First National Bank (Boise City, OK)

View Charter #11084 on SPMC View balance sheet

Episode Information

Episode UID
1108401499
Episode Type
Suspension → Closure
Bank Type
national
Bank ID
110840 national
Charter Number
11084
Start Date
November 21, 1924
Location
Boise City, Oklahoma (36.729, -102.513)

Metadata

Model
gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
9b7cc73fb366604d

Response Measures

None

Receivership Details

Depositor recovery rate
52.3%
Date receivership started
1924-11-25
Date receivership terminated
1932-07-01
OCC cause of failure
Governance
Share of assets assessed as good
38.3%
Share of assets assessed as doubtful
51.5%
Share of assets assessed as worthless
10.2%

Description

Articles state the bank closed Nov. 21 and a receiver was named; no cause given.

Events (4)
1. October 12, 1917 Chartered
Source
historical_nic
2. November 21, 1924 Suspension
Cause Details
Article gives no reason for the bank's closure; only date of closing is reported.
Newspaper Excerpt
First National bank at Boise City which closed its doors Nov. 21.
Source
newspapers
3. November 25, 1924 Receivership
Source
historical_nic
4. December 4, 1924 Receivership
Newspaper Excerpt
Mr. C. B. Jensen ... was also named as receiver of the First National bank at Boise City which closed its doors on the 21st of November.
Source
newspapers

Newspaper Articles (2)
1. December 4, 1924 The Guymon Tribune Guymon, OK
Article from The Guymon Tribune, December 4, 1924

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Article Text

C. B. JENSEN IS NEW BANK RECEIVER Following the death of Receiver Geo. F. McKinley, Mr. C. B. Jensen of Perry was named as receiver of the Texas County National bank and arrived in town Saturday night. Mr. Jensen was also named as receiver of the First National bank at Boise City which closed its doors on the 21st of November. Mrs. Ivan S. Perkins has the affairs of the local bank well in hand and is looking after the Texas County National during the absence of the receiver in Cimarron county.

2. December 16, 1924 The Oklahoma News Oklahoma City, OK
Article from The Oklahoma News, December 16, 1924

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Article Text

BANK RECEIVER NAMED Special to The News PERRY, Okla., Dec. 16.—C. D. Jensen has been named receiver for the First National bank at Boise City which closed its doors Nov. 21. An attempt will be made to reorganize the bank, it is said.