Question

How did the banking industry prove to be a profitable connection for Frank Phillips?

A) He was able to become a partner in the bank.
B) He built banks all over the state.
C) He used bank connections to open other doors.
D) He made money from bankers.

Answer 1

B) he built banks all over the state

Explanation: Realizing that banking offered more security than wildcatting for oil, as early as 1905 Frank and L. E. had organized a Bartlesville bank. Shortly before World War I the brothers began reducing oil interests in hopes of opening a chain of banks in the Midwest.