18082. Lehigh National Bank (Lehigh, OK)

View Charter #5755 on SPMC

Bank Information

Episode Type
Suspension → Closure
Bank Type
national
Bank ID
5755
Charter Number
5755
Start Date
April 23, 1926
Location
Lehigh, Oklahoma (34.469, -96.216)

Metadata

Model
gpt-5-mini
Short Digest
93e203e6

Response Measures

None

Receivership Details

Depositor recovery rate
1.8%
Date receivership started
1923-11-08
Date receivership terminated
1929-07-20
OCC cause of failure
Economic conditions
Share of assets assessed as good
25.3%
Share of assets assessed as doubtful
47.4%
Share of assets assessed as worthless
27.3%

Description

Newspaper items indicate Lehigh National Bank was already 'defunct' by April 23, 1926. Subsequent 1927–1928 notices refer to a receiver (P. Harris) handling foreclosure sales and suits, and later another receiver (R. H. Alexander) pursuing claims — consistent with a suspension/closure and receivership. The articles do not describe any depositor run or a reopening, nor do they state a specific cause for suspension/failure; cause therefore coded as 'other'.

Events (6)
1. March 25, 1901 Chartered
Source
historical_nic
2. November 8, 1923 Receivership
Source
historical_nic
3. April 23, 1926 Suspension
Cause Details
Article describes the bank as 'now defunct' but gives no specific trigger or cause for the suspension/closure.
Newspaper Excerpt
Lehigh National bank, now defunct
Source
newspapers
4. June 22, 1927 Receivership
Newspaper Excerpt
Harris, Receiver for Lehigh National Bank. ... suit on the 22nd day of June, 1927, in favor of Jefferson as plaintiff, in the sum of $1959.00 ... and Harris, Receiver for Lehigh National Bank, of Lehigh, Oklahoma are defendants to satisfy the judgment said suit on the 22nd day of June, 1927.
Source
newspapers
5. April 16, 1928 Other
Newspaper Excerpt
P. Harris, Receiver Bank of the Lehigh Lehigh, Oklahoma National Plaintiff ... Order of Sale. That issued in an action out of the District Court ... April, the 16th day ... Receiver for the Lehigh National Bank of Lehigh, Oklahoma, was plaintiff ... directed me to levy upon, advertise and sell the following described property.
Source
newspapers
6. October 20, 1928 Other
Newspaper Excerpt
R. H. Alexander, receiver for the Lehigh National bank, and for the City National bank of Coalgate, filed three actions today in federal court for recovery on notes that the defunct banks are alleged to hold.
Source
newspapers

Newspaper Articles (4)
1. April 23, 1926 Muskogee Times-Democrat Muskogee, OK
Article from Muskogee Times-Democrat, April 23, 1926

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Article Text

SAYS BANKRUPTCY DUE TO FAILURE OF BANK A petition in voluntary bankruptcy was filed today in federal court by David Brown of Lehigh, in Coal county. He states that his last business was that of druggist He lists his liabilities at $6555.78 of which $4000 is due on stockholders' liability for stock held by him in the Lehigh National bank, now defunct, and $2000 is due the Federal Surety company on indemnity bonds he signed for the bank His assets are stated at $2450. of which $1900 is the money that was on deposit in the bank at the time of its failure.

2. January 19, 1928 Indian Citizen Atoka, OK
Article from Indian Citizen, January 19, 1928

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Article Text

IN THE DISTRICT COURT WITHIN AND FOR COUNTY STATE OF HOMA. Jefferson Green, Plaintiff, No. L. Way, et al. NOTICE OF SHERIFF'S SALE NOTICE Is hereby given that on the 6th day of February, 1928, at 10 o'clock M. at the front door of the Court House Atoka, in Atoka Oklahoma, the undersigned, Sheriff of Atoka County, Oklahoma, will offer for sale and sell for cash at public auction to the highest and best bidder. without appraisement, all that certain real estate in Atoka County in the State of toThe West Half of the Northeast Quarter and the West of the East Half of the Northeast Quarter of Section Township 3 South, Range 11 subject to taxes. Said sale will be made to order sale issued out of the office of the Court Clerk of Atoka County Oklahoma, upon judgment entered in the District Court of Atoka in an action wherein Green plaintiff, and L. Way and Mary Way. husband and wife: The American Investment corporation; R. H. Chavers; E. Briggs: L. Boose and Minnie Boose, husband and wife: Fritz Elterman: W McDougal: Jim Dougal M. Dougal, and Harris, Receiver for Lehigh National Bank. of Lehigh, Oklahoma are defendants to satisfy the judgment said suit on the 22nd day of June, 1927. in favor of Jefferson as plaintiff, in the sum of $1959.00 with interest at the rate of ten per cent per annum from June 1927 $160 00 attorney fee and the costs and accruing and foreclosure of mortgage held by said plaintiff lien on land as security for the of said indebtedWITNESS My hand this 29th day of P. Sheriff Atoka County, Oklahoma J. G. Attorney for Plaintiff (Pub. Jan. 5, 12. 19. 26, Feb. 2, 1928.)

3. April 26, 1928 Indian Citizen Atoka, OK
Article from Indian Citizen, April 26, 1928

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Article Text

IN WITHIN COURT DISTRICT THE COUNTY AND STATE FOR OF HOMA. P. Harris, Receiver Bank of the Lehigh Lehigh, Oklahoma National Plaintiff 3628 Daisy D. Robertson OF et Defendants. SALE. NOTICE IS HEREBY Order GIV of Sale. That issued in an and for District Court in out of the on State Atoka action an of April, the 16th day Receiver for the wherein Lehigh National Harris Bank of Lehigh, Oklahoma, was plaintiff, and Daisy nee D. RobCora Fay Vanduker. Robertson. Ethel Arlie Robertson. Robertson. Josie Verna Fern Rob- Roband Lump Cook B. Howard. ertson. were defendants, E. directed of to me. County. the Sheriff Oklahoma, undersigned me to levy upon. advertise and sell the follow described property. The W½ to-wit of the SE% of SW% of Section Township South, Range The and of the SW14 of the NWM of Section 9, Township South,

4. October 20, 1928 Muskogee Times-Democrat Muskogee, OK
Article from Muskogee Times-Democrat, October 20, 1928

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Article Text

BANK RECEIVER FILES ON NOTES IN S. COURT R. H. Alexander. receiver for the Lehigh National bank, and for the City National bank of Coalgate, filed three actions today in federal court for recovery on notes that the defunct banks are aleged to hold. Whitlock, of Sulphur, was sued for $151.85, claime) to be due the Lehigh bank. An action against W. B. Hall and Leila Hall, both of Coal county, for $227.23. and against M. Oxly for $569.08 was filed on behalf of the Coalgate bank.