Border National Bank (El Paso, TX)

View Charter #10974 on SPMC View balance sheet

Episode Information

Episode UID
1097401493
Episode Type
Run → Suspension → Unsure
Bank Type
national
Bank ID
109740 national
Charter Number
10974
Start Date
May 7, 1924
Location
El Paso, Texas (31.759, -106.487)

Metadata

Model
gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
a8d019a66c8354e7

Response Measures

Accommodated withdrawals, Fed/other loan, Public signal of financial health, Full suspension, Books examined

Description

Suspension taken by federal examiner at directors' request; later outcome not reported in provided articles.

Events (4)
1. April 6, 1917 Chartered
Source
historical_nic
2. March 25, 1924 Voluntary Liquidation
Source
historical_nic
3. May 7, 1924 Run
Cause
Local Banks
Cause Details
Run began following the closing of the El Paso City National Bank, prompting withdrawals at Border National.
Measures
Federal Reserve aid rushed to the bank and talks by citizens persuaded most depositors to leave funds on deposit.
Newspaper Excerpt
Approximately 500 depositors of the Border National bank crowded the building ... and began to withdraw their accounts.
Source
newspapers
4. October 30, 1924 Suspension
Cause
Government Action
Cause Details
Federal bank examiner took charge and suspended business at the request of the board pending investigation.
Newspaper Excerpt
S. A. Longmoor, federal bank examiner, today took charge of the Border National bank ... Business of the bank was suspended until an investigation of its condition could be made.
Source
newspapers

Newspaper Articles (10)
1. May 7, 1924 Fort Collins Coloradoan Fort Collins, CO
Article from Fort Collins Coloradoan, May 7, 1924

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Article Text

Run On Bank Is Halted By Talks EL PASO, Tex., May 7.—Approximately 500 depositors of the Border National bank crowded the building occupied by the institution early today and began to withdraw their accounts. Federal Reserve aid was rushed to the bank and after talks had been made by several citizens the greater part of those in the run decided to allow their money to stay on deposit. The run on the bank began Tuesday following the closing of the El Paso City National Bank, one of the pioneer institutions of the southwest.

2. October 30, 1924 Salt Lake Telegram Salt Lake City, UT
Article from Salt Lake Telegram, October 30, 1924

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Article Text

TEXAS BANK SUSPENDS. EL PASO, Tex., Oct. 30.—S. A. Longmoor, federal bank examiner, today took charge of the Border National bank here at the request of the board of directors of the institution. Business of the bank was suspended by Mr. Longmoor until an investigation of its condition could be made.

3. October 30, 1924 The Santa Fe New Mexican Santa Fe, NM
Article from The Santa Fe New Mexican, October 30, 1924

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Article Text

BORDER BANK AT EL PASO IN DIFFICULTIES El Paso, Tex., Oct. 30.—S. A. Longmoor, federal bank examiner, this morning took charge of the Border National bank at the request of the board of directors of the institution. Business of the bank was suspended by Mr. Longmoor until an investigation of its condition could be made. The bank is the smallest one in El Paso. Mrs. Theo. Corrick arrived home last night from California, much improved in health. She has been visiting friends in Glendale, Oxnard, Somis and other cities.

4. October 31, 1924 The Plain Dealer Cleveland, OH
Article from The Plain Dealer, October 31, 1924

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Article Text

MAN MISSED FROM SHIP May Have Jumped Overboard or Left Vessel Unnoticed. CHICAGO, Oct. 30.—A man who registered on the steamer Alabama Tuesday night as John Snyder, had disappeared when the ship reached Muskegon, Mich., leaving letters in a locked suitcase. Whether he jumped into Lake Michigan or left the boat on the Michigan shore is unknown. "I found it hard to live without my best pal, my wife," one letter stated. Her name was given in the letter as Mrs. Emily Snyder, 13101 Loretto avenue, Detroit. D. A. McMillan, of the ship's crew, turned the letters over to the police and pointed out that Snyder could possibly have left the ship unnoticed when it touched at Grand Haven, Mich., en route to Muskegon. Examiner Takes Over Bank. EL PASO, Tex., Oct. 30.—S. A. Longmoor, federal bank examiner, today took charge of the Border National bank here at the request of the board of directors of the institution. Business of the bank was suspended until an investigation could be made.

