Citizens National Bank - Okmulgee, OK

Bank Information

Episode Type: Suspension → Closure
Bank Type: national
Bank ID: 6241
Charter Number: 6241
Start Date: August 23, 1933
Location: Okmulgee, Oklahoma (35.623, -95.961)

Metadata

Model: gpt-5-mini
Short Digest: b5ee9bc6

Response Measures

None

Description

OCRed article describes a plan involving a receiver and transfer of Citizens National Bank (Okmulgee) stock to effect a transfer/assumption of liabilities. No mention of depositor runs; the bank is in receivership/government action and appears being closed/handled by receiver. Corrected minor OCR issues (e.g., 'Southwest Bank Shares Receiver Would Aid' and fragmented sentences).

Events (4)

1. May 5, 1902 Chartered

Source: historical_nic

2. August 23, 1933 Receivership

Newspaper Excerpt: Federal Judge Kennamer that the plan the Citizens National bank Okmulgee by placing its 1,290 shares of stock ... with Attorney Ed Hart ... pledged ... for the transfer of all the Citizens National ... receiver would aid ... South west Bank Shares Corp. today proFederal Judge Kennamer that the plan the Citizens National bank Okmulgee by placing its 1,290 shares of stock that bank with Attorney Ed Hart The stock would then be pledged The for the transfer of all the Citizens National These will be accompanied by pledge of shareholders ... liabilities assumed by the new institution within three years (OCR text fragment).
Source: newspapers

3. August 23, 1933 Suspension

Cause: Government Action
Cause Details: Court-ordered receivership and plan for transfer of the bank's stock and liabilities under supervision of Federal Judge Kennamer and a receiver; bank effectively suspended by receiver
Newspaper Excerpt: plan the Citizens National bank Okmulgee by placing its 1,290 shares of stock ... to the transfer of all the Citizens National ... accompanied by pledge of shareholders that they equal the amount of liabilities assumed by the new institution
Source: newspapers

4. September 30, 1933 Voluntary Liquidation

Source: historical_nic

Newspaper Articles (1)

1. August 23, 1933 The Tulsa Tribune Tulsa, OK

Article from The Tulsa Tribune, August 23, 1933

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Article Text

Bank Plan Proposed Southwest Bank Shares Receiver Would Aid South west Bank Shares Corp. today proFederal Judge Kennamer that the plan the Citizens National bank Okmulgee by placing its 1,290 shares of stock that bank with Attorney Ed Hart The stock would then be pledged The for the transfer of all the Citizens National These will be accompanied by pledge of shareholders that they equal the amount of liabilities assumed by the new institution within three years