First National Bank - Wagoner, OK

Bank Information

Episode Type: Suspension → Closure
Bank Type: national
Bank ID: 5016
Charter Number: 5016
Start Date: December 1, 1925*
Location: Wagoner, Oklahoma (35.960, -95.369)

Metadata

Model: gpt-5-mini
Short Digest: c76ce43a

Response Measures

None

Description

Article (May 21, 1926) describes the Wagoner First National as defunct after suspending in December (year prior). Liquidating agent paying a 15% dividend; bonding companies' claims being litigated. No run is described in the article.

Events (3)

1. August 28, 1895 Chartered

Source: historical_nic

2. December 1, 1925* Suspension

Cause Details: Article states the bank failed/suspended in December; no specific cause (e.g., runs or correspondent failures) is given in the text.
Newspaper Excerpt: the failure of the institution Dec. bank suspended
Source: newspapers

3. May 21, 1926 Receivership

Newspaper Excerpt: Liquidating Agent of Wagoner Institution Declares 15 Per Cent Dividend ... Ford began paying per cent dividend out the bank's resources, the first declared since the failure of the institution Dec.
Source: newspapers

Newspaper Articles (1)

1. May 21, 1926 The Muskogee Press Muskogee, OK

Article from The Muskogee Press, May 21, 1926

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Article Text

DEFUNCT BANK IN INITIAL PAYMENT Liquidating Agent of Wagoner Institution Declares 15 Per Cent Dividend Ok., H. Ford several hundred depositors of the defunct First National bank today when he began paying per cent dividend out the bank's resources, the first declared since the failure of the institution Dec. bank suspended approximately deposits. carried proximately $100,000 of public funds, which were secured. Payment of dividend has been held result the suit bonding companies that have asked the courts decide the bonding companies permitted to share the payments defunct banks. Ford protecting the claims bonding companies this instance reserving 15 per cent of the bank's available funds to be plied the bonding companies' claims in the event courts uphold their contention. The bonding companies paid on the funds. The rest secured by the personally provided.