Mason Valley Bank - Yerington, NV

Bank Information

Episode Type: Suspension → Closure
Bank Type: state
Start Date: February 17, 1932
Location: Yerington, Nevada (38.986, -119.163)

Metadata

Model: gpt-5-mini
Short Digest: 7336a248

Response Measures

None

Description

Article (Reno Gazette-Journal, 1932-02-17) reports the Lyon County Bank at Yerington was taken over by the state bank examiner and closed because of agricultural non-liquidity, limits on borrowing, and withdrawals of public deposit sureties. No explicit depositor run is described; the examiner took possession, indicating government action suspension and effective closure. Mason Valley Bank (neighbor) is discussed separately.

Events (1)

1. February 17, 1932 Suspension

Cause: Government Action
Cause Details: State bank examiner took the bank into custody due to agricultural non-liquidity, legal borrowing limits, and withdrawal of sureties on public deposits leading to closing by examiner; action by state examiner rather than depositor run.
Newspaper Excerpt: The affairs of the Lyon County Bank Mason Valley taken over both of Yerington... taken to the hands of the state bank examiner... closed.
Source: newspapers

Newspaper Articles (1)

1. February 17, 1932 Reno Gazette-Journal Reno, NV

Article from Reno Gazette-Journal, February 17, 1932

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Article Text

YERINGTON BANKS TAKEN OVER BY EXAMINER The affairs of the Lyon County Bank Mason Valley taken over both of Yerington. state this morning by and the institutions bank Seaborn issued the following closed. statement last night the "About midnight board of directors the Lyon County voted to their institution Bank place hands of the state bank exin the made necessary by aminer. This common to all agriconditions cultural aggravated steady non-liquidity assets, legal limitations on borrowings and withdrawal of sureties from public deposits. action was closely followed "This part of the similar action the Mason Valboard of Bank protection ley against anticipated its results of the closing of its neighbor and of County Bank had deposits February 10. 1932. total to be $437,060 in loans including in bonds. The capital and undisurplus The bank. of vided which Wilson the organized 1905 Bank had deThe Mason Valley posits on February 10. 1932 of $327.Its shows its loans to 755.37 report and bonds on hand. The capital is surundivided profits plus bank organized 1911. O. Stickney the president. Bank Seaborn Though the issued clined to by him this the Mason Valley Bank that reopened within short time. may be