Sacramento Valley Bank

Bank Information

Episode Type: Suspension → Reopening
Bank Type: state
Start Date: May 1, 1924*
Location: Biggs, California (39.412, -121.713)

Metadata

Model: gpt-5-mini
Short Digest: 1dceec1e

Response Measures

None

Description

Article (SF Examiner, 1925-05-16) states the Sacramento Valley Bank at Biggs closed its doors about a year earlier due to difficulties tied to land values/high rice prices and was later reorganized with Walter M. Smith as president. No run is mentioned; the bank had suspended/closed and subsequently reorganized (reopened). OCR errors in the article were corrected (names and phrasing).

Events (3)

1. May 1, 1924* Suspension

Cause: Local Shock
Cause Details: Difficulties attributed to declines in land values and high rice prices hurting the bank's assets/loans.
Newspaper Excerpt: The bank Biggs closed its doors about year the time, said its difficulties due excessive made lands of high rice prices.
Source: newspapers

2. * Other

Newspaper Excerpt: Later reorganized, with Walter M. Smith, of Oroville, president.
Source: newspapers

3. * Reopening

Newspaper Excerpt: Later reorganized, with Walter M. Smith, of Oroville, president.
Source: newspapers

Newspaper Articles (1)

1. May 16, 1925 The San Francisco Examiner San Francisco, CA

Article from The San Francisco Examiner, May 16, 1925

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Article Text

Charged with accounts the Sacramento Valley Bank Biggs, Butte County, where he was formerly amount Benja Wednesday 2801 College avenue, Berkeley. He Oroville yesterday by Sheriff Anderson. The arrest Lucas came surprise his the man himself. He had lived in about year making effort to hide The for his arrest sworn Smith president the bank. He charges that experts on the books discovered false entry said been made Lucas amounting others being investigated. total amount alleged he would not be known for time. At the of arrest Lucas would statement Berkeley police Sheriff and the home yesterday, Mrs. Lucas refused discuss her husband's affairs. Bail was fixed $10,000. The bank Biggs closed its doors about year the time, said its difficulties due excessive made lands of high rice prices. Later ganized, with Walter M. Smith, of Oroville, president.