First National Bank - Walters, OK

Bank Information

Episode Type: Suspension → Closure
Bank Type: national
Bank ID: 6612
Charter Number: 6612
Start Date: August 8, 1925
Location: Walters, Oklahoma (34.360, -98.308)

Metadata

Model: gpt-5-mini
Short Digest: 8e7f86f4

Response Measures

None

Receivership Details

Depositor recovery rate: 4.9%
Date receivership started: 1925-08-06
Date receivership terminated: 1928-01-31
OCC cause of failure: Economic conditions
Share of assets assessed as good: 31.9%
Share of assets assessed as doubtful: 46.6%
Share of assets assessed as worthless: 21.4%

Description

Article reports appointment of a receiver for the failed First National Bank of Walters (Comptroller appointed receiver). No run is mentioned in the provided text; bank is failed/closed and a receiver was named.

Events (3)

1. February 5, 1903 Chartered

Source: historical_nic

2. August 6, 1925 Receivership

Source: historical_nic

3. August 8, 1925 Receivership

Newspaper Excerpt: Comptroller of Currency MeIntosh has appointed Cy Howenstine of Arapahoe as receiver for the failed First National bank of Walters.
Source: newspapers

Newspaper Articles (1)

1. August 8, 1925 The Frederick Leader Frederick, OK

Article from The Frederick Leader, August 8, 1925

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Article Text

NAMES BANK RECEIVER Washington, August 8.-Follow ing recommendations of Senator Harreld, wired from Colorado Springs, Comptroller of Currency MeIntosh has appointed Cy Howenstine of Arapahoe as receiver for the failed First National bank of Walters.