787. Bank of Esparto (Esparto, CA)

Bank Information

Episode Type
Suspension → Closure
Bank Type
state
Start Date
January 20, 1933
Location
Esparto, California (38.692, -122.017)

Metadata

Model
gpt-5-mini
Short Digest
6d1ca945

Response Measures

None

Description

State department of banks took over the Bank of Esparto on Jan 20, 1933 and placed it in liquidation/receivership. Articles describe liquidation, receiver activity and stockholder assessments; no contemporaneous run is reported.

Events (3)

1. January 20, 1933 Receivership
Newspaper Excerpt
A. Q Robison, special deputy bank superintendent, now in Yolo county, took charge. ... Edward Rainey, state superintendent of banks, took charge of liquidating assets of the institution.
Source
newspapers
2. January 20, 1933 Suspension
Cause
Government Action
Cause Details
State department of banks took over the institution after 'frozen assets' and shrinkage of deposits; officials called in state banking department to take over affairs.
Newspaper Excerpt
The state department of banks Wednesday took over the Bank of Esparto, at Esparto.
Source
newspapers
3. August 18, 1933 Other
Newspaper Excerpt
According to Bank Receiver R. D. Fry Jr. all but 8½ shares of the Bank of Esparto stockholders assessment for liquidation has been paid. There were 277 shares of a par value of $100.
Source
newspapers

Newspaper Articles (4)

Article from Davis Enterprise, January 20, 1933

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Article Text

Bank of Esparto Closes Its Doors The state department of banks Wednesday took over the Bank of Esparto, at Esparto. Frozen assets, and shrinkage of deposits prompted officials of the county institution to call in the state banking department to take over the affairs of the bank. A. Q Robison, special deputy bank superintendent, now in Yolo county, took charge. The bank was founded in Esparto on April 26. 1913. M. O. Wyatt has been president. Officers and direct ors are John L. Stephens, vice president F. W Nissen. cashier: J. E. Winters, J. W. Neilson. C. S. Mast and F. M. Wyatt. Edward Rainey, state superintendent of banks, took charge of liquidating assets of the institution.


