National Bank (Pendleton, OR)

Episode Information

Episode Type
Suspension β†’ Closure
Start Date
May 16, 1894
Location
Pendleton, Oregon (45.672, -118.789)
Bank Type
national
Charter Number
4249

Metadata

Receivership Details

Depositor recovery rate
100.0%
Date receivership started
1894-06-08
Date receivership terminated
1897-10-28
OCC cause of failure
Fraud
Share of assets assessed as good
14.5%
Share of assets assessed as doubtful
61.6%
Share of assets assessed as worthless
23.9%

Events (4)

1. March 5, 1890 Chartered
Source
historical_nic
2. May 16, 1894 Suspension
Cause
Government Action
Cause Details
Examiner Cleary took charge by order of the Comptroller/Controller of the Currency, causing suspension of payments.
Newspaper Excerpt
The National Bank of Pendleton suspended this morning. Examiner Cleary has taken charge by order of the Controller of the Currency.
Source
newspapers
3. June 8, 1894 Receivership
Newspaper Excerpt
The comptroller of the currency has appointed Chas. Jackson as receiver of the National Bank of Pendleton, Ore., which suspended payment on May 16, 1894.
Source
newspapers
4. June 8, 1894 Receivership
Source
historical_nic

Newspaper Articles (14)

Article from The Record-Union, May 17, 1894

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An Oregon Bank Suspends

PENDLETON (Or.), May 16.-The National Bank of Pendleton suspended this morning. Examiner Cleary has taken charge by order of the Controller of the Currency. The failure caused no surprise. The deposits were not large and the depositors are secured, The stockholders will lose nothing.


Article from The Indianapolis Journal, May 17, 1894

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Failure of an Oregon Bank

PENDLETON, Ore., May 16.-The National Bank of Pendleton suspended this morning. Examiner Cleary has assumed charge by order of the Controller of the Currency. The failure caused no surprise. The deposits were not large and the depositors are secured. The stockholders will lose 'heavily.


Article from The Salt Lake Herald, May 17, 1894

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GOVERNMENT AND OTHER BONDS. New York, May 16. U. S. 5s reg 117 5/8 U. S. 5s coup..117 5/8 U. S. 4s reg 113 1/4 U. S. 4s coup..113 3/4 U. S. 4 1/2s reg 96 Pac. 6s of '95..103 Louis. S. 4s 96 Missouri 6s 100 Tenn. N. S. 6s 103 Tenn. N. S. 5s...101 Tenn. N. S. 3s 99 1/2 Can. S. 2nds 104 1/4 Cen. Pac. 1sts 105 D. & R. G. 1sts.113 D. & R. G. 4s. 75 Erie 2nds 75 M. K. & T. G. 6s.. 43 3/4 M. K. & T. G. 5s 82 Mutual Union 6s..115 N. J. C. I. Cert.114 3/4 N. Pacific 1sts 108 1/4 N. Pacific 2nds. 79 N'western Cons...140 N. Debs. 5s 109 S. L. & I. M. G. 5s 19 3/4 S. L. & S.F.G.M. 94 St. Paul Cons 328 St. P., C. & P. 1s111 1/4 T. P. L. G. T. R...183 3/4 T.P.R.G.T. Rcts 22 Union Pac. 1sts...105 West Shore 104 1/2 R. G. W. 1sts 66 1/2 Atchison 4s 72 3/4 Atchison 30 3/4 G. H. & Sa. 6s..100 G. H. & Sa. 7s off 98 H. & T. C. 5s...106 H. & T. C. 6s 100 N. C. 6s offered121 N. C. 4s 100 Tenn. old 6s 60 Va. Centuries.. ... 59 3/4 Va. C. deferred 8

PENDLETON BANK CLOSED. Pendleton, Ore., May 16.β€”The National Bank of Pendleton suspended this morning. Examiner Cleary has taken charge by order of the comptroller of the currency. The failure caused no surprise.


Article from The Morning Call, May 17, 1894

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Stockholders Lose Heavily

PENDLETON, Or., May 16.-The National Bank of Pendleton suspended this morning. Examiner Cleary has taken charge by order of the Comptroller of the Currency. The failure caused no surprise. The deposits were not larg and the depositors are secured. Tne stocknolders will lose heavity.


Article from The Topeka State Journal, June 8, 1894

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Bank Receiver Appointed

WASHINGTON, June 8.-The - comptrollor of the currency has appointed Chas. Jackson as receiver of the National Bank of Pendleton, Ore., which suspended payment on May 16, 1894.


Article from The Morning Call, June 9, 1894

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Receiver of an Oregon Bank

WASHINGTON, June 8.-The Comptroller of the Currency has appointed Charles Jackson receiver of the National Bank at Pendleton, Or., which suspended payment May 16.


Article from Capital Journal, September 19, 1894

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THE DAY'S OREGON NEWS.

Gatherod by Telegraph and From Exchanges.

At a public sale the Portland exposition property was sold for $62,000.

Hop buyers in the vicinity of Eugene are offering 6 cents per pound for this year's crop.

By paying $1250 of the $3000 claimed to be due, J. E. Noland, ex-sheriff of Lane county, has settled with the county court.

