National Bank (Guthrie, OK)

View Charter #4383 on SPMC View balance sheet

Episode Information

Episode UID
438301091
Episode Type
Run Only
Bank Type
national
Bank ID
43830 national
Charter Number
4383
Start Date
November 21, 1890
Location
Guthrie, Oklahoma (35.879, -97.425)

Metadata

Model
gemini-3-flash-preview (chosen from majority vote of a three-model LLM ensemble)
Short Digest
ab92c1625f87ad64

Response Measures

Accommodated withdrawals, Public signal of financial health

Receivership Details

Date receivership started
1892-06-22
Date receivership terminated
1901-06-24
OCC cause of failure
Fraud
Share of assets assessed as good
100.0%

Description

The National Bank of Guthrie was one of the 'other banks' that faced a run following the failure of the Commercial Bank; it remained open by showing ample funds.

Events (3)
1. July 31, 1890 Chartered
Source
historical_nic
2. November 21, 1890 Run
Cause
Local Banks
Cause Details
Failure and assignment of the Commercial Bank of Guthrie, the largest in the territory.
Measures
Showing ample funds to satisfy depositors.
Newspaper Excerpt
A run was made on the other banks this morning, but on showing ample funds the depositors were satisfied and the panic stopped.
Source
newspapers
3. June 22, 1892 Receivership
Source
historical_nic

Newspaper Articles (2)
1. November 22, 1890 Daily Kennebec Journal Augusta, ME
Article from Daily Kennebec Journal, November 22, 1890

Click image to open full size in new tab

Article Text

Commercial Bank of Guthrie, Okla Has Assigned. GUTHRIE, Oklahoma, Nov. 21. - The Commercial bank in this city, the largest in the Territory, made an assignment last night and the proprietors all left the town. The failure involves all that many of the depositors have. A large crowd has stood about the building all day. Orders of attachment are tacked upon the door of the bank in great numbers. The liabilities and assets cannot be ascertained. A run was made on the other banks this morning, but on showing ample funds the depositors were satisfied and the panic stopped.

2. November 22, 1890 Omaha Daily Bee Omaha, NE
Article from Omaha Daily Bee, November 22, 1890

Click image to open full size in new tab

Article Text

Albright's Choice, terms easy. A Guthrie Bank Goes Under. GUTHRIE, Oklahoma, Nov. 21 -The Commercial bank of this city, which is the largest bank in the territory, assigned late last night for the benefit of creditors. The proprietors have all left town. The collapse was caused by the failure recently of the Newton, Kan., National bank. The liabilitiesand assets can't be ascertained. A run was made on the other banks this morning, but it was stopped when an ample showing of funds was made. The bank belongs to a syndicate, which practically controls the banks in Newton, Kan., Normal, El Reno, Stillwater and Whitewater. The Newton bank failed yesterday. Today the Guthrie bank suspended and the Whitewater concern is now in the hands of an examiner. Nothing has been heard from the El Reno, Normal or Stillwater banks. The Guthrie bank's capital was $300,000, Newton's $100 000, and the others about the same. It is believed here that the assets are equal to the liabilities.