Farmers State Guaranty Bank (San Benito, TX)

Episode Information

Episode Type
Suspension → Closure
Start Date
June 1, 1932
Location
San Benito, Texas (26.133, -97.631)
Bank Type
state
Routing Number
88-0320
Canonical name
Farmers State Bank
Alt. names
Farmers State Guaranty Bank

Metadata

Episode ID
Bank ID
City ID
481375956
Model
gpt-5-mini
Short Digest

Notes

Duplicate articles present; reorganization efforts to raise new capital were unsuccessful.

Events (3)
1. June 1, 1932 Suspension
Cause
Government Action
Cause Details
State banking department closed the bank and appointed a receiver (A. A. Spacek).
Newspaper Excerpt
Affairs of the closed Farmers State bank are today in the hands of A. A. Spacek, receiver appointed by the state banking department.
Source
newspapers
2. June 1, 1932 Receivership
Newspaper Excerpt
Affairs of the closed Farmers State bank are today in the hands of A. A. Spacek, receiver appointed by the state banking department.
Source
newspapers
3. July 21, 1932 Other
Newspaper Excerpt
Cameron County Water Control and Improvement District No. 18 has filed suit against the Farmers' State bank of San Benito on depository bond, alleging the district had $800 in the bank at the time it closed; other defendants named are Farmers' State bank, receiver in blank and James Shaw as commissioner of banking of the State of Texas.
Source
newspapers

Newspaper Articles (3)
1. June 1, 1932 The Brownsville Herald Brownsville, TX

Article Text

San Benito Bank Receiver Named

(Special to the Herald)

SAN BENITO, June 1.—Affairs of the closed Farmers State bank are today in the hands of A. A. Spacek, receiver appointed by the state banking department.

Efforts to reorganize the bank are expected to continue, although efforts to raise the $50,000 new capital stock have been unsuccessful to date.

2. June 1, 1932 The Brownsville Herald Brownsville, TX

Article Text

San Benito Bank Receiver Named

(Special to the Herald)

SAN BENITO, June 1.—Affairs of the closed Farmers State bank are today in the hands of A. A. Spacek, receiver appointed by the state banking department.

Efforts to reorganize the bank are expected to continue, although efforts to raise the $50,000 new capital stock have been unsuccessful to date.

3. July 21, 1932 The Brownsville Herald Brownsville, TX

Article Text

Cameroi District Sues Farmers Bank Cameron County Water Control and Improement District No. 18 has filed sut against the Farmers' State bankof San Benito on depository bond, alleging the district had $800 inthe bank covered by the depository bond at the time it closJohn T. Lomax, G. G. Hanson, E. E. Ogden and H. E. Agar are named as sureles on a depository bond of the plaintiff's petition. Other defodants named in the suit are Farmers' State bank, receiver in blank and James Shaw as commissioner if banking of the State of Texas.