Article Text
BROWNWOOD BANK CLOSES Press.) BROWNWOOD. Texas, Oct. 6.The citizens' National bank closed its doors today blaming an unexpected withdrawal of deposits as for closing. Officers hope to reopen the bank tomorrow
21054. Citizens National Bank (Brownwood, TX)
Bank Information
- Episode Type
- Run → Suspension → Reopening
- Bank Type
- national
- Bank ID
- 8312
- Charter Number
- 8312
- Start Date
- October 6, 1931
- Location
- Brownwood, Texas (31.712, -98.976)
Metadata
- Model
- gpt-5-mini
- Short Digest
463629a3
Response Measures
Full suspension
Other: Closure attributed to unexpected withdrawal of deposits; officers hoped to reopen next day.
Description
Short notice Oct 6, 1931 report: unexpected withdrawals (a run) caused the bank to 'close its doors' but officers hoped to reopen the next day. Classification: run led to suspension with intent to reopen.
Events (4)
1.
July 25, 1906
Chartered
- Source
- historical_nic
2.
October 6, 1931
Run
- Cause Details
- Unexpected heavy withdrawals of deposits (unnamed trigger/routine panic), article does not specify rumors or bank-specific scandal.
- Measures
- Bank closed doors temporarily; officers expressed hope to reopen the next day.
- Newspaper Excerpt
- The citizens' National bank closed its doors today blaming an unexpected withdrawal of deposits as for closing.
- Source
- newspapers
3.
October 6, 1931
Suspension
- Cause Details
- Bank suspended payments/closed due to heavy unexpected withdrawals; temporary closure intended to allow reopening.
- Newspaper Excerpt
- The citizens' National bank closed its doors today blaming an unexpected withdrawal of deposits as for closing. Officers hope to reopen the bank tomorrow
- Source
- newspapers
4.
March 15, 1932
Voluntary Liquidation
- Source
- historical_nic
Newspaper Articles (1)
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