15859. First National Bank (Wilburton, OK)

View Charter #6890 on SPMC

Bank Information

Episode Type
Suspension → Closure
Bank Type
national
Bank ID
6890
Charter Number
6890
Start Date
November 1, 1912*
Location
Wilburton, Oklahoma (34.919, -95.309)

Metadata

Model
gpt-5-mini
Short Digest
2dfc9c648e397f23

Response Measures

None

Description

Contemporary November 1912 newspapers report the Comptroller appointing a receiver for the First National Bank at Wilburton after a large defalcation; no articles describe a depositor run before suspension. A receiver was named Nov 11, 1912. A 1928 item mentions a First National Bank in Wilburton reopening after a recent closure; this appears to be a separate, later episode (possible reorganization or different temporary suspension) and is noted below but does not change the classification of the 1912 failure as a suspension followed by closure/receivership.

Events (5)
1. July 21, 1903 Chartered
Source
historical_nic
2. November 1, 1912* Suspension
Cause
Bank Specific Adverse Info
Cause Details
Failure due to a large defalcation (cash embezzlement) of about $55,000–$65,000 reported in contemporary accounts.
Newspaper Excerpt
appointed Horace Reed ... as receiver for the First National Bank at Wilburton, Okla., which failed recently on account of the defalcation of $65,000.
Source
newspapers
3. November 11, 1912 Receivership
Newspaper Excerpt
The comptroller of the currency today appointed Horace Reed, a national bank examiner, as receiver for the First National Bank at Wilburton, Okla., which failed recently on account of the defalcation of $65,000. (Nov. 11, 1912 news report.)
Source
newspapers
4. December 14, 1912 Voluntary Liquidation
Source
historical_nic
5. February 21, 1928 Reopening
Newspaper Excerpt
Wilburton Bank Will Reopen Without Loss ... the First National bank, which closed Inst Friday, will be ... announced Monday night ... the 120 depositors bank depositors will be protected ... The new organization is expected capitalization the that of the closed institution. (Feb. 21, 1928 local notice.)
Source
newspapers

Newspaper Articles (5)
1. November 11, 1912 The Daily Ardmoreite Ardmore, OK
Article from The Daily Ardmoreite, November 11, 1912

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Article Text

RECEIVER FOR WILBURTON BANK NATIONAL EXAMINER BANK PLACED IN CHARGE OF FIRST NATIONAL AT WILBURTON. Washington, D. C., Nov. 11.-The comptroller of the currency today appointed Horace Reed, a national bank examiner, as receiver for the First National Bank at Wilburton, Okla., which failed recently on account of the defalcation of $65,000.

2. November 12, 1912 New-York Tribune New York, NY
Article from New-York Tribune, November 12, 1912

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Article Text

GOVERNMENT BONDS. Coupon. Registered Bid. Ask, Bid. Ask. 101 1013/2 101 101½ 2s of April 1, 1930 103 1021/3 103 1021/2 3s of Aug, 1908-'18 11436 113% 114½ 113% 4s of Feb 1, 1925 10114 101 101 1011/2 Panama 2s, 1936 101% 102% 102½ 101% Panama 3s, 1961 RECEIVER FOR ROBBED BANK. Washington, Nov. 11.-The Controller of the Currency appointed to-day Horace C. Reed, a national bank examiner, as recelver for the First National Bank of Wilburton, Okla., which failed several weeks ago on account of the defalcation of $65,000.

3. November 12, 1912 The Pensacola Journal Pensacola, FL
Article from The Pensacola Journal, November 12, 1912

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Article Text

RECEIVER FOR BANK NAMED. BY ASSOCIATED PRESS. Washington, Nov. 11.-The Comp. troller of the Currency today appointed Horace c. Reed. a national bank examiner, as receiver for the First National Bank of Wilburton, Okla. which failed several weeks ago on account of the defalcation of $55,000.

4. November 12, 1912 Tulsa Daily World Tulsa, OK
Article from Tulsa Daily World, November 12, 1912

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Article Text

Receiver for Wilburton Bank. WASHINGTON, Nov. 11.-The comptroller of the currency today appointed Horace C. Reed a national bank examiner, as receiver for the First National Bank of Wilburton, Okla., which failed several weeks ago on account of the defalcation of $65.,000.

5. February 21, 1928 The Tulsa Tribune Tulsa, OK
Article from The Tulsa Tribune, February 21, 1928

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Article Text

Wilburton Bank Will Reopen Without Loss WILBURTON. Ok., Feb. the First National bank. which closed Inst Friday. will be completed by the middle week. nounced Monday night Carlton Weaver the one the 120 depositors bank depositors will be protected The new organization is expected capitalization the that of the closed institution. BANDIT CHIEFTAIN SLAIN ROME. Feb. killing notorious Sardinian bandit. Monday is hailed Premier as prompt step taken in the campaign Saturday to wipe out banditry in Sardinia.