First National Bank (Hugo, OK)

Episode Information

Episode Type
Suspension โ†’ Closure
Start Date
September 24, 1924
Location
Hugo, Oklahoma (34.011, -95.510)
Bank Type
national
Charter Number
6130

Metadata

Notes

Article 2 contains heavy OCR corruption but clearly refers to the defunct First National Bank of Hugo and a receiver's death.

Events (4)

1. February 18, 1902 Chartered
Source
historical_nic
2. September 3, 1923 Voluntary Liquidation
Source
historical_nic
3. September 24, 1924 Suspension
Cause
Bank Specific Adverse Info
Cause Details
Investigations into the failure and potential violations of banking laws leading to the bank being defunct
Newspaper Excerpt
defunct First National bank of Hugo
Source
newspapers
4. May 1, 1925* Receivership
Newspaper Excerpt
Roy Cooper, Receiver for Banks. Found Dead ... Prior to Cooper's appoint as bank here in May, 1925.
Source
newspapers

Newspaper Articles (2)

Article from Muskogee Times-Democrat, September 24, 1924

Click image to open full size in new tab

Article Text

BANK SLEUTH TO RECEIVE ORDERS ON PROBES HERE

Attorney General Calls W. J. Barnett to Washington to Discuss Procedure

W. J. Barnett, expert bank accountant of the department of justice, has been summoned to Washington for a conference with the attorney general on the Oklahoma national bank situation.

Barnett left here today saying that he expected to return in time to place a number of bank cases before the federal grand jury convening October 2.

Barnett said the conference is the result of the large number of national bank investigations going on in Oklahoma at the present time, and that the conference would decide just what cases would be placed before the grand jury.

Backs Up Lee

He reiterated a statement made yesterday by Frank Lee, United States district attorney, that every case of the failure of a national bank was being thoroughly investigated, and that in every case where it was found the banking laws had been violated vigorous prosecutions would be made.

Barnett has been engaged in an investigation of the activities of the defunct First National bank of Hugo and the First National bank of Soper.


Article from Tulsa World, February 24, 1928

Click image to open full size in new tab

Article Text

FORMER STATE OFFICER DIES

Roy Cooper, Receiver for Banks. Found Dead in Room of Hotel at Hugo

HUGO. Feb. 23 the defunct Hugo National and City National banks and the First National bank dead today in his room in a local

He apparently had been dead for Physicians said death was due to heart disease. Prior to Cooper's appointas bank here in May, 1925. he was for many tional bank and was well known banking circles. one time he was examiner for the was prominent in state republican Mr. Cooper's home was at Muskogee where his family, and two reside. He native