First National Bank (Bend, OR)

View Charter #9363 on SPMC View balance sheet

Episode Information

Episode UID
936301528
Episode Type
Suspension β†’ Closure
Bank Type
national
Bank ID
93630 national
Charter Number
9363
Start Date
April 20, 1927
Location
Bend, Oregon (44.058, -121.315)

Metadata

Model
gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
a1ed368632b305e3

Response Measures

None

Receivership Details

Depositor recovery rate
46.0%
Date receivership started
1927-04-29
Date receivership terminated
1933-03-01
Share of assets assessed as good
29.2%
Share of assets assessed as doubtful
47.7%
Share of assets assessed as worthless
23.1%

Description

Suspension dated in sources as April 20, 1927; receivership followed (known government receivership date 1927-04-29).

Events (6)
1. March 17, 1909 Chartered
Source
historical_nic
2. April 20, 1927 Suspension
Cause
Bank Specific Adverse Info
Cause Details
Bank suspended because of insolvency / depleted funds (closed due to insolvent condition in April 1927).
Newspaper Excerpt
at the time of the bank's suspension on April 20, 1927
Source
newspapers
3. April 29, 1927 Receivership
Source
historical_nic
4. April 29, 1927 Receivership
Newspaper Excerpt
receiver in charge (H. F. Schilling later named) and bank closed because of its insolvent condition in April 1927
Source
newspapers
5. December 22, 1927 Other
Newspaper Excerpt
expected that the First National bank receiver will schedule pay day early next week, distributing the 20 per cent dividend.
Source
newspapers
6. March 14, 1932 Other
Newspaper Excerpt
Payment started on bank dividend ... the Fourth dividend ... checks are being distributed ... the First National bank temporarily reopened.
Source
newspapers

Newspaper Articles (21)
1. April 21, 1927 The Capital Journal Salem, OR
Article from The Capital Journal, April 21, 1927

Click image to open full size in new tab

Article Text

LINEN MILL FILM SHOWN BY PATHE International distribution of the moving picture film of the Oregon Linen mills taken by the Oregon Pictorial Review of the Portland chamber of commerce will be given through the Pathe News reel HerCuthbert. manager of the chamber's publicity department announced today The Pathe people bought the film use in their feature reels that theaters Pathe in all parts world. The picture the Oremills was filmed Charles Piper and Frank Heaton who operthe Oregonian screen review until Portland chamber of commerce began sponsoring the OrePictorial big thing Salem and her new industry.' Cuthbert BEND BANK CLOSED April First National bank of Bend closed today. in charge audit way when will Closing of the bank day followed that due depletion

2. September 24, 1927 The Bulletin Bend, OR
Article from The Bulletin, September 24, 1927

Click image to open full size in new tab

Article Text

Court Orders County Bank Balance Inquiry District Attorney Moore to Trace Liability Unsecured Deposits of In National Bank be Investigated An investigation into Deschutes deposits in the First tional bank the time of the bank's suspension April has been ordered by the county court. District Attorney Moore directed make the investigaand ascertain whether not county properly protected not liable for the The order reads follows: appearing to the county court from the audit recently made Mr. Erickson of the and from celved from the county that the time the First tional bank of Bend the county had deposit said bank in the special market roed fund the sum of for which held no and further appearing that the the state of Oregon erquire that all money of the county banks other depositories be protected and compensation for the entire amount of money deposited said fund. therefore. "Ordered that the matter submitted to the district attorney instructions to make proper invesigation to whether not the county is properly in said fund. If protected who Is liable and take all necessary and proper steps to enforce such the interests of the protect

