Bank of Waurika - Waurika, OK

Bank Information

Episode Type: Run Only
Bank Type: state
Start Date: February 1, 1929*
Location: Waurika, Oklahoma (34.167, -97.998)

Metadata

Model: gpt-5-mini
Short Digest: 97fe38e5

Response Measures

Accommodated withdrawals, Capital injected

Description

Article (Waurika News-Democrat, 1929-02-22) reports a run caused by a rumor the bank was about to fail. A shortage of $7,500 is mentioned but local backers (Kelly Bros. and H. B. Johnson) 'got in behind the bank and straightened out its affairs.' There is no mention of a suspension, reopening, or receivership.

Events (1)

1. February 1, 1929* Run

Cause: Rumor Or Misinformation
Cause Details: Unfounded rumor that the Bank of Waurika was about to fail, which triggered withdrawals.
Measures: Local financiers/supporters (Kelly Bros. and H. B. Johnson of Chickasha) stepped in to support the bank and straighten out affairs after a $7,500 shortage.
Newspaper Excerpt: There was rumor several days ago that the Bank of Waurika was about to fail, which caused run on the bank that was withstood making the bank stronger in the minds the people it was before.
Source: newspapers

Newspaper Articles (1)

1. February 22, 1929 Waurika News-Democrat Waurika, OK

Article from Waurika News-Democrat, February 22, 1929

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Article Text

rika has been organized with $25,000.00 paid up capital and will have its home in new two story building. The bank is backed by able financiers and a strong institution. J. Morgan Co. are offernig farm of 160 acres for sale, 30 acres of which are in wheat, five miles from Waurika. They are asking $1200. for it on terms or $800.00 cash. Join the commercial club and do your part in making Waurika the best town in Comanche county. Don't sit back and leb the other fellow do all' the work while you receive your part of the reward. Dr. McHenry and D. M. Bridges left for Nicarauga Saturday. They are going in the interests of company at Ardmore that has some mining interests there and feel sure that they have some valuable property. There was rumor several days ago that the Bank of Waurika was about to fail, which caused run on the bank that was withstood making the bank stronger in the minds the people it was before. There was a shortage in the bank accounts of $7500.00 but Kelly Bros. and H. B. Johnson of Chickasha got in behind the bank and straightened out its affairs.