18309. First National Bank (Bandon, OR)

Bank Information

Episode Type
Suspension โ†’ Closure
Bank Type
national
Bank ID
9718
Charter Number
9718
Start Date
April 2, 1925
Location
Bandon, Oregon (43.119, -124.408)

Metadata

Model
gpt-5-mini
Short Digest
7ec1bd67

Response Measures

None

Receivership Details

Depositor recovery rate
75.0%
Date receivership started
1925-04-13
Date receivership terminated
1927-12-31
OCC cause of failure
Governance
Share of assets assessed as good
40.3%
Share of assets assessed as doubtful
39.7%
Share of assets assessed as worthless
19.9%

Description

The First National Bank of Bandon suspended on April 2, 1925 and was placed in the hands of a receiver (Comptroller appointed H. F. Schilling on Apr 23, 1925). Subsequent articles describe receiver actions (lawsuits, dividends, mortgage sales), director liability suits, and eventual sale of the bank building in 1927. No article describes a depositor run prior to suspension.

Events (9)

1. April 5, 1910 Chartered
Source
historical_nic
2. April 2, 1925 Suspension
Cause
Government Action
Cause Details
Bank suspended and placed in receivership; receiver appointed by the Comptroller of the Currency (government action).
Newspaper Excerpt
the reason that the bank suspended on April 2. 1925, the undersigned having been appointed receiver by the Comptroller of the Currency on April 23. 1925, to take charge of said bank.
Source
newspapers
3. April 13, 1925 Receivership
Source
historical_nic
4. April 23, 1925 Receivership
Newspaper Excerpt
the undersigned having been appointed receiver by the Comptroller of the Currency on April 23. 1925, to take charge of said bank.
Source
newspapers
5. August 7, 1925 Other
Newspaper Excerpt
F Schilling, receiver of the First Na. tional bank of Bandon, has filed suit against the Thompson Kelley Lumber company ... The total amount of the suit amounts to approximately $42,000.
Source
newspapers
6. November 18, 1925 Other
Newspaper Excerpt
reported that the First National Bank of Bandon, in hands of receiver, would declare dividends to its depositors some time this week. About $50,000 will be disbursed.
Source
newspapers
7. January 7, 1926 Other
Newspaper Excerpt
Satisfaction of Mortgage ... H. F. Schulling, as receiver of the First National Bank of Bandon to Chester E. Hadsell. The mortgage is satisfied by the receiver for the reason that the bank suspended on April 2. 1925...
Source
newspapers
8. December 14, 1926 Other
Newspaper Excerpt
Defunct Bank of Bandon Case Settled ... of H. Schilling, receiver for the defunct First National Bank of ... was settled ... The plaintiff will recover this judgment from the directors.
Source
newspapers
9. March 30, 1927 Other
Newspaper Excerpt
F. S. Perry and associates are now, owners the First National bank building, the sale having been made by H. F. Schilling, receiver.
Source
newspapers

Newspaper Articles (8)