3. September 29, 1927 The Bend Bulletin Bend, OR
Article from The Bend Bulletin, September 29, 1927

Click image to open full size in new tab

Article Text

Court Orders County Bank Balance Inquiry District Attorney Moore to Trace Liability Unsecured Deposits of In First National Bank be Investigated An investigation into Deschutes county's deposits in the First National bank the time of the bank's suspension last Aprfl has ordered by the county court. District Attorney Moore directed to make the tion and ascertain whether or not the county properly protected liable for the loss The order reads as follows: appearing to the county court from the audit recently made by Mr. Erickson of the county's and from from the county that the time the First tional bank of Bend suspended. the county had on deposit said bank in the special market road fund the sum of for which held and further appearing that laws the state of erquire all money of the deposit in banks other depositories be protected by and compensation for the amount of money deposited "Ordered that the matter submitted the district instructions to proper invesigation to ascertain whether not the county properly protected said fund. If liable and take all necessary and proper enforce such and steps protect the interests

4. September 29, 1927 The Redmond Spokesman Redmond, OR
Article from The Redmond Spokesman, September 29, 1927

Click image to open full size in new tab

Article Text

COURT ORDERS INVESTIGATION District Attorney Moore to Trace Liability For $90,185.24 In First National Bank Of Bend. An investigation into Deschutes county's deposits in the First National bank- at the time of the bank's suspension st Aprill has been ordered by the county court. District Attorney A. J. Moore was directed to make the investigation and ascertain whether or not the county was properly protected and If not who is liable for the loss. The order reads as follows: "It appearing to the county court from the audit recently made by Mr. Erickson of the county's books, and from information received from the the county treasurer, that at the time the First National bank of Bend suspended, the county had on deposit in said bank in the special market road fund the sum of $90.185.24, for which it. held no security. and it further appearing that the laws of the state of Oregon require that all money of the county on deposit in banks or other depositories be protected by securities, and compensation for the entire amount of money deposited in said fund, it was therefore, "Ordered that the matter be submitted to the district attorney with instructions to make proper investigation to ascertain whether or not the county is properly protected in said fund. If not, who is liable therefor, and to take all necessary and proper steps to enforce such liability and protect the interests of the Bulletin.

