First State Bank - Slaton, TX

Bank Information

Episode Type: Suspension → Closure
Bank Type: state
Start Date: September 21, 1931
Location: Slaton, Texas (33.437, -101.643)

Metadata

Model: gpt-5-mini
Short Digest: 342cd114

Response Measures

None

Description

Article states Slaton State Bank suspended operations Sept. 21, 1931 and was 'in the hands of Examiner' (government involvement). No run is described. By Jan 1932 both local banks remain closed and plans were underway to reorganize them into one institution; outcome of reorganization not reported here. Classified as suspension leading to closure/receiver involvement.

Events (1)

1. September 21, 1931 Suspension

Cause: Government Action
Cause Details: Bank suspended operations and was placed 'in the hands of Examiner' for protection of depositors, indicating official intervention/closure.
Newspaper Excerpt: The Slaton State bank suspended operations Sept. 21. 1931.
Source: newspapers

Newspaper Articles (1)

1. January 29, 1932 Lubbock Avalanche-Journal Lubbock, TX

Article from Lubbock Avalanche-Journal, January 29, 1932

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Article Text

Slaton Planning For A New Bank ton business men Thursday were at work on plans to reorganize their two closed banks into one strong financial institution. The First State bank, oldest of two financial institutions doing business in Slaton over a period of recent years, did not open its doors Thursday. A sign prominently posted read: "Closed and in the hands of Examiner for the protection of depositors.' The Slaton State bank suspended operations Sept. 21. 1931. The First State's January statement showed deposits of approximately $75,000, Mayor T. M. George said today. The Mayor also reported that re-organization plans were well under way. John Brewer was president of the First State and R. J. Murray of the Slaton State.