First State Bank - Marietta, OK

Bank Information

Episode Type: Suspension → Reopening
Bank Type: state
Start Date: December 1, 1920*
Location: Marietta, Oklahoma (33.935, -97.124)

Metadata

Model: gpt-5-mini
Short Digest: a59b572c

Response Measures

None

Description

Article (Dec 5, 1920) reports the First State Bank of Marietta was closed by order of the state bank examiner and is expected to resume business under new ownership. No run or depositor panic is described. OCR typo corrected: 'Marletta' -> 'Marietta'.

Events (2)

1. December 1, 1920* Suspension

Cause: Government Action
Cause Details: Closed by orders of the state bank examiner earlier in the week.
Newspaper Excerpt: the First State Bank of Marletta, which was closed by orders from the state bank examiner, during the early part of the week.
Source: newspapers

2. December 6, 1920 Reopening

Newspaper Excerpt: The bank is expected to open its doors Monday morning ... A complete re-organization will be effected ... the bank will again resume business Monday.
Source: newspapers

Newspaper Articles (1)

1. December 5, 1920 The Daily Ardmoreite Ardmore, OK

Article from The Daily Ardmoreite, December 5, 1920

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Article Text

HAROLD WALLACE AND ASSOCIATES MAY BUY STOCK MARIETTA BANK Special to The Ardmoreite) Marietta, Okla., Dec. 4.-According to reports, Harold Wallace, of Ardmore, E. A. Walker, of Oklahoma City, and Mr. White. of Durant, are bidding against each other for the stock of the First State Bank of Marletta, which was closed by orders from the state bank examiner, during the early part of the week. The bank is expected to open its doors Monday morning. under the direction of the party who suceeds in buying the stock. A complete re-organization will be effected. but it is believed that the former management of the institution will have active charge of the running of the bank. The First State Bank is one of the most popular banking institutions in Love county, and the citizens of Marietta and the county are very gratified to learn that that bank will again resume business Mondaly.