Whitman County National Bank (Rosalia, WA)

View Charter #9273 on SPMC View balance sheet

Episode Information

Episode Type
Suspension → Closure
Start Date
April 25, 1934
Location
Rosalia, Washington (47.236, -117.370)
Bank Type
national
Charter Number
9273

Metadata

Episode ID
Bank ID
City ID
531507912
Model
gpt-5-mini
Short Digest

Receivership Details

Depositor recovery rate
100.0%
Date receivership started
1934-04-25
Date receivership terminated
1937-08-27
Share of assets assessed as good
86.5%
Share of assets assessed as doubtful
12.3%
Share of assets assessed as worthless
1.2%

Notes

Known federal receivership date (1934-04-25) applies; articles post-date and discuss liquidation/receiver activity.

Events (7)
1. November 13, 1908 Chartered
Source
historical_nic
2. April 25, 1934 Receivership
Newspaper Excerpt
Thomas A. E. Lally, receiver of the Whitman County National bank at Rosalia (articles refer to the bank in liquidation and to the receiver).
Source
newspapers
3. April 25, 1934 Receivership
Source
historical_nic
4. May 3, 1935 Other
Newspaper Excerpt
Charging that the Whitman County National Bank of Rosalia misappropriated $82,857 ... L. D. Johnson of Rosalia has filed a counter-complaint ... to the suit brought by Henry Smith, the bank's receiver...
Source
newspapers
5. October 26, 1935 Other
Newspaper Excerpt
Depositors of three Eastern Washington banks in liquidation will receive their deposits in full... the Whitman County National bank, of Rosalia, will pay deposits and 6 per cent interest.
Source
newspapers
6. November 26, 1935 Other
Newspaper Excerpt
Superior court hearing in the four consolidated suits of Thomas A. E. Lally, receiver of the Whitman County National bank at Rosalia, ... was concluded ... Judge R. L. McCroskey awarded a judgment to the bank on unpaid notes.
Source
newspapers
7. February 18, 1937 Other
Newspaper Excerpt
Checks totaling $63,826, the equivalent of a 30 per cent dividend, will be mailed within a week to 472 depositors of the Whitman County National bank of Rosalia, it was expected by Receiver Thomas A. F. Lally.
Source
newspapers

Newspaper Articles (6)
1. May 3, 1935 The Spokesman-Review Spokane, WA

Article Text

BANK MISUSED FUNDS, IS CHARGE COLFAX, Wash., May 2.—Charging that the Whitman County National Bank of Rosalia misappropriated $82,857 of his funds, through F. J. Wilmer, who acted as its agent, L. D. Johnson of Rosalia has filed a counter-complaint in superior court here to the suit brought by Henry Smith, the bank's receiver, for judgment against Johnson and E. J. Franz on a note of more than $9800. In Johnson's answer, he alleges that while he was at Rochester, Minn., undergoing a major operation, Wilmer had disbursed more than $80,000 of his funds, without security, to persons of doubtful financial responsibility He alleges that the loans were made without authority and that, in many

2. October 26, 1935 The Bellingham Herald Bellingham, WA

Article Text

NORTHWEST NEWS SEATTLE, Oct. 26.—(AP)—An unidentified man died under the wheels of an automobile as he crept on his hands and knees in a street. The man had been drinking, Coroner Otto Mittlestadt said. The driver of the car, Harold Slippern, Seattle, reported he did not see the man until too late. The death raised King county's 1935 automobile fatality list to 114. SPOKANE, Oct. 26.—(AP)—Depositors of three Eastern Washington banks in liquidation will receive their deposits in full. Thomas A. E. Lally, bank receiver, said the Exchange National bank, of Spokane, and the Whitman County National bank, of Rosalia, will pay deposits and 6 per cent interest. The Farmers' National bank, of Pomeroy, will pay deposits. SPOKANE, Oct. 26.—(AP)—The courts will decide how much Stephania Sundbye should receive for breaking an ankle in a dance revue last New Year's night. She filed a $10,000 damage suit against the Davenport hotel on the ground a rubber mat slipped and she broke her ankle while dancing in the hotel. SPOKANE, Oct. 26.—(AP)—The Eastern Washington Historical society's museum will have a new director, Frank S. Hall, former director of the University of Washington museum. Mrs. W. S. Ramage, president of the society, said Hall accepted the position, effective November 1. WENATCHEE, Oct. 26.—(AP)—A jail wedding held the possibility of a jail-delayed honeymoon for Mr. and Mrs. Marvin Island, both of Everett. Sheriff Tom Cannon served as best man at their marriage, but chilled festivities by recalling the Snohomish county authorities want Island on a burglary charge when he finishes a sixty-day sentence for drunken driving. Mrs. Island was formerly Alice Lancaster. BURKE, Idaho, Oct. 26.—(AP)—Mrs. Gus Benson called her husband to lunch and he did not answer. She looked outside the house and found him dead of a broken neck. He had fallen from a neighbor's roof.

