First National Bank - Joseph, OR

Episode Information

Episode UID: 804801482
Episode Type: Suspension → Closure
Bank Type: national
Bank ID: 80480 national
Charter Number: 8048
Start Date: June 14, 1923
Location: Joseph, Oregon (45.354, -117.230)

Metadata

Model: gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest: d4ac482ba630e496

Response Measures

None

Receivership Details

Depositor recovery rate: 10.7%
Date receivership started: 1923-06-14
Date receivership terminated: 1933-09-24
OCC cause of failure: Run
Share of assets assessed as good: 30.1%
Share of assets assessed as doubtful: 31.6%
Share of assets assessed as worthless: 38.3%

Description

Government receivership date in metadata (1923-06-14) differs from article wording; using official receivership date as authoritative.

Events (3)

1. January 15, 1906 Chartered

Source: historical_nic

2. June 14, 1923 Receivership

Source: historical_nic

3. June 14, 1923 Receivership

Newspaper Excerpt: F. D. McCully received his commission ... as receiver of the First National bank of Joseph.
Source: newspapers

Newspaper Articles (1)

1. June 25, 1923 The Observer La Grande, OR

Article from The Observer, June 25, 1923

Click image to open full size in new tab

Article Text

M'CULLY NOW IN CHARGE OF BANK ENTERPRISE, June 23. — F. D. McCully received his commission yesterday from the comptroller of the currency at Washington, as receiver of the First National bank of Joseph. A telegram last Thursday morning advised him of his appointment and since then he has been engaged with Examiner B. K. Patterson, getting the run of the bank's affairs. Mr. Patterson has left for the east and the receiver is now in full charge. As stated last week, the receiver