15653. First National Bank (Hugo, OK)

View Charter #6130 on SPMC

Bank Information

Episode Type
Suspension → Closure
Bank Type
national
Bank ID
6130
Charter Number
6130
Start Date
May 1, 1925*
Location
Hugo, Oklahoma (34.011, -95.510)

Metadata

Model
gpt-5-mini
Short Digest
0b7ecdfa4584e261

Response Measures

None

Description

Articles (Feb–Mar 1928) report Roy Cooper, a national bank receiver, had been appointed receiver for the Hugo National, City National, and the First National Bank in May 1925. That indicates First National had previously failed and a receiver was appointed (i.e., closed and in receivership). OCR errors in the clippings were corrected (e.g., fragmented sentences). No mention of a depositor run or reopening; thus classified as a suspension leading to closure/receivership.

Events (3)
1. February 18, 1902 Chartered
Source
historical_nic
2. September 3, 1923 Voluntary Liquidation
Source
historical_nic
3. May 1, 1925* Receivership
Newspaper Excerpt
he was named the comptroller receiver for the Hugo National in May, he placed charge Natof Hugo and First National bank
Source
newspapers

Newspaper Articles (2)
1. February 24, 1928 Tulsa World Tulsa, OK
Article from Tulsa World, February 24, 1928

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Article Text

FORMER STATE OFFICER DIES Roy Cooper, Receiver for Banks. Found Dead in Room of Hotel at Hugo HUGO. Feb. 23 the defunct Hugo National and City National banks and the First National bank dead today in his room in a local He apparently had been dead for Physicians said death was due to heart disease. Prior to Cooper's appointas bank here in May, 1925. he was for many tional bank and was well known banking circles. one time he was examiner for the was prominent in state republican Mr. Cooper's home was at Muskogee where his family, and two reside. He native

2. March 1, 1928 The Antlers American Antlers, OK
Article from The Antlers American, March 1, 1928

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Article Text

NATIONAL BANK HUGO FOUND DEAD Roy Cooper, national bank receiver, dead bed in the Belmont hotel Hugo shortly after o'clock parently caused by heart failure, Cooper many years national examHe was for time the State department. He was in the employ of the comptrollthe time he named the comptroller receiver for the Hugo National in May, he placed charge Natof Hugo and First National bank remains were shipped to Jennings, for burial. Mrs. Burnett and Mrs. Burof Texas, visiting their parents, Mr. Mrs. M. Brock and Mr. Mrs. Moon, respectively. Telephone local news to 116.