Union Savings Bank & Trust Company (Tacoma, WA)

Episode Information

Episode UID
7232590891170
Episode Type
Suspension โ†’ Closure
Bank Type
trust
Bank ID
723259089 hash
Start Date
June 29, 1897
Location
Tacoma, Washington (47.253, -122.444)

Metadata

Model
gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
72434c82e266757e

Response Measures

None

Events (2)

1. June 29, 1897 Receivership
Newspaper Excerpt
Charles Richardson was appointed receiver by the court.
Source
newspapers
2. June 29, 1897 Suspension
Cause
Government Action
Cause Details
Decision of the State Supreme Court invalidating $500,000 of city warrants, of which the bank held $250,000.
Newspaper Excerpt
The Union Trust and Savings Bank suspended this morning.
Source
newspapers

Newspaper Articles (14)

Article from The Indianapolis Journal, June 30, 1897

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Article Text

Savings Bank Suspends. TACOMA, Wash., June 29.-The Union Trust and Savings Bank suspended to-day, and the court appointed Charles Rinehardson as receiver. No statement has yet been filed. It is stated that the cause of the trouble is a recent decision of the State Supreme Court invalidating $500,000 worth of city warrants, of which the bank holds $250,000 worth.


Article from Rock Island Argus, June 30, 1897

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Article Text

Supreme Court Wrecksa Bank. Tacoma, Wash., June 30.-The Union Trust and Savings bank suspended yesterday and the court appointed Charles Rinehardson as receiver. It is stated that the cause of the trouble is a recent decision of the state supreme court invalidating $500,000 worth of city warrants as fraudulently issued of which the bank held $250.000.


Article from The Herald, June 30, 1897

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Article Text

A Broken Bank TACOMA, June 29.-The Union Trust and Savings Bank suspended this morning. Charles Richardson was appointed receiver by the court. No statement has yet been filed. The failure is attributed to the recent decision of the Supreme Court invalidating half a million dollars' worth of city warrants, of which the bank held one-half.


Article from The Saint Paul Globe, June 30, 1897

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Article Text

Tacoma Bank Suspends. TACOMA, Wash., June 29.-The Union Trust and Savings bank suspended today, and the court appointed Charles Richardson as receiver. No statement has yet been filed. It is stated that the cause of the trouble is a recent decision of the state supreme court, invalidating $500,000 worth of city warrants, of which the bank holds $250,000 worth.


Article from San Antonio Daily Light, June 30, 1897

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Article Text

BANK RECEIVERSHIP. Tacoma, Wash., June 30.-The Union Savings bank trust company has closed its doors and gone into the hands of a receiver as a direct result of the recent Supreme court decision declaring a large amount of city warrants illegal.


Article from The Wheeling Daily Intelligencer, July 1, 1897

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Article Text

Bank Closes IIR Doors. TACOMA, Wash, June 30.-Union Savings Bank Trust Company has closed 118 doors and gone into the hands of a receiver as a direct result of the recent supreme court decision declari us a large amount of city warrants to be illegal. Judge Williamson appointed Charlen Richardson to take charge.


Article from Kansas City Journal, July 1, 1897

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Article Text

Tacoma, Wash., Bank Fails. Tacoma Wash.. June 30.-The Union Savings Bank Trust Company has closed its doors and gone into the hands of a receiver as a direct result of the recent supreme court decision declaring a large amount OR city warrants to be illegal.


Article from The Madison Daily Leader, July 1, 1897

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Article Text

Cause. Court Decision 11 - The Union TACOMA. Wash., July Trust and Savings bank has suspended and the court appointed Charles Rinehardson as receiver. No statement has yet been filed. It is stated that the cause of the trouble is a cent decision of the state supreme COU invalidating $500,000 worth of city warrants, of which the bank holds $250.000 worth.


Article from The Sauk Centre Herald, July 1, 1897

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Article Text

Court Decision the Cause. Tacoma, Wash., June 30.-The Union Trust and Savings bank has suspended and the court appointed Charles Rinehardson as receiver. No statement has yet been filed. It is stated that the cause of the trouble is a recent decision of the state supreme court invalidating $500,000 worth of city warrants, of which the bank holds $250,000 worth.


Article from The Roanoke Times, July 2, 1897

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Article Text

TACOMA BANK SUSPENDS. Tacoma, Wash., July 1.-The]Union Savings Bank and Trust Company has closed its doors and gone into the hands of a receiver, as a direct result of the recent supreme court decision declaring a large amount of city warrants to be illegal. Judge Williamson appointed Charles Richardson to take charge of the company.


Article from Little Falls Weekly Transcript, July 2, 1897

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Article Text

Court Decision the Cause. Tacoma, Wash., June 30.-The Union Trust and Savings bank has suspended and the court appointed Charles Rinehardson as receiver. No statement has yet been filed. It is stated that the cause of the trouble is a recent decision of the state supreme court invalidating $500,000 worth of city warrants, of which the bank holds $250,000 worth.


Article from Perrysburg Journal, July 3, 1897

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Article Text

Bank Breaks. Tacoma, Wash., June 30.-The Union Trust and Savings bank suspended yesterday. The cause of the trouble is a recent decision of the state supreme court invalidating $500,000 worth of city warrants, of which the bank holds $250,000 worth.


Article from The Dalles Times-Mountaineer, July 3, 1897

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Article Text

Bank Failure at Tacoma. TACOMA, June 29.-The Union Trust & Savings bank suspended this morning, and the court appointed Charles Richardson receiver. No statement has yet been filed. It is stated the cause of the trouble was a recent decision of the state supreme court invalidating half a million city warrants fraudulently issued, of which the bank holds $250,000.


Article from The Caucasian, July 8, 1897

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Article Text

TACOMA, Wash., June 30. - The Union Savings Bank Trust Company has closed its doors and gone into the hands of a receiver as a direct result of the recent Supreme court decision declaring a large amount of city warrants to be illegal. Judge Williamson appointed Charles Richardson to take charge.