1192. First National Bank (Tranquillity, CA)

Bank Information

Episode Type
Suspension → Closure
Bank Type
national
Bank ID
11433
Charter Number
11433
Start Date
February 1, 1930*
Location
Tranquillity, California (36.649, -120.253)

Metadata

Model
gpt-5-mini
Short Digest
846b231a

Response Measures

None

Receivership Details

Depositor recovery rate
93.0%
Date receivership started
1930-02-27
Date receivership terminated
1936-10-29
OCC cause of failure
Governance
Share of assets assessed as good
54.1%
Share of assets assessed as doubtful
26.9%
Share of assets assessed as worthless
19.0%

Description

The bank was closed in February 1930 and a federal receiver (Newhall, later Hilliard) was appointed by the comptroller. No run is described in the articles; subsequent 1931 item discusses dividend payments by the bankrupt First National Bank, confirming permanent closure/receivership. OCR errors in Article 1 (missing words) corrected when extracting the receiver appointment and closure details.

Events (5)

1. August 22, 1919 Chartered
Source
historical_nic
2. February 1, 1930* Suspension
Cause
Bank Specific Adverse Info
Cause Details
Examiner said reported overdraft did not appear on the bank's books; examination prompted closure and appointment of receiver.
Newspaper Excerpt
First National Bank of Tranquillity, California, was closed by order of its board of directors... Newhall named bank receiver
Source
newspapers
3. February 27, 1930 Receivership
Source
historical_nic
4. February 28, 1930 Receivership
Newspaper Excerpt
Newhall named bank receiver at Tranquillity... was announced by the office of the comptroller of the currency. Price, National Bank Examiner, will have charge of the bank since it failed to open for business yesterday.
Source
newspapers
5. September 1, 1931 Other
Newspaper Excerpt
Tranquillity Depositors To Get Dividend... Checks covering third dividend 20 per cent depositors of the bankrupt First National Bank Tranquillity will ... Friday. The aggregate $41,000... brings total dividends paid to date to 70 per cent.
Source
newspapers

Newspaper Articles (3)

Article from The Fresno Bee, February 28, 1930

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Article Text

NEWHALL NAMED BANK RECEIVER AT TRANQUILLITY Examiner Says Reported Overdraft Not Shown On Books By ROY G. GOODWIN (Fresno Staff Correspondent) WASHINGTON Feb. First National Bank of Tranquillity, Califormia, was closed by order of its board of directors, effective This the statement made the office of the comptroller currency The office clined comment further upon the cause the action at the Charles K. Newhall, by the comptrol of also the United States National Bank Dinuba which closed its doors in 1927 TALKED Feb. That tentative plans the First National Bank of were being but that definite been done the far the statement to-day National Bank Examiner Price, have charge the bank since falled to open for business yesterday. Price said his examination of the records the bank had not yet the reason the collapse the institution. an rumored street talk as the of the bank's failure did not appear on the bank's books. Any plan for reorganization and the bank Price said, would require the approvof the before it could be put into effect


Article from The Fresno Bee, September 1, 1931

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Article Text

Tranquillity Depositors To Get Dividend Checks covering third dividend 20 per cent depositors of the bankrupt First National Bank Tranquillity will from bank's office TranFriday ag. gregates $41,000. The bring the total amount dividends paid date to 70 according bank charge closed doors February with total deposits


Article from The Fresno Bee, September 26, 1931

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Article Text

Hilliard Appointed Fresno Bank Receiver Appointment of H. P Hilliard of Merced as receiver for the First National Bank in Fresno, succeed ing H. F. who recently was named receiver of the defunct Los Angeles was announced in Washington by federal comptroller of the curHilliard also will act as receiver for the First National Bank of Tranquillity and the First National Bank of Terra