18168. Citizens Bank (Ponca City, OK)

Bank Information

Episode Type
Run → Suspension → Closure
Bank Type
state
Start Date
April 11, 1904
Location
Ponca City, Oklahoma (36.707, -97.086)

Metadata

Model
gpt-5-mini
Short Digest
c329fed4

Response Measures

Full suspension

Description

Multiple contemporaneous newspaper dispatches (Apr 11–12, 1904) report 'sudden withdrawals of deposits' and 'failure to make collections'; directors closed the bank and a receiver (H.C.R. Broadham/Brodball) was appointed. This indicates a depositor run leading to suspension and assignment of a receiver (permanent closure). Bank type not specified in sources (no 'National' or 'State' in name). OCR variants of receiver's name (Broadham/Broadhead/Brodball) noted in articles.

Events (4)
1. April 11, 1904 Receivership
Newspaper Excerpt
Territorial Bank Commissioner Cooper is in charge and H. C. R. Broadham (Brodball/Broadhead) has been appointed receiver. No statement has been made of the assets and liabilities.
Source
newspapers
2. April 11, 1904 Run
Cause
Bank Specific Adverse Info
Cause Details
Sudden withdrawals of deposits combined with a failure to make collections (liquidity/asset collection problems) triggered heavy withdrawals.
Measures
Directors closed the bank's doors and posted a notice; Territorial Bank Commissioner took charge; receiver appointed.
Newspaper Excerpt
On account of sudden withdrawals of deposits and a failure to make collections, we deem it best to close this bank
Source
newspapers
3. April 11, 1904 Suspension
Cause
Bank Specific Adverse Info
Cause Details
Bank closed due to sudden withdrawals and failure to make collections; directors suspended payments and halted business; Territorial Bank Commissioner in charge and receiver appointed.
Newspaper Excerpt
The Citizens bank closed its doors to-day and the directors posted this notice
Source
newspapers
4. June 25, 1904 Other
Newspaper Excerpt
Receiver Brodball gives notice that he will make a payment of 20 per cent to the creditors of the Citizens' bank on the 25th of this month. ... indications are that the creditors of the bank will be paid in full in less time than was expected.
Source
newspapers

Newspaper Articles (13)
1. April 12, 1904 The Birmingham Age-Herald Birmingham, AL
Article from The Birmingham Age-Herald, April 12, 1904

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Article Text

BANK POSTS NOTICE. Closes Doors In Order to Give All a Fair Chance. Ponca, Okla., April 11.-The Citizens bank closed its doors today and the directors posted this notice: "On account of sudden withdrawals of deposits and failure to make collections, we deem it best to close this bank so as to give all a fair chance." It is thought the bank will be able to pay 33 cents on the dollar, but this is not authentic. J. B. Givens is president and George T. McCandless is cashier. Territorial Bank Commissioner Cooper is in charge and H. C. R. Broadshem has been appointed receiver. No statement has been made of the assets and liabilities.

2. April 12, 1904 The Montgomery Advertiser Montgomery, AL
Article from The Montgomery Advertiser, April 12, 1904

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Article Text

CITIZENS BANK FAILS. Probable that Depositors May Get a Third Back. Ponca, Okla., April 11.-The Citizens Bank closed its doors to-day and the directors posted this notice: "On account of sudden withdrawals of deposits and a fallure to make collections, we deem it best to close the bank so as to give all a fair chance." It is thought that the bank will be able to pay 33 cents on the dollar, but this is not authentic, J. B. Givens is president and George T. McCandless is cashier. Territorial Bank Commissioner Cooper is in charge and H. C. R. Broadhead has been appointed receiver. No statement has been made of the assets and liabilities.

3. April 12, 1904 The Indianapolis Journal Indianapolis, IN
Article from The Indianapolis Journal, April 12, 1904

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Article Text

OKLAHOMA BANK CLOSES ITS DOORS PONCA CITY, O. T., April 11.-The Citizens' Bank closed its doors to-day and the directors posted this notice: "On account of sudden withdrawals of deposits, and a failure to make collections, we deem it best to close the bank SO as to give all a fair chance. It is thought that the bank will be able to pay 33 cents on the dollar, but this is not authentic." J. B. Givens is president and George T. McCandless cashier. Territorial Bank Commissioner Cooper is in charge and H. C. R. Broadbam has been appointed receiver. No statement has been made of the bank's essets and liabilities.

