Clarke County Bank - Washougal, WA

Bank Information

Episode Type: Suspension → Closure
Bank Type: state
Start Date: April 12, 1932
Location: Washougal, Washington (45.583, -122.353)

Metadata

Model: gpt-5-mini
Short Digest: fcdb4690

Response Measures

None

Description

Article (The Columbian, 1932-04-12) describes the Clarke County Bank of Washougal as 'defunct' with a liquidator arranging a dividend to depositors under state supervision and court procedure. OCR errors corrected: 'Washcugal' -> Washougal. No mention of a depositor run; bank is in liquidation/receivership and paying a dividend, so classified as suspension leading to permanent closure (suspension_closure).

Events (2)

1. April 12, 1932 Receivership

Newspaper Excerpt: Affairs are okeyed by the state department, said the liquidator...Then the will to the superior court here. presented (article describes liquidator and state supervision).
Source: newspapers

2. April 12, 1932 Suspension

Cause: Voluntary Liquidation
Cause Details: Bank is defunct and in liquidation under supervision of state banking department; liquidator arranging dividend and awaiting court action
Newspaper Excerpt: Money enough is on hand at the defunct Clarke County bank of Washcugal to pay first dividend...the liquidator...Declaration of dividend cannot be made...until the state banking heads passed upon the proceedings
Source: newspapers

Newspaper Articles (1)

1. April 12, 1932 The Columbian Vancouver, WA

Article from The Columbian, April 12, 1932

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Article Text

MONEY ON HAND $25,000 Ready for Distribution by Clarke County Bank Soon Money enough is on hand at the defunct Clarke County bank of Washcugal to pay first dividend amounting per cent or about $25,000 in round numbers, Lyman here day in response to queries, but due to legal requirements cannot disbursed before the latter part of the month at the earliest. Declaration of dividend cannot be made, Burnham explained, until the state banking heads passed upon the proceedings and have the distribution. Following this action, 15-day period must next elapse according law while matter is presented the superior court. in readiness to be Affairs are okeyed by the state department, said the liquidator, but this action has not yet transpired although may come Then the will to the superior court here. presented