West Texas Bank & Trust Company

Bank Information

Episode Type: Suspension → Closure
Bank Type: trust company
Start Date: April 7, 1916
Location: San Antonio, Texas (29.424, -98.494)

Metadata

Model: gpt-5-mini
Short Digest: 91466354

Response Measures

None

Description

Multiple newspapers (Apr 7–15, 1916) report the West Texas Bank & Trust Company will not open its doors by order of the State Bank Commissioner. Later (May 3, 1916) reporting shows receivership/injunction proceedings underway. No article describes a depositor run prior to suspension; the suspension was by regulatory action and receiver application followed, indicating permanent closure/receivership.

Events (2)

1. April 7, 1916 Suspension

Cause: Government Action
Cause Details: State Bank Commissioner Patterson, after meeting clearinghouse officers, issued an order that the bank will not open its doors.
Newspaper Excerpt: Texas Bank Suspends. San Antonio, Tex.-The West Tex. as Bank and Trust Company, with deposits, according to its last official report, close to $2,000,000, will not open its doors. State Bank Commissioner Patterson, after meeting with the officers of the clearing house, issued the order.
Source: newspapers

2. May 3, 1916 Receivership

Newspaper Excerpt: The depositors in the West Texas Bank of San Antonio did not receive their deposits on May 1, as announced by John S. Patterson, commissioner of banking and insurance. Application for a receiver for an injunction restraining the payments of any depositor was filed Saturday and Judge Tayloe granted a temporary restraining order and set the hearing for Wednesday morning.
Source: newspapers

Newspaper Articles (4)

1. April 7, 1916 The Pulaskian Little Rock, AR

Article from The Pulaskian, April 7, 1916

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Article Text

Texas Bank Suspends. San Antonio, Tex.-The West Tex. as Bank and Trust Company, with deposits, according to its last official report, close to $2,000,000, will not open its doors. State Bank Commissioner Patterson, after meeting with the offlcers of the clearing house, issued the order.

2. April 11, 1916 The Spectator Ozark, AR

Article from The Spectator, April 11, 1916

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Article Text

Texas Bank Suspends. San Antonio, Tex.-The West Tex. as Bank and Trust Company, with deposits, according to its last official report, close to $2,000,000, will not open its doors. State Bank Commissioner Patterson, after meeting with the offtcers of the clearing house, issued the order.

3. April 15, 1916 The Harrison Times Harrison, AR

Article from The Harrison Times, April 15, 1916

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Article Text

Texas Bank Suspends. San Antonio, Tex.-The West Tex. as Bank and Trust Company, with deposits, according to its last official report, close to $2,000,000, will not open its doors. State Bank Commissioner Patterson, after meeting with the offlcers of the clearing house, issued the order.

4. May 3, 1916 Brownsville Herald Brownsville, TX

Article from Brownsville Herald, May 3, 1916

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Article Text

B Depositors Will Get Payment Today (Special to The Herald.) ANTONIO, Texas. May 3.+The depositors in the West Texas Bank of San Antonio did not receivé their deposits on May 1, as announced by John S. Patter son, commissioner of banking and insur ancé. Application for a receiver for an injunction restraining the payments of any depositor was filed Saturday and Judge Tayloe granted a temporary restraining order and set the hering for Wednesday morning. The act providing for-a state guaranty fund is also attached and held unconsti tutional. There hs been a great deal of unpleasant talk concerning the failure of this bank. It has wrought. a great hard ship upon its patrons. and besides has given San Antonio # black mark which will take some time to erase: