First National Bank - Ninnekah, OK

Bank Information

Episode Type: Suspension → Closure
Bank Type: national
Bank ID: 12173
Charter Number: 12173
Start Date: January 1, 1926
Location: Ninnekah, Oklahoma (34.948, -97.924)

Metadata

Model: gpt-5-mini
Short Digest: ab214322

Response Measures

None

Description

Article (Dec 18, 1925) reports that the First National Bank of Ninnekah will voluntarily liquidate/close about the turn of the year so a new state-chartered bank can be organized. Depositors are to be paid in full and assets turned over; this is a voluntary liquidation (not a run or government closure).

Events (3)

1. April 18, 1922 Chartered

Source: historical_nic

2. December 31, 1925 Voluntary Liquidation

Source: historical_nic

3. January 1, 1926 Suspension

Cause: Voluntary Liquidation
Cause Details: Stockholders and officers agreed to voluntarily liquidate the national bank so a new state-chartered bank could be organized; depositors to be paid in full and assets turned over to organizers of new bank.
Newspaper Excerpt: voluntarily liquidate the First National bank of Ninnekah before the first of the [year]
Source: newspapers

Newspaper Articles (1)

1. December 18, 1925 The Chickasha Daily Express Chickasha, OK

Article from The Chickasha Daily Express, December 18, 1925

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Article Text

Local Men Interested First tional There Say State Bank Will Be Organized When Pres. ent Institution Closes. With plans agreed upon by stock holders and officers to voluntarily liquidate the First National bank of Ninnekah before the first of the are that the business men of Ninnekah be able secure charter for new bank under state statutes, according to Chandler, vice-president the Oklahoma National Bank who in the Ninnekah bank "We have found that the capital demanded by national bank ing laws much great to allow profit in town of that Mr Chandler stated. depositors of the bank are paid in full the Oklahoma National bank of Chickasha up National officers the the assets probably be turned which now organization "A number of local business stockholders the Ninnekah are bank K. Wootten this president and viceWilliams is cashier president bank is ready pay off all claims and its by the the year. was informed by Ninnekah business Thursday that considerable was being made to wards the new bank. Under state laws cap required but new ruling will require a capital of $15,000. how ever. "The business men of Ninnekah are doing possible to prevent any chance that they might be deprived local bank believe that they be successful. "Pelham Williams, cashier of the First Bank of will be connected with the Oklahoma National bank here after the first of the year Mr. Williams was formerly identified with the Oklahoma National and is well known in Chickasha."