Sacramento Valley Bank (Biggs, CA)

Episode Information

Episode UID
1156418491491
Episode Type
Suspension → Reopening
Bank Type
state
Bank ID
115641849 hash
Start Date
March 13, 1924
Location
Biggs, California (39.412, -121.713)

Metadata

Model
gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
8282bbfb06db889b

Response Measures

None

Events (3)
1. March 13, 1924 Suspension
Cause
Government Action
Cause Details
Closed and affairs placed in hands of J. F. Johnson, state bank examiner for purpose of reorganizing the banks
Newspaper Excerpt
The Sacramento Valley Bank at Biggs ... closed their doors at noon today and their affairs have been placed in the hands of J. F. Johnson, state bank examiner
Source
newspapers
2. April 26, 1924 Other
Newspaper Excerpt
The petition recites that the estate has $745.08 on deposit in the Sacramento Valley Bank of Biggs, that recently suspended.
Source
newspapers
3. May 16, 1925 Other
Newspaper Excerpt
The bank Biggs closed its doors about year the time ... Later reorganized, with Walter M. Smith, of Oroville, president.
Source
newspapers

Newspaper Articles (5)
1. March 14, 1924 The San Bernardino County Sun San Bernardino, CA
Article from The San Bernardino County Sun, March 14, 1924

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Article Text

Sacramento Valley Bank at Biggs Closes Doors (By Associated Press) CHICO, Calif., March 13.—The Sacramento Valley Bank at Biggs, and a branch bank at Butte City in Glenn County, closed their doors at noon today and their affairs have been placed in the hands of J. F. Johnson, state bank examiner, it was announced here today by W. H. Harlan, cashier. In a statement following the closing of the two institutions Harlan declared that the action was for the purpose of reorganizing the banks in order to place them on a basis more satisfactory to the banking department. The officers of the Sacramento Valley Bank are A. W. Beed, president; W. W. Harlan, cashier, and B. F. Lucas, assistant cashier..

2. March 14, 1924 The Sacramento Union Sacramento, CA
Article from The Sacramento Union, March 14, 1924

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Article Text

Valley Banks Close; To Be Reorganized By The Associated Press CHICO, March 13.—The Sacramento Valley Bank at Biggs and a branch bank at Butte City in Glenn county closed their doors at noon today, and their affairs have been placed in the hands of J. F. Johnson, state bank examiner, it was said by James H. Harlan, cashier. In a statement Harlan declared that the action was for the purpose of reorganizing the banks to place them on a basis more satisfactory to the banking department. The officers of the Sacramento Valley Bank are: A. W. Beed, president; W. H. Harlan, cashier, and B. F. Lucas, assistant cashier.

3. April 26, 1924 Oroville Daily Register Oroville, CA
Article from Oroville Daily Register, April 26, 1924

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Article Text

FUNDS OF ESTATE IN BANK AT BIGGS A petition for the distribution of the estate of Fredrich Mindermann was filed yesterday. The petition recites that the estate has $745.08 on deposit in the Sacramento Valley Bank of Biggs, that recently suspended. The administrator, John H. Minderman, asks, however, that he be not charged with the amount and the court declare that he has used due diligence in handling the money of the estate. In support of this he states that the account originally in the bank at Biggs was $9500 and that the amount was reduced to less than $500 but that certain sums of money were deposited there by debtors of the estate to the account of the administrator shortly before the bank suspended. The final account shows receipts of $21,000.12, and disbursements of $3,398.17, leaving a balance to be distributed of $17,601.95. The heirs are nephews and nieces of the decedent. Guy R. Kennedy is attorney for the estate.

4. April 26, 1924 The Chico Enterprise Chico, CA
Article from The Chico Enterprise, April 26, 1924

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Article Text

Funds of Estate In Bank of Biggs A petition for the distribution of the estate of Frederick Mindermann was filed in the superior court in Oroville yesterday. The petition recites that the estate has $745.08 on deposit in the Sacramento Valley Bank of Biggs, that recently suspended. The administrator, John H. Minderman, asks, however that he be not charged with the amount and the court declare that he has used due diligence in handling the money of the estate. In support of this he states that the account originally in the bank at Biggs was $9500 and that the amount was reduced to less than $500 but that certain sums of money were deposited there by debtors of the estate to the account of the administrator shortly before the bank suspended. The final account shows receipts of $21,000.12, and disbursements of $3,398.17, leaving a balance to be distributed of $17,601.95. The heirs are nephews and nieces of the decedent. Guy R. Kennedy is attorney for the estate.

5. May 16, 1925 The San Francisco Examiner San Francisco, CA
Article from The San Francisco Examiner, May 16, 1925

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Article Text

Charged with accounts the Sacramento Valley Bank Biggs, Butte County, where he was formerly amount Benja Wednesday 2801 College avenue, Berkeley. He Oroville yesterday by Sheriff Anderson. The arrest Lucas came surprise his the man himself. He had lived in about year making effort to hide The for his arrest sworn Smith president the bank. He charges that experts on the books discovered false entry said been made Lucas amounting others being investigated. total amount alleged he would not be known for time. At the of arrest Lucas would statement Berkeley police Sheriff and the home yesterday, Mrs. Lucas refused discuss her husband's affairs. Bail was fixed $10,000. The bank Biggs closed its doors about year the time, said its difficulties due excessive made lands of high rice prices. Later ganized, with Walter M. Smith, of Oroville, president.