Bank of Wann (Wann, OK)

Episode Information

Episode UID
1987218491469
Episode Type
Suspension → Closure
Bank Type
state
Bank ID
198721849 hash
Start Date
May 19, 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
ece87a55ac056d65

Response Measures

None

Description

Closure is described as permanent with county losses paid by bonding company; no run is reported in the articles.

Events (2)
1. May 19, 1922 Suspension
Cause
Bank Specific Adverse Info
Cause Details
Institution reported unstable; correspondent/local banks stopped accepting its checks for several weeks.
Newspaper Excerpt
The failure of the bank of Wann, Nowata county, which was reported this morning as due to the suspension of the Bartlesville State bank, was not connected in any way with the suspension of the local institution except possibly in a moral way, declared State Bank Examiner Patten this morning.
Source
newspapers
2. February 23, 1924 Other
Newspaper Excerpt
The bonding company ... was forced to pay $9,770.09 to the county to cover the loss sustained on county deposits in the Bank of Wann, which closed its doors several months ago.
Source
newspapers

Newspaper Articles (2)
1. May 20, 1922 The Morning Tulsa Daily World Tulsa, OK
Article from The Morning Tulsa Daily World, May 20, 1922

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Article Text

DISCLAIM THE DISTINCTION Bartlesville Bank Not Cause of Insolvency of Bank of Wann. BARTLESVILLE, May 19.-The failure of the bank of Wann, Nowata county, which was reported this morning as due to the suspension of the Bartlesville State bank, was not connected in any way with the suspension of the local institution except posibly in a moral way, declared State Bank Examiner Patten this morning. It was learned today that Bartlesville banks have not been accepting checks on the Wann bank for several weeks because of the reported condition of instability of that institution.

2. February 24, 1924 Tulsa World Tulsa, OK
Article from Tulsa World, February 24, 1924

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Article Text

TO INSPECT RECORDS Office Will Be Closed Until Complete Audit Is Made by Examiner Special to The World. NOWATA, Feb. 23.—J. S. Rutherford, county treasurer, has tendered his resignation to the board of county commissioners, and L. T. Kinkead has been appointed to fill out the unexpired term. The resignation of Mr. Rutherford was tendered when the bonding company on his official bond asked to be relieved as his surety. The action of the bonding company came as the result of being forced to pay $9,770.09 to the county to cover the loss sustained on county deposits in the Bank of Wann, which closed its doors several months ago. These funds were not protected by bond. Following on the heels of the Wann bank failure, there was on deposit in the Nowata National bank, which closed its doors last week $2,200 of the county's funds. These funds were also unprotected and it is probable that the bonding company will be compelled to pay this amount to the county. The office of the county treasurer is closed pending the arrival of an auditor from the state examiner and inspector's office.