State National Bank - Shawnee, OK

Bank Information

Episode Type: Run Only
Bank Type: national
Bank ID: 6416
Charter Number: 6416
Start Date: July 20, 1928
Location: Shawnee, Oklahoma (35.327, -96.925)

Metadata

Model: gpt-5-mini
Short Digest: e0527914

Response Measures

Accommodated withdrawals, Public signal of financial health

Receivership Details

Depositor recovery rate: 88.2%
Date receivership started: 1934-04-09
Date receivership terminated: 1940-10-04
Share of assets assessed as good: 39.6%
Share of assets assessed as doubtful: 59.4%
Share of assets assessed as worthless: 1.0%

Description

Newspaper articles (both 1928-07-20) describe a limited run on the State National Bank in Shawnee driven by rumors that were declared false; depositors' confidence and assurances from officials stopped further trouble. No suspension, reopening, or receivership is mentioned.

Events (3)

1. September 11, 1902 Chartered

Source: historical_nic

2. July 20, 1928 Run

Cause: Rumor Or Misinformation
Cause Details: Withdrawals were driven by an unfounded rumor about the bank's condition; officials and large depositors publicly assured patrons the rumor was false.
Measures: Public assurances by large depositors and bank officers; officers personally reassured patrons to stem withdrawals.
Newspaper Excerpt: Large depositors got in ... assured them that the rumor was false, and the bank in good. So great their confidence in those who have charge of the bank that no business
Source: newspapers

3. April 9, 1934 Receivership

Source: historical_nic

Newspaper Articles (2)

1. July 20, 1928 Shawnee News-Star Shawnee, OK

Article from Shawnee News-Star, July 20, 1928

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Article Text

CONFIDENCE IN BANK OFFICIALS SHOWN BY PATRONS TAKE OUT FUNDS Long Acquaintance Of Men In State National With People Of Vicinity Made Possible The Progress So Noticeable At Present the removal of the State Na. bank into puarters Saturtional mark of distinction will. be attributed the officers and directo of the organization in conductthat would justify the ing business put into effect expansion program by the bank It the long acquaintance of the directors and officials with of this vicinity that has the people possible the patronage of the in manner that causes it to after year and make progress advantage of the good will of take the to No confidence in bank can shown than by few banks been all country. Some kind ing over of that the State National bank to among few of depositors panic started and bank was for the business the next large crowd of persons to Large depositors got in other who assured them that the rumor was false, and the bank in good So great their confidence in those who have charge of the bank that no business

2. July 20, 1928 Shawnee News-Star Shawnee, OK

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Article Text

Byron Well Known WILLIAM BYRON Byron, cashier State National has with the institution since Prior that time he cashier of the State tion he several Byron of bankers in from of and ness large circle of known for his Besides being Byron a member of the board of directors. and handles the exchange department. man of the withdrew his and this confidence passed on the line the on the bank was confined to only a few accounts Many banks have been wrecked with than was for the run on the State National at that time, and it was only the confidence the had in the which was public over period of that gained kept the "run" from officers of the bank are: Willard chairman of the As the oldest in Johnston enjoys the of all his associates, and his management is judgment on high. He is the guiding hand behind the State National bank. Alhe has turned much of the active management over to other ficers. W. R. son of Willard Johnston, was elected president of the bank at the of last There is no one in who would be better qualified the position than Ross, as he reared in Shawnee, when through school later graduating from the University of Oklahoma. Ross is known to all of the younger generation as a football player and prominent in all school athletics. however. the older business men have begun to realize that he knows as much about banking as he does He is of the most popular ness men of Shawnee Dr. vice president of the bank was elected to the position in who has lived in approximately 20 connected with the banks here for he widely as civic booster for Joe F. active president of the entered the of the State National bank after took the old Union State and with every since. He is of the early settlers in Oklahoma, and wide experience in business Paul P. is another