Modoc County Bank - Alturas, CA

Bank Information

Episode Type: Suspension → Closure
Bank Type: state
Start Date: July 31, 1912
Location: Alturas, California (41.487, -120.542)

Metadata

Model: gpt-5-mini
Short Digest: 70c52cbf

Response Measures

None

Description

Single article (Carson City Daily Appeal, 1912-07-31) reports Modoc County Bank suspended and is in hands of the State Banking Commission of California. No mention of a depositor run or reopening; suspension appears to be government action/receivership.

Events (1)

1. July 31, 1912 Suspension

Cause: Government Action
Cause Details: Bank suspended operations and was placed in the hands of the State Banking Commission of California.
Newspaper Excerpt: The Modoc County Bank of Alturas has suspended operations and is in the hands of the State Banking Commission of California.
Source: newspapers

Newspaper Articles (1)

1. July 31, 1912 Carson City Daily Appeal Carson City, NV

Article from Carson City Daily Appeal, July 31, 1912

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Article Text

BANK SUSPENDS The Modoc County Bank of Alturas has suspended operations and is in the hands of the State Banking Commission of California. The bank was capitalized for $50,000 and had about $30,000 in deposits. It is believed that it will be able to meet all obligations. This bank was a family affair. being controlled by MarzLauer and family..