Article Text
TEXAS BANK FAILS. Washington, Jan. 18.-The comptroller of the currency today was advised by telegram that the officers of the American National Bank of Abilene, Texas, have closed the bank. R. L. Van Zant has been appointed receiver.
American National Bank (Abilene, TX)
Episode Information
- Episode UID
702801261- Episode Type
- Suspension → Closure
- Bank Type
- national
- Bank ID
-
70280national - Charter Number
- 7028
- Start Date
- January 18, 1905
- Location
- Abilene, Texas (32.449, -99.733)
Metadata
- Model
- gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
- Short Digest
80742344217b54ea
Response Measures
None
Receivership Details
- Depositor recovery rate
- 64.3%
- Date receivership started
- 1905-01-18
- Date receivership terminated
- 1910-03-31
- OCC cause of failure
- Fraud
- Share of assets assessed as good
- 38.9%
- Share of assets assessed as doubtful
- 16.0%
- Share of assets assessed as worthless
- 45.1%
Description
Directors described the closing as a temporary embarrassment, but a receiver was appointed and the bank was closed.
Events (4)
1.
October 30, 1903
Chartered
- Source
- historical_nic
2.
January 18, 1905
Receivership
- Source
- historical_nic
3.
January 18, 1905
Receivership
- Newspaper Excerpt
- R. L. Van Zandt has been appointed receiver.
- Source
- newspapers
4.
January 18, 1905
Suspension
- Cause
- Correspondent
- Cause Details
- Failure of correspondent banks to accept renewals for rediscounts compounded by damaging street talk and depositors' alarm.
- Newspaper Excerpt
- The officers of the American National Bank of Abilene, Tex., have closed the bank. R. L. Van Zandt has been appointed receiver.
- Source
- newspapers
Newspaper Articles (11)
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Article Text
Abilene Bank Closed. Washington, Jan. 18.-The comptroller of the currency today advised that officers of the American National Bank of Abilene, Texas closed the bank. A receiver was appointed.
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Article Text
TEXAS BANK CLOSED. Controller of the Currency Notified From Abilene. The controller of the currency today was advised by telegram that the officers of the American National Bank of Abilene, Texas, have closed the bank. R. L. Van Zandt has been appointed receiver. The following is a statement of the resources and liabilities of the bank at the date of its last report of condition to the controller's office, November 10, 1904: Resources-Loans and discounts, $226,340; overdrafts, $3,522; bonds and premium, $79,500; banking house, $10,000; due from banks and bankers, $52,388; cash and cash items, $10,481; redemption fund, $3,750. Total, $454,983. Liabilities-Capital stock, $75,000; surplus and profits, $11,344; circulation, $75,000; due to banks and bankers, $52,627; deposits, $133,735; notes and bills rediscounted, $100,275; bills payable, $7,000. Total, $454,983.
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Article Text
Bank Closes at Abilene, Texas. Washington, Jan. 18.-The comptroller of the currency today was advised by telegram that the officers of the American National bank of Abilene, Tex., have closed the bank. R. L. Vansandt has been appointed receiver.
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Article Text
BING DRAWN IE ORIENTAL WAR TEXAS BANK CLOSED. RE THAT The American National of Abilene in END Hands of Receiver. Washington, D. C., Jan. 18. The comptroller of the currency was today advised that the officers of the American National bank of Abilene, Tex., had closed the bank CHINA A receiver has been appointed.
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Article Text
Receiver for Texas Bank. WASHINGTON, Jan. 18.-The Comptroller of the Currency to-day was advised by telegram that the officers of the American National Bank of Abilene, Tex., have closed the bank. R. L. Van Zandt has been appointed receiver.
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Article Text
Texas Bank Closed. Washington. Jan. 19.-The comptroller of the currency Wednesday was advised by telegram that the officers of the American national bank, of A bilene, Tex.. have closed the bank. R. L. Van Zandt has been appointed receiver.
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Article Text
BANK CLOSES AT ABILENE, TEXAS, TEMPORARILY MANAGEMENT INTIMATES THAT IDLE STREET GOSSIP IS LARGELY RESPONSIBLE. DEPOSITORS ARE ALARMED Stated That Depositors Will Be Paid in Full-That Suspension of Business Is Only Temporary-Stocknn of Section Excited. Abilene, Texas, Jan. 23.-The failure of the American National Bank has caused considerable expitement among the stockmen of this section of the country, although the directors of the institution claim that is is only a temporary embarrassment, and that the bank will resume business soon and all depositors will be paid in full. On the day that the bank closed the following statement was published on the doors of the institution: "To Whom It May Concern: "Abilene, Tex., Jan. 18.-The failure of our correspondents to accept renewals for rediscounts and street talk of some of our citizens detrimental to the good of the bank precipitated the closing of the American National bank, whose remaining duty was to notify the comptroller of the currency. which was deemed the best method for all concerned. Depositors will be paid in full. "O. W. STEFFENS, "J. G. LOWDEN, "W. J. THOMPSON."
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Article Text
Texas Bank Closed. The comptroller of the currency at Washington was Wednesday advised that the officers of the American National Bank of Abilene, Tex., had closed the ank. A receiver was appointed.
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Article Text
A Texas Bank Fails. Washington: The comptroller of the curreucy was Wednesday advised that the officers of the American National Bank, of Abilene, Tex., had closed the bank. A receiver has been appointed.
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Article Text
Texas Bank Closed. The comptroller of the currency at Washington was Wednesday advised that the officers of the American National Bank of Abilene, Tex., had closed the ank. A receiver was appointed.