21100. Denison Bank & Trust Company (Denison, TX)

Bank Information

Episode Type
Run → Suspension → Unsure
Bank Type
trust company
Start Date
July 15, 1921
Location
Denison, Texas (33.756, -96.537)

Metadata

Model
gpt-5-mini
Short Digest
0e6ccd9a

Response Measures

Full suspension, Books examined

Other: State bank examiner A. L. Slaughter took control; reorganization planned.

Description

Articles report withdrawal of deposits developing into a run on July 15, 1921; bank closed at 11 a.m. and the State Bank Examiner took control and announced reorganization plans. By July 16 the bank 'was unable to resume' and directors hoped to reopen soon — no definitive permanent closure or receivership is reported in these items, so outcome is uncertain.

Events (3)
1. July 15, 1921 Run
Cause Details
Sudden withdrawal of deposits developed into a run; articles do not attribute it to a specific rumor or bank-specific scandal.
Measures
Bank closed its doors at 11 A.M.; state bank examiner took control and announced plans for reorganization.
Newspaper Excerpt
Following withdrawal of deposits from the Denison Bank and Trust Company, which developed into a run, the bank closed its doors at 11 A. M. to-day.
Source
newspapers
2. July 15, 1921 Suspension
Cause
Government Action
Cause Details
Bank closed after run and the State Bank Examiner took control to formulate reorganization plans.
Newspaper Excerpt
Following withdrawal of deposits ... the bank closed its doors at 11 A. M. to-day. A. L. Slaughter of Austin, State Bank Examiner, took control
Source
newspapers
3. July 16, 1921 Other
Newspaper Excerpt
The Denison Bank & Trust Company which closed its doors Friday when withdrawal of deposits developed a run, was unable to resume business today. The president ... said the institution probably would reopen Tuesday and that the depositors would receive their money.
Source
newspapers

Newspaper Articles (4)
1. July 16, 1921 The New York Herald New York, NY
Article from The New York Herald, July 16, 1921

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Article Text

TEXAS BANK CLOSED. DENISON. Tex.. July 15.-Following withdrawal of deposits from the Denison Bank and Trust Company. which developed into a run, the bank closed its doors at 11 A. M. to-day. A. L. Slaughter of Austin, State Bank Examiner, took control and in a statement said plans for a complete reorganization of the institution were being formulated.

2. July 16, 1921 New-York Tribune New York, NY
Article from New-York Tribune, July 16, 1921

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Article Text

Run Closes Texas Bank DENISON, Tex., July 15.-Foliowing withdrawal of deposits from the Denison Bank and Trust Company, which developed into a run, the bank closed its doors at 11 a. m. to-day. A. L. Slaughter, of Austin, state bank examiner, took control and in a statement said plans for a complete reorganization of the institution were being formulated.

3. July 16, 1921 Brownsville Herald Brownsville, TX
Article from Brownsville Herald, July 16, 1921

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Article Text

DENISON BANK IS UNABLE TO RESUME AFTER FRIDAY RUN (By The Associated Press) DENISON, Texas, July 16-The Denison Bank & Trust Company which closed its doors Friday when withdrawal of deposits developed a run, was unable to resume business today. The president of the board of directors told a crowd partially blocking traffic near the bank today that the institution probably would reopen Tuesday and that the depositors would receive their money.

4. July 17, 1921 The Morning Tulsa Daily World Tulsa, OK
Article from The Morning Tulsa Daily World, July 17, 1921

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Article Text

Defunct Denison Bank May Resume Business DENISON Texas July 16.-The Denison Bank and Trust company, which closed its doors Friday when withdrawal of deposits developed into a run. did not resume business today. In a speech to the crowd which congregated around the institution. W. B. Munson, president of the board of directors, stated that all depositors would receive their money. He said the bank would probably be able to open Tuesday