First National Bank - Calumet, OK

Bank Information

Episode Type: Suspension → Reopening
Bank Type: national
Bank ID: 12200
Charter Number: 12200
Start Date: March 1, 1933*
Location: Calumet, Oklahoma (35.601, -98.119)

Metadata

Model: gpt-5-mini
Short Digest: 5f225b87

Response Measures

None

Description

Article (The El Reno American, 1933-03-16) describes the end of the 1933 bank holiday and banks reopening under the government-declared holiday. No run or depositor panic on El Reno State Bank is reported; rather heavy net deposits on opening day. Classified as a government-ordered suspension followed by reopening.

Events (3)

1. May 16, 1922 Chartered

Source: historical_nic

2. March 1, 1933* Suspension

Cause: Government Action
Cause Details: Banks were closed under the government-declared banking 'holiday' (state/federal actions surrounding March 1933 bank closures).
Newspaper Excerpt: following the enforced holiday which proclaimed by Murray ... and tended by President Roosevelt
Source: newspapers

3. March 15, 1933 Reopening

Newspaper Excerpt: Emerging from the holiday Wednesday morning all banks ... deposits for the day were heavier than any other day in many months, said the El Reno State Bank.
Source: newspapers

Newspaper Articles (1)

1. March 16, 1933 The El Reno American El Reno, OK

Article from The El Reno American, March 16, 1933

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Article Text

ALL CANADIAN BANKS OPEN WITHOUT Deposits Top Payments by on Opening Day Recovery Is Predicted NINE INSTITUTIONS ARE SWAMPED Two Weeks' Accumulation of Checks Keep Staffs for Long Powerful Drive Receives Strong Approval by Citizens Here Happy days were apparently here again this Canadian county folks grins watched the opening all of her banks without restrictions, undeniable evidence they are sound despite the gruelstruggle have ered during the three years of Predictions that few more months would witness complete upturn business all kinds general the listened and read the messages of President Roosevelt and that his leadership order of the financial chaos dazzling proval relief other measprevalent. morning witnessed of bank the county their and though amount of work was required ceive the weeks' checks and and take the needs for cash, checkup institutions the of the day that every instance the posits had payments Most of the banks ported no The fact that all banks in the counto open without any restrictions whatever, while many banks over the were either kept closed allowed open only with limited withdrawals, was greeted satisfaction the confidence and gratification the citizens demonstrated in the heavy depos- Banks Stronger Than Ever The belief also expressed that banks are in stronger condition day than many months not only the fact that the state and national governments have placed their stamp approval upon the but also because the holiday had the citizens deeper tion the usefulness of deposiWhile the banks allowed open the cash deposits, the of change the order opening did un early Wednesday morning. Guards the here any difficulties case of no appeared. ing the day, although the customers handled manner. gain deposits of El Reno banks Wednesday totalled day strenuous day spent institutions, main rush over and business had down to by the banks the treasury department, specifically stated that shall allow withdrawal currency for hoarding. reproduction one the licenses form an advertisement by the Citizens National Bank in this issue of The American. Canadian county banks were rejoic ing today they contemplated the happy results of the first business Wednesday, following the enforeed "holiday" which proclaimed by Murray March and tended by President Roosevelt to Emerging from the holiday Wednesday morning all banks pared withdrawals sary, withdrawals materialize. Instead, in every case the deposits poured rapid rate, pushing the total net increase in posits nine county banks proximately $150,000 for the day. "It looked just like harvest time years declared Union City head the Bank Union, the El Reno State Bank. He that the posits for the day were heavier than other day many months and there were The larg est check cashed by the Union bank during the day was Compliments New President that tactics being by President knockout to the depresDr. Richardson, the banks operating and public confidence that the secure. The $150,back into this and experiences over the nation will certainly have the money which has prevailed for many addition to being the president of the Dr. Richardmember the commit tee Oklahoma and of the leadOklahoma Paul Loosen, First Bank optimistic report first business he reportthat $23,000 gain deposits been made, of accounts unusual day that the bank more currency than During the more $150 paid cash the deposits exceeded all the expectathe officials. Ed Washecheck the Piedmont State Bank characterized day finest His institution than more than was paid and there The money paid out in $10 denominations where cash needed. Holman, cashier of the First National Bank Calumet, reported net gain of $10,264.45 in deposits durthe with more cash the close of the than the No encounterthe Calumet residents the future. withdrawals suffered either of the Yukon banks. ney the Yukon National reported day was real workout there were about days of business crowded into one substantial made deposits. At First National Bank of Yukon Phillips admitted that he hoped there never another bank holiday the opening ing strenuous to desired regular He report net gain of $8,500 deposits for the day.