18275. Guaranty State Bank (Cleburne, TX)

Bank Information

Episode Type
Run → Suspension → Unsure
Bank Type
state
Start Date
April 5, 1923
Location
Cleburne, Texas (32.348, -97.387)

Metadata

Model
gpt-5-mini
Short Digest
3d8774369af1d520

Response Measures

None

Description

Newspaper reports (Apr 6, 1923) state a two-week slow run depleted deposits and the bank was closed by the State Bank Examiner. One article says the bank may reopen within a few days, but no definitive reopening or receivership is reported, so outcome is uncertain. Crop failures in Johnson County are cited as the trigger for withdrawals (local economic shock).

Events (2)
1. April 5, 1923 Run
Cause
Local Shock
Cause Details
Two-week slow run triggered by failure of two crops in Johnson County, which caused heavy withdrawals (reduced deposits by ~$400,000).
Newspaper Excerpt
A two-week slow run, which reduced deposits more than $400,000, following failure of two crops in Johnson county, was responsible for the closing
Source
newspapers
2. April 5, 1923 Suspension
Cause
Government Action
Cause Details
Closed by the State Bank Examiner after deposits were severely depleted by the run; depositors to be protected by the state guaranty fund.
Newspaper Excerpt
The Guaranty State Bank at Cleburne ... was closed yesterday by State Bank Examiner Wallace.
Source
newspapers

Newspaper Articles (2)
1. April 6, 1923 Evening Star Washington, DC
Article from Evening Star, April 6, 1923

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Article Text

BANK CLOSED AFTER RUN. AUSTIN, Tex., April 6.-The Guarany State Bank at Cleburne. with $100,000 capital stock and about $$50.000 deposits, was closed yesterday by State Bank Examiner Wallace. A two-week slow run, which reduced deposits more than $400.000. following failure of two crops in Jehn county, was responsible for the e' ing, it was declared, Deposit he protected by the state aund

2. April 6, 1923 The Birmingham Age-Herald Birmingham, AL
Article from The Birmingham Age-Herald, April 6, 1923

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Article Text

TEXAS BANK CLOSED Two Weeks Slow Run Fatal For F1nancial Institution AUSTIN, Tex., April b.-The Guaranty State bank, at Cleburn. Tex., with $100,000 capital stock and about $550,000 deposits, has been closed, Banking Commissioner J. D. Chapman announced tonight. A twoweeks' slow run, which reduced deposits more than $400,000, following failure of two crops in Johnson county, was responsible for the closing, Commissioner Chapman declared. The bank may reopen within a few days and depositors will be protected by the state guaranty fund, he added.