First National Bank - Baldwin Park, CA

Bank Information

Episode Type: Suspension → Closure
Bank Type: national
Bank ID: 10685
Charter Number: 10685
Start Date: October 19, 1931
Location: Baldwin Park, California (34.085, -117.961)

Metadata

Model: gpt-5-mini
Short Digest: 111d4b41

Response Measures

None

Receivership Details

Depositor recovery rate: 42.0%
Date receivership started: 1931-10-22
Date receivership terminated: 1938-04-23
Share of assets assessed as good: 51.1%
Share of assets assessed as doubtful: 32.8%
Share of assets assessed as worthless: 16.1%

Description

Article (Los Angeles Times, 1931-10-28) states the First National Bank of Baldwin Park closed its doors on the 19th inst. and the Comptroller appointed F. W. Heathcote as receiver to liquidate the bank. No mention of a depositor run prior to closure.

Events (4)

1. January 20, 1915 Chartered

Source: historical_nic

2. October 19, 1931 Suspension

Cause: Government Action
Cause Details: Closed and placed in liquidation by order of the Comptroller of the Currency; receiver appointed.
Newspaper Excerpt: F. W. Heathcote has been appointed by the comptroller of the currency as for the First National Bank of Baldwin Park, which closed its doors on the 19th inst.
Source: newspapers

3. October 22, 1931 Receivership

Source: historical_nic

4. October 28, 1931 Receivership

Newspaper Excerpt: F. W. Heathcote has been appointed by the comptroller of the currency as for the First National Bank of Baldwin Park. which closed its doors on the 19th inst. Mr. Heathcote will liquidate this bank simultaneously with the other bank receiverships in his hands.
Source: newspapers

Newspaper Articles (1)

1. October 28, 1931 The Los Angeles Times Los Angeles, CA

Article from The Los Angeles Times, October 28, 1931

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Article Text

HEATHCOTE NAMED BANK RECEIVER F. W. Heathcote has been appointed by the comptroller of the currency as for the First National Bank of Baldwin Park. which closed its doors on the 19th inst. Mr. Heathcote will liquidate this bank simultaneously with the other bank receiverships in his hands.