18223. Park National Bank (Sulphur, OK)

View Charter #9046 on SPMC

Bank Information

Episode Type
Suspension → Closure
Bank Type
national
Bank ID
9046
Charter Number
9046
Start Date
November 14, 1932
Location
Sulphur, Oklahoma (34.508, -96.968)

Metadata

Model
gpt-5-mini
Short Digest
7a48a4b6

Response Measures

None

Receivership Details

Depositor recovery rate
83.3%
Date receivership started
1932-11-14
Date receivership terminated
1903-09-16
Share of assets assessed as good
41.4%
Share of assets assessed as doubtful
52.3%
Share of assets assessed as worthless
6.4%

Description

National bank (name and article list it among national banks). Article dated Dec 8, 1932 shows a receiver in office; suspension was reported Nov 14, 1932 to the Comptroller. The bank did not reopen — receiver handled partial payments in May 1933 and later litigation in 1934.

Events (5)
1. February 27, 1908 Chartered
Source
historical_nic
2. November 14, 1932 Receivership
Source
historical_nic
3. November 14, 1932 Suspension
Cause
Government Action
Cause Details
Suspension reported to the Comptroller of the Currency (regulated/official suspension reported Nov. 14, 1932).
Newspaper Excerpt
Park National Bank of Sulphur, Okla.; resources, $213,651. ... National banks suspending Nov .14, as reported to the Comptroller of the Currency
Source
newspapers
4. December 8, 1932 Receivership
Newspaper Excerpt
Official notice was issued this week from the office of the troller of the currency at Washington... must present such to the receiver of the bank... The notice, which is dated of December ... will expire March 1933. All persons who had money on deposit ... will be required to make filing with the bank receiver.
Source
newspapers
5. May 11, 1933 Other
Newspaper Excerpt
The receiver for the defunct Park National bank here has been authorized to make 25 cent payment depositors of the bank... checks are now being written and that they will likely be ready for distribution to depositors within the next ten days or two weeks.
Source
newspapers

Newspaper Articles (5)
1. December 8, 1932 Sulphur Times-Democrat Sulphur, OK
Article from Sulphur Times-Democrat, December 8, 1932

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Article Text

Holders of Claims Bank Mus. Against File in 3 Months Official notice was issued this week from the office of the troller of the currency at Washington. that all persons claims the Park National against Bank of Sulphur, must present such to the receiver of the bank claims within three months from date of the or they be disallownotice, may The notice, which is dated of December will be found other of this Time page newspaper. limit before which all cliams must be filed and proved, will expire March 1933. All persons who had money on posit who held any kind claim the Park National bank at against the time closed will be required make filing with the bank receiver.

2. December 9, 1932 The Producers News Plentywood, MT
Article from The Producers News, December 9, 1932

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Article Text

New Bank Suspensions Nebraska: George W. Woods, Bank Commissioner, has announced: Bank of Raymond, Raymond, closed. South Dakota: E. A. Ruden, Supt. of Banks, has announced: First State Bank, Bowdle, closed. National banks suspending Nov. 18, as re- ported to the Comptroller of the Currency and made public Nov. 18, were: National banks suspending Nov .14, as reported to the Comptroller of the Currency and made public Nov. 14 were: Shawnee National Bank, Shawnee, Okla.; resources, $2,359,264; First National Bank of Allen, Okla., resources $119,771; First National Bank of McLoud, Okla.; resources, $130,272; Park National Bank of Sulphur, Okla.; resources, $213,651. Diamond National Bank of Pittsburgh, Pa.,; resources, $15,849,950. United States National Bank and Trust Co4 of Kenosha, Wis.; resources, $1,812,553. National banks suspending Nov. 21 and 22, as reported to the Comptroller of the Currency and made public Nov. 23, were: Nov. 21: Ayers National Bank, Jacksonville, 111., resources, $8,285,998. Nov. 22: First National Bank of Faulkton, S. Dak., resources $257,141.

3. May 11, 1933 Sulphur Times-Democrat Sulphur, OK
Article from Sulphur Times-Democrat, May 11, 1933

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Article Text

Part Payments to Be Made Soon on of Bank Deposits The receiver for the defunct Park National bank here has been authorized to make 25 cent payment depositors of the bank, according information received from Washington by members of local mittee who have been seeking to bring about partial payment the bank's deposits. Senator Elmer Thomas, in telegram to H. Samples, local committee chairman, said that authorization had been given to make the parpayment. No definite announcement was made to when the payment checks will be distributed, but it was indicated that the checks are now being written and that they will likely be ready disribution to depositors within he next ten days or two weeks. is expected that more exact information relative to payment of the per cent portion deposits, will be available within the next few days.

4. October 5, 1934 Muskogee Times-Democrat Muskogee, OK
Article from Muskogee Times-Democrat, October 5, 1934

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Article Text

JUDGE WILLIAMS 'SPLITS DIFFERENCE' IN BANK-GIN CASE Federal Judge Robert L. Williams called upon a. precedent established by Solomon in Durant last week when to he split a $7000 judgement between the plaintiff and defendant in a suit tried before him, it was revealed by the court's docket today. Glen E. Leslie, receiver for the defunct Park National Bank of Sulphur, brought suit gainst Ameen and John Hassen, two brothers who operate the Hassen Gin Co., in May, complaining that the bank had several drafts in its which must be honored by the ginning company. The two Hassens retaliated that they had funds in the bank sufficient to cover their indebtedness, and sug. gested that Leslie take steps to liquidate their account and retire the ob. ligation. Tried before Judge Williams last week, the judgment, like the Solomon case child was split in two parts. The court awarded Lealie, as the bank's receiver, $4000 at percent interest, and awarded Hassen $3000 at 4. percent interest against the bank.

5. October 6, 1934 Muskogee Daily Phoenix and Times-Democrat Muskogee, OK
Article from Muskogee Daily Phoenix and Times-Democrat, October 6, 1934

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Article Text

PLAINTIFF, DEFENDANT EACH AWARDED DAMAGES that Yarger is a city. and not a state, Something new in federal court employe. history, a split judgment in which both the defendant and plaintiff in NEWSPAPER MEN 'CHOW' law suit were awarded damages against each other was recorded in WITH CARNIVAL FOLKS Judge Robert L. Williams court yesterday when he returned from Du- Members of the Phoenix and Timesrant. Democrat editorial staffs were given a The court called upon precedent glimpse of trouper's life last evening established by Solomon when it split when they were guests of Roy Jones, $7000 judgment between Glen E. Lesmanager of the United Shows of lie, receiver for the defunct Park NaAmerica, in the carnival's "mess tent' tional bank of Sulphur, and Ameen on the Oklahoma Free State Fair and John Hassen of Sulphur doing business as the Hassen Ginning Co. Twelve" members of the editorial Leslie, as the bank's receiver, filed staffs of both papers took the evening suit against the two brothers and meal with Jones and his large staff of their gin in May alleging that the side show atractions, vaudeville stars bank holds certain vouchers which and stage hands. must be honored by them. The two To give the journalists plenty of "loHassens retorted that they had funds cal color," the usual meal was served in the failed bank which could retire to the visitors from the press and to their obligations and suggested that members of the troupe who ate in the Leslie first liquidate its assets and same shift. Braised spareribs was the then talk business. main course of the meal, followed by So Judge Williams "split the difdessert. ference.' Leslie was awarded $4000 at Following the meal, Jones took his 7 percent interest and Hassen $3000 at guest party for trip around the percent. The docket was closed on United Shows of America's extensive the case yesterday. midway