Marysville Savings Bank - Marysville, CA

Bank Information

Episode Type: Suspension → Closure
Bank Type: savings bank
Start Date: October 1, 1888*
Location: Marysville, California (39.146, -121.591)

Metadata

Model: gpt-5-mini
Short Digest: bdb3a729

Response Measures

None

Description

Article (1888-10-08) states the Marysville Savings Bank is in liquidation and about to declare a final dividend. No run is mentioned; this appears to be a voluntary winding up leading to permanent closure. I classify this as a suspension/closure due to voluntary liquidation.

Events (1)

1. October 1, 1888* Suspension

Cause: Voluntary Liquidation
Cause Details: Bank is in liquidation (mutual savings bank) and preparing to pay a final dividend to depositors; indicates voluntary winding up/closure.
Newspaper Excerpt: The Marysville Savings Bank, in liquidation, is about to declare a final dividend.
Source: newspapers

Newspaper Articles (1)

1. October 8, 1888 Sacramento Daily Record-Union Sacramento, CA

Article from Sacramento Daily Record-Union, October 8, 1888

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Article Text

# California Banks. The Bank Commissioners have had their tenth annual report printed. It is a book of over six hundred pages, and shows the financial standing of every bank in the State. The total number of banks engaged in active business, which by law are compelled to report to this Commission is 163. Notwithstanding the example of the best banks, the wishes of the public and the continual remonstrances of the Commission, there are still a few banks in the State who habitually allow the cash on hand to run so low as to be utterly disproportionate to the amount due depositors, a course not only certain to cast reproach upon them, but likely to inconvenience their customers and jeopardize the interest of stockholders. The Marysville Savings Bank, in liquidation, is about to declare a final dividend. This bank, a "mutual" one, will not only pay dollar for dollar, but will divide a small surplus among its depositors. The total valuation of all the savings banks, according to this report, is $204,056,652 49. Including the National banks it is $236,297,226 64.