gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
e3ae11e79c1d1b30
Response Measures
None
Receivership Details
Depositor recovery rate
100.0%
Date receivership started
1894-06-08
Date receivership terminated
1897-10-28
OCC cause of failure
Fraud
Share of assets assessed as good
14.5%
Share of assets assessed as doubtful
61.6%
Share of assets assessed as worthless
23.9%
Events (4)
1.March 5, 1890Chartered
Source
historical_nic
2.May 16, 1894Suspension
Cause
Government Action
Cause Details
Examiner Cleary assumed charge and the bank suspended by order of the Comptroller of the Currency.
Newspaper Excerpt
The National Bank of Pendleton suspended this morning. Examiner Cleary has taken charge by order of the Controller of the Currency.
Source
newspapers
3.June 8, 1894Receivership
Source
historical_nic
4.June 8, 1894Receivership
Newspaper Excerpt
The comptroller of the currency has appointed Chas. Jackson as receiver of the National Bank of Pendleton, Ore., which suspended payment on May 16, 1894.
Source
newspapers
Newspaper Articles (16)
1.May 17, 1894The Record-UnionSacramento, CA
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Article Text
An Oregon Bank Suspends. PENDLETON (Or.), May 16.-The National Bank of Pendleton suspended this morning. Examiner Cleary has taken charge by order of the Controller of the Currency. The failure caused no surprise. The deposits were not large and the depositors are secured, The stockholders will lose nothing.
2.May 17, 1894The Indianapolis JournalIndianapolis, IN
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Article Text
Failure of an Oregon Bank. PENDLETON, Ore., May 16.-The National Bank of Pendleton suspended this morning. Examiner Cleary has assumed charge by order of the Controller of the Currency. The failure caused no surprise. The deposits were not large and the depositors are secured. The stockholders will lose 'heavily.
3.May 17, 1894The Salt Lake HeraldSalt Lake City, UT
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Article Text
GOVERNMENT AND OTHER BONDS. New York, May 16. 117% U. S. 5s coup 117% U. S. 5s reg U. S. 4s reg 1131/4 U. S. 4s coup 113% Pac. 6s of 95.103 96 U. S. 4165 reg 100 Missouri 6s 96 Louis. S. 4s Tenn. N. S. 5s 101 103 Tenn. N. S. 6s 1041/4 991/1 Can. S. 2nds Tenn. N. S. 3s D. & R. G. lsts. 113 105 Cen. Pac. 1sts 75 Erie 2nds 75 D. & R. G. 4s. M. K. & T. G. 6s.. 43% M. K. & T. G. 5s 82 Mutual Union 6s..115 N. J. C. I. Cert.114% N. Pacific 1sts 1081/4 N. Pacific 2nds. 79 N. Debs. 5s 109 N'western Cons 140 S. L. & I. M. G. 5s 193 S. L. & S.F.G.M. 94 328 St. P., C. & P. 1s1114 St. Paul Cons T. P. L. G. T. R 183% T.P.R.G.T. Rets 22 West Shore 104% Union Pac. 1sts. 105 661/2 Atchison 4s 72% R. G. W. 1sts 303/4 G. H. & Sa. 6s..100 Atchison G. H. & Sa. 7s off 98 H. & T. C. 5s 106 N. C. 6s offered121 100 H. & T. C. 6s 100 Tenn. old 6s 60 N. C. 4s VA. Centuries. 59% Va. C. deferred 8 PENDLETON BANK CLOSED. Pendleton, Ore., May 16.-The National Bank of Pendleton suspended this morning. Examiner Cleary has taken charge by order of the comptroller of the currency. The failure caused no surprise.
4.May 17, 1894The Morning CallSan Francisco, CA
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Article Text
Stockholders Lose Heavily. PENDLETON, Or., May 16.-The National Bank of Pendleton suspended this morning. Examiner Cleary has taken charge by order of the Comptroller of the Currency. The failure caused no surprise. The deposits were not larg and the depositors are secured. Tne stocknolders will lose heavity.
