18272. Wilson State Bank (Wilson, OK)

Bank Information

Episode Type
Suspension → Reopening
Bank Type
state
Start Date
April 4, 1922
Location
Wilson, Oklahoma (34.161, -97.425)

Metadata

Model
gpt-5-mini
Short Digest
09ca85d5

Response Measures

None

Description

Wilson State Bank failed to open on Monday (reported 1922-04-04) and directors/stockholders met to reorganize; later (by 1926 article) it is documented that the Wilson State Bank 'went under and was reorganized later as the Producers State bank,' indicating the suspension led to reorganization/reopening under a successor name. No explicit depositor run is described in 1922 article, so classify as a suspension with reopening.

Events (3)

1. April 4, 1922 Suspension
Cause
Bank Specific Adverse Info
Cause Details
Bank failed to open on Monday; directors and stockholders met to reorganize the institution (internal troubles leading to suspension).
Newspaper Excerpt
Reorganization of the Wilson State bank which failed to open Monday morning is under way today following a meeting of the directors, officers and a few stockholders last night.
Source
newspapers
2. July 25, 1926 Other
Newspaper Excerpt
The Wilson has suffered three bank failures since 1922, when the Wilson State bank went under and was reorganized later as the Producers State bank
Source
newspapers
3. * Other
Newspaper Excerpt
Reorganized later as the Producers State bank (successor reopening under new name as documented in 1926 articles).
Source
newspapers

Newspaper Articles (4)

Article from The Morning Tulsa Daily World, April 5, 1922

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Article Text

Wire Flashes HUNTINGTON W. Va., April 4.-Destruction of a coal tipple at the Borderland Coal company. on the Kentucky side of TUR river, in the Williamson field, was reported by officials here today. WASHINGTON April -Aissistant Attorney-General Atkins was today instructed by Attorney-General Daugherly to get to the bottom of inefficiency and graft In the district attorney's office at Chicago, NEW YORK, April 4. -Margot Asquith wife of the former British premier, bade a curt farewell to America today, slamming the door of her stateroom on the in a gation Mauretania of the face of large delereporters and refusing through her secretary to "say another word." CHICAGO April 4.-Shot and killed last night within the shadow of his own home, Luigi Cuitaia, father of five chilto dren, was declared by the police today have been the victim of a "black hand" plot. He was shot down on the street after receiving a threatening letter. PONCA CITY April 4.-Over an inch of rain has fallen here since Monday morning with prospects bright for a steady downpour all day. Roads into the oil fields have become practically impassable and traffic is virtually auspended. PONCA CITY. April 4.-Police today are said to have obtained clues to the Identity of thieves who Thursday night dug into the vault of the Deposit Guaranty State bank here and escaped with nearly $1,000 in pennies and silver. ENID. April 4.-Intermittent rainfall to the amount of 1.05 inches has fallen here since Sunday afternoon. according to the local weather bureau. It was raining hard at 9:30 this morning. ARDMORE April 4.-With 1.6 inches of rain during the 12 hours ending at 7 o'clock this morning the rainfall here since noon Sunday has reached 3.69 inches. WILSON, April 4.-Reorganization of the Wilson State bank which failed to open Monday morning is under way today following a meeting of the directors. officers and a few stockholders last night. WASHINGTON April 4. -Paul Henderson of Illinois was nominated today by President Harding to be second assistant postmaster-general, OKMULGEE. April 4.-The board of county commissioners today refused to offer a reward for the apprehension of Fred G. Dennis, former banking commissioner of Oklahoma, jointly indicted with Governor Robertson on a charge of ac. ceptance of a bribe. WASHINGTON April 4-An investiga. tion of the Anti-Saloon league and its officials by the department of justice for the alleged violation of the corrupt prac-


