Union Bank & Trust Company (Walla Walla, WA)

Episode Information

Episode UID
98001771598
Episode Type
Suspension → Reopening
Bank Type
state
Bank ID
9800177 routing
Routing Number
98-0017
Start Date
February 11, 1933
Location
Walla Walla, Washington (46.065, -118.343)

Metadata

Model
gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
672d80f434542979

Response Measures

None

Events (2)
1. February 11, 1933 Suspension
Cause Details
Closed pending consolidation with First National after RFC credit assistance failed to materialize; mayor declared a local bank holiday
Newspaper Excerpt
having been closed since February 11, 1933
Source
newspapers
2. July 17, 1934 Reopening
Newspaper Excerpt
The Union Bank and Trust company was reopened under license issued by the state banking department today. Forty per cent of old deposits were made immediately available and depositors have taken certificates in an affiliate holding company for the balance of their claims.
Source
newspapers

Newspaper Articles (7)
1. February 14, 1933 Baker City Herald Baker City, OR
Article from Baker City Herald, February 14, 1933

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Article Text

First National and Un. ion Trust Expected to Merge WALLA WALLA 14. First National bank and the Union Bank and Trust company of this city were to start 60-day today. Officers of the institutions announced that beginning today the banks would be closed for the two-months They said that because of the inability of the Reconstruction Finance corporation to extend at this time the necessary credit plans for consolidation of the two institutions failed to materialize Total resources of the two suspended institutions were given follows: Union Bank and Trust First Closing of the two institutions leaves but one bank in Walla Officers of the First National and Union banks said that they were confident plans for consolidation of the two institutions can be successfully concluded before the has expired.

2. February 15, 1933 The Spokesman-Review Spokane, WA
Article from The Spokesman-Review, February 15, 1933

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Article Text

BELT THREE NAMED TO ORCHESTRA TEACHERS REELECT REED TOWNS OF PALOUSE SCHOOL WHITTLES OFF COSTS SOUTHEASTERN IRRIGATION REGION AND PROBLEM Supervised Play Takes Care of Situation, Recreation Director Tells Chamber. BANK MERGER PLANNED Closed Institutions Expect Together, Obtain Resume WALLA WALLA Feb. courts, where lovesick youths together, and through games which hold hands without laughed the boy and girl problem the playgrounds Robert seven years supertold the of commerce The are given strenuous play and are sent home, tired for she the was 1927. Last year is was 19,000. Banks to Weather Storm. Confidence that negotiations but reopening the financial the First National bank and the Union Bank and Trust company, closed today, can be completed within the voiced today John D. president of the First National. and Harry Lasater, president of the Union Bank and Trust company Mayor Frank H. Richmond today issued declaring day bank holiday for the two institutions, pending their efforts to reorganize by loan from the Reconstruction Finance The closing of the two banks left Walla Walla with one other, the National bank, oldest the state. has made arrangements take of the additional required by the and today reported many new accounts. Share of $4,000,000 Asked. The county commissioners antoday that they will part of the from the state corporation loan for use here labor for those imperative need. Weston Woman Dies. Mrs. Susan today. She had spent of her life in Umatilla Erma Davidson, she leaves six children. High School Students to Play SeatCLARKSTON, Wash. Feb. (Special.) high school have selected for the allhigh school 1933. They are Billy Barbara and Baack, bassoon. The chestra, composed 200 high student members, will meet in SeatApril 17-19. An of $150 has been by county for horticultural county during April. required spray trees for protection against and pests. The action was requested by petifrom approximately growers in the Clarkston orchards.

3. July 17, 1934 Spokane Chronicle Spokane, WA
Article from Spokane Chronicle, July 17, 1934

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Article Text

Walla Walla Bank Open Under License WALLA WALLA July 17. (4)-The Union Bank and Trust company was reopened under license issued by the state banking department today. after having been closed since February 11, 1933 Forty cent of old posits were made immediately available and depositors have taken certificates an affiliate holding company for the balance of their claims. The reopening this bank leaves one financial institution. the People's State bank, in liquidation. It closed September Harold Davis, years Colfax banker and since November. 1932. credit with the Regional Agricultural Credit corporation, Spokane, has joined the Union Bank and Trust company cashier Harry Lasater president when the bank suspended operations, in his position as head of the reorganized institution.

4. July 17, 1934 Spokane Chronicle Spokane, WA
Article from Spokane Chronicle, July 17, 1934

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Article Text

Walla Walla Bank Open Under License WALLA WALLA July 17. (AP)-The Union Bank and Trust was company reopened under license issued by the state banking department today, having been closed since February 11, 1933. Forty cent of old posits made immediately available and depositors have taken certificates in affiliate holding pany for the balance their claims The this bank leaves one financial the People's State bank, in liquidation. It closed September 14, Harold Davis, years Colfax banker since November, 1932, credit examiner with the Regional Agricultural Credit corporation, Spokane, has joined the Union Bank and Trust company cashier. Harry Lasater, president when the bank pended operations, continues his position head of the reorganized institution.

5. July 17, 1934 Spokane Chronicle Spokane, WA
Article from Spokane Chronicle, July 17, 1934

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Article Text

Walla Bank Under License Open WALLA WALLA July (A)-The Union Bank and Trust company reopened under license issued by the state banking today, aft having closed since February 11, 1933. Forty per cent of old posits made immediately able and taken tificates in an affiliate holding company for the balance of their claims. The reopening this bank leaves one financial institution, the People's bank, in liquidation. It closed September 14, 1932 Harold Davis, 15 years Colfax banker since November, 1932, credit examiner with Regional Agricultural Credit corporation, Spo kane, has joined the Union Bank and Trust company cashier Harry Lasater, president when the bank pended operations, continues his position head of the reorganized institution.

6. July 18, 1934 The Oregon Daily Journal Portland, OR
Article from The Oregon Daily Journal, July 18, 1934

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Article Text

Walla Walla Union Bank & Trust Co. Opens on Permit Walla Walla July Union Bank & Trust Co. was der license issued by the state bank. ing department after having February 1933 Fotry per were made available and depositors have certificates affiliate holding company for the baltheir The reopening this bank leaves one Peoples State in Union Trust Co. First National Walla closed same the lat. under federal license February 1934 Harold Davis 15 years Colfax and since November 1932, credit the Regional has the Union Bank & Trust Harry Lasater president suspended operations continues in his position head of the reorganized institu-

7. July 18, 1934 The Spokesman-Review Spokane, WA
Article from The Spokesman-Review, July 18, 1934

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Article Text

UNION BANK IS Per Cents Deposits WALLA Union license issued by the aftper of old able and taken pany for the remainder their claims. The reopening of this bank financial the People's State liquidation closed Harold years Colfax banker 1932, credit the Regional Spokane. has the Union Bank and Trust company Harry the pended position head the reorganized institution.