Citizens Bank - Mountain Park, OK

Bank Information

Episode Type: Suspension → Closure
Bank Type: state
Start Date: April 19, 1911
Location: Mountain Park, Oklahoma (34.697, -98.950)

Metadata

Model: gpt-5-mini
Short Digest: c56ca000

Response Measures

None

Description

Single article (The Nome Daily Nugget, 1911-04-19) reports Citizens Bank of Mountain Park suspended and described as defunct/insolvent; officers arrested for accepting deposits after insolvency. No run reported. Classified as suspension leading to closure/receivership.

Events (1)

1. April 19, 1911 Suspension

Cause: Bank Specific Adverse Info
Cause Details: Bank had been declared insolvent; continued to receive deposits after insolvency and officers arrested for accepting funds despite insolvency.
Newspaper Excerpt: The Citizens bank of this city suspended today and its offices were promptly arrested for accepting funds when the bank had been declared insolvent.
Source: newspapers

Newspaper Articles (1)

1. April 19, 1911 The Nome Daily Nugget Nome, AK

Article from The Nome Daily Nugget, April 19, 1911

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Article Text

DOORSUCLOSE-BANK DEFUNCT MANY LABORERS MADE DEPOSITS WITH INSOLVENT INSTTITU. TION. Special Nugget Service. MOUNTAIN PARK. Okla., April 19. The Citizens bank of this city suspended today and its offices were promptly arrested for accepting funds when the bank had been declared insolvent. The suspension of the bank means a good deal to the many laborers and middle class people of this city, a majority of who had placed all their savings with the defunct institution. The bank received deposits after it had been declared insolvent, and by so doing, the officers of the institution have made themselves liable to serious charges.