City Bank - Sherman, TX

Bank Information

Episode Type: Suspension → Closure
Bank Type: state
Start Date: March 8, 1899
Location: Sherman, Texas (33.636, -96.609)

Metadata

Model: gpt-5-mini
Short Digest: a23c7366

Response Measures

None

Description

Article (El Paso Daily Herald, 1899-03-08) reports the bank in receivership (Receiver Thornton) and that stockholders selected an agent to take charge of the bank's property; indebtedness paid in full. No mention of a depositor run; action involves a receiver and liquidation-like handling, so classified as suspension leading to closure/receivership.

Events (2)

1. March 8, 1899 Receivership

Newspaper Excerpt: Receiver Thornton will be relieved when the bond of W. E. Brown is approved by the comptroller of currency. The entire indebtedness of the bank has been paid with 6 per cent interest without an assessment on the stock.
Source: newspapers

2. March 8, 1899 Suspension

Cause: Government Action
Cause Details: Bank placed in receivership (Receiver Thornton) and under supervision of comptroller; stockholders appoint agent to take charge of bank property.
Newspaper Excerpt: The stockholders of the Gatesville National bank have selected W. E. Brown as agent to take charge of the property of the bank. Receiver Thornton will be relieved when the bond of W. E. Brown is approved by the comptroller of currency.
Source: newspapers

Newspaper Articles (1)

1. March 8, 1899 El Paso Daily Herald El Paso, TX

Article from El Paso Daily Herald, March 8, 1899

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Article Text

was found this morning in a residence house that is being built in Brownville. The child was left in the house some time last night and found this morning by & workman ou the building when he went to his work.-Ex. The Daily Reporter, an afternoon publication, was launched upon Bonham's journalistic sea today. J. C. Pitchford is editor and proprietor. It is 8 five-column paper and is full of local news. This makes the second daily and the eighth publication for Bonham.-Exchange Representatives from eleven fraternal organizations of Gainesville composed of 1580 members. met today to formulate an organized opposition to the bill before the legislature taxing all fraternal orders doing business in the state 4 per cent on their gross receipts.-Fort Worth Register. Saturday afternoon W. E. Allen, a farmer living near Sharrock's gin, twelve miles southesst of Ardmore, came to town with his two sons, aged 6 and 8 years, in search of a madstone. Thursday while the boys were playing with their dog both were bitten on the hand by the animal.-Ft. Worth MailTelegram. There was an attempt to rob the postoffice at Cumberland, I. T., thirtyfive miles northwest of Denison. A young man employed in the postoffice at Cumberland was passing by and saw three men breaking into the building. They took fright when he gave the alarm and left without securing any booty.-Dallas News. J. E. Brock's little 12-year-old daughter, Gabie, of Goipvine, was burned to death Friday evening. She with her two little sisters were burning stalks and her dress csught fire. Despite the effort of her sister her clothing was all burned off. Susie, her older sister, was badly burned in trying to save her.-Dallas News. The stockholders of the Gatesville National bank have selected W. E. Brown as agent to take charge of the property of the bank. Receiver Thornton will be relieved when the bond of W. E. Brown is approved by the comptroller of currency. The entire indebtedness of the bank has been paid with 6 per cent interest without an assessment on the stock.-Dallas News. Mr. J.P. Withers of Kansas City, chief promoter of the Grayson County National bank, has purchased the vault and fixtures of the City bank of Sherman, which closed its business some time since. The vault and fixtures will be moved to the building at the northeast corner of court plaza in course of preparation for use by the Grayson National.-Dallas News. Messrs. Murphy and Brown. two young men of Waco, and who are the owners and lessees of the Merganthaler typesetting machines, have purchased a half interest in the Mail-Telegram