Guaranty State Bank (Cleburne, TX)

Episode Information

Episode UID
5910016991479
Episode Type
Run → Suspension → Unsure
Bank Type
state
Bank ID
591001699 hash
Start Date
March 22, 1923
Location
Cleburne, Texas (32.348, -97.387)

Metadata

Model
gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
1f7bae188a22ff68

Response Measures

None

Description

Newspapers report the bank was closed by the state examiner but also say it may reopen within a few days, leaving final outcome unclear.

Events (2)
1. March 22, 1923 Run
Cause
Local Shock
Cause Details
Two failed crops in Johnson County triggered a two-week slow run that withdrew about $400,000 of deposits.
Measures
Depositors to be protected by the state guaranty fund (state protection mentioned)
Newspaper Excerpt
A two-week slow run, which reduced deposits more than $400,000, following failure of two crops in Johnson county, was responsible
Source
newspapers
2. April 5, 1923 Suspension
Cause
Local Shock
Cause Details
Closure ordered by state bank examiner after deposits were severely depleted by the run following crop failures.
Newspaper Excerpt
The Guaranty State Bank at Cleburne ... was closed yesterday by State Bank Examiner Wallace.
Source
newspapers

Newspaper Articles (2)
1. April 6, 1923 Evening Star Washington, DC
Article from Evening Star, April 6, 1923

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Article Text

BANK CLOSED AFTER RUN. AUSTIN, Tex., April 6.-The Guarany State Bank at Cleburne. with $100,000 capital stock and about $$50.000 deposits, was closed yesterday by State Bank Examiner Wallace. A two-week slow run, which reduced deposits more than $400.000. following failure of two crops in Jehn county, was responsible for the e' ing, it was declared, Deposit he protected by the state aund

2. April 6, 1923 The Birmingham Age-Herald Birmingham, AL
Article from The Birmingham Age-Herald, April 6, 1923

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Article Text

TEXAS BANK CLOSED Two Weeks Slow Run Fatal For F1nancial Institution AUSTIN, Tex., April b.-The Guaranty State bank, at Cleburn. Tex., with $100,000 capital stock and about $550,000 deposits, has been closed, Banking Commissioner J. D. Chapman announced tonight. A twoweeks' slow run, which reduced deposits more than $400,000, following failure of two crops in Johnson county, was responsible for the closing, Commissioner Chapman declared. The bank may reopen within a few days and depositors will be protected by the state guaranty fund, he added.