First National Bank (Ada, OK)

View Charter #12591 on SPMC View balance sheet

Episode Information

Episode UID
1259101599
Episode Type
Suspension → Reopening
Bank Type
national
Bank ID
125910 national
Charter Number
12591
Start Date
March 2, 1933
Location
Ada, Oklahoma (34.775, -96.678)

Metadata

Model
gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
48481974c766323a

Response Measures

None

Events (3)
1. November 1, 1924 Chartered
Source
historical_nic
2. March 2, 1933 Suspension
Cause
Government Action
Cause Details
Statewide three-day bank moratorium proclaimed by Oklahoma Governor W. H. Murray to restrict withdrawals and allow legislation to be passed
Newspaper Excerpt
the three-day holiday called Gov. Murray in Oklahoma ... the bank holiday was declared, Murray explained, to give the legislature time to enact ...
Source
newspapers
3. March 23, 1933 Reopening
Newspaper Excerpt
The long bank holiday has ended at last and once more things are running along the usual routine. ... the banks of Ada ... are in the restricted class ... hence may take up where they left off and transact what business they deem advisable.
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 23, 1933 The Ada Weekly News Ada, OK
Article from The Ada Weekly News, March 23, 1933

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Article Text

A book that attracting some attention asserts that life begins at the of Perhaps the author is not far age from right. To learn to make most of life requires time and thought. It is not to the slant life with its easy get proper on full meaning before that Having acquired this knowledge age. is in position to make more of his life than during the long when gaining experience. The man of 50 is far from years being dead one, unless he simply gives and sits down to up for the final call. man more kick out of life can get that than ever before, he will only think Even age he can still find plenty of interest in living and at 70 there need of stepping back and moping around waiting to die. One of the old most interesting persons we ever met was an lady past 80 who had matriculated the year before as freshin university. Physically and mentally alert she took deep interest in everything and intended to keep on acquiring knowledge long life lasted. There was no about her and she thought it strange that others regarded her choice as something remarkable. She was doing what she had always wanted to do and was thoroughly happy. The long bank holiday has ended at last and once more things are running along the usual routine. As had been expectthe banks of Ada, Stonewall and Roff are in the stricted class, which means that they are regarded as thoroughly sound, hence may take up where they left off and transact whatbusiness they deem advisable. Although doing without banking facilities caused much inconvenience, the public been patient and cheerful, knowing that such step was to readjustment of the banking system which would make safe. New laws have been enacted and henceforth thoroughly bank will be This will the banks not possible. give themselves feeling of security that they did not possess before and will make possible to be more liberal in making safe loans. The feeling of restored confidence was manifest today depositors hastened to the banks with their funds. Throughout the nation feeling of confidence has replaced fear that had cast its spell over the spirits of the people and all look forward the beginning of new era of prosperity that has long.