Merchants & Planters National Bank

Bank Information

Episode Type: Suspension → Closure
Bank Type: national
Bank ID: 10513
Charter Number: 10513
Start Date: February 16, 1922
Location: Ada, Oklahoma (34.775, -96.678)

Metadata

Model: gpt-5-mini
Short Digest: 9877e20c

Response Measures

None

Receivership Details

Date receivership started: 1922-02-20
OCC cause of failure: Losses

Description

Newspaper reports the bank failed to open and a notice said it was Closed by order of the board of directors and national bank examiner. Article gives no mention of a prior run or of reopening; closure appears to be an examiner-ordered suspension. No receiver or takeover is mentioned in this brief item, but closure by examiner commonly presages permanent suspension.

Events (5)

1. April 15, 1914 Chartered

Source: historical_nic

2. February 16, 1922 Suspension

Cause: Government Action
Cause Details: Closed by order of the board of directors and the national bank examiner (examiner-ordered suspension).
Newspaper Excerpt: The Merchants' and Planters' National Bank at Ada, Okla., failed to open. A notice posted on the door said: \Closed by order of the board of directors and national bank examiner.\
Source: newspapers

3. February 20, 1922 Receivership

Source: historical_nic

4. April 26, 1922 Restored To Solvency

Source: historical_nic

5. December 30, 1922 Voluntary Liquidation

Source: historical_nic

Newspaper Articles (1)

1. February 16, 1922 Judsonia Weekly Advance Judsonia, AR

Article from Judsonia Weekly Advance, February 16, 1922

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Article Text

DOMESTIC. Charles C. Crosby, St. Louis merchant, fell dead on the street at New York, apparently of heart disease. He had been there for several days placing orders with wholesalers dealing in women's apparel. The Merchants' and Planters' National Bank at Ada, Okla., failed to open. A notice posted on the door said: "Closed by order of the board of directors and national bank examiner." Mabel Normand, motion picture actress, who was among the last persons to see William Desmond alive, appeared at Los Angeles district attorney's office in response to a summons Damage estimated by Fire Chief Panzer at $25,000 was caused by fires in the Thomsen Planing Company and the Julius Seidel Lumber Company, St. Louis. At least one man was killed and a number of others wounded in a fight at the plant of the Wheeling Steel Corporation, Yorkville, Ohio. Construction work on 14 capital ships was suspended by order of Secretary Denby under direction of President Harding. The 12 federal land banks made a combined offering of $75,000,000 5 per cent federal farm loan bonds at the price of 102 3/8 and accrued interest, the treasury department announced at Washington. Laborers employed by the city of Chicago were forced to go without pay for their last two weeks' work when the city paymaster's office closed until further notice for lack of funds.