4. April 12, 1904 The San Francisco Call San Francisco, CA
Article from The San Francisco Call, April 12, 1904

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Article Text

WITHDRAWAL OF FUNDS CAUSES A FAILURE / PONCA CITY, Okla., April 11.-The Citizens' Bank closed its doors to-day and the directors posted this notice: "On account of sudden withdrawals of deposits and a failure to make collections we deem it best to close the bank, so as to give all a fair chance. It is thought that the bank will be able to pay 33 cents on the dollar, but this is not authentic." J. B. Givens is -president and George T. McCandless cashier. Territorial Bank Commissioner Cooper is in charge and H. C. Broadham has been appointed receiver. No statement has been made of the bank's liabilities or assets.

5. April 13, 1904 The Guthrie Daily Leader Guthrie, OK
Article from The Guthrie Daily Leader, April 13, 1904

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Article Text

Personal Mention, J. G. Green spent Monday in Kansas City. J. T. Kellogg of Fond Du Lac Wis, Is in the city, F. C. Champlin of Enid, was in the city yesterday. Dr. W. H. Gamble of Alva, spent yesterday in the city. City Assessor Hawkins of Oklahoma City, was in the city today. Attorney Fernandes of Stillwater, spent last night in the city. Mrs. C. M. Barnes is spending a few weeks in Hot Springs, Ark. Deputy Marshal Jacobson has gone to Anadarko to attend court. M. G. Smith and D. M. Newell of Wanette, are guests at the Elks. Attorney George Buckner left today for Oklahoma City on legal business. Mrs. T. B. Ferguson has returned from a visit with her sister at New kirk. Sam Larimer, traveling passenger agent of the Santa Fe, is here from Topeka. W. C. Guthrie of the "Katy" sys tem, was in the city on railroad bus! ness. J. W. Wilson, distric: manager of the Missouri and Kansas Telephone company, was in the city today. C. W. Cook, traveling freight agent of the Santa Fe, with headquarters in Topeka, spent last night in the city. Miss Lillie Eldredge, who has been visiting friends here several days returned to her home in Enid last even. ing. Mrs. E. A. Foster and children and John Wagner spent yesterday with their parents at Guthrie.-Chandler Publicist. Mrs. Ida Sappington. department secretary of the W. R. C., left for Guthrie today on official business Ponca City Courier. Miss Emma Berry of Guthrie, was 11 in the city yesterday visiting the S. family of her uncle, Isaac Gentis.Chandler Publicist. Irv C. Fuller, one of Oklahoma City's best known citizens, is in the city on private business. Contrary to the usual rule he is not a knocker against Guthrie. at at Mr. and Mrs. Charles Alling and family and Mr. DeWitt Alling left ce Monday on the 1 o'clock train for or Guthrie where they will make their BE future home.-Perry Republican. Major H. W. Pentecost has returned from a trip to Ponca City where he 1e turned the Citizens bank of that place 2 over to the receiver, Senator H. C. R. as Brodboll. ty Henry Thomas, a well known merchant of Sedalia, Mo., is in the city. "I like Guthrie," said Mr. Thomas. as "I regard It the best town in the south wes." H. E. Stevens of Fredonia, Kas. was in the city today. Mr. Stevens is

6. April 13, 1904 The Guthrie Daily Leader Guthrie, OK
Article from The Guthrie Daily Leader, April 13, 1904

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Article Text

Major H, W. Pentecost has returned from a trip to Ponca City where he turned the Citizens bank of that place over to the receiver, Senator H. C. R. Brodboll.

7. April 14, 1904 Iron County Register Ironton, MO
Article from Iron County Register, April 14, 1904

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Article Text

BANK CLOSES ITS DOORS. Sudden Withdrawals of Deposits and a Failure to Make Collections Said to Be the Cause. I Ponca City, Okla., April 12.-The Citizens' bank closed its doors Monday, and the directors posted this notice: "On account of sudden withdrawals of deposts and a failure to make collections, we deem it best to close the bank, SO as to give all a fair chance. It is thought that the bank will be able to pay 33 cents on the dollar, but this is not authentic." J. B. Givens is president, and George T. McCandless cashier. Territorial Bank Commissioner Cooper is in charge, and H. C. R. Broadbam has been appointed receiver. No statement has been made of the bank's assets and liabilities.

