17891. Oklahoma State Bank (Atoka, OK)

Bank Information

Episode Type
Suspension → Closure
Bank Type
state
Start Date
October 27, 1926
Location
Atoka, Oklahoma (34.386, -96.128)

Metadata

Model
gpt-5-mini
Short Digest
8d598343

Response Measures

None

Description

Newspapers report the Oklahoma State Bank at Atoka closed because its cash reserves were depleted and it was unable to meet payments. The coverage links its distress to the failure of the American National (other local bank troubles), and a nearby state bank later went into liquidation following this collapse. No explicit reopening is mentioned; treat as permanent closure/suspension.

Events (1)

1. October 27, 1926 Suspension
Cause
Local Banks
Cause Details
Cash reserve depleted and inability to meet payments; article links shaky conditions to the failure of the American National (other local bank failure).
Newspaper Excerpt
BANK AT ATOKA IS CLOSED ... that sustained by the Tuesday had depleted its cash and had been unable to sufficient cash to meet ments
Source
newspapers

Newspaper Articles (2)

Article from The Oklahoma News, October 27, 1926

Click image to open full size in new tab

Article Text

BANK AT ATOKA IS CLOSED State Deputy in Charge: Cash Reserve Depleted The Oklahoma State bank Atoka to open its doors and Waldo Watkins state has been B. bank nounced Wednesday Presidetn Palo Roberts that sustained by the Tuesday had depleted its cash and had been unable to sufficient cash to meet ments The bank the and surplus of and had in deposits Atoka is in ton there a crop this Con ditions shaky two caused by he failure the American National There one other the town the Atoka T. Memminger is Mothersead commenting the southeast that be to NUISANCE CHARGE FILED W filed Frank in


