Citizens Bank - Lamont, OK

Bank Information

Episode Type: Suspension → Closure
Bank Type: state
Start Date: February 22, 1934
Location: Lamont, Oklahoma (36.691, -97.556)

Metadata

Model: gpt-5-mini
Short Digest: 279dafd3

Response Measures

None

Description

Article (1934-02-22) states the bank was being liquidated and that books had been taken by order of a judge for a grand jury audit. No mention of a depositor run; the bank is in liquidation (state liquidating agent), indicating a suspension and permanent closure/receivership.

Events (3)

1. February 22, 1934 Receivership

Newspaper Excerpt: E. B. Cardwell, state liquidating agent at the Citizens Bank announces ... he is now ready to resume the work of liquidating the bank.
Source: newspapers

2. February 22, 1934 Reopening

Newspaper Excerpt: BANK REOPENED FOR LIQUIDATION WORK ... he is now ready to resume the work of liquidating the bank.
Source: newspapers

3. * Suspension

Cause: Government Action
Cause Details: Books were seized by order of Judge Bird for a grand jury audit, consistent with government/examiner action leading to suspension.
Newspaper Excerpt: books of the bank have been returned from Medford where they were taken by order of Judge Bird for an audit instructed by the grand jury
Source: newspapers

Newspaper Articles (1)

1. February 22, 1934 The Valley News Lamont, OK

Article from The Valley News, February 22, 1934

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Article Text

BANK REOPENED FOR LIQUIDATION WORK E. B. Cardwell, state liquidating agent at the Citizens Bank announces that all books of the bank have been returned from Medford where they were taken by order of Judge Bird for an audit instructed by the grand jury, and that he is now ready to resume the work of liquidating the bank.