18306. Denison Bank & Trust Company (Denison, TX)

Bank Information

Episode Type
Run → Suspension → Unsure
Bank Type
trust
Start Date
July 15, 1921
Location
Denison, Texas (33.756, -96.537)

Metadata

Model
gpt-5-mini
Short Digest
82ae67835945434a

Response Measures

None

Description

Multiple contemporary articles report withdrawals that developed into a run on July 15, 1921; the bank closed its doors that day and the state bank examiner took control and announced reorganization plans. Newspapers say the bank 'was unable to resume' on July 16 and directors hoped to reopen soon, but there is no definitive article here confirming a reopening or a permanent closure/receivership. Therefore I classify as run -> suspension with outcome unsure.

Events (2)
1. July 15, 1921 Run
Cause Details
Heavy withdrawals/depositor panic developed into a run; no specific rumor, scandal, or external bank failure is described in these articles.
Measures
Bank closed its doors at 11 A.M. on July 15; state bank examiner took control and announced plans for reorganization.
Newspaper Excerpt
Following withdrawal of deposits from the Denison Bank and Trust Company, which developed into a run, the bank closed its doors at 11 A. M.
Source
newspapers
2. July 15, 1921 Suspension
Cause
Government Action
Cause Details
After withdrawals developed into a run, the bank closed and the state bank examiner took control to reorganize the institution.
Newspaper Excerpt
The bank closed its doors at 11 A. M. to-day. A. L. Slaughter of Austin, State Bank Examiner, took control and in a statement said plans for a complete reorganization of the institution were being formulated.
Source
newspapers

Newspaper Articles (4)
1. July 16, 1921 The New York Herald New York, NY
Article from The New York Herald, July 16, 1921

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Article Text

TEXAS BANK CLOSED. DENISON. Tex.. July 15.-Following withdrawal of deposits from the Denison Bank and Trust Company. which developed into a run, the bank closed its doors at 11 A. M. to-day. A. L. Slaughter of Austin, State Bank Examiner, took control and in a statement said plans for a complete reorganization of the institution were being formulated.

2. July 16, 1921 New-York Tribune New York, NY
Article from New-York Tribune, July 16, 1921

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Article Text

Run Closes Texas Bank DENISON, Tex., July 15.-Foliowing withdrawal of deposits from the Denison Bank and Trust Company, which developed into a run, the bank closed its doors at 11 a. m. to-day. A. L. Slaughter, of Austin, state bank examiner, took control and in a statement said plans for a complete reorganization of the institution were being formulated.

3. July 16, 1921 Brownsville Herald Brownsville, TX
Article from Brownsville Herald, July 16, 1921

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Article Text

DENISON BANK IS UNABLE TO RESUME AFTER FRIDAY RUN (By The Associated Press) DENISON, Texas, July 16-The Denison Bank & Trust Company which closed its doors Friday when withdrawal of deposits developed a run, was unable to resume business today. The president of the board of directors told a crowd partially blocking traffic near the bank today that the institution probably would reopen Tuesday and that the depositors would receive their money.

4. July 17, 1921 The Morning Tulsa Daily World Tulsa, OK
Article from The Morning Tulsa Daily World, July 17, 1921

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Article Text

Defunct Denison Bank May Resume Business DENISON Texas July 16.-The Denison Bank and Trust company, which closed its doors Friday when withdrawal of deposits developed into a run. did not resume business today. In a speech to the crowd which congregated around the institution. W. B. Munson, president of the board of directors, stated that all depositors would receive their money. He said the bank would probably be able to open Tuesday