Sunset State Bank - Montague County, TX

Bank Information

Episode Type: Run → Suspension → Reopening
Bank Type: state
Start Date: October 8, 1930
Location: Montague County, Texas (33.676, -97.725)

Metadata

Model: gpt-5-mini
Short Digest: 29e4c9d76ec78ca7

Response Measures

None

Description

Article (Wichita Falls Times, 1930-11-10) reports Sunset State Bank in Montague County, TX, reopened after about a month closed for readjustment. Closure was caused by a pessimistic rumor that produced a run. Reopened Saturday (given publication date 1930-11-10, reopening was 1930-11-08). Dates for the run and initial suspension are approximate (about a month earlier).

Events (3)

1. October 8, 1930 Run

Cause: Rumor Or Misinformation
Cause Details: A pessimistic rumor prompted depositors to withdraw funds, triggering the run.
Measures: Bank closed for about a month for readjustment (temporary suspension of business).
Newspaper Excerpt: it is said, until a pessimistic sumor caused run which forced it to close for readjustment.
Source: newspapers

2. October 8, 1930 Suspension

Cause: Rumor Or Misinformation
Cause Details: Bank suspended operations (closed for readjustment) following the run sparked by pessimistic rumors.
Newspaper Excerpt: After remaining closed for about month for readjustment, the Sunset State bank was reopened Saturday for regular banking business
Source: newspapers

3. November 8, 1930 Reopening

Newspaper Excerpt: the Sunset State bank was reopened Saturday for regular banking business. ... The Sunset State bank ... was in fair condition, so it is said, until a pessimistic rumor caused run which forced it to close for readjustment.
Source: newspapers

Newspaper Articles (1)

1. November 10, 1930 Wichita Falls Times Wichita Falls, TX

Article from Wichita Falls Times, November 10, 1930

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Article Text

SUNSET BANK REOPENS FOR BUSINESS AFTER MONTH READJUSTMENT SUNSET. Texas, Nov. 10.-After remaining closed for about month for readjustment. the Sunset State bank was reopened Saturday for regular banking business Quite number of new stockholders, including business men and farmers, have been added to the number already holding shares. A number of women in town and in the country bought shares. The bank reopened in better and safer condition than it had been in within number of years. The Sunset State bank is one of the oldest banking institutions in Montague county and was in fair condition. so it is said, until a pessimistic sumor caused run which forced it to close for readjustment.