18289. Texas State Bank & Trust Company (Corpus Christi, TX)

Bank Information

Episode Type
Suspension → Reopening
Bank Type
trust
Start Date
October 14, 1931
Location
Corpus Christi, Texas (27.801, -97.396)

Metadata

Model
gpt-5-mini
Short Digest
de1a3d3a4fccb225

Response Measures

None

Description

Articles (Oct 14–15, 1931) report the Texas State Bank & Trust Co. of Corpus Christi 'failed to open' / 'closed to prevent a threatened run' after the affiliated First State Bank at Kingsville closed. The stories do not state whether the Corpus Christi institution permanently failed or later reopened; I classify as a suspension (preventative closure) caused by distress of a local affiliated bank. Episode_type chosen as 'suspension_reopening' although reopening is not documented in the supplied articles — selected because the article frames the action as a temporary closure to prevent a run rather than an assignment to a receiver. If you prefer a strictly uncertain classification, I can change to 'other' or 'suspension_closure'.

Events (1)
1. October 14, 1931 Suspension
Cause
Local Banks
Cause Details
Closure triggered by the closing/failure to open of the affiliated First State Bank at Kingsville, which prompted prospective withdrawals.
Newspaper Excerpt
The Texas State Bank & Trust Co. of Corpus Christi, with approximately $300,000 on deposit, closed to prevent a threatened run.
Source
newspapers

Newspaper Articles (2)
1. October 15, 1931 Evening Star Washington, DC
Article from Evening Star, October 15, 1931

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Article Text

TWO TEXAS BANKS FAIL Corpus Christi and Kingsville Institutions Were Affiliated. CORPUS CHRISTI, Tex., October 15 (P).-Two affiliated South Texas banking institutions, one at Corpus Christi, the other at Kingsville, failed to open for business yesterday. The Texas State Bank & Trust Co. of Corpus Christi, with approximately $300,000 on deposit, closed to prevent a threatened run. Bank officials said. closing yesterday of the First State Bank at Kingsville, a member bank, was responsible for the prospective withdrawal of deposits at the Texas State Bank & Trust Co. The Kingsville Bank was capitalized for $65,000 and had about $440,000 on deposit. The Corpus Christi bank was capitalized for $150,000.

2. October 15, 1931 The Miami Herald Miami, FL
Article from The Miami Herald, October 15, 1931

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Article Text

2 AFFILIATED BANKS SUSPEND IN TEXAS CORPUS CHRISTI, Texas, Oct. 14. (AP) Two south Texas banking institut one at Corpus Christi, the other at Kingsvi failed to open today. The Texas State Bank and Trust of Corpus Christi, with approximately $300,000 on deposit, closed to prevent threatened run. The Kingsville bank was capitalized for $65,000 and had about $440,000 on deposit. The Corpus Christi bank was capitalized for $150,000.