18183. First National Bank (Sallisaw, OK)

Bank Information

Episode Type: Suspension → Closure
Bank Type: national
Bank ID: 5596
Charter Number: 5596
Start Date: October 22, 1927
Location: Sallisaw, Oklahoma (35.460, -94.787)

Metadata

Model: gpt-5-mini
Short Digest: 4777c55c

Response Measures

None

Description

The First National Bank of Sallisaw ceased operations in late October 1927 and did not reopen. Contemporary articles attribute failures in Sallisaw banks primarily to poor crop yields, floods and boll weevil damage (local agricultural shock). A receiver (Irving Page) was later active in liquidation. There is mention of an expected run that did not materialize; no clear depositor run on First National is described prior to closure.

Events (5)

1. October 15, 1900 Chartered

Source: historical_nic

2. May 18, 1909 Voluntary Liquidation

Source: historical_nic

3. October 22, 1927 Suspension

Cause: Local Shock
Cause Details: Bank closed after prolonged bad local conditions: tiny 1927 cotton crop, floods and boll weevil damage weakening farmers and local economy leading to insolvency; closed by federal examiner/board order.
Newspaper Excerpt: the First National Bank in Sallisaw ... failed October 22.
Source: newspapers

4. October 24, 1927 Other

Newspaper Excerpt: Irving Page is now liquidating the First National Bank of Sallisaw, which failed to open its doors on October 24. Mr. Page ... has been active in liquidating many closed national banks in Northeastern Oklahoma during the last three years. (Dec 1, 1927 report).
Source: newspapers

5. May 31, 1928 Receivership

Newspaper Excerpt: Irving Page receiver for the First National Sallisaw ... Page receiver for the First National Sallisaw ... struck his motor car in Sallisaw Tuesday ... Page receiver for the First National Sallisaw and while that city business started across the Missouri Pacific road track ... is recovering ... (May 31, 1928).
Source: newspapers

Newspaper Articles (13)

1. October 27, 1927 The Tulsa Tribune Tulsa, OK

Article from The Tulsa Tribune, October 27, 1927

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LOOKING OVER OKLAHOMA Labor Omnia Vincit HENRY COUPLE MARRIED 50 YEARS Oct. 27. Married 71. observed their golden wedding anniversary The here Tuesday quietly couple were married October 1877 at have the succeeded in staying out of debt all time and will be glad to live long as the Lord Mr said Clift When they came to Henryetta years as much as brick had been laid in the town. MAKE RECORD RUN TO GET FUNDS FOR BANK SALLISAW Oct. -When the First National bank of Sallisaw and the First National bank of Muldrow were both closed Monday by federal bank examiners. officers of the American National bank of Sallisaw dispatched Walter Hampton, motor dealer, and Ira Holder to Fort Smith to secure extra cash to withstand an expected run on the bank. The two men made the trip to Fort Smith and back of 54 miles, in minutes. and in this time must be included eight minutes spent in bank at Fort Smith. That is, the men rode faster than mile and minute But the money was not needed. No one withdrew dime PIONEER REFINERY TO BE SOLD AT AUCTION GUTHRIE Oct. Want to buy refinery? The Pioneer refinery mile north of Guthrie. will be sold at suction to the highest bidder November Frank Rinehart. chairman of the board of county commistoday The county secured the plant. which represents an of when delinquent taxes were not paid. ADA INTERESTED IN TULSA WEWOKA ROAD ADA. Oct. 27-Ada is watching with Interest being made on a new railway from Tulsa to Wewoka S. Hynds. secretary of the chamber of who accompanied the Tulsa Educational Special train: Ed Gwyn. O. E. Parker and W D.1 Little. members of the board of directors. have been working with interested men in Seminole and Wewoka. Hynds has been at work for several seeking to make Ada stop on the road. Orwig Wewoka, of the new railway company is optimistic that the commerc commission will grant the request for the new road DR. CLAXTON IN MUSKOGEE TODAY MUSKOGEE Oct. 27 Dr. Philander Claxton superintendent Tulsa schools and for eleven years United States commissioner of education, will deliver three addresses in Muskogee today. He will address the Men's Bible class of the Episcopal church. the Rotary club and the patrons of West High school. In company with C. K. Reiff. superintendent of schools, he will visit various city schools here. BANK FAILURE LEADS TO HUGOAN'S BANKRUPTCY HUGO. Oct 27.-To the failure of the Hugo National bank in May, 1925. is partly ascribed the bank ruptcy W. Webb, well known Hugo citizen and property owner. who filed petition in bankruptcy in federal court Muskogee listing liabilities at $359,793 and assets Liabilities consist principally of mortgages held by various banks and to which bank official, he affixed his signature. OKEMAH JUDGE IS HONORED BY BAR Oct 27. District Judge John L. Norman has been honored by the Oklahoma bar in being named secretary of the newly formed association of Oklahoma district and superior court judges Judge John B. Ogden of Ardmore is president and Judge Tom G. Chambers of Oklahoma City, vice president. WHAT THE CHURCHES SHOULD -WILLIAMS OKMULGEE Oct. What we need the money and the work of the churches, not for propaganda to bring congress to make more laws and more offenses, but to put men into office who will enforce the laws we already have," said federal Judge Robert Williams as he held federal The judge is former of Oklahoma. Continuing he said have sold many bottle of morphine for 50 cents back in the days when was not crime to do so, and am sorry for men who go to the penitentiary for the same things no

