15705. Peoples State Bank (Morris, OK)

Bank Information

Episode Type
Run → Suspension → Closure
Bank Type
state
Start Date
February 2, 1925
Location
Morris, Oklahoma (35.608, -95.860)

Metadata

Model
gpt-5-mini
Short Digest
ac072b1027558104

Response Measures

None

Description

Multiple newspapers report a slow run over several weeks that depleted cash and the bank failed to open its doors in early February 1925. The original Peoples State Bank closed and later operations resumed under the name Security State Bank (reported by April 3, 1925), indicating the original institution closed and was succeeded by a new bank. Dates are taken from publication context (closure reported as failing to open doors Monday, Feb 2, 1925; reopening reported by April 3, 1925).

Events (4)
1. February 2, 1925 Run
Cause Details
A 'slow run' of withdrawals over several weeks that nearly depleted the bank's cash fund; no specific rumor or external shock identified.
Measures
None reported beyond continuing operations until failing to open; heavy withdrawals led to depletion of cash.
Newspaper Excerpt
Lucas said that there had been a 'slow run' the bank's cash extending over several weeks and the cash fund almost depleted.
Source
newspapers
2. February 2, 1925 Suspension
Cause Details
Bank closed (did not open) after cash was nearly depleted by the slow run.
Newspaper Excerpt
failed to open its doors Monday morning, according to J. D. Lucas, deputy state banking examiner.
Source
newspapers
3. April 3, 1925 Other
Newspaper Excerpt
Peoples State Bank of Morris, which closed its doors month ago after steady run the bank. been reopened the name the Security State Bank.
Source
newspapers
4. April 3, 1925 Reopening
Newspaper Excerpt
Peoples State Bank of Morris... been reopened the name the Security State Bank. ...Stockholders declare renewed steady ... has been elected vice president.
Source
newspapers

Newspaper Articles (4)
1. February 3, 1925 The Houston Post Houston, TX
Article from The Houston Post, February 3, 1925

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Article Text

Slow Run on Oklahoma Bank Closes Institution People's State bank Morris, seven miles east here, failed to open doors Monday to D. Lucas, deputy State bank examiner. Lucas said that there had been a 'slow run" the bank's cash extending over several weeks and the cash fund almost depleted.

2. February 3, 1925 Morning Examiner Bartlesville, OK
Article from Morning Examiner, February 3, 1925

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Article Text

MORRIS BANK CLOSES ples' State bank Morris, east of here, failed to doors Monday morning, cording to Lucas, deputy bank examiner. Lucas said that there had been "slow the bank's cash extending weeks and the cash fund almost depleted.

3. February 5, 1925 Weleetka American Weleetka, OK
Article from Weleetka American, February 5, 1925

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Article Text

BANK AT MORRIS FAILS AFTER SIX WEEKS RUN Okmulgee,-The Peoples State bank at Morris, seven miles east of here, failed to open its doors Monday morning, according to J. D. Lucas, deputy state banking examiner. Lucas said that there had been a "slow run" on the bank's cash extending over several weeks and the cash fund was almost depleted. A negro who had unwisely assimilated some alien chickens heard the sheriff was on their trail. Hastily he sought the agent of the railroad, asking for a ticket to the end of the line. The passenger train left a few min utes ago, replied the agent. "Well," gasped the hard-breathing tourist, "jes' gimme de ticket and p'int out de track.

4. April 3, 1925 The Enid Morning News Enid, OK
Article from The Enid Morning News, April 3, 1925

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Article Text

MORRIS STATE BANK OPENED Peoples State Bank Reopened Security State Bank. MORRIS, Peoples State Bank of Morris, which closed its doors month ago after steady run the bank. been reopened the name the Security State Bank. tinues and cashier. has been elected vice president. Stockhold declare renewed steady