18120. Muskogee National Bank (Muskogee, OK)

Bank Information

Episode Type
Suspension → Closure
Bank Type
national
Bank ID
9023
Charter Number
9023
Start Date
October 25, 1925
Location
Muskogee, Oklahoma (35.748, -95.370)

Metadata

Model
gpt-5-mini
Short Digest
c0de11bc

Response Measures

None

Description

Articles describe the Muskogee National Bank as closed, placed in receivership (receiver L. R. Kershaw), liquidation auctions of collateral and payment of dividends to depositors. No articles describe a depositor run; closure appears to be a government/examiner action with receiver appointed and the bank remaining closed.

Events (6)

1. February 6, 1908 Chartered
Source
historical_nic
2. March 29, 1924 Voluntary Liquidation
Source
historical_nic
3. October 25, 1925 Suspension
Cause
Government Action
Cause Details
Bank closed and an examiner/receiver was named; articles refer to examiner/Comptroller McIntosh and a receiver having been appointed.
Newspaper Excerpt
she was told ... the bank closed two weeks ago and would not open for business
Source
newspapers
4. January 24, 1926 Receivership
Newspaper Excerpt
L. R. Kershaw, receiver for the Mus[kogee] National ... auction of jewelry ... to speed up liquidation of the 'Security' ... receipts ... bring the total assets collected to well over $600,000. ... dividend promised depositors by Comptroller McIntosh in the near future.  (Article date: 1926-01-24.) Excerpt confirms receiver and liquidation activity. 
Source
newspapers
5. February 23, 1926 Other
Newspaper Excerpt
OFFERS BARGAIN IN BANK MARBLE — Receiver Kershaw Will Sell Fixtures of Two Now Closed ... The Muskogee National fixtures are now in storage. ... they will be sold soon.
Source
newspapers
6. April 1, 1926 Other
Newspaper Excerpt
BANK DIVIDEND READY ... first dividend to depositors of the defunct Muskogee National bank will be made ... checks ... will be disbursed ... receipts approximate $600,000.
Source
newspapers

Newspaper Articles (6)

Article from The Ponca City News, June 7, 1925

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Article Text

HUGO NATIONAL BANK RECEIVER IS NAMED Hugo, June Cooper receiver for the Muskogee, Hugo National bank, was appointed receiver for the City National bank of Hugo yesterday. made by Intosh, comptroller of the curBarker, national bank aminer, assets of the and Cooper will institution now take charge as soon as the invoice completed. has been made concerning the re-organization although it understood plans, that definite plan is being formulated.


Article from Muskogee Times-Democrat, November 9, 1925

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Article Text

WOMAN WANTED TO PLACE FUNDS IN CLOSED BANK A negro woman at Haskell evidently hadn't been reading the papers much of late walked into the Muskoational bank Fourth and Broadway this morning small her hand. Right up the teller's window she to deposit $2,800." she told went around It took several minutes to convince woman that the bank closed two weeks ago and would not open for business the zation plan was approved by deposievidently re-establishing confidence this remarked Roberts, examiner, named receiver urday.


Article from Muskogee Daily Phoenix and Times-Democrat, January 24, 1926

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Article Text

Jewelry and Autos, 'Security' Sureties. Will Go at Auction DIAMONDS and Cadillacs will be offered for sale "to the highest bidder" In the near future by L. R. Kershaw, receiver for the MusNational The armounced yesterday that he stage auction of jewelry held the bank as security on unpaid February Four diamonds varying in weight from 1-4 to carats will auctioned front of the closed depository unless they redeemed by the owners Kershaw said that he would sell soon after the diamond sale The receiver to speed up liquidation of the "Security through these auctions,


Article from Muskogee Daily Phoenix and Times-Democrat, February 16, 1926

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Article Text

COUNTESSES CLASH AS CRAVEN CRAVEN FLEES Lady Vera Gives Her Notions And Definitions of Morality From Ellis Island 'Pen' EXSWEETHEART'S WIFE DUBS HER 'THAT WOMAN' While Safe in Montreal, Free From Arrest Warrant, Onelegged Earl Declares It's All A Terrible Unpleasantry By The Associated Press Countess of Catheart, called the Earl of Craven "coward" today and the Countess of Craven called the Countess of Catheart "that woman, in reply Their pointed exchange of personalities an quiet interlude in the attempts of the Countess of Catheart to open the doors closed to her by the Immigra tion authorities. Nothing official happened to alter the status of anyone The young earl was safely In Mont real. the Countess Catheart against her will, at Ellis Island, and the of miles away, in Park avenue apartment, when the two noblewomen made their thrusts. An Affectionate Scene "I always thought the earl plucky she said today 'but apparently he is not This is terrible ordeal for me, but have lot of fight me yet. have not run as Lord Craven has,' Lady Vera said. Of Lady Craven, she added: never took her husband away from her. Many women did that. Last September Lady Craven invited me to her London home and kissed me and said: 'Hope you and George be very happy together when you And this was after Lord Craven and had been living together in South Africa for years. GUN DUE Lost Leg in War The Countess of Craven flatly nied that few hours Inter. Her band, she said, had In the he was lured by older In theory Lady brief for the is to One RECEIVER $45,500 Paid by Proecedings Going Into Fund to Be Paid Depositors "Sale of the McKibban building make about $45,500 more in cash available for the receivership of the National bank,' L. R. Kershaw last night in announcing the sale of the two-story brick structure just north of the Muskogee National bank building to Warner. The property. which secured certain notes held by the "Security, was sold by former officials of the Muskogee National bank. The proceeds will be used in paying the guarantees of these officers on the notes held by the Sale of the McKibban structure seen both as an evidence of confidence in Muskogee's future on the part of Mr. Warner and an attempt to liquidate the assets of the closed bank as rapidly as possible. Receipts of the proceeds by the receivership will bring the total assets collected to well over $600,000. It is understood. and probably increase the size of the dividend promised depositors by Comptroller McIntosh in the near future.


Article from Muskogee Times-Democrat, February 23, 1926

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Article Text

OFFERS BARGAIN IN BANK MARBLE Receiver Kershaw Will Sell Fixtures of Two Now Closed Fixtures of two closed Muskogee banks soon may be sold to bankers outside the state, L. R. Kershaw, receiver for the National tank, intimate dtoday. "The fixtures in this bank cost and the fixtures in the old Muskogee National bank cost $20,000. he said. "but they can be purchased for considerably less. The Muskogee National fixtures are now in storage. have had bide from Kansas and Texas for these fixtures. Threy will be sold soon either Oklahoma parties or somebody outside the Mr. Kershaw negotiating with western Oklahoma bankers garding formation of bank here. Fut nothing definite been decided.


Article from Muskogee Daily News, April 1, 1926

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Article Text

BANK DIVIDEND READY loss, million ABOUT TWO WEEKS IN homes by wind. to exclusively in THE As forecast put NEWS on Sunday, March DAILY of first dividend to section of the defunct Muskogeepositors hotels National bank will Security property will made per cent. within the next two available The plans materialize. weeks if present was dividend last Checks for night were dispatched to Washofficial signature $1,000 ington for will be disbursed there and they Depositors, FOR as call the office however, must the receiver. Commercial Nabuilding for their tional bank which will approximate $600,000.