First National Bank

Bank Information

Episode Type: Run Only
Bank Type: national
Bank ID: 9586
Charter Number: 9586
Start Date: February 7, 1928
Location: Enid, Oklahoma (36.396, -97.878)

Metadata

Model: gpt-5-mini
Short Digest: aedecc23

Response Measures

Accommodated withdrawals, Public signal of financial health

Description

Newspaper (Enid Morning News) dated 1928-02-07 describes a run on the First National Bank that day. The bank paid out large withdrawals but remained open and officials said they could meet demands; no suspension or closure is mentioned. Cause attributed to other closings (runs at other banks) and outside influences.

Events (2)

1. November 20, 1909 Chartered

Source: historical_nic

2. February 7, 1928 Run

Cause: Local Banks
Cause Details: Run was a reverberation from other bank closings elsewhere; described as 'outside influences' and due to other closings.
Measures: Officials mingled with the crowd to spread encouragement; arranged to dispatch additional cash by train (and had plans for more cash) to meet demands.
Newspaper Excerpt: the run quietly was begun at the First National. Until closing time the tellers were rapidly handing out money to every depositor demanding it...Officials estimated that the day began with $1,750,000, cash and that only about $350,000 was paid out during the day.
Source: newspapers

Newspaper Articles (1)

1. February 7, 1928 The Enid Morning News Enid, OK

Article from The Enid Morning News, February 7, 1928

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Article Text

ELIGIBLE BACHELOR CONTEST I hereby cast 10 votes for in The News 1928 Eligible Bachelor contest. I consider him the most eligible bachelor in Enid. would have been able to remain, open under normal conditions. Run on Another Bank Meanwhile the reverberation was felt in an unexpected quarter when the run quietly was begun at the First National. Until closing time the tellers were rapidly handing out money to ever depositor demanding it, while officials of the institution mingled with the crowd, to spread encouragement. At no time was the lobby of the bank, holding about 250 persons, crowded beyond its capacity. Officials estimated that the day began with $1,750,000, cash and that only about $350,000 was paid out during the day. When the bank closed for the day's business at the regular closing time of 2 o'clock, officials calmly announced that, in event the run was renewed tomorrow, they would have more than $7,000,000 in cash and would meet every demand. No other banks in the city were affected. W. H. Burwell, president of the chamber of commerce, attributed the "whole situation to outside influences, and not to any intrinsic economic fault in the institutions or in the territory. E. C. Romfh, president of the First National announced later that the Jacksonville federal reserve branch vetoed the plan to send part of the cash by airplane but that part of the money would be dispatched by train tonight and the remainder tomorrow. "Though we won't need it," he added characterizing the run as a temporary flurry attributable to the other closings which will diminish as people see the lack of need for withdrawing their funds. Six Indicted at Guymon OKLAHOMA CITY, Feb. 6.-(4) -Six persons including Ellis Brock, republican Texas county commissioner; were indicted by a grand jury at Guymon late Friday, J. H. Lawton, assistant attorney general, announced upon his return here today. Brock was charged with mal-administration in office. Indictments against the other five charged burglary and grand larceny, Lawson said.