gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
5f11b7a7d303ef6a
Response Measures
None
Receivership Details
Depositor recovery rate
100.0%
Date receivership started
1889-01-14
Date receivership terminated
1895-02-26
OCC cause of failure
Fraud
Share of assets assessed as good
59.0%
Share of assets assessed as doubtful
9.1%
Share of assets assessed as worthless
32.0%
Description
Suspension explicitly attributed to cashier irregularities; receiver appointed about a month later.
Events (4)
1.November 23, 1886Chartered
Source
historical_nic
2.December 17, 1888Suspension
Cause
Bank Specific Adverse Info
Cause Details
Suspension attributed to irregularities in the cashier C. H. Ramsden's accounts; bank closed pending examination.
Newspaper Excerpt
The California National Bank of San Francisco suspended on the 17th owing to irregularities in the Cashier's accounts.
Source
newspapers
3.January 14, 1889Receivership
Source
historical_nic
4.January 14, 1889Receivership
Newspaper Excerpt
The Comptroller of the Currency has appointed S.P. Young, of San Francisco, Receiver of the California National Bank.
Source
newspapers
Newspaper Articles (22)
1.December 19, 1888The Seattle Post-IntelligencerSeattle, WA
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Article Text
DEPOSITORS LOSE NOTHING. The California National Bank in Good Condition SAN FRANCISCO, Dec. 18.-United States Bank Examiner Cassidy, who is now in charge of the suspended California National bank, said to-day that from what he had been able to learn of the condition of the bank, after a hasty examination, he thought all the depositors would be paid in full. A definite statement, however, will not be forthcoming for several days. Cashier Ramsden claims that when matters are straightened, it will be found the bank had only suffered a slight impairment of its capital, and this will be made good, and the bank enabled to resume operations.
2.December 19, 1888The Clifton ClarionClifton, AZ
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Article Text
The California National Bank of San Francisco suspended on the 17th owing to irregularities in the Cashier's accounts. The President says there are plenty of available funds to meet all demands without loss to depositors.
3.December 19, 1888Evening Capital JournalSalem, OR
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Article Text
A Student's Less. A. L. McLaine of Silverton, Or., who attends school in San Francisco, had $190 on deposit with the California National bank, which suspended yesterday.
4.December 19, 1888Los Angeles Daily HeraldLos Angeles, CA
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Article Text
The Suspended Bamk. SAN FRANCISCO, December 18.-United States Pank Examiner Caseidy, who is now in charge of the suspended California National Bank, said to-day that from what he has been able to learn of the condition of the bank after a hasty examination, be thought all the deposi-
5.December 19, 1888Evening StarWashington, DC
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Article Text
The California National bank. of San Francisco, suspended payment Monday. R. P. Thomas, the president. stated that the suspension was due to irregularities of the cashier, C. H. Ramsden.
6.December 20, 1888Los Angeles Daily HeraldLos Angeles, CA
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Article Text
The suspended Bank. SAN FRANCISCO, December 19.-President Thomas, of the suspended California National Bank, said to an interviewer to-day that from the outlook resulting from a partial examination of the bank's condition, he was satisfied that the bank would be able to resume operations on Monday. It was necessary that a meeting of the stockholders should be held first, and this will probably take place Saturday.
7.December 20, 1888Spokane Falls ReviewSpokane, Spokane Falls, WA
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Article Text
The Suspended Bank Resumes. SAN FRANCISCO. Dec. 19, Special.President Thomas of the snspended California National bank said to-day that from the outlook resulting from the patient examination of the bank's condition he was satisfied that the bank would be able to resume operations on Monday. A meeting of the stockholders will probably be held on Saturday.
Will be Even, SAN FRANCISCO, Dec. 20.-President Thomas of the California National Bank of San Francisco, which suspended last Monday, issued a statement to day of the bank's affairs as they stood last Saturday night, showing assets of $718,000. Thomas claims the liabilities will amount to the same figures.
9.December 21, 1888The Salt Lake HeraldSalt Lake City, UT
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Article Text
The Bank's Statement. SAN FRANCISCO, December 20.-President Thomas, of the California National Bank of San Francisco, which suspended last Monday, issued a statement to-day of the bank's affairs as they stood last Saturday night, showing assets of $718,300. Thomas claims the liabilities amount to the same figure.
