First National Bank - Woodlake, CA

Bank Information

Episode Type: Suspension → Closure
Bank Type: national
Bank ID: 10309
Charter Number: 10309
Start Date: November 28, 1932
Location: Woodlake, California (36.414, -119.099)

Metadata

Model: gpt-5-mini
Short Digest: 35555ae5

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

Bank was closed by board vote to liquidate (voluntary liquidation) on Nov 28, 1932; Comptroller appointed a receiver the same day. No run reported in the articles. Later receiver authorized to sell bonds during liquidation (Feb 1933).

Events (5)

1. January 9, 1913 Chartered

Source: historical_nic

2. 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

3. November 28, 1932 Suspension

Cause: Voluntary Liquidation
Cause Details: Board of directors voted to liquidate the bank's business and closed the bank; depositors to be paid 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

4. December 2, 1932 Receivership

Source: historical_nic

5. February 27, 1933 Other

Newspaper Excerpt: Superior Judge Frank Lamberson ... 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.
Source: newspapers

Newspaper Articles (4)

1. November 28, 1932 Colusa Sun-Herald Colusa, CA

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.

2. November 29, 1932 Tulare Advance-Register Tulare, CA

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.

3. December 3, 1932 The Fresno Bee Fresno, CA

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

4. February 27, 1933 Porterville Recorder Porterville, CA

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.