First National Bank (Broken Arrow, OK)

Episode Information

Episode UID
711501525
Episode Type
Suspension โ†’ Closure
Bank Type
national
Bank ID
71150 national
Charter Number
7115
Start Date
January 5, 1927
Location
Broken Arrow, Oklahoma (36.053, -95.791)

Metadata

Model
gemini-3-flash-preview (chosen from majority vote of a three-model LLM ensemble)
Short Digest
39db353a568a439b

Response Measures

None

Description

The bank was in receivership by January 1927, indicating a prior suspension and permanent closure. The 1933 articles describe a later state-wide holiday that occurred after this specific bank had already failed.

Events (3)

1. January 29, 1904 Chartered
Source
historical_nic
2. January 5, 1927 Receivership
Newspaper Excerpt
E. J. Litteer of Hugo, for the First National bank of Broken Arrow, Wednesday sued Asa Ponder, stockholder of the bank, on the double liability clause
Source
newspapers
3. March 2, 1933 Suspension
Cause
Government Action
Cause Details
State-wide banking holiday declared by Governor Murray of Oklahoma.
Newspaper Excerpt
The three-day holiday called Gov. Murray in Oklahoma for same period also is mandatory.
Source
newspapers

Newspaper Articles (3)

Article from The Daily Oklahoman, January 6, 1927

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Article Text

City News Briefly Told Burns on Psychology Man Building Power of Applied Psychology." will the subject of Rev Thomas P. Byrnes, in the First Unitarian church, Broadway and Ninth streets, tonight at & o'clock. Admission free, The public invited. More Railroads Sought- Plans for the monthly meeting of the Okla. homa City Jobbers and Manufacturess association in the Oklahoma club tite evening of January 11, were completed at a meeting of the executive committee in the Chamber of Commerce Wednesdaf noon. Prob. lem of obtaining offices of more "short-line" rallroads will be the chief subject for discussion. Nichols Dinner Speaker G. A Nichols was chosen to present the plan for industrial development for the Chamber of Commerce for 1927 to the 000-plate dinner to be held in the Masonic temple the evening of January 14, at a meeting of the entertainment committee in the chamber Wednesday noon. Rebates Surveyed Every com modity of merchandise handled by dealers in Oklahoma City and the entire state has been affected by the work of the traffic department of the Chamber of Commerce during the year of 1926. according to a sur. vey being completed on rebates and reductions obtained during that Dean to Preside- Details of the reception at the inaugural ball were taken up at meeting of the civie committee of the Chamber of Commerce in the chamber Wednesdav noon. It was announced. Walter C. Dean will be master of ceremonies during the evening. according to Ed Overholser, general chairman. Draper to Speak-Stanley C. Draper, assistant manager of the Chamher of Commerce, will leave Thursday afternoon for Tulsa, where he will speak Friday before secretaries of chambers of commerce in Okla. homa in annual meeting. His subject will be "Forming an Effective Chamber of Commerce Program Bank Receiver Sues-E. J. Litteer of Hugo, for the First Na tional bank of Broken Arrow. Wednesday sued Asa Ponder, stockhold er of the bank, on the double tia bility clause applying to stockhold. ers, in federal court. Quinn Returns Today - R. B. Quinn, United States marshal, who has been III at his home in Guy mon. has recovered sufficiently to return to his office in Oklahoma CB/. office helpers said Wednesday. He is expected to arrive Thursday. Omaha Judge Due Today-Judge Thomas Woodrough of Omaha is due here Thursday to hear arguments to exceptions in report of special master in cases brought by the American Indian Refining com pany and the Progress On and Gas company against the state corpora tion commission, regarding rates set by the commission. Hardware Banquet Set-Plans for the entertainment of the convention of the Oklahoma Retail Hardware and Implement Dealers association. January 25-27 are being completed by the Oklahoma City Jobbers and than 400 of the visitors in the city will be entertained. Landers To Speak-"Cost Data of Construction Materials" will be the subject of the report of J. B. Land. ers, manager of the Okla. homa City Builders Exchange to the sixteenth annual meeting of the national group in Washington Febru ary 22.24. Landers is chairman of the secretaries' conference of the association. Mexican Orchestra To Play-The Mexican Tipica orchestra of thirty. five members. official orchestra of former President Obregon and now on its second American tour, will play two performances in the Central highschool auditorium. Monday Tickets for both matinee and evening are OR sale at the Jenkins Music company. Stabbing Case Set Preliminary hearing for W. H. Crittenden, 1400 West Avenue G charged with as sault with attempt to kill in connec. tion with the serious wounding of Paul Cook, salesman for Scrivener Stevens company. during an argument over a check recently. is set in the court of Leo B. White, justice of the peace. at 9 o'clock Friday morning. Buildings To Be Listed-Bezinning Thursday. all sub-contractors, ma terial dealers and dealers in specialty building materials will have list of the previous day's building per mits sent to them each day by the Oklahoma City Builders Exchange said Wednesday. Prospective build ings and construction work will be listed also in this service, according to Landers. Murder Hearing Set-Preliminary hearing of Charles Jackson. held in the county jail charged with the murder of Dave Myers at Wrights come up Friday morning in the station Saturday afternoon, will court of Leo B. White, justice the peace. Governor's Fan Case Set-Because of affairs of state which occupied the time of the governor, the case of W. A. Whites against Governor M. E. Trapp. asking $25 for an elec trie fan which was lost after use at during the primary campaign, has been continued until next Tuesday in the court of Leo B. White, justice of the peace. Burglary Is Charged-Charged with second degree burglary in nection with the theft of about $1, 500 from the MeClelland-Gentry Herbert Munger was arraigned in the court of WIII Laws, Justice of the peace, Wednesday, He was committed to jull in default of $1,000 bond with preliminary hearing set for Friday, January 14. Norman Man Robbed- Fuentes, Norman, was held up and robbed of $45 by two youthful unmasked bandits in an automobile near the state fair grounds shortly before midnight Wednesday night. After crowding him to the curb on Eastern one man jerked Fuentes from the car before relieving him of his money. Legislator Is III Frank Carmichael, member of the legislature from Sayre, was admitted to the University hospital with acute throat trouble. Wednesday. Carmichael will remain at the hospital for several days, It was announced. Y. W. To Banquet-Miss Edna McDanel. dean of women of the University of Oklahoma, will be the principal speaker at the banquet of the business girls' department. of the Young Women Christian association here at 6:15 e'clock. Thursday evening. The event will start the 1927 activities of the department.


