18069. First National Bank (Kingfisher, OK)

View Charter #5328 on SPMC

Bank Information

Episode Type
Suspension → Closure
Bank Type
national
Bank ID
5328
Charter Number
5328
Start Date
July 19, 1933
Location
Kingfisher, Oklahoma (35.861, -97.932)

Metadata

Model
gpt-5-mini
Short Digest
7a450e31

Response Measures

None

Description

Bank closed July 19, 1933; examiners found a large shortage (~$66,000) and receiver Joe P. Roetzel was appointed late July. Cashier L. (Leland) R. Carlberg disappeared and was later arrested on embezzlement charges. The bank was placed in liquidation (permanent closure) though the receiver briefly opened the office Aug 7 to handle business/mail during liquidation.

Events (4)
1. July 19, 1933 Suspension
Cause
Bank Specific Adverse Info
Cause Details
Bank president closed the bank after discovering a large shortage; subsequent examination revealed approximately $66,000 shortage and allegations of misapplication/embezzlement involving cashier L. R. Carlberg.
Newspaper Excerpt
the bank was closed July 19, by the president and examiners were called to investigate its conditon.
Source
newspapers
2. July 30, 1933 Receivership
Newspaper Excerpt
Roetzel of Oklahoma City arrived in Kingfisher today to take charge of the closed First National bank as receiver.
Source
newspapers
3. August 7, 1933 Reopening
Newspaper Excerpt
We opened the bank Monday, August 7th, for general business... to attend to the great deal of mail that had accumulated since the bank closed July 19th. (statement by receiver).
Source
newspapers
4. August 10, 1933 Other
Newspaper Excerpt
Closed First National Bank Short; To Liquidate. ... shortage in the bank $66,000. ... turned the institution over to Joe Roetzel of Oklahoma City for liquidation.
Source
newspapers

Newspaper Articles (12)
1. July 23, 1933 The Enid Morning News Enid, OK
Article from The Enid Morning News, July 23, 1933

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Article Text

CARLBERG COLLAPSE KINGFISHER Tells of Husband Leaving Her Wednesday Night at Capital City Special The NEWS, KINGFISHER, Okla., July Both Mrs. L. wife the missing cashier of the closed First National bank of Kingfisher and the wife of another Kingfisher citizen who disappeared from the city about the same time as Carlberg, were reported to be back the city this afternoon. Mrs. Carlberg was near collapse. She said she and her husband and their old daughter had gone to Oklahoma City Wednesday night, the day before the bank closed. He left her about o'clock, saying he would return immediately, but nothing has been heard from him. Whether or not definite connection can be established between the two disappearances could not ascertained last night. Carlberg's father expressed the opinion his son may have been playing the wheat market, in explaining possible shortages indicated by note said to have been left by the young cashier. The senior Carlberg is president of the bank, and it was he who quested the examination of the institution by Anderson, federal

2. July 30, 1933 The Enid Morning News Enid, OK
Article from The Enid Morning News, July 30, 1933

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Article Text

ROETZEL IN CHARGE KINGFISHER BANK KINGFISHER, Okla., July Roetzel of Oklahoma City arrived in Kingfisher today take charge of the closed First National bank receiver. He formerly banker at Okeene about ten years Anderson and North, bank inspectors, left yesterday made no local report of their findings, They will return Monday confer with Roetzel. Wives Leland sent cashier, and Floyd Kerns, said have been associated with him in business venture they called the Kingfisher Investment company, are still in Kingfisher but have had no word from their husbands. Carlberg, bank president, would make statement today.

3. July 30, 1933 Muskogee Daily Phoenix and Times-Democrat Muskogee, OK
Article from Muskogee Daily Phoenix and Times-Democrat, July 30, 1933

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Article Text

RECEIVER TAKES OVER THE KINGFISHER BANK of Oklahoma Joseph Roetzel today take in Kingfisher arrived First National the closed charge of He was formerly bank as banker at Okeene about ten years ago. R. Anderson and bank inspectors, left yesterday find- but on their no local report made Monday to They will return ings. confer with Wives of Leland R. Carlberg, absent cashier, and Floyd Kern, said him been associated to have they called business venture in Investment company, Kingfisher the are still in Kingfisher but have had no word from their husbands bank president, Carlberg, would make no statement today.

