Provident National Bank (Waco, TX)

View Charter #4309 on SPMC View balance sheet

Episode Information

Episode UID
430901294
Episode Type
Suspension → Closure
Bank Type
national
Bank ID
43090 national
Charter Number
4309
Start Date
October 28, 1907
Location
Waco, Texas (31.549, -97.147)

Metadata

Model
gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
cc445fed471a042c

Response Measures

None

Receivership Details

Depositor recovery rate
93.3%
Date receivership started
1927-03-26
Date receivership terminated
1935-09-07
OCC cause of failure
Losses

Description

1934 article explicitly places Provident National in receivership; 1907 regional closings may not clearly apply to Waco bank.

Events (4)
1. May 9, 1890 Chartered
Source
historical_nic
2. October 28, 1907 Suspension
Cause
Government Action
Cause Details
Proclamation closing banks for one week in Oklahoma (noted that northern Texas banks joined concerted action).
Newspaper Excerpt
Acting Governor Filson today issued a proclamation closing the banks of the territory for one week ... and all have taken similar action. The closing is for the purpose of protecting the banks in case of a run.
Source
newspapers
3. March 26, 1927 Receivership
Source
historical_nic
4. August 29, 1934 Suspension
Cause
Government Action
Cause Details
Placed in receivership (receiver for Provident National named/mentioned).
Newspaper Excerpt
resign his post as chairman or as receiver for the Liberty National and Provident National banks.
Source
newspapers

Newspaper Articles (2)
1. October 28, 1907 The Laramie Republican Laramie, WY
Article from The Laramie Republican, October 28, 1907

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Article Text

Oklahoma Banks Close for Week. Oklahoma City, Okla., Oct. 28.-Acting Governor Filson today issued a proclamation closing the banks of the territory for one week, on demand of the bankers. This action was taken because the banks at Kansas City and St. Louis refused to forward cash to the banks of the southwest. Concerted Action Taken. It is said that a consultation of the bankers of Oklahoma, Indian territory, Arkansas and northern Texas by means of the telephone took place during the early hours today, and all have taken similar action. The closing is for the purpose of protecting the banks in case of a run.

2. August 29, 1934 The Waco Times-Herald Waco, TX
Article from The Waco Times-Herald, August 29, 1934

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Article Text

CHAIRMAN OF BOARD QUITS E.C. Street Forced to Give Up Post or Retire as Liberty National Bank Receiver A. P. Cagle was declared nominee for representative, place one, by the county democratic executive committee Wednesday morning at the courthouse. Recheck of the returns against the tally sheets lost two votes for John Dollins, and made the Baylor profèsmajority 22 votes, the closest race ever recorded in the county. Good as Million' Dollins, addressing the committee, declared, "Twenty-two votes is as good as a million to complihis opponent, and said, "I'll be here two years from now, but won't be as nervous as have been today. He said he will not contest the elecThe two-vote change was in the Ross box, where the return sheet gave Dollins votes, but the tally sheet gave him 44. E. Street resigned Wednesday morning as chairman the democratic effective Sept the resignation being on demand of the federal that he either quit his post as chairman or as receiver for the Liberty National and Provident National banks. committee was appointed to nominate his successor. Notes Irregularities Street, in resigning, read prepared men, which was ordered spread on the minutes. in which he called attention to various irregular practices in holding elections, brought to light by Gayle's current contest of Joe Alexander's nominaTURN TO BACK PAGE. COL.