Article from Davis Enterprise, June 23, 1933

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Article Text

Banks Depositors Christian Scientists Stop Contributions Propositions Bitterly State Bank Receiver Finds Diversion of Gasoline In Twenty Months Raise $4,- Tax Sum of $12,695.35 Without 000,000 to Build New Was Defeated by to in Claimants Publishing House November There is total sum $12,deposit in Yolo County's three closed banks for which claims for the funds have been filed. D. Fry, receiver for the state banking department, reports. Fry says that the depositors will not lose the money, however, and that the amounts are small. In the Bank of Esparto there are 104 claimed commercial and accounts in the ings department. The Bank of Yolo and its branch at Davis have 351 unclaimed commercial and 834 savings accounts. The state banking representative believes that many depositors doubt have forgotten the counts, due to the fact that many the accounts are for only few dollars. Fry stated that the ber of unclaimed in Yolo county low compared to other Attempts to the Bank Yolo and those charge believe that definite of their plans will be forthcoming week. Representatives of the stockholders and depositors have been working in harmony and when the plan is presented to the depositors at large will be up to them to decide if liquidation plans are to Notified to stop contributions after July no more money needed for the $4,000,000 fund besome 20 months ago to pay for their new publishing house in Boston, local Christian Scientists, in common with Christian Scientists all the world, preparing the end of the present month close their accounts in this connection Announcement that the necessary money had been completely subscribed and practically paid in was made meeting The Mother Church of this in Boston in connection other of progress" made in the reports of the various departments. The clerk of the church reported extensive relief work following major disasters many parts of the world. The department of branches and told of new branch churches and societies established in far off sections of the globe. The in Brookline, Mass., and the other in much progress, including the making of arrangements admisison to the is to be easier than The board of lectureship reported more than 3,000 lectures given total attendance persons. Honorable Augustus Norwood, manager of committees on publication, called attention to the improved understanding which he said the public gaining of Mary BakEddy the discoverer and foundof Christian Science, as denced by her election by popular vote during the past year to place among the twelve greatest women leaders of the last century. In regard to the completion of the publishing house the following statement was made: "The new publishing house will be fully occupied this fall and ready welling up in the hearts of employees in Boston because of the wonderful generosity Scientists everywho have made possible this new home. ing said Charles E. Heitman, president of the Christian Science (Continued on Page 5) In unmistakable terms, Frederick H. Meyer of San Francisco, chairman of the Highway Protective Committee, denounced the proposed diversion of more than $17,000,000 of state gasoline funds provided in Propositions and 10, appearing on the ballot at the special election June 27. "The industrial, agricultural and tourist development of California,' he said, "will be greatly retarded unless the voters defeat Propositions and 10. These measures seek to authorize the legislature to take $17,229,076 of highway funds and turn the sum over to the general fund of the state. To do so would to tamper with orderly development of the public road system of California. "In defeating Proposition No. the ballot last November by vote more than California motorists served notice that they will not tolerate such tampering with the state's high program. No. which proposed to divert $480,000 annually from the highway funds to non-road purposes initial effort to raid highway funds and the overwhelming vote against should be conclusive evidence that the electors of the state were and are convinced that false economy is not economy. "The proposed transfer of gasoline funds will not reduce the cost of government one cent. But will many times their value in damage to the highway program and consequently to the best interests of motorists. will throw out of ployment for one year men. Permanent new construction means reduced maintenance costs, lower perating costs, shorter time of travel, shorter routs, better grades and curves. By an orderly procedure, California is getting its roads built out earnings from those who use the roads: gladly pay the gasoline tax for highway work. Those having the interest of the state at heart should hesitate before becoming party to the threatened disintegration of this most successful of public enterprises. "Vote 'NO' on Propositions and 10 on June 27. Keep the gas tax funds for the people and their highways."


