American Security Bank (Vancouver, WA)

Episode Information

Episode UID
98003871552
Episode Type
Suspension → Closure
Bank Type
state
Bank ID
9800387 routing
Routing Number
98-0038
Start Date
April 18, 1929
Location
Vancouver, Washington (45.639, -122.661)

Metadata

Model
gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
4b6981d5728d5af3

Response Measures

None

Description

Articles state state bank supervisor took the bank for liquidation; withdrawals cited as difficulty.

Events (2)
1. April 18, 1929 Receivership
Newspaper Excerpt
The bank has been taken by the state bank supervisor for liquidation.
Source
newspapers
2. April 18, 1929 Suspension
Cause
Government Action
Cause Details
Taken over by the state bank supervisor and closed for liquidation after inability to maintain required cash reserve and withdrawals/lack of deposits.
Newspaper Excerpt
Inability to keep the cash reserve to the figure required by law, today, caused the closing of the American Security Bank here. The bank has been taken over by the state bank supervisor for liquidation.
Source
newspapers

Newspaper Articles (4)
1. April 18, 1929 Astoria Evening Budget Astoria, OR
Article from Astoria Evening Budget, April 18, 1929

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Article Text

VANCOUVER BANK CLOSES VANCOUVER, Wash., April 18. keep the cash to required by to the figure reserve closing of today caused the law the American Security bank here. The bank has been taken by the state bank supervisor for quidation. The bank, state incapitalized stitution, $50,000.

2. April 18, 1929 The Daily Olympian Olympia, WA
Article from The Daily Olympian, April 18, 1929

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Article Text

VANCOUVER, Wash., April 18.—(UP)—Inability to keep the cash reserve to the figure required by law, today, caused the closing of the American Security Bank here. The bank has been taken over by the state bank supervisor for liquidation. The bank was closed following an all-night session attended by officers and board of directors, H. H. Hansen, deputy state bank supervisor and S. Z. Barnes, state bank examiner.

3. April 18, 1929 The Daily Olympian Olympia, WA
Article from The Daily Olympian, April 18, 1929

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Article Text

VANCOUVER, Wash., April 18.—(LP)—Inability to keep the cash reserve to the figure required by law, today, caused the closing of the American Security Bank here. The bank has been taken over by the state bank supervisor for liquidation. The bank was closed following an all-night session attended by officers and board of directors, H. H. Hansen, deputy state bank supervisor and S. Z. Barnes, state bank examiner. Barnes is conducting an examination of the institution's books. Neither he nor Hansen would make a statement. The bank, a state institution, was capitalized at $50,000. Withdrawals and lack of current deposits were given as the difficulty encountered by the bank. Dr. C. B. Alexander, president, was to make a statement late today, pertaining to the closing of the bank, it was announced. An attempt was made to keep the bank on its feet, it was believed, when A. A. Carlson, ex-bank examiner for the region, purchased the interest of James G. Raley and assumed the position of executive vice president.

4. April 18, 1929 The Bulletin Bend, OR
Article from The Bulletin, April 18, 1929

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Article Text

BANK CLOSED Vancouver, Wash., Apr. to keep the cash serve to the figure required by law, today caused the closing of the American Security bank here. The bank had been taken by the state bank supervisor for quidation. The bank was closed following an all night session tended by officers and board of directors, H. H. Hansen, deputy bank supervisor, and Barnes, state bank examiner.