Bank of Jet - Jet, OK

Bank Information

Episode Type: Suspension → Reopening
Bank Type: state
Start Date: October 15, 1931
Location: Jet, Oklahoma (36.666, -98.181)

Metadata

Model: gpt-5-mini
Short Digest: 6e94a235

Response Measures

None

Description

Article (The Jet Visitor, 1931-10-15) reports a bank suspension in Jet causing merchants difficulty making change. No mention of a depositor run or receivership; suspension is attributed to the Depression. There is no explicit statement the bank later reopened, but the tone implies a local temporary suspension rather than permanent closure; I therefore classify as suspension_reopening while noting uncertainty.

Events (1)

1. October 15, 1931 Suspension

Cause: Macro News
Cause Details: Attributed to the ongoing Depression; article links suspension to the economic conditions ('so-called depression is on and a suspension of our bank').
Newspaper Excerpt: The greatest trouble experienced by merchants was in making change on account of the bank suspension.
Source: newspapers

Newspaper Articles (1)

1. October 15, 1931 The Jet Visitor Jet, OK

Article from The Jet Visitor, October 15, 1931

Click image to open full size in new tab

Article Text

Notwithstanding the so-called depression is on and a suspension of our bank, Jet had more people than usual here Satur day for our Trades Day feature. More and more people are finding out they can do as well, or better, by trading in Jet. The greatest trouble experienced by merchants was in making change on account of the bank suspension. Come to Jet next Saturday-Jet merchants will continue to give you the best bargains in northern Oklahoma.