Scandinavian American Bank

Bank Information

Episode Type: Suspension → Closure
Bank Type: state
Start Date: May 5, 1926
Location: Seattle, Washington (47.606, -122.332)

Metadata

Model: gpt-5-mini
Short Digest: 4e2faf85

Response Measures

None

Description

Articles (May 5–6, 1926) discuss the bank having a receiver and payments to the receiver's attorney; no mention of a depositor run or reopening. This indicates the bank was in receivership (suspended and effectively closed). Bank charter/type not specified in text, so set to unknown.

Events (1)

1. May 5, 1926 Receivership

Newspaper Excerpt: I removed him from a nice juicy job as receiver's attorney of the Scandinavian American Bank in Seattle to save money to depositors. He received $39,348 for his personal services. His firm's charges totaled $131,777 ... paid $131,000 Attorney fees in this bank case before he was removed and that additional court's costs, all from the funds of depositors in the bank, were $450,000.
Source: newspapers

Newspaper Articles (3)

1. May 5, 1926 Seward Daily Gateway Seward, AK

Article from Seward Daily Gateway, May 5, 1926

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Article Text

REFUSES KOWTOW TO MEN TYPE OF TANNER DECLARES HARTLEY IN ADDRESS STATES POST INTELLIGENCER UNDER CONTROL FORMER ATTORNEY GENERAL REMOVED HIM, JUICY JOB Will Not Crawl on Hands and Knees for Newspaper Support so Willing Lose Out Race SEATTLE, May 5.-Governor Hartley in an address last night said the Seattle Post-Intelligencer was under the control of W. V. Tanner, former attorney general "and has been particularly pernicious" in misrepresenting him. The Governor explained, "I removed him from a nice juicy job as receivers attorney of the Scandinavian American Bank in Seattle to save money to depositors. He received $39,348 for his personal services. His firm's charges totaled $131,777 and if I must crawl on my hands and knees to kowlow to men like Tanner for their newspaper support, I won't have it."

2. May 6, 1926 The Alaska Daily Empire Juneau, AK

Article from The Alaska Daily Empire, May 6, 1926

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Article Text

HARTLEY GIVES ADDRESS ABOUT SCHOOL ISSUES Make Public Talk in Seattle and Flays Several of His Opponents. SEATTLE, May 6.-Gov. R. H. Hartley, in an address last night in the Eagles' Hall, which he had rented and invited everybody to attend, said the Seattle Post-Intelligencer is under the control of M. V. Tanner, former Attorney General. "Tanner has been particularly pernicious" in misrepresenting him, Gov. Hartley said, and explained: "I removed him from a nice juicy job as receiver's attorney for the Scandinavian-American Bank of Seattle, to save money for the depositors. He received $39,348 for his personal services and his firm totaled $137,177. If I must crawl

3. May 6, 1926 The Wrangell Sentinel Wrangell, AK

Article from The Wrangell Sentinel, May 6, 1926

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Article Text

SEATTLE, May 6. - Governor Hartley in a speech replying to the onslaughts of the Press of the state, particularly the Post-Intelligencer Times, said he was merely insisting that the thirty-nine percent taxes the people of the state pad for education purposes be judiciously and honestly expended. He charged that the attacks of the Post-Intelligencer resulted from his removal of Vaughn Tanner, former Attorney General of the state and now the director of Post-Intelligencer policies for Hearst, from a juicy job as attorney for receiver direct of the Scandinavian American bank of Seattle in which many Alaskans were depositors. Tanner and his assistants, the Governor asserted, had been paid $131,000 Attorney fees in this bank case before he was removed and that additional court's costs, all from the funds of depositors in the bank, were $450,000.