Peoples Bank & Trust Company (Wann, OK)

Episode Information

Episode UID
86090971472
Episode Type
Run → Suspension → Reopening
Bank Type
trust
Bank ID
8609097 routing
Routing Number
86-0909
Start Date
August 1, 1922
Location
Wann, Oklahoma (36.915, -95.804)

Metadata

Model
gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
fbc670aebd848520

Response Measures

None

Events (4)
1. August 1, 1922 Run
Cause
Rumor Or Misinformation
Cause Details
Rumor that most of its assets were in a Bartlesville bank which had failed.
Measures
Bank closed its doors (temporary suspension) following heavy withdrawals.
Newspaper Excerpt
was forced to close its doors recently on account of an excessive run.
Source
newspapers
2. August 1, 1922 Suspension
Cause
Rumor Or Misinformation
Cause Details
Closure followed excessive withdrawals triggered by rumor linking its assets to a failed Bartlesville bank.
Newspaper Excerpt
Peoples Bank & Trust company at Wann, which was forced to close its doors recently on account of an excessive run.
Source
newspapers
3. August 2, 1922 Other
Newspaper Excerpt
J. M. Vincent, vice president of the First National bank here, has bought the controlling interest in the Peoples Bank & Trust company at Wann ... The reorganized institution will commence business with $15,000 capital, $5,000 more than the former bank had. The bank was not really insolvent, but had to close its doors ... (reorganization/sale reported).
Source
newspapers
4. August 2, 1922 Reopening
Newspaper Excerpt
The reorganized institution will commence business with $15,000 capital ... (reopening planned).
Source
newspapers

Newspaper Articles (2)
1. August 2, 1922 The Morning Tulsa Daily World Tulsa, OK
Article from The Morning Tulsa Daily World, August 2, 1922

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Article Text

DEFUNCT BANK IS SOLD Nowata Banker Purchases Control of Wann Firm and Reorganizes It. Special to The World. BEGGS. Aug. 1.-J. M. Vincent. vice president of the First National bank here, has bought the controlling interest in the Peoples Bank & Trust company at Wann, which was forced to close its doors recently on account of an excessive run. The reorganized institution will commence business with $15,000 capital, $5,000 more than the former bank had. The bank was not really insolvent, but had to close its doors on account of a rumor that most of its assets were in a Bartlesville bank which had failed,

2. August 4, 1922 The Daily Ardmoreite Ardmore, OK
Article from The Daily Ardmoreite, August 4, 1922

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Article Text

Defunct Bank Is Sold BEGGS.-J. M. Vincent, vice president of the First National Bank here, has bought the controlling interest in the Peoples Bank and Trust Company at Wann, which was forced to close its doors recently on account of an excessive run.