15488. Farmers State Bank (Asher, OK)

Bank Information

Episode Type
Suspension → Closure
Bank Type
state
Start Date
April 1, 1924*
Location
Asher, Oklahoma (34.990, -96.924)

Metadata

Model
gpt-5-mini
Short Digest
23a4fb73ff3f7c2c

Response Measures

None

Description

Articles state that the Farmers State Bank at Asher closed in April 1924 and list it among county/state bank failures. No contemporaneous description of a depositor run is given. The broader context cites financial stringency and crop failures in the region, so closure appears related to local agricultural/credit distress rather than a singular run. OCR errors in Article 1 were corrected (e.g., 'closed April 1924' parsed from 'closed April 1924. appear').

Events (2)
1. April 1, 1924* Suspension
Cause
Local Shock
Cause Details
Closed April 1924 as part of a wave of local/state bank failures associated with financial stringency and crop failures in the region (Pottawatomie County/Oklahoma).
Newspaper Excerpt
With the closing of the bank. the bank the Farmers State bank Asher closed.
Source
newspapers
2. February 24, 1929 Other
Newspaper Excerpt
In 1924 there were two the Dale State bank Dale the Farmers State bank Asher. Later there failure the Security State bank at Wanette. ... Crop failures injured banks in the regions though. Though huge sums money were lost when the failed counties state, including Pottawatomie, dollars have been ... the records indicated. Pottawatomie County's Luck Seems to Have Changed; Conditions Better (News Capital Bureau) CITY, Feb. ... none since the failure of the Home State bank Tecumseh in November, 1928, according to records of the state banking department. The article lists Farmers State Bank (Asher) among earlier failures in 1924 and discusses county banking conditions in 1929, but does not report any reopening or receivership for Farmers State Bank Asher in the text provided. (Article date used as contextual reference.)
Source
newspapers

Newspaper Articles (2)
1. September 21, 1927 Shawnee News-Star Shawnee, OK
Article from Shawnee News-Star, September 21, 1927

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Article Text

BANKERS Former Officers of Defunct Bank of Commerce Charged Violation Banking Laws Three Wallace Caldwell and RusCaldwell, all former officials of the National Bank of Comclosed April 1924. appear for trial in federal City of been for the hearing The violation of the national banking Estill was president of the bank time its closing. bank report March showed posits $980,893 92, loans of with total ilabilities of With the closing of the bank. the bank the Farmers State bank Asher closed. the First National Tecumsch merged with the TecumNational which Rosebush president. All the banks known the Caldwell banks. being owned by members the Caldwell family The Commerce formed by old National and Caldwell bank the year before the failure.

2. February 24, 1929 Shawnee News-Star Shawnee, OK
Article from Shawnee News-Star, February 24, 1929

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Article Text

Pottawatomie County's Luck Seems to Have Changed; Conditions Better (News Capital Bureau) CITY, Feb. tawatomie county has had its share state bank failures, but none since the failure of the Home State bank Tecumseh in November, 1928, according to records of the state banking department. In 1924 there were two the Dale State bank Dale the Farmers State bank Asher. Later there failure the Security State bank at Wanette. Bank failures Oklahoma have 1927, when there goodly number. Many bank registered Shull, bank state banks not ones experience difficulties. the credit financial stringency the period had passed, became better bilized in all sections Oklahoma. Crop failures injured banks in the regions though. Though huge sums money were lost when the failed counties state, including Pottawatomie, dollars have been sult the activities the liquidatagents, Shull said. some the depositors did much money thought to distribute from the because large amounts preferred and secured claims that had taken care of, having priority settlement. county closed yet, bringing the prospect there will be for former depositors. the records indicated.