21267. Union Trust Company (San Antonio, TX)

Bank Information

Episode Type
Suspension → Closure
Bank Type
trust company
Start Date
January 10, 1910
Location
San Antonio, Texas (29.424, -98.494)

Metadata

Model
gpt-5-mini
Short Digest
645b2ba3

Response Measures

None

Description

Multiple articles (Jan 10–11, 1910) state the Union Trust Company of San Antonio suspended following a suit by the Texas attorney general to cancel its charter for 'unuse.' A receiver (Thomas H. Davis) was appointed and attorneys confessed insolvency. No run or depositor panic is mentioned; suspension led to receivership (permanent closure).

Events (2)
1. January 10, 1910 Receivership
Newspaper Excerpt
Thomas H. Davis of Austin has been appointed receiver; insolvency is confessed by the attorneys for the company.
Source
newspapers
2. January 10, 1910 Suspension
Cause
Government Action
Cause Details
Suspended after attorney general filed suit to cancel its charter for 'unuse' under state law (charter from 1871 not renewed).
Newspaper Excerpt
The Union Trust company of this city with nine branches in various parts of Texas, suspended today following the filing of a suit by the attorney general to cancel its charter for 'unuse.'
Source
newspapers

Newspaper Articles (4)
1. January 11, 1910 Albuquerque Morning Journal Albuquerque, NM
Article from Albuquerque Morning Journal, January 11, 1910

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Article Text

RECEIVER IN CHARGE OF TEXAS TRUST COMPANY San Antonio, Tex., Jan. 10.The Union Trust company of this city with nine branches in various parts of Texas, suspended today following the filing of a suit by the attorney general to cancel its charter for "unuse." The charter was taken out in 1871 and had not been renewed under the state laws. Thomas H. Davis of Austin has been appointed receiver,

2. January 11, 1910 The Sentinel=record Hot Springs, AR
Article from The Sentinel=record, January 11, 1910

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Article Text

BANK DEFUNCT. Insolvency Is Confessed by Attorneys of the Company. San Antonio, Texas, Jan. 10.-The Union Trust Company of this city, with nine branches in various parts of Texas, suspended today, following the filing of a suit at Austin by the attorney general to cancel its charer for "unuse." The charter was taken out in 1871 and had not been renewed under the new state law. Insolvency was also confessed by the attorneys for the company. It is expected that all depositors will be paid in full. The deposits total $225.443; the capital stock is $200,00; the amount paid in $100,000; estimated assets $260,000. Thomas H. Davis of Austin has been appointed reieiver.

3. January 11, 1910 Bryan Daily Eagle and Pilot Bryan, TX
Article from Bryan Daily Eagle and Pilot, January 11, 1910

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Article Text

The Union Trust Company, of San Antonio, has been placed in the hands of a receiver.

4. January 11, 1910 El Paso Herald El Paso, TX
Article from El Paso Herald, January 11, 1910

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Article Text

Trust Company Suspends. San Antonio, Tex., Jan. 11.-Following the filing of a suit by the attorney general to cancel its charter for unuse, the Union Trust company, of this city, with nine branches in various parts of the state, suspended.