880. First National Bank (Modesto, CA)

Bank Information

Episode Type
Suspension → Closure
Bank Type
national
Bank ID
3136
Charter Number
3136
Start Date
February 6, 1926
Location
Modesto, California (37.639, -120.997)

Metadata

Model
gpt-5-mini
Short Digest
3d6ff83b

Response Measures

None

Description

Articles (1926–1927) refer to the First National Bank of Modesto as 'defunct' and discuss actions by Charles A. LaBree as receiver. No newspaper text describes a depositor run; the bank had been placed in receivership and remained closed. OCR in articles is poor; dates and some names corrected (e.g., 'La Bree' -> LaBree).

Events (5)

1. March 7, 1884 Chartered
Source
historical_nic
2. July 10, 1920 Voluntary Liquidation
Source
historical_nic
3. February 6, 1926 Receivership
Newspaper Excerpt
Charles A. La Bree, as receiver of the ... First National Bank ... filed the Superior Court here yesterday (Feb. 6).
Source
newspapers
4. March 4, 1927 Other
Newspaper Excerpt
BANK RECEIVER LOSES IN COURT OVER OLD NOTE ... of the defunct First National Bank ... lost decision before jury ... LaBree contended ... the missing president the bank
Source
newspapers
5. * Suspension
Cause
Government Action
Cause Details
Bank placed in receivership (defunct) leading to suspension/closure; articles discuss receiver's actions and lawsuits.
Newspaper Excerpt
the defunct First National Bank of
Source
newspapers

Newspaper Articles (2)

Article from The Record, February 26, 1926

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Article Text

BANK RECEIVER SUES ON NOTES MODESTO OFFICE STOCKTON RECORD. Feb. 6.-Payment of $4000 alleged due on promissory notes executed in favor of C. LA Flack, missing of the First National Bank of and indorsed by him to that institutio asked two filed the Superior Court here yesterday Charles A. La Bree, as receiver of the Eugene Bessae is alleged in have exnote Flack's favor on October 31, for while the complaint alleges that note for $2500 in Flack's favor on the same


Article from The Record, March 4, 1927

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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.