5.June 8, 1894The Topeka State JournalTopeka, KS
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Article Text
Bank Receiver Appointed. WASHINGTON, June 8.-The - comptrollor of the currency has appointed Chas. Jackson as receiver of the National Bank of Pendleton, Ore., which suspended payment on May 16, 1894.
6.June 9, 1894The Morning CallSan Francisco, CA
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Article Text
Receiver of an Oregon Bank. WASHINGTON, June 8.-The Comptroller of the Currency has appointed Charles Jackson receiver of the National Bank at Pendleton, Or., which suspended payment May 16.
7.January 22, 1895The Daily Morning AstorianAstoria, OR
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Article Text
C. S. Jackson, of the East Oregonian, Waylaid. n HE IS EQUAL TO THE OCCASION. A Landslide at Marshville-More Trouble for the Pacific Insurance Union. Associated Press. Pendleton, Or., Jan. 21.-Chas. S. Jackson, receiver of the National Bank of Pendleton, has received authority from the comptroller of the currency to declare a dividend of five per cent on proved claims of the closed bank. The bank suspended May 16th, 1894. C. S. Jackson, editor of the East Oregonian, and C. C. Hendricks, a heavy property owner here, created excitement today by a personal encounter. Hendricks procured a loaded cane and sought Jackson. They met in front of the postoffice, when Hendricks referred to an editorial appearing in the East Oregonian which appeared Saturday, and which said that Hendricks, who favored voting no tax for school purposes, was owner of bawdy houses and collected rent to a large amount. An altercation ensued and Hendricks called Jackson a liar and other epithets were applied. Jackson slapped Hendricks and the latter used the cane. A large crowd collected and the marshal appeared and arrested Hendricks, who was taken before the recorder and fined twenty. dollars.
8.January 22, 1895The Seattle Post-IntelligencerSeattle, WA
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Article Text
NORTHWEST NEWS. The aste Mary Stevenson did not visit Puget Sound with her father in 1893, na the Tacoma Ledger said, but Miss Letitin accompanied him. The Tacoma Morning Union celebrates fts removal into new and commodious quarters by publishing a handsomely 11. hatrated souvenir edition of twenty-four pages. Charles Jackson, receiver of the National Bank of Pendleton, Or., has n edived apthority from the comptroller of the currency to declare a dividend of 13 por cent. on proved claims of the bank, which suppented May 18, 1894. The Times, John L Wilson's organ at Spokame, which recently suspended publiestion, has been revived as the advocate of Johnny Considine, the divekeeper. Considine has had some experience in the newspaper business. and seems determined to make bimself a leader of the Spokane Democracy.
9.January 24, 1895The Corvallis GazetteCorvallis, OR
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Article Text
DIVIDENDS And Scraps All the Go in Pendleton. An Editor Mixed Up in both Events. A Defunct Bank Making Good Its Shortages as Fast as Possible. PORTLAND, Or., Jan. 21.-C. S. Jackson, editor of the East Oregonian, and C. C. Hendricks, a heavy property owner here, created quite a sensation today by engaging in a personal encounter. Hendricks procured a loaded cane and sought Jackson. They met in front of the postoffice, when Hendricks referred to an editorial appearing in the East Oregonian of Saturday which said that Hendricks, who favored voting no tax for school purposes, was the owner of bawdy houses and collected rent therefrom to a large amount: An altercation ensued and Hendricks called Jackson a liar and other epithets were applied. Jackson slapped Hendricks and the latter used his cane. A large crowd collected and the marshal appeared, arrested Hendricks, who was taken before the recorder and fined $20. Chas. S. Jackson, receiver of the National bank of Pendleton, has received authority from Comptroller of the currency to: declare a dividend of 25 per cent on the proved claims against the closed bank. The bank suspended on May 16, 1894. .