2. December 1, 1927 The Oklahoma Banker Oklahoma City, OK

Article from The Oklahoma Banker, December 1, 1927

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The Editor's Editor's Page AVID N. FINK, of Muskogee, died very suddenly on November 9 in a hotel at Wichita Falls, Texas. The news was a shock to his many friends, who thought him to be a man in good health and of great physical endurance. He organized the First National Bank of Grove, Oklahoma, and later became the President of the Commercial National Bank, of Muskogee, and has been identified with nearly every forward social, educational, commercial and civic movement that has concerned the welfare of Muskogee for many years. He was President of the Oklahoma Bankers Association in 1921 22. He was selected as Secretary of the Eastern Oklahoma Play Grounds Association. He was a pioneer, a good road builder, and was elected President of the Jefferson Highway Association for life. He was active in the Masonic lodge, Elks, Rotary, church, as well as the town and country clubs, In the strength of his sturdy manhood, he unwillingly surrenderd an iron constitution to a failDAVID N. FINK ing heart. admonishing us of the frailty of life at its best: but he had another heart-a heart that never failed. It overcame the inroads of early poverty that deprived him of a college education: it fought a successful battle against the rugged barriers that litter the path of the pioneer : it banished envy. smothered reproach, dethroned selfishness, and cnshrined him in the hearts of his fellows: it blazed the trail of an ambition that fought its way from obscurity to prominence; a heart that will project its unrestrained friendliness and gentle spirit down through the approaching generations long after all that is mortal has been entombed. False reports started a run on his bank. Some depositors who did not know his sterling quality stood in line for their money; while wealthy friends of Muskogee and other towns, as well as the Federal Reserve Bank of Kansas City, literally poured their thousands and hundreds of thousands over the marble slab at another window in mute evidence of their friendship and esteem for the man who had given so liberally of his time and fortune for his city and his friends. This rare and unsolicited testimonial of confidence brought the tears to his eyes, and established the intrinsic value of an unselfish life devoted to the needs of others. HERE, Mr. Banker, is an editorial on cotton. The author is unknown. He also seems to be indefinite and uncertain. However, he is frank. If you have a better definition for cotton send it to me and it will be published in The Oklahoma Banker: WHAT IS COTTON? Cotton is the overcoat of a seed that is planted and grown in the Southern states to keep the producer broke and the buyer crazy. The fiber varies in color and weight and the men who can guess the nearest the length of the fiber is called A cotton man by the public, a fool by the farmer and a poor business man by his creditors. The price of cotton is fixed in New York and goes up when you have sold and down when you have bought. A buyer working for a group of mills was sent to New York to watch the cotton market and after a few days' deliberation wired his firm to this effect: "Some think it will go up, some think it will go down: I do, too. Whatever you do will be wrong. Act at once." Cotton is planted in the spring, mortgaged in the summer and left in the field in winter. There are other definitions, but none better than this. THE BANKS OF TULSA believe that all work and no play makes Jack a dull boy. So Jack is preparing to meet the bowling team of the Bartlesville banks in a series of matches this winter. This spirit of friendly rivalry manifested itself in a series of golf matches. Eleven "pill pelters" from Tulsa recently crossed drivers with the select of Bartlesville on the beautiful Bartlesville course, resulting in a victory of two points for the home team. The return game was played on Tulsa's famous course, resulting in a victory of four points for the Tulsa team. They are to play off the tie early in the spring. In the meantime, the nineteenth hole fellows will have ample time to convince anyone who will listen that 'they excell with both the drive and approach, to say nothing of their prowess as a "put sinker." IRVING PAGE is now liquidating the First National Bank of Sallisaw, which failed to open its doors on October 24. Mr. Page managed the campaign of Senator J. W. Harreld, when he made the race for re-election, and has been active in liquidating many closed national banks in Northeastern Oklahoma during the last three years. Mr. Page has announced his candidacy for the republican gubernatorial nomination in 1930, and has been legally mentioned as suitable timber for the next leader of the Five Civilized Tribes, to succeed Shade Wallen, now under suspension.

