First State Bank - Warner, OK

Bank Information

Episode Type: Suspension → Closure
Bank Type: state
Start Date: January 1, 1931
Location: Warner, Oklahoma (35.494, -95.306)

Metadata

Model: gpt-5-mini
Short Digest: 927aea72

Response Measures

None

Description

OCR errors corrected (e.g., 'terday' -> 'yesterday'; text indicates bank closed and a receiver G. W. West was appointed to liquidate the First State Bank of Warner). The cause appears to be loan losses to local farmers (local agricultural distress) rather than a depositor run.

Events (2)

1. January 1, 1931 Receivership

Newspaper Excerpt: G. W. WEST IS APPOINTED WARNER BANK RECEIVER ... West immediately began work books preparatory liquidation ... appointed as receiver for the defunct First State bank of Warner yesterday.
Source: newspapers

2. January 1, 1931 Suspension

Cause: Local Shock
Cause Details: Bank closed due to losses from many farmers in the Warner district failing to meet their obligations (agricultural loan defaults).
Newspaper Excerpt: appointed as receiver for the defunct First State bank of Warner ... The bank, which closed its doors morning, was with $69,000 ... the result of many farmers Warner district, failing to meet their
Source: newspapers

Newspaper Articles (1)

1. January 1, 1931 Muskogee Daily Phoenix and Times-Democrat Muskogee, OK

Article from Muskogee Daily Phoenix and Times-Democrat, January 1, 1931

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Article Text

G. W. WEST IS APPOINTED WARNER BANK RECEIVER 522 North Sixteenth street, with the Muskogee Wholesale appointed as receiver for the defunct First State bank of Warner, terday. West immediately began work books preparatory liquidation but night had no Idea of how long the work would take. The bank, which closed its doors morning, was with $69,000 talized according posits. the result of many farmers Warner district, failing to meet their