5. October 6, 1927 The Redmond Spokesman Redmond, OR
Article from The Redmond Spokesman, October 6, 1927

Click image to open full size in new tab

Article Text

PROCEEDINGS OF COUNTY COURT Bend, Oregon, Sept. 22, 1927. The County Court of Deschutes County met this day pursuant to adjournment, all members being present, whereupon the following proceedings were had, to-wit: In the Matter of Issuing Deed to E. M. Walters. WHEREAS, it appears that on the 17th day of June, 1927, Deschutes County acquired title to Lot 11, Block 70, Bend Park, an addition to Bend. Deschutes County, Oregon, under and by virtue of a tax sale: and WHEREAS, it appears from the affidavit of E. M. Walters presented to the County Court that E. M. Walters was at the time of said sale the record owner of said described premises, and desires to pay up the taxes, interest and costs and redeem said premises; and WHEREAS, it appears that the total amount of taxes, interest and costs for the year 1920 amount to $3.43, and that said E. M. Walters is entitled to redeem said property under the laws of the State of Oregon. It is, therefore, hereby ORDERED that the County Judge and County Commissioners be and they are hereby authorized to execute and deliver to the said E. M. Walters a deed conveying to him said premises upon the payment to the County of the sum of $3.43. In the Matter of Issuing Deed to Frankie Lehrman. WHEREAS, it appears that on the 24th day of October. 1925, Deschutes County acquired title to Lot 5, Block 3. Hastings Addition to Bend, Deschutes County, Oregon. under and by virtue of a tax sale: and WHEREAS. It appears from the affidavit of Frankie Lehrman presented to the County Court that Frankie Lehrman was at the time of said sale the record owner of said described premises, and desires to pay up the taxes, interest and costs and redeem said premises; and WHEREAS, it appears that the total amount of taxes, interest and costs for the year 1917 amount to $5.13, and that said Frankie Lehrman is entitled to redeem said property under the laws of the State of Oregon. It is, therefore, hereby ORDERED that the County Judge and County Commissioners be and they are hereby authorized to execute and deliver unto the said Frankie Lehrman a deed conveying to her said premises upon the payment to the County of the sum of $5.13. In the Matter of Burning Brush from the Paulina Prairie Section of The Dalles-California Highway. Chet Springer submitted an offer to the County Court for the burning of the brush along the Paulina Prarie Section of The Dalles-California Highway for the sum of $55.00, and it appearing to the Court that said offer is reasonable and should be accepted. It is, therefore, ORDERED that the offer of said Chet Springer be accepted and he be employed to burn the brush from said portion of said Highway for the sum of $55.00. Complaint was made to the County Court by John McFadden that the Oregon Trunk Railway Co. contemplated putting gates at the crossing over its track at a point about a mile South of the Crooked River bridge, and that there is a great deal of travel over this crossing, and the installing of gates would seriously impede the travel into the section lying between the railroad and Crooked River. It was, therefore, ORDERED that the County Court protest to the Public Service Commission against permitting the railroad company to install gates at said crossing. In the Matter of Funds of the County on Deposit in the First National Bank of Bend at the time of its suspension in April, 1927. It appearing to the County Court from the audit recently made by Mr. Erickson of the County's books, and from information received from the County Treasurer, that at the time the First National Bank of Bend suspended, the County had on deposit in said bank in the,Special Market Road fund the sum of 185.24, for which it held no security, and it further appearing that the laws of the State of Oregon require that all money of the County on deposit in banks or other depositories be protected by securities. It further appearing that the County is entitled to full compensation for the entire amount of money deposited in said fund. It was ORDERED that the matter be submitted to the District Attorney with instructions to make proper investigation to ascertain whether or not the County is properly protected in said fund. If not, who is liable therefor, and to take all necessary and proper steps to enforce such liability and protect the interests of the County. There being no further business to come bèfore the Court, the Court then adjourned to meet again Wednesday, September 28th, 1927, at 2 o'clock P. M. H. H. DeARMOND. County Judge. J..S. INNES, GEO. G. SEDGWICK, County Commissioners. Bend. Oregon, Sept. 28, 1927. The County Court of Deschutes County met this day pursuant to adjournment, all members being present, whereupon the following proceedings were had, to-wit: In the Matter of Claim for Daniages of J. W. Merrifield. Mr. Merrifield. together with his attorney, Geo. H. Brewster and Jay H. Upton, appeared before the County Court and made a claim for damages against the County for leged to have been suffered by Mr. $5000.00 for personal injuries alMerrifield on May 23, 1927. as result of being hit by a rock thrown out by a discharge of a blast in connection with the building of the Kirk-Whitted Market Road. The Court ordered an investigation to be made of the matter for the pur- pose of further consideration. in the Matter of Cancellation of General Fund Warrant No. 30135 for $60.00, dated Sept. 9, 1927. WHEREAS, it appears that the above warrant was issued on an or roneous statement nied with the County Court, said claim having been previously paid. Therefore, it is hereby ORDERED that the above lescribed warrant be and the same is hereby cancelled, and the Clerk and Treasurer of Deschutes County, Oregon, are hereby directed to make the necessary notation upon their record. In the Matter bf the Cencellation of certain Warrants. WHEREAS, heretofore the County ordered that if the following warrants were not presented for payment at or after 60 days from the first day of July, 1927, the same would be cancelled and that due publication of said order was made in the Bend Bulletin in Its issue of June 3. 1927; and WHEREAS, It appears that none of said warrants have been presented for payment, it is therefore hereby ORDERED that said warrants, to-wit: No. 4396, Dec. 26, 1918, C. H. Miller 44.00 5429, June 27, 1919, Marion J. Hoskins 12.40 6480, Jan. 10, 1920, Chicago Peneuamtic Tool Co. 3370.05 6681, Feb. 17, 1920, Central Oregon Irrigation Co. 67.50 6683, Feb. 17, 1920, J. B. Elliott 4.50 6687, Apr. 7. 1920, Chinook Land Co. 200.00 6892, Apr. 7. 1920, J. 4. Foss 250.00 6899. Apr. 7, 1920, Sheridan Sroufe 32.00 6900, Apr. 7, 1920, James Gabriel Reeves 18.00 6901, Apr. 7. 1920, M. F. Miller 50.00 6902. Apr. 7, 1920, Anna Underwood, 5.00 6903, Apr. 7, 1920, G. H. Harriett 25.00 6904, Apr. 7. 1920, David L. Haworth 14.00 6905, Apr. 7. 1920, A. J. Baker 8.50 6906, Apr. 7, 1920, C. R. Strong 2.00 6908, Apr. 7, 1920, John McFadden 115.00 6909. Apr. 7, 1920, Oscar Morris 32.00 6911, Apr. 7, 1920, Elizabeth Goodwin 16.00 6912, Apr. 7. 1920, Bertha S. Simonson 18.00 6914, Apr. 7, 1920, Edward H. Perry 75.00 7156, May 8, 1920. Geo. L. Roberts 87.75 7183, May 8, 1920, Standard Oil Co. 2720 7200, May 8, 1920, Standard on Co. 36.25 7204, May 8, 1920, Standard Oil Co. 29.00 7205, May 8, 1920, Standard Oil Co. 3.68 7218, May 8, 1920, Pilot Butte Inn 18.90 1286, May 14, 1920, John W, Price, 17.00 7377, May 29, 1920, W. F. Arnold 6.00 7416, May 39, 1920. Victoria Shults, 3.00 be and the same are hereby cancelled, and the County Clerk and County Treasurer are directed to make the necessary record of such cancellation. There being no further business to come before the Court, the Court then adjourned to Thursday, the 29th day of September, 1927. H. H. DeARMOND, County Judge. J. S. INNES, GEO. G. SEDGWICK, County Commissioners.

