Fresno National Bank

Bank Information

Episode Type: Run → Suspension → Closure
Bank Type: national
Bank ID: 3870
Charter Number: 3870
Start Date: July 7, 1930
Location: Fresno, California (36.748, -119.772)

Metadata

Model: gpt-5-mini
Short Digest: 68fd726a

Response Measures

Full suspension

Other: Bank closed voluntarily after quiet run; possible asset sale to other banks mentioned.

Description

Article (Appeal-Democrat, 1930-07-08) reports heavy withdrawals/quiet run tied to rumors about the bank's connection to the collapse of the Hollywood Dry corporation; the bank closed its doors voluntarily the prior day and assets were expected to be bought by other banks. Closure appears permanent. OCR errors in the text corrected (e.g., phrasing and sentence breaks).

Events (4)

1. April 20, 1888 Chartered

Source: historical_nic

2. January 10, 1917 Voluntary Liquidation

Source: historical_nic

3. July 7, 1930 Run

Cause: Rumor Or Misinformation
Cause Details: Rumors about the bank's ties/claims against the recently collapsed Hollywood Dry Corporation and association of a bank official (Williams) prompted withdrawals.
Measures: None reported besides heightened withdrawals; bank subsequently closed its doors voluntarily.
Newspaper Excerpt: the rumors that many finally led the quiet run the and finally to its closing.
Source: newspapers

4. July 7, 1930 Suspension

Cause: Rumor Or Misinformation
Cause Details: Voluntary closure following the run triggered by rumors about connections to Hollywood Dry Corporation; assets expected to be bought by other banks in the city/state (per article).
Newspaper Excerpt: The bank closed its doors voluntarily yesterday after withdrawals of deposits ... closed its doors volunTarily yesterday
Source: newspapers

Newspaper Articles (1)

1. July 8, 1930 Appeal-Democrat Marysville, CA

Article from Appeal-Democrat, July 8, 1930

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Article Text

July the or depositors Bank Fresno probably National 100 cents for will receive had deposited, although they stockholders suffer. may concensus toThat appeared the and others close to day of officials institution's affairs the today. closed its doors volunThe bank morning after tarily yesterday withdrawals of deposits last chairman of the Chandler, bank's board of directors, statement that the thority for the in sound condition and bank was been probable that many appeared bank's assets would the more of the other bought by banks here, the three operating National Bank of the Bank of Italy and Angeles, the Bank America of Chandler understood to trace the bank's closing to recent collapse of the Hollywood Dry poration. One the organizers the beverage company Williams, president of the bank. Chandler president of the bevfirm large stockholder erage The bank had only claim against Dry but Williams' affiliation company, with was recognized the the rumors that many finally led the quiet run the and finally to its closing.