Farmers & Merchants Bank (Chouteau, OK)

Episode Information

Episode Type
Run → Suspension → Closure
Start Date
October 18, 1927
Location
Chouteau, Oklahoma (36.186, -95.343)
Bank Type
state
Routing Number
86-0567
Alt. names
Farmers & Mchts. Bank

Metadata

Episode ID
Bank ID
City ID
401091332
Model
gpt-5-mini
Short Digest

Notes

Newspaper spells town variably as Chocteau/Choteau; corrected to Chouteau.

Events (2)
1. October 18, 1927 Run
Cause Details
Unspecified growing withdrawals; article does not attribute run to rumors or specific external failures.
Newspaper Excerpt
Following a run yesterday, the Farmers and Merchants bank...today failed to open its doors.
Source
newspapers
2. October 18, 1927 Suspension
Cause
Government Action
Cause Details
State banking department took the institution into its hands and it failed to open following the run.
Newspaper Excerpt
the Farmers and Merchants bank... failed to open its doors. A sign announced the institution was in the hands of the state banking department.
Source
newspapers

Newspaper Articles (2)
1. October 19, 1927 The Enid Morning News Enid, OK
Article from The Enid Morning News, October 19, 1927

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Article Text

RUN CAUSES BANK TO CLOSE DOORS

CHOCTEAU. Okla., Oct. Following a run yesterday. the Farmers and Merchants bank, state institution here, today failed to open its doors, A sign announced the Institution was in the hands of the state banking department. The bank will pay its depositors in full, It was announced by Gordon B. Lindsey, president. It carried approximately $50,000 in deposits, he said, and was in "very good" condition. He said it was decided to close because of growing withdrawals. The bank was the only one in Chocteau.

2. October 21, 1927 The Duncan Banner Duncan, OK
Article from The Duncan Banner, October 21, 1927

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Article Text

RUN FORCES STATE BANK TO CLOSE UP

Choteau Institution Will Pay Depositors in Full and Was in Good Shape:

Choteau, Okla., Oct. 18.-Following a run yesterday, the Farmers and Merchants Bank, a state institution here, today failed to open its doors. A sign announced the institution was in the hands of the state banking department. The bank will pay its depositors in full, it was announced by Gordon B. Lindsey. president. It carried approximately $50,000 in deposits and was in "very good" condition. He said it was decided to close because of growing withdrawals.