New State Bank (Woodward, OK)

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Third Failure in Woodward. (By the Associated Press.)

Enid, Okla., Oct. 15.—Woodward, Okla., New State bank closed its doors Saturday and the institution is in the hands of a state examiner, according to a report from the flood swept town. Reasons for the bank's suspension of business have not been determined but the meager account received here said the recent withdrawals of deposits was the primary cause. The institution will be reorganized the bank examiner is reported to have said. Paul M. Lobaugh is president of the institution. It is capitalized at $25,000. The New State is the third banking institution in Woodward to fail within three years.

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FLOOD CAUSES BANK FAILURE

By Associated Press.

ENID, Oct. 15.—The Woodward New State bank closed its doors at noon Saturday and the institution is in the hands of a state bank examiner, according to a report received here from the flood swept Oklahoma town.

Reason for the bank's suspension of business has not been determined but the meager account received in Enid said that recent withdrawal of large deposits was the primary cause. Because of the town's isolation by the flooded North Canadian river, the bank was unable to obtain outside funds to replenish its supply of cash, it was said.

Paul M. Lobaugh is president of the bank which is capitalized at $25,000. The New State bank is the third banking institution in Woodward to fail in the last three years.

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WOODWARD BANK CLOSES DOORS

Third Financial Institute to Fail in Past Three Years

Enid, Okla., Oct. 15.— Woodward New State Bank closed its doors at noon Saturday and the institution is in the hands of a state bank examiner, according to report received here from the flood-swept Oklahoma town.

Reason for the bank's suspension of business has not been determined but the meager account received in Enid said that the recent withdrawal of large deposits was the primal cause. The town's isolation by the flooded North Canadian, resulted in the bank being unable to obtain outside funds to replenish its funds.

Paul M. Labaugh is president of the bank, which is capitalized at $25,000. The New State is the third banking institution in Woodward to fail in the past three years.

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CLOSE NEW STATE BANK AT WOODWARD, OKLAHOMA

ENID, Okla., Oct. 15. (AP)—Woodward, Okla., New State Bank closed its doors Saturday and the institution is in the hands of a state bank examiner, according to a report from the flood-swept town. Reasons for the bank's suspension of business have not been determined, but the meagre account received here said the recent withdrawals of deposits was the primary cause. The institution will be reorganized, the bank examiner is reported to have said.

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Doors Closed of Woodward Bank; Is In Examiner Hand

ENID—The Woodward New State Bank closed its doors at noon Sunday and the institution is in the hands of the state bank examiner, according to a report received here from the flood swept Oklahoma town.

Reason for the bank's suspension of business has not been determined, but the meager account received in Enid today that the recent withdrawal of large deposits was the primary cause. Because of the town's isolation by the flooded North Canadian river the bank was unable to obtain outside funds to replenish its supply of cash.

Paul M. Lobaug is president of the bank, which is capitalized at $25,000. The New State Bank is the third banking institution to fail in the last three years.

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THE NEW STATE BANK REPORTED CLOSED DOORS

Woodward Institution Said to Be in Hands of State Examiner; Withdrawal of Big Deposits Cause.

ENID, OKLA.—Woodward New State bank closed its doors at noon Saturday and the institution is in the hands of a state bank examiner, according to a report received from the flood-swept town.

Reason's for the bank's suspension of busines has not been determined, but the short account received in Enid said that the recent withdrawal of large deposits was the primary cause. The cause of the town's isolation by the flooded North Canadian river the bank was unable to obtain outside funds to replenish its supply of cash, it was said.

Paul M. Lobaugh is president of the bank. It is capitalized at $25,000.

The New State bank is the third banking institution in Woodward to fail in the past three years.

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BANK IN FLOOD-SWEPT TOWN CLOSES DOORS

Enid, Okla., Oct. 15.— Woodward New State bank closed its doors at noon Saturday and the institution is in the hands of a state bank examiner, according to a report received here from the flood swept Oklahoma town.

Reason for the bank's suspension of business has not been determined but the meager account received in Enid said that the recent withdrawal of large deposits was the primary cause. Because of the town's isolation by the flooded North Canadian river the bank was unable to obtain outside funds to replenish its supply of cash, it was said.

Paul M. Lobaugh is president of the bank. It is capitalized at $25,000. The new state is the third banking institution in Woodward to fail in the past three years.

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State Bank at Woodward Has Closed Doors

ENID, Okla., Oct. 15. — Woodward's New State Bank closed its doors at noon Saturday and the institution is in the hands of a state bank examiner, according to a report received here from the flood swept Oklahoma town.

Reason for the bank's suspension of business has not been determined but the meagre account received in Enid said that the recent withdrawal of large deposits was the primary cause. Because of the town's isolation by the flooded North Canadian river the bank was unable to obtain outside funds to replenish its supply of cash, it was said.

Paul M. Lobaugh is president of the bank. It is capitalized at $25,000. The New State bank is the third banking institution in Woodward to fail in the past three years.

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Flood Contributes to Closing of Bank at Woodward

By The Associated Press. ENID, Ok.—The Woodward New State bank closed its doors at noon Saturday and the institution is in the hands of a state bank examiner, according to a report received here from the flood-swept Oklahoma town.

Reason for the bank's suspension of business has not been determined, but the meager account received in Enid said that the recent withdrawal of large deposits was the primary cause. Because of the town's isolation by the flooded North Canadian river, the bank was unable to obtain outside funds to replenish its supply of cash, it was said.

Paul M. Lobaugh is president of the bank. It is capitalized at $25,000.

The New State is the third banking institution in Woodward to fail in the past three years.

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Three Banks Fail in One Town Within 3 Years

ENID, Okla., Oct. 15.—The Woodward, Okla., New State bank closed its doors Saturday and the institution is in the hands of the State bank examiner, according to a report from the flood swept town.

The reasons for the bank's suspension of business have not been determined but the meagre account received here said the recent withdrawals of deposits was the primary cause. The institution will be reorganized, the bank examiner is reported to have said.

Paul M. Lobaugh is president of the institution. It is capitalized at $25,000. The New State bank is the third banking institution in Woodward to fail within three years.