18105. Peoples State Bank (Morris, OK)

Bank Information

Episode Type
Run → Suspension → Reopening
Bank Type
state
Start Date
January 1, 1925*
Location
Morris, Oklahoma (35.608, -95.860)

Metadata

Model
gpt-5-mini
Short Digest
07dc8f3f

Response Measures

Capital injected, Full suspension, Books examined

Other: Reopened under new name (Security State Bank) with reorganization of stockholders and officers.

Description

Articles report a multi-week slow run that depleted cash and the bank failed to open (early Feb 1925). The bank later reopened (Apr 3, 1925) under the name Security State Bank. No specific rumor or scandal is mentioned — withdrawals described as a 'slow run'.

Events (3)
1. January 1, 1925* Run
Cause Details
Steady/slow withdrawals over several weeks that progressively depleted the bank's cash fund.
Newspaper Excerpt
Lucas said that there had been a 'slow run' the bank's cash extending over several weeks and the cash fund almost depleted.
Source
newspapers
2. February 2, 1925 Suspension
Cause Details
Bank failed to open after the prolonged slow run left the cash fund almost depleted.
Newspaper Excerpt
failed to open its doors Monday morning, according to J. D. Lucas, deputy state banking examiner.
Source
newspapers
3. April 3, 1925 Reopening
Newspaper Excerpt
Peoples State Bank of Morris, which closed its doors month ago after steady run the bank...been reopened the name the Security State Bank.
Source
newspapers

Newspaper Articles (4)
1. February 3, 1925 The Houston Post Houston, TX
Article from The Houston Post, February 3, 1925

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Article Text

Slow Run on Oklahoma Bank Closes Institution People's State bank Morris, seven miles east here, failed to open doors Monday to D. Lucas, deputy State bank examiner. Lucas said that there had been a 'slow run" the bank's cash extending over several weeks and the cash fund almost depleted.

2. February 3, 1925 Morning Examiner Bartlesville, OK
Article from Morning Examiner, February 3, 1925

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Article Text

MORRIS BANK CLOSES ples' State bank Morris, east of here, failed to doors Monday morning, cording to Lucas, deputy bank examiner. Lucas said that there had been "slow the bank's cash extending weeks and the cash fund almost depleted.

3. February 5, 1925 Weleetka American Weleetka, OK
Article from Weleetka American, February 5, 1925

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Article Text

BANK AT MORRIS FAILS AFTER SIX WEEKS RUN Okmulgee,-The Peoples State bank at Morris, seven miles east of here, failed to open its doors Monday morning, according to J. D. Lucas, deputy state banking examiner. Lucas said that there had been a "slow run" on the bank's cash extending over several weeks and the cash fund was almost depleted. A negro who had unwisely assimilated some alien chickens heard the sheriff was on their trail. Hastily he sought the agent of the railroad, asking for a ticket to the end of the line. The passenger train left a few min utes ago, replied the agent. "Well," gasped the hard-breathing tourist, "jes' gimme de ticket and p'int out de track.

4. April 3, 1925 The Enid Morning News Enid, OK
Article from The Enid Morning News, April 3, 1925

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Article Text

MORRIS STATE BANK OPENED Peoples State Bank Reopened Security State Bank. MORRIS, Peoples State Bank of Morris, which closed its doors month ago after steady run the bank. been reopened the name the Security State Bank. tinues and cashier. has been elected vice president. Stockhold declare renewed steady