First State Bank - Kingsville, TX

Bank Information

Episode Type: Suspension → Closure
Bank Type: state
Start Date: October 15, 1931
Location: Kingsville, Texas (27.516, -97.856)

Metadata

Model: gpt-5-mini
Short Digest: bcf32086

Response Measures

None

Description

Article (Evening Star, 1931-10-15) reports the First State Bank at Kingsville failed to open for business yesterday. No reopening is mentioned; the bank closed (suspended) and the piece treats this as a failure/closure in the context of two affiliated banks. The immediate motive given is to prevent a threatened run, but the text does not describe a discrete prior depositor run or a specific misinformation event, so cause is coded as other/unknown rather than 'rumor_or_misinformation' or 'bank_specific_adverse_info'.

Events (1)

1. October 15, 1931 Suspension

Cause Details: Failed to open (closed) reportedly to prevent a threatened run; article does not specify a concrete trigger beyond affiliation/contagion with the other bank.
Newspaper Excerpt: Two affiliated South Texas banking institutions... failed to open for business yesterday. ... closing yesterday of the First State Bank at Kingsville, a member bank, was responsible for the prospective withdrawal of deposits at the Texas State Bank & Trust Co.
Source: newspapers

Newspaper Articles (1)

1. October 15, 1931 Evening Star Washington, DC

Article from Evening Star, October 15, 1931

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Article Text

TWO TEXAS BANKS FAIL Corpus Christi and Kingsville Institutions Were Affiliated. CORPUS CHRISTI, Tex., October 15 (P).-Two affiliated South Texas banking institutions, one at Corpus Christi, the other at Kingsville, failed to open for business yesterday. The Texas State Bank & Trust Co. of Corpus Christi, with approximately $300,000 on deposit, closed to prevent a threatened run. Bank officials said. closing yesterday of the First State Bank at Kingsville, a member bank, was responsible for the prospective withdrawal of deposits at the Texas State Bank & Trust Co. The Kingsville Bank was capitalized for $65,000 and had about $440,000 on deposit. The Corpus Christi bank was capitalized for $150,000.