Article Text
Oklahoma Bank Closes Doors. Okla., Dec. National bank of Grove, The First banking institution this the last closed today. Frozen assets. to collect cattle cause of the paper given failure. Institution had deposits about $150,000.
First National Bank (Grove, OK)
Episode Information
- Episode Type
- Suspension → Reopening
- Start Date
- December 21, 1925
- Location
- Grove, Oklahoma (36.594, -94.769)
- Bank Type
- national
- Charter Number
- 10119
Metadata
Events (4)
1.
December 30, 1911
Chartered
- Source
- historical_nic
2.
December 21, 1925
Suspension
- Cause
- Bank Specific Adverse Info
- Cause Details
- Frozen assets; inability to collect cattle paper (bad agricultural loans) led to closure.
- Newspaper Excerpt
- Oklahoma Bank Closes Doors. Okla., Dec. National bank of Grove, The First banking institution this the last closed today. Frozen assets. to collect cattle cause of the paper given failure. Institution had deposits about $150,000.
- Source
- newspapers
3.
January 7, 1926
Reopening
- Newspaper Excerpt
- Jan National bank Grove which closed doors first, has been made with the introduction capital and the Institution reopened this was today.
- Source
- newspapers
4.
January 1, 1933
Voluntary Liquidation
- Source
- historical_nic
Newspaper Articles (2)
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Article Text
Jan National bank Grove which closed doors first, has been made with the introduction capital and the Institution reopened this was today.