Article from The Capital Journal, April 27, 1925

Click image to open full size in new tab

Article Text

W. R. Gaylord has filed against G. Forge plaint cuit court to collect $673.88 alleged to be due on note. Dance Wed. April 29th. Crystal Gardens, McElroy's orchestra. 102* State Bank of Hubbard has filcomplaint in circuit court William Hubbard and others to quiet title to real prop- Dance Wed. April 29th. Crystal Gardens, McElroy's orchestra. 102* William W. McKinley is seeking recover $2000 and foreclose on in complaint filed in circuit cour against Emily Clarke. Genuine lunch rolls made from sweet dough and special maple icing. 20c dozen. Bake-rite bak100* ery. County Superintendent Fulkerwent to Fairfield today to an exhibit of school work, cluding club work and other class. Willamette ladies glee concert, Waller hall, Wed. Apr. 29, Adm. 35c and 50c. 100* The Gervais high school plancity hall next Friday night hing to put on style show the the economics department exhibit the work of the girls. planned to use living models connection with the show. Special sale trimmed hars $1.95 Ellsworth Hat Shop. 347 1-2 Court street upstairs. The Willametto university tensquad Albany college Albany Saturday atternoon. Every match went Willamette, and every set except one. Charles Nunn. new member of the squad his first set 4-6, but came from and won the next two Emmel won his singles match 6-0. Mickey deefated his ponent C-O. C-). Walsh won his In the doubles and Emmel won G-1, 6-4. Walsh and Nunn deefated their Dr. Marshall, osteopath Mrs. Eula Creech of Salem unoperation at local hospital teday. Two 1924 Ford coupes, like Newton Chevrolet. Work was begun this morning the block between Ferry and Trade streets, on South Cottage, to the block. Terwiniger undertaker phn 724 Mrs. J. W Hoffman was ated on at local hospital Saturday. Love The Jeweler, satem. Today was junior flunk day illamette university. The entire Junior class arose at o'clock and went in cars Silver creek falls there all day. Dance Wed. April 29th. Crystal Gardens, McElroy's orchestra. 102* Robert Johnson of Salem was at local hospital upon this morning. Remember Hayesville school ground benefit program, Wednesday April 29: Perry Reigelman, Lyman baritone. 101 A. challenge from the University Washington to tennis match was received Willamette university this morning The challenge will be accepted. and tourn ament played on May 14. at Salem Other tennis dates for the Willam team are follows: April 30, Linfield at May Salem: May 16. be arranged with the University Oregon. Willamette will be rep resented by Emmel. Mickey and Charles Nunn will probthy play in some of the tournaments. Wanted. stove repair man. must know stove repairing or do not call. 100* The state commission has in third United States liberty bonds to New York banks $101,875. The state paid them approximately $98,400. makprofit on the sale the neighborhcod of $3500. Funds of the industrial commission invested in the bonds. Willamette ladies glee concert, Waller hall, Wed. Apr. 29. m. Adm. 35c and 50c. 100* Kenneth Long, Salem graph recently San Francisco by the Portland Journal to learn the operation the Telepix, the new machine for transmitting and receiving pictures by wire. He has returned to Portwhere he will be employed the Journal in that Long telegraph operator the state house OD the Journal wire during the legislature Wanted. boy over 18 to work in Gray Belle. 101* Carl Starker was fined In police court today for speeding. Large room modern house, fireplaces. large many trees, Gertrude M. Page, realtor, 492 N. Cottage. 100* L. Jennison defendant in complaint filed in justice court charging him with speeding. A large room new bungalow, full basement. furnace, floors, large lot, $4500. Gertrude M. Page, realtor. 492 N. Cottage. 100* Albert K. Wiesendanger, forest ranger in charge of the Eagle Creek camp on the Columbia river highway, in Salem today dressing the pupils of the public schools in observance of forest protection week This morning he addressed lal the grade schools and this afternoon will speak the junior high school. He carries considerable fire fighting equipment and colored slides which add to the interest of his addresses. "Economical Boomerang." act play April 28th, at Central church. south 19th and Ferry streets. 101 Dr. G. Louis Tufts, field tary of Willamette university, turned from Portland today to look after the interests of the university Salem. His work takes him to all parts of the state and he reports that the institution in favor with the people of state. Many families, he are planning moving to Salem educate their children. One and forty graduate he says, are advertising force in Inducing students attend Willamette. The great need present, Dr. Tufts. the payment of the balance of the milHon-dollar endowment fund, that the capacity of the school may be enlarged provide for the large numbers who wish to attend. Piano for sale, almost new. terms. Room 3, McCornack bldg. 100 An error in the announcement of the boxing match Bill Hunt and Speed Murphy of Portland was made Saturday. with the announcement that Hunt got draw. Hunt received well earned decision over Murphy. Hunt took the last three rounds while Murphy and Hunt were about even in the first three. Wanted. boy over 18 to work in Gray Belle. 