Roseburg National Bank (Roseburg, OR)

Episode Information

Episode UID
895501350
Episode Type
Suspension โ†’ Closure
Bank Type
national
Bank ID
89550 national
Charter Number
8955
Start Date
June 1, 1912*
Location
Roseburg, Oregon (43.217, -123.342)

Metadata

Model
gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
24052abd4ad70621

Response Measures

None

Description

1913 article reports the bank suspended about a year earlier and a grand jury is investigating its books; later outcome (reopening or receivership) not reported here.

Events (3)

1. November 30, 1907 Chartered
Source
historical_nic
2. June 1, 1912* Suspension
Cause
Bank Specific Adverse Info
Cause Details
Grand jury investigating bank books and affairs following suspension about a year earlier.
Newspaper Excerpt
With a large number of ledgers, journals and others books in evidence, the grand jury began an investigation into the affairs of the Roseburg National bank. The bank suspended business about a year ago.
Source
newspapers
3. January 7, 1937 Voluntary Liquidation
Source
historical_nic

Newspaper Articles (2)

Article from The Ontario Argus, June 5, 1913

Click image to open full size in new tab

Article Text

BRIEF NEWS OF OREGON Timely rains have fallen in Sher man and Gilliam counties and the crop outlook is regarded as very promis"Sup A new gold saving machine has been set up on the sands at Gold Beach. It will handle 150 tons in 20 hours. Those interested hope they have solved the separation problem. The state engineer has approved applications of the Harney Valley Reclamation company to irrigate 54,000 acres. Four to six reservoirs will be required for storage purposes. On the request of Senator Lane, the war department has ordered the seagoing dredge Chinook in commission as soon as possible, on account of the high water on the Columbia bar. A full classification of the government land in the Metolius river valley has been started by the United States government, following the filings of many applications for homesteads in that territory. The department of commerce has informed Senator Chamberlain that it has requested the treasury department to assign a revenue cutter to patrol the course for the Astoria Motorboat club regatta. Ten striking linemen accused of engaging in a riot at Oswego have been bound over to the grand jury. One of them was shot in the groin and another hit with a hand axe by non-union men. With practically no opposition, bonds have been voted at Klamath Falls to take up the outstanding warrant indebtedness. The city will be on a cash basis so soon as the bonds are sold. A rancher from Illinois river walked out of the third story of the Gold Beach hotel while asleep, falling about 30 feet. He was picked up unconscious and badly shaken, but apparently not seriously injured. With a large number of ledgers, journals and others books in evidence, the grand jury began an investigation into the affairs of the Roseburg National bank. The bank suspended business about a year ago. Referendum petitions against the workmens' compensation act, the county attorney bill and the sterilization bill have been presented at the secretary of state's office for filing, and the names are being checked. Representatives of over 60 publishing firms have appeared during the past few months before the Oregon text book commission, which will meet at Salem for the purpose of adopting text books for the schools of the state. It is announced at Marshfield that the Southern Pacific has issued orders for two more tunnels on the WIIlamette Pacific line between the Siuslaw and the Umpqua, thus disproving the rumors that the line was to come in by way of Drain Senator Chamberlain has written to Secretary Lane informing him that according to the statements of Engineer Hapson the estimated cost of $100 per acre for the West Umatilla extension will be the outside cost of the project, and that the first unit could be completed for $75 an acre. In a natural amphitheater formed by sloping hillsides, with the grass-covered hollow at their base as a stage and the blue sky overhead as a celling, the students of the University of Oregon will this year present Henrik Ibsen's drama, "Peer Gynt," before the visitto the commencement exercises.


Article from Corvallis Gazette-Times, March 2, 1933

Click image to open full size in new tab

Article Text

Emergency Business and Only Accommodation of Public on Restricted Basis MORATORIUM TODAY Governor Calls Due to California Holiday, Closing minutes to o'clock this banks of Corvallis morning that the governor declared three-day moratorium for all the banks in the state, The bolt clear news came and when were informed sky that the order mandatory, to the will of constituted submitted The banks of Portland closed, but since then they opened up for the business only and other banks the state will doubtless follow their lead. these conditions the banks Under Corvallis will open their doors tomorrow morning for the transac. tion of emergency business and the accommodation of the public restricted basis. National Bank Corvallis First Benton County State Bank PORTLAND, Mar. Statewide three day bank holiday by Governor Meier ordered today was met Orewith decision by bankers remain the transaction of what described "necessary business." Only in few cities the state did banks remain closed. National of Grande which has been closed for more than four months, reopened today officers said the bank would and not observe holiday. Califorbanks also operating the holiday Large downtown Portland banks not observe the banking holiby Governor Meier toshortly after the regular opening hour they said they would pay checking to "reasonable" counts up amount, to enable depositors purchase necessities. Although signs announcing the banking holiday were posted the doors of all Portland before regular opening hours, these signs later were taken down by the larger they would remain open and transact "necessary business.' Postmaster Jones announced the proclamation would way terfere with the operation the Postol Savings bank which continued to transact business in the regular way. SALEM, Mar. three Salem banks were to open this morning to transact "necessary business," they announced following word that Portland banks were taking similar action. SALEM, Mar. Meier today issued proclamation declaring three legal holiday in Oregon, starting today and continuing through Saturday, such tion will allow the closing of all Oregon banks for three days. the only step to take to protect banks here because many them clear through California banks and the California banks are he said. "Financial distress prevailing in neighboring states making felt in Oregon," Governor Meier said in his statement. "It essential for the protection of be suspended for brief period permit enactment of necessary regulatory acts stabilizing legislation, in line with federal enactments and legislation enacted other states. The governor said he understood Arizona banks to be in strong financial condition. "We have had advices any Arizona banks are in distress, but action is meresaid. The governor's claring holiday for all banks, financial institutions, county and city offices, courts schools, made today because (Continued on page