2dcf1e92Full suspension, Books examined
Other: Bank closed under direction of State Bank Commissioner; examiner placed bank under deposit moratorium.
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The Farmers and Merchants Bank Boley. where George shot to death in attempted closed under the direction Bank Commissioner Barnett. Located all-negro only bank in Oklahoma managed entirely Commissioner Barnett said the bank in good but indicated the death of (also slain robber raid) perhaps sponsible in part for difficulSince month's raid, number wealthy negroes had money The An examiner placed the bank under deposit moratorium.
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Boley Panic-Stricken Over Robbery; Run Closes Its Bank BOLEY, Okla., Dec. 23.-The Farmers and Merchants bank of Boley, Okla., the only Race bank in the United States owning a national charter, was forced to close its doors last week because its president was killed three weeks ago by George Birdwell, famed bandit-companion of Charles (Pretty Boy) Floyd. State Bank Commissioner W. J. Barnett, the closing the institution to prevent run of depositors, said that action was due directly the killing of Turner, aged bank president and mayor the town. in the attempted robbery. Birdwell who with Floyd terrorized country banks throughout Okla homa for 18 months, and Race bandit who killed in the raid. H. McCormick, bank bookkeeper. shot Birdwell just after the bandit killed Turner for sounding an alarm. Will Is Disclosed As if in anticipation that when died the institution would Turner. about 62. provided in his will that his 130 shares of stock in the Boley bank were to sold immediately after his will was Total shares in the bank number 200. Barnett said that Turner, talking to several months ago, said he did not think it would be possible to carry on the institution after his because he had been unable to train any member of Race to his The Boley bank was chartered 26 years Old Friends Depositors Six old schoolboy friends and associates of of Continued on Page 4, Col.