4. July 30, 1933 The Ada Evening News Ada, OK
Article from The Ada Evening News, July 30, 1933

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Article Text

ROETZEL TAKES CHARGE OF KINGFISHER BANK KINGFISHER. July Joseph Roetzel of Oklahoma City arrived in Kingfisher today to take charge of closed First National Bank as receiver H was formerly banker at Okeene about ten years ago. C. R. Anderson and R. B North, bank inspectors. left yesterday but made no local report of their findings. They will return Monday to confer with Roe- Wives of Leland R. Carlberg. absent cashier. and Floyd Kerns. said to have been associated with him in business venture they called the Kingfisher Investment company are still in Kingfishe but have had no word from their husbands J. A. Carlberg, bank president. would make no statement today

5. August 10, 1933 Kingfisher Free Press Kingfisher, OK
Article from Kingfisher Free Press, August 10, 1933

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Article Text

JOE P. ROETZEL, BANK RECEIVER WELL KNOWN BY OLD-TIMERS HERE Joe P. Roetzel, of Oklahoma City, who is receiver for the First National Bank here, is no stranger to many of the old-timers in and around Kingfisher. Mr. Roetzel homesteaded between Loyal and Okeene at the opening of the C. and A. country. He later moved to Okeene where he organized the First National Bank of Okeene and lived at that place for a number of years.

6. August 10, 1933 The Kingfisher Times Kingfisher, OK
Article from The Kingfisher Times, August 10, 1933

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Article Text

Closed First National Bank Short; To Liquidate. North, national bank iner, finished his examination the First National bank Kingfisher Friday and turned the institution over Joe Roetzel of Oklahoma City for liquidation. shortage in the bank $66,000. The losses proximately all occurred within period of few weeks before the bank's July Prior to that time on the bank was in an excellent dition, examiner found. Roetzel unable this time to give depositors definite formation as what percentage their they will receive money result of the liquidation. He hopes that may much He will push his work rapidly possible, minimum of He expense. will assisted by Thelma Doty, assistant cashier of the bank. Persons who the bank, and have deposited there, will money receive credit their loans for the full amount of their deposits. Carlberg, missing cashier, bonded for only $5,000. holders liable for double the amount of their stock, but large of this will, no doubt, not collectable. Roetzel makes the following statement which will be of to the public: To the and citizens of patrons Kingfisher and trade territory: You doubt have been wonderno why could not any you first hand information regard the First National Bank Kingfisher. For the general the bank charge of the National Bank iners up to last Friday, August and the National Bank noon, examiners not permitted public information any garding banks to anyone. receiver, took the bank August at noon. There great deal of mail that had to attended Myself, and Miss who will assist in the Doty, bank, worked for two of this mail that accumulated care since the bank closed July 19th. We opened the bank Monday, August 7th, for general business, and must were much pleased by the way the this bank feel in this matter. We explained best could questions that any asked of and are ready and anxious to do all can to assist the patrons any time, and going to do our best to liquidate this bank soon possible, and with as expense as sible to the depositors. The bank bad condition. Any questions may to the bank regard in and will gladly will give statement you regard to the bank as possibly can; kindly ask to withhold blaming anyone for the delay, unavoid- JOE Receiver.

7. August 10, 1933 The Kingfisher Times Kingfisher, OK
Article from The Kingfisher Times, August 10, 1933

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Article Text

NOTICE Notice hereby given persons who have claims may against First National Bank Kingfisher", Oklahoma, that the must be presented to Roetzel, Receiver, with the proof thereof within three months from this date they be disallowed. may Comptroller the Currency published Times