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

Article from The Democrat-American, January 3, 1928

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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

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

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AMERICAN NATIONAL FAILS, LEAVES SALLISAW A BANKLESS TOWN bank failure during the past three months when the American National Bank failed to open its doors for business Friday morning E. F. Allen, national bank examiner, who was in charge of the First National Bank in Sallisaw, when it failed latter part of October is in charge of the American National. Mr. Allen came to Sallisaw Thursday morning. A notice was posted on the door Friday morning. to the effect that the institution was closed by order of the board of directors. J. Perry Wheeler is president of the bank; C. S. Hampton, active officer in charge is vice-president and Tom J. Delaney, cashier. The board of directors are R. Kobel, C. Q. Cherry, J. Perry Wheeler, C. E. Riggs, H. C. Winter and C. S. Hampton. The American National Bank was organized in 1924. as the successor of Security State Bank, which had been organized as the successor of Sallisaw Bank and Trust Company, which closed its doors in 1923. The depositors of Sallisaw Bank and Trust Company were paid seventy-five cents on the dollar after the reorganization took effect. The American National Bank was the only operating bank in Sallisaw, the First National Bank in Sallisaw oldest bank in the county failed October 22. The institution that was closed Friday morning took over the Citizens National Bank January 1, 1927, and the depositors of that institution were paid 100 percent on the dollar. No reason was given in the statement of the closing of the bank but citizens generally understood that bad conditions over a period of the last seven years and the smallest cotton crop in history of the county during 1927 and the causes of the closing. The report in a Fort Smith newspaper that a run on the bank was made by the depositors was false, according to J. Perry Wheeler, president of the closed bank. No plans for the reopening of the bank has been announced, but according to reliable information the directors and stock holders of the institutions will make every effort to reopen the bank and save the depositors. With any kind of a crop during 1927 would have put the bank in The county ginned less than 3500 bales of while the normal crop here is around 30,000 bales. The county, city and board of ed ucation monies are secured accord ing to Mr. Wheeler The last statement of the bank was issued on October 29. 1927 The resources are shown as follows: Loans and discounts. $204.261.57; overdrafts unsecured $1. 362.30: United States government securities, $83,161.78; other bonds, stocks and securities, $58,146.51: banking house an dfixtures. $11,050; real estate beside banking house, $12,280.49; lawful reserve with federal reserve banks, $23,226.59; cash in vault and amount due from national banks, $26,794.28; checks on other banks, $675.41; miscellaneous cash items, $119.91; other assets, $2,406. Total of all Liabilities: Capital stock paid in, $30,000; certified checks outoutstanding, $6,638.98; individual deposits subject to check, $137,095.18: certificates of deposit due in less than 30 days, $6,903.38; state, county or other municipal deposits secured by pledge of assets of this bank or surety bond, $80,099.01; savings deposits $60,250.95; state county or other municipal deposits secured by pledge of assets of this bank or surety bond, $25.140. Total agreements to repurchase United States government securities sold $5,219.07; bills payable, $26,261.63; notes and bills rediscounted, $45,859.14. Total deposits, $309,588.42. Total liabilities, $423,534.84. Ben Martin, student at the Oklahoma A. and M. college at Stillwater returned Monday to resume his studies. Mr. Martin and Mrs. Martin spent the holidays in Sallisaw guest of Mr. Martin's mother, Mrs. James A. Taylor, and Mr. Taylor in Spiro guests of Mrs. Martin's relatives. Gould Moore and Cas A. Carr of Sequoyah Publishing Company, motored to Vian, where they went on a "financial" mission. They returned home reporting a splendid and successful trip in each and every way.

