Decker Jewett Bank (Marysville, CA)

Episode Information

Episode UID
90023171595
Episode Type
Suspension → Closure
Bank Type
state
Bank ID
9002317 routing
Routing Number
90-0231
Start Date
November 28, 1932
Location
Marysville, California (39.146, -121.591)

Metadata

Model
gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
e12e0c162b36f1e8

Response Measures

None

Events (2)
1. November 28, 1932 Suspension
Cause
Bank Specific Adverse Info
Cause Details
Inability to realize on frozen assets and many loans to peach growers who couldn't meet obligations; steady withdrawals over months.
Newspaper Excerpt
the Decker-Jewett bank of Marysville ... failed to open for business today. A notice signed by Edward Rainey, State Superintendent of Banks, said the bank had been placed in the hands of the state banking superintendent ... Frozen assets and recent steady withdrawals was given by Rainey as the reason for his order.
Source
newspapers
2. February 24, 1934 Receivership
Newspaper Excerpt
MARYSVILLE CLOSED BANK PAYS FIRST DIVIDENDS ... the Decker-Jewett Bank of this city, liquidation since November ... Baylies special deputy signed order. ... Baylies special deputy superintendent of banks, who has charge of the bank's liquidation ... checks represent the first dividend ... for depositors.
Source
newspapers

Newspaper Articles (5)
1. November 28, 1932 Willows Daily Journal Willows, CA
Article from Willows Daily Journal, November 28, 1932

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Article Text

MARYSVILLES OLDEST BANK FAILS TO OPEN By Valley News Alliance The Decker-Jewett bank of Marysville, oldest state bank in California, failed to open for business today. A notice signed by Edward Rainey. State Superintendent of Banks, said the bank had been placed in the hands of the state banking superintendent under provision of the bank act of Callfornia "Frozen assets" and recent steady withdrawals was given by Rainey as the reason for his order. The bank, established in 1854. is capitalized at $150,000 and has reserves and surplus amounting to $97.000. Against this are liabilities in the form of commercial deposits, $432.400; and savings deposits. $553,800 There has been no noticeable run on the bank but, according to State Bank Superintendent Edward Rainey. steady withdrawals of accounts had been taking place over several months.

2. November 28, 1932 Woodland Daily Democrat Woodland, CA
Article from Woodland Daily Democrat, November 28, 1932

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Article Text

MARYSVILLE BANK CLOSES STATE TO (By Valley News Alliance) MARYSVILLE, Nov. to steady withdrawals of deposits over period of months and an inability to realize on frozen assets, the Decker Jewett bank in Marysville, oldest state bank in California, failed to open for business Monday morning. It was in charge of Deputy Bank Superintendent E. Holly, who had begun an examination to determine the institution's future. The bank, established in 1854, is capitalized at $150,000 and has reserve and surplus amounting to $97,000. Against this are liabilities in the form of commercial deposits, $432,400, and savings deposits, $553,800. There has been no noticeable run the bank, but according to State Bank Superintendent Edward Rainey, steady withdrawals of accounts had been taking place over a period of months.

3. November 28, 1932 Colusa Sun-Herald Colusa, CA
Article from Colusa Sun-Herald, November 28, 1932

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Article Text

DECKER JEWETT BANK IN HUB CITY FAILS TO OPEN (By Valley News Alliance) MARYSVILLE, Nov. 28. Due to steady withdrawals over a period of months and to inability to realize on "frozen" assets, the Decker-Jewett bank in Marysville, oldest state bank in California, failed to open for business this morning. It was in charge of Deputy Bank Superintendent E. D. Holly, who had begun an examination to determine the institution's The bank, established in 1854, is capitalized at $150,000 and has reserve and surplus amounting to $97,000. Against this are liabilities, in the form of commercial deposits, of $432,400, and savings deposits amounting to $553,800. There has been no noticeable run on the bank, but. according to Edward Rainey, state bank superintendent. steady withdrawals of accounts had been taking place over period of months.

4. November 29, 1932 The Gridley Herald Gridley, CA
Article from The Gridley Herald, November 29, 1932

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Article Text

Decker-Jewett Bank Closes Its Doors MARYISVILLE (UP) The Decker-Jewett bank of Marysville, one of the oldest banking institutions in the state failed to open its doors for business today. A notice, signed by Edward Rainey, state superintendent of banks, said the bank had been placed in the hands of the state banking superintendent under provisions of the bank act of California. "Frozen assets" and recent steady withdrawals was given by Rainey as the reason for his order. It is understood the bank had made many loans to peach growers who had been unable to meet their obligations. The bank, established in 1854, is capitalized at $150,000 and has reserves and surplus amounting to $97,000. Against this are liabilities in the form of commercial deposits $432,400 and savings deposits $553, There has been no noticeable run on the bank, but according to Rainey, steady withdrawals of accounts have been taking place over a period of months. Mrs. Anna Palmer of Biggs is reported quite ill by Dr. Fred Harrison. County Purchasing Agent Frank C. Boyle and Arthur C. Woodhouse, both of Oroville, were Gridley visitors yesterday.

5. February 24, 1934 The Sacramento Bee Sacramento, CA
Article from The Sacramento Bee, February 24, 1934

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Article Text

MARYSVILLE CLOSED BANK PAYS FIRST DIVIDENDS Institution's Depositors Receive Checks In Mail FEDERAL, STATE COUNTY OBLIGATIONS ARE PAID Bank Sends Out Letters Telling Of Liquidation MARYSVILLE (Yuba Co.). Feb. the mall to-day for more than 2,000 depositors the Decker-Jewett Bank of this city, liquidation since NovemThe checks represent the first dividend of 10 per cent commercial accounts, and first dividend 15 cent savings accounts. sum day that savings depositors totals The authorization to make of the dividends was made yesterday when Superior Judge Warren on petition Edward Rainey, state of signed order. Baylies special deputy superintendent banks, who has charge of the bank's liquidation the doors were closed, had filed petition. Those are chiefly residents the Letter Checks. the checks letsigned Superintendent Rainey expressing the hope the depositors of the closed institution realize the overcome to pay this divi- "When took of the business assets of the DeckerJewett Bank over year ago work out affairs for the benefit the depositors, the letter states, that practically the assets pledged with the Reconstruction Finance Corporation secure the payment of loans to the savings the bank. At the of suspension commercial departowed and the ings Reconstruction Finance Corporation. In addition to these amounts, savings department owed $47,000 the state treasurer $40,000 treasurer Yuba County. All of this fully cured pledge prior to the time the bank was State And County Are Paid. Rainey then points out that these bonds were and both the state county obligations paid in full, adds: moneys collected on loans, bonds other pledged been and must poration to be applied on its indebtedness." The total number of commercial depositors filed claims the liquidation 1,085 total number signed 942. As the number of the bank's depositors in round figures, evident that the of 175 did not file claims. total made Rainey Clark, his total $60,667.16 total of expenses the months period given showing earning fifteen months period of $46,670.27.