First National Bank (Sunnyside, WA)

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RUN CLOSES BANK

YAKIMA, Wash., April 9.—Doors of the First National bank of Sunnyside, which was established in 1906 and which has $50,000 capitalization, did not open today following a run on it yesterday. A national bank examiner is in charge and citizens of Sunnyside are meeting today to consider plans for re-organization.

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P BANK CLOSES DOORS YAKIMA, Wash., April 10. - The First National Bank at Sunnyside closed yesterday afternoon following a run.

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SUNNYSIDE BANK IS CLOSED

False Rumors Cause Run That Results in Suspension.

SUNNYSIDE, Wash., April 9.—False rumors of insolvency caused a heavy run on the First National bank of Sunnyside yesterday and it was closed today, with Bank Examiner Coffin, Spokane, in charge. The bank is capitalized for $50,000 and was organized in 1906.

Plans are already on foot for reorganization and the bank probably will reopen within a few days. It is solvent, but was unable to stand so heavy a run, because of the impossibility of liquidation on such short notice.

J. B. George, H. Releff, Oscar Boose, C. O. Amundson and Harvey Boose are directors. Mr. George, the president, has been seriously ill for some time and plans for taking over his stock and reorganization were begun two weeks ago.

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PETER OSTRAND BURIED

Eagles Conduct Funeral of Wenatchee Cafe Owner.

WENATCHEE, Wash., April 7.—Funeral services were held here today for Peter Ostrand, age 51, one of the owners of the Pastime cafe, who died Saturday night. He is survived by a son, Carl Eugene, Seattle. Services were under auspices of Eagles.

Funeral services will be held tomorrow for Christoph Oberloh, age 51, who died Saturday night after a week's illness. He is survived by his widow, a son and a daughter. The Rev. Paul Gross will officiate.

SUNNYSIDE BANK IS CLOSED

False Rumors Cause Run That Results in Suspension.

SUNNYSIDE, Wash., April 9.—False rumors of insolvency caused a heavy run on the First National bank of Sunnyside yesterday and it was closed today, with Bank Examiner Coffin, Spokane, in charge. The bank is capitalized for $50,000 and was organized in 1906.

Plans are already on foot for reorganization and the bank probably will reopen within a few days. It is solvent, but was unable to stand so heavy a run, because of the impossibility of liquidation on such short notice.

J. B. George, H. Releff, Oscar Boose, C. O. Amundson and Harvey Boose are directors. Mr. George, the president, has been seriously ill for some time and plans for taking over his stock and reorganization were begun two weeks ago.

NEW FIRE TRUCK FOR WENATCHEE

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False Report Closes Bank—Rumor-Spreader Sought.

YAKIMA, April 11.—While officers, stockholders and depositors of the First National Bank of Sunnyside yesterday made plans for its reorganization, a search was made for a traveling man who is alleged to have started the rumor that caused the run on the bank Wednesday and brought about its suspension. The man is known, officers said, and if found will be prosecuted under a statute that makes the spreading of a false report regarding the solvency of any bank a gross misdemeanor and fixes a fine of $1,000 as a maximum penalty. Lawyers here say no case has ever been brought under the statute.

There was talk that the bank might reopen today. The scare caused by the alleged false report has been quieted.

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HOPE TO SAVE SUNNYSIDE BANK

FIRST NATIONAL OF THAT CITY FAILED TO OPEN DOORS ON WEDNESDAY

Sunnyside business men are endeavoring to save the First National Bank of that city from closing its doors permanently. So far the outcome is in doubt.

A run was started on the bank Tuesday and during the day $40,000 was paid out. That night stockholders decided not to go thru another day's 'run.'

Deposits in the bank are said to have been about $300,000 before this week. Statements from various Sunnyside men are to the effect that the bank will open again shortly but that is rather uncertain. The bank has not been in any too strong condition for some time particularly at the time the Citizens Bank of this city went under. New capital went into the business at that time and probably additional funds will have to be pledged now if it is to be saved. It is certainly hoped that this can be done as closed bank can hardly be listed as community assets as yet.

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SUNNYSIDE BANK IS CLOSED AFTER RUN YAKIMA, April 22-Doors of the First National bank of Sunnyside, established in 1906 and which has a $50,000 capitalization, did not open today fololwing a run on it yesterday. A national bank examiner is in charge and citizens of Sunnyside are meeting today to consider plans for reorganization.

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the reopening of the Sunnyside bank has not been announced. The invitation, which was unsolicited, comes as a distinct compliment to Mr. Linder and the local bank. Mr. and Mrs. Linder came here five years ago and during that time have made a host of friends who will regret their departure, but will be glad that it comes as a result of advancement.Grandview Wn., Herald. Sunnyside, April 28.-Doors of the First National Bank of Sunnyside, of which W. L. Steinweg of Yakima is now president, were opened at the usual hour today after they had been closed for 19 days as a result of a run on the bank which was caused by an idle and unfounded rumor. The bank was as crowded today as though there were another run, but in this instance it was a run to deposit money. There was not a single withdrawal during the entire forenoon. "Like a circus here all day," Mr. Idleman exulted at noon. "Guess there isn't any doubt that the Sunnyside people wanted the bank to reopen and are back of it." Mr. Idleman considers the Sunnyside bank made almost a national record in being reopened in such brief period after closing its doors. Stockholders of the reorganized bank, at a meeting late Saturday, elected Mr. Steinweg, A. G. Fleming, A. C. Burdick, E. F. Keyes, F. H, Langford, John Heffron and D. A. Linder directors. Fleming was named vice-president; Linder, cashier; B. J. Wilms and J. S. Robetrson, assistant cashiers, and Mrs. Gerald Schriener, bookkeeper.-Yakima Republic. Mr. Linder had his first banking h experience in Nezperce a dozen years ago and made good at it. Since then I S he has been in the Yakima section, following the banking business, and his S many old prairie friends have watched his successful progress with much interest, because we all like "Day." j c He is a son of S. J. Linder, for many b years a leader in Craigmont affairs, tl and now residing at Clarkston, and the young banker is a son-in-law of Mr. and Mrs. W. J. Ramey, prominent pioneers of Nezperce, now in the lumber business at Gilbert.