Chiloquin State Bank (Chiloquin, OR)

Episode Information

Episode Type
Suspension → Closure
Start Date
February 12, 1932
Location
Chiloquin, Oregon (42.578, -121.866)
Bank Type
state
Routing Number
96-0324

Metadata

Episode ID
Bank ID
City ID
411139648
Model
gpt-5-mini
Short Digest

Notes

OCR errors present in articles; dates corroborate takeover by state banking department and subsequent liquidation.

Events (3)
1. February 12, 1932 Receivership
Newspaper Excerpt
on February 12, 1932 the Chiloquin State bank came into his hands for liquidation.
Source
newspapers
2. February 13, 1932 Suspension
Cause
Government Action
Cause Details
State banking department took the Chiloquin State Bank into its hands (department takeover for liquidation).
Newspaper Excerpt
Department Takes Over State Bank
Source
newspapers
3. August 23, 1934 Other
Newspaper Excerpt
County's Case With Defunct Chiloquin Bank Settled. ... petition ... points out that on February 12, 1932 the Chiloquin State bank came into his hands for liquidation.
Source
newspapers

Newspaper Articles (2)
1. February 13, 1932 The Oregon Daily Journal Portland, OR

Article Text

Department Takes Over State Bank

Salem. Feb. of the Chiloquin State bank were turned to state banking department today, announced Bank Head Schramm Deposits the institution totaled Capital Ginger served as president.

2. August 23, 1934 The Evening Herald Klamath Falls, OR

Article Text

County's Case With Defunct Chiloquin Bank Settled.

The question to what to about bonds held in protection of Klamath county's deposit in the defunct Chiloquin State bank was settled Thursday when Circuit Judge W. M. Duncan signed order permitting the state banking department to séll part of the bonds.

As consequence of the sale of the bonds, the county will ceive the full balance on the posit principal, from the funds of the liquidation. consideration of the payment the principal. the county treaswith approval of the county court, agreed to accrued interest on the depósit. Schramm Lists Assets.

The petition to the court signSchramm, state banking points out that on February 12, 1932 the Chiloquin State bank came into his hands for liquidation. Included the inventory of assets were city of Chiloquin per cent city hall bonds, with par value of (Continued on Page Three)