Baldwin Park Savings Bank (Baldwin Park, CA)

Episode Information

Episode UID
90111271582
Episode Type
Suspension โ†’ Closure
Bank Type
savings
Bank ID
9011127 routing
Routing Number
90-1112
Start Date
October 21, 1931
Location
Baldwin Park, California (34.085, -117.961)

Metadata

Model
gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
5ef1970e7543e287

Response Measures

None

Description

Reopening referenced is for completion of liquidation under a receiver, not resumption of normal banking business.

Events (3)

1. October 21, 1931 Receivership
Newspaper Excerpt
the taking over of the savings bank ... by national and state banking departments ... bank superintendent in charge of the liquidation, assisted McBirney. ... national bank receiver, promised to work rapidly possible to effect liquidation of both banks.
Source
newspapers
2. October 21, 1931 Suspension
Cause
Government Action
Cause Details
Taken over by national and state banking departments (regulatory takeover/closure)
Newspaper Excerpt
taken over of the savings bank and the First National Baldwin Park by national and state banking departments two weeks
Source
newspapers
3. November 4, 1931 Reopening
Newspaper Excerpt
Baldwin Park Savings Bank Opens Yesterday for Liquidation ...the reopening of the Baldwin Park Savings bank today for completion of its as required by law...the first step towards solution local banking problem was made since the taking over of the savings bank...the office of the receivership of the Baldwin Park Savings bank were moved ... to the office of the Glendora bank, which is also in charge of the same receiver.
Source
newspapers

Newspaper Articles (2)

Article Text

Baldwin Park Savings Bank Opens Yesterday for Liquidation BALDWIN PARK, Nov. the reopening of the Baldwin Park Savings bank today for completion of its as required by law, the first step towards solution local banking problem was made since the taking over of the savings bank and the First National Baldwin Park by national and state banking departments two weeks special state uty bank superintendent, charge of the liquidation, assisted McBirney. recent mass meeting of depositors, Robinand Heathcote, national bank receiver, promised to work rapidly possible to effect liquidation of both banks. In answer to question, Heathcote stated that there no probability that the national bank would be reopened here under its old charter. new charter would be needed for reorganization, he said, of bank. According to H. president of the defunct institutions, new bank may be organized Baldwin Park in the near future.


Article Text

County Topics Aid with R.F.C. Fund Refuse to of the county unemployment stablization bureau to authorize aid from funds to improve certain city streets was expressed in H letter received last week by City Clerk J. D. Johnson. In the letter from H. B. Webster, assistant director of the employment stabilization bureau, it was stated that Mr. Cuthbert, coordinator for the Reconstruction Finance corporation, had decreed that the project work enumerated by the recent council resolution was considered a regular city function and was not entitled to federal aid. -Courier. Trustees Seek Re-election incumbent trustees of the high school district whose terms are expiring have acceded to the wishes of their friends and are permitting their names to be submitted to the voters again. These are F. Heth and C. A. Griffith.Herald. Worker Falls to Death his balance after his safety belt had become unfastened, J. W. Mattingly, 42year-old Pasadena worker on the Pine canyon dani, fell seventy feet to his death in San Gabriel canyon. He died almost instantly from fractured skull and other injuries. Office of Bank Receiver Moved Baldwin of the receivership of the Baldwin Park Savings bank were moved from the Chamber of Commerce building last week to the office of the Glendora bank, which is also in charge of the same receiver. The move was made in the interest of economy. Grandmothers Guests of Temple dearly beloved grandmothers of the community were the guests of honor last week at the regular meeting of the South Santa Anita Parent-Teacher association. Mrs. E. B. Chase, program chairman, had prepared most delightful program in their honor. Grandma Dozier, past 100, was unable to Baldwin Park Track Under Way Baldwin to the invitation of Green to attend the formal ground breaking ceremonies of the Baldwin Park race track, leading business men from this valley gathered at the former Barnes Circus grounds last Saturday. The track, with grandstand, club building and stables is to be located on 220-acre tract between Holt and Garvey avenues just west of Baldwin Park and is to represent an investment of $440,000 according to the builders. It was also announced that employment will be given immediately to 250 men and that work on the track will be rushed NO that all will be in readiness May 15 for the opening of twenty-live day meet that is expected will bring to this section many of the world's greatest racing stables. Heading the project is A. J. Uniack, prominent Los Angeles business man. Other officers are William N. Neil, vicepresident and general manager, and R. S. Green, secretary and Doubtful Future for Playground when it had lots of ambition and plenty of ready cash, planned to have a recreation center in the mountains back of the city, at Charleton Flats. Things went well until the financial slump descended upon the people. The funds which were necessary to carry out the program were curtailed, and later developments have made it plain that further money cannot be expended in that direc- Deny Political Activity Temple Temple City Chamber of Commerce, through its officers states that the organization does not take part in politics of any nature, or the advancement of one individual over another, and therefore is not interested in the election of a school trustee in that district and will remain strictly neutral. The Temple National bank also contradicts a rumor that it is interested in the election of a school trustee and officers state that the bank is not sponsoring any particular party as school trustee.-Times.