21255. Commercial National Bank (San Antonio, TX)

View Charter #12162 on SPMC

Bank Information

Episode Type
Suspension → Reopening
Bank Type
national
Bank ID
12162
Charter Number
12162
Start Date
July 31, 1933
Location
San Antonio, Texas (29.424, -98.494)

Metadata

Model
gpt-5-mini
Short Digest
7b9b2751

Response Measures

None

Receivership Details

Date receivership started
1934-01-31
Date receivership terminated
1934-10-16

Description

Articles (Aug 2–3, 1933) report Commercial National Bank of San Antonio was placed on restricted operation (partial suspension) after it was disclosed the bank purchased bonds later identified as stolen (paid $462,500). President D. Bonner resigned. Officials were preparing a plan to resume normal business and submit it to Washington, indicating intention to reopen. No depositor run is described.

Events (5)
1. April 8, 1922 Chartered
Source
historical_nic
2. July 31, 1933 Suspension
Cause
Bank Specific Adverse Info
Cause Details
Bank purchased government bonds later identified as stolen (paid $462,500), creating an incipient threat to reserves and prompting restricted operations and the president's resignation.
Newspaper Excerpt
The Commercial National Bank placed on restricted operation Monday when became public the purchased bonds had been identified those stolen in New York...
Source
newspapers
3. January 31, 1934 Receivership
Source
historical_nic
4. October 16, 1934 Restored To Solvency
Source
historical_nic
5. November 20, 1934 Voluntary Liquidation
Source
historical_nic

Newspaper Articles (2)
1. August 2, 1933 The Wichita Beacon Wichita, KS
Article from The Wichita Beacon, August 2, 1933

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Article Text

ACCUSE $500,000 Banker. Attorney Charged Receiving Stolen Property SAN ANTONIO, TEX., Aug. complaints were filed in justice court here today against D. Bonner, resigned president of the Commercial tional bank of San Antonio, and John H. Cunningham, prominent San Antonio attorney, in connection with the theft of $500,000 worth of government bonds from the Continental Bank and Trust of New company York. The men charged specifically with receiving and concealing stolen property. They named jointly with Harry Royster, San Antonio aviator, in conspiracy charge. Names of four others against whom charges were filed were withpending arrests. Decision file the charges reached last night conference between Walter Tynan, district torney, and bank officials, among them Ernest Baetz, vice president and conservator man, alleged have been the contact man in the transaction which were volved. said be under tection Texas Rangers after made ficers the He fear would be the spot' for his part the Tynan said eight would locally arising from the investicentered detectives followed chain leading to Boston, ChiKansas and Commercial bank placed on restricted operation Monday became public purchased bonds had been identified those stolen New York 29, 1932. An incipient run dangered the bank's reserves multaneously notice the bank's altered status came nouncement Bonner's resignaas reported the San Antonio paid for the stolen bonds, their face Officials of the bank have the bonds good and that they fight interest in them initiated by the New York stitution pointed out that whatever liability faces the matter the bonds, the San bank good condition Officials working plan for resumption normal which will submitted to Washington

2. August 3, 1933 Tyler Morning Telegraph Tyler, TX
Article from Tyler Morning Telegraph, August 3, 1933

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Article Text

PAGE reached last night conferbetween Walter Tynan, trict attorney, and bank officials, among them Ernest Baetz, vice president and conservator. alleged to have been the contact man in the transaction in which the stolen bonds volved, said to under tection of Texas rangers he reputedly made statement officers concerning the deal. He expressed fear he would be "put the for his part in the Tynan said probably eight sons in all would be named locally charges arising from the vestigation, which centered here detectives had followed chain of clues leading them to Boston, Chicago, Kansas City and St. Louis. The Commercial National Bank placed on restricted operation Monday when became public the purchased bonds had been identified those stolen in New York on Nov. 29, 1932. An cipient endangered the bank's reserves. Simultaneously notice the bank's altered status came announcement of Bonner's resignation president. It reported the San Antonio bank paid $462,500 for the stolen bonds, less than their face value. Officials of the bank have said the bonds purchased good faith and that they would fight retain interest them the of litigation expected to be initiated by the York institution. It was pointed out that whatliability faces in the ter of the bonds, the San Antonio bank is good condition. Officials working out for plan resumption of normal business which will be submitted to Washington. thousand banks not members expected cooperate by signing the modified agreement. Governor Eugene Black of the federal resrve board issued statement Wednesday night saying that the board Wednesday approved the action of those federal reserve banks which adopted the agreement. Blanketing of these two great groups follows the modified agreement covering the retail stores of the country with their 000,000 employes. In all three, Johnson has departed from the strict provisions of the blanket code forecast exclusively by the United Press. The printing industry Wednesday submitted code providing hour with minimum cents an hour for men and for except apprentices. The machinery created Wednesday for the cotton textile industry comprehensive up extendfrom the individual cotton mills to here. At the cotton textile national industrial relations board be appointed by Johnson. He will select one member himself and name the other from tions the cotton textile committee and the NRA labor advisory board respectively. Below board are state boards three members each, one from employers, one from labor, and the third to represent the public. Johnson also appoints these from nominations submitted by the national Committees are set up in individual factories, with equal representations to employer and labor. State boards assist in setting up these committees. These factory committees will take up once charges that some workers have been through the "stretch whereby the machine load increased. they reach an agreement, then their decision final, subject only to view by the national board hearing and final decision Tis procedure will be followed in all differences within the