18205. Citizens State Bank (Soper, OK)

Bank Information

Episode Type
Run → Suspension → Closure
Bank Type
state
Start Date
October 8, 1926
Location
Soper, Oklahoma (34.033, -95.697)

Metadata

Model
gpt-5-mini
Short Digest
cbbec108

Response Measures

Full suspension

Other: Directors voted to close the bank to protect depositors and published a statement of condition.

Description

Multiple contemporaneous newspaper reports (Oct 9–10, 1926) state a run on the Citizens' State Bank of Soper prompted the board to vote to close the bank for the benefit of depositors. The run followed the closing of the First National Bank at Boswell (same county), indicating contagion from local bank failure. No article describes a reopening; closure appears permanent in these reports.

Events (2)

1. October 8, 1926 Run
Cause
Local Banks
Cause Details
Run followed the closing of the First National Bank at Boswell in the same section of Choctaw County, triggering withdrawals at Soper.
Measures
Directors voted to close the bank to halt withdrawals and for the benefit of depositors.
Newspaper Excerpt
A run on the Soper bank yesterday caused the directors to close the bank for the benefit of depositors.
Source
newspapers
2. October 9, 1926 Suspension
Cause
Local Banks
Cause Details
Board closed the bank after a run tied to the recent closing of another local bank (First National Bank at Boswell).
Newspaper Excerpt
The Citizens State bank of Soper ... did not open for business this morning. The institution was closed by a vote of its board of directors.
Source
newspapers

Newspaper Articles (11)

Article from The Perry Journal, October 9, 1926

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Article Text

Hugo Bank Fails To Open Doors Saturday HUGO, Okla., Oct., 9-(.P)-The Citizen State bank of Soper, 10 miles west of here did not open for business this morning. The institution was closed by the vote of the board of directors. The failure of the Soper bank followed the closing of the First National bank at Boswel yesterday and a run on the Soper bank. The Citizens State bank was established more than a year ago to take the place of the Liberty State bank, which failed in May 19, 1925.


Article from The Chickasha Daily Express, October 9, 1926

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Article Text

Directors Close Bank When Run Drains Funds Hugo, Okla., Oct. Citizens' State Bank of Soper, 10 miles west here, not open for business morning. The institution was closed vote of its board directors. the Soper bank followed the heels the closing of the First National Bank Boswell, also the same section of Choctaw county, the Soper bank yesterday caused the close the bank for the ment the bank's conditions close business June last, showed individual deposits and time certificates $1,792.07. Loans discounts amounted to The statement was signed by cashier, and Crossett, Yeargan and directors. The State Bank established year take the place the Liberty State Bank which failed in May, 1925. Garden parties at Palace there three, last year, this


Article from The Vinita Daily Journal, October 9, 1926

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Article Text

SOPER STATE BANK CLOSES ITS DOORS Board of Directors Vote to Close Institution- Established More Than Year Ago to Replace Liberty [By The Associated Press] HI Okla., Oct 9.-The Citizens State bank of Soper, ten miles west of here, did not open for business this morning The institution as closed by a vote of the board of directors. The failure of the Soper bank fol. lowed the closing of the First National bank at Boswell yesterday and run on the Soper bank. The Citi zens State bank was established 2 Modern 5 room more than a year ago to take the rent near high school Phone place if the Liberty State 215. J. R. bank Agent 8-tf which failed May 19. 1925


Article from Muskogee Times-Democrat, October 9, 1926

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Article Text

RUN ON SOPER BANK LEADS TO CLOSURE PROTECTION zen's State bank of Soper, 15 miles west of here. did not open for business this The institution was closed by a vote of the board of directors Failure of the Soper bank followed on the heels of the closing of the First National bank at Boswell, also in the same section of Choctaw county, yes. terday. A run on the Soper bank yesterday caused the directors to close the bank for the benefit of depositors. A statement of the bank's condition at the close of business June 30. last, showed individual deposits of $36,863.32 and time certificates of 1,792.07. Loans and discounts amounted to $37,046.2 The statement was signed by F. R. Crain, cashier, and R. E. Crossett, W. M. Yeargan and L. E. Butler. as directors. The Citizens' State bank was 05. tablished over year ago ' take the place of the Liberty State bank, which failed in 1925.


Article from Henryetta Daily Free-Lance, October 10, 1926

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Article Text

Oct. Citizens State bank of Soper, 10 miles west of here, did not for business today. open The institution was closed by vote of its board of directors. of the Soper bank followed the ure heels of the closing of the First National bank Boswell in the same section of Choctaw county yesterday on the Soper bank yesterday caused the directors to close the bank for the benefit of depositors. The statement signed by and Crosssett, M. Yeargan and Butler rectors. The Citizens State bank established more than year ago take the place of the Liberty bank which failed in 1925.


