Brooke Smith & Company (Brownwood, TX)

Episode Information

Episode UID
1415129691463
Episode Type
Suspension → Closure
Bank Type
private
Bank ID
141512969 hash
Start Date
November 28, 1921
Location
Brownwood, Texas (31.712, -98.976)

Metadata

Model
gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
e2286784dd2cc02f

Response Measures

None

Description

Articles report an immediate suspension with no mention of reopening; permanent closure not confirmed.

Events (1)
1. November 28, 1921 Suspension
Cause
Voluntary Liquidation
Cause Details
President Brooke Smith posted a telegram stating the private bank must suspend business 'for the best interests of all concerned.'
Newspaper Excerpt
For the best interests of all concerned we must suspend business at once.
Source
newspapers

Newspaper Articles (2)
1. November 30, 1921 The Daily Ardmoreite Ardmore, OK
Article from The Daily Ardmoreite, November 30, 1921

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Article Text

PRIVATE BANK IS CLOSED President Says Action is Best for All Concerned Just Now. BROWNWOOD Texas, Nov. 30.The private banking house of Brooke Smith and Company. capitalized at $300,000 closed its doors Tuesday morning and posted a telegram from Brooke Smith, its president reading: "For the best interests of all concerned we must suspend business."

2. December 6, 1921 The Lubbock Avalanche Lubbock, TX
Article from The Lubbock Avalanche, December 6, 1921

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Article Text

PRIVATE BANK CLOSED DOORS AT BROWNWOOD Brownwood, Texas, Nov. 28.Brooke Smith & Co., unincorporated with a capital of $300,000 resources of more than $1,000,000, suspended business today, posting on the doors a telegram from Brooke Smith, president, who is in Fort Worth today, stating that the bank close. It was announced that Mr. Smith on his return tomorrow would give out a statement. The posted statement reads: "For the best interest of all concerned we must suspend business at once." Brooke Smith is one of the oldest bankers of Texas, having established a bank here in 1876. No excitement attended the bank's closing and no fear is felt as to the ultimate satisfactory outcome.