First National Bank

Bank Information

Episode Type: Suspension → Closure
Bank Type: national
Bank ID: 12907
Charter Number: 12907
Start Date: February 1, 1933
Location: Oran, Missouri (37.085, -89.655)

Metadata

Model: gpt-5-mini
Short Digest: c5469db6

Response Measures

None

Description

Article (The Bloomfield Vindicator, 1933-01-20) states the 1st National Bank of Oran decided at its annual meeting to place the bank in voluntary liquidation beginning Feb. 1, 1933; deposits discontinued after Jan. 31 and depositors to be paid in full on demand. No run or receivership mentioned.

Events (3)

1. March 31, 1926 Chartered

Source: historical_nic

2. February 1, 1933 Suspension

Cause: Voluntary Liquidation
Cause Details: Stockholders voted to place the bank in voluntary liquidation beginning Feb. 1; bank to discontinue receiving deposits after Jan. 31 and pay depositors in full on demand.
Newspaper Excerpt: it was decided to place the bank in voluntary liquidation beginning Feb. 1st. ... After Jan. 31 the bank will discontinue receiving deposits
Source: newspapers

3. February 1, 1933 Voluntary Liquidation

Source: historical_nic

Newspaper Articles (1)

1. January 20, 1933 The Bloomfield Vindicator Bloomfield, MO

Article from The Bloomfield Vindicator, January 20, 1933

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Article Text

THE EXCHANGES ORAN BANK TO BE LIQUIDATED VOLUNTARILY At the regular annual meeting of stockholders of the 1st National Bank of Oran held Tuesday of last week it was decided to place the bank in voluntary liquidation beginning Feb. 1st. The officers and directors of the bank have had this action under consideration for several months and have finally decided that the prospect of operating the bank at a profit is SO remote as to render it impractical to continue operation. After Jan. 31 the bank will discontinue receiving deposits and will confine its activities to the payment of checks drawn by its depositors and the collection of outstanding notes. Each depositor will be paid in full on demand. ROBBED BANK OF $200.00 Robbers recently dug their way through a three-foot wall with the aid of crowbars and other tools taken earlier in the night from the Wagner and Sons blacksmith shop and the Missouri Pacific R. R. Co. tool house in Blodgett and looted the Blodgett Bank of $200.00 in cash. The wall pierced was that of the vault. No attempt was made to force an entrance to the safe apparently. Entrance to the bank building was gained by breaking pane of glass in a rear door and then unfastening the latch. One year ago the bank was robbed of $1300.