562. Texarkana Trust Company (Texarkana, AR)

Bank Information

Episode Type
Suspension โ†’ Closure
Bank Type
trust
Start Date
November 12, 1913
Location
Texarkana, Arkansas (33.442, -94.038)

Metadata

Model
gpt-5-mini
Short Digest
f8868f1399a20892

Response Measures

None

Description

Contemporary reports (Nov 12โ€“14, 1913) state the Texarkana Trust Company closed its doors and asked for the appointment of a receiver. Failure is attributed to inability to realize immediately on outstanding loans and later indictments of officers. Some dispatches list Texarkana, Tex.; bank is in Texarkana, AR per prompt. OCR errors corrected (e.g., 'prf. vate' -> 'private').

Events (2)

1. November 12, 1913 Receivership
Newspaper Excerpt
closed its doors and asked for the appointment of a receiver. The assets are approximately $150,000 and liabilities $100,000.
Source
newspapers
2. November 12, 1913 Suspension
Cause
Bank Specific Adverse Info
Cause Details
Inability to realize immediately on outstanding loans; liquidity shortfall leading to suspension.
Newspaper Excerpt
The Texarkana Trust Company ... closed doors today and asked for the appointment The assets of a receiver.
Source
newspapers

Newspaper Articles (11)

Article from The Sentinel=record, November 13, 1913

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Article Text

TEXARKANA BANK FAILS. Texarkana, Ark., Nov. 12-The Tex arkana Trust Company, a small prf. vate banking institution, closed doors today and asked for the ap pointment The assets of a receiver. of the concern are stated to be ap proximately $150,000, and liabilities $100,000. Inability to realize imma diately on outstanding loans is given as the reason for the suspension. J. F. Black of this city is president of the company.


Article from Atlanta Georgian, November 14, 1913

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Article Text

$150,000 Trust Co. Asks for Receiver TEXARKANA, ARK., Nov. 14.-T Le Texarkana Trust Company. a private instiution, has closed its doors and asked for the appointment of a receiver. The assets are approximately $150,000 and liabilities $100,000.


Article from Atlanta Georgian, November 14, 1913

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Article Text

$150,000 Trust Co. Asks for Receiver TEXARKANA, ARK., Nov. 14.-T be Texarkana Trust Company. a private instiution, has closed its doors and asked for the appointment of a receiver. The assets are approximately $150,000 and liabilities $100,000.


Article from Atlanta Georgian, November 14, 1913

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Article Text

$150,000 Trust*Co. Asks for Receiver TEXARKANA. ARK., Nov. 14.-T Le Texarkana Trust Company. a private instiution, has closed its doors and asked for the appointment of a receiver. The assets are approximately $150,000 and liabilities $100,000.


Article from Atlanta Georgian, November 14, 1913

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Article Text

$150,000 Trust Co. Asks for Receiver TEXARKANA, ARK., Nov. 14.-T Le Texarkana Trust Company, a private instiution, has closed its doors and asked for the appointment of a receiver. The assets are approximately $150,000 and liabilities $100,000.


Article from Atlanta Georgian, November 14, 1913

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Article Text

$150,000 Trust Co. Asks for Receiver TEXARKANA, ARK., Nov. 14.-T Le Texarkana Trust Company. a private instiution, has closed its doors and asked for the appointment of a receiver. The assets are approximately $150,000 and liabilities $100,000.


Article from Atlanta Georgian, November 15, 1913

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Article Text

$150,000 Trust Co. Asks for Receiver TEXARKANA, ARK., Nov. 14.-T Le Texarkana Trust Company. a private instiution, has closed its doors and asked for the appointment of a receiver. The assets are approximately $150,000 and liabilities $100,000.


Article from Iron County Register, November 20, 1913

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Article Text

Texarkana Trust Company Closes. Texarkana, Tex-The Texarkana Trust company, a private institution, closed its doors and asked for the appointment of a receiver. The assets are given as $150,000 and the liabilities $100,000.


Article from Mexico Missouri Message, November 20, 1913

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Article Text

Texarkana Trust Company Closes. Texarkana, Tex.-The Texarkana Trust company, a private institution, closed its doors and asked for the appointment of a receiver. The assets are given as $150,000 and the liabilities $100,000.


Article from Carroll County Democrat, November 21, 1913

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Article Text

Texarkana Trust Company Closes. Texarkana, Tex.-The Texarkana Trust company, a private institution, closed its doors and asked for the appointment of a receiver. The assets are given as $150,000 and the liabili ties $100,000.


Article from Pine Bluff Daily Graphic, June 7, 1914

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Article Text

INDICT OFFICIALS OF DEFUNCT BANK Texarkana Men Charged With Violating State Banking Laws. FAILURE HITS TOILER James F. Black, Putnam Dickinson and Fred Brewster Under Arrest in Connection With Failure of Texarkana Trust Co. Texarkana, June 6.-James F. Black, president; Putnam Dickinson, secretary and cashier, and Fred H. Brewster, assistant secretary and of the cashier, closed Texarkana its doors Trust without Company which warning on November 12, 1913, have arrested on indictments returned the by been Miller county grand jury charging them with "knowingly receiving in an were and deposits Dickinson insolvent arrested bank." here Black and immediately released on bond. Black's bond was fixed at $2,500 and was signed by LeGrande W. Jones, E. F. Burke, L. Kirkland, E. F. Friedell, Dr. K. M. Kelley, F. A. Symonds, D. L. Williams, Ollie Hoffman and G. W. Treher. Dickinson's bond of $1,500 was signed by T. F. Booker and Dr. J. A. Lightfoot. Brewster was arrested in Dallas, where he has been working since the failure of the bank here. He has announced willingness to return without requisition. Neither Black nor Dickinson would discuss the charges against them. The failure of the bank inflicted loss upon the depositors, most of whom were laboring people. Former County Clerk A. B. Little, who was appointed receiver for the institution, says if the are on assets sums for are which worth they anything carried like the the books the losses to depositors will be greatly lessened. 'When the bank closed its doors it was discovered that Black and Dickinson were both heavily indebted to the institution, having given as security for the money used mortgages on property located at different points and the value of which is problematical. Black has dealt stensively in real estate, while Dick.nson came here about three years ago from Little Rock.