21128. Bank of Commerce (Fort Worth, TX)

Bank Information

Episode Type
Suspension → Closure
Bank Type
state
Start Date
September 6, 1905
Location
Fort Worth, Texas (32.725, -97.321)

Metadata

Model
gpt-5-mini
Short Digest
ab1c5c3d

Response Measures

None

Description

Contemporary reports (multiple papers) state the Bank of Commerce voluntarily closed its doors Sept. 6–7, 1905, 'pending action of creditors' and 'went into the hands of its creditors.' The suspension is attributed to the closing of the Denver Savings Bank and related Imboden/Hill complications (exposure via collateral). No run is described in the articles; the bank appears to have been placed into creditor control (effectively closure).

Events (1)
1. September 6, 1905 Suspension
Cause
Correspondent
Cause Details
Voluntary suspension/closing triggered by the recent closing of the Denver Savings Bank and related Imboden/Hill chain exposures; heavy collateral ties to Denver Savings (about $90,000) reduced available funds to about $10,000 and led to creditor action.
Newspaper Excerpt
Fort Worth, Sept. 6.-Bank of Commerce, as result of complications with Imboden banks over the country, did not open Wednesday.
Source
newspapers

Newspaper Articles (5)
1. September 7, 1905 Bryan Morning Eagle Bryan, TX
Article from Bryan Morning Eagle, September 7, 1905

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Article Text

DOORS CLOSED. Fort Worth Bank of Contrierce Transacts No Business. Fort Worth, Sept. 6.-Bank of Commerce, as result of complications with Imboden banks over the country, did not open Wednesday. Teller Wall says immediate cause was suspension of Denver Savings bank.

2. September 7, 1905 Arizona Republican Phoenix, AZ
Article from Arizona Republican, September 7, 1905

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Article Text

SMALL TEXAS FAILURE. The Closing of a Bank With a Pretentious Name. o Fort Worth, Texas, Sept. 6.-The Bank of Commerce a private institution doing a small business, voluntarily closed its doors today pending action of the creditors. The bank claimed a paid capital of $100,000. It is stated by employes of the bank that the present suspension is largely due to the recent closing of the doors of a Denver, Colo., ank. President R. E. Maddox of the bank was seen tonight. He said the institution is owned by Leonard Imboden and J. A. Hill of Enid, Okla. To the depositors of the bank he said was due about $9,000 which constituted the principal indebtedness. It was the opinion of the bank employes ne said that the assets would about balance liabilities.

3. September 7, 1905 The Daily Sentinel Grand Junction, CO
Article from The Daily Sentinel, September 7, 1905

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Article Text

Closed Doors [Special to The Sentinel.] Fort Worth, Tex., Sept. 7.-The Bank of Commerce, of this city voluntarily closed its doors yesterday and went intto the hands of its creditors. This bank is one of the chain of institutions in Texas, Oklahoma and Indian Territory, controlled by the Hill and Imboden crowd that was responsible for the failures of the Western and the Denver Savings banks of Denver. Among the collateral held by the Denver Savings bank was $90,000 worth of paper issued by the Bank of Commerce of Fort Worth. The suspension of the Bank of Commerce is due to the closing of the Denver Savings bank. It is said that it has only $10,000 in available funds and no charter.

4. September 7, 1905 The Salt Lake Herald Salt Lake City, UT
Article from The Salt Lake Herald, September 7, 1905

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Article Text

TEXAS BANK CLOSED. Fort Worth, Tex., Sept. 6.-The Bank of Commerce, a private institution, doing a small business, voluntarily closed its doors today, pending the action of creditors. The bank claimed a paid capital of $100,000. It is stated by employes of the bank that the present suspension is largely due to the recent closing of the doors of a Denver (Colo.) bank.

5. September 7, 1905 Palestine Daily Herald Palestine, TX
Article from Palestine Daily Herald, September 7, 1905

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Article Text

DOORS CLOSED. Fort Worth Bank of Commerce Trans. acts No Business. Fort Worth, Sept. 7.-Bank of Commerce, as result of complications with Imboden banks over the country, did not open Wednesday. Teller Wall says immediate cause was suspension 01 Denver Savings bank.