Scandinavian American Bank

Bank Information

Episode Type: Suspension → Closure
Bank Type: state
Start Date: *
Location: Tacoma, Washington (47.253, -122.444)

Metadata

Model: gpt-5-mini
Short Digest: 32b41823

Response Measures

None

Description

Article is an obituary (1962) that briefly mentions the historical 'failure of the Scandinavian - American Bank of Tacoma, Wash.' No run or dates are provided; context implies a permanent failure (closure) tied to legal/financial troubles of its president Jafet Lindeberg. I classify this as a suspension/closure with receivership, but the article gives no dates or specific cause beyond legal/financial troubles, so cause is coded as bank_specific_adverse_info.

Events (2)

1. * Receivership

Newspaper Excerpt: the failure of the Scandinavian - American Bank of Tacoma, Wash., of which he was president.
Source: newspapers

2. * Suspension

Cause: Bank Specific Adverse Info
Cause Details: Article states the bank 'failed' in connection with legal battles and the president's troubled operations; no further specifics given.
Newspaper Excerpt: the failure of the Scandinavian - American Bank of Tacoma, Wash., of which he was president.
Source: newspapers

Newspaper Articles (1)

1. November 12, 1962 The Nome Nugget Nome, AK

Article from The Nome Nugget, November 12, 1962

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Article Text

Jafet Lindeberg Dead at Age of SAN FRANCISCO-Jafet Lindeberg, shipwrecked Scandinavian seaman, who parlayed a $200 grubstake into a multi-million dollar mining empire in turn-of-the-century Alaska, died here last week at Children's Hospital. He was 88. Mr. Lindeberg, key figure in several titanic legal battles over mining and banking operations in Alaska, Washington and California during the 1920s, was active in running a group of tungsten mines in Nevada until shortly before his death. The colorful miner's early career was marked with a frantic series of suits and countersuits with his operation of the Blue Goose Mining Company of Alaska, and the failure of the Scandinavian - American Bank of Tacoma, Wash., of which he was president. Several times Mr. Lindeberg's San Francisco attorney fought off extradition to Washington by waving authorities away with a shotgun. The energetic miner traveled to St. Petersburg in 1910, sued the Governor of Siberia for $77,000 lost in a gold concession, and won. Mr. Lindeberg made his home in San Francisco since the early 1900s. He is survived by his wife, Josephine. Funeral services were held last Thursday and interment was made at Cypress Gardens Memorial Park.