Waggoner National Bank of Vernon

Sign of the Waggoner National Bank in Vernon, Texas in 2008.

The Waggoner National Bank of Vernon is a historic local bank in Vernon and Electra, Texas.

History

The bank was chartered by the United States Department of the Treasury on July 3, 1899.^[1][2] It was the result of a former local bank founded by Mr R.C. Neal in Vernon in 1893 named the R.C. Neal Banking Company.^[3] Its founding President was William Thomas Waggoner, the owner of the Waggoner Ranch, who served in this capacity for a duration of eight years, from 1899 to 1907.^[1] The founding Vice President was L.G. Hawkins, after whom the local Hawkins Elementary School is named.^[1]

The bank is present both in Vernon in Wilbarger County and Electra in Wichita County.^[4] It is a member of the Electra Chamber of Commerce and Agriculture.^[5] It also operates the subsidiary, Vernon Bancshares, Inc..^[2]

Its Board of Directors includes fifteen members.^[6] The President and Chief Executive Officer is J. Michael Terrell.^[6]

References