6. November 2, 1927 The Bulletin Bend, OR
Article from The Bulletin, November 2, 1927

Click image to open full size in new tab

Article Text

BANK RECEIVER IN NEW OFFICES Schilling Moves to Oregon Avenue Office of the receiver of the First National bank was today transacting business in its new location. in that part of the bank building which housed the bookkeeping department of the First National. Entrance to the receiver's office is on Oregon avenue next to that of the court house.

7. November 3, 1927 The Bulletin Bend, OR
Article from The Bulletin, November 3, 1927

Click image to open full size in new tab

Article Text

Named Consul DERED that the County Treasurer forthw h file with the Reof the First National Bank of Band a claim for the entire amount on deposit in said bank by the County as the time of the bank's suspension, and that he orrange with said Receiver to realize the full value for the ben. efit of the County of all collateral held by the Treasure: or other county officials. It is further ORDERED that when the County Treasurer then make and file said claim under the conditions above mentioned. that he be relieved from Hability for any deficiency that might 10crue to the County by reason of the Receiver's failure to pay GO per cent dividends on a basis of In the Matter of the appoint. ment of Road Viewers of Metolius Market Road The Court having heretofore made and entered resolution establishing the Metollus Market Road. it is now necessary that viewers be appointed to determine and fix the damages accruIng to any person or persons by reason of the location and estabishing of said road. E therefore. hereby ORDERED that H. E. Alten and Silvis be, and they are hereby, appointed to act with Robert B. Gould, County Englneer. as a Board of Viewers for said road. It is further ORDERED that said Viewers report their findings to the Court on Monday, Novemher 31, or within ten days thereafter. In the Matter of Claims Against the County The following bill was audited and allowed. and warrant ordered drawn for the same: General Fund Agnes Hyde $20.00 in the Matter of Issuing Deed to Henry Linster acquired the to Lot 1, Block 9. Aubrey Heights. under and by virtue of a tax sale: and the affidav's of Henry Limiter presented to the County Court that the said Henry Linster was at the time of said sale the yee ord owner of said desq: hed prem. Ises, and desires to pay up the deem said premises; and WHEREAS. ΠΈ appears that the and costs for the year 1920 amount to $4.31. and that said Honry Linster is entitled to Pe deam said property under the laws of the State of Oregon. " ORDERED that the County Judge and County mm/astonera Ired to execute and deliver unto convey nk to him mid premises upon the payment to the County of the sum of $4.31. There being no further busithe Court adjourned