Article from The Daily Ardmoreite, May 1, 1922

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Article Text

COUTNY TO SUE FOR FUNDS IN DEFUNCT BANK Commissioners Instruct Attorney Bristow to Proceed; Ardmore and Wilson Banks Hold $244,703 County Attorney J. E. Bristow will immediately file suits against two bonding companies to recover deposits of county funds in the defunct State National bank and the Wilson State bank of Wilson, having been authorized to do so by the county commissioners in session here Monday. The county now has on deposit in the State National bank $234,703.23, and as guarantors the United States Fidelity and Guaranty company has a bond of $228,000 and the American Indemnity company a bond of $10,000. In the Wilson bank the county has only $10,000 with the United States Fidelity and Guaranty company as guarantors with a bond of $10,000. The suit will be filed in the name of the county commissioners, Mr. Bristow said, and attempts will be made to recover the entire amount in each case now, giving the bonding company the county's claims for settlement when such is designated by the banks' receivers.


Article from The Daily Ardmoreite, July 25, 1926

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Ardmore Loses Valued Worker In ATTACK IS MADE ON KLAN FORCES Removal To Texas Of Rev. Morgan This city and state lose able worker when Rev R E. 1. Mor Texas to become president of the Clarendon college is the opinion of those have been Intimately acquainted with him during his 21 years relation ship the West Oklahoma confer The Rev Mr. Morgan is recognized is of the strongest men of the this state where all his ministerial life within the bounds of the West Oklahoma conference. His unanimous election as president of Clar endon by the board of trus tees of that Institution came without his having made application and speaks for the worth of the man a WAS that no further comment Reared on farm he spent his boy hood days near Redford in Trimble educated in the public schools of his native state. in Kentucky Wesleyan ollege and the "niversity of Louisville his LL.B. degree from the latter Institution in 1895 For more than 10 years thereafter Morgan was engaged in the legal pro ession, coming to Oklahoma in July 005. he continued the practice of law six years in the town of Lawton to entered the ministry In 1905 and served in pastorates at Temple Norman Mangum Chickasha and First dethodist church of this city Was Presiding Elder Morgan has been presiding older districts of Oklahoma, Lawton OKhoma City and Ardmore and has erved as educational secretary for the hurch in Oklahoma from 1919 to 1922 He WILS married in 1896 to Miss Ber been splendid helpmate to her husband in his chosen profes They have child, Mrs R. Honry Greensboro, N. C., who is also th wife of minister The Kentucky Wesleyan college Ky conferred the D degree on Morgan In 1914 in dent of the board of education of the West Methodist Episcopal south since now and has for years member Methodist university Member Book Committee honors of member the the general has served since 1918 This commit elected by the eral from the church large At last general tee for another quadrennium, ecumentcal conference which met of the general conferences of 1914 1018 1922 and 1926 of the special sion the general Helps in Methodist Foundation Strice the organization or the has been dean of this Institution or the Oklahoma Methodist Foundation in connection with the state at Norman and member the of beard of trustees of same new field of duties for the first time in his ministerial career of which years It is with regret that Ardmore goodby splendid people Dr Morgan and his people of this community during the they have called this home among the most responsible and wealthy men of Carter county George Legate, of the hamber of commerce, has interviewed he men of Wilson thoroughly nd finds nothing but confidence ex pressed, he 'Wilson business men feel confident hat those behind the Institution, whose integrity cannot be impeach will re open the bank as soon as affairs can be straightened out by the state banking Afairs in Good Shape "There Is general feeling in Wilson that affairs of the bank are in such shape that they will adjust themselves, the secretary added "and while bust ness is somewhat hampered, the loy alty expressed is such that there is hardly possibility of the institution remaining closed.' F. B. Jones, vice president and cash ler. stated that the affairs of the bank would be found in much better condi tion than present Indications seem to warrant and he is sure every customer of the bank will receive the full amount due him. Jones went into minute details regard ing affairs of the institution, all of which will be revealed when the ex aminer makes his report. He told of the load the bank has been carrying for some time in addition to loans made to farmers who through crop failure last season, unable to pay Good Surplus Jones declared with present assets. and resources of the bank, that every questionable piece of paper could be dropped and still the institution would pay out with a probable surplus remain ing Jones is man of experience in banking He has been with the Producers for more than year. coming from Carnegie, Okla. where he formerly was engaged in the banking business. Some have expressed curiosity at the resignation of O. K. (Buster) Coulter, who quit his post three weeks ago and whose place had not been filled. The matter explained by Legate, who said that Coulter resigned last Janu ary He is an expert accountant and desired to enter business for himself. On account of family connections he was induced to remain with the bank until three weeks ago when he quit. Three Failures at Wilson The Wilson has suffered three bank failures since 1922. when the Wilson State bank went under and was reorganized later as the Producers State bank The City State bank closed Its doors in 1924, and to complete the list the Producers was taken over by the state banking board Friday Some business men of Wilson had all their cash in the closed bank and are in an embarrassing position, 08 many have mailed checks to dealers that essarily will be returned unpaid They are making arrangements, however, to take care of their credit The First National bank now is only financial institution in Wilson and is said to be able to take care of all demands made upon it pending the reopening of the Producers. Fined on "Blue Law" Charge PHILADELPHIA Austin, director general of the Sesqui Centennial exposition was Saturday fined $4 and cost on charge of violat Ing the Sunday "blue laws" of 1794 The fine is the maximum penalty un der the ancient law Contract for painting the Interior Ardinore senior high school WILS ed Friday to M G. Kinsey by the board of education and work will be gin at once in order to have pleted by time school opens in Septem Violence Is Avoided By Timely Arrival of Officers Who CORNING many years was narrowly verted when hostile of attempted to stop klansmen on to the county klen meeting on Dining Room Suite; W Goodwin farm mile of the city $188 Officers arrived Just in time to a remarkable value vent trouble Later in the eventug he automobile Genuine American Walnut Dining Room Suite, consistbattered ing of eight pieces as illustrated, makes a finely furnother heaved the ished dining room. There are extras to buy The from the suite is complete. Excellent quality and of a very klansmen the new and popular design The suite complete with reporting lent to the 45x60 table that extends to 8 feet, a large buffet five Hugh and chairs and an arm chair is specially priced at $188.00 Lenox slight able PAY US $25 NOW-THEN $15 MONTHLY undle the first of the north of AT AT out from SNEED'S SNEED'S district the fused to fight arrived The he when of trouble names of plicated High Salary Probed STEEL COUCH BED CONCEALED to Cretonne Covered Mattress he told he got Only $19.85


