21077. Guaranty State Bank (Copperas Cove, TX)

Bank Information

Episode Type
Suspension → Closure
Bank Type
state
Start Date
May 1, 1926*
Location
Copperas Cove, Texas (31.124, -97.903)

Metadata

Model
gpt-5-mini
Short Digest
7a718cb1

Response Measures

None

Description

The bank had closed its doors in May, 1926 (Article 5) and in April 1927 the state filed suit and a receiver was appointed. No run is described in the articles; this is a suspension/closure followed by receivership due to insolvency (liabilities far exceed assets).

Events (2)
1. May 1, 1926* Suspension
Cause
Bank Specific Adverse Info
Cause Details
Bank closed its doors May 1926; petition alleges assets $3,168.10 vs liabilities $32,875.34, indicating insolvency.
Newspaper Excerpt
this bank having closed its doors in May, 1926, and having an alleged liability of $32,875 with assets amounting to only $3,168.10.
Source
newspapers
2. April 12, 1927 Receivership
Newspaper Excerpt
Roy L. Walker of Lampasas was named Tuesday afternoon as receiver for the Guaranty State bank of Copperas Cove by Judge George Calhoun of the 53rd district court following filing of a suit by the state asking for the appointment of a receiver for the institution.
Source
newspapers

Newspaper Articles (6)
1. April 12, 1927 Austin American-Statesman Austin, TX
Article from Austin American-Statesman, April 12, 1927

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Article Text

In Courts Public Records FIFTY THIRD DISTRICT COURT. Judge George The State Texas al., trespass to try title, on R. trial Blaffer. before Hundley Marrs company vs. A. C. Ma. tern, The State Texas ys. Guaranty State Bank Copperas Texas, of receiver and Roy L. Walker appointed receiver Mrs. Ida Ross Powell vs. Joe C. Powell, CRIMINAL DISTRICT COURT. Judge James The Travis county jury reconvened this forenoon after taking recess since last Friday. COUNTY COURT Judge George Matthews cases are scheduled for trial in the court this week. PROBATE COURT. Judge Matthews Will of Deltah Lee Litton admitted to probate. MARRIAGE LICENSES ISSUED Fred Malone, County Clerk. Garrett Piper Alma Reed. N. H. Rao and Lillian C. Wilkerson. Williams, Tax Collector. Mrs. Martin, Austin, Essex. Ford AustinM attress Co., Austin, Lee Ford. Stiles, Austin, Ford. REALTY DEEDS RECORDED Fred Malone, County Clerk. Wortham and and wife, and the east lot in Ideal Place: consideration, Johns, et to Mrs. Isabella H. Roberts, lot 127, city of Austin: John to Johns, 1-3 interest block wife to Realty Home Building 100 Enfield Austin Harry Lott and wife Bawcom. feet of the north 53 feet block 88, Austin: consideration, $2500.

2. April 12, 1927 Austin American-Statesman Austin, TX
Article from Austin American-Statesman, April 12, 1927

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Article Text

Cousins at the request of R. L. Daniel, state commissioner of inorganizations and surety and trust companies, required to file security bonds, are affected by the ruling. BANK RECEIVER Roy L. Walker of Lampasas was named early Tuesday afternoon as receiver for the Guaranty State bank of Copperas Cove by Judge George Calhoun of the 53rd district court following filing suit by the state asking for the appointment of a receiver for the institution.

3. April 12, 1927 Austin American-Statesman Austin, TX
Article from Austin American-Statesman, April 12, 1927

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Article Text

In Courts Public Records FIFTY THIRD DISTRICT COURT. Judge George The State Texas R. to try title, on trial before the court. Hundley Marrs company vs. A. C. MaThe State of Texas vs. Guaranty State Bank of Copperas ment receiver and Roy L. Walker appoint- apMrs. Ida Ross receiver. Powell vs. Joe C. Powell, divorce. CRIMINAL DISTRICT COURT. Judge James R. Hamilton. The Travis county grand jury reconthis after taking recess since last Friday. COUNTY COURT. Judge Matthews. Criminal cases are scheduled for trial in the county court this week. PROBATE COURT. Judge Will of Deltah Lee Litton admitted MARRIAGE LICENSES ISSUED. Fred Malone, County Clerk. Piper Alma Reed. N. H. Rao and Lillian C. Williams, Tax Collector. Mrs. Martin, Austin, Essex. Ford. AustinM attress Co., Austin, Ford. Hamilton, Austin, Pontiac. W. E. Stiles, Austin, Ford. REALTY DEEDS RECORDED. Fred Malone, County Clerk. T. Wortham and wife D. Miller and wife, lot the east of in Ideal Place: consider$3400. ation, R. Johns, et al to Mrs. Isabella H. Roberts, block 127, city Austin: consideration, John A. Brackenridge, $1500. et al. to R. Johns, undivided interest block 127 G. Gilbert Austin: and wife to Enfield $1500. Realty Building lot Enfield Austin company, Harry wife Bawcom, south feet north 53 block 88, Austin: $2500.

4. April 12, 1927 Austin American-Statesman Austin, TX
Article from Austin American-Statesman, April 12, 1927

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Article Text

BANK RECEIVER Roy L. Walker of Lampasas was named Tuesday afternoon as receiver for the Guaranty State bank of Copperas Cove by Judge George Calhoun of the 53rd district court following filing of a suit by the state asking for the appointment of a receiver for the institution.

5. April 13, 1927 The Austin American Austin, TX
Article from The Austin American, April 13, 1927

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Article Text

BANK RECEIVER Lampasas Man Named by Austin Court for Copperas Cove Bank. Roy L. Walker of Lampasas was appointed receiver for the Guaranty State bank of Copperas Cove by Judge George Calhoun in the 53rd judicial district court Tuesday on the application of Claude Pollard, attorney general, representing the state of Texas Hearing was set for May petition was filed Tuesday by Judge Pollard that receiver be appointed for Guaranty State bank at Copperas Cove, this bank having closed its doors in May, 1926, and having an alleged liability of $32,875 with assets amounting to only $3,168.10. the petition alleged. REPRESENTS ST. EDWARD'S Elmore Borchers was chosen Tuesday night to represent St. Edward's university in coming oratorical contests in the state. Judges for the contest which Borchers won were the Rev. Michael Quinlan, CSC, the Rev William Cartwright, CSP, and Meredith Posey. MOLASSES RATE POSTED New emergency freight rates on sugar and molasses shipments in Texas, effective immediately, were posted Tuesday by the railroad commission, which adopted a schedule agreed upon by complainants. intervenors and respondent carriers.

6. April 13, 1927 Fort Worth Star-Telegram Fort Worth, TX
Article from Fort Worth Star-Telegram, April 13, 1927

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Article Text

COPPERAS COVE BANK RECEIVER IS ASKED AUSTIN. April 12.-A receiver for the Guaranty State Bank at Copperas Cove is sought in a suit filed for the State by Attorney General Claude Pollard in District Court here TuesDespite the filing of a disposition to dissolve. the bank has "wholly failed and refused to pay all sums due depositors and creditors.' discoverable within six months after date of filing. the petition alleges. Assets are given only $3,168.10 and liabilities as $32,875.34 Veteran, 83, Is Dead. TROUP. April 11.-W. C. Moore. 83 years old. Confederate veteran. died the home of his daughter. Mrs. John Lanham, eight miles east of here. One daughter and two sons survive.