8. April 15, 1904 The Forrest City Times Forrest City, AR
Article from The Forrest City Times, April 15, 1904

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Article Text

BANK CLOSES ITS DOORS. Sudden Withdrawals of Deposits and a Failure to Make Collections Said to Be the Cause. Ponca City, Okla., April 12.-The Citizens' bank closed its doors Monday, and the directors posted this notice: "On account of sudden withdrawals of deposts and a failure to make collections, we deem it best to close the bank, so as to give all a fair chance. It is thought that the bank will be able to pay 33 cents on the dollar, but this is not authentic." J. B. Givens is president, and George T. McCandless cashier. Territorial Bank Commissioner Cooper is in charge, and H. C. R. Broadbam has been appointed receiver. No statoment has been made of the bank's assets and liabilities.

9. April 15, 1904 Morgan County Democrat Versailles, MO
Article from Morgan County Democrat, April 15, 1904

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Article Text

BANK CLOSES ITS DOORS. Sudden Withdrawnls of Deposits and as Failure to Make Collections Said to Be the Cause. Ponca City, Okla., April 12.-The Citizens' bank closed its doors Monday, and the directors posted this notice: "On account of sudden withdrawals of deposts and a failure to make collections, we deem it best to close the bank so as to give all a fair chance It is thought that the bank will be able to pay 33 cents on the dollar, but this is not authentic." J. B. Givens is president, and George T. McCandless cashier Territorial Bank Commissioner Cooper is in charge, and H C. R. Broadbam has been appointed receiver No statement has been made of the bank's asgets and liabilities

10. April 15, 1904 The Jasper Weekly Courier Jasper, IN
Article from The Jasper Weekly Courier, April 15, 1904

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Article Text

BANK CLOSES ITS DOORS. Sudden Withdrawals of Deposits and a Failure to Make Collections Said to Be the Cause. Ponca City, Okla., April 12.-The Citizens' bank closed its doors Monday, and the directors posted this notice: "On account of sudden withdrawals of deposts and a failure to make collections, we deem It best to close the bank, EO as to give all a fair chance. It is thought that the bank will be able to pay 33 cents on the dollar, but this is not authentic." J. B. Givens is president, and George T. McCandless cashier. Territorial Bank Commissioner Cooper is in charge, and H. C. R. Broadbam has been appointed receiver. No statement has been made of the bank's assets and liabilities.

11. April 16, 1904 The Diamond Drill Crystal Falls, MI
Article from The Diamond Drill, April 16, 1904

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Article Text

OKLAHOMA BANK CLOSES DOORS Ponca Institution Is Forced to Wall by Withdrawal of Deposits. Ponca City, Ok., dispatch: The Citizens' bank has closed its doors, and the directors posted this notice: "On account of sudden withdrawals of deposits, and a failure to make collections, we deem It best to close the bank, so as to give all a fair chance." It is thought that the bank will be able to pay 33 cents on the dollar, but this is not authentic. J. B. Givens is president, and George T. MeCandless cashier. Territorial Bank Commissioner Cooper is in charge, and H. C. R. Broadbam has been appointed receiver. No statement has been made of the bank's assets and liabilities.

12. April 18, 1904 The Chickasha Daily Express Chickasha, OK
Article from The Chickasha Daily Express, April 18, 1904

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Article Text

ANOTHER BANK CLOSES Citizens Bank of Ponca City Shut Up Place of Business PONCA CITY: The Citizens Bank closed its doors and the directors posted this notice: "On account of sudden withdrawals of deposits and a failure to make collections, we deem it best to close the bank, so as to give all a fair chance. It is thought that the bank will be. able to pay 33 cents. on the dollar, but this is not authentic." J. B. Givens is president and George T. McCandless, cashier. Territorial Bank Commissioner Paul Cooper is in charge and H. R. Broadban has been appointed receiver. No statement has been made of the bank's assets and liabilities.

13. June 24, 1904 The Guthrie Daily Leader Guthrie, OK
Article from The Guthrie Daily Leader, June 24, 1904

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Article Text

PAID IN FULL. Payment of 20 Per Cent Promised Before Due. | Ponca City, Okla., June 74.-Receiver Brodball gives notice that he will make a payment of 20 per cent to the creditors of the Citizens' bank on the 25th of this month. Most of the obligations to the bank don't fall due until after harvest and Receiver Brodball has done remarkably well to make this payment at this time. and the indications are that the creditors of the bank will be paid in full in less time than was expected.