First National Bank - Modesto, CA

Bank Information

Episode Type: Suspension → Closure
Bank Type: national
Bank ID: 11853
Charter Number: 11853
Start Date: March 4, 1927
Location: Modesto, California (37.639, -120.997)

Metadata

Model: gpt-5-mini
Short Digest: 467e86f98ccc2041

Response Measures

None

Description

Article (The Record, 1927-03-04) refers to the 'defunct First National Bank of Modesto' and discusses litigation involving the bank's receiver. No run or temporary suspension is described; the bank is already closed and in receivership. OCR errors in the article text (garbled sentences) were corrected where obvious.

Events (3)

1. October 15, 1920 Chartered

Source: historical_nic

2. March 4, 1927 Receivership

Newspaper Excerpt: defunct First National Bank of Modesto ... efforts to collect $2500 on Riverbank note ... the 'missing president' ... the bank ... used only the paper assets of the bank.
Source: newspapers

3. September 20, 1927 Voluntary Liquidation

Source: historical_nic

Newspaper Articles (1)

1. March 4, 1927 The Record Stockton, CA

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Article Text

BANK RECEIVER LOSES IN COURT OVER OLD NOTE MODESTO OFFICE STOCKTON of the defunct First National Bank of lost decision before jury in Judge Fulkerth's court yesterday his efforts collect $2500 on Riverbank note by Steele, turned to Flack, missing president the bank, as an LaBree contended that the note Steele the accomthe Riverbank canin which Flack the strength the according to LaBre's plea, Flack credited money the cannery account and therefore the consideration credit given the canfor the full amount the note, and result thereby, Steele testified that he gave the to Flack on his that used only the "paper assets" of the bank. and as sult there was no Steele further testified that It was the the collected efforts made to the sume. or He Attorney Thomas B. Scott of this city.