20127. Wee Nee Bank (Kingstree, SC)

Bank Information

Episode Type
Suspension → Closure
Bank Type
state
Start Date
December 4, 1926
Location
Kingstree, South Carolina (33.668, -79.831)

Metadata

Model
gpt-5-mini
Short Digest
565214d2

Response Measures

None

Description

Multiple contemporaneous newspaper items state Wee Nee Bank suspended business on December 4, 1926 after the assistant cashier H. L. Prosser admitted theft of about $8,000. Articles discuss Prosser's conviction and suspended sentence in 1927. No articles describe a depositor run or a reopening; the bank is repeatedly referred to in the past tense as having suspended business, so I classify this as a suspension that appears to have been permanent (suspension_closure).

Events (1)

1. December 4, 1926 Suspension
Cause
Bank Specific Adverse Info
Cause Details
Suspension followed discovery/admission of theft by assistant cashier H. L. Prosser (about $8,000 embezzled).
Newspaper Excerpt
Mr. Prosser was an employe of the Wee Nee bank at Kingstree from 1918 to December 4, 1926, when the bank suspended business.
Source
newspapers

Newspaper Articles (6)

Article from The Item, September 30, 1927

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Article Text

RICHARDS FREES KINGSTREE BANKER Man Convicted in Wee Nee Case Gets His Sentence Suspended Columbia Sept. Richards today suspended the of H. L. Prosser, was sentenced year state penitentiary the March term court in Williamsburg county for alleged violation of the banking laws. Prosser of Wee Nee Bank Kingstree from 1918 December 1926, when the bank suspended business. assistant cashier this time and admitted the theft of He pleaded guilty and surrendered the officers. He up home, valued at about or His prison record was good The suspension of sentence was recommended by board of pardons, Selleitor Frank McLeod of the third judicial circuit, Judge M. Mann. before whom the case and several of the jurors and citiof Williamsburg county


Article from The Index-Journal, September 30, 1927

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Article Text

STATE BRIEFS Willis Jury Holds Reunion From The Greenville News. The first reunton of the jury that sat in the late Willis case was held Thursday night when members were guests of J. W. Flynn, who acted as foreman, at a fish and chicken supper at Rainola. Bailiffs Davis and Vaughn and Deputy Sheriff Jones Parkins, in whose care the group was placed during the trial which consumed more than two weeks. were also guests at the affair. After delicious repast informal conversation was enjoyed. The group remained together so long that they became quite well aequainted, although most of them were strangrs before being summoned for jury duty at the last term of sessions court. Orders Train Put On Again COLUMBIA. Sept. The Railroad commission on the motion of Commissioner Ellebre yesterday decided to issue an order that the Atlantic Coast Line put trains Nos. 51 and 79 back on the schedules they were running on prior to last Sunday, within the borders of of South Carolina No. 51 runs from Wilmington via Florence to Columbia and No. 79 runs from Fayetteville via Dillon and Latta to Florence, connecting with No. 51. The service is to be restored on or before October 9. Suspends Bankers Sentence COLUMBIA, Sept. 30. Governor Richards yesterday SUSpended the sentence during good bebavior of H. L. Prosser, who was sentenced to one year in the state penitentiary at the March term of court in Williamsburg county for alleged violation of the banking laws. Mr. Prosger was an employe of the Wee Nee bank at Kingstree from 1918 to December 4. 1926. when the bank suspended business. He was assistant cashier at this time and admitted the theft of $8,000 He pleaded guilty and surrendered to the officers. He gave up his home, valued at about $4,000 or $5,000. His prison record was good. The suspension of sentence was recommended by the board of pardons. Solicitor Frank A. McLeod of the Third julicial circuit. Judge M. M. Mann. before whom the case was heard. and several of the jurors and prominent citizens of Williamsburg Committee Studies Taxation COLUMBIA. The entire field of taxation.is being studled by the special legislative tax committee with view to making its report to the General Asesmbly as comprehensive and as helpful as possible. according to a statement made here by Representative John B. Duffie. of Sumter. speaker pro tem of the House and field representative of the committee. Tax laws of other states are being obtained. Mr. Duflie said. and will be examined by the committee before its report is written The committee, headed by Representative D. L. McLaurin. of Marlboro countyfi has held a series of meetings this summer at the principal cities of the State. at which representatives of all interests were Mr. Duffie said the committee was not committed to any form of tax as yet. To Create Municipal Park COLUMBIA, S. (AP) municipal park covering 116 acres will be created in the hospital area of Camp Jackson. near here. according to an announcement made by C. C. A Stanley. member of city council. landscape artist. Dr. Stanley said will probably be engaged to plan the development of the playground. Camp Jackson. where thousands of soldiers trained during the World War, is reached by a paved road from Columbia.


Article from The State, September 30, 1927

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Article Text

BANK OFFICIAL GETS CLEMENCY Governor Suspends Sentence of Prosser of Kingstree Institution. Governor Richards yesterday during good be. havior of who was sentenced to one the state penitentiary March in county for violation of the banking laws. Mr. Prosser was an employe the Wee Nee bank Kingstree 1918 to 1926, when the bank suspended business He was and theft of $8,000. He pleaded and the his home, valued about $4,000 $5,000, His prison record was The of sentence was the board Frank the Third judicial Judge Mann, before case heard. and several the jurors citizens of Williamsburg county.


Article from The Herald, September 30, 1927

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Article Text

Richards Paroles Kingstree Banker Columbia, Sept. Governor Richards yesterday suspended the sentence during good behavior of H. L. Prosser, who was sentenced to one year in the state penitentiary at the March term of court in Williamsburg county for alleged violation of the banking laws. Mr. Prosser was an employe of the Wee Nee bank at Kingstree from 1918 to December 4, 1926, when the bank suspended business. He was assistant cashier at this time and admitted the theft of $8,000. He pleaded guilty and surrend ered to the officers. He gave up his home, valued at about $4,000 or $5,000. His prison record was good.


Article from The Watchman and Southron, October 5, 1927

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Article Text

Man Convicted in Wee Nee Case Gets His Sentence Suspended Columbia, Sept. Richards today suspended the during behavior H. Prosser, who was sentenced to year in the penitentiary at the March term of court in Williamsburg county for alleged violation of the banking Mr Prosser was an employe of Wee Nee Bank at Kingstree from 1918 to December 1926, when the bank suspended business. He assistant cashier at this time admitted the theft of $8,000. pleaded guilty surrendered He home, valued about $5,000. His prison record was good. The suspension of sentence was by the board of pardons, Frank McLeod third judicial circuit, Judge M. Mann, before whom the heard, and several of the jurors and prominent citizens of county.


Article from The Press and Standard, October 5, 1927

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Article Text

Richards Paroles Kingstree Banker Columbia, Sept. 29-Governor John G. Richards today suspended the sentence during good behavior of H. L Prosser, who was sentenced to one year in the state penitentiary at the March term of court in WillihmsBurg county for alleged violation of the banking laws. Mr. Prosser was an employe of the Wee Nee Bank at Kingstree from 1918 to December 4, 1926, when the bank suspended business. He was assistant cashier at this time and admitted the theft of $8,000. He pleaded guilty and surrendered to the officers. He gave up his home. valued at about $4,000 or $5,000. His prison record was good. recommended by the board of par- Drug Store.