Valley Bank - Fresno, CA

Bank Information

Episode Type: Run Only
Bank Type: state
Start Date: August 27, 1926
Location: Fresno, California (36.748, -119.772)

Metadata

Model: gpt-5-mini
Short Digest: ccf979f5

Response Measures

None

Other: Article recounts a political speech (Aug 27, 1926) by W. Mitchell alleging that political opponents and rival banks sought to 'bring run the Valley bank' and describing takeover litigation. No explicit run, suspension, reopening, or receivership is reported; mostly accusations of attempted run and takeover.

Description

Article (1926-08-27) reports accusations by former Valley Bank president that other banks and officials sought to provoke a run on the bank. The text implies an attempted or actual run but mentions no suspension, receivership, or reopening. Bank type not stated in article; left as unknown.

Events (1)

1. August 27, 1926 Run

Cause: Local Banks
Cause Details: Allegation that rival banks (Trust & Savings, Bank of Italy) and certain officials sought to bring about a run on Valley Bank to weaken it and force a takeover.
Newspaper Excerpt: RUN ON BANK SOUGHT
Source: newspapers

Newspaper Articles (1)

1. August 27, 1926 The Fresno Morning Republican Fresno, CA

Article from The Fresno Morning Republican, August 27, 1926

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Article Text

MITCHELL HITS POLITICAL FOES IN ADDRESS TO 3500 Candidate For Governor Tells What He Says Is Inside Story Of Valley Bank Deal; District Attorney Lovejoy Flayed "We Lieutenant Governor Young condemn the of Governor Richardson and hear Governor Richardson in attacks Young. They have known each other as officials for four years, what say must true." Thus did W. Mitchell of candidate for the Republican nomination for governor and former president the Valley bank, open campaign address here last night before an estimated crowd of 3,500 persons Courthouse park. The what to be the inside the attack Young and against whom campaigning nomination. He criticized their talk by charging sions", originated by Hiram Johnson, Young and tinued were responsible for heavy state expense. "But here to hear about the Valley said Mitchell the crowd. many whom, following the meeting, pulled him from the him. of their funds and there basebrought help this fraud,' banks with taking the property, but they branded their officers was after the Valley bank that there was found that was that was the suit was brought annul the takeover. compel the banks return the stockholders' property RAPS DISTRICT ATTORNEY Mitchell this point began attack aaginst District Attorney George R. saying: "Have heard district attorney raise his voice in the matters charged the Francisco suit five three them felonies? smoke screen kept from seeing. "There were other matters of crookedness shown him. There was the banking superintendent Then there was the Wrightwood when John Franklin Johnson, the banking suborrowed from bank finance He charged that "all the district attorney was railroad me prison, else, in order in San Franwould blackened." there vicious than who would the taxinnocheat people their he asked. there worse criminal? said, that he was not boosting candidate for district He charged that false suits were filed against and that other steps were funds. He asserted the Trust Savings the Bank Italy were behind the move Mitchell said that the two banks control the present administration and that supporting both Young Richardson. bets on candidates win if either "RUN ON BANK SOUGHT" The former by John Franklin Johnson, state tendent banks, bring run the Valley bank that condition would be weakened and its forced. He charged he was indicted by "packed grand told series of eight indictments would brought against me, but not believe woke when saw that Cobb and Austin, both of the banks, were the grand They should have told other members the truth but they did "After the banking had been one indictment number of counts could have been (Continued on Page Col.