22343. Seattle Savings Bank (Seattle, WA)

Bank Information

Episode Type
Suspension → Closure
Bank Type
savings bank
Start Date
January 1, 1894*
Location
Seattle, Washington (47.606, -122.332)

Metadata

Model
gpt-5-mini
Short Digest
1a03845b

Response Measures

None

Description

Articles reference a receiver and receiver's report (assets in excess of liabilities) and a pending suit by the receiver later in 1894. No article describes a depositor run; the bank was in receivership and appears to have been closed/permanently under a receiver.

Events (2)

1. January 1, 1894* Suspension
Cause
Government Action
Cause Details
Bank placed in receivership (receiver's report referenced); bank suspended operations and a receiver was handling affairs.
Newspaper Excerpt
One of the recent employes of the Seattle Savings Bank of Seattle says ... the receiver's report showed an excess of $87,000 assets above liabilities
Source
newspapers
2. October 28, 1894 Receivership
Newspaper Excerpt
D. A. Spencer, receiver, vs. Seattle Savings bank - November 13 (case set for trial). D. A. Spencer, receiver, vs. Seattle -National bank - November 13 . . .
Source
newspapers

Newspaper Articles (2)

Article from Idaho County Free Press, January 12, 1894

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Article Text

FAILED TO RAISE BONDS. Edmiston, the Bank Wrecker, Still in Custody of the Sheriff. WALLA Walla, Jan. 5.-J. K. Edmiston has not yet made any effort to procure bonds for his release and is still in the custody of the sheriff. One of the recent employes of the Seattle Savings Bank of Seattle says that Mr. Edmiston's presence in Idaho is easily accounted for. The land examiner for the bank, John L Austin, was at Idaho Falls, Idaho, and Mr. Edmiston was evidently going there to confer with him in regard to securities. He stated that it was only a question of time when the Seattle bank would pay dollar for dollar, as the receiver's report showed an excess of $87,000 assets above liabilities, a


Article from The Seattle Post-Intelligencer, October 28, 1894

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Article Text

Cases Set for Trial. The following cases were assigned for trial by Judge Osborn yesterday: D. N. Taylor vs. M. F. Nelson et al.-November 12. D. A. Spencer, receiver, vs. Seattle Savings bank-November 13. D. A. Spencer, receiver, vs. Seattle -National bank-November 13. John H. Powell vs. Charles F. Fishback -November 14. T. P. Dyer vs. R. R. Drummond et al.November 14. Bay View Brewing Company vs. M. A. Morse-November 16. C. F. Le Ballister vs. Port Discovery Mill Company et al.-November 16.