First State Bank - Polytechnic, TX

Bank Information

Episode Type: Suspension → Closure
Bank Type: state
Start Date: February 4, 1930
Location: Polytechnic, Texas (32.839, -97.279)

Metadata

Model: gpt-5-mini
Short Digest: a9ab9676

Response Measures

None

Description

OCR errors in the article. The piece (Fort Worth Record-Telegram, 1930-02-04) reports the First State Bank of Polytechnic 'closed' and a state banking examiner (Dillow) made an examination; a statement of condition was expected. There is no mention of a depositor run or reopening; the closure appears linked to a state examination/closure (government action). Date set to newspaper date. No receivership explicitly named in the text.

Events (1)

1. February 4, 1930 Suspension

Cause: Government Action
Cause Details: Closed and examined by state banking authorities; statement of condition to be issued after examination; closure appears to be by state action or following examiner's review.
Newspaper Excerpt: An announcement may be made today by the officers of the First State Bank of Polytechnic, which closed ... state banking ... examination ... statement of condition be expected within a couple of days.
Source: newspapers

Newspaper Articles (1)

1. February 4, 1930 Fort Worth Record-Telegram Fort Worth, TX

Article from Fort Worth Record-Telegram, February 4, 1930

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Article Text

Polytechnic Bank Word Due Today An announcement may be made today by the officers of the First State Bank of Polytechnic, which closed with the Texas tional Bank Saturday was stated last night by Dillow, president of the James Shaw, Austin. state banking terday to the condition of the announced last night that his examination has not been but that statement of condition be expected within a couple of days.