Junction City State Bank (Junction City, OR)

Episode Information

Episode Type
Suspension → Closure
Start Date
February 11, 1932
Location
Junction City, Oregon (44.219, -123.206)
Bank Type
state
Routing Number
96-0308

Metadata

Episode ID
Bank ID
City ID
411166668
Model
gpt-5-mini
Short Digest

Notes

Articles show suspension after alleged cashier malfeasance; no clear report of reopening or receivership, so final status uncertain.

Events (2)
1. February 11, 1932 Suspension
Cause
Bank Specific Adverse Info
Cause Details
Cashier arrested for issuing checks with insufficient funds and alleged theft/misappropriation of bank funds; state banking department examination ordered.
Newspaper Excerpt
The Junction City State bank suspended operations temporarily Thursday pending an examination by the state banking department.
Source
newspapers
2. March 18, 1932 Other
Newspaper Excerpt
Mogensen, ex-cashier of the Junction City bank, faces six charges ... alleged theft ... examiner turned the bank business over for examination or action by the bank examiner could indicate regulatory takeover or criminal proceedings.
Source
newspapers

Newspaper Articles (4)
1. February 12, 1932 The Oregon Daily Journal Portland, OR

Article Text

Bank Suspends; Cashier Arrested

Eugene, Feb. 12. The Junction City State bank suspended operations temporarily Thursday pending an examination by the state banking department. Shortly before this action cashier of the bank was arrested in Eugene by state police on charge of issuing check with insufficient funds. Arraigned in justice court here, he was bound over to the grand jury and released on $1500 ball. The bank was closed an order on of board of directors signed by

2. February 12, 1932 Baker City Herald Baker City, OR

Article Text

LANE BANK CLOSES

Feb. The Junction City State bank temporarily suspended operations Thursday pending an examination by the state banking department.

PARIS, Feb. Five sons have died in northern France within the past 24 hours of unusualcold

3. February 13, 1932 East Oregonian Pendleton, OR

Article Text

BANK TO BE EXAMINED Eugene, Feb. Junction City State bank temporarily suspended operations Thursday pending examination by the state banking department.

4. March 18, 1932 The Capital Journal Salem, OR

Article Text

Eugene, Ore., March Mogensen, ex-cashier of the Junction City bank, faces six charges charge state banking funds following his arrest here last night. The largest sum involved in Mo$8500 which when given by and Mrs. for the chase before grand jury indicates warrants were never purchased.

Another charge involved the leged theft of $1555.77 the cashier for purchase bonds by Beck Mapleton. In another alleges Mogen$500 guaranty trust bond without her authority. Mogensen's arrest followed the issuing $1200 without ficient Within hours after arrest the temporbusiness was turned the bank examiner.