Citizens National Bank - Sallisaw, OK

Bank Information

Episode Type: Suspension → Closure
Bank Type: national
Bank ID: 10474
Charter Number: 10474
Start Date: *
Location: Sallisaw, Oklahoma (35.460, -94.787)

Metadata

Model: gpt-5-mini
Short Digest: 97e54cf5

Response Measures

None

Description

Articles are a humorous column noting that the mule 'Calamity' passed through several failed banks. They state Citizens National was 'an asset' and was 'taken over little later on by the First National', which implies Citizens National failed/was taken over (closure/receivership) rather than a depositor run. No explicit run or suspension date is given. Classification chosen as suspension_closure (suspension/closure without described run).

Events (3)

1. January 9, 1914 Chartered

Source: historical_nic

2. February 1, 1927 Voluntary Liquidation

Source: historical_nic

3. * Suspension

Cause: Bank Specific Adverse Info
Cause Details: Article implies Citizens National was insolvent or failed and was taken over by First National (bank-specific failure).
Newspaper Excerpt: he soon became an asset of the Citizens National, only to be taken over little later on by the First National
Source: newspapers

Newspaper Articles (3)

1. January 3, 1928 The Democrat-American Sallisaw, OK

Article from The Democrat-American, January 3, 1928

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Article Text

Charter for New Bank Approved His Politics May Not Be Democratic But He Has Suffered Four Defeats By "ES" Opdyke There was a little kicking man, His name was Simon Slick: He owned a mule with dreamy eye Oh: how that mule could kick However children. this is not the mule we are going to tell you about in today's short story. Our subject, is just plain "honery red mule, and his name is "Catamity," and if rumor be correct he comes by it honestly. Calamity has seen the winter shows of twelve years, and has done his part in producing Sequoyah countys cot ton output, but if Calamity could talk we imagine him saying, "I just no ways can keep outen bad luck." Calamity is not a "kicking mule" otherwise he could justly out kick some of our people who lost money in recent bank failures, for Calamity has been through four of them. Unlike other collateral with has from time to time been turned to the Federal Reserve Bank. Calamity has never been given a trip to K. C. but is being held in a mule lot in his old home town. His experience with "high finance began when the Sallisaw Bank and Trust company went to the wall, getting himself "out of hock' by reason of his good looks and pulling ability, be soon became an asset of the Citizens National, only to be taken over little later on by the First National Barely had he again attained his freedom from the Federal authorities of the latter institution, than he strayed over to the American National where Charlie Hampton became his temporary Godfather, and he was again booked, to experience the "torment of the damned." We understand that a meeting of the various stockholders of the banks to be, will join in a resolution, that from now on Calamity is too be barred from becoming connected in any way shape or form with the responsibilities of our financial institutions In as much as Calamity seems to be more or less of a Jonah to our banks we suggest that a provision be made barring his name from any future banks to be, for he is only 12 years old and unless someone ties him to a railroad track. he is good for two or three more unpleasant experiences

2. January 6, 1928 The Muldrow Sun Muldrow, OK

Article from The Muldrow Sun, January 6, 1928

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Article Text

MAY NOT BE DEMOCRAT BUT HE SUFFERED DEFEATS (From Sallisaw American) By "ES" Opdyke There was little kicking man, His name was Simon Slick; He owned mule with dreamy eye Oh! how that mule could kick However children, this is not the mule we are going to tell you about in today's short story. Our subject, just plain "honery" red mule, and his name is "Calamity," and if rumor be correct he comes by it honestly. Calamity has seen the winter snows of twelve years, and has done his part in producing Sequoyah countys cotton output, but if Calamity could talk we imagine him saying, just no ways can keep outen bad luck." Calamity is not "kicking mule" otherwise he could justly out kick some of our people who lost money in recent bank failures, for Calamity has been through four of them. Unlike other collateral which has from time to time been turned to the Federal Reserve Bank, Calamity has never been given trip to K. C. but is being held in a mule lot in his old home town. His experience with "high finance" began when the Sallisaw Bank and Trust company went to the wall, getting himself "out of hock" by reason of his good looks and pulling ability, he soon became an asset of the Citizens National, only to be taken over little later on by the First National. Barely had he again attained his freedom from the Federal authorities of the latter institution, than he strayed over to the American National where Charlie Hampton became his temporary Godfather, and he was again booked, to experience the "torment of the damned." We understand that a meeting or the various stockholders of the banks to be, will join in a resolution, that from becoming connected in any way shape or form with the responsibilities of our financial institutions. In as much as Calamity seems to be more or less of a Jonah to our banks, we suggest that a provision be made barring his name from any future banks to be, for he is only 12 and unless someone ties him railroad track, he is good for to a or three more unpleasant experiences

3. January 6, 1928 The Muldrow Sun Muldrow, OK

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Article Text

HE MAY NOT BE A DEMOCRAT BUT HE SUFFERED DEFEATS (From Sallisaw American) By "ES" Opdyke There was little kicking man, His name Simon Slick; He owned mule with dreamy eye Oh! how that mule could kick However children, this is not the mule we are going to tell you about in today's short story. Our subject, is just plain "honery" red mule, and his name is "Calamity," and if rumor be correct he comes by it honestly. Calamity has seen the winter snows of twelve years, and has done his part in producing Sequoyah countys cotton output, but if Calamity could talk we imagine him saying, just no ways can keep outen bad luck." Calamity is not "kicking mule" otherwise he could justly out kick some of our people who lost money in recent bank failures, for Calamity has been through four of them. Unlike other collateral which has from time to time been turned to the Federal Reserve Bank, Calamity has never been given a trip to K. C. but is being held in a mule lot in his old home town. His experience with "high finance" began when the Sallisaw Bank and Trust company went to the wall, getting himself "out of hock" by reason of his good looks and pulling ability, he soon became an asset of the Citizens National, only to be taken over little later on by the First National. Barely had he again attained his freedom from the Federal authorities of the latter institution, than he strayed over the American Nationwhere Charlie Hampton became his temporary Godfather, and he was again booked, to experience the "torment of the damned." We understand that a meeting or the various stockholders of the banks will in resolution, that to be, join from becoming connected in any way shape or form with the responsibilities of our financial institutions. In as much as Calamity seems to be more or less of Jonah to our banks, we suggest that provision be made barring his name from any future banks to be, for he is only 12 years old and unless someone ties him to a railroad track, he is good for two or three more unpleasant experiences