Article names a receiver for the 'defunct' bank; no prior suspension mentioned in provided text.
Events (2)
1.August 21, 1889Chartered
Source
historical_nic
+7.8 years
2.June 1, 1897Receivership
Newspaper Excerpt
Thomas M. Thornton... has been appointed receiver of the defunct bank at Gatesville, Texas.
Source
newspapers
Newspaper Articles (1)
1.June 1, 1897The Daily TexarkanianTexarkana, AR
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Article Text
Thomas M
Thornton, who spent a time settling up the affairs of the First National Bank, has been ap: pointed receiver of the defunct bank at Gatesville, Texas.
Bank runs are almost always and everywhere a deterioration of bank fundamentals.
But not for you.
You are the measure-zero exception: great fundamentals, solid bank, and yet the Diamond Dybvig fairy spread its rumor. Depositors woke up. Your collateral was not prepositioned. The Clearinghouse had it for you.
Do not pass Go. Do not collect $200. Go directly to jail… or worse.