Puget Sound National Bank

Bank Information

Episode Type: Suspension → Closure
Bank Type: national
Bank ID: 2966
Charter Number: 2966
Start Date: August 8, 1896
Location: Seattle, Washington (47.606, -122.332)

Metadata

Model: gpt-5-mini
Short Digest: b6ce6598

Response Measures

None

Description

Article (Seattle Post-Intelligencer, 1896-08-08) reports the bank examiner turned over assets from Receiver Church to A. S. Taylor, agent of the stockholders, and that the depositors [were] being paid in full with interest from the date of suspension. No run is described. OCR typo corrected: Recelver -> Receiver. This indicates a prior suspension and resolution/closure with receivership and payment to depositors.

Events (5)

1. June 4, 1883 Chartered

Source: historical_nic

2. August 8, 1896 Other

Newspaper Excerpt: the affairs of the bank had been closed up, the depositors being paid in full with interest at 8 per cent. from the date of suspension.
Source: newspapers

3. August 8, 1896 Receivership

Newspaper Excerpt: Bank Examiner Clary ... turned over the assets of the Puget Sound National bank from Receiver Church to A. S. Taylor, agent of the stockholders.
Source: newspapers

4. May 14, 1910 Voluntary Liquidation

Source: historical_nic

5. * Suspension

Cause: Government Action
Cause Details: Bank was in hands of a receiver (receiver Church) and had suspended earlier; examiner turned over assets to stockholders' agent and depositors paid.
Newspaper Excerpt: the depositors being paid in full with interest at 8 per cent. from the date of suspension.
Source: newspapers

Newspaper Articles (1)

1. August 8, 1896 The Seattle Post-Intelligencer Seattle, WA

Article from The Seattle Post-Intelligencer, August 8, 1896

Click image to open full size in new tab

Article Text

Hoko river in Clallam county, where they put in a boom three months ago. They will put in from 15,000,000 to 20,000,000 feet of logs & year. The street car track in this city has been extended up the hill to the Hotel Monte Cristo, and a trial trip was made this week. Bank Examiner Clary was in town this week, and turned over the assets of the Puget Sound National bank from Recelver Church to A. S. Taylor, agent of the stockholders. The bank examiner in conversation with outside parties spoke in very complimentary terms of the manner in which the affairs of the bank had been closed up, the depositors being paid in full with interest at 8 per cent. from the date of suspension. An ecclesiastical council was held in the Congregational church at Edmonds on Wednesday to examine and ordain F. C. Butler. The ordination services took place in the evening as follows: Charge to the pastor, Rev. W. C. Merritt, of Snohemish: ordaining prayer, Rev. Green, of Seattle: charge to the people, Rev. T. W. Butler, of Vancouver, Wash.; right hand of fellowship, Rev. Bailey, of Seattle; benediction, Rev. F. C. Butler, of Edmonds. The educational staff of the Everett public schools for the ensuing year will be as follows: Superintendent, Prof. Friars: Jefferson school, principal, Miss Loughney: Mrs. MacKenzie, Mr. Merrifield, Miss McAllister. Miss Porter, Miss Reicheneker, Mrs. Wall; Monroe school, principal, Mr. Sherwood: Miss King, Miss Whiting, Miss Bailey, Miss Padfield, Miss Carver, Miss McRae: Barge works, Mr. Dickey: High school, Miss Remington and Miss Gray.