First National Bank (Anacortes, WA)

Episode Information

Episode UID
445801141
Episode Type
Suspension โ†’ Closure
Bank Type
national
Bank ID
44580 national
Charter Number
4458
Start Date
January 17, 1895
Location
Anacortes, Washington (48.513, -122.613)

Metadata

Model
gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
70ed2c3578138f5b

Response Measures

None

Receivership Details

Depositor recovery rate
55.0%
Date receivership started
1895-03-06
Date receivership terminated
1899-05-15
OCC cause of failure
Losses
Share of assets assessed as good
15.9%
Share of assets assessed as doubtful
66.2%
Share of assets assessed as worthless
17.9%

Description

Published receivership date (1895-03-07) is one day later than provided known receivership date (1895-03-06).

Events (5)

1. November 6, 1890 Chartered
Source
historical_nic
2. January 17, 1895 Suspension
Cause
Government Action
Cause Details
Bank ceased transacting business and awaited bank examiner; operations suspended and deposits returned pending examiner/comptroller action.
Newspaper Excerpt
The First National bank failed to transact its usual business this morning. Deposits were received yesterday, but they were not entered on the bank's books, and were returned to customers today.
Source
newspapers
3. March 6, 1895 Receivership
Source
historical_nic
4. March 7, 1895 Receivership
Newspaper Excerpt
Frank W. Hawkins has been appointed receiver of the suspended First National bank of Anacortes.
Source
newspapers
5. September 3, 1895 Other
Newspaper Excerpt
Comptroller of the Currency Orders ... First National bank of Anacortes ... 25 per cent; declared dividends in favor of the creditors of the national banks.
Source
newspapers

Newspaper Articles (12)

Article from The Seattle Post-Intelligencer, January 18, 1895

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Article Text

Bank Failure at.Anacortes. Anacortes, Jan. 17.-Spectal.-The First National bank falled to transact Its usual business this morning. Deposits were received yesterday, but they were not entered on the bank's books, and wre returned to customers today. It is not known whether a receiver will be appointed. The bank examiner is expected here tomorrow. Without question the assets of the bank are more than enough to pay depositors in full, and the bank may resume.


Article from The Seattle Post-Intelligencer, March 2, 1895

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Article Text

The Anacortes Bank Failure. Washington City, March 1.-SpecialComptroller Eckels said today that he would appoint a receiver for the First National bank of Anacortes tomorrow, but he had as yet scarcely looked at the applications received for the place, and could not, therefore, say whom he would select.


Article from The Seattle Post-Intelligencer, March 8, 1895

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Article Text

Receiver of the Anacortes Bank. Washington City, March 7.-SpecialFrank W. Hawkins has been appointed receiver of the suspended First National bank of Anacortes.


Article from The Seattle Post-Intelligencer, June 9, 1895

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Article Text

PERSONAL. Mr. and Mrs. H. F. Baer, of Spokane, are at the Butler. C. W. Green, a lumberman of Belfast, in this state, is at the Butler. Mrs. E. C. Smith and son, of San Francisco, are in the city on a pleasure trip. Miss Julia Miller, of Santa Barbara, Cal., is the guest of Mrs. David Kellogg. Judge Alfred Battle leaves this week for San Francisco on business and pleasure. S. E. Boynton, of Everett, at one time manager of the Tacoma Globe, is in the city, stopping at the Diller. E. N. MoIntyre and L. L. Griffith, two attorneys of Danby, Vt., are in the city and have rooms at the Northern. W. M. Wardner, a well known mill man of Spokane, arrived in the city yesterday and is stopping at the Northern. Mr. and Mrs. James Gaches, of La Conner, are in the city for a few days. Mr. Gaches is one of the pioneer merchants of Skagit county. F. W. Hawkins, receiver of the suspended First National bank of Anacortes, arrived in the city last night and is stopping at the Butler. Dr. and Mrs. G. A. Weed arrived home yesterday from California, and are the guests of Dr. and Mrs. Park Weed Willis, 617 Chestnut street. Mrs. James H. McSorley and her sister, Miss Emma Kessler, returned on the Mexico from an enjoyable visit in Los Angeles and Santa Monica. Claud C. Ramsey will leave this week for an extended trip to the East. After visiting all the main points of interest in the Eastern cities he expects to spend a few weeks visiting his father, Dr. James G. Ramsey, in North Carolina.


