American Bank - Fairbanks, AK

Bank Information

Episode Type: Suspension → Closure
Bank Type: state
Start Date: March 12, 1920
Location: Fairbanks, Alaska (64.838, -147.716)

Metadata

Model: gpt-5-mini
Short Digest: 8044a458

Response Measures

None

Description

Article (Alaska Daily Empire, 1920-03-12) states the American Bank at Fairbanks is in the hands of a receiver and has paid a third dividend to creditors. No run or temporary suspension described; bank is in receivership (permanent closure).

Events (1)

1. March 12, 1920 Receivership

Newspaper Excerpt: The Third dividend has been paid n the creditors of the American to Fairbanks which is in the of a receiver. The hands Bank at makes dividend the was 8 1/3 percent. This dividend paid to 33 1/3 The amount percent. total distributed date, in the third dividend will be between $10,000 and $11,000.
Source: newspapers

Newspaper Articles (1)

1. March 12, 1920 The Alaska Daily Empire Juneau, AK

Article from The Alaska Daily Empire, March 12, 1920

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Article Text

duty at these statiois is aprox- at 100. The number stations range imately en individual of from men one at St. George to 30 at Cordova. Just before retiring from his office as Secretary of the Interior, Franklin K. Lane sent the following to William Gerig, assistant of the chief message engineer Alaska Engin- regret eering Commission "I greatly must leave you. 1 the confidence that you ever that I in do so how will on your work to a successful conclusion carry as well as it has been begun." Mrs. Will G. Smith of Cordova, the has received the sad news of death of her sister, Mrs. Von Barger, at Aberdeen, Wash., from influenza. e e o. W. Brehmer has sold an interhis drug store at McCarthy to who has est Jack in Conway, been Copper associated with the Kennecott 1 Corporation for a number: of years, and is well known in the Interior, Mr. Brehmer will start a drug store r at Cordova. The Fairbanks News Miner says that more than $100,000 have been in lost in publishing newspapers Fairbanks. The Third dividend has been paid n the creditors of the American to Fairbanks which is in the of a receiver. The hands Bank at makes dividend the was 8 1/3 percent. This dividend paid to 33 1/3 The amount percent. total distributed date, in the third dividend will be between $10,000 and $11,000. Miss Ethel Buroughs who taught school at Cordova in 1916-1917 is now teaching in Creston City, Cal. Miss Florence James who has the of being recently returned a distinction chauffeuse, Cordova's from only and 0 stay of several months outside, Star is again running the White taxi cab. -(Cordova Times.) N An Igloo of Pioneers of Alaska D with 42 members was recently organCordova. Alvah of States Mail for the ized the United at service, first Ames, year, was the following and elected with president president, officers: Julius Stuck, first vice second vice secretary, J. George W. Date, Dooley, Dr. president W. treas- H. Chase, chaplain. L. L. Laska, urer, George C. Hazelet, historian, il Henry Brandt, sergeant at arms, James Galen, trustee one-year term. T. W. Cloninger, trustee, two-year term, Lincoln Wahln, trustee, three year term. , of Thomas Holland. formerly 0. Chitina writes a friend at Cordova that he is one of 1800 students en in an auto tractor Mr. was rolled Kansas City. Holland school for in merly a representative in the Territorial legislature. John Gillis, who was formerly in charge of the radio station at Mile is 14. on the Copper River Railroad, now working in a shipyard in San Francisco. J. B. Kershaw, a hardware merch and Mrs. E. Winnifred interested in ant Tallmire, of Atlin, married mining re in I. the Atlin country, were the cently at Skagway and left for South to spend their honeymoon. Miss Nellie Wilson, for several de in charge of the purchasing of the Alaska years partment Engineering has been Commission at Fairbanks. transferred to the purchasing departd ment at Nenana. She had many y. friends at Fairbanks. There are so few inmates in the jail at Fairbanks, according in News ng are unable to keep the they to Federal the Fairbanks Miner, sidewalk that of the public The ed in front of snow. Fairbanks property papet clear says there would be more in jail the it were not for Tom Marquam, leading criminal lawyer of that place. k, r: Tony Lynch has considerable faith his the future of Cordova and dairy in business is constantly increas E ing, he will leave on tonight's boat for Seattle, where he will purchase several cows. -(Cordova Times.) The temperature at Dawson averaged less than 28 degrees below zero lon for January. this was six degrees lower than normal