15818. First State Bank (Terlton, OK)

Bank Information

Episode Type
Suspension → Reopening
Bank Type
state
Start Date
November 27, 1929
Location
Terlton, Oklahoma (36.188, -96.490)

Metadata

Model
gpt-5-mini
Short Digest
ff28d280c66125ef

Response Measures

None

Description

Contemporary newspaper reports (Nov 27–28, 1929) list the First State Bank of Terlton among twelve Oklahoma state banks that failed to open their doors on Nov 27 after action by state authorities following the death of H. A. McCauley, who had interests in several banks. The articles describe a state-ordered closing (not a depositor run) and note the possibility some banks might reopen, so I classify this as a suspension with likely reopening rather than a depositor run or permanent failure. OCR errors in the first article (garbled punctuation and names) were corrected when identifying banks and context.

Events (1)
1. November 27, 1929 Suspension
Cause
Government Action
Cause Details
State banking authorities ordered twelve state banks, including First State Bank of Terlton, to fail to open their doors following the death/interest issues related to H. A. McCauley.
Newspaper Excerpt
The closings were an immediate of the death last night of H. A. McCauley... The banks to be closed were ... First State bank, Terlton
Source
newspapers

Newspaper Articles (2)
1. November 27, 1929 Oakland Tribune Oakland, CA
Article from Oakland Tribune, November 27, 1929

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Article Text

12 Oklahoma Banks Closed by State OKLAHOMA CITY, Okla., Nov. 27. Graves Shull. state bank announced today that twelve state banks failed to open their doors today. The closings were an immediate of the death last night of H. A. McCauley, 55, of Sapulpa, who interested in all The banks to be closed were Sapulpa State bank the Bank of Mounds: Henrietta State bank Bank of Commerce, Welettka: First State bank, Vian: Citizens State bank Webbers Falls; State State bank: First State bank, Terlton: Avant State bank: bank: and the Bank of Kellyville.

2. November 28, 1929 Okmulgee Daily Times Okmulgee, OK
Article from Okmulgee Daily Times, November 28, 1929

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Article Text

12 BANKS CLOSE; 1920 CAUSE OF CRASH (CONTINUED FROM PAGE ONE) deposits, $62,000; capital, $25,000. First State bank, Vian; deposits, $73,000; capital, $10,000. Citizens State bank, Webbers Falls: deposits $157,000; capital, $15,000. Davenport State bank, Davenport: deposits, $151,370; capital. Oilton State bank, Oilton, deposits capital $25,000. First State bank, Terlton. $76,000; capital $10,000. State bank, Avant, capital $15,000. Keystone bank, Keystone, posits capital $10,000. Bank of Kelleyville, deposits 14,000: capital $10,000 The bank which McCauley controlled and which did not close Its doors, was the American State bank of Porum. Shull indicated there pos:lbility that the banks at Henryetta and possibly one or two others might reopen soon.