Farmers State Bank

Bank Information

Episode Type: Suspension → Closure
Bank Type: state
Start Date: April 1, 1924*
Location: Asher, Oklahoma (34.990, -96.924)

Metadata

Model: gpt-5-mini
Short Digest: a6156272

Response Measures

None

Description

Article states Farmers State Bank (Asher) closed when the National Bank of Commerce closed in April 1924. No run is described; this appears to be a suspension/closure linked to failures of a related bank. Date for the Asher bank closure is inferred as April 1924 from the sentence 'closed April 1924.'

Events (1)

1. April 1, 1924* Suspension

Cause: Bank Specific Adverse Info
Cause Details: Closed following the April 1924 closing of the related National Bank of Commerce (connections/ownership ties to Caldwell family).
Newspaper Excerpt: With the closing of the bank. the bank the Farmers State bank Asher closed.
Source: newspapers

Newspaper Articles (1)

1. September 21, 1927 Shawnee News-Star Shawnee, OK

Article from Shawnee News-Star, September 21, 1927

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Article Text

BANKERS Former Officers of Defunct Bank of Commerce Charged Violation Banking Laws Three Wallace Caldwell and RusCaldwell, all former officials of the National Bank of Comclosed April 1924. appear for trial in federal City of been for the hearing The violation of the national banking Estill was president of the bank time its closing. bank report March showed posits $980,893 92, loans of with total ilabilities of With the closing of the bank. the bank the Farmers State bank Asher closed. the First National Tecumsch merged with the TecumNational which Rosebush president. All the banks known the Caldwell banks. being owned by members the Caldwell family The Commerce formed by old National and Caldwell bank the year before the failure.