Marysville Savings Bank - Marysville, CA

Bank Information

Episode Type: Suspension → Closure
Bank Type: savings bank
Start Date: November 28, 1932
Location: Marysville, California (39.146, -121.591)

Metadata

Model: gpt-5-mini
Short Digest: 405aa0ac

Response Measures

None

Description

Article (Oroville Mercury Register, 1932-11-28) reports the bank's doors were closed and it was placed in hands of the state banking superintendent due to frozen assets and bad loans to peach growers. Steady withdrawals are mentioned but no discrete run is described. Closure appears to be by government action/receivership.

Events (2)

1. November 28, 1932 Receivership

Newspaper Excerpt: been placed in the hands of the state banking superintendent (state superintendent took charge).
Source: newspapers

2. November 28, 1932 Suspension

Cause: Bank Specific Adverse Info
Cause Details: Frozen assets from many loans to peach growers who could not meet obligations; liabilities exceeded liquid assets.
Newspaper Excerpt: the bank had ... been placed in the hands of the state banking superintendent under the provisions of the bank act of California.
Source: newspapers

Newspaper Articles (1)

1. November 28, 1932 Oroville Mercury Register Oroville, CA

Article from Oroville Mercury Register, November 28, 1932

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Article Text

Marysville Bank Closing Blamed On Frozen Assets Deckbank of the oldest banking institutions the state failed open its doors for business today. notice, signed by Edward state superintensaid the bank had dent been placed in the hands of the state banking superintendent under of the bank act of Caliprovisions fornia. "Frozen assets" and recent steady withdrawals given by Rainey the reason order understood the bank had made many loans to peach growers who had been unable to meet their obligations. The bank, established in 1854, $150,000 and has capitalized serves and surplus amounting $97,000. Against this are liabilities in the form commercial and deposits $553.savings 800. There has been no noticeable on the bank but, according Rainey, steady withdrawals of counts have been taking place period of months.