8. November 3, 1927 The Bulletin Bend, OR
Article from The Bulletin, November 3, 1927

Click image to open full size in new tab

Article Text

County Court Proceedings October 24, 1927. The County Court of Deschutes County met this day pursuant to edjournment. all members being present. and there being no busi. ness, the Court adjourned until Thursday, October 27. at 2 m Bend. Oregon. October 27. 1927. The County Count of Deschutes County met this day pursuant to adjournment, all members being present. whereupon the following In the Matter of Moneys By longing to Deschutes County on Deposit in the First National Band of Bend at the time of its suspension on April 20, 1927 WHEREAS. It appears that et the time of the suspension of the First National Bank of Bend on April 20. 1927. the County Treasurer of Deschutes County had on deposit in said bank the sum of $126,551.20. $36,365 96 of which was in the General Fund and $90,185.24 of which was in the Special Market Road Fund: and WHEREAS. it appears the the said County Treasurer held collateral as protection for said fund in the sum of $40,000.25 consisting of surely bonds. County, irrigation district and other warrants, which. together with the accumulated interest. have an approximate value of $45,000. 00: and WHEREAS, M further appearing that the County held other collaterals in the hands of the Sheriff and of certain school disor a total of $55,000.00. TO further appearing that the co.laberal held by he County was

9. December 17, 1927 The Bulletin Bend, OR
Article from The Bulletin, December 17, 1927

Click image to open full size in new tab

Article Text

to Stay Week Nights Virtually all places of business Bend will remain open evenings Thursday. Friday and of next according to mation from the Bend Chamber The stores will serve Saturday and pay night hours. staying open until accommodate Christmas pers. Both local mills have set their days for Dec. but pay the day the mills pay may be changed to Thursday. is expected that the First National bank receiver will schedule day" early next week. distributing the 20 per cent dividend.

10. December 22, 1927 The Bend Bulletin Bend, OR
Article from The Bend Bulletin, December 22, 1927

Click image to open full size in new tab

Article Text

Stores to Stay Virtually all places of business Bend will remain open evenings Thursday. Friday and Saturday next week, according to information from the Bend Chamber Commerce. The stores will Saturday and pay night hours, staying open until o'clock accommodate Christmas pers. Both local mills have set their pay days for Dec. but the pay day of one of the mills be changed to Thursday. Also, expected that the First National bank receiver schedule "pay early next week, distributing the 20 per dividend.

11. December 22, 1927 The Bend Bulletin Bend, OR
Article from The Bend Bulletin, December 22, 1927

Click image to open full size in new tab

Article Text

DIVIDEND OF BANK DRAWS MANY IN BEND Line Forms Early At Paying INVOLVED Distribution of Big Sum Moves Rapidly, Checks Ready At Window Santa Claus stood behind the barred window In the paying fice of the First National bank trust Tuesday and handed out checks, the rate of two and three minute, to and women who moved forward in ending line. So the individual the window surprisingly like George assistant Receiver Schilling, but the jority it was plain that he other than Santa Claus. With assistant, Mrs. Dessel Eslick. he had passed out 362 dend checks the First Nationreceivership up to noon, greater activity was that afternoon. Distribution Is Rapid was the first day the first dividend made possible by the and creditors realizing per cent of the amount owed them. all, $200.to be distributed among 2500 persons, and claims tinued to be presented as rapidly and in excellent form characterized most of those presented the morning, apparent that the greater part of the dividend would be disbursed by the end of week. gathering front of the Lumbermen's National bank. in the of which the pay-off was being made, o'clock, and one half hour later when the bank doors 65 were line. At first they gathered rapidly than checks could be given and there were line. Few remained outdoors the frozen but doubled back and forth in the bank lobby the form an exaggerated letter After payment being made faster than creditors could arrive. and by noon there were only six in line. Some Claims Delayed First to present her claim was Mrs. Fred Albany avenue. Under the rules the receiver's office the amount of her dividend could be disclosed. learned. however, that payments to be made run from few cents to few thousand dollars. Not all of the creditors were included the 2500 who checks under the present dividend, however. There were several hundred who had failed to perfect and file their claims within the time limit set the receiver. Largest of these claims was that county for filed only few days The dividend on this amount would have been Claims of this class must wait until some time in 1928, when another distribution can be made include the tardy total of 809 checks had been given out when the paying office closed o'clock Tuesday aftermoon, Schilling announced. Payments were resumed Wednesday morning at 10

