Ponca State Bank - Ponca City, OK

Bank Information

Episode Type: Suspension → Closure
Bank Type: state
Start Date: January 1, 1927*
Location: Ponca City, Oklahoma (36.707, -97.086)

Metadata

Model: gpt-5-mini
Short Digest: ad8363d4

Response Measures

None

Description

Article (Mar 13, 1929) reports the Ponca State Bank closed in 1927 and is in liquidation; a liquidating agent failed to account for large sums and the state committee has paid depositors about 20 cents on the dollar via dividend checks. No run is described; this is a suspension that led to permanent closure and liquidation. OCR errors in the article (missing words/dates) were corrected where obvious.

Events (2)

1. January 1, 1927* Suspension

Cause: Government Action
Cause Details: Bank closed and placed in liquidation under state-appointed liquidating agent; state committee paying depositors dividends.
Newspaper Excerpt: the bank closed 1927
Source: newspapers

2. * Receivership

Newspaper Excerpt: Liquidating Agent Fails to Account for Large Amount ... the state the committee far has paid depositors institution 20 cents dollar, issuing two dividend checks, each for cent.
Source: newspapers

Newspaper Articles (1)

1. March 13, 1929 Morning Examiner Bartlesville, OK

Article from Morning Examiner, March 13, 1929

Click image to open full size in new tab

Article Text

Liquidating Agent Fails to Account for Large Amount CITY, March Ponca agent State Ponca Governor Henry Johnson the bank closed 1927, failed to show which apparently had made from the witness stand house of Tuesday Sam Bounds, certified accountant. Bounds, formerly an auditor the state highway department, the inquiry check up the counts of bank and submit detailed audit, made by the period from October 1927, Murray began agent, January of many thousands dollars reported by Murray. The state the committee far has paid depositors institution 20 cents dollar, issuing two dividend checks, each for cent.