Article from Winters Express, August 18, 1933

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Article Text

I See By The Express T. J. King of Rumsey was a bu ness visitor in town Wednesday. Mr. and Mrs. C. E. Emery spent Sunday at Stockton. Roe Judy and sons of Espart) were visitors in town Tuesday afternoon. Henry Bower and Donald Grenier are new additions to the Vasey Bros. clerking staff. George Rattenbury of Sacramento was greeting friends in town Wed nesday. Mrs. Viola Haven has returned home following a second series of treatments at Sutter hospital. Miss Ora Woods is assisting in the Grass Valley postoffice while the postmaster is vacationing. Miss Verna Rice has returned home from a week's outing at Lake Tahoe. George Chapman has accepted a position in the E. J. Graf Ford Garage. The L. I. Gale family left for Berkeley after spending the summer at their ranch here. Mr. and Mrs. R. B. Bigelow and Miss Rae Dobyns spent the week end in Siskiyou county. Mr. and Mrs. S. W. Jopes were Willows visitors Monday. They spent Sunday in San Francisco. Mr. and Mrs. C. E. Wyatt left Sunday morning for a two weeks' vacation which will be spent in San Francisco. Miss Irene Murray accompanied her brother, Charles Murray and family of Oakland on a vacation trip to Tahoe. Mrs. George Gifford took her daughter Treva to Woodland Clinic Wednesday for removal of her tonsils. Steve Searcy returned to his home in Oakland Thursday after a two months' visit with his uncles, the Boyd Bros. Mrs. Stewart Pruden and children of San Jose spent the week end with her mother, Mrs. Lizzie Kramer. Wm. Winter and family of Oakland were week end guests at the G. D. Cooper home. George Vest returned home with them following a vacation visit with his grandparents. Mrs. Alice Rice visited Sunday at the home of Miss Florence Veall in Oakland. Ray Murray is making his way around on crutches these days, having had the misfortune to receive an injury to his foot while unloading a bill of lumber A heavy timber rolled on his foot. Mrs. Lucy Berg and daughter Miss Lieselotte, left Tuesday for Borkeley where Miss Lieselotte has enrolled at the University of Callfornia. They will reside in Berkeley while school is in session. According to Bank Receiver R. D. Fry Jr. all but 8½ shares of the Bank of Esparto stockholders assessment for liquidation has been paid. There were 277 sharez of a par value of $100. Miss Margaret Wolfskill returned home from the bay region last week end after a pleasant visit with relatives and friends. She enjoyed a brief visit with Miss Jean Caldwell who is comfortably located in San Francisco where she is a student at the teachers' college. Mrs. Ada Neely, son Arthur Neely and wife visited over the week end with the Charles Bowers. Mrs. Neely is a cousin of Mrs. Bower. Arthur Neely is manager of the college magazine of the U. S. C. of Los Angeles and has been since his graduation several years ago. Miss Sarah Thurber, daughter of Mr. and Mrs. Rufus Thuruber. left Tuesday for Berkeley to re-enroll at U. C. this coming semester. She is among the honor students appointed to assist faculty advisors in orientating freshmen during their first two weeks of college. Miss Thurber also is active in Little Theatre work on the campus. Almond buyer activity seems to indicate a more lively interest in this crop this season than last. No prices have been offered as yet but buyers are expecting to be able to quote prices in a few days. The Capay almond pool has called for bids to be submitted on next Thursday. the 24th. Almond harvest began with the Nonparells here this week. A good crowd attended the dance which was given at Recreation Beach Saturday night by the baseball teams of Allendale. Lynn and Left did their stuff in good style (to be expected). The Haywire Orchestra was in rare form and the dancers in a happy mood; so the dance continued until 3 a. m. and still some wanted to dance. The J. R. Ruggles family spent the week end at Santa Rosa. Miss De Neuf of Petaluma is a guest at the Ray Baker home. Miss Gwendolyn Brayden is home after spending the summer in Berkeley. Mr. and Mrs. R. E. Campbell and daughter, Miss Virginia, are vacationing for two weeks at Burney Falls, Shasta county. Charles McDonald and family returned home Saturday from a two weeks' motor trip which took them FOR SALE-A-1 horses, four to six years old Weight 12 to 16 hundred pounds. Halter broke. T. J. King. Rumsey. LOST, near white For Terrier, black and white head, extra long hair, old dog; answers name Pup. $10 Reward. Telephone 213-R. Woodland. Jewel Darneille, Service Station 8-18-2tp. FOR SALE Team of horses, weight about 3000 lbs., McCormick mowing machine, 3 garden cultivators, one orchard cultivator, one hillside plow and one level plow, spring harrow. Tony Rubio, Winters. Melvin Dalbey and family of Oakland and Clyde Dalbey and family of Watsonville visited this week at he home of their parents, the H. C. Dalbeys. Phillip Bacciarini, who resides between Dixon and Winters passed away at Vacaville General Hospital. Last rites were held at Dixon the Trst of the week. George Kephart and wife of Sacramento and Sam Kephart why is now at Calistoga visited at the home of their parents. the J. A. Kepharts, Sunday. Misses