Bank went out of existence and was absorbed/merged into Central Savings Bank.
Newspaper Excerpt
The Telegraph Avenue Savings Bank Avenue savings bank went out of existence to-day, having been absorbed by the Central Savings Bank.
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newspapers
Newspaper Articles (1)
1.May 27, 1913Carson City Daily AppealCarson City, NV
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Article Text
BANK SUSPENDS OAKLAND, Cal., May 27.-The Telegraph Avenue Savings Bank Avenue savings bank went out of existence to-day. having been absorbed by the Central Savings Bank.
Bank runs are almost always and everywhere a deterioration of bank fundamentals.
But not for you.
You are the measure-zero exception: great fundamentals, solid bank, and yet the Diamond Dybvig fairy spread its rumor. Depositors woke up. Your collateral was not prepositioned. The Clearinghouse had it for you.
Do not pass Go. Do not collect $200. Go directly to jail… or worse.
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Telegraph Avenue Savings Bank · Episode ID 8860025491361