Exchange National Bank (Spokane, WA)

Episode Information

Episode UID
404401073
Episode Type
Suspension โ†’ Reopening
Bank Type
national
Bank ID
40440 national
Charter Number
4044
Start Date
May 24, 1889
Location
Spokane, Washington (47.659, -117.426)

Metadata

Model
gemini-3-flash-preview (chosen from majority vote of a three-model LLM ensemble)
Short Digest
fc625071a969105b

Response Measures

None

Receivership Details

Depositor recovery rate
100.0%
Date receivership started
1929-01-18
Date receivership terminated
1936-09-16
OCC cause of failure
Governance
Share of assets assessed as good
73.0%
Share of assets assessed as doubtful
12.0%
Share of assets assessed as worthless
15.0%

Description

The bank suspended briefly due to a major city-wide fire on August 4, 1889, but reopened by August 6.

Events (5)

1. May 23, 1889 Chartered
Source
historical_nic
2. May 24, 1889 Other
Newspaper Excerpt
The Comptroller of the Currency has authorized the Exchange National Bank of Spokane Falls, W. T., capital $100,000, to begin business.
Source
newspapers
3. August 4, 1889 Suspension
Cause
Local Shock
Cause Details
Major city-wide fire in Spokane Falls destroyed the business district.
Newspaper Excerpt
The excitement over the fire of Sunday has about died away and everbody has to work. ... All banks have resumed.
Source
newspapers
4. August 6, 1889 Reopening
Newspaper Excerpt
All banks have resumed. They resurned business wherever they could And quarters. ... The time lock in the Exchange National bank was still running when the vault was opened today.
Source
newspapers
5. January 18, 1929 Receivership
Source
historical_nic

Newspaper Articles (2)

Article from Los Angeles Daily Herald, May 25, 1889

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Article Text

FROM WASHINGTON. Some Queer Qualifications for Pensions. CATTLE RAISING ENCOURAGED. The Canadian Pacific Asks to bc Bonded as a U. S. Common Carrier. | Associated Press Dispatches to the HERALD.| WASHINGTON, May 24.-The President to-day appointed Harry R. Jefferds, of Arizona, Attorney of the United States for Arizona, Charles S. Zane, of Utah, to be Justice of the Peace of the Supreme B. Court of the Territory of Utah, and F. Gilkerson, of Pennsylvania, Second Comptroller of the Treasury. THE MONTANA CONVENTION. Assistant-Solicitor General Shields rendered an opinion in response to arequest from the Secretary of Montana as to whether the Constitutional Convention, which meets at Helena on the 4th of July next, will be limited to one set of officers, as allowed by law to each body of legislative assemblies. The Secretary of Montana, in his communication,states number of that members in this will be double the of both Assemblies, and additional help, and to if such additional allowed by the Assembly require know legislative the Governor. help he number will desires he will be The Assistant Attorney-General's opinthat although the of of said convention than double the more ion members says number number might of mem- it be is bers of both legislative bodies, yet one body, and he is of only under regulating the the opinion that the laws pay and number of subordinate officers in legislative assemblies in Territories, only one set of officers of the classifications described in the act of June 19,1878,ca be allowed for said convention under law the rules and regulations provided by for the payment of Territorial Legislatures. DEVELOPING CATTLE GROWING. United States at E. L. Ayres, Baker, to Consul the Buenos in his report indus- Deof State, says the the Republic has partment try of Argentine cattle is law in such languishing condition that a been passed offering a guaranty of 5 per cent. for ten years on capital employed in the business of exporting fresh or beef. The report saye that several to take preserved understood advantage establishments of "It the is and are going into scale, with guaranty are a preparing large special the warehouses steamers business on for the traffic, and and France," from this law by are fitted in England expected up Great he the does Argen- things not but Consul Baker says it will hurt the beef much until new tines, believe shippers United methods of States beef are adopted for the preparation for exportation. The number of sheep in the Argentine Republic is estimated at 80,000,000, and horned cattle 20,000,000. PENSION CLAIMS ALLOWED. Assistant Secretary Bussey has rendered favorable decisions on two pension claims heretofore rejected. In one case the claimant was hit by a demijohn e thrown by a Corporal, striking which him on he the leg, from the effects of the recovered. In the other case s never claimant was running and was tripped his t by a comrade, falling and breaking collar-bone. WAS THE YANTIC IN COLLISION? is said at the Navy Department have that It Yantic, which is reported to British the seen two days ago by a minus her foremast et must have been in New steamer been boom, collision from and with jiba another vessel. She went out t Yord a fortnight ago to blow up wrecks, the I from her position when seen by New t steamer, and, should have arrived in o York to-day. t TO BE COURT-MARTIALED. Bi naval General Court-Martial has it A ordered to convene at Mare Island, Passed been California, on June 3d, to try Assistant Engineer Frank J. Hoffman, himself e is accused of absenting atwho leave. He was detailed to but without the dock trial of the Charleston, be d overstayed tend his leave and failed to b present at che trial. fe THE CANADIAN PACIFIC'S REQUEST. b Canadian Pacific Railway has ap- to 8. the Secretary of the li as a common carrier plied The bonded to and Treasury between the apbe of the United States, Soliciparts has been referred to the and W tor plication of the Treasury for examination report. a of DISPOSAL OF THE OFFICERS. p Secretary of the Navy has given Navy T The commandant at Mare Island the disa the discretionary powers as to fo position Yard of the officers from the Samoan wrecks. of NEW BANK AUTHORIZED. Comptroller A of Currency has Bank auE The the Exchange National of h Spokane thorized Falls, W. T., capital $100,000, to begin business.


Article from The Seattle Post-Intelligencer, August 7, 1889

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Article Text

Spirit of Her Citizens Not Broken. PAIRER CITY WILL ARISE. Substantial ANd Pouring In-As Is. Rex of Thieves-List of the Lesses. Brokane FALLS, Aug. 6.-The exdifement over the fire of Sunday has about died away and everbody has to work. Business and profesdenal men are putting up tents and into temporary quarters. All a banks have resumed. They resurned business wherever they could And quarters. The eight bank vaults were opened today and found to be in perfect condition. The time lock in the Exchange National bank was still running when the vault was opened today. There was great excitement this morning when the First National, Traders' National and Spokane Natfonal each purchased lots at the corher of Riverside and Howard streets, paying the aggregate sum of $100,000, the highest price ever paid for real mate here. NO ONE CAST DOWN. Everybody is encouraged. Contracts are being let at once for new buildings. No more frame buildings for the business portion of Spokane is the universal sentiment. INFESTED WITH THIEVES. Thieves are coming in from the surrounding country and towns, but a double guard will be put on tonight. Company G. Second regiment, is still on guard a d doing good duty. Litthe trouble has been experienced as yet and this morning as unknown man was refused permission to cross the line when he drew a pistol on the guard, who charged him with the bayonet, running it into the man's wrist. WORK OF THE BELIEF COMMITTEE. The Walla Walla company guards are not needed and will not come. The relief committee have put up a tent where all the destitute can obtain food. There has been no suffering whatever. Every one appreciates the situation and puts up with the best obtainable. Not a foot of property within the burned district can be purchased a dollar less than before the fire. Citisens are beginning to look upon the calamity as fruitful of good results and are strengthened by the confidence exhibited by outside capitalists telegraphing money for building purposes. Letters of condolence pour in from every quarter. Money and provisions are being sent. LIST OF LOSSES. Following is the list of the sufferers and losses of the fire as they could be