Article Text
SAN ANTONIO BANK SUSPENDS. San Antonio, Nov. 7.-The Woods National bank of this city suspended shortly after noon today.
Woods National Bank (San Antonio, TX)
Episode Information
- Episode UID
731601295- Episode Type
- Suspension → Closure
- Bank Type
- national
- Bank ID
-
73160national - Charter Number
- 7316
- Start Date
- November 7, 1907
- Location
- San Antonio, Texas (29.424, -98.494)
Metadata
- Model
- gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
- Short Digest
cf989293a27fd5d9
Response Measures
None
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%
Description
Later reporting and prosecution indicate a cashier's embezzlement precipitated the failure.
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; later reporting attributes failure to cashier Will F. Woods's embezzlement.
- Newspaper Excerpt
- San Antonio, Nov. 7.-The Woods National bank of this city suspended shortly after noon today.
- Source
- newspapers
3.
November 9, 1907
Receivership
- Source
- historical_nic
4.
November 9, 1907
Receivership
- Newspaper Excerpt
- Henry N. Morris, receiver ... and the Woods national bank of San Antonio, Tex., has accepted the appointment ... Morris succeeded Roreback as receiver.
- Source
- newspapers
Newspaper Articles (12)
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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.
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Texas Bank Suspends. Ban Antonio, Texas, Nov. 7.-The Woods National Bank. of this city, suspended shortly after noon today.
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SMALL BANK SUSPENDS. SAN ANTONIO, Nov. 7.-Woods National Bank of this city suspended shortly after noon.
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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
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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.
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Texas Bank Suspends By Associated Press. SAN ANTONIO, Texas, Nov. 7.-The Woods National bank of this city suspended shortly after noon today.
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Bank Suspends Payment. San Antonio, Nov. 7.-Woods National bank has suspended payment. The statement is made that It is sol vent.
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SMALL BANK SUSPENDS. SAN ANTONIO, Nov. 7.-Woods National Bank of this city suspended shortly after noon.
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Texas Bank Closes Doors Morning Times Special. San Antonio, Texas, Nov. 7.-The Woods National Bank, which has over one million in deposits, suspend ed payment today. marked that he would have about sixteen thousand dollars worth more cotton sell.
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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."
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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.