First National Bank - Boswell, OK

Bank Information

Episode Type: Suspension → Closure
Bank Type: national
Bank ID: 7651
Charter Number: 7651
Start Date: May 1, 1925*
Location: Boswell, Oklahoma (34.027, -95.869)

Metadata

Model: gpt-5-mini
Short Digest: 5a8329d2

Response Measures

None

Receivership Details

Depositor recovery rate: 31.3%
Date receivership started: 1926-10-08
Date receivership terminated: 1930-06-30
OCC cause of failure: Economic conditions
Share of assets assessed as good: 38.2%
Share of assets assessed as doubtful: 21.5%
Share of assets assessed as worthless: 40.3%

Description

Articles report Roy A. Cooper as receiver for the 'defunct' First National Bank of Boswell; he was appointed receiver in May 1925 and remained receiver until his death in 1928. No run is described in the articles. Thus the bank was already closed and in receivership (suspension followed by closure).

Events (4)

1. March 17, 1905 Chartered

Source: historical_nic

2. May 1, 1925* Receivership

Newspaper Excerpt: Prior to his appointment as a bank receiver here in May, 1925, Cooper was for many years a national bank examiner ... Cooper also was prominent in state republican party councils.
Source: newspapers

3. October 8, 1926 Receivership

Source: historical_nic

4. February 23, 1928 Other

Newspaper Excerpt: Roy A. Cooper, 52 years old, receiver for the defunct Hugo National and City National banks here and First National bank of Boswell, was found dead in bed in his room in a local hotel shortly after 9 o'clock Thursday morning.
Source: newspapers

Newspaper Articles (3)

1. February 23, 1928 The Broken Bow News Broken Bow, OK

Article from The Broken Bow News, February 23, 1928

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Article Text

ROY A. COOPER IS FOUND DEAD IN HUGO HOTEL Receiver for Three Defunct Banks Succumbs to Attack On Heart. Hugo, Feb. 23.-Roy A. Cooper, 52 years old, receiver for the defunct Hugo National and City National banks here and First National bank of Boswell, was found dead in bed in his room in a local hotel shortly after 9 o'clock Thursday morning. He had apparently been dead several hours, physicians said, as a result of heart failure. Prior to his appointment as a bank receiver here in May, 1925, Cooper was for many years a national bank examiner and was well known in banking circles of the southwest. He was at one time a state bank examiner for the Oklahoma banking department. Cooper also was prominent in state republican party coun-

2. February 24, 1928 Okmulgee Daily Times Okmulgee, OK

Article from Okmulgee Daily Times, February 24, 1928

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Article Text

BANK RECEIVER DIES IN HUGO Was Prominent in Banking Circles and Republican Politics HUGO. Feb. 23. (AP)-Roy A Cooper. 52. receiver for the defunct Hugo National and City National banks here and the First National bank of Boswell, was found dead today in his room in local hotel He apparently had been dead for several hours. Physicians said death was due to heart disease. Prominent Republican Prior to Mr. Cooper's appointment us bank receiver here in May, 1925. he was for many years national bank examiner and was well known in banking circles. At one time he was an examiner for the Oklahoma banking department. He was prominent in state Republican circles Mr. Cooper's home was at Muskogee where his family consisting of his widow, son and two daughters, reside. He was native of have not been pending the receipt of instructions from relatives. white moire evening gown has ruffled flounce dipping the hemline in the rear and flaring to knee-length in front. Brilllants trim

3. February 25, 1928 McCurtain Gazette Idabel, OK

Article from McCurtain Gazette, February 25, 1928

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Article Text

ROY COOPER FOUND DEAD IN HUGO HOTEL Receiver for Three Defunct Banks Succumbs to Attack On Heart. Hugo, Feb. A. Cooper, years old, receiver for the defunet Hugo National and City National banks here and First National bank of Boswell, was found dead in bed in his room in a local hotel shortly ter 9 o'clock Thursday morning. He had apparently been dead several hours, physicians said, as result of heart failure. Prior to his appointment as bank receiver here in May, 1925, Cooper was for many years a nationbank examiner and was well known in banking circles of the southwest. He was at one time state bank examiner for the Oklahoma banking department. Cooper also was prominent in state republican party councils. He was native of Louisiana. Cooper's home was at Muskogee where his family, consisting of his wife, son and two daughters, resides.