12. February 1, 1928 The Bulletin Bend, OR
Article from The Bulletin, February 1, 1928

Click image to open full size in new tab

Article Text

Complaint Cites visions of Report ITEMS ARE QUOTED Summons On ErickYear Figures Are Basis of Attack Joe H. Haner. Deschutes county clerk, has filed suit for damages against Erickson, certified public accountant in charge of the audit of Deschutes county records for the year 1927, It revealed late yesterday when summons was served upon Erickson. The suit based upon the audit for the first six months of the year. filed on August and 10. 1927. Jay H. Upton is representing Haner in the action and Hamilton is acting for Erickson. Declaring that Erickson's port was "falsely and maliciously prepared,' the complaint cites 10 paragraphs of the report as the basis the suit. The first item cited follows: Says Statements Wrong records of the county and accounting procedure followed do not permit of ascertaining liabilities prior to approval by the councourt and the report submitted therefore restricted to that extent. It was also found that number of items properly approvby the county court had not been entered on the records and could not be located in the county files. This matter has been referred to the county court for their attention." This statement and each of the others cited declared to be false in the complaint. The second item quoted is follows: cash in the hands of the county clerk was not counted in view of his objections, and the foregoing amount has therefore been up as receivable due from him. Prior to the completion of the andit the county clerk remitted the county treasurer the above amount excepting the of which the county clerk states was the April receipts on deposit in the First Nabank, Bend, Oregon, at the time the bank suspended business April 1927. This amount the clerk states he will remit the county treasurer when he receives his dividends from the receiver in charge of the bank's any difference to be made up the county clerk at that Given Court The third statement cited in the complaint is follows: the inception of the audit work was learned from the county clerk that he did not possess detail of the unpaid warrants of December 31. The fourth: "This situation was submitted to the county court for their consideration, an inspection of the situation disclosing that it would involve considerable cost to secure the necessary figures. "Following the instructions of the court to proceed with this work. preliminary figures were obtained to the outstanding warrants, disclosing large tion as to total outstanding based the prior audit report. and It was deemed necessary to hold second conference with the councourt to thoroughly consider