3. October 26, 1935 The Bellingham Herald Bellingham, WA

Article Text

SPOKANE, Oct. 26.—(AP)—Depositors of three Eastern Washington banks in liquidation will receive their deposits in full. Thomas A. E. Lally, bank receiver, said the Exchange National bank, of Spokane, and the Whitman County National bank, of Rosalia, will pay deposits and 6 per cent interest. The Farmers' National bank, of Pomeroy, will pay deposits.

4. November 27, 1935 The Spokesman-Review Spokane, WA

Article Text

One Is Turned Down. A resolution eliminated by action of the convention declared: "We hold it has been demonstrated that it is futile to expect to cure the depression or to reduce unemployment by the wasteful expenditure of vast sums by the federal government. "We hold that the continued unbalanced condition of the federal budget will lead to bankruptcy and ruin. We therefore demand that our federal government put a sharp curb on expenses and take measures to bring about a speedy balancing of the budget." WINS FOUR SUITS COLFAX, Wash., Nov. 26.—Involving an entanglement of testimony, the superior court hearing in the four consolidated suits of Thomas A. E. Lally, receiver of the Whitman County National bank at Rosalia, against L. D. Johnson and the codefendants, A. M. Anderson, E. J. Frantz and J. E. Anderson, was concluded Tuesday morning when Judge R. L. McCroskey awarded a judgment to the bank on unpaid notes.

5. November 28, 1935 The Spokesman-Review Spokane, WA

Article Text

BANK RECEIVER WINS FOUR SUITS COLFAX, Wash., Nov. 26.—Involving an entanglement of testimony, the superior court hearing in the four consolidated suits of Thomas A. E. Lally, receiver of the Whitman County National bank at Rosalia, against L. D. Johnson and the codefendants, A. M. Anderson, E. J. Frantz and J. E. Anderson, was concluded Tuesday morning when Judge R. L. McCroskey awarded a judgment to the bank on unpaid notes. While the suits were based on the bank's demand for judgment in amounts totaling $10,791, the trial centered around the cross-complaint in each suit in which L. D. Johnson alleged that his agent, F. J. Wilmer, president of the bank, wrongly had invested more than $80,000 of his funds. The court ruled that evidence presented in the case did not show the bank was liable in the alleged misappropriation of Johnson's money. Frantz's Notes Paid. The motion of the plaintiff to dismiss the counterclaims of the defendants and be given judgment was granted with the exception of that of Frantz, whose testimony that he had paid notes of $100 and $200 was not contested. Judge McCroskey, in ruling on the plaintiff's motion to dismiss the counter-complaints, said: "The case is one of great difficulty because the man that seems to be the power behind the whole case is the man who is not being sued and is not before the court." In answer to the charges made by the bank, Johnson alleged that before going to Rochester, Minn., for an operation he gave Mr. Wilmer general power of attorney, and that, as president of the bank Wilmer loaned from his deposit $82,857 without security and to persons of doubtful responsibility who in many instances were

6. February 18, 1937 Coulee City Dispatch Coulee City, WA
Article from Coulee City Dispatch, February 18, 1937

Click image to open full size in new tab

Article Text

WASHINGTON NEWS ITEMS OF INTEREST Brief Resume of Happenings of the Week Collected for Our Readers Carson Land belonging to the Shepherd Springs corporation will be sold for taxes by Sheriff Borden of Skamania county at the courthouse in Stevenson on February 27th. Montesano - Charles Thomas of Quinault was elected president of the Grays Harbor County School Director's association last week, succeeding T. D. Gleeson of Brady. Mrs. Edna McLeod, deputy county superintendent, was named secretary. White Salmon - As soon as. the weather permits, asparagus growers along the Columbia river at Bingen and White Salmon-will start preparations for the 1937 "grass" and truck garden produce that has for years made this rich strip of land profitable to owners. Pullman-Two complete buildings under the same roof form the new women's dormitory, rapidly nearing completion on the Washington State college campus. One wing of the building will be opened this month. The hall will have two housemothers and each half of the building will be considered a seperate dormitory in itself. Colfax-Karl W. Moore, Spokane, has filed suit in superior court against Joe Pierce, Colfax, for $292 damages to Moore's car, alleged suffered January 23, when the car hit a mule owned by Pierce on the Inland Empire highway, two miles north of here. Negligence in permitting the mule on the highway unattended was the charge. Pullman-Dr. Mary Kennedy Turner, a graduate of the University of Oregon medical school, has been appointed campus physician under a new permanent health program at Washington State college. Her appointment is for six months, subject to the approval of the board of regents. She is the first regular resident physician to serve here. Hoquiam-Advancing interest in oil drilling activities on the Quinault Indian reservation was forecast today by officials of the Taholah Indian agency who said representatives of a drilling firm sought information this morning concerning leasing 3000 acres of Indian land near Queets. Should the firm make formal application, bids will be called, with other concerns, including the Peoples' Oil and Gas company, expected to seek the properties, the officials said. Rosalia-Checks totaling $63,826, the equivalent of a 30 per cent dividend, will be mailed within a week to 472 depositors of the Whitman County National bank of Rosalia, it was expected by Receiver Thomas A. F. Lally. Checks are en route from Washington, D. C., to the receiver. This will bring repayment because of deposits to 100. per cent. Sufficient remaining assets warrant the belief that the depositors can also be paid the legal 6 per cent interest by the end of this year.