Article from McAlester Democrat, November 11, 1926

Click image to open full size in new tab

Article Text

TOWN TALK Mrs. J. H. Kincannon and T J. LeFlore were shopping in McAlester Saturday Kiowa Chronicle. R. A. Shirmer has taken out a permit for the erection of residence at B and Osage. The residence is to be modern in every particular. Rev C. E. Wilbanks and a number of prominent local Baptists are at Enid this week, attending the state Baptist Convention. J. C. Evans, manager of the Kerr Furniture Company of McAlester was the guest of Mr. and Mrs. Arch Bell last Sunday.-Kiowa Chronicle. Mrs. John Hugo and her daughters, Mrs. Russell W. Zehnder and Mrs. Dick Parsons were guests of Mrs. M. Hugo in McAlester last week. Hartshorne Sun. Mr. and Mrs. Harry Draughon and sons who have made their home for the past several months left Monday for McAlester where they will make their future home.- Eufaula Journal. Robert Scruggs, of Carbon, is in the county jail, serving out a fine assessed against him on charges of disturbing the peace. The charges were filed by his daughter-in at Carbon, it appears, from a family juarrel. Frank Thornton, of this city, well known in banking and business circles has been named liquidating agent for the state bank at Stringtown that failed recently, following the collapse of the Oklahoma state bank, at Atoka. Fire last Thursday destroyed a large barn and contents on the farm of C. F. McFall, prominent Featherston farmer. The cause of the fire is unknown. A large lot of feed, hay, etc, was in the barn, together with a quanity of farm equipment. Dr. J. A. Sterrett made a business trip to Oklahoma City the latter part of last week, returning home Saturday. He reported considerable casual talk of a special legislative session, but is was not being taken very seriously he said. Barnes McCain, former assistant county attorney and now located at Tulsa in the practice of law, was in the city this week, attending theMasonic reunion and shaking hands with his many friends here. A. P. Harris of McAlester was placed in charge of the American National Bank as receiver Wednesday morning. Everything possible is being done to re-open this institution with good prospects for success. -Atoka Gazette. Lawrence Hall, negro, charged with burglary of the Armour Packing Company here, has been held to district court, after entering a plea of not guilty when arraigned before Justice of the Peace Treadwell, last Thursday afternoon. The alleged burglary occured October 21. McAlester high school lost to Muskogee football players, last Saturday, at Muskogee, by a score of 13 to 6, although umber of the local players earned highly creditable mention for work in the game. A large number of visitors from McAlester attended the game. The team plays the Durant football team here, Thursday afternoon this week. Sylvia, the 14-year-old daughter of Mr. and Mrs. Ed Brown, of Hartshorne, was sent back to her parents, after a hearing before Judge S. F. Brown, Saturday, in which a complain that the parents were not properly caring for the child was investigated. The hearing did not substantiate the charges. W. N. Tuck, of Indianola, is serving out a fine in the county jail, assessed against him in justice court on charges of being drunk and trying to burn the town jail after he was placed therein. He was brought in by Constable Cordell, of Indianola, Sunday. E. P. Jennings, one of the leading business men of Pittsburg, was in McAlester Monday, arranging for publicity for a big sale which he is putting on at his general store, in Pittsburg. Mr. Forsythe, of Oklahoma City, is assisting Mr. Jennings in the sale and accompanied him to McAlester Monday. The United Charities has asked the school kiddies of the city to bring to school with them, Wednesday, Nov. 24, some garment that they can donate to the needy poor of the city. The clothing will be gathered up and taken to the cottage maintained by the United Charities and parcelled out to the deserving families of the community, who are in real need of such aid. O B. Thomas, ginner at the Paw Paw Gin Company's plant, sustained the loss of his left hand in an accident Tuesday morning, when his hand was caught in the gin-saw He was rushed to All Saints' Hospital for treatment and is doing as well as could be expected; considering the shock. His home is at Fifth and Clark streets, in North McAlester. Sherift Anderson was called to Dow, last Friday, to investigate the burglary there the previous night of the Sanders Drug Company, when a quantity of cigars and other merchandise was taken and an effort to break into the company safe. This attempt was unseccessful, however, although the safe was badly damaged. Entrance to the store had been made by breaking in a back window. No arrests have been made to date. November 16 is set as the date for a special meeting of the local chapter of the Eastern Star, at the Masonic temple here, to consider the plan now being put forth for raising a fund to erect national temple to Eastern Star in Washington City It is planned to ask each member of the 21 order for dollar donation toward the fund. JoeHiggins is in charge of plans for the local meeting. Friends of Eben Holmes, formerly assistent postmaster here, were shocked to learn last Friday of his death at Amarillo, Tex., although it was known that his health had not been vigirous for some time. He was in Alester about two months ago, and was enthusiastic about his business affairs and outlook in Amarillo, where he was manager of the Amarillo Implement Company. Death is said to have been due to leakage of the heart. He is survived by his wife, formerly Miss Josephine Brimage, of this city, and by his mother, Mrs. C. A. Holmes, of McAlester, in addition to other relatives. The body was taken to Oxford, Kans., for burial, Sunday. Need Insurance write all kinds EXCEPT BAD. M. S. Duran, at Choctaw and Main. (44-tf). County and federal officers made a raid near Non, last Thursday, and arrested T. W. Tucker and Carl Hesler, charged with violating the liquor laws. They are held under the federal statutes. Officers report finding a large still and some mash at the Tucker place. Fifteen gallons of whiskey is also said to have been found at the Tucker place. The stills were brought in. The men were also brought to McAlester and placed in jail. Mary Zedde, Steve Giacomo and John Peccio, all of Krebs, were arrested as the result of a raid, Sunday, by officers from the sheriff's force, and arraigned in the county court on charges of possession of liquor. All entered pleas of not guilty and were held under $500 bond each. W W Fleming, of this city, well known in connection with the mine rescue station work, has been made president of an organizationof federal department heads in Southeastern Oklahoma, following a meeting of these officials in McAlester last Saturday. He is head of the U. S. geological survey in this district. Miss Ocie Smyers was named secretary of the organization. The purpose of the new body is to promote efficiency in the government service, it is said