First National Bank - Ventura, CA

Bank Information

Episode Type: Suspension → Closure
Bank Type: national
Bank ID: 7210
Charter Number: 7210
Start Date: June 9, 1931
Location: Ventura, California (34.273, -119.257)

Metadata

Model: gpt-5-mini
Short Digest: 9a762cdc

Response Measures

None

Description

Legal notice dated June 9, 1931 states 'THE FIRST NATIONAL BANK OF VENTURA ... is closing its affairs' and requests creditors present claims — indicates voluntary winding up/closure rather than a depositor run or government seizure. No article text describes a run or reopening.

Events (3)

1. April 13, 1904 Chartered

Source: historical_nic

2. June 9, 1931 Suspension

Cause: Voluntary Liquidation
Cause Details: Bank issued a notice that it is 'closing its affairs' and calling for creditors to present claims, indicating voluntary winding up/liquidation rather than suspension for liquidity issues or government action.
Newspaper Excerpt: THE FIRST NATIONAL BANK OF VENTURA, located at Ventura, in the State of California, is closing its affairs. All noteholders and other creditors are hereby notified to present the notes and other claims against the association for payment. JOSEPH M. ARGABRITE, President.
Source: newspapers

3. June 9, 1931 Voluntary Liquidation

Source: historical_nic

Newspaper Articles (1)

1. September 11, 1931 The Ventura Weekly Post and Democrat Ventura, CA

Article from The Ventura Weekly Post and Democrat, September 11, 1931

Click image to open full size in new tab

Article Text

Legal Notices THE FIRST NATIONAL BANK OF VENTURA, located at Ventura, in the State of California, is closing its affairs. All noteholders and other creditors are hereby notified to present the notes and other claims against the association for payment. JOSEPH M. ARGABRITE, President. Dated: June 9, 1931. "It's none of your business," the man answered and swore a string of colorful oaths. "It's my business to the tune of forty some dollars," Jim answered. "You're caught. You had better come clean.' "Go ahead," Thomas Andrews told Jim. "I forgot that you are an attorney. You take the case." He made a gesture of relinquishing it all. "Fire ahead." "What made you pick out this particular house Jim asked. "I told you it was none of your business "You might as well talk. You're going up the road, but you might shorten your term by giving us what we want "Squealing" Well, why don't you hurry up your police? I'm keep still." "Suit yourself," Jim answered. "We'll find the others. And we'll get your record. You're not going to have much to do with the spacious skies of the land of the free for awhile. Get that!" The man's eyes, shifty and greedy, wavered a second. Then he spoke. "Well, if you want to know, a dame in this room put us up to it. Now take that home to sleep on!" NEXT: More complications. (Copyright, 1931, NEA Service, Inc.)