101* Governor Pierce has received requisition from the governor Michigan for the extradition of Leonard Hall alias John Skinner. escape from the Michigan formatory Ionia who now der arrest at Klamath Falls. Hall was sent to the Michigan reformatory from on five sentence for assault with intent to rob. Potted plants, cut flowers. funeral designs, Adams. 453 Court. 100* Governor Pierce. Secretary of State Kozer and State School Superintendent Churchill, members of Died the residence. and State streets. Salem. Or., early Sunday. April 26th. John W. Childs, age 69 years, former resident of Silverton. fathof Leo Childs of Salem. Lucien Childs San Francisco, Mrs. Mina Parr of Portland and "Sister Mary Alice" of Mt. Angel academy. grandfather of Kenneth Parr. Juanita Mabelle Childs and Betty Louise Childs. Funeral services will be held Tuesday. April 28th at Silverton from the K. of hall under the auspices of Home lodge, Knights of Pythias of Silverton, of which Mr. Childs was veteran member. Mr. Childs came Silverton in 1890. Rigdon Son. directors. the home of brother Hendry, miles north of Salem. April 26th. ert Hendry age 76 years. father of Mrs. Frank Brown of and Mrs. sie Wolf of Chippewa Falls. Wis., brother of Hendry of Dr. of Creek, William of Ashland, of Eauclaire Wie., Geo. of Newport and Mrs G. Smith of Chico. Cal. The mains will be forwarded from the Rigdon mortuary to Chip pewa Falls, Wis.. for funeral and the 1850 N. Winter street. April 25th. Josephine Marvelle. day daughter Mr. and Mrs. R. Smalley. Funeral Monday April 27th Rigdon's. interment City cemetery. NELSON West Salem. 27th. Columbus, son of Mr. and Mrs. Columbus Nelson, The little body will taken from the Rigdon ary to Bellingham, Drake died Lebanon April 26. He was former resident of Salem Graveside funeral services held Tuesday cemetery in Salem. the board of regents of normal schools, left today for Ashland where the board will lect site for the building at the Ashland school. Under act of the 1925 legislature the school :s to be revived and Churchill has been elected president. Wanted, stove repair man, must know stove repairing or do not call. 100* Mrs. Viola La Van of Sharpville, Pa., has arrived here for visit with her brother, Phenicle, 541 South 17th street. They had not seen other for years. Mrs. Van 70 and white haired while now, when the brother and sister parted 40 years ago her hair was dark. Mr. Phenicle has been in Salem and Portland for 40 Mrs. years. La Van also visiting neighbor and friend of her girlhood, Mrs. formerly of GreenPa. The Model Beauty parlor has been fortunate enough to secure the services of Josephine Mills, an expert marseller late of Des Moines. Iowa. Give her trial and be convinced. 100* E. R. Paul of Albany arrest today for speeding. Marcel call 1048W. 100 C. Smith of Salem has been replaced by H. Shulling, former cashier of Condon, Oregon, bank receiver for the First National bank of Bandon. it was learned today. Shulling was papointed by the comptroller of currency Washington, D. Willamette ladies glee concert Waller hall, Wed. Apr. 29, m. Adm. 35c and 50c. 100* A child was born yesterday to Mr. and Mrs. Tompkins, of 1427 North 17th street, The birth occurred at local hospital. Wanted. boy over 18 to work in Gray Belle. 101* Frank Durbin, Sr. will preside the regular meeting of the lem at its weekly Tuesday. The speaker has not yet been announced, $300 down takes room home. plastered. bath and basement. Price $3300. Balance payable actly like rent. Quick possession. Becke Hendricks, bank bldg. 100* The Oregon Journal baseball nine was defeated in the opening game the junior twilight league series when the Adams Alley Cats won by score of 22 to Four of the Journal playwere absent in the first few innings and the Alley Cats took an eight run lead in the first inning. Red Lyons of the winners was the star of the game. Large home. terms Right down town. Furnace, and rage. $4750. Vacant today Becke & Hendricks, bank bldg. 100* An order has been issued by Hopi, Washoe, Escondido and Apache Indians some of the the public commission to tribes to be represented in all the effect that liability insurance their war paint. The Hopi Indians policies filed by persons or corwill "show the world" how the porations under the state transfamous Hopi snake dances are portation law shall embody performed. Thousands of people clause whereby the insurer travel to Arizona every year to agrees to make compensation for witness the marvelous perform injuries to persons and loss of or ance of the Hopi Indians, when damage to property caused by the the fantastic, religious snake operation of the vehicles The dances are held to the rhythm of insurer must give the commis- the weird aboriginal desert. sion at least 15 days notice be- In the course of these dances fore cancelling insurance. the Hopis encircle


