Oregon Trust & Savings Bank

Bank Information

Episode Type: Suspension → Closure
Bank Type: savings bank
Start Date: July 3, 1911
Location: Portland, Oregon (45.523, -122.676)

Metadata

Model: gpt-5-mini
Short Digest: 4ef0491a

Response Measures

None

Description

Article (Daily Capital Journal, 1911-07-03) describes the Oregon Trust & Savings Bank as 'suspended' and links the suspension to embezzlement/larceny (indictments, cashier in penitentiary). The text does not explicitly state a reopening or receivership assignment; the bank is described as suspended and implicated in criminal embezzlement, so I classify this as suspension leading to closure. If additional articles show reopening or receiver appointment, the classification should be revised.

Events (1)

1. July 3, 1911 Suspension

Cause: Bank Specific Adverse Info
Cause Details: Embezzlement and larceny charges connected to sale of Omaha Independent Telephone stock; indictment of Louis J. Wilde and prior conviction of former cashier W. Cooper Morris for bank wrecking (about $90,000).
Newspaper Excerpt: the suspended Oregon Trust & Savings bank, of Portland.
Source: newspapers

Newspaper Articles (1)

1. July 3, 1911 Daily Capital Journal Salem, OR

Article from Daily Capital Journal, July 3, 1911

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Article Text

LOUIS WILDE 010 1:3 1071 IS ORDERED erric ARRESTED Portland, Or., July 3.-The arrest of Louis J. Wilde, at San Diego, was ordered by Sheriff Stevens, of Multnomah county, this afternoon, and a telegraphic warrant was wired to Los Angeles immediately. Wilde's bond of $2000 was raised to $50,000 by Judge Gantenbein. Wilde is wanted in Portland on a grand jury indictment charging embezzlement in connection with the sale of a $500,000 block of Omaha Independent Telephone stock to the suspended Oregon Trust & Savings bank, of Portland. Wilde was indicted Friday jointly with W. Cooper Morris, former cashier of the Oregon Trust company, who is now serving a term in the Oregon penitentiary for bank wrecking. They were charged with larceny by embezzlement of $90,000. The document Continued on page two.