Wee Nee Bank - Kingstree, SC

Bank Information

Episode Type: Suspension → Closure
Bank Type: state
Start Date: *
Location: Kingstree, South Carolina (33.668, -79.831)

Metadata

Model: gpt-5-mini
Short Digest: cac27751

Response Measures

None

Description

Article (Florence Morning News, 1927-09-30) reports that the assistant cashier at Wee Nee Bank admitted to theft and that the bank suspended business when this came to light. The text is OCR-corrupted and gives no clear statement about reopening or receivership; no reopening is mentioned, so I classify as a suspension leading to closure (suspension_closure) but this outcome is uncertain from the single article. Corrected/clarified OCR: the employee Prosser was an employee of Wee Nee Bank from 1918; he admitted theft and the bank suspended business when this was discovered.

Events (1)

1. * Suspension

Cause: Bank Specific Adverse Info
Cause Details: Assistant cashier (Prosser) admitted to theft/embezzlement; bank suspended business when admission occurred.
Newspaper Excerpt: from 1918 December bank suspended busiwhen He was assistant cashier time and admitted the theft
Source: newspapers

Newspaper Articles (1)

1. September 30, 1927 Florence Morning News Florence, SC

Article from Florence Morning News, September 30, 1927

Click image to open full size in new tab

Article Text

RICHARDS PAROLES KINGSTREE BANKER Sept. Richards today the during good behavior Prosser, was to the State sentenced penitentiary term county for court violation of the banking alleged Prosser was an employe of Mr. Wee Nee Bank Kingstree from 1918 December bank suspended busiwhen He was assistant cashier time and admitted the theft He pleaded guilty and surrenderofficers gave up his home. about His prison record was good. The sentence the board dons. Solicitor of the Third Judicial Judge before whom the case heard. several the ors and prominent citizens liamsburg county.