First State Bank (Goodwell, OK)

Episode Information

Episode Type
Suspension โ†’ Closure
Start Date
April 5, 1933
Location
Goodwell, Oklahoma (36.595, -101.637)
Bank Type
state

Metadata

Notes

Commissioner took charge April 5, 1933; formal move from moratorium to liquidation recorded January 5, 1934.

Events (3)

1. April 5, 1933 Suspension
Cause
Government Action
Cause Details
State Bank Commissioner took charge and placed the bank into liquidation/moratorium
Newspaper Excerpt
the Bank Commissioner of the State of Oklahoma took charge of the First State Bank, of Goodwell, Texas County, Oklahoma, on the 5th day of April, 1933, and is proceeding to liquidate the bank
Source
newspapers
2. January 5, 1934 Receivership
Newspaper Excerpt
January 5, 1934, Goodwell-First State Bank, from moratorium to liquidation.
Source
newspapers
3. July 8, 1935 Other
Newspaper Excerpt
depositors of the First State bank of Goodwell will receive a fourth dividend of 10 per cent amounting to $1,598. This will make a total of 45 per cent paid.
Source
newspapers

Newspaper Articles (3)

Article Text

STATE BANK CHANGES December and to January 9th

Voluntary Liquidation Putnam-First State Bank, through First National Bank, Thomas, December 8, 1933. Oakwood- Oakwood Bank, through American State Bank, Thomas, December 9, 1933. Porum-American State Bank, through Citizens National Bank, Muskogee, December 27, 1933. Roff-First State Bank, through First National Bank, Ada, December 30, 1933.

Morgers First Bank of Lahoma and Bank of Ringwood, merged and moved to Meno as Guaranty Bank, December 20, 1933. First State Bank of Omega and Cashion State Bank, merged and moved to Kingfisher as Security Bank, December 27, 1933. Bank of Claremore merged with Bank of Commerce, Claremore, December 19, 1933. Consolidation

Lindsay-First State Bank with American Exchange Bank, January 2, 1934. Change of Name and Location Colony-Colony State Bank to Weatherford as Security State Bank, January 2, 1934. Breckenridge-Bank of Breckenridge to Garber as Bank of Garber, December 29, 1933.

Oklahoma City-Capitol State Bank, suspended for voluntary liquidation, January 2, 1934. Tipton-Farmers State Bank, suspended Jenuary 2, 1934. Weatherford-First State Bank, suspended January 2, 1934.

Rush Springs-First State Bank, suspended January 2, 1934.

Sterling-Farmers & Merchants Bank, suspended December 19, 1933. Faxon-Faxon State Bank, suspended December 7. 1933. Garber-Farmers State Bank, suspended January 2, 1934.

Increase of Capital Stock

Ringwood-Bank of Ringwood, $5,000 December 12, 1933, making now $15,000. Cashion-Cashion State Bank, $10,000, December 27, 1933, making now $25,000. Colony-Colony State Bank, $10,000, December 20, 1933, making now $25,000. Breckenridge-Bank of Breckenridge, $5,000, December 29, 1933, making now $15,000. Lindsay-American Exchange, $15,000, January 2, 1934, making now $40,000.

Charter Granted

Davidson-First State Bank in Davidson, December 4, 1934, capital stock $25,000.

January 4, 1934, Longdale-Bank of Longdale, from moratorium to liquidation. January 5, 1934, Goodwell-First State Bank, from moratorium to liquidation. January 8, 1934, Aline-Bar.k of Aline, from moratorium to liquidation.

January 9, 1934

Fairmont-Bank of Fairmont, moratorium to suspended, January 10, 1934 (as of January 2, 1934). Anadarko-First State Bank, moratorium to unrestricted.


Article Text

NOTICE TO CREDITORS TO THE CREDITORS OF THE FIRST STATE BANK. GOODWELL, TEXAS COUNTY, OKLAHOMA: You are hereby commanded to take notice that the Bank Commissioner of the State of Oklahoma took charge of the First State Bank, of Goodwell, Texas County, Oklahoma, on the 5th day of April, 1933, and is proceeding to liquidate the bank, as provided by law. In with the provisions of Section 3, Chapter so, Session Laws of


Article Text

DIVIDEND PAYMENTS ANNOUNCED IN STATE

OKLAHOMA CITY, July 3โ€”(AP)โ€”Two dividend payments will be made within the next few days by the state banking department.

Depositors of the Bank of Adair will receive a third and final dividend of 25 per cent amounting to $998 on July 5.

On July 8 depositors of the First State bank of Goodwell will receive a fourth dividend of 10 per cent amounting to $1,598. This will make a total of 45 per cent paid.