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

Article from The Muldrow Sun, January 6, 1928

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AMERICAN NATIONAL FAILS, LEAVES SALLISAW A BANKLESS TOWN (From Sallisaw American) Sallisaw experienced her second bank failure during the past three months when the American National Bank failed to open its doors for business Friday morning. E. national bank examiner, who charge of the First National Sallisaw, when failed latter October is in charge of the American National. Mr. Allen came Sallisaw Thursday morning. A notice was posted on the door Friday morning, to the effect that the institution was closed by order of the board of directors. J. Perry Wheeler is president of the bank; C. Hampton, active officer in charge is vice-president and Tom J. Delaney, cashier. The board of directors are R. Kobel, C. Cherry, J. Perry Wheeler, C. E. Riggs, H. C. Winter and C. S. Hampton. The American National Bank was organized in 1924, as the successor of Security State Bank, which had been organized as the successor of Sallisaw Bank and Trust Company, which closed its doors in 1923. The depositors of Sallisaw Bank and Trust Company were paid cents on the dollar after the reorganization took effect. The American National Bank was the only operating bank in Sallisaw, the First National Bank in Sallisaw oldest bank in the county failed October 22. The institution that was closed Friday morning took over the Citizens National Bank January 1927, and the depositors of that institution were paid 100 percent on the dollar. No reason was given in the statement of the closing of the bank but citizens generally understood that bad conditions over period of the last seven years and the smallest cotton in history of the county during 1927 and the causes of the closing. The report in Fort Smith newspaper that run on the bank was false, according to Perry Wheeler, president of the closed bank. No plans for the reopening of the bank has been announced, but according to reliable information the directors and holders of the institutions will make every effort to reopen the bank and save the depositors. With any kind of crop during 1927 would have put the bank in sound financial condition, it is said. The county ginned less than 3500 bales of cotton, while the normal crop here is around 30,000 bales. The county, city and board of education monies are secured according to Mr. Wheeler. The last statement of the bank was issued on October 29, 1927. The resources are shown as follows: Loans and discounts, $204,- 261.57; overdrafts unsecured, $1,362.30; United States government securities, $83,151.78; other bonds, stocks and securities, $58,146.51; banking house an dfixtures, $11,050; real estate beside banking house, $12,280.49; lawful reserve with federal reserve banks, $28,226.59; cash in vault and amount due from national banks, $26,794.28; checks on other banks, $675.41; miscellaneous cash items, $119.91; other assets, $2,406. Total of all $423,534.84. reseryes, Liabilities: Capital stock paid' in, $30,000; certified checks outstanding, cashier checks outstanding, $6,638.98; individual deposits subject to check, $137,certificates of deposit due in less than 30 days, $6,903.38; state, county or other municipal deposits secured by pledge of assets of this bank or surety bond, $80,099.01; savings deposits $60,250.95; state county or other municipal deposits secured by pledge of assets of this bank or surety bond, $25.140. Total agreements to repurchase United States government securities sold $5,219.07; bills payable, $26,261.63; notes and bills rediscounted, $45,859.14. Total deposits, $309,588.42. Total liabilities, $423,534.84.

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

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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