Article from The Wilson Democrat, July 28, 1926

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Article Text

PRODUCERS BANK The Producers State Bank of this failed to for business Fricity open day morning. On the door was post"This Bank in the Hands sign, of State Banking Commission." Business be crippled by the may closing of the bank but temporary confidence in the integrity of the men behind the institution has not been impaired and it is almost certain that affairs will be satisfactorily adjusted and the bank reopened within short time. Doors of the institution were orders from Waldo Watkins, on bank examiner, following series of circumstances occurring since the bank took over the affairs of the Wilson State Bank which suspended activity in 1922. The crisis was reached when it was found that loans to jeopardize the reserve the bank and followed Wednesday and Thursday, when positors withdrew $15,000. Assets of the bank total approximately and loans in proximate amount of shown the books, said. Jones, active vice president and cashier, Ward, one of the stockholders, stated principal Saturday that when they saw what happened Thursday, they called Waldo Watkins, assistant bank examinand asked him to take charge. did this," Ward explained, order that we would not violate any of the state banking laws and lay ourselves criminally liable. The affairs the bank toady are in better shape than they were year and are confident will ago, able to pay dollar for dollar to our depositors as soon as affairs are uidated," he declared. Watkins was called Thursday night and arrived Friday morning, when the keys and assets of the bank were turned over to him. O notice was posted stating that A Shofner, state bank examiner would take Saturday. Jones declared with present assets, and resources of the bank. that ery questionable piece of paper could be dropped and still the institution would pay out with probable surplus remaining. Jones man of experience in banking. He has been with the Producers for more than year, coming from Carnegie Okla., where he formerly was engaged in the banking business. The First National bank now the only financial institution in Wiland is said to be able to take care of all demands made upon pending the reopening of the ducers.