13. February 2, 1928 The Bend Bulletin Bend, OR
Article from The Bend Bulletin, February 2, 1928

Click image to open full size in new tab

Article Text

Choose Name Complaint Cites Judges For New Bend Store visions of Report Title Submitted by sons Finally Selected Slogan Also Picked Hundred People Take Part In Lakin Contest Midstate Co. the name chosen for the local store recently purchased by Lakin. Three persons suggested this name and the $20 merchandise offered for the winner prize increased to $30 and divided equally among the three by Those suggesting the winning were Pierce, 1030 name Newport avenue: E. Pitman. 1625 East Third street, and Clarence C. Olsen, Deschutes forranger located at Crescent. "Home of Better Hardware" the slogan picked by the It was suggested by Murel Long of Bend. A merchandise prize of was offered for the best slogan. Actual count of the names and slogans submitted showed that 278 pertook Some of these entered several suggestions, bring ing the total to between 300 and 400. Some of the names and slogans were put in the form of One of these was submitted by Mrs. H. Jeffries and the name "We" to the gave store while the slogan suggested was "Spirit of Service" and printed on an airplane. Among frequently among the peared suggestions Central Oregon in Central Hardware Co., Cascade, Deschutes and Deschutes Valley Hardware Pilot Butte and Mountain View and Three Sisters Hardware Co. Among the unusual names found among the suggestions were Spanish, K. K., Three Links, Imperial, Meadowlark and Iron Mongers' Shop. Minni-Wall and Brick Wall Hardware Co. were names suggested apparently in recognization of the location of the store at the of Wall and Minnecorner sota streets. ITEMS ARE QUOTED Summons On ErickYear Figures Are Basis of Attack Joe Haner, Deschutes county clerk, has filed suit for $10,000 damages against R. Erickson. certified public accountani in charge of the audit of Deschutes county records for the year 1927. was revealed late Tuesday when summons was served upon Erickson. The suit based upon the audit for the first six months of the year. filed on August and 10, 1927. Jay H. Upton is representing Haner in the action and Hamilton is acting for Erickson. Declaring that Erickson's report was "falsely and maliciously prepared,' the complaint cites 10 paragraphs of the report as the basis of the suit. The first item cited is follows: Says Statements Wrong records of the county and accounting procedure followed do not permit of ascertaining liabilities prior to approval by the councourt and the report submitted therefore restricted to that extent. was also found that number of items properly approvby the county court had not been entered on the records and could not be located in the county files. This matter has been ferred to the county court for their attention." This statement and each the others cited is declared to be false the complaint The second item quoted is follows: cash in the hands of the county clerk was not counted in view of his objections, and the foregoing amount has therefore been set up as receivable due from him. Prior to the completion of the audit the county clerk remitted to the county treasurer excepting the the above amount of $474.75 which the county sum clerk states was the April receipts deposit in the First Nabank, Bend. Oregon, time the bank suspended business 1927. This amount the April 20. clerk states he will remit to the county treasurer when receives his dividends from the receiver in charge of the bank's affairs, difference to be made up by the county clerk that Given to Court The third statement cited in the is as follows: complaint the inception of the audit learned from the work was county clerk that he did not posdetail of the unpaid warrants of December 31, 1926." The fourth: situation was submitted to the county court for their conof the sideration, an inspection disclosing that would situation considerable cost to. involve cure the necessary figures. "Following the instructions of the court to proceed with this figures were work, preliminary obtained to the outstanding warrants, disclosing large variation as to total outstanding based on the prior audit report, and deemed necessary hold second conference with the counthoroughly consider court to

14. March 30, 1928 The Oregonian Portland, OR
Article from The Oregonian, March 30, 1928

Click image to open full size in new tab

Article Text

BANK RECEIVER SUED Insurance Firm Asks Return of Sum Paid in Bend Deal. Suit was filed in the federal district court here yesterday by the Independence Indemnity company, corporation, against the First National bank of Bend, and Schilling as receiver of that institution. bank was closed because of its insolvent condition on April 1927. The seeks to which was for to pay to the treasurer of Deschutes having been surety for a

15. March 30, 1928 The Oregon Daily Journal Portland, OR
Article from The Oregon Daily Journal, March 30, 1928

Click image to open full size in new tab

Article Text

Indemnity Company Sues Bank Receiver In a suit in federal court Thursday, the Independence Indemnity company of Pennsylvania asks $20,285 from H. F. Schilling, receiver for the First National bank of Bend, as the amount alleged to have been paid in indemnity to the Deschutes county treasurer for county money deposited in the bank when it became insolvent. A restraining order to prevent payment of any dividends from the assets of the defunct bank until the indemnity company's claim is disposed of is asked in the action. Now the operators in beauty shops are called "beauticians. Can we now also call barbers "barbarians?"

