15679. First National Bank (Lawton, OK)

View Charter #5914 on SPMC

Bank Information

Episode Type
Run → Suspension → Closure
Bank Type
national
Bank ID
5914
Charter Number
5914
Start Date
November 24, 1921
Location
Lawton, Oklahoma (34.609, -98.390)

Metadata

Model
gpt-5-mini
Short Digest
3565ff0ba14d3149

Response Measures

Full suspension, Books examined

Receivership Details

Date receivership started
1921-12-12
OCC cause of failure
Losses

Description

Multiple contemporary articles (Dec 8, 1921) report a quiet run of about two weeks with large withdrawals followed by the board closing the bank and calling a national bank examiner; a receiver was subsequently appointed (reference to a former receiver of the First National in a 1925 article). Cause is attributed to rumors/local controversy. Dates corrected/standardized from newspaper publication dates.

Events (7)
1. July 24, 1901 Chartered
Source
historical_nic
2. November 24, 1921 Run
Cause
Rumor Or Misinformation
Cause Details
A quiet run over roughly two weeks precipitated by rumors and local controversy; papers blame rumors and propaganda, spread by enemies of the bank.
Measures
Bank officers called a national bank examiner; board later ordered closure after heavy withdrawals (more than $500,000).
Newspaper Excerpt
the institution has been subjected to a quiet run of nearly two weeks.
Source
newspapers
3. December 8, 1921 Receivership
Newspaper Excerpt
A bank examiner who was called in by the directors is now in charge of the institution.; Federal Bank Receiver Is Given Post as Senator's Personal Representative (refers to former receiver for the First National).
Source
newspapers
4. December 8, 1921 Suspension
Cause
Rumor Or Misinformation
Cause Details
Board of directors closed the bank following the quiet run driven by rumors and local controversy; examiner put in charge of the institution.
Newspaper Excerpt
The First National Bank of Lawton closed its doors this morning after doing a half hour's business.
Source
newspapers
5. December 12, 1921 Receivership
Source
historical_nic
6. May 22, 1922 Restored To Solvency
Source
historical_nic
7. November 18, 1922 Receivership
Source
historical_nic

Newspaper Articles (4)
1. December 8, 1921 The Daily Ardmoreite Ardmore, OK
Article from The Daily Ardmoreite, December 8, 1921

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Article Text

LAWTON'S OLDEST BANK CLOSES DOORS LAWTON, Okla., Dec. -The First National Bank of Lawton closed its doors this morning after doing a half hour's business. No announce ment was made but it was indicated a statement might be made later in the day. The bank is capitalized at $200,000. S. F. Sullenberger, national bank examiner, who was called to Lawton by the recent failure of the Security National Bank, was called in by of ficers of the First National. According to officers of the bank, the institu. tion has been subjected to a quiet run of nearly two weeks. The First National had a surplus and undivided profits totaling $150,0.0 and at the time of the last report, $1,700,000 in deposits. It was the oldest bank in Lawton, having been opened in 1901. Officers of the organization are: President. N. A. Robertson: Vicepresidents W. H. Quintette, Guy C. Robertson, E. L. Richardson and J. M. Painter, and Cashier Sam Mad. dox.

2. December 8, 1921 The Chickasha Daily Express Chickasha, OK
Article from The Chickasha Daily Express, December 8, 1921

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Article Text

Lawton Bank Goes Over To Examiner and Doors Closed Lawton, Okla., Dec. 8.-The First National Bank of Lawton was closed at 10 o'clock this morning, by order of its board of directors. The action of the board followed a quiet run on the bank for the past two weeks or more during which more than $500, 000 was withdrawn. The bank had a capital stock of $200,000 and surplus and undivided profits amounting to about $150,000. Its deposits aggregated approximately $1,300,000. A bank examiner who was called in by the directors is now in charge of the institution. It is alleged that local controversy involving rival interests gave rise to rumors which started the run on the bank.

3. December 15, 1921 The Butler Weekly Times and the Bates County Record Butler, MO
Article from The Butler Weekly Times and the Bates County Record, December 15, 1921

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Article Text

The First National bank of Lawton, Okia, closed its doors at IC o'clock Tuesday morning, following a quiet, but persistent run that has been in progress for the last week. Rumors and propaganda, spread by enemies of the bank, are blamed by officers of the bank as the cause of the run.

4. November 22, 1925 The Lawton Constitution Lawton, OK
Article from The Lawton Constitution, November 22, 1925

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Article Text

PAGE TO MANAGE HARRELD CAMPAIGN Federal Bank Receiver Is Given Post as Senator's Personal Representative Irving Page. former receiver for the First National bank of Lawton, will manage the campaign for Senator W Harreld. republican, for re-election to the senate, according to an announcement sent to newspapers over the state Saturday from Harreld's office at Oklahoma City, Page, four years ago. ran for state treasurer on the republican ticket and since that time has held a federal position as receiver for failed banks in various parts of the state. In recent months he nas been flirting with politicians over the state, letting it be known casually that he be might a candidate for governor His acceptance of position as Harreld's personal representative evidentremoves him from the field of active candidates. The statement from Senator Haroffice reads Senator J. W. Harreld announced