Altus National Bank (Altus, OK)

View Charter #12155 on SPMC View balance sheet

Episode Information

Episode UID
1215501599
Episode Type
Suspension → Reopening
Bank Type
national
Bank ID
121550 national
Charter Number
12155
Start Date
March 2, 1933
Location
Altus, Oklahoma

Metadata

Model
gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
e98be835751f663d

Response Measures

None

Description

Statewide three-day bank moratorium (Gov. Murray) applied to Altus banks; articles indicate a temporary holiday.

Events (2)
1. April 3, 1922 Chartered
Source
historical_nic
2. March 2, 1933 Suspension
Cause
Government Action
Cause Details
Governor W. H. Murray proclaimed a mandatory three-day bank moratorium for Oklahoma to curb withdrawals and allow legislative action
Newspaper Excerpt
The three-day holiday called Gov. Murray in Oklahoma ... the closing order made by the governor
Source
newspapers

Newspaper Articles (3)
1. March 2, 1933 Las Vegas Daily Optic East Las Vegas, NM
Article from Las Vegas Daily Optic, March 2, 1933

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Article Text

SEVENTEEN STATES CHECK RUNS ON BANK Seven More Join Movement to Restrict Withdrawals of Deposited Moneys THREE AND FOUR DAYS TO BE TEMPORARY HOLIDAYS Situation Easing in Some States as Legislatures Planned Curb Laws Mississippi, Arizona, Nevada and in Oregon today joined the states. which there are limitations placed on the withdrawals of deposits from banks. in which limitations on withdrawals now exist. The proclamation of Gov. Ralph at San Francisco makes mandatory the closing of California banks (or three-day period ending Saturday The three-day holiday called Gov. Murray in Oklahoma for same period also is mandatory. The of Gov. Allen of Louisiana provides for the sation until the end of the week "all public business including Banks and other public enterprises." Mississippi the decree of state banking called only (Continued On Page Two)

2. March 2, 1933 The Altus Times-Democrat Altus, OK
Article from The Altus Times-Democrat, March 2, 1933

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Article Text

On! Carry (Editorial) first started callgeneral bank suspension queer conbank ception the situation. Bank emtaking few days ployes might vacation bank executives are hard getting affairs in working again sounder shape open condition than ever. The whole depositors, regardwhat anyone might tell you about to the bank There nothing unduly excited moratorium not to lead about. We do that think anyone to believe attitude will help matpollyanna On the other hand the perwho takes advantage of the situation spread pessimism and out of town should run confident the whole matter are work without ultimate loss any local depositors. The people of this community are face to face with an emergency due economic circumstances over which they have control The Altus banks perfectly solvent and would have been able to have continued operations. The closing order made by the governor because conditions larger centers the and nancial Banks Oklahoma City, and larger cities the helpless because of the state shortage of cash and exchange the The New throughout York banks, with their usual squirselfishness, have sucked into York 74 cent of keeping it tion's cash and their refusing to use extend credit The result national financial impasse, which going better the Conjust the United States decides of country not being benefit of New York banks The local banks are absolutely conditions that They have acted developed. and to act in the inof all depositors, regardless of terest moratoriums, holidays whatnot. Altus banks should commended their stringent operating poliof the past three years which puts them in excelient posttion to meet this unusual the meantime Altus and Jackmust on The best county carry army fights most valiantly This no time dangerous or talking about spilled weeping milk. The people this must eat, must work, must We know that fundamentally this an honest only our people and integrity institutions but also have our confidence in mutual ability co-operatively the problem difficult emergency Those of face squarely the fresh obstacincident to outside. not local bank troubles and carry on possible initiative and determination quite likely to ride out are storm come through Confidence not cowardice, will Let's carry on regardless!

3. March 2, 1933 The Hobart Democrat-Chief Hobart, OK
Article from The Hobart Democrat-Chief, March 2, 1933

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Article Text

Lone Wolf Open But Just 'Changing'; Others Closed CITY. Mar. Extension of Oklahoma's bank day until Wednesday was recommended today by Bank Commiss sioner J. Barnett as the state government placed legislative and executive protection over the 453 Oklahoma banks and their depositors. The first flurry of excitement over, following Gov. W. H. Murray's three-day bank moratorium proclamation, state officials pared new stabilizing bill. Assurance of safety both banks and depositors was the keynote of the situation in Oklahoma. The unusual spectacle of such great confidennce is local banks that the institutions remained open today in the face of heavy demands occasioned by the state wide holiday was enacted at Idabel, Durant, Enid, Valliant and Alva. Bankers in these communities declared their situations so sound they saw no need of inconveniencing depositors. The redrafted bill authorizing the bank commissioner to banks under a plan of restricwithdrawals was being drawn up. The senate was prepared to suspend all other and send bill through its first stage. Preparing for immediate action, Speaker Tom Anglin called the house into session this morning without waiting for the scheduled m. meeting time. The bank holiday was declared, Murray explained, to give the islature time to enact lieve the proposed bill the bank commissioner sweeping power delay payment of deposits all banks, trust companies, savings banks and segregate deposits from old deposits, with no restriction on the new deposits. The bank virtual dictator over financial stitutions with emergency author needed rules and ity to adopt any daily reports. require SIXTEEN STATES HOLIDAYS TODAY BANK to restrict with. The movement of bank deposits spread drawals rapidly through the south and west last night and today states operated under decrees for bank holidays. CaliforMississippi, Oklahoma, nia, Arizona, Nevada and Oregon ordered brief bank holidays to give time for legislatures to draw withdrawals legislation limiting deposits. Louisiana went farther by orderholiday for all iness. The New Orleans cotton cotton market change, largest was closed. the country, Executives announcing the new holidays for forcing the other states restructions by placing tension of banks which unusual strain on an to continue business sought mally. ONE BANK IN ONLY STAYS OPEN COUNTY The First National bank at Lone Wolf was the only banking tution in Kiowa county which mained open today, and was just "making change," according made by the Demosurvey Banks here, at Mountain Cooperton, Mountain View and Snyder were all closed, was the one at Rocky. OREGON TOO Ore., Mar. Governor Meier today declared three-day legal holiday state Oregon starting continuing through