First State Bank - Stilwell, OK

Bank Information

Episode Type: Suspension → Reopening
Bank Type: state
Start Date: May 29, 1913
Location: Stilwell, Oklahoma (35.815, -94.629)

Metadata

Model: gpt-5-mini
Short Digest: 4fa99363

Response Measures

None

Description

Article (Tulsa Daily World, 1913-05-30) reports the First State Bank of Stilwell was ordered closed by the state bank board on May 29, 1913; deposits to be protected by the state guaranty fund and an effort to reorganize the bank will be made. No run is mentioned; government action ordered the suspension and a reorganization effort suggests eventual reopening, though the article does not confirm reopening.

Events (1)

1. May 29, 1913 Suspension

Cause: Government Action
Cause Details: Ordered closed by the state bank board due to inability to realize on outstanding paper
Newspaper Excerpt: The First State Bank of Stilwell, Okla., ... was ordered closed today by the state bank board. Depositors will be fully protected by the state guaranty fund and an effort will be made to reorganize the bank. Inability to realize on outstanding paper is declared responsible for the suspension.
Source: newspapers

Newspaper Articles (1)

1. May 30, 1913 Tulsa Daily World Tulsa, OK

Article from Tulsa Daily World, May 30, 1913

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Article Text

ANOTHER STATE BANK FAILS. First State of Stwell Closed Its Doors Yesterday. FORT SMITH, Ark., May 29.-The First State Bank of Stilwell, Okla., capitalized at $10,000 and holding deposits of about $5,000. was ordered closed today by the state bank board. Depositors will be fully protected by the state guaranty fund and an effort will be made to reorganize the bank. Inability to realize on out. standing paper is declared responsible for the suspension.