Farmers State Guaranty Bank

Episode Information

Episode UID: 86031671493
Episode Type: Suspension → Closure
Bank Type: state
Bank ID: 8603167 routing
Routing Number: 86-0316
Start Date: May 23, 1924
Location: Thomas, Oklahoma (35.744, -98.748)

Metadata

Model: gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest: bf7df0f593f04a2d

Response Measures

None

Description

Article explicitly states the bank failed and a liquidating agent was appointed.

Events (1)

1. May 23, 1924 Receivership

Newspaper Excerpt: Plan for state operation of a flour mill held among other assets of the state banking department following the failure of the Farmer's State Guaranty bank of Thomas is announced by O. B. Mothersead, acting bank commissioner.
Source: newspapers

Newspaper Articles (1)

1. May 23, 1924 The American Guardian Oklahoma City, OK

Article from The American Guardian, May 23, 1924

Click image to open full size in new tab

Article Text

STATE TO RUN MILL TO PAY BANK'S DEPOSITORS Plan for state operation of a flour mill held among other assets of the state banking department following the failure of the Farmer's State Guaranty bank of Thomas is announced by O. B. Mothersead, acting bank commissioner. The mill is only two years old. The liquidating agent, John D. Garner has been offered but $5,000 for the property. In the meantime Custer county has prospects for a bumper wheat crop and Mothersead believes that at least $17,000 can be recovered by operating the mill this season in such a way as, at the same time prevent depreciation from allowing the machinery to stand idle. The state does not have sufficient finance to operate the larger Guthrie mill in a similar manner.