18227. First State Bank (Terlton, OK)

Bank Information

Episode Type
Suspension → Reopening
Bank Type
state
Start Date
November 27, 1929
Location
Terlton, Oklahoma (36.188, -96.490)

Metadata

Model
gpt-5-mini
Short Digest
38956789

Response Measures

None

Description

Newspaper articles (Nov 27–28, 1929) report that First State Bank of Terlton was among twelve Oklahoma state banks that failed to open their doors after the death of H. A. McCauley, who had interests in the banks. The closing is presented as an immediate administrative/ownership shock; the articles mention some banks might reopen, so I classify this as a suspension (temporary closure) with likely reopening. There is no mention of depositor runs, receivership, or permanent failure in these clippings.

Events (1)
1. November 27, 1929 Suspension
Cause Details
Immediate administrative/ownership shock after the death of H. A. McCauley (owner/interested party) led the bank to fail to open its doors on Nov. 27, 1929.
Newspaper Excerpt
The closings were an immediate of the death last night of H. A. McCauley, 55, of Sapulpa, who interested in all The banks to be closed were ... First State bank, Terlton:
Source
newspapers

Newspaper Articles (2)
1. November 27, 1929 Oakland Tribune Oakland, CA
Article from Oakland Tribune, November 27, 1929

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Article Text

12 Oklahoma Banks Closed by State OKLAHOMA CITY, Okla., Nov. 27. Graves Shull. state bank announced today that twelve state banks failed to open their doors today. The closings were an immediate of the death last night of H. A. McCauley, 55, of Sapulpa, who interested in all The banks to be closed were Sapulpa State bank the Bank of Mounds: Henrietta State bank Bank of Commerce, Welettka: First State bank, Vian: Citizens State bank Webbers Falls; State State bank: First State bank, Terlton: Avant State bank: bank: and the Bank of Kellyville.

2. November 28, 1929 Okmulgee Daily Times Okmulgee, OK
Article from Okmulgee Daily Times, November 28, 1929

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Article Text

12 BANKS CLOSE; 1920 CAUSE OF CRASH (CONTINUED FROM PAGE ONE) deposits, $62,000; capital, $25,000. First State bank, Vian; deposits, $73,000; capital, $10,000. Citizens State bank, Webbers Falls: deposits $157,000; capital, $15,000. Davenport State bank, Davenport: deposits, $151,370; capital. Oilton State bank, Oilton, deposits capital $25,000. First State bank, Terlton. $76,000; capital $10,000. State bank, Avant, capital $15,000. Keystone bank, Keystone, posits capital $10,000. Bank of Kelleyville, deposits 14,000: capital $10,000 The bank which McCauley controlled and which did not close Its doors, was the American State bank of Porum. Shull indicated there pos:lbility that the banks at Henryetta and possibly one or two others might reopen soon.