Commercial National Bank

Bank Information

Episode Type: Suspension → Reopening
Bank Type: national
Bank ID: 10063
Charter Number: 10063
Start Date: January 13, 1921
Location: Checotah, Oklahoma (35.470, -95.523)

Metadata

Model: gpt-5-mini
Short Digest: a25f28a0

Response Measures

None

Description

Article (Jan 13, 1921) reports a shortage in funds revealed after the suicide of the bank's president; cashier states depositors will be fully protected and the bank will reopen after Johnson's funeral. No run is mentioned; this is a suspension due to adverse bank-specific information and is described as temporary/reopening.

Events (3)

1. August 8, 1911 Chartered

Source: historical_nic

2. January 13, 1921 Suspension

Cause: Bank Specific Adverse Info
Cause Details: Shortage in funds (~$30,000) discovered after suicide of president A. O. Johnson; implies internal loss/misconduct leading to temporary closure.
Newspaper Excerpt: Shortage in funds of the Commercial National Bank of Checotah, Okla., revealed after the suicide of A. O. Johnson, president, will amount to $30,000, H. L. Wood, cashier, said. All depositors will be fully protected, he said, and the bank will reopen after Johnson's funeral.
Source: newspapers

3. April 28, 1921 Voluntary Liquidation

Source: historical_nic

Newspaper Articles (1)

1. January 13, 1921 Judsonia Weekly Advance Judsonia, AR

Article from Judsonia Weekly Advance, January 13, 1921

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Article Text

MISCELLANEOUS. James G. Scripps, publisher and managing director of several newspaper organizations, died at his home at Miramar, near San Diego, Cal. Twenty-six men, most of them of foreign birth or parentage, were told they were receiving "their first lesson in Americanism" by Federal Judge T. C. Munger of Omaha, Neb., when he sentenced them on pleas of guilty to charges of violating federal liquor laws. Shortage in funds of the Commercial National Bank of Checotah, Okla., revealed after the suicide of A. O. Johnson, president, will amount to $30,000, H. L. Wood, cashier, said. All depositors will be fully protected, he said, and the bank will reopen after Johnson's funeral. Employes of the American Smelting and Refining Company, New York, who are paid less than $5,000 a year were notified that their salaries would be reduced 15 per cent. The company also announced that there would be no bonus for employes this year. The Central Kentucky tobacco region was unsettled because of the situation arising from the closing of nearly every important tobacco market for at least one week. The farmers refuse to sell their crop at the prices offered in the open market. Prof. Foutrides, formerly of Harvard University, and Prof. Papanicolaou, formerly of New York University, are among those who have been discharged from Athens University. Charles Manville, vice-president of the H. W. Johns-Manville Co., died at his home at Milwaukee. He was 54 years old.