Article Text
BANK CLOSES IN OKLAHOMA. GUYMON, Okla., Nov. 8.—The Texas County National Bank at Guymon, Okla., did not open for business today.
Texas County National Bank (Guymon, OK)
Episode Information
- Episode UID
1217901487- Episode Type
- Suspension → Closure
- Bank Type
- national
- Bank ID
-
121790national - Charter Number
- 12179
- Start Date
- November 8, 1923
- Location
- Guymon, Oklahoma (36.683, -101.482)
Metadata
- Model
- gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
- Short Digest
9e0b6115e2ca00f7
Response Measures
None
Receivership Details
- Depositor recovery rate
- 68.0%
- Date receivership started
- 1923-11-13
- Date receivership terminated
- 1930-01-31
- OCC cause of failure
- Fraud
- Share of assets assessed as good
- 63.6%
- Share of assets assessed as doubtful
- 17.2%
- Share of assets assessed as worthless
- 19.2%
Description
Articles show the bank closed and went into receivership; reopening was discussed but later litigation indicates it did not resume normal operations.
Events (7)
1.
April 20, 1922
Chartered
- Source
- historical_nic
2.
November 8, 1923
Suspension
- Cause
- Government Action
- Cause Details
- Bank did not open for business on Nov. 8, 1923; suspension of operations (formal cause not specified in article).
- Newspaper Excerpt
- GUYMON, Okla., Nov. 8.—The Texas County National Bank at Guymon, Okla., did not open for business today.
- Source
- newspapers
3.
November 13, 1923
Receivership
- Source
- historical_nic
4.
January 24, 1924
Receivership
- Newspaper Excerpt
- Receiver Frank H. Letson, of the Texas County National Bank ... returned home last Saturday night. Mr. Letson says nothing will be known about the action of the Grand Jury ... and he has no idea when that will be. ... they will make their home here during the settlement of the bank's affairs.
- Source
- newspapers
5.
September 5, 1924
Receivership
- Newspaper Excerpt
- George R. McKinley, who has taken over the receivership of the Texas County National bank in place of Frank Letson ... When Letson left there were $35,000 in cash in the bank and $175,000 in outstanding loans.
- Source
- newspapers
6.
December 4, 1924
Other
- Newspaper Excerpt
- PROSPECTS FOR REOPENING BANK LOOKING GOOD ... committees are at work on plans for reopening the Texas County National bank ... they have in mind the idea that the bank will be able to reopen its doors some time in January.
- Source
- newspapers
7.
December 4, 1924
Receivership
- Newspaper Excerpt
- C. B. JENSEN IS NEW BANK RECEIVER ... Mr. 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 (6)
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Article Text
NO DEVELOPMENTS IN BANK CASE Receiver Frank H. Letson, of the Texas County National Bank, and Geo. E. Ellison, who were witnesses before the Federal Grand Jury last week, in the Texas County National Bank Case, returned home last Saturday night. Mr. Letson says nothing will be known about the action of the Grand Jury until it is given out by that body, and he has no idea when that will be. Enroute home he was joined by Mrs. Letson, and they will make their home here during the settlement of the bank's affairs. Attorney John L. Gilson, who is associated with J. S. Harris in the defence of H. A. Salter, said there were no developments in the case that would be of importance to the public so far as he knew at this time.
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Article Text
PANHANDLE BANK IS UNDER NEW CONTROL Special to The News. Guymon, Sept. 5.—George R. McKinley, who has taken over the receivership of the Texas County National bank in place of Frank Letson, who is now in Kansas City connected with the Fidelity National bank, has the situation well in hand, he reported yesterday. He is a capable man and went over the condition of the bank with Letson before he left. Letson's home is in Enid. When Letson left there were $35,000 in cash in the bank and $175,000 in outstanding loans. During the time that Letson was with the bank he paid off $105,000 in bills payable and rediscounts and made the recommendation that another 25 per cent dividends be paid in clearing up the business of the bank. Receivers certificates will total in the neighborhood of $175,000 and constitute the main liability of the bank. To pay these are assets which follow: loans, $117,000; cash, $35,000; building, furniture and fixtures, $12,500; cashier and assistant cashier's to
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Article Text
PROSPECTS FOR REOPENING BANK LOOKING GOOD Committees Report Satisfactory Co-Operation From Depositors. Two committees are at work on plans for reopening the Texas County National bank, and both committees report satisfactory progress and co-operation on the part of the depositors. The committee on reorganization is composed of W. D. Youtsler, W. W. Kennedy and H. W. Long. The stock subscription committee is made up of J. B. Langston, Clarence Harryman, Emmit Phillips and J. G. Gray. During the past few days waivers have been sent out for depositors or claimants to sign and while these waivers are addressed to the Comptroller of the Currency, they should be signed and returned to the reorganization committee composed of men as above named. While plans of reopening the bank are more or less indefinite those in charge of the work have in mind the idea that the bank will be able to reopen its doors some time in January. It may be said of the committee as above named that they are capable men and worthy of the confidence of the public, and the committees also feel that they are receiving splendid support in their efforts to get the bank reopened.
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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.
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Article Text
THE DIXON CASE WAS APPEALED Judge Sutton, his return from Boise City last week, overruled the motion filed for a new trial in the case of Earl Dixon against the Receiver of the Texas County National Bank, and notice of appeal was given. This is a case where Dixon sued the Receiver as a creditor of the de. funct bank, by reason of having purchased a note from the old Texas County Bank, the payment of said note being guaranteed by the bank, and not being able to collect the note from the makers, Mr. Dixon presented same to the receiver for payment on the guarantee. Payment was refused by the receiver, whereupon Mr. Dixon brought suit to have same declared an obligation of the bank. After a trial lastng most oif the day, the court directed the jury to find a verdiet for Mr. Dixon, which was done, establishing the note as an obligation of the bank. The Receiver was represented by Ross Rizley F. Hiner Dale and Jack Harris of Oklahoma City represented Mr. Dixon.