8. September 18, 1933 The Guthrie Daily Leader Guthrie, OK
Article from The Guthrie Daily Leader, September 18, 1933

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Article Text

FABULOUS FORTUNE MADE ON MARKET IS SUDDENLY LOST (Continued From Page One) him after that night learned his New Orleans. Cariberg and his wife were to tend a party in a Remo the night party early and was to return for his wife. She net heard from refuses to discuss the case Mrs. Cariberg who has an The habitants was greatly shocked that het July morning when word spread that the First National Bank had failed to open for business Per years hundreds of had kept their accounts there The Carlberg has been in Kingemjoyed the highest respect and confidence of the bank's customers After the institution closed its doors, but before National Bank Examiner R. North were heard to numark that they were with the - Carlberg backing the bank He gave statement the day after the closing expressing the belief the hands of Joe City, who that he would de all in This power to liquidiate the bank as soon as News Spread Quickly The two weekly there (Kingfisher doesn't have daily were just going to press If of the and in their Many people would believe that the strong First National had failed to Small groups gathered in of the and read the posted - the by the The bank numbered hundreds of ers including many farmers as the trade area agricultural Minst of the city and county funds were kept at the are expected to be tained as certain securities back Fall Picks has added aspect to the town along word from Agent that be would do all to his power speed the closed times in order to be able to anthe whole the community to discuss the berg somebow will make grod the

9. September 28, 1933 Kingfisher Free Press Kingfisher, OK
Article from Kingfisher Free Press, September 28, 1933

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Article Text

MISSING BANKER UNDER ARREST Sheriff Ed Martin and County Attorney V. D. Firestone went to Salina, Kansas, Tuesday and returned Wednesday night with L. R. Carlberg, cashier of the First National Bank of Kingfisher, who has been missing since July 19. A warrant had been issued on September 25 and he was taken into custody at Salina on the 27th. The bank was closed July 19, by the president and examiners were called to investigate its conditon. It is now in process of liquidation. The specific charge in the warrant is embezzlement in the amount of $300. However, the shortage is said to be over $60,000. Carlberg was arraigned this (Thurs. day) morning before C. 0. Oakes Justice of the Peace, entered a plea of not guilty and bond was set at $5,000. Bond had not been made at the ime of going to press.

10. October 12, 1933 The Kingfisher Times Kingfisher, OK
Article from The Kingfisher Times, October 12, 1933

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sewing room, providing unemployed women, openin Kingfisher this week above the First National bank. action climaxed several weeks activity the local women, who completed the necessary arrangements in spite many difficulties which were countered. The labor will be paid for through the office of Henry Miller. Use of two sewing machines and electric has donated citizens, and the city furnishelectricity. The location may be used by permission the bank receiver, until time there shall an to secure tenant. tho't that made available heat during rooms uncomfortable weather. Old garments, also donated, are being made wearable clothing. the work will used one four days, every week, the amount of work pending upon the number pendents they have. Women whose husbands also registered, and receiving widows pensions, other aid, eligible work in the sewing Twelve being employed this week, the Anna Bengs. Next week the colored of women the community will the use sewing provided there sufficient material hand keep them busy. the project to be tinued, will for the necessary people of the community keep the room supplied with clothing be made Work projects for been approved for Hennessey and Cashion. of this nature are already progress Dover and Kingfisher, an basis.

11. December 7, 1933 The Kingfisher Times Kingfisher, OK
Article from The Kingfisher Times, December 7, 1933

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Article Text

INDICT KERNS AND CARLBERG Roe Roetzel, First National bank receiver, Thelma Doty, Kingfisher, and Sam Kelly of Cashwere in Oklahoma City Wednesday appearing before the federgrand witnesses in hearing accusations againstt Leland Carlberg and Floyd Kerns, growing out of the failure of the local bank in July. Charges against Carlberg and Kerns, of misplacing funds of the bank, confirmed in dictment returned by federal grand jury at City day. The pair will face federal court trial, probably at the Januterm court. They leged to have turned of the bank's money to their the market and indicted grain five counts alleging misapplication of funds and making false tries the bank's books. The counts enumerated three séparate items $5,000 each and for $8,250. Dates of the alleged fenses are from last July to when the wheat market fluctuating sharply.

12. October 18, 1934 The Kingfisher Times Kingfisher, OK
Article from The Kingfisher Times, October 18, 1934

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Article Text

BANK DIVIDEND DEMAND Roetzel, First National Joe receiver, reported WednesBank evening that about day the dividend checks had called for during the time that elapsed since they received from Washington. The remainder are expected short time. first dividends have brought deposithere other dividends in the future. well pleased with the which bank's being liquidated. that the national bank present time local bank have offset the it has nothing. The ultimate not nearly as great Roetzel believes. liquidator has ably asMiss Doty, whose with the bank's records much time and have been no other