18333. Bank of Commerce (Fort Worth, TX)

Bank Information

Episode Type
Suspension → Closure
Bank Type
state
Start Date
September 6, 1905
Location
Fort Worth, Texas (32.725, -97.321)

Metadata

Model
gpt-5-mini
Short Digest
bb1296a7dfe0a9a9

Response Measures

None

Description

Multiple contemporaneous articles (Sept 6–7, 1905) report the Bank of Commerce of Fort Worth voluntarily closed its doors pending creditors action, attributing the suspension to the closing of the Denver Savings Bank and complications involving Imboden/Hill-controlled institutions. The suspension is described as voluntary and the bank went into the hands of its creditors, with no report of reopening—so classified as a suspension that results in closure. OCR corrected minor typos (e.g., 'Contrierce' -> 'Commerce').

Events (1)

1. September 6, 1905 Suspension
Cause
Correspondent
Cause Details
Suspension attributed to the recent closing/suspension of the Denver Savings Bank and broader complications among Imboden/Hill-controlled banks; collateral ties to Denver Savings (about $90,000) impaired the Fort Worth bank.
Newspaper Excerpt
The Bank of Commerce, a private institution, doing a small business, voluntarily closed its doors today, pending action of the creditors.
Source
newspapers

Newspaper Articles (5)

Article from Bryan Morning Eagle, September 7, 1905

Click image to open full size in new tab

Article Text

DOORS CLOSED. Fort Worth Bank of Contrierce Transacts No Business. Fort Worth, Sept. 6.-Bank of Commerce, as result of complications with Imboden banks over the country, did not open Wednesday. Teller Wall says immediate cause was suspension of Denver Savings bank.


Article from Arizona Republican, September 7, 1905

Click image to open full size in new tab

Article Text

SMALL TEXAS FAILURE. The Closing of a Bank With a Pretentious Name. o Fort Worth, Texas, Sept. 6.-The Bank of Commerce a private institution doing a small business, voluntarily closed its doors today pending action of the creditors. The bank claimed a paid capital of $100,000. It is stated by employes of the bank that the present suspension is largely due to the recent closing of the doors of a Denver, Colo., ank. President R. E. Maddox of the bank was seen tonight. He said the institution is owned by Leonard Imboden and J. A. Hill of Enid, Okla. To the depositors of the bank he said was due about $9,000 which constituted the principal indebtedness. It was the opinion of the bank employes ne said that the assets would about balance liabilities.


Article from The Daily Sentinel, September 7, 1905

Click image to open full size in new tab

Article Text

Closed Doors [Special to The Sentinel.] Fort Worth, Tex., Sept. 7.-The Bank of Commerce, of this city voluntarily closed its doors yesterday and went intto the hands of its creditors. This bank is one of the chain of institutions in Texas, Oklahoma and Indian Territory, controlled by the Hill and Imboden crowd that was responsible for the failures of the Western and the Denver Savings banks of Denver. Among the collateral held by the Denver Savings bank was $90,000 worth of paper issued by the Bank of Commerce of Fort Worth. The suspension of the Bank of Commerce is due to the closing of the Denver Savings bank. It is said that it has only $10,000 in available funds and no charter.


Article from The Salt Lake Herald, September 7, 1905

Click image to open full size in new tab

Article Text

TEXAS BANK CLOSED. Fort Worth, Tex., Sept. 6.-The Bank of Commerce, a private institution, doing a small business, voluntarily closed its doors today, pending the action of creditors. The bank claimed a paid capital of $100,000. It is stated by employes of the bank that the present suspension is largely due to the recent closing of the doors of a Denver (Colo.) bank.


Article from Palestine Daily Herald, September 7, 1905

Click image to open full size in new tab

Article Text

DOORS CLOSED. Fort Worth Bank of Commerce Trans. acts No Business. Fort Worth, Sept. 7.-Bank of Commerce, as result of complications with Imboden banks over the country, did not open Wednesday. Teller Wall says immediate cause was suspension 01 Denver Savings bank.