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

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AMERICAN NATIONAL FAILS, LEAVES SALLISAW BANKLESS TOWN (From Sallisaw American) Sallisaw experienced her second bank failure during the past three months when the American National Bank failed to its doors for open business Friday morning. E. Allen, national bank examiner, who charge of the First National Sallisaw, when failed latter October is in charge of the American National. Mr. Allen came Sallisaw Thursday morning. A notice was posted on the door Friday morning, to the effect that the institution was closed by order of the board of directors. J. Perry Wheeler is president of the bank; C. Hampton, active officer in charge is vice-president and Tom J. Delaney, cashier. The board of directors are R. Kobel, Cherry, J. Perry Wheeler, E. Riggs, H. C. Winter and S. Hampton. The American National Bank was organized in 1924, as the successor of Security State Bank, which had been organized as the successor of Sallisaw Bank and Trust Company, which closed its doors in 1923. The depositors of Sallisaw Bank and Trust Company were paid sevcents on the dollar after the reorganization took effect. The American National Bank was the only operating bank in Sallisaw, the First National Bank in Sallisaw oldest bank in the county failed October 22. The institution that was closed Friday morning took over the CitiNational Bank January 1927, and the depositors of that institution were paid 100 on the percent No reason was given in the stateof the closing of the bank but citizens generally understood that bad conditions over period of the last seven years and the smallest cotton crop in history of the county during 1927 and the causes of the closing. The report in Fort Smith newspaper that run on the bank was made by the depositors was false, according to J. Perry Wheeler, president of the closed bank. No plans for the reopening of the bank has been announced, but according to reliable information the directors and stock holders of the institutions will make every effort to reopen the bank and save the depositors. With any kind of crop during 1927 would have put the bank in sound financial condition, it is said. The county ginned less than 3500 bales of cotton, while the normal crop here is around 30,000 bales. The county, city and board of education monies are secured according to Mr. Wheeler. The last statement of the bank was issued on October 29, 1927. The resources are shown as follows: Loans and discounts, $204,- 261.57; overdrafts unsecured, $1,362.30; United States government securities, $83,151.78; other bonds, stocks and securities, $58,146.51; banking house an dfixtures, $11,050; real estate beside banking house, $12,280.49; lawful reserve with federal reserve banks, $23,226.59; cash in vault and amount due from national banks, $26,794.28; checks on other banks, $675.41; miscellaneous cash items, $119.91; other assets, $2,406. Total of all reserves, $423,534.84. Liabilities: Capital stock paid in, $30,000; certified checks outstanding, $67.50; cashier checks outstanding, $6,638.98; individual deposits subject to check, $137,certificates of deposit due in less than 30 days, $6,903.38; state, county or other municipal deposits secured by pledge of assets of this bank or surety bond, $80,099.01; savings deposits $60,250.95; state county or other municipal deposits secured by pledge of assets of this bank or surety bond, $25.140. Total agreements to repurchase United States government securities sold $5,219.07; bills payable, $26,261.63; notes and bills rediscounted, $45,859.14. Total deposits, $309,588.42. Total liabilities, $423,534.84.

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

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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

9. January 6, 1928 The Democrat-American Sallisaw, OK

Article from The Democrat-American, January 6, 1928

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CITY BANK FAILS TO OPEN FOR BUSINESS FRIDAY Sallisaw is a bankless town. The town went bankless when the American National Bank failed to open its doors for business Friday morning. This was the second bank failure Sallisaw has experienced during the past three months and the third to occur in the county during the year. In 1926 Sallisaw had three banks all with a national charter and under the supervision of the Federal Reserve. The Citizens National Bank suspended operation December 31, 1926, when they were taken over by the American National Bank; The First National Bank in Sallisaw and The First National Bank of Muldrow failed October 24, 1927 and sixty days later the American National Bank closed. The failure of the three banks during 1927 was due primarily to poor crop conditions. The county ginned only 3000 bales of cotton, as compared to its normal crop of 30,000. The banks, farmers and merchants were doubly hit during the year when the Arkansas river, the Illinois river and all creeks went out of their banks and covered thousands of acres of rich farming land in the worst flood in the past 100 years. This was followed by the ravishing of the boll weevil on the cotton crop. The failure of the American National came as a distinct surprise to everyone in Sallisaw and surrounding territory, as this bank was owned and operated by home people and it was thought the institution was free from any bad paper, as the institution was organized in 1923. The American National was given a charter in 1924, prior to that time it operated for several months under the name of Security State Bank and as the successor of Sallisaw Bank and Trust company, which failed during 1923. The personnel of the failed bank are: J. Perry Wheeler, president; Charley S. Hampton, vice president; Thomas J. Delaney, cashier. The board of directors are: R. Kobel, lumber dealer; H. C. Winter, merchant and property owner; C. Q. Cherry, merchant and property owner; J. Perry Wheeler, ginner; C. E. Riggs, retired business man; Dr. T F. Harmon, dentist, Charley S. Hampton, Mrs. J. C. Woll, milliner, and I. H. Nakdimen of Fort Smith capitalist. The bank was in charge of Charley S. Hampton, who was president of the First National Bank at Stilwell, before coming to Sallisaw to take charge of the Security State Bank. Hampton was assistant cashier of the Merchants National Bank here many vears ago.

