999. Union State Bank (San Francisco, CA)

Bank Information

Episode Type
Suspension → Closure
Bank Type
state
Start Date
January 1, 1910*
Location
San Francisco, California (37.780, -122.419)

Metadata

Model
gpt-5-mini
Short Digest
063a290ae0be7127

Response Measures

None

Description

Articles (Jan 28–29, 1910) report that Union State Bank of San Francisco and an allied savings bank subsequently suspended after alleged violations of California banking laws by an officer. No mention of a depositor run or of reopening; legal action/arrest is emphasized. Exact suspension date and whether a receiver was later appointed are not given, so classification as permanent closure is based on the lack of evidence of reopening and on the criminal allegations—this is somewhat uncertain.

Events (1)
1. January 1, 1910* Suspension
Cause
Bank Specific Adverse Info
Cause Details
Alleged violation of California banking laws by W. C. Hayes (vice president/manager) led to investigations and the banks subsequently suspended operations according to newspapers reporting Jan 28–29, 1910.
Newspaper Excerpt
both of which subsequently suspended.
Source
newspapers

Newspaper Articles (2)
1. January 29, 1910 The Birmingham Age-Herald Birmingham, AL
Article from The Birmingham Age-Herald, January 29, 1910

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Article Text

# HAYES IS UNDER # ARREST AGAIN Memphis, January 28.-For the second time this week W. C. Hayes, former banker of San Francisco, was arrested tonight under instructions from the chief of police of that city. Tonight's advices stated that Hayes is charged with a felony and an officer would be sent to take him to the California city. Hayes' previous arrest was because of an alleged violation of the state banking laws of California while vice president of the Union State bank of San Francisco, and manager of an allied institution, a savings bank, both of which subsequently suspended. After spending 48 hours in prison Hayes was released at the request of the San Francisco authorities, who declared that at that time he had been charged with no wrongdoing. Hayes announces that he will return to San Francisco without requisition.

2. January 29, 1910 The Sentinel=record Hot Springs, AR
Article from The Sentinel=record, January 29, 1910

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Article Text

charged with a felony and an officer would be sent to return him to the, California city. Hays' previous arrest was because of an alleged violation of the state banking laws of California, while vice president of the Union State Bank of San Francisco and manager of an allied istitution, a savings bank, both of which subsequently suspended. Af ter spending forty-eight hours in prison he was released at the request of the San Francisco authorities who declared that at that time he had been charged with no wrong doing. Hays announces that he will return to San Francisco without requisition.