Article from The Kootenai Herald, September 7, 1895

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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.


Article from The Seattle Post-Intelligencer, December 5, 1895

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Article Text

New Suits Filed. The following new suits were filed yesterday in the superior court: W. L. Whitney, jr.. vs. John Teemann et al.-$1,120 promissory note and to foreclose mortgage. Atkinson-Calhoun Company vs. John De Martini et ux.-$123.50, goods furnished; garnishment directed to Angelo Benettetti. Edmund L. Hepler vs. Caroline Hepler -Divorce. Charles Healey vs. Washington Dairy Company-$34, transcript from justice court. James T. Hurst vs. Alfred Mosher & Son-$44,000 promissory notes paid by Hurst as indorser. F. W. Hawkins, as receiver of the First National bank of Anacortes, vs. Herbert Tappan-$125 promissory note; garnishment' directed to Bank of British Columbia at Seattle. Pierre P. Ferry VS. J. H. Kunzie et al. $625 promissory note and to foreclose mortgage.


Article from The Sun, July 29, 1897

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Article Text

Bank Receiver Resigns to Go to the Kiondike. WASHINGTON, July 28.-This telegram was received to-day by Mr. Eckels, the Comptroller of the Currency, from F. W. Hawkins, receiver of the defunct National Bank at Anacortes, Wash.: "Please accept my resignation as receiver by wire. The Alaska gold fever is overwhelming. The acceptance was promptly telegraphed.


Article from The San Francisco Call, July 29, 1897

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Article Text

He Had to Go. WASHINGTON, D. C., July 28.-This telegram was received to-day by the Comptroller of the Currency from F. W. Hawkins, receiver of the defunct National Bank at Anacortes, Washington: Please accept my resignation as receiver by wire. Alaska gold fever is overwhelming. Acceptance was promptly telegraphed.


Article from The Western Sentinel, August 5, 1897

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Article Text

Resigns to Go to the Klondike. WASHINGTON, July 29.-This telegram was received today by Mr. Ecs kles, the Comptroller of the Currens cy, from F. W. Hawkins, receiver of the defunct National Bank at Anas cortes, Wash : "Please accept my resignation as receiver by wire. The Alaska gold fever is overwhelming." The acceptance was promptly telegraphed.


Article from The Seattle Post-Intelligencer, August 17, 1897

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Article Text

Comptroller Eckels has approved the selection of the Northwestern National bank. of Chicago, as a reserve agent for the Boston National bank, of Seattle, in place of the Centennial National bank, of Chicago, revoked. P. W. Strader will be retained as receiver of the First National bank, of Anacortes, in place of T. W. Hawkes, resigned.


Article from The Seattle Post-Intelligencer, October 7, 1897

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Article Text

To Sell Doubtful Assets. In the Federal court yesterday Judge Hanford signed an order authorizing Charles H. Baker, receiver of the Merchants' National bank. to sell all doubtful assets of the bank in his possession. An order was made giving the receiver of the First National bank of Anacortes similar authority.


Article from The Seattle Post-Intelligencer, January 12, 1899

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Article Text

RECEIVER'S SALE-Pursuant to an der made by the Circuit Court of United States, for the district of Was ington, northern division, authorizing a so to do, I will offer at private sale an office in the city of New Washington, until the 24th day of James ary, 1899, all the assets of the First Nr tional Bank of Auacortes, Washington remaining unconverted into money. and such of said assets as are not sold within said time will be sold at public author to the highest bidder, on the 25th of w uary. A. D. 1899. at the former office & the First National Bank of Anamine Washington, at the hour of tell d'clock in the forenoon, of sald day. A schedule of the assets of the tale w bank now remaining unconverted money will be furnished on request Terms of sale, cash. โ‚ฝ. W STRADER As Receiver of the Firm National Bank if Anacortes, Washington โ‚ฝ. o address. New Whateom, Wanter ton