10. June 1, 1928 Shawnee News-Star Shawnee, OK

Article from Shawnee News-Star, June 1, 1928

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BANK RECEIVER WILL OKLAHOMA CITY, May 31 Irving candidate for the publican nomination governor and receiver for number of defunct banks eastern is recovering in Edward's Fort Smith. from injuries suffered struck his motor car Sallisaw Tuesday Page receiver for the First National Sallisaw and while that city business started across the Missouri Pacific road track. boxcar the crossing said obscured drove front of freight train. The was feet and landed its had the His according wounds. will the hospital week. "SMOKES" INCREASE REVENUE TOPEKA. May lections under the Kansas cigarette totaled during the initial year the Carl state announced the close year's eration under the statute which galized sale in the state the after an

11. March 6, 1929 Morning Examiner Bartlesville, OK

Article from Morning Examiner, March 6, 1929

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CROOKED Oil Operator Tells of Bids on Lease Being Illegally Opened. OKLAHOMA CITY, March 5. A. Owens, Oklahoma City oil and gas lease operator, Tuesday told the house of representatives sub committee investigating the state school land department, he had heard rumors that that and gas and interests desiring the opened land offered attracThe witness said know that were but that had been talked huge profits W Lewis, attorney gen lease he eral, from the land department then transferred the day to the Gas unfolded in the pany, by The related that had expected be Oklahoma City matter an transacting actual had business him and had bid on the Owens the denied he told Owens that profit from $18,00 $20,000 transferring it," Lewis "and Sinclair at $50 acre sold it because was blocking He denied that he had an agreement Wilson any When 0. Weems, state and fish warden, formerly game Sallisaw newspaper man, took the witness deny vehemently he had told appraiser for the land that if school Warren would loan the of W D. Mayo, Weems would see that kept the Weems have asked obtaining but taken interest had talked sonal Warren after the with farm and LEGAL NOTICES (Pub) CALLING BIDS NOTICE March the EIGHTH Concrete and form contract Engineer forms Engineer of the City the LARS will THOUSAND conditioned per labor and amount price bids considered by Board o'clock Manager Hall The lowest and best this 4th day (SEAL) SANDERSON City set a value upon it. The warden also testified that in 1926 he had taken out a loan from the state farm he had purchased near Sallisaw. He had to borrow some additional money from the First National bank at Sallisaw, he said, and gave as security an unrecorded warranty deed. When the institution failed, the receiver found the deed and recorded it. The school land commission, according to Weems, has started foreclosure proceedings but he has asked the commissioners to defer action until he determined whether he can purchase the farm again from the bank receiver.

12. September 20, 1929 The Democrat-American Sallisaw, OK

Article from The Democrat-American, September 20, 1929

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NOTICE OF SHERIFF'S SALE NOTICE IS HEREBY GIVEN, that of order of sale pursuance an District Court of of the out on the County. Oklahoma, of August, 1929, an day Iowa Mutual wherein Company, Moore, Ina Henry plaintiff, Moore, Max National Bank; AmAmerican National Farm and Security State BenSavings Savings Bank, nington National Bank Page: First and Page, Sallisaw, National Bank Receiver of First were Sallisaw, Sherdirected Sequoyah County, iff without to levy upon described following praisement, property, to-wit: of southwest Northwest quarter quarter and quarter quarter southwest northeast of section twenty quarter northeast quarter of southquarter, less railway right of way strip land yards the side thereand lot 70 yards square the the said northeast part quarter and the of northwest quarter southeast quarnortheast quarter of ter quarter southeast quarter in township twelve being

13. October 25, 1929 The Democrat-American Sallisaw, OK

Article from The Democrat-American, October 25, 1929

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SHERIFF'S SALE NOTICE OF No. given that in purNotice is hereby Sale out Order of Court of Sequoyah the District the 15th day Oklahoma, on County, in wherein October, 1929, an Iowa Mutual McEver, plaintiff, First National Jess Gilstrap, Oklahoma and Bank Sallisaw, First National Receiver of ing were Bank Sallisaw, the underdirected Sequoyah County, Sheriff of signed and sell to levy upon commanding me the following without appraisement, estate, to-wit: described of southwest Southeast quarter of southwest quarter quarter and northeast southeast quarter northeast quarter quarter in section quarter east, Indian Meridian the to the according ing States Government United Okthereof in