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
+23 days
3.June 8, 1894Receivership
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
same day
4.June 8, 1894Receivership
Source
historical_nic
Newspaper Articles (14)
1.May 17, 1894The Record-UnionSacramento, CA
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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.
2.May 17, 1894The Indianapolis JournalIndianapolis, IN
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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.
3.May 17, 1894The Salt Lake HeraldSalt Lake City, UT
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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.βThe 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.
4.May 17, 1894The Morning CallSan Francisco, CA
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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.
5.June 8, 1894The Topeka State JournalTopeka, KS
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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.
6.June 9, 1894The Morning CallSan Francisco, CA
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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.
7.September 19, 1894Capital JournalSalem, OR
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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.
8.January 22, 1895The Daily Morning AstorianAstoria, OR
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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.
9.January 22, 1895The Seattle Post-IntelligencerSeattle, WA
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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.
10.January 24, 1895The Corvallis GazetteCorvallis, OR
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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. .
11.January 25, 1895The State Rights DemocratAlbany, OR
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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.
12.September 7, 1895The Kootenai HeraldBonners Ferry, Kootenai, ID
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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.
13.September 11, 1895Elmore BulletinRocky Bar, Mountain Home, ID
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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.
14.September 12, 1895The Weiser SignalWeiser, ID
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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.
Bank runs are almost always and everywhere a deterioration of bank fundamentals.
But not for you.
You are the measure-zero exception: great fundamentals, solid bank, and yet the Diamond Dybvig fairy spread its rumor. Depositors woke up. Your collateral was not prepositioned. The Clearinghouse had it for you.
Do not pass Go. Do not collect $200. Go directly to jail… or worse.