Bank of Spencer - Spencer, WV

Bank Information

Episode Type: Suspension → Closure
Bank Type: state
Start Date: February 1, 1914*
Location: Spencer, West Virginia (38.802, -81.351)

Metadata

Model: gpt-5-mini
Short Digest: a7034718

Response Measures

None

Description

Article states the bank suspended and is described as 'defunct'; suspension was caused by embezzlement by cashier O. B. Wetzel. No run is mentioned. Date taken from newspaper publication (Feb 1914).

Events (1)

1. February 1, 1914* Suspension

Cause: Bank Specific Adverse Info
Cause Details: Cashier O. B. Wetzel embezzled $20,000, which caused the bank to suspend.
Newspaper Excerpt: SPENCER—O. B. Wetzel, cashier of the defunct bank of Spencer, was found guilty of embezzlement ... He is charged with embezzling $20,000, which caused the bank to suspend.
Source: newspapers

Newspaper Articles (1)

1. February 9, 1914 The Fairmont West Virginian Fairmont, WV

Article from The Fairmont West Virginian, February 9, 1914

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Article Text

Gets Sentence. SPENCER—O. B. Wetzel, cashier of the defunct bank of Spencer, was found guilty of embezzlement in the circuit court here, and sentenced to a term of two years in the penitentiary. He is charged with embezzling $20,000, which caused the bank to suspend.