Article from The World, August 7, 1925

Click image to open full size in new tab

Article Text

BANK RECEIVER SUES FOR $42,000 (Special to Coos Bay Times) F Schilling. receiver of the First Na. tional bank of Bandon, has filed suit against the Thompson Kelley Lumber company of Marshfield be cause of alleged failure to pay 67 bills of exchange made payable to the plaintiff from the account of the defendant. by the various persons. firms and corporations. named in the complaint who had business dealings with the defendant. The total amount of the suit amounts to approximately $42,000. with 6 per cent interest against each of the individual plus costs of the action.


Article from The World, August 22, 1925

Click image to open full size in new tab

Article Text

H. L. HOUSTON MOVES TO STRIKE OUT COMPLAINT (Special to Coos Bay Times) COQUILLE, Ore., Aug. 22 motion designed to strike out the complaint of H. F. Schilling as receiver for the First National Bank of Bandon, in the suit against the Thompson-Kelley Lumber company H. L. Houston and J. R. Thompson, was made yesterday by Houston Houston in his motion, made through T. T. Bennett and George P. Topping, cited that lines of the complaint are not numbered and complaint has not been veri, fied." The bank receiver is seeking to recover some $42,000 from the defendants.


Article from The World, November 18, 1925

Click image to open full size in new tab

Article Text

reported that the First National Bank of Bandon, in hands of receiver, would declare dividends to its depositors some time this week. About $50,000 will be disbursed, It was said The bank holds mortgage the Silver Spray dance hall Bandon which will be sold Eaturday at auction. It has been suggested that the bank might give dance in honor of Its H. F. Shilling. bank receiver. was in Marshfield yesterday on busiThe Moore Lumber for company also holds mortgage on the Fort dance hall property which owned by the Beach Investment Fort company of It was said that the bank and the bay lumber company may purchase the hall.


Article from The Evening Herald, November 23, 1925

Click image to open full size in new tab

Article Text

WHAT OTHERS ARE DOING Bits of News From Towns Throughout the State FROM ALL OVER OREGON $50,000 DIVIDEND It is reported that the First National Bank of Bandon. in hands of a receiver. would declare dividends to its depositors some time this week. About $50,000 will be disbursed, it was said. The bank holds a mortgage on the Silver Spray dance hall at Bandon which will be sold Saturday at auction. t has been suggested that the bank might give a dance in honor of its first disbursements. H. F. Shilling. bank receiver. was in Marshfield yesterday on business. The Moore Lumber company also holds a mortgage on the dance hall property which is owned by the Beach Investment company of Bandon. It was said that the bank and the lumber company may purchase the hall.Marshtield Times. MOOSE EATS CURTAINS Tuesday, Hobart Durbin and Dan Fiske, his guest from Ogden. Urah. had a most exasperating experience. says the Port Umpqna Courier. They started out hunting to Tahkenitch Lake After arriving at the hunting field. they went a way from the car leaving 11 parked. They had been away about five minutes and returned for their guns when they were startled by the sight of one of the Moose, pets of the game commission. poking its horns through the top of the car and eating the curtains. They tried 91'ery conceivable trick to distract the Moose's attention from his feast, but to no avail. They now realize their error in not bringing an apple along. It is customary for Fred Schetling. when passing through that section with his car. to take an apple along. When the Moose puts in an appearance. he feeds it the apple and is permitted to go nnmolested. Mr. Durbin's regret was his inability to prevent such wanton destruction of his property Marshfield News. MISS CONN HONORED Miss Mary Conn of Lakeview. has just been honored with membership in Theta Sigma Phi. national honorary journalistic fraternity at the University of Oregon. Miss Conn has been very active in journalistic affairs at the University serving on the reporting and advertising staffs of the "Emerald," the daily publication at the University, An article on the "History of JournalIgni in Lake County" will appear in an early issue of "Oregon EX, changes. Miss Conn prepared the data for the articles during the summer vacation from file. of the Examiner and from information received from ploneer residents. The article will be published in serial form in the Examiner as soon LLM Examiner. are a criterion of general married But this husband went the limit, seemingly. from his wife's allegations, as he topped off dits playful ways by going home one day, taking a sharp knife and cutting up her clothing no he ruined all of it. she says. In addition he WAS accustomed to using vile language, she asserts. She wants $150 attorney's fees, saying her hushand is an ablebodied mail, capable of eurning $125 a month. The couple were married at Oregon City in November, 1924. Salem Journal.


