Waggoner National Bank of Vernon

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]