5. October 31, 1924 The Baltimore Sun Baltimore, MD
Article from The Baltimore Sun, October 31, 1924

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Article Text

Conferees Forced To Flee. Who killed him and why has not been determined. His slayer escaped across housetops. Peace negotiations were in progress at Hip Sing headquarters in Pell street. Charlie King, chief of the On Leongs, had just presented to the negotiators his Tong's demand for $50,000 indemnity and other concessions aimed at curbing the business activities of Hip Sing merchants in Chicago, Boston, Philadelphia, Pittsburgh, Cleveland, Washington and New York Ong Foon, leader of the Hip Sings, had demurred at the terms, but professed a willingness to arbitrate. The 14-day armistice had been agreed upon when the shots sent the arbitrators scampering to the "dugout" safety of the nearest basement laundry. Inspector Takes Charge Of Bank. El Paso, Texas, Oct. 30.—S. A. Longmoor, Federal bank examiner, today took charge of the Border National

6. October 31, 1924 The Baltimore Sun Baltimore, MD
Article from The Baltimore Sun, October 31, 1924

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Article Text

New York, Oct. 30.—A two-week armistice was agreed upon by representatives of warring Chinese Tongs tonight at the close of a 24-hour conference aimed at curbing the business activities of Hip Sing merchants in Chicago, Boston, Philadelphia, Pittsburgh, Cleveland, Washington and New York. Halted By Shots. The Chinese consul-general, Federal officials from Washington, Oriental merchants from distant cities and local Tong leaders had drawn up the general armistice and were about to sign it when a succession of shots rattled the windows of the room in Chinatown where they deliberated. Gee Ling, Hip Sing Tongsman, died in a neighboring doorway. He had taken advantage of the rumored peace to venture into Doyer street, stronghold of the On Leong Tong, and was shot down. Ong Foon, leader of the Hip Sings, had demurred at the terms, but professed a willingness to arbitrate. The 14-day armistice had been agreed upon when the shots sent the arbitrators scampering to the "dugout" safety of the nearest basement laundry. Inspector Takes Charge Of Bank. El Paso, Texas, Oct. 30.—S. A. Longmoor, Federal bank examiner, today took charge of the Border National

7. October 31, 1924 The Salt Lake Tribune Salt Lake City, UT
Article from The Salt Lake Tribune, October 31, 1924

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Article Text

BANK EXAMINER CALLED. EL PASO, Texas, Oct. 30.—S. A. Longmoor, federal bank examiner, today took charge of the Border National bank here at the request of the board of directors of the institution. Business of the bank was suspended by Mr. Longmoor until an investigation of its condition could be made.

8. October 31, 1924 Fort Collins Coloradoan Fort Collins, CO
Article from Fort Collins Coloradoan, October 31, 1924

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Article Text

Texas Bank Goes Into Hands Of U. S. Examiner EL PASO, Tex., Oct. 31—S. A. Longmoore, federal bank examiner, took charge of the Border National Bank at the request of the board of directors of the institution. Business of the bank was suspended by Mr. Longmoore until an investigation of its condition could be made. The bank is the smallest one in El Paso. Democrats have Shaver, the G. O. P. has Gillett, but the up-to-date third party has the Bob. Philadelphia North American.

9. October 31, 1924 Omaha Daily Bee Omaha, NE
Article from Omaha Daily Bee, October 31, 1924

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Article Text

Bank Suspends Business. El Paso, Tex., Oct. 30.—S. A. Longmoor, federal bank examiner, today took charge of the Border National bank here at the request of the board of directors of the institution. Business of the bank was suspended by Mr. Longmoor until an investigation of its condition could be made.

10. October 31, 1924 The Omaha Evening Bee Omaha, NE
Article from The Omaha Evening Bee, October 31, 1924

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Article Text

Bank Suspends Business. El Paso, Tex., Oct. 30.—S. A. Longmoor, federal bank examiner, today took charge of the Border National bank here at the request of the board of directors of the institution. Business of the bank was suspended by Mr. Longmoor until an investigation of its condition could be made.