle, WA)

Bank Information

Episode Type
Suspension → Closure
Bank Type
state
Start Date
December 2, 1899
Location
Seattle, Washington (47.606, -122.332)

Metadata

Model
gpt-5-mini
Short Digest
a9a49fac

Response Measures

None

Description

Articles report the superior court declaring the North End Bank insolvent and appointment of a receiver (H. R. Clise) after a judgment; later the receiver sues stockholders and states assets are of no value. No mention of a depositor run — this is a suspension/receivership leading to closure. Bank type not specified in articles.

Events (3)
1. December 2, 1899 Receivership
Newspaper Excerpt
Perkins filed a petition asking that the superior court declare the bank insolvent and appoint a receiver. H. R. Clise was named by the court.
Source
newspapers
2. December 2, 1899 Suspension
Cause
Bank Specific Adverse Info
Cause Details
Court judgment against the bank for $29,000; petition sought declaration of insolvency after judgment and appeal; assets described as of no value and indebtedness large.
Newspaper Excerpt
Perkins filed a petition asking that the superior court declare the bank insolvent and appoint a receiver. H. R. Clise was named by the court.
Source
newspapers
3. February 21, 1900 Other
Newspaper Excerpt
H. P. Clise, receiver of the North End bank, commenced suit ... against the stockholders to recover money due on an assessment of $94 a share. The receiver says the assets are of no value, and that the indebtedness is between $45,000 and $50,000.
Source
newspapers

Newspaper Articles (2)
1. December 2, 1899 The Seattle Post-Intelligencer Seattle, WA
Article from The Seattle Post-Intelligencer, December 2, 1899

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Article Text

Receiver for the North End Bank. Through the application of C. G. Perkins for a receiver of the North End bank past days in North Seattle were recalled. Perkins obtained judgment against the bank for $29,000. On appeal the supreme court sustained the judgment. Yesterday afternoon Perkins filed a petition asking that the superior court declare the bank insolvent and appoint a receiver. H. R. Clise was named by the court.

2. February 21, 1900 The Seattle Post-Intelligencer Seattle, WA
Article from The Seattle Post-Intelligencer, February 21, 1900

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Article Text

Stockholders Are Sued. H. P.. Clise, receiver of the North End bank, commenced suit in the superior court yesterday afternoon against the stockholders to recover money due on an assessment of $94 a share. Those against whom claims are made are as follows: D. T. Denny. $940; A. H. King. $940; D. B. Ward, $8,460; W. R. Ballard, $8,460; J. W. Bixby, $17,000. The receiver says the assets are of no value, and that the indebtedness is between $45,000 and $50,000.