1206. First National Bank (Woodlake, CA)

View Charter #10309 on SPMC

Bank Information

Episode Type
Suspension → Closure
Bank Type
national
Bank ID
10309
Charter Number
10309
Start Date
November 28, 1932
Location
Woodlake, California (36.414, -119.099)

Metadata

Model
gpt-5-mini
Short Digest
35555ae5

Response Measures

None

Receivership Details

Depositor recovery rate
100.0%
Date receivership started
1932-12-02
Date receivership terminated
1937-12-22
Share of assets assessed as good
65.8%
Share of assets assessed as doubtful
21.2%
Share of assets assessed as worthless
13.0%

Description

Bank was closed by board vote to liquidate (voluntary liquidation) on Nov 28, 1932; Comptroller appointed a receiver the same day. No run reported in the articles. Later receiver authorized to sell bonds during liquidation (Feb 1933).

Events (5)
1. January 9, 1913 Chartered
Source
historical_nic
2. November 28, 1932 Receivership
Newspaper Excerpt
C. A. Donohue today was appointed receiver for the First National Bank, Woodlake, Calif., by the comptroller of the currency.
Source
newspapers
3. November 28, 1932 Suspension
Cause
Voluntary Liquidation
Cause Details
Board of directors voted to liquidate the bank's business and closed the bank; depositors to be paid in full.
Newspaper Excerpt
The First National Bank of Woodlake was closed Saturday after its board of directors voted to liquidate the bank's business.
Source
newspapers
4. December 2, 1932 Receivership
Source
historical_nic
5. February 27, 1933 Other
Newspaper Excerpt
Superior Judge Frank Lamberson ... signed an order authorizing Henry P. Hilliand of Fresno, receiver of the First Bank of Woodlake, to sell bonds with total par value of $43,000. The bonds will be sold in connection with the liquidation of the bank which was closed several weeks ago.
Source
newspapers

Newspaper Articles (4)
1. November 28, 1932 Colusa Sun-Herald Colusa, CA
Article from Colusa Sun-Herald, November 28, 1932

Click image to open full size in new tab

Article Text

WOODLAKE BANK IS CLOSED BY BOARD WOODLAKE Nov. 28 (UP)The First National Bank of Woodlake was closed Saturday after its board of directors voted to liquidate the bank's business. All depositors, it was said, will be paid the full amounts of their deposits, totalling $100,000.

2. November 29, 1932 Tulare Advance-Register Tulare, CA
Article from Tulare Advance-Register, November 29, 1932

Click image to open full size in new tab

Article Text

Woodlake Bank Receiver Named WASHINGTON, Nov. 28. (UP) -C. A. Donohue today was appointed receiver for the First National Bank, Woodlake, Calif., by the comptroller of the currency.

3. December 3, 1932 The Fresno Bee Fresno, CA
Article from The Fresno Bee, December 3, 1932

Click image to open full size in new tab

Article Text

Man Held On U.S. Charge Said To Be Hilliard Named Former Fresnan Receiver F Paul former Woodlake Bank An ement funds and trustee at Los arrested yesterday in indictment alleging more $10,000 failure in at press arraigned December Bank Henry P. Hilliard of fed bank now in charge the liquidation of the affairs of bankrupt banks, receiver for the First National Bank of Woodlake Hilliard said he would Woodlake Monday the affairs of He said no statement he studied Mrs R the the of the Woodlake bank deposi will not

4. February 27, 1933 Porterville Recorder Porterville, CA
Article from Porterville Recorder, February 27, 1933

Click image to open full size in new tab

Article Text

WOODLAKE BANK RECEIVER AUTHORIZED TO SELL $43,000 BONDS VISALIA Feb. Superior Judge Frank Lamberson rday signed an order authorizing Henry P. Hilliand of Fresno. receiver of the First Bank of Woodlake. to sell bonds with total par value of $43 000. The bonds will be sold in connection with the liquidation of the bank which was closed several weeks ago.