Article from The World, January 7, 1926

Click image to open full size in new tab

Article Text

LEGAL PAPERS ARE FILED WITH CLERK (Special to Coos Bay Times) COQUILLE, Ore., Jan. gal documents filed at the county clerk's office yesterday were: Satisfaction of Mortgage, Stout Lumber Company to D. D. Ross, Sarah A. Ross and F. Alton H. F. Schulling, as receiver of the First National Bank of Bandon to Chester E. Hadsell. The mortgage is satisfied by the receiver for the reason that the bank suspended on April 2. 1925, the undersigned having been appointed receiver by the Comptroller of the Currency on April 23. 1925, to take charge of said bank. Quit Claim Deed. E. B. Seabrook et ux to Agnes R. Sengstacken, Lots 1, 2. and 3. in Block 60. Coos Bay Plat Lots 15 and 16 in Block 48, Coos Bay plat "B" in the City of North Bend. $1.00. Corporation Warranty Deed. John S. Coke et UX and Chandlor Investment company to Portland, Eugene, Coos Bay Land Company, Lots 11, 12 of Block 4. Plat Add. to City of Marshfield. $10. Warranty Deed. John McLeod et ux to Etta Belle Cox. Lot 3. Block 3, Waterman's Park addition to City of Bandon. $50. C. O. Middleton et ux to Alvin C. Key et ux, northeast corner of Townsite of Alder Park. $10. E. T. Wolverton to Alex and Jack McLeod. Lot 4, Section 19. Twp. 28, S. of R. 14. W. con- Dept. taining 14 acres. $700.


Article from The World, December 14, 1926

Click image to open full size in new tab

Article Text

SCHILLING TO COLLECT $8,365 FROM DIRECTORS Defunct Bank of Bandon Case Settled After Hearing Lasting Several Days (Special Coos Bay COQUILLE, Dec. of H. Schilling. receiver for the defunct First National Bank of against Shumate, Lowe, Ira Sidwell, G. McNair and William McLeod, former directors, was settled late yesterday favor of the plaintiff by Judge Kendall. The plaintiff charged that the defendants signed note $8,365 after the bank had gone into the hands of the received in order to reimburse the bank for notes which had been written off the books by the examiner. The plaintiff will recover this judgment from the directors. Fixed Later Judge Kendall will fix the attorney fees and interest later. Sherwood of Coquille was attorney for the plaintiff and Bennett attorney for the fense. Dr. Huston, former president of the bank. testified yesterday. Others testifying were Norton Bandon, depositor; George Topping of Bandon, torney for the bank, and Sweet, manager of the Bank of Bandon. EFFORT TO REQUIRE CONSTRUCTION DEFEATED House Passes Irrigation Providing $12,000,000 for Work Associated Times WASHINGTON, D. Dec. 14: house today approved without change the section of the Interior Department bill appropriating nearly for the continuance western reclamation projects. The move write into the bill clause to make mandatory on Secretary of the Interior to start construction on the Baker, Ore,, project was defeated.


Article from The World, March 30, 1927

Click image to open full size in new tab

Article Text

F. S. PERRY PURCHASES BANDON BANK BUILDING F. S. Perry and associates are now, owners the First National bank building, the sale having been made by H. F. Schilling, receiver. by virtue of an order issued out of the District Court of the United States for the district of Oregon at Portland. The petition was presented to the court Marsh 21st. The deed has not yet been recorded and the price involved in the transaction is not made public. Mr. Perry is president of the Perry Veneer company Bandon World.