Walnut Park Bank - Walnut Park, CA

Bank Information

Episode Type: Suspension → Closure
Bank Type: state
Start Date: August 17, 1932
Location: Walnut Park, California (33.968, -118.225)

Metadata

Model: gpt-5-mini
Short Digest: 9af32014

Response Measures

None

Description

Article (LA Times, 1932-08-17) states the Walnut Park Bank is in receivership and the receiver is preparing to pay dividends from liquidation funds and an RFC loan. No article text describes a prior depositor run; the bank is being liquidated under a receiver, so classified as suspension leading to closure. Bank type inferred as state bank (no 'National' or 'Trust' in name).

Events (1)

1. August 17, 1932 Receivership

Newspaper Excerpt: Heathcote, receiver for the Walnut Park Bank, has obtained to pay dividend depositors and other creditors...the dividend is being from funds acquired by the receiver in the ordinary course of liquidation, supplemented by loan from the Reconstruction Finance Corporation.
Source: newspapers

Newspaper Articles (1)

1. August 17, 1932 The Los Angeles Times Los Angeles, CA

Article from The Los Angeles Times, August 17, 1932

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Article Text

Bank Receiver Dividend Due Heathcote, receiver for the Walnut Park Bank, has obtained to pay dividend depositors and other creditors proven claims, the dividend amounting 22 per The dividend is being from funds acquired by the receiver the ordinary course of liquidation, supplemented by loan from the Reconstruction Finance CorporaDividend checks will be livered on receipt of receiver's certificates, was stated.