The government will cease to print addressed envelopes on Sept. 30th. After this date all return addresses will have to be secured of the job printers

The annual conference of the M. E. church for Oregon meets in Eugene today. It is expected that about 150 ministers, with their families, will be present. They will be treated in a royal manner by the people of Eugene.

The county court of Umatilla county has ordered an action to be commenced to recover $48,000 from Ex-treasurer Folsom and his bondsmen; also against the receiver of the National bank of Pendleton, where the money was deposited.


Article from The Daily Morning Astorian, January 22, 1895

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C. S. Jackson, of the East Oregonian, Waylaid. n HE IS EQUAL TO THE OCCASION. A Landslide at Marshville-More Trouble for the Pacific Insurance Union. Associated Press. Pendleton, Or., Jan. 21.-Chas. S. Jackson, receiver of the National Bank of Pendleton, has received authority from the comptroller of the currency to declare a dividend of five per cent on proved claims of the closed bank. The bank suspended May 16th, 1894. C. S. Jackson, editor of the East Oregonian, and C. C. Hendricks, a heavy property owner here, created excitement today by a personal encounter. Hendricks procured a loaded cane and sought Jackson. They met in front of the postoffice, when Hendricks referred to an editorial appearing in the East Oregonian which appeared Saturday, and which said that Hendricks, who favored voting no tax for school purposes, was owner of bawdy houses and collected rent to a large amount. An altercation ensued and Hendricks called Jackson a liar and other epithets were applied. Jackson slapped Hendricks and the latter used the cane. A large crowd collected and the marshal appeared and arrested Hendricks, who was taken before the recorder and fined twenty. dollars.


Article from The Seattle Post-Intelligencer, January 22, 1895

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NORTHWEST NEWS

The aste Mary Stevenson did not visit Puget Sound with her father in 1893, na the Tacoma Ledger said, but Miss Letitin accompanied him. The Tacoma Morning Union celebrates fts removal into new and commodious quarters by publishing a handsomely 11. hatrated souvenir edition of twenty-four pages. Charles Jackson, receiver of the National Bank of Pendleton, Or., has n edived apthority from the comptroller of the currency to declare a dividend of 13 por cent. on proved claims of the bank, which suppented May 18, 1894. The Times, John L Wilson's organ at Spokame, which recently suspended publiestion, has been revived as the advocate of Johnny Considine, the divekeeper. Considine has had some experience in the newspaper business. and seems determined to make bimself a leader of the Spokane Democracy.


Article from The Corvallis Gazette, January 24, 1895

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DIVIDENDS And Scraps All the Go in Pendleton. An Editor Mixed Up in both Events. A Defunct Bank Making Good Its Shortages as Fast as Possible. PORTLAND, Or., Jan. 21.-C. S. Jackson, editor of the East Oregonian, and C. C. Hendricks, a heavy property owner here, created quite a sensation today by engaging in a personal encounter. Hendricks procured a loaded cane and sought Jackson. They met in front of the postoffice, when Hendricks referred to an editorial appearing in the East Oregonian of Saturday which said that Hendricks, who favored voting no tax for school purposes, was the owner of bawdy houses and collected rent therefrom to a large amount: An altercation ensued and Hendricks called Jackson a liar and other epithets were applied. Jackson slapped Hendricks and the latter used his cane. A large crowd collected and the marshal appeared, arrested Hendricks, who was taken before the recorder and fined $20. Chas. S. Jackson, receiver of the National bank of Pendleton, has received authority from Comptroller of the currency to: declare a dividend of 25 per cent on the proved claims against the closed bank. The bank suspended on May 16, 1894. .


Article from The State Rights Democrat, January 25, 1895

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A Dividend Declared

PENDLETON, Or., Jan. 21.-Charles S. Jackson, receiver of the National Bank of Pendleton,has received authority from the controller of the currency to declare a dividend of 25 per cent on the proved claims of the closed bank. The bank suspended May 16. 1894.


Article from The Kootenai Herald, September 7, 1895

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DIVIDENDS ON SUSPENDED BANKS Comptroller of the Currency Orders Lib eral Amounts Paid. Washington, Sept. 3.-The comptroller of the currency has declared dividends in favor of the creditors of the national banks as follows: First National bank of Anacortes, Anacortes, Wash., 25 per cent; National bank of Pendleton, Pendleton, Or., 25 per cent; American National bank, Springfield, Mo., 20 per cent.


Article from Elmore Bulletin, September 11, 1895

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PENDLETON BANK CREDITORS PAID Checks for a Twenty-Five Per Cent Dividend Distributed. Pendleton, Ore., Sept. 5.-Checks drawn on the assistant treasurer of the United States in New York, covering the second 25 per cent dividend on proved claims against the National bank of Pendleton, have been received from Washington and are being delivered to the claimants by Charles B. Jackson, receiver.


Article from The Weiser Signal, September 12, 1895

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PENDLETON BANK CREDITORS PAID Checks for a Twenty. Five Per Cent Dividend Distributed. Pendleton, Ore., Sept. 5.-Checks drawn on the assistant treasurer of the United States in New York, covering the second 25 per cent dividend on proved claims against the National bank of Pendleton, have been received from Washington and are being delivered to the claimants by Charles S. Jackson, receiver.