Juanita Thompson and Gertrude Chadwick returned from the bay region the first of the week, the latter having gone to see about entering a hospital as a student nurse. Anna May Roseberry, daughter of Mr. and Mrs. G. H. Roseberry (nee Marjorle Hickman), of Winters was taken to the county hospital this week following five weeks' treatment at the Woodland Clinic for third degree burns. Mrs. Robert Barretto has returned from San Francisco after spending several days with her husband who is ill in a bay city hospital. He underwent one operation and is under observator pending a second operation. Mr. Barretto conducts a store at Allendale, Arthur C. Huntley Jr. and famBy and his sister. Miss Isabel Huntley came over from Point Arena to visit at the Mrs. C. Reasoner home. The Huntleys are leaving soon for Macdoel where Mr. Huntley will resume his duties as instructor at the Dorris high school. The Presbyterian Church gave a farewell party Monday evening at Red Bud Park to Mrs. Lucy Berg and daughter, Miss Lottle who left the next day for Berkeley. They accompanied Mr. and Mrs. A. W. Oakes and Miss Madelaine Taylor of Esparto the latter remaining in the by city to reside with the Bergs. Light automobile engine oil is the best lubricant for vacuum cleaners. Harold Coleman has returned from a trip to Placer county. Weaver and Norman Gaddini left Tuesday for an outing at Klamath. Mrs. Shirley Davis of Los Angeles is a guest at the Mrs. Sally Ish home. Miss Lillian Riter of Sacramento was a week end visitor with her parents, the C. Riters. Mr. and Mrs. Malcolm Davisson of Berkeley were week end guests of Mrs. Fred W. Wilson. Little Frank Martin Jr. who has been seriously III in San Francisco is reported to be slowly improving. Mrs. L. A. Islip and Junior went to Lodi Wednesday to visit at the Harry Islip home. Mr. and Mrs. H. M. Ball are enjoying a motor trip over the Redwood Highway this week. Mrs. George Fredericks is spendIng a few days in San Jose with relatives. Wayne Ireland. Bill Fredericks and Relv Trimble are planning to enroll for work at the Davis Ag. college. Mr. and Mrs. J. R. Johnston and the Charles A. Elliott family returned Wednesday from Stinson Beach where they have been vacationing. Miss Virginia Sparks returned home this week from Zephyr Cove, Nevada, where she had been vacationing the past month. Martin Edwards is in Berkeley this week, spending much of his time at the opening exercises at U. C. Rollin Taylor who cut the middle finger of his left hand on a buzz saw last week had to have the member amputated at the first joint this week. Miss Claribel Snodgrass will leave soon to resume her work at Los Angeles following a two weeks' visit at the home of her father, W. D. Snodgrass. Mark Sparks enjoyed a brief visit with his folks the first of the week. He was on his way to San Francisco following two months spent at Happy Camp. Postmaster Charles Graf motored to Redwood City Saturday returning the following day with his wife and children who had been visiting relatives there. The L. W. Deacy family will leave Saturday for Lake Tahoe to spend the week end with their son, Ray Deacy who is stationed at Emerald Bay at the C. C. C. camp. Wayne Holt came up from Garden Grove last week end. His wife and children who have been visiting some time at the George Barnes home accompanied him on a vacation camping trip. The D. Walters family, L. A. Islip and family and Miss. Evelyn Vasey enjoyed a Sunday motor trip to Tahoe where they spent the day with Bernard Walters who is stationed at the C. C. C. camp there. Misses Jean Brinck, Nancy Griffin and Lottie Berg and Herbert Crouch and Alan Wehrman were among last year's graduates who enrolled as freshmen at U. C. Galen Geller and Miss Virginia Reid. Junior college graduates are continuing their studies at Berkeley. Others who will re-enroll at U. C. are Misses Alice and Gwendolyn Dexter. Sarah Thurber and Marcia Sanders.


Article from Woodland Daily Democrat, September 27, 1933

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Article Text

Bank Receiver Here Declines To Seek Loan R. Fry. receiver in charge Bank of Yolo and the Bank Esparto, both in liquidation, Wednesday declared that no effort being made here to secure federal loan with which to pay dividend. Such loan being sought by the receivers of the California Trust and Savings Bank in Sacramento, and ficulties have been encountered because of the large amount of data quired by the federal making every effort said, conserve much assets of the bank possible. federal loan would mean large sum of money spent for title insurance, not to mention payment of interest the loan. While this would mean large dividend at the present time, would mean that the total amount paid to the depositors would great deal less than will be under the present plan, because of the creased costs that would be involved. Fry expects declare dividend from 20 percent within the next 30 days six weeks The dend being held up pending the Federal Land Bank taking of the loans now existing. If the loans delayed, will able to declare dividend approximately 12 percent with funds hand, stated. However, he hopes able to include the larger dividend as eliminate clerical and mailcosts as much