Toyah Valley Bank - Balmorhea, TX

Bank Information

Episode Type: Suspension → Closure
Bank Type: state
Start Date: *
Location: Balmorhea, Texas (30.984, -103.745)

Metadata

Model: gpt-5-mini
Short Digest: 15892d0f

Response Measures

None

Description

Article (Durant Weekly News, 1916-08-18) states R. H. King bought and later sold an interest in the Toyah Valley bank of Balmorhea; two years after the bank suspended. OCR shows 'Malmorhea' which is corrected to Balmorhea. No run is mentioned, no reopening is described, and the bank's suspension appears to be permanent (judgments rendered). No explicit cause or receivership date given in the article.

Events (1)

1. * Suspension

Cause Details: Article notes the bank suspended two years after King sold his interest but gives no reason for the suspension or date; cause not specified in text.
Newspaper Excerpt: two years after the bank suspended.
Source: newspapers

Newspaper Articles (1)

1. August 18, 1916 Durant Weekly News Durant, OK

Article from Durant Weekly News, August 18, 1916

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Article Text

# BANKRUPT HAS ASSETS OF $100; OWES $20,000 R. H. King of Whitewright, Texas, has filed a voluntary petition in bankruptcy in the United States Court at Sherman, Texas. The petition has a number of unusual features. Mr. King is a well known young man of the eastern part of Grayson County. Some years ago he went to Balmorhea, Texas, where he purchased an interest in the Toyah Valley bank of Malmorhea. Later he sold his interest and two years after the bank suspended. It developed that Mr. King had not notified the stockholders of the bank that he had sold his interest, and several judgments were rendered against him growing out of the failure of the Balmorhea bank. In the list of liabilities is given something like $20,000 besides several pages of creditors, the amount of whose claims are not known to the petitioner. In a statement accompanying the petition, Mr. King explains his connection with het bank referred to and gives as his reason for not being able to better list the claims that he had not been connected with the bank for two years and was not therefore familiar with its business affairs. The petitioner gives hsi assets at $100.