First National Bank (Calumet, OK)

View Charter #12200 on SPMC View balance sheet

Episode Information

Episode UID
1220001599
Episode Type
Suspension → Reopening
Bank Type
national
Bank ID
122000 national
Charter Number
12200
Start Date
March 3, 1933
Location
Calumet, Oklahoma

Metadata

Model
gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
bab2743489d1584b

Response Measures

None

Events (3)
1. May 16, 1922 Chartered
Source
historical_nic
2. March 3, 1933 Suspension
Cause
Government Action
Cause Details
Governor W. H. Murray proclaimed a three-day statewide bank moratorium/holiday to restrict withdrawals
Newspaper Excerpt
the three-day holiday called Gov. Murray in Oklahoma
Source
newspapers
3. March 15, 1933 Reopening
Newspaper Excerpt
Holman, cashier of the First National Bank Calumet, reported net gain of $10,264.45 in deposits during the opening; emerged from the holiday Wednesday morning all banks opened without any restrictions whatever
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 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

3. March 16, 1933 The El Reno American El Reno, OK
Article from The El Reno American, March 16, 1933

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Article Text

ALL CANADIAN BANKS OPEN WITHOUT Deposits Top Payments by on Opening Day Recovery Is Predicted NINE INSTITUTIONS ARE SWAMPED Two Weeks' Accumulation of Checks Keep Staffs for Long Powerful Drive Receives Strong Approval by Citizens Here Happy days were apparently here again this Canadian county folks grins watched the opening all of her banks without restrictions, undeniable evidence they are sound despite the gruelstruggle have ered during the three years of Predictions that few more months would witness complete upturn business all kinds general the listened and read the messages of President Roosevelt and that his leadership order of the financial chaos dazzling proval relief other measprevalent. morning witnessed of bank the county their and though amount of work was required ceive the weeks' checks and and take the needs for cash, checkup institutions the of the day that every instance the posits had payments Most of the banks ported no The fact that all banks in the counto open without any restrictions whatever, while many banks over the were either kept closed allowed open only with limited withdrawals, was greeted satisfaction the confidence and gratification the citizens demonstrated in the heavy depos- Banks Stronger Than Ever The belief also expressed that banks are in stronger condition day than many months not only the fact that the state and national governments have placed their stamp approval upon the but also because the holiday had the citizens deeper tion the usefulness of deposiWhile the banks allowed open the cash deposits, the of change the order opening did un early Wednesday morning. Guards the here any difficulties case of no appeared. ing the day, although the customers handled manner. gain deposits of El Reno banks Wednesday totalled day strenuous day spent institutions, main rush over and business had down to by the banks the treasury department, specifically stated that shall allow withdrawal currency for hoarding. reproduction one the licenses form an advertisement by the Citizens National Bank in this issue of The American. Canadian county banks were rejoic ing today they contemplated the happy results of the first business Wednesday, following the enforeed "holiday" which proclaimed by Murray March and tended by President Roosevelt to Emerging from the holiday Wednesday morning all banks pared withdrawals sary, withdrawals materialize. Instead, in every case the deposits poured rapid rate, pushing the total net increase in posits nine county banks proximately $150,000 for the day. "It looked just like harvest time years declared Union City head the Bank Union, the El Reno State Bank. He that the posits for the day were heavier than other day many months and there were The larg est check cashed by the Union bank during the day was Compliments New President that tactics being by President knockout to the depresDr. Richardson, the banks operating and public confidence that the secure. The $150,back into this and experiences over the nation will certainly have the money which has prevailed for many addition to being the president of the Dr. Richardmember the commit tee Oklahoma and of the leadOklahoma Paul Loosen, First Bank optimistic report first business he reportthat $23,000 gain deposits been made, of accounts unusual day that the bank more currency than During the more $150 paid cash the deposits exceeded all the expectathe officials. Ed Washecheck the Piedmont State Bank characterized day finest His institution than more than was paid and there The money paid out in $10 denominations where cash needed. Holman, cashier of the First National Bank Calumet, reported net gain of $10,264.45 in deposits durthe with more cash the close of the than the No encounterthe Calumet residents the future. withdrawals suffered either of the Yukon banks. ney the Yukon National reported day was real workout there were about days of business crowded into one substantial made deposits. At First National Bank of Yukon Phillips admitted that he hoped there never another bank holiday the opening ing strenuous to desired regular He report net gain of $8,500 deposits for the day.