10.January 25, 1895The State Rights DemocratAlbany, OR
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Article Text
A Dividend Declared. PENDLETON, Or., Jan. 21.-Charles S. Jackson, receiver of the National Bank of Pendleton,has received authority from the controller of the currency to declare a dividend of 25 per cent on the proved claims of the closed bank. The bank suspended May 16. 1894.
11.June 21, 1895The Athena PressAthena, OR
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Article Text
Umatilla's Wheat King. In the United States circuit court Friday last the case of C. S. Jackson, receiver of the National bank of Pendleton, vs. James M. Elgin was heard on motion of plaintiff's attorneys, Meesrs. Cox, Teal, Cot. ton and Minor, for judgment. The basis of the unit was a series of promissory notes given by Elgin to the bank. one dated June 29, 1893, for $7000; one July 26, 1893, for $7650.09; and one December 29, 1893. for $8000. Inasmuch as Mr. Elgin did not appear in court judgment by default was given as pray-
12.September 7, 1895The Kootenai HeraldBonners Ferry, Kootenai, ID
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Article Text
DIVIDENDS ON SUSPENDED BANKS Comptroller of the Currency Orders Lib eral Amounts Paid. Washington, Sept. 3.-The comptroller of the currency has declared dividends in favor of the creditors of the national banks as follows: First National bank of Anacortes, Anacortes, Wash., 25 per cent; National bank of Pendleton, Pendleton, Or., 25 per cent; American National bank, Springfield, Mo., 20 per cent.
13.September 11, 1895Elmore BulletinRocky Bar, Mountain Home, ID
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Article Text
PENDLETON BANK CREDITORS PAID Checks for a Twenty-Five Per Cent Dividend Distributed. Pendleton, Ore., Sept. 5.-Checks drawn on the assistant treasurer of the United States in New York, covering the second 25 per cent dividend on proved claims against the National bank of Pendleton, have been received from Washington and are being delivered to the claimants by Charles B. Jackson, receiver.
14.September 12, 1895The Weiser SignalWeiser, ID
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Article Text
PENDLETON BANK CREDITORS PAID Checks for a Twenty. Five Per Cent Dividend Distributed. Pendleton, Ore., Sept. 5.-Checks drawn on the assistant treasurer of the United States in New York, covering the second 25 per cent dividend on proved claims against the National bank of Pendleton, have been received from Washington and are being delivered to the claimants by Charles S. Jackson, receiver.
15.November 13, 1897The Dalles Times-MountaineerDalles, OR
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Article Text
Under the management of Receiver C. S. Jackson, the National bank of Pendleton, has paid every dollar of its indebtedness. When the bank went into insolvency it was thought 50 cents on the dollar would be a good settlement, but it has, under Mr. Jackson's careful supervision, paid dollar for dollar without levying an assessment upon the stockholders.
16.February 13, 1915East Oregonian : E.OPendleton, OR
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Article Text
Suit to Quiet Title. To quiet title to the northeast quarter of section 32, township 3, north of range 31, which he has held openly and notorioΓΉsly for years, H. H. Wessel today brought suit against Robert and Lucy Walker, the Lombard Investment Co., Umatilla county, Charles S. Jackson. receiver of the insolvent National Bank of Pendleton, the heirs of Jeremiah Barnhart Osborn W. Bright, Frank Kempe, Alexander Bryant, L. C. Tweed and Abraham M. Hyatt. all of whom claim some right in the land. Mr. Wessel is represented by Fee and Fee.
Bank runs are almost always and everywhere a deterioration of bank fundamentals.
But not for you.
You are the measure-zero exception: great fundamentals, solid bank, and yet the Diamond Dybvig fairy spread its rumor. Depositors woke up. Your collateral was not prepositioned. The Clearinghouse had it for you.
Do not pass Go. Do not collect $200. Go directly to jail… or worse.