First National Bank - Wharton, TX

Bank Information

Episode Type: Suspension → Closure
Bank Type: national
Bank ID: 4903
Charter Number: 4903
Start Date: October 2, 1915
Location: Wharton, Texas (29.312, -96.103)

Metadata

Model: gpt-5-mini
Short Digest: 28c72abf

Response Measures

None

Description

Article (1915-10-02) reports officials of the First National Bank of Wharton bound over for trial and refers to R. J. Wright as formerly cashier and now acting as assistant to the receiver, indicating the bank was placed in receivership/closed due to alleged excessive loans and missing school funds. No run is mentioned.

Events (4)

1. April 20, 1893 Chartered

Source: historical_nic

2. October 14, 1893 Voluntary Liquidation

Source: historical_nic

3. October 2, 1915 Other

Newspaper Excerpt: Following a preliminary hearing ... officials of the First National bank of Wharton were bound over to await the action of the federal grand jury ... National Bank Examiner C. W. Foster, who testified regarding alleged excessive loans which were made by the defendants in violation of the statute.
Source: newspapers

4. October 2, 1915 Receivership

Newspaper Excerpt: R. J. Wright, formerly cashier and now acting as assistant to the receiver, testified regarding entries which were made in the books of the bank.
Source: newspapers

Newspaper Articles (1)

1. October 2, 1915 Tulsa Daily World Tulsa, OK

Article from Tulsa Daily World, October 2, 1915

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Article Text

THREE TEX. BANKERS ARE HELD FOR TRIAL HOUSTON, Sept. 30.-Following a preliminary hearing before United States Commissioner A. L. Jackson, H. J. Boiton and B. I. Taylor, officials of the First National bank of Wharton were bound over to await the action of the federal grand jury Thursday afternoon. Their bonds were fixed at $15,000 each, the same amount as previously and bail was furnished. National Bank Examiner C. W. Foster, who testified regarding alleged excessive loans which were made by the defendants in violation of the statute R. J. Wright, formerly cashier and now acting as assistant to the receiver, testified regarding entries which were made in the books of the bank. State Treasurer J. M. Edwards testified regarding the issuance of a school warrant for $7,300 which it is said was not credited to the school funds and no record made. of where it went.