Farmers State Bank (Asher, OK)

Episode Information

Episode UID
86115171489
Episode Type
Suspension → Closure
Bank Type
state
Bank ID
8611517 routing
Routing Number
86-1151
Start Date
January 1, 1924*
Location
Asher, Oklahoma (34.990, -96.924)

Metadata

Model
gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
1caf5c0de0f2e6dc

Response Measures

None

Events (1)
1. January 1, 1924* Suspension
Cause Details
Article states the bank closed in 1924 as one of local bank failures; no specific trigger given.
Newspaper Excerpt
With the closing of the bank, the Farmers State bank Asher closed.
Source
newspapers

Newspaper Articles (2)
1. September 21, 1927 Shawnee News-Star Shawnee, OK
Article from Shawnee News-Star, September 21, 1927

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Article Text

BANKERS Former Officers of Defunct Bank of Commerce Charged Violation Banking Laws Three Wallace Caldwell and RusCaldwell, all former officials of the National Bank of Comclosed April 1924. appear for trial in federal City of been for the hearing The violation of the national banking Estill was president of the bank time its closing. bank report March showed posits $980,893 92, loans of with total ilabilities of With the closing of the bank. the bank the Farmers State bank Asher closed. the First National Tecumsch merged with the TecumNational which Rosebush president. All the banks known the Caldwell banks. being owned by members the Caldwell family The Commerce formed by old National and Caldwell bank the year before the failure.

2. February 24, 1929 Shawnee News-Star Shawnee, OK
Article from Shawnee News-Star, February 24, 1929

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Article Text

Pottawatomie County's Luck Seems to Have Changed; Conditions Better (News Capital Bureau) CITY, Feb. tawatomie county has had its share state bank failures, but none since the failure of the Home State bank Tecumseh in November, 1928, according to records of the state banking department. In 1924 there were two the Dale State bank Dale the Farmers State bank Asher. Later there failure the Security State bank at Wanette. Bank failures Oklahoma have 1927, when there goodly number. Many bank registered Shull, bank state banks not ones experience difficulties. the credit financial stringency the period had passed, became better bilized in all sections Oklahoma. Crop failures injured banks in the regions though. Though huge sums money were lost when the failed counties state, including Pottawatomie, dollars have been sult the activities the liquidatagents, Shull said. some the depositors did much money thought to distribute from the because large amounts preferred and secured claims that had taken care of, having priority settlement. county closed yet, bringing the prospect there will be for former depositors. the records indicated.