1048. First National Bank (Woodlake, CA)

Bank Information

Episode Type
Suspension โ†’ Closure
Bank Type
national
Bank ID
10309
Charter Number
10309
Start Date
November 26, 1932
Location
Woodlake, California (36.414, -119.099)

Metadata

Model
gpt-5-mini
Short Digest
6982c673c0928ac2

Response Measures

None

Receivership Details

Depositor recovery rate
100.0%
Date receivership started
1932-12-02
Date receivership terminated
1937-12-22
Share of assets assessed as good
65.8%
Share of assets assessed as doubtful
21.2%
Share of assets assessed as worthless
13.0%

Description

Board of directors voted to liquidate and closed the bank (Nov 26, 1932 per paper). Comptroller appointed a receiver (Nov 28, 1932). Depositors were to be paid in full. No mention of a depositor run; closure was voluntary liquidation leading to receivership and liquidation.

Events (7)

1. January 9, 1913 Chartered
Source
historical_nic
2. November 26, 1932 Suspension
Cause
Voluntary Liquidation
Cause Details
Board of directors voted to liquidate the bank's business; bank closed by directors and will pay depositors in full.
Newspaper Excerpt
The First National Bank of Woodlake was closed Saturday after its board of directors voted to liquidate the bank's business.
Source
newspapers
3. November 28, 1932 Receivership
Newspaper Excerpt
C. A. Donohue today was appointed receiver for the First National Bank, Woodlake, Calif., by the comptroller of the currency.
Source
newspapers
4. December 2, 1932 Receivership
Source
historical_nic
5. December 3, 1932 Receivership
Newspaper Excerpt
Henry P. Hilliard ... receiver for the First National Bank of Woodlake ... now in charge of the liquidation of the affairs of bankrupt banks, receiver for the First National Bank of Woodlake.
Source
newspapers
6. February 27, 1933 Other
Newspaper Excerpt
Superior Judge Frank Lamberson ... signed an order authorizing Henry P. Hilliand ... receiver of the First Bank of Woodlake, to sell bonds with total par value of $43,000. The bonds will be sold in connection with the liquidation of the bank which was closed several weeks ago.
Source
newspapers
7. February 2, 1934 Other
Newspaper Excerpt
The fixtures of the Woodlake National Bank have been moved to the Woodlake Hardware Company where ... H. Hilliard, the bank receiver, will maintain offices.
Source
newspapers

Newspaper Articles (5)

Article from Colusa Sun-Herald, November 28, 1932

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Article Text

WOODLAKE BANK IS CLOSED BY BOARD WOODLAKE Nov. 28 (UP)The First National Bank of Woodlake was closed Saturday after its board of directors voted to liquidate the bank's business. All depositors, it was said, will be paid the full amounts of their deposits, totalling $100,000.


Article from Tulare Advance-Register, November 29, 1932

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Article Text

Woodlake Bank Receiver Named WASHINGTON, Nov. 28. (UP) -C. A. Donohue today was appointed receiver for the First National Bank, Woodlake, Calif., by the comptroller of the currency.


Article from The Fresno Bee, December 3, 1932

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Article Text

Man Held On U.S. Charge Said To Be Hilliard Named Former Fresnan Receiver F Paul former Woodlake Bank An ement funds and trustee at Los arrested yesterday in indictment alleging more $10,000 failure in at press arraigned December Bank Henry P. Hilliard of fed bank now in charge the liquidation of the affairs of bankrupt banks, receiver for the First National Bank of Woodlake Hilliard said he would Woodlake Monday the affairs of He said no statement he studied Mrs R the the of the Woodlake bank deposi will not


Article from Porterville Recorder, February 27, 1933

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Article Text

WOODLAKE BANK RECEIVER AUTHORIZED TO SELL $43,000 BONDS VISALIA Feb. Superior Judge Frank Lamberson rday signed an order authorizing Henry P. Hilliand of Fresno. receiver of the First Bank of Woodlake. to sell bonds with total par value of $43 000. The bonds will be sold in connection with the liquidation of the bank which was closed several weeks ago.


Article from The Fresno Bee, February 2, 1934

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Article Text

REGAINED APPETITE AND WEIGHT WITH KELLOGG'S ALL-BRAN Cereal Relieved His Constipation If you are a sufferer from headaches, loss of appetite and energy sleeplessness, or any other of the frequent effects of constipation, read this enthusiastic letter from Mr. McIntyre: "For long time my system was not in very good working order. But since eating Kellogg's ALLBRAN, have regained my appetite and lost weight. And my system my in good working order. Kellogg's ALL-BRAN sure does the trick. Mr. J. A. McIntyre, 160 Ruscomb St., Philadelphia, Pa. Tests show Kellogg's ALL-BRAN provides the "bulk" needed to relieve ordinary constipation. It also contains vitamin B and iron for the blood. LETTUCE, Solid You'll enjoy this delicious and 10c Heads, FOR healthful ready-to-eat cereal. Serve it with milk or cream-or use often in cooking. CAULIFLOWER, Just eat two tablespoonfuls daily. 5c Chronic cases, with each meal. If Snowball, each not relieved this way, see your doctor. The fixtures of the Kellogg's ALL-BRAN is all bran SPINACH, Garden closed have National been moved Bank to the with necessary flavoring added Grown, It of the Woodlake Hardware contains much more needed 5c Company where Mrs. E. Wing, than products. 2 lbs. to H. Hilliard, the bank Made by Kellogg in Battle Creek. receiver, will maintain offices.