Beeville Bank & Trust Company

Bank Information

Episode Type: Suspension → Closure
Bank Type: trust company
Start Date: November 12, 1931
Location: Beeville, Texas (28.401, -97.748)

Metadata

Model: gpt-5-mini
Short Digest: dec38e56

Response Measures

None

Description

Article says Beeville Bank and Trust Company closed its doors to protect the depositors on Nov. 12 and did not reopen; State Bank and Trust Company of Beeville opened Dec. 14 taking over assets and liabilities. The year for the Nov. 12 and Dec. 14 dates is inferred as 1931 based on the article's Feb 17, 1932 publication. No explicit description of a depositor 'run' is given, so cause is coded as 'other'.

Events (2)

1. November 12, 1931 Suspension

Cause Details: Closed its doors to protect the depositors on Nov. 12; article does not explicitly describe a run or insolvency.
Newspaper Excerpt: The State Bank and Trust Company of Beeville opened for business on Dec. 14, taking over the assets and liabilities of the closed Beeville Bank and Trust Company, which closed its doors to protect the depositors on Nov. 12.
Source: newspapers

2. December 14, 1931 Receivership

Newspaper Excerpt: The State Bank and Trust Company of Beeville opened for business on Dec. 14, taking over the assets and liabilities of the closed Beeville Bank and Trust Company, which closed its doors to protect the depositors on Nov. 12.
Source: newspapers

Newspaper Articles (1)

1. February 17, 1932 Victoria Advocate Victoria, TX

Article from Victoria Advocate, February 17, 1932

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Article Text

doors on Nov. 12 to protect depositors. Since that time the new bank plans have been under way, with their successful culmination Monday. V. E. Kessled is president. Galloway, vice president and Rennert, cashier. The bank of unincorporated, at Tynan, in the extreme southern portion of Bee County, the first of three banks to doors in Bee County due, largely, to the closing of other banks over this section, reopened for business Monday, also. This bank suspended business Oct. and has succeeded in working out its E. Montgomery is president, Off Steinmeyer, vice president, and Steinmeyer, cashier. The State Bank and Trust Company of Beeville opened for business on Dec. 14. taking over the assets and llabilities of the closed Beeville Bank and Trust Company, which closed its doors to protect the depositors on Nov. 12.