Central Bank - Toppenish, WA

Bank Information

Episode Type: Suspension → Closure
Bank Type: state
Start Date: February 23, 1933
Location: Toppenish, Washington (46.377, -120.309)

Metadata

Model: gpt-5-mini
Short Digest: b25504e7

Response Measures

None

Description

The article (Feb 23, 1933) refers to the defunct Central bank of Toppenish and distribution of dividends to depositors, indicating the bank previously failed and is being liquidated/has a receiver. No run or temporary suspension is described in the text; therefore classified as suspension leading to closure/receivership.

Events (1)

1. February 23, 1933 Receivership

Newspaper Excerpt: Distribution of $7217, representing an 8 per cent. dividend, from the defunct Central bank of Toppenish is being made to depositors. Two prior dividends, amounting to 65 per cent., have been made.
Source: newspapers

Newspaper Articles (1)

1. February 23, 1933 White Bluffs Spokesman White Bluffs, WA

Article from White Bluffs Spokesman, February 23, 1933

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Article Text

A $400 issue of self-liquidating scrip will be put into circulation at Wenatchee with the approval of the chamber of commerce. The scrip will be issued to school teachers in lieu of warrants and sold to business men for cash. Proceeds of the sale will be prorated among contributors to the fund raised last month to keep the schools open. Purses of Yakima Indians are heavfer by $7000, which they have recently acquired through the sale of wild horses. The tribesmen have also taken in several hundred dollars by sellIng beaver hides, and will soon receive payment of $11,000 in grazing fees, which is about half the sum usually returned in fees. The story, oft repeated by woodsmen, that coyotes become wolves after living in the timber several generations, received new confirmation recently, when word reached Chelan from Stehekin, of a schoolboy being trailed and treed by four coyotes. For the 36th consecutive year, Fred Zuehlke, a Davenport blacksmith, has received tax receipt No. 1 from Lincoln county: Zuehlke first received receipt No. 1 in 1897 when he paid his taxes. At that time Sprague was the county seat. He has been the first man to pay ever since. Two acres of certified Netted Gem seed potatoes which earned their owner nearly $100 was the project which aided John Liedtke, 18, Washougal high school senior, to win the 1933 county Smith-Hughes scholarship to Washington State college. A building program for the University of Washington calling for the expenditure of $530,000 is announced by the new board of regents. The funds are to come from students fees and returns from the Metropolitan Building company lease. Thousands of wild geese spent the winter on the Columbia river in eastern Klickitat county. This caused many old timers to believe that the winter would not be severe, but with the thermometer at 20 below, they changed their minds. Six carloads of cement, something over 1200 barrels, were loaded for shipment from the Lehigh plant at Metaline Falls last week. Four carloads went to the new bridge being built over the Kootenai river at Bonners Ferry, Idaho. Seattle, with four city councilmen to elect this spring, has 52 candidates to date in the running. The office pays $250 per month. It has been suggested that candidates wear badges so that they shall not solicit one another. Distribution of $7217, representing an 8 per cent. dividend, from the defunct Central bank of Toppenish is being made to depositors. Two prior dividends, amounting to 65 per cent., have been made. James Gyett of Kalama was injured in an unusual accident last Sunday when the tube in a tire which he was repairing exploded, the tire rim srtiking him in the face. His nose was broken. With success in sight in their campaign for lower transcontinental railroad rates on apples, Yakima valley fruit growers will next try for a rate slash on boat shipments to the Orient. A rabbit hunt, now planned to provide food for needy families along the Columbia river, is a plan which was carried out in eastern Klickitat county for several years. However, the ob. ject formerly was not to provide food, but to exterminate the animals, which caused damage to crops. A tired mother who had brought her 9-months-old son by airplane and steamship 2000 miles to Seattle in an 11-day race to save his life was rewarded with the best of news-"that the child would live."