16. June 14, 1928 The Oregonian Portland, OR
Article from The Oregonian, June 14, 1928

Click image to open full size in new tab

Article Text

RECEIVER SUES Note of C. V. Silvis for Issue in Federal Court Case. Suit brought by H. F. Schilling. receiver of First National bank of Bend, collect note for $1433 due from went soon trial before in the court of Federal Judge Bean. according to the comsigned March 1927. and due June 30, 1927, and remains In defense it is contended that the shares the BendJuniper Products company which defendant purchased upon recommendation of Hudson, den. president of and presiof the defunct bank. These that it is contended. were

17. October 16, 1930 The Bend Bulletin Bend, OR
Article from The Bend Bulletin, October 16, 1930

Click image to open full size in new tab

Article Text

County Seen As ble Purchaser study the First National building by the structure quately the offices probably made the not distant future, learned here Monday However, before such posed architectural survey undertaken, conference First National bank members county court probably held for the pose definitely ascertaining the needs the county The have study the First National bank building attempt interest the county the Schilling, the Schilling, been learned, gaged Hugh Bend archimake this Thomptaken the under Reports indithat remain sanitarium for time and the receiver, Ball, to have the work Consequently, lieved that plans have other architects complete the work be carried Scan Possibilities The architectural study building not mean First National bank receiver plans remodel renovate attempt structure county results study used primarily for the purpose county visualthe supposed that the architects touch the office requirements of the then, blue prints, arrange the quarters accordingly.

18. October 23, 1930 The Bend Bulletin Bend, OR
Article from The Bend Bulletin, October 23, 1930

Click image to open full size in new tab

Article Text

No Yet Over Bank Building No negotiations are pending tween the Deschutes county court the receiver the First bank for the purchase of the bank building for court house, certained present, receiver getting things shape for the making court an offer, it has been learned. The intentions the court remain formerly stated: court does plan do anything without first an advisory purchasthe First National then considered by mittee and the court, indicated.

19. February 27, 1931 The Bulletin Bend, OR

Article Text

HALL Receiver in Redmond in to Work Here H. H. Hall, First National bank receiver, appointed ceiver the First National bank Redmond and has been for several days getting matters shape call for the filing claims. However, stressed, that call not made for some time yet and there be formal publication county papers. To make possible for office expedite the work, Hall equests depositors Interfere until the preliminary business cleared By attempting at present, the depositors no way jeopardizing themselves, Reduce Overhead large number of must be to the bank which transit when closed. have also and will have to his books. Just soon inary claims will cared Hall will continue to handle the liquidation assets of First National bank of Bend. The head. explained, will be greatly reduced having one receiver handle the two banks. Hall's appointment receiver of the Redmond bank was effective February

20. March 11, 1932 The Bulletin Bend, OR

Article Text

Receiver Will Pay Dividend Here Monday, March 14 Beginning March the National bank proximating $40,000, announced today. This fourth dividend will to four cent and not final The from Hall, ceiver, follows: comptroller of the reney view present conditions, authorized the fourth dividend four all creditors First National bank of Bend whose claims have been "Beginning March 1932. the the court house building in will be reopened for riod order distribute vicinity. will paid presentation the certificate of proof claim the owner owners which there any for payment considered during the first three days the

21. March 14, 1932 The Bulletin Bend, OR

Article Text

PAYMENT STARTED ON BANK DIVIDEND Receiver Has Big Crowd Today This was payday for hundreds of Deschutes county patthe defunct First National bank of Bend line their shares the being distributed four dividend payment from office H receiver, in bank building. Checks are be tributed 2790 Deschutes county will through the payment this dividend. Payment the four cent diviper dend started this morning o'clock, when the receiver's Oregon street, the First National bank temporreopened. The entire week from No dividends being paid proof During the first three days payment, claims on which irregularity exists considered Additional clerks have been hired distribute dividend been suggested that claimants not the during first days. anticipated that checks paid out hour ordered the payment of this fourth dividend spite the fact that reach final idend the trust time during the The reason for this payment desire the money will be more needed than later the when the final will made During the receiver's Redmond and Prineville will closed. No the trusts will be sidered that to the payment the creditthe First National bank Bend.