7065c56c5a2cb943Full suspension, Books examined
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Texas Bank Fails to Open. Ranger, Tex., Feb. 18.-The First National bank of Ranger did not open today and officials said the institution would be taken over by a federal bank examiner. Suspension is the result of failure to realize on loans and a "run" yesterday, officers said, adding that the bank is solvent. In its last report the bank had deposits of $1,500,000 and assets of near' $3,000,000.
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Eat Prunes Bank Is Closed Ranger, Texas, Feb. 18.-The First National bank of Ranger did not open today and officials said the institution would be taken over by a federal bank examiner. Suspension is the result of failure to realize on loans and a "run" yesterday, officers said, adding that the bank is solvent. In its report the bank had deposits of $1,500,000 and assets of nearly $3,000,000.
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TEXAS BANK CLOSED. Ranger Texas. Feb. 18.-The Fir:* National bank of Ranger was closed today and officials said the institution would be taken over by a federal bank examiner. Suspension is the result of failure to realize on loans and a "run" yesterday, officers said, addin that the bank is solvent. In its in report the bank had deposits of $1,500,000 and assets of nearly $3,000,000.
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BANK IN TEXAS SUSPENDS. RANGER. Texas, Feb. 18.-The First National Bank of Ranger did not open to-day. and officials said that the institution would be taken over by a Federal wank examiner. Suspension is the insult of failure to realize on loans and yesterday's run on the bank. its officers said. They declared that the bank was solvent. In its last report it had deposits of $1,500,000 and assets of nearly 3.000.000.
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TEXAS BANK CLOSED. RANGER Tex., Feb. 19. - The First National Bank of Ranger failed to open today and officials said it has been taken over by the Federal Bank Examiner. The suspension was the result of failure to realize on loans and a run yesterGay. Deposits were $1,500,000 according to the last statement.
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TEXAS DEPOSITORS CAUSE BANK TO QUIT BUSINESS RANGER, Texas, Feb. 19 -The First National Bank of Ranger, with deposits aggregating half a million dollars, failed to open its doors yesterday and steps have been taken to turn the institution over to the federal bank examiner for an adjustment of its affairs. Reports of financial difficulties, circulated earlier in the week, resulted in a run on the bank on Thursday and there was not sufficient cash on hand to weather the storm. The cause of the bank's trouble, according to officials of the institution, was inability to realize on loans.
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Texs Bank Closed Ranger. Tex., Feb. 18.-The First National bank of Ranger did not open today and officials said the institution would be taken over by a federal bank examiner. Suspension is the result of failure to realize on loans and a "run" yesterday, officers said, adding. that the bank is solvent. In its last report the bank had deposits of $1,500,000. and assets of nearly $3,000,000.
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U. S. Examiner for Texas Bank That Closed Doors After Run RANGER, Tex., Feb. 18.-The First National Bank of Ranger did not open to-day, and officials said the institution would be taken over by a Federal bank examiner, Suspension is the result of failure to rea i 13 and a un on the bank yesterday, officers said. They declared the bank is solvent. In its last report the bank had deposits of $1,500,000 and assets of nearly $3.000,000.
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Texas Bank in Trouble. Ranger, Texas.-The First National Bank of Ranger did not open. and officlais said the institution would be taken over by a Federal bank examiner. Suspension is the result of failure to realize on loans and a run on the bank, officers said. They declared the bank is solvent. In its last report the bank had deposits of $1,500,000 and assets of nearly $3,000,000.
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Monday FIRST BANK OF RANGER CLOSES ITS DOORS RANMER, Texas, Feb. 21.-The st National bank of Ranger failI to open its doors today. Officials id the federal bank examiner had ten over the suspension as a reof the failure to realize on loan hich started a run on the bank. De osits were a million and a half.
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DEFENDANTS WIN BANK CASE AFTER FIVE YEAR FIGHT Texas, 10. Five years' through several courts ended Wednesday night when a district jury here returned verdict for the defunct Ranger First National Bank and Its receiver, R. B. Caldwell, defendants in case Involving more than $10,000 alleged to have been placed in the bank on special deposit. Suit was brought by W. W. Price. V. A. Noble, C. S. Wick and H. Devaux, promoters of the Guaranty and State Bank of Ellasville, Young county, which they attempted to organize in 1920. The receiver alleged that the four were professional bank promoters and that they had collected $22,000 in notes and $13,000 in cash from farmers about Ellasville to open the Ellasville bank. The promoters claimed they deposited the money in the Ranger bank as trust fund until $60,000 cash, required for the new bank's charter, had been obtained. The Ellasville bank never opened as the Ranger bank closed with the former's funds It was proven yesterday that the money was checking account and that the Ellasville promoters had drawn on the funds. It was also shown that the promoters lost nothing and that the losers were farmers, some of whom were to have been directors of the Ellasville bank.