21066. Guaranty State Bank (Cleburne, TX)

Bank Information

Episode Type
Run → Suspension → Unsure
Bank Type
state
Start Date
April 1, 1923*
Location
Cleburne, Texas (32.348, -97.387)

Metadata

Model
gpt-5-mini
Short Digest
37350db0

Response Measures

Full suspension, Books examined

Description

Articles report a two-week slow run that reduced deposits and led state bank examiner/commissioner to close the Guaranty State Bank on 1923-04-05 (newspapers dated 1923-04-06 say it was closed yesterday). The closure was by state authority; one article says the bank may reopen within a few days, so reopening is uncertain from these articles.

Events (2)
1. April 1, 1923* Run
Cause
Local Shock
Cause Details
Two-week slow run triggered by failure of two crops in Johnson County that drained over $400,000 of deposits
Measures
Depositors will be protected by the state guaranty fund (state protection mentioned)
Newspaper Excerpt
A two-week slow run, which reduced deposits more than $400,000, following failure of two crops in Johnson county, was responsible for the closing
Source
newspapers
2. April 5, 1923 Suspension
Cause
Government Action
Cause Details
Closed by State Bank Examiner after heavy withdrawals from the two-week run
Newspaper Excerpt
The Guaranty State Bank at Cleburne ... was closed yesterday by State Bank Examiner Wallace.
Source
newspapers

Newspaper Articles (2)
1. April 6, 1923 Evening Star Washington, DC
Article from Evening Star, April 6, 1923

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Article Text

BANK CLOSED AFTER RUN. AUSTIN, Tex., April 6.-The Guarany State Bank at Cleburne. with $100,000 capital stock and about $$50.000 deposits, was closed yesterday by State Bank Examiner Wallace. A two-week slow run, which reduced deposits more than $400.000. following failure of two crops in Jehn county, was responsible for the e' ing, it was declared, Deposit he protected by the state aund

2. April 6, 1923 The Birmingham Age-Herald Birmingham, AL
Article from The Birmingham Age-Herald, April 6, 1923

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Article Text

TEXAS BANK CLOSED Two Weeks Slow Run Fatal For F1nancial Institution AUSTIN, Tex., April b.-The Guaranty State bank, at Cleburn. Tex., with $100,000 capital stock and about $550,000 deposits, has been closed, Banking Commissioner J. D. Chapman announced tonight. A twoweeks' slow run, which reduced deposits more than $400,000, following failure of two crops in Johnson county, was responsible for the closing, Commissioner Chapman declared. The bank may reopen within a few days and depositors will be protected by the state guaranty fund, he added.