Firestone Park State Bank (Southgate, CA)

Episode Information

Episode Type
Suspension → Closure
Start Date
January 14, 1932
Location
Southgate, California (37.433, -122.151)
Bank Type
state
Routing Number
90-1299

Metadata

Episode ID
Bank ID
City ID
62354020
Model
gpt-5-mini
Short Digest

Events (2)
1. January 14, 1932 Suspension
Cause
Government Action
Cause Details
Bank was closed and placed under supervision/liquidation by the state banking department
Newspaper Excerpt
meeting ... to discuss the financial situation the city brought about by the closing of the Firestone Park State bank
Source
newspapers
2. June 14, 1932 Receivership
Newspaper Excerpt
The first dividend to of the Firestone Park State Bank South Gate, closed last January was mailed today by the state banking department. ... A. Q. Robison is supervising liquidation of the bank, while William E. Moore, special deputy superintendent of banks, is in regular charge of the liquidation.
Source
newspapers

Newspaper Articles (2)
1. January 14, 1932 South Gate Daily Press-Tribune South Gate, CA

Article Text

CITY OFFICERS DISCUSS FUNDS

A meeting of the finance committee of the South Gate City Council, the city treasurer and the city attorney was held this morn ing at the city hall to discuss the financial situation the city brought about by the closing of the Firestone Park State bank and the South Gate National Bank Ways and means of starting another city banking account were discussed at the meeting. it was reported The finance committee of the city includes Mayor H. Ralph Middlemiss and Councilmen Tweedy and Poteet

2. June 14, 1932 Pasadena Star-News Pasadena, CA

Article Text

Checks Given Closed Bank Depositors

One-Fourth of Savings, 15 Per Cent of Other Funds Distributed

LOS ANGELES June 14. (U.P.)The first dividend to of the Firestone Park State Bank South Gate, closed last January was mailed today by the state banking department. The dividend amounts to 25 per cent on claims against the savings department and 15 per cent claims against the commercial department. "It has been possible to make this early disbursement without sacrificing any of the assets of the bank." Superintendent of Banks Edward Rainey said. A. Q. Robison is supervising liquidation of the bank, while William E. Moore, special deputy superintendent of banks, is in regular charge of the liquidation.