Citizens National Bank (Waxahachie, TX)

Episode Information

Episode UID
321201294
Episode Type
Suspension โ†’ Reopening
Bank Type
national
Bank ID
32120 national
Charter Number
3212
Start Date
October 28, 1907
Location
Waxahachie, Texas

Metadata

Model
gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
1b0517a5a00029be

Response Measures

None

Description

Articles describe temporary restricted payments/closures during the 1907 panic; reopening implied but not detailed for this specific bank.

Events (3)

1. June 25, 1884 Chartered
Source
historical_nic
2. October 28, 1907 Suspension
Cause
Correspondent
Cause Details
Banks in Kansas City and St. Louis refused to forward cash to southwest banks, prompting coordinated temporary closings/restricted payments in the region including northern Texas.
Newspaper Excerpt
Acting Governor Filson today issued a proclamation closing the banks of the territory for one week... closing is for the purpose of protecting the banks in case of a run.
Source
newspapers
3. March 16, 1931 Voluntary Liquidation
Source
historical_nic

Newspaper Articles (2)

Article from The Laramie Republican, October 28, 1907

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Article Text

Oklahoma Banks Close for Week. Oklahoma City, Okla., Oct. 28.-Acting Governor Filson today issued a proclamation closing the banks of the territory for one week, on demand of the bankers. This action was taken because the banks at Kansas City and St. Louis refused to forward cash to the banks of the southwest. Concerted Action Taken. It is said that a consultation of the bankers of Oklahoma, Indian territory, Arkansas and northern Texas by means of the telephone took place during the early hours today, and all have taken similar action. The closing is for the purpose of protecting the banks in case of a run.


Article from The Waxahachie Daily Light, December 16, 1912

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Article Text

The Financial Instituti of Greater Waxahac BY J. H. MILLER. President Waxahachie National Bi discuss the financial instituchecked out his entire of Waxahachie is to mention any time and he would axis around which revolves the been given cashier's cer interests of the community. script in lieu of currency banks of Waxahachie are The old-fashioned related to the progress both hoarded his accumulatic he city and of Ellis County. They stocking passed from as well on intimate terms with spective in Waxahachie patrons and their constituents. County along with ot) are in human touch not alone eanards and superstitio the individual advancement of nothing of that kind in t community, but with the broad ity. Everybody uses tb structive policy by which Waxathe earing of current 8 is being made a more imsurplus funds. There commercial and industrial hachie much money on Leading at all times in the therance of worthy undertakings, interest. time periods bearing f of a private and a public naThe tremendous agri the banks of Waxahachie have velopment of Ellis Cou to enjoy alike the friendship tablishment of one hund confidence of the citizenship of dollar per acre farm County. achievements could not Vaxahachie is one of the wealthiwitnessed without the cities of anywhere near its size liberal co-operation of Texas or anywhere else so far as hachie banks. The bank is concerned. Indeed, it is a ahachie individuals hard thing to find a city of proved business judgme than ten thousand population always had an abiding is Waxabachie's equal in this the solid prosperity of either as to the size of defarm lands and have al or the aggregate responsibilaged the farmers to of the stockholders. Some small methods and larger opi in Waxahachie's general class banks have been equal more banks in number than are liberal in regard to the here. but it is a rare thing of Waxabachie's splend find their equals in respect to enterprises mercantile elopment operations or as to actrial. Tn fact, no merit contact with the advanced prise in Waxahachie and material progress of magnitude large 01ยฐ community. The recent statethat has enjoyed the of Waxahachie's three banks co-operation of the close much interesting informabanks. as to the resources of Ellis As Ellis County con indeed, a county which can march of development tain such strong banks is in itself its broad acreage b eptional. Ellis County's farm densely populated-11 duction this year will total thirWaxahachle will be the million five hundred thousand now, amply adequate to the population of Ellis As Waxahachie co is about fifty-five thousand proud strides citywar 'sons-this makes a pro rata porconsequent establishme for every man. woman and child and greater enterprises the county of two hundred and of Waxahachie will alv ty-five dollars. To use a piece the city's Interests b homely slang, "guess that's going every manner within til A concise summary n The close connection between the deposits and resources of Waxahachie and their cushachie's three banks I: was foreibly evidenced by the State Bank and Trt of 1907-08. During that critcapital, $50,000; depe time in the country's financial 396.52; resources, $32 the banks of Waxahachie did Citizens National Ba need in a single instance to "put $200,000; deposits, $ the lid." as did nearly all of the resources, $1,947,764.2 of the United States, from the Waxahachie National to the smallest. There were tal, $200,000; depos restricted payments in Waxa180.81; resources, $1.6 Every patron could have