18002. First State Bank (Goodwell, OK)

Bank Information

Episode Type
Suspension → Closure
Bank Type
state
Start Date
April 5, 1933
Location
Goodwell, Oklahoma (36.595, -101.637)

Metadata

Model
gpt-5-mini
Short Digest
9cf5a017

Response Measures

None

Description

The bank was taken over by the State Bank Commissioner (government action) on 1933-04-05 and moved from moratorium to liquidation (per report dated 1934-01-05). No article describes a depositor run; this is a suspension by government action leading to closure/liquidation.

Events (3)

1. April 5, 1933 Suspension
Cause
Government Action
Cause Details
State Bank Commissioner took charge of the bank (regulatory takeover/moratorium)
Newspaper Excerpt
the Bank Commissioner of the State of Oklahoma took charge of the First State Bank, of Goodwell, Texas County, Oklahoma, on the 5th day of April, 1933
Source
newspapers
2. January 1, 1934* Receivership
Newspaper Excerpt
You are hereby commanded to take notice that the Bank Commissioner ... took charge ... and is proceeding to liquidate the bank
Source
newspapers
3. January 5, 1934 Other
Newspaper Excerpt
January 5, 1934, Goodwell-First State Bank, from moratorium to liquidation.
Source
newspapers

Newspaper Articles (2)

Article from The Oklahoma Banker, January 1, 1934

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Article Text

STATE BANK CHANGES December and to January 9th Voluntary Liquidation Putnam-First State Bank, through First National Bank, Thomas, December 8, 1933. Oakwood- Oakwood Bank, through American State Bank, Thomas, December 9, 1933. Porum-American State Bank, through Citizens National Bank, Muskogee, December 27, 1933. Roff-First State Bank, through First National Bank, Ada, December 30, 1933. Morgers First Bank of Lahoma and Bank of Ringwood, merged and moved to Meno as Guaranty Bank, December 20, 1933. First State Bank of Omega and Cashion State Bank, merged and moved to Kingfisher as Security Bank, December 27, 1933. Bank of Claremore merged with Bank of Commerce, Claremore, December 19, 1933. Consolidation Lindsay-First State Bank with American Exchange Bank, January 2, 1934. Change of Name and Location Colony-Colony State Bank to Weatherford as Security State Bank, January 2, 1934. Breckenridge-Bank of Breckenridge to Garber as Bank of Garber, December 29, 1933. Oklahoma City-Capitol State Bank, suspended for voluntary liquidation, January 2, 1934. Tipton-Farmers State Bank, suspended Jenuary 2, 1934. Weatherford-First State Bank, suspended January 2, 1934. Rush Springs-First State Bank, suspended January 2, 1934. Sterling-Farmers & Merchants Bank, suspended December 19, 1933. Faxon-Faxon State Bank, suspended December 7. 1933. Garber-Farmers State Bank, suspended January 2, 1934. Increase of Capital Stock Ringwood-Bank of Ringwood, $5,000 December 12, 1933, making now $15,000. Cashion-Cashion State Bank, $10,000, December 27, 1933, making now $25,000. Colony-Colony State Bank, $10,000, December 20, 1933, making now $25,000. Breckenridge-Bank of Breckenridge, $5,000, December 29, 1933, making now $15,000. Lindsay-American Exchange, $15,000, January 2, 1934, making now $40,000. Charter Granted Davidson-First State Bank in Davidson, December 4, 1934, capital stock $25,000. January 4, 1934, Longdale-Bank of Longdale, from moratorium to liquidation. January 5, 1934, Goodwell-First State Bank, from moratorium to liquidation. January 8, 1934, Aline-Bar.k of Aline, from moratorium to liquidation. January 9, 1934 Fairmont-Bank of Fairmont, moratorium to suspended, January 10, 1934 (as of January 2, 1934). Anadarko-First State Bank, moratorium to unrestricted.


Article from Texas County News, March 1, 1934

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Article Text

NOTICE TO CREDITORS TO THE CREDITORS OF THE FIRST STATE BANK. GOODWELL, TEXAS COUNTY, OKLAHOMA: You are hereby commanded to take notice that the Bank Commissioner of the State of Oklahoma took charge of the First State Bank, of Goodwell, Texas County, Oklahoma, on the 5th day of April, 1933, and is proceeding to liquidate the bank, as provided by law. In with the provisions of Section 3, Chapter so, Session Laws of