Bank of Commerce (Eugene, OR)

Episode Information

Episode Type
Suspension → Closure
Start Date
April 1, 1932*
Location
Eugene, Oregon (44.052, -123.087)
Bank Type
state
Routing Number
96-0020

Metadata

Episode ID
Bank ID
City ID
411120527
Model
gpt-5-mini
Short Digest

Notes

OCR errors in Article 1 corrected (e.g., 'Bank Commerce' -> 'Bank of Commerce').

Events (3)
1. April 1, 1932* Suspension
Cause
Government Action
Cause Details
Taken over by the state banking department for liquidation (state-ordered closure).
Newspaper Excerpt
BANK CLOSES EUGENE, April The Bank Commerce ... today was taken over state banking department liquidation.
Source
newspapers
2. April 1, 1932* Receivership
Newspaper Excerpt
today was taken over state banking department liquidation. Schramm, state superintendent banks, said ... tied by the up closing bank.
Source
newspapers
3. March 23, 1933 Other
Newspaper Excerpt
Receiver of Commerce Co. Moves To Recover Large Assets ... Percy W. Brown, receiver for the Commerce company, asking for order recover assets ... alleged fraudulent transfers of mortgages, notes, cash and other assets of the Commerce company (the Eugene Bank of Commerce, which closed its doors in April, 1932).
Source
newspapers

Newspaper Articles (2)
1. April 4, 1932 The Evening Herald Klamath Falls, OR

Article Text

BANK CLOSES EUGENE, April The Bank Commerce, established more than 20 years ago, today was taken over state banking department liquidation. The bank has 2,000 commercial accounts and about savings accounts. Schramm, state superintendent banks, said more than per cent the total assets Eugene tied by the up closing bank.

2. March 23, 1933 The Eugene Guard Eugene, OR

Article Text

CHARGED DEFUNCT

Receiver of Commerce Co. Moves To Recover Large Assets

Fraud in making transfers of mortgages, notes. cash and other assets of the Commerce company the Eugene Bank of Commerce, which closed its doors in April, 1932, is alleged civil action filed in circuit court Percy W. Brown, receiver for the Commerce company, asking for order recover assets which. alleged, righ "ly belong to the Commerce compa.

The Commerce company subsidiary the Bank of Commerce, had the same officers and directors the bank and transacted its business in the with the bank. In the petition is charged that Rorer. president. cashier. and and R. Collins, employes of the bank, were parties to these allegedly fraudulent transactions. Brown. receiver for the Comasks that the total alleged to held illegally. $9624.77 in cash, $1943.20 allegedly unlawfully collected. and insurance policies claimed as property of the company be returned to the company and that State Bank Superintendent Schramm enjoined from declaring any dividends to the bank depositors the case heard in court. The petition cites one case an allegedly fraudulent operation. wherein on Sept. 1930. Rorer Tiffany caused to be paid to the commercial