Washington National Bank (Tacoma, WA)

View Charter #12667 on SPMC View balance sheet

Episode Information

Episode UID
1266701585
Episode Type
Suspension → Closure
Bank Type
national
Bank ID
126670 national
Charter Number
12667
Start Date
January 1, 1932*
Location
Tacoma, Washington (47.253, -122.444)

Metadata

Model
gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
9df8b75ff15d62bb

Response Measures

None

Receivership Details

Depositor recovery rate
79.5%
Date receivership started
1932-02-02
Date receivership terminated
1937-12-17
Share of assets assessed as good
25.4%
Share of assets assessed as doubtful
70.9%
Share of assets assessed as worthless
3.8%

Description

Known receivership date used (1932-02-02); articles show liquidation continuing into 1933.

Events (6)
1. April 1, 1925 Chartered
Source
historical_nic
2. January 1, 1932* Suspension
Cause Details
Bank closed its doors in January 1932; article does not state specific trigger (solvency or panic).
Newspaper Excerpt
the city of Tacoma of the $82,000 of the city which was on deposit in the bank when it closed its doors in January.
Source
newspapers
3. February 2, 1932 Receivership
Source
historical_nic
4. February 2, 1932 Receivership
Newspaper Excerpt
the receiver for the Washington National bank completed payment to the city... the receiver for the Washington National bank completed payment to the city of Tacoma of the $82,000 ... when it closed its doors in January.
Source
newspapers
5. April 6, 1932 Other
Newspaper Excerpt
With a final payment yesterday, the receiver for the Washington National bank completed payment to the city of Tacoma of the $82,000 of the city which was on deposit in the bank when it closed its doors in January.
Source
newspapers
6. January 28, 1933 Other
Newspaper Excerpt
He will continue be n charge liquidation the Washington National bank here.
Source
newspapers

Newspaper Articles (2)
1. April 7, 1932 The Tacoma Daily Ledger Tacoma, WA

Article Text

CITY GETS MONEY FROM FAILED BANK With a final payment yesterday, the receiver for the Washington National bank completed payment to the city of Tacoma of the $82,000 of the city which was on deposit in the bank when it closed its doors in January. The city's deposit was protected by assigned collateral. The city has also received interest at 1 1/2 per cent on the money while tied up.

2. January 28, 1933 The News Tribune Tacoma, WA

Article Text

MADE RECEIVER FOR TWO BANKS McLean, receiver the Washington National bank has appointed the First National of Auburn the Enumclaw bank, according Tacoma Saturday. succeeds W. Douglass, federal bank receiver, who has transferred to Sacramento liquidate the California National bank. McLean formerly was cashier of the Auburn National He assumed of the affairs the Auburn and Enumclaw banks Saturday. He will continue be n charge liquidation the Washington National bank here.