Article from Las Vegas Daily Optic, March 2, 1933

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Article Text

SEVENTEEN STATES CHECK RUNS ON BANK Seven More Join Movement to Restrict Withdrawals of Deposited Moneys THREE AND FOUR DAYS TO BE TEMPORARY HOLIDAYS Situation Easing in Some States as Legislatures Planned Curb Laws Mississippi, Arizona, Nevada and in Oregon today joined the states. which there are limitations placed on the withdrawals of deposits from banks. in which limitations on withdrawals now exist. The proclamation of Gov. Ralph at San Francisco makes mandatory the closing of California banks (or three-day period ending Saturday The three-day holiday called Gov. Murray in Oklahoma for same period also is mandatory. The of Gov. Allen of Louisiana provides for the sation until the end of the week "all public business including Banks and other public enterprises." Mississippi the decree of state banking called only (Continued On Page Two)


Article from The Hobart Democrat-Chief, March 2, 1933

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Article Text

Lone Wolf Open But Just 'Changing'; Others Closed CITY. Mar. Extension of Oklahoma's bank day until Wednesday was recommended today by Bank Commiss sioner J. Barnett as the state government placed legislative and executive protection over the 453 Oklahoma banks and their depositors. The first flurry of excitement over, following Gov. W. H. Murray's three-day bank moratorium proclamation, state officials pared new stabilizing bill. Assurance of safety both banks and depositors was the keynote of the situation in Oklahoma. The unusual spectacle of such great confidennce is local banks that the institutions remained open today in the face of heavy demands occasioned by the state wide holiday was enacted at Idabel, Durant, Enid, Valliant and Alva. Bankers in these communities declared their situations so sound they saw no need of inconveniencing depositors. The redrafted bill authorizing the bank commissioner to banks under a plan of restricwithdrawals was being drawn up. The senate was prepared to suspend all other and send bill through its first stage. Preparing for immediate action, Speaker Tom Anglin called the house into session this morning without waiting for the scheduled m. meeting time. The bank holiday was declared, Murray explained, to give the islature time to enact lieve the proposed bill the bank commissioner sweeping power delay payment of deposits all banks, trust companies, savings banks and segregate deposits from old deposits, with no restriction on the new deposits. The bank virtual dictator over financial stitutions with emergency author needed rules and ity to adopt any daily reports. require SIXTEEN STATES HOLIDAYS TODAY BANK to restrict with. The movement of bank deposits spread drawals rapidly through the south and west last night and today states operated under decrees for bank holidays. CaliforMississippi, Oklahoma, nia, Arizona, Nevada and Oregon ordered brief bank holidays to give time for legislatures to draw withdrawals legislation limiting deposits. Louisiana went farther by orderholiday for all iness. The New Orleans cotton cotton market change, largest was closed. the country, Executives announcing the new holidays for forcing the other states restructions by placing tension of banks which unusual strain on an to continue business sought mally. ONE BANK IN ONLY STAYS OPEN COUNTY The First National bank at Lone Wolf was the only banking tution in Kiowa county which mained open today, and was just "making change," according made by the Demosurvey Banks here, at Mountain Cooperton, Mountain View and Snyder were all closed, was the one at Rocky. OREGON TOO Ore., Mar. Governor Meier today declared three-day legal holiday state Oregon starting continuing through