First National Bank - Morris, OK

Bank Information

Episode Type: Suspension → Closure
Bank Type: national
Bank ID: 8876
Charter Number: 8876
Start Date: December 14, 1920
Location: Morris, Oklahoma (35.608, -95.860)

Metadata

Model: gpt-5-mini
Short Digest: cf781a60

Response Measures

None

Description

Articles (Dec 14-15, 1920) report First National Bank of Morris failed to open due to a $40,000 shortage; affairs placed in hands of the Comptroller of the Currency and a receiver was implied. No run is described — this is a suspension leading to closure/receivership driven by bank-specific adverse information (cashier shortage/possible embezzlement).

Events (4)

1. September 17, 1907 Chartered

Source: historical_nic

2. December 14, 1920 Receivership

Newspaper Excerpt: A notice on the door said the affairs of the bank are in the hands of the comptroller of the currency.
Source: newspapers

3. December 14, 1920 Suspension

Cause: Bank Specific Adverse Info
Cause Details: Shortage of $40,000 discovered in bank funds; cashier R. (or B.) DeLisle assigned property to the bank valued about $75,000; bank failed to open and was placed under control of the Comptroller of the Currency.
Newspaper Excerpt: First National Bank of Morris, Oklahoma, Fails to Open Doors. ... failed to open today. ... A notice on the door said the affairs of the bank are in the hands of the comptroller of the currency.
Source: newspapers

4. May 4, 1921 Voluntary Liquidation

Source: historical_nic

Newspaper Articles (2)

1. December 14, 1920 The Topeka State Journal Topeka, KS

Article from The Topeka State Journal, December 14, 1920

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Article Text

CASHIER WAS SHORT $40,000. First National Bank of Morris, Oklahoma, Fails to Open Doors. Muskogee, Dec. 14.-A shortage of $40,000 has been found in the funds of the First National bank of Morris, Okla., which failed to open today, according to L. S. Bagley, of this city, vice president of the institution. He asserted R. Delisle, cashier, who has been operating the bank for the last three years, has assigned to the bank property valued at $75,000. The bank's capitalization is placed at $30,000.

2. December 15, 1920 Albuquerque Morning Journal Albuquerque, NM

Article from Albuquerque Morning Journal, December 15, 1920

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Article Text

CLASSIFIED DOORS OF OKLAHOMA BANK FAIL TO OPEN (By The Associated Press) Muskogee Okla. Dec. 14.-The First National bank of Morris, Ded to open this morning. A notice on the door said the aftairs of the bank are in the hands of the comptroller of the currency. The bank's capitalization is placed at $30,000. A shortage of $40,000 has been found in the funds of the bank, according to L.A. Baglet of this city, vice president of the institution. He asserted B. DeLisle, cashier and manager, has assigned to the bank property valued at $75,7 000.