748. First National Bank (Kingsburg, CA)

Bank Information

Episode Type
Suspension โ†’ Closure
Bank Type
national
Bank ID
8409
Charter Number
8409
Start Date
January 1, 1929*
Location
Kingsburg, California (36.514, -119.554)

Metadata

Model
gpt-5-mini
Short Digest
5687ff7df6ca1ecd

Response Measures

None

Receivership Details

Depositor recovery rate
52.0%
Date receivership started
1926-11-09
Date receivership terminated
1931-03-31
OCC cause of failure
Governance
Share of assets assessed as good
40.8%
Share of assets assessed as doubtful
37.8%
Share of assets assessed as worthless
21.4%

Description

Articles describe the First National Bank of Kingsburg as having closed its doors about two years before Jan 1931, a receiver was appointed (Mar 8, 1930), and final payments to depositors were made in Jan 1931. No run is described. Sequence is a suspension followed by permanent closure/receivership.

Events (5)

1. October 18, 1906 Chartered
Source
historical_nic
2. November 9, 1926 Receivership
Source
historical_nic
3. January 1, 1929* Suspension
Cause Details
Article states the bank closed its doors about two years ago (no cause given in the articles).
Newspaper Excerpt
the First National Bank, which closed its doors here about two years ago.
Source
newspapers
4. March 8, 1930 Receivership
Newspaper Excerpt
Newhall Appointment As Bank Receiver Filed ... Newhall for First National Bank of Kingsburg.
Source
newspapers
5. January 8, 1931 Other
Newspaper Excerpt
A large number of residents ... received the final payment to them as depositors of the First National Bank, which closed its doors here about two years ago. ... C. K. Newhall of Dinuba, receiver for the closed institution, made the payments
Source
newspapers

Newspaper Articles (3)

Article from The Fresno Bee, March 8, 1930

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Article Text

Newhall Appointment As Bank Receiver Filed An order appointing Charles for the First tional Bank of closed filed for the United States Department in the office of the counrecorder here to-day. Newhall for First National Bank of Kingsburg.


Article from The Kingsburg Recorder, January 8, 1931

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Article Text

National Bank Depositors Paid A large number of residents of Kingsburg and the surrounding community on Tuesday received the final payment to them as depositors of the First National Bank, which closed its doors here about two years ago. Payments will continue through Saturday. The final payment was about seven cents on the dollar and brought total payments to 52 per cent of the deposits. The amount thus distributed to people of this community amounted to $20,000. C. K. Newhall of Dinuba, receiver for the closed institution. made the payments at the Kingsburg Bank, starting at 10 a. m. To any one who did know what was going on, the presence of such a large number of persons in the bank at one time could have meant most anything from an accident to a "run on the bank."


Article from The Fresno Bee, January 9, 1931

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Article Text

Final Payment Made By Bank Receiver KINGSBURG (Fresno Co.). Jan 9.-A large number of residents of Kingsburg and the surrounding community this week received the final payment to them as depositors of the National Bank. which closed its doors "here about two years ago, Payments will continue through Saturday. The final payment was about cents on the dollar and brought total to 52 per cent of the deposits. The thus distributed to of this community amounted to $20,000. YOUTH ACCIDENTALLY SHOT HANFORD (Kings Co.) -George 18, who lives on ranch four miles southeast of Hanford, accidentally shot himself through the left hand yesterday afternoon in front of store on North Irwin Street. The youth had just emerged from the store, where he had purchased box of 22-caliber long cartridges for his rifle. As he en. tered an automobile parked at the curb he loaded the rifle and, in holding the gun in an investe position. he accidentally touched the trigger, causing the bullet to penetrate his hand. was taken to the office of Dr. W. Johnstone, where his wound was dressed. The injury was merely flesh wound. as the bullet had strangely failed to shatter any bone.