Article from Sunday Times Democrat, October 10, 1926

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Article Text

SOPER BANK CLOSES FOLLOWING BIG RUN Oct. Citizens' State bank of Soper. 10 miles west of here. did not open for this morning. The institution was closed by vote of its board of directors. Failure the Soper bank followed on the heels of the closing of the First National bank at Boswell, also in the section of Choctaw yesterday. the Soper bank yesterday caused the directors to close the bank for the benefit of depositors. statement of the bank's condition at the of business June 30, last. showed Individual deposits of time certificates $1,792.07. Loans discounts amounted to $37,046.24.


Article from The Daily Ardmoreite, October 10, 1926

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Article Text

Soper Bank Fails to Open Its Doors HUGO, Oct. 9.-(P)-The Citizens State bank of Soper. 10 miles west of here, did not open for business today The institution was closed by a vote of its board of directors. Failure of the Soper bank followed on the heels of the closing of the First National bank at Boswell, in the section of Choc. taw county, yesterday. A run on the Soper bank yesterday caused the directors to close the bank for the benefit of the depositors. The statement was signed by F. R. Crain, cashier and R. E. Crossett, W M. Yeargan and L. E. Butler as direct ors. The Citizens State bank was established more than a year ago to take the place of the Liberty State bank which falled in May. 1925 Start night or day Business College classes this week. Phone 629.-Adv. Honor Volta COMO. Italy is nearly 100 years since the death of Volta, after whom the volt was named It has been proposed to celebrate the centenary by an international exhibition and congress here sometime between May and October As London Sees It LONDON.-A current London must cal show spills the following line cerning American divorce laws: say understand she was married three times. "Yes, indeed she was married three times, twice in America and once in earnest.


Article from Miami News-Record, October 10, 1926

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Article Text

Directors Close Bank Soper to Halt Run HUGO, Okla., Oct. Citizens' State bank of Soper, miles west here, did not this morning. institution closed vote its board directors. the Soper bank followed heels of the closing of the First National bank Boswell, also in the section Coctaw county, terday. the Soper bank yestercaused the close the bank for benefit of statement the bank's condition close business June 30, deposits time certificates of discounts


Article from The Ponca City News, October 10, 1926

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Article Text

BOARD VOTES TO CLOSE SOPER DEPOSITORY Hugo, Oct. Citizens State bank Soper, miles west here, did business this morning. institution closed by board directors. Failthe Soper bank followed closing First National bank at same section Choctaw county, yesterday. run on the Soper bank terday caused the directors the bank for the benefit depoistors. bank's the business June last, deposits time certificates Loans discounts amounted The statement signed Crossett, W. and Butler, The izens State take the place the Liberty State bank which failed in May, 1925.


Article from Pawhuska Journal-Capital, October 10, 1926

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Article Text

Soper Bank Closes Doors To Business HUGO, Okla., Oct. 9. (P)-The Citizens' State Bank of Soper, 10 miles west of here, did not open for business this morning. The institution was closed by a vote of its board of directors. Failure of the Soper bank followed on the heels of the closing of the First National Bank at Boswell, also in the same section of Choctaw county, yesterday. A run on the Soper bank yesterday caused the directors to close the bank for the benefit of depositors. A statement of the bank's condition at the close of business June 30, last, showed individual deposits of $36,836.32 and time certificates of $1.792.07. Loans and discounts amounted to $37,046.24. The statement was signed by F. R. Crain, cashier, and R. E. Crossett, William Yeargan and L. E. Butler, as directors. The Citizens' State bank was established over a year ago to take the place of the Liberty State bank which failed in May 1925.


Article from Tulsa World, October 10, 1926

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Article Text

SOPER BANK CLOSES TO SAVE DEPOSITORS Second to Shut Its Doors in Choctaw County Within Two Days HUGO. Oct. 9 (A.P.)-The Citizens' State bank of Soper, 10 miles west of here, did not open for bustness this morning. The Institution was closed by a vote of its board of directors. Failure of the Soper bank followed on the heels of the closing of the First National bank at Boswell, also in the same section of Choctaw county, yesterday. A run on the Soper bank yesterday caused the directors to close the bank for the benefit of depositors. A statement of the bank's condition at the close of business June 30, last, showed individual deposits of $36.863.82 and time certificates of $1,792.07. Loans and discounts amounted to $37,046.24. The statement was signed by F. R. Crain, cashier, and R. E. Crossett, W. M. Yeargin and L. E. Butler, as directors. The Citizens' State bank was established over a year ago to take the place of the Liberty State bank which failed in May, 1925. an opportunity to give him that eye. "He assailed me because am Catholic, an Irishman, a Knights of Columbus. I was no less the same when I accommodated him, even though he was a Baptist preacher. "If the souls of the departed really are cognisant with what transpires on earth. cannot but wonder what Thomas Jefferson must be thinking about this afternoon when he sees in what hands his beloved democracy has its keeping in Oklahoma." Russian wheat is being used extensively in Latvia, and recently a shipment of 163 carloads was recelved there.