First National Bank (Ardmore, OK)

View Charter #12472 on SPMC View balance sheet

Episode Information

Episode Type
Suspension → Reopening
Start Date
March 2, 1933
Location
Ardmore, Oklahoma (34.174, -97.144)
Bank Type
national
Charter Number
12472

Metadata

Episode ID
Bank ID
City ID
401089691
Model
gpt-5-mini
Short Digest

Notes

Dates and some phrases corrected for OCR; reopening described as expected but not confirmed in these articles.

Events (4)
1. December 14, 1923 Chartered
Source
historical_nic
2. March 2, 1933 Suspension
Cause
Government Action
Cause Details
Statewide three-day bank holiday/moratorium proclaimed by Oklahoma governor to restrict withdrawals
Newspaper Excerpt
the three-day holiday called Gov. Murray in Oklahoma ... the bank holiday was declared
Source
newspapers
3. March 15, 1933 Suspension
Cause
Bank Specific Adverse Info
Cause Details
Bank failed/closed; president's large block of capital stock is pledged as security to another bank, indicating solvency/management problems
Newspaper Excerpt
the bank in the city that failed to Wednesday, is in Kansas City ... Expects Bank to Reopen
Source
newspapers
4. April 20, 1933 Voluntary Liquidation
Source
historical_nic

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

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 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 Daily Ardmoreite Ardmore, OK

Article Text

HEAD OF BANK CONFERS WITH FEDERAL Leon Voorhees in Kansas City in Connection With Affairs of First National Bank, Said STOCK HELD AS SECURITY First National Bank of Tulsa Holds 1650 Shares, Property of Voorhees. Leon Voorhees, president of the First National Bank in Ardmore, which the bank in the city that failed to Wednesday, is in Kansas City day. there to see the federal serve officers have the power to open Ardmore bank capital stock of the bank $200,000, stock issued comprises shares. Of these 2000 shares, 1650 are the property the president, Voorhees These shares are held the First National bank of Tulsa security on note which dorsed for the company Walker, of the Tradesmens National bank Oklahoma City, shares of the the First National here, says cannot take the long the stock up. As conditions are Mr Walker were to money in the bank here he would but the value the note held by the First National bank of Expects Bank to Reopen When asked would take the over the released he did doubt but Voorhees would soon take hold of the bank and and invite the people open to come get their money. Walker said there banks the state that were allowed open are condition the bank here. He says Voorhees much property upon which can realize all the cash he needs the bank Ardmore he feels that this will be the outand In the meantime the people are holdthe First National has ing bag. hundreds depositors Men miles to place their come many because they felt funds The did not such security well but they did know Voorhees Walker they had unlimited know in bank which Walker confidence was Withdrew From Management Walker for past five not active in years the That management running followed the policies of First National were not his poliby the he withdrew from the management. Believes Deposits Safe that the It is the opinion First here depositors the called upon to make any will not be sacrifices. of the bank had been Ed Sandlin that he had $100,quoted as saying Page Two)