10.December 21, 1888The Morning NewsSavannah, GA
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Article Text
'Frisco's Broken Bank. SAN FRANCISCO, Dec. 20.-President Thomas, of the California National Bank of San Francisco, which suspended last Monday, issued a statement to-day of the bank's affairs as they stood last Saturday night, showing assets of $718,000. President Thomas claims that the liabilities amount to the same figures.
11.December 21, 1888Los Angeles Daily HeraldLos Angeles, CA
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Article Text
San Francisco's Wrecked Bank. SAN FRANCISCO, December 20.-President Thomas, of the California National Bank of San Francisco, which suspended last Monday, issued a statement to-day of the bank's affairs as they stood last Saturday night showing assets of $718,Thomas claims the liabilities 000. amount to the same figures.
12.December 23, 1888The Seattle Post-IntelligencerSeattle, WA
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Article Text
THE FRACTURED BANK. The Curtains Down and Net To Open Monday. SAN FRANCISCO, Dec. 22.-The doors of the suspended California National Bank still remain closed, and the examination by the United States bank commissioner is still in progress. A meeting of the stockholders was held this morning, but as no report had been handed President Thomas by the bank commissioner, there was no business transacte 1 beyond a discussion of the bank's affairs, and the meeting adjourned until Saturday next, when a statement is expected. President Thomas says he is confident the affairs will turn out satisfactory, and that depositors have no cause of alarm. The plan of opening the bank's doors on Monday has been abandoned, but it is thought they will be opened after the holidays.
13.December 23, 1888Los Angeles Daily HeraldLos Angeles, CA
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Article Text
THE WEECKED BANK. Rumors of Reopening Its Doors in a Short Time. SAN FRANCISCO, December 22.-The doore of the suspended California National Bank still remain closed, and an examination by the United States Bank Commissioners is still in progress. A meeting of , stockholders was held this morning, but as no report has been handed to President Thomas by the Bank Commissioner, there was no business transacted beyond the discussion of the bank's affairs, and the meeting adjourned till Saturday next, when a statement is expected. President Thomas says he is confident that the affairs will turn out satisfactorily, and that the depositors have no cause for alarm. The plan of opening the bank's doors on Monday has been abandoned, but it is thought they will be opened after the holidays.
14.January 15, 1889Evening StarWashington, DC
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Article Text
RECEIVER APPOINTED.-S. P. Young, of San Francisco, has been appointed receiver of the California National Bank of San Francisco, which failed on the 17th ultimo.
15.January 15, 1889Sacramento Daily Record-UnionSacramento, CA
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Article Text
WASHINGTON, January 14th.-The Comptroier of the Currency has appo nted S.P. Young, of San Prencisco, Receiver of the California National Bank.
16.April 21, 1889The Salt Lake HeraldSalt Lake City, UT
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Article Text
Paying the Bank Creditors. WASHINGTON. April 20. - The acting comptroller of the currency has directed the receiverof the California National bank of San Francisco, California, to prepare checks for the payment of 65 per cent. to the creditors of the bank upon claims
17.May 18, 1889Los Angeles Daily HeraldLos Angeles, CA
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Article Text
The Bursted Bank. SAN FRANCISCO, May 17.-S. P. Young, Receiver of the suspended California National Bank announces that he has
18.April 27, 1890The Morning CallSan Francisco, CA
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Article Text
A Woman Sued. S. P. Young, as receiver of the defunct Callfornia National Bank of San Francisco, has sued Edith Stege to recover $3439 76 on a promissory note made by her in favor of the bank.
19.December 14, 1890The Morning CallSan Francisco, CA
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Article Text
MAKING 100 PER CENT.-S. P. Young, receiver of the California National Bank of San Francisco, informs depositors that he will pay them a dividend of 5 per cent next month, making 100 per cent returned, or dollar for dollar. The bank failed two years ago this month.
20.December 23, 1890The Morning CallSan Francisco, CA
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JUDGMENT CONFESSED.-Confesion of judgment bas been filed in the suit of S. P. Young, receiver of the California National Bank of San Francisco, against P. H. Hink and J. E. Slinkey, to recover $350 on a promissory note.
21.December 16, 1891The Morning CallSan Francisco, CA
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Article Text
this city, receiver of the California National Bank, with the understanding, however, that the stockholders of the bank are to have ninety days in which to arrange for the bank's resumption. It is expected that the bank will be opened for business in a short time.
22.December 19, 1891Pittsburg DispatchPittsburgh, PA
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THE Comptroller of the Currency to-day appointed Frederick N. Pauly, of Los Angeles, receiver of the California National Bank of San Francisco.
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.
