804. First Bank (Hermosa Beach, CA)

Bank Information

Episode Type
Suspension → Closure
Bank Type
state
Start Date
January 5, 1933
Location
Hermosa Beach, California (33.862, -118.400)

Metadata

Model
gpt-5-mini
Short Digest
4179959d

Response Measures

None

Description

Articles (Jan and Oct 1933) describe the First Bank of Hermosa Beach in liquidation and open for filing claims under a receiver. There is no description of a depositor run on this specific bank in the provided texts. The bank is in receivership/liquidation (permanent closure). The exact date of suspension/closing is not given; Jan 5, 1933 article reports the receiver's office opening for filing claims.

Events (3)
1. January 5, 1933 Receivership
Newspaper Excerpt
Continuing to use the quarters 1237 Hermosa avenue as the receiver's office, the First Bank of Hermosa Beach, in liquidation, opened this morning for filing claims. E. Bowerman, Jr., in charge of the liquidation of the First Bank ... opened this morning for filing claims.
Source
newspapers
2. January 5, 1933 Suspension
Cause
Voluntary Liquidation
Cause Details
Bank is in liquidation and a receiver is handling claims; closure appears to be a liquidation/receiver process rather than a temporary suspension to stem a run.
Newspaper Excerpt
Continuing to use the quarters 1237 Hermosa avenue as the receiver's office, the First Bank of Hermosa Beach, in liquidation, opened this morning for filing claims.
Source
newspapers
3. October 18, 1933 Other
Newspaper Excerpt
The cheering news came from Walter deputy superintendent of state and receiver the First Bank of Hercharge of State Bank of Manmosa Beach... the work liquidating the banks would greatly aided. Debtors recently paid cash substantial funds. ... Robinson declared. ... within the next thirty days, Robinson will talk ... liquidation of the banks would greatly aid depositors when closed banks would dividend.
Source
newspapers

Newspaper Articles (2)
1. January 5, 1933 Hermosa Beach Review Hermosa Beach, CA
Article from Hermosa Beach Review, January 5, 1933

Click image to open full size in new tab

Article Text

FIRST BANK WILL BE OPEN MONTHS FOR FILING CLAIMS Continuing to use the quarters 1237 Hermosa avenue as the receiver's office, the First Bank of Hermosa Beach, in liquidation, opened this morning for filing claims. E. Bowerman, Jr., in charge of the liquidation of the First Bank, as well as the American Commercial Bank of Redondo and the State Bank of Manhattan Beach. The First Bank will remain open for four months, during which period all claims against the bank must be filed, according to Robison, special deputy superintendent of banks and sistant to Edward Rainey, state superintendent of banks. Claims against the First National bank, which was closed by order of the board of directors in order to save the depositors the loss that might have been incurred by run, may be filed in about three weeks, is understood. The liquidation of tional bank is considerably longer than that of process state bank, it is pointed ouit, details must be forcause many warded to Washington for con-

2. October 18, 1933 The Daily Breeze Torrance, CA
Article from The Daily Breeze, October 18, 1933

Click image to open full size in new tab

Article Text

TALKS BANK RECEIVER LOCAL SESSION HERMOSA ROTARY of Hermosa Beach Rotarians yesterday noon to hear encouraged that things are definitely "picking The cheering news came from Walter deputy superintendent of state and receiver the First Bank of Hercharge of State Bank of Manmosa Beach. and the American hattan Commercial and Savings Bank Redondo who speaker at the luncheon. promptu The speaker was besieged with to when the closed banks queries would dividend. but although answer, stated unable give an that with affairs now on the and bond prices regaining grade of their losses, the work liquidating the banks would greatly aided. Debtors recently paid cash substantial funds. four pieces of have been sold fair property prices two weeks. this tinues our work should bear Robinson declared. The who recalls the old speaker, days in Los Angeles when kids hunted jack rabbits Seventh and streets, was invited by John Spring chairman of the day, before Rotary again club. Within the next thirty days, Robinson will announced. talk the days of Los Angeles' on fancy. In absence of Ralph Frank Johnston read the Washington market letter. weekly Meyers, the Redondo 20-30 guest at the luncheon meeting Tuesday and announced that the club plandinner meeting on Decemning with representatives from all ber clubs in this district invited. The dinner planned with the idea council, organizing which can act for the district whole in matters civic importMeyers said. Further the meeting will appear later dates. R. Stark announced that the next week will the principal of the Compton Junior This speaker to have College. this week's meeting but appeared because of will address the club the next week.