Texas State Bank & Trust Company (Corpus Christi, TX)

Episode Information

Episode UID
88012771582
Episode Type
Run → Suspension → Unsure
Bank Type
trust
Bank ID
8801277 routing
Routing Number
88-0127
Start Date
October 14, 1931
Location
Corpus Christi, Texas (27.801, -97.396)

Metadata

Model
gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
70c79d8cb738ec52

Response Measures

None

Description

Bank closed to prevent a threatened run after affiliated Kingsville bank failed; no info on reopening or permanent closure.

Events (2)
1. October 14, 1931 Run
Cause
Local Banks
Cause Details
Prospective withdrawals triggered by closing/failure of affiliated First State Bank at Kingsville
Measures
Bank closed its doors to prevent threatened run; suspended payments
Newspaper Excerpt
closed to prevent a threatened run
Source
newspapers
2. October 14, 1931 Suspension
Cause
Local Banks
Cause Details
Closed after affiliated Kingsville bank failed/closed, provoking threatened withdrawals
Newspaper Excerpt
failed to open for business yesterday. The Texas State Bank & Trust Co. of Corpus Christi... closed to prevent a threatened run.
Source
newspapers

Newspaper Articles (2)
1. October 15, 1931 Evening Star Washington, DC
Article from Evening Star, October 15, 1931

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Article Text

TWO TEXAS BANKS FAIL Corpus Christi and Kingsville Institutions Were Affiliated. CORPUS CHRISTI, Tex., October 15 (P).-Two affiliated South Texas banking institutions, one at Corpus Christi, the other at Kingsville, failed to open for business yesterday. The Texas State Bank & Trust Co. of Corpus Christi, with approximately $300,000 on deposit, closed to prevent a threatened run. Bank officials said. closing yesterday of the First State Bank at Kingsville, a member bank, was responsible for the prospective withdrawal of deposits at the Texas State Bank & Trust Co. The Kingsville Bank was capitalized for $65,000 and had about $440,000 on deposit. The Corpus Christi bank was capitalized for $150,000.

2. October 15, 1931 The Miami Herald Miami, FL
Article from The Miami Herald, October 15, 1931

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Article Text

2 AFFILIATED BANKS SUSPEND IN TEXAS CORPUS CHRISTI, Texas, Oct. 14. (AP) Two south Texas banking institut one at Corpus Christi, the other at Kingsvi failed to open today. The Texas State Bank and Trust of Corpus Christi, with approximately $300,000 on deposit, closed to prevent threatened run. The Kingsville bank was capitalized for $65,000 and had about $440,000 on deposit. The Corpus Christi bank was capitalized for $150,000.