18246. Security Trust Company (Austin, TX)

Bank Information

Episode Type
Suspension → Closure
Bank Type
trust
Start Date
May 31, 1933
Location
Austin, Texas (30.267, -97.743)

Metadata

Model
gpt-5-mini
Short Digest
e5543947d37f4a64

Response Measures

None

Description

Articles (June 1933) report the Security Trust Company of Austin being placed in receivership and a receiver replacement — no article mentions a depositor run or a temporary suspension/reopening. Receivership implies permanent closure/wind-up. Dates corrected from article datelines (May 31, 1933 and June 10, 1933).

Events (2)
1. May 31, 1933 Receivership
Newspaper Excerpt
Application of James Shaw, state banking commissioner for receivership for the Security Trust Company of Austin was granted by Judge W. F. Robertson of Travis County District Court today. ... Judge Robertson named H. Grady Chandler, former assistant attorney general, receiver for the company.
Source
newspapers
2. June 10, 1933 Receivership
Newspaper Excerpt
Dist. Judge F. Robertson announced Saturday afternoon that Judge C. F. Gibson, Austin attorney, had been appointed receiver of the Security Trust company, to replace Grady Chandler, appointed several days ago ... Chandler was disqualified to serve because he was a creditor of the bank.
Source
newspapers

Newspaper Articles (2)
1. June 1, 1933 San Angelo Morning Times San Angelo, TX
Article from San Angelo Morning Times, June 1, 1933

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Article Text

BANK RECEIVER NAMED AUSTIN, May 31. (P)-Application of James Shaw, state banking commissioner for receivership for the Security Trust Company of Austin was granted by Judge W. F. Robertson of Travis County District Court today. James V. Allred, attorney general, filed the application for Shaw. Judge Robertson named H. Grady Chandler, former assistant attorney general, receiver for the company Action was taken. the attorney general, said, to protect interests of the depositors. Shaw said he believed "that if the bank's affairs were wound up in an orderly fashion, the interests of all depositors would be fully protected.' Chandler was required to give a bond of $25,000.

2. June 10, 1933 Austin American-Statesman Austin, TX
Article from Austin American-Statesman, June 10, 1933

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Article Text

Chandler Grady Replaced as Bank Receiver Dist. Judge F. Robertson announced Saturday afternoon that Judge C. F. Gibson, Austin attorney, had been appointed receiver of the Security Trust company, to replace Grady Chandler, appointed several days ago following the filing of petition for receiver by Atty. Gen. James Allred. Judge Robertson said Chandler was disqualified to serve because he was a creditor of the bank.