Commonwealth Bank & Trust Company

Bank Information

Episode Type: Run → Suspension → Closure
Bank Type: trust company
Start Date: October 5, 1931
Location: San Antonio, Texas (29.424, -98.494)

Metadata

Model: gpt-5-mini
Short Digest: b1e72095

Response Measures

Full suspension

Other: State banking commissioner closed the bank and placed H. Wooten in charge (receiver). OCR corrected minor typos in quote.

Description

Article (The Shreveport Journal, 1931-10-06) reports a depositor run on the Commonwealth Bank & Trust Co. (occurred yesterday) and that the State Banking Commissioner ordered the bank closed and placed H. Wooten in charge. Closure is by state action (receiver). The immediate cause of the run is not specified in the article.

Events (3)

1. October 5, 1931 Run

Cause Details: Article states depositors ran on the bank but gives no explicit trigger or rumor; bank said to be in good condition.
Newspaper Excerpt: Shaw announced run on the bank by depositors yesterday
Source: newspapers

2. October 6, 1931 Receivership

Newspaper Excerpt: H. Wooten of the state banking department ... is in charge, Shaw announced ... assigned as the closing
Source: newspapers

3. October 6, 1931 Suspension

Cause: Government Action
Cause Details: State Banking Commissioner ordered the bank closed and placed H. Wooten of the state banking department in charge.
Newspaper Excerpt: State Banking Commissioner James Shaw today announced the closing of the Commonwealth Bank & Trust Co. of San Antonio. H. Wooten ... is in charge
Source: newspapers

Newspaper Articles (1)

1. October 6, 1931 The Shreveport Journal Shreveport, LA

Article from The Shreveport Journal, October 6, 1931

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Article Text

SAN ANTONIO BANK IS ORDERED CLOSED AUSTIN, Oct 6.-State Banking Commissioner James Shaw today announced the closing of the Commonwealth Bank & Trust Co. of San Antonio. H. Wooten of the state banking department who took the City Central Bank & Trust Co. last week, is in charge, Shaw announced run on the bank by depositors yesterday assigned as the closing The bank was in good condition,' said