Woods National Bank (San Antonio, TX)

Episode Information

Episode Type
Suspension โ†’ Closure
Start Date
November 7, 1907
Location
San Antonio, Texas (29.424, -98.494)
Bank Type
national
Charter Number
7316

Metadata

Receivership Details

Depositor recovery rate
97.5%
Date receivership started
1907-11-09
Date receivership terminated
1912-10-31
OCC cause of failure
Losses
Share of assets assessed as good
68.1%
Share of assets assessed as doubtful
28.6%
Share of assets assessed as worthless
3.3%

Notes

Later reporting (1911) attributes failure to cashier embezzlement during the 1907 panic.

Events (4)

1. June 25, 1904 Chartered
Source
historical_nic
2. November 7, 1907 Suspension
Cause
Bank Specific Adverse Info
Cause Details
Board of directors ordered suspension on Nov 7; later evidence indicates cashier Will F. Woods' embezzlement precipitated failure.
Newspaper Excerpt
The Woods National Bank of this city suspended shortly after noon today.
Source
newspapers
3. November 9, 1907 Receivership
Newspaper Excerpt
Henry N. Morris, receiver of ... the Woods national bank of San Antonio, Tex., ... has accepted the appointment ... (article mentions Morris as receiver).
Source
newspapers
4. November 9, 1907 Receivership
Source
historical_nic

Newspaper Articles (12)

Article from The Sun, November 8, 1907

Click image to open full size in new tab

Article Text

Texas National Bank Suspends Payment

DALLAS, Tex., Nov. 7.-State Commissioner of Banking T. B. Love received a telegram from San Antonio this evening announcing that the Woods National Bank, a $200,000 institution. had suspended payment to-day. The statement is made that the bank is solvent


Article from Arizona Republican, November 8, 1907

Click image to open full size in new tab

Article Text

SAN ANTONIO BANK SUSPENDS

San Antonio, Nov. 7.-The Woods National bank of this city suspended shortly after noon today.


Article from The Montgomery Advertiser, November 8, 1907

Click image to open full size in new tab

Article Text

Texas Bank Suspends

San Antonio, Tex., Nov. 7.-By order of the Board of Directors of the institution, the Woods National Bank of this city suspended shortly after noon today.


Article from Albuquerque Morning Journal, November 8, 1907

Click image to open full size in new tab

Article Text

Texas Bank Suspends

Ban Antonio, Texas, Nov. 7.-The Woods National Bank. of this city, suspended shortly after noon today.


Article from Tonopah Daily Bonanza, November 8, 1907

Click image to open full size in new tab

Article Text

SMALL BANK SUSPENDS

SAN ANTONIO, Nov. 7.-Woods National Bank of this city suspended shortly after noon.


Article from The Marion Daily Mirror, November 8, 1907

Click image to open full size in new tab

Article Text

A National Bank Fails

San Antonio, Tex., Nov. 8.-By order of the board of directors of the institution, the Woods national bank, of this city, suspended Thursday. Its last statement showed deposits of $1,292,000


Article from The Cairo Bulletin, November 8, 1907

Click image to open full size in new tab

Article Text

TEXAS BANK SUSPENDS

San Antonio, Tex., Nov. 7.-By order of the board of directors of the institution the Woods National Bank of this city suspended today. The liabilities statement of August 22 last shows a capital and surplus of $215,862, circulation $200,000; deposits $1.292,256.


Article from Los Angeles Herald, November 8, 1907

Click image to open full size in new tab

Article Text

Texas Bank Suspends By Associated Press. SAN ANTONIO, Texas, Nov. 7.-The Woods National bank of this city suspended shortly after noon today.


Article from Bryan Morning Eagle, November 8, 1907

Click image to open full size in new tab

Article Text

Bank Suspends Payment

San Antonio, Nov. 7.-Woods National bank has suspended payment. The statement is made that It is sol vent.


Article from Tonopah Bonanza, November 9, 1907

Click image to open full size in new tab

Article Text

SMALL BANK SUSPENDS

SAN ANTONIO, Nov. 7.-Woods National Bank of this city suspended shortly after noon.


Article from The San Francisco Call, March 23, 1910

Click image to open full size in new tab

Article Text

RECEIVER MORRIS IS NAMED BANK EXAMINER Will Cover San Francisco-Alameda County District OAKLAND, March 22.-Henry N. Morris, receiver of the Union national bank of this city and the Woods national bank of San Antonio, Tex., has accepted the appointment of national bank examiner for the district comprising San Francisco and Alameda counties at the request of the comptroller of the treasury. Morris takes the place of C. F. Roreback, who has been transferred to Chicago. Roreback came to Oakland and took temporary charge of the Union national when the bank was closed. Morris succeeded Roreback as receiver. He has rapidly wound. up the bank's affairs, and they are in such excellent condition of liquidation that the creditors will receive dollar for dollar with interest. Morris expects to close up the settlement this year. Concerning his new duties Morris said tonight: "The affairs of the two banks which I have been handling are in such shape that I can take up the examiner's WOI which the comptroller of the current has asked me to handle. That is th situation in a nutshell. I shall sontinue to handle the Union national's affairs in connection with my increased duties."


Article from Shiner Gazette, August 31, 1911

Click image to open full size in new tab

Article Text

PARDON FOR WOODS

Friends of Former San Antonio Banker Are at Work. San Antonio, Texas, August 46.-The friends of WillF. Woods, former cashicr of the defunct Woods National Bank, who is serving a term of eight years in the Leavenworth penintentiary for embezzlement, are at work to have him pardoned. This action followed the announcement that another dividend will be paid on deposits in the defunct bank, This will make 98 per cent of the total amount returned to the depositors. National Bank Examiner H. N. Morris, who was former receiver of the bank, is now here in regard to the matter. Woods' defalcation resulted in the bank's failure during the panic of 1907.