First National Bank (Morris, OK)

View Charter #8876 on SPMC View balance sheet

Episode Information

Episode UID
887601452
Episode Type
Suspension → Closure
Bank Type
national
Bank ID
88760 national
Charter Number
8876
Start Date
December 14, 1920
Location
Morris, Oklahoma (35.608, -95.860)

Metadata

Model
gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
92cdb9bf265c9265

Response Measures

None

Description

Articles report a discovered shortage and that the comptroller has the bank's affairs, suggesting closure/receivership.

Events (3)
1. September 17, 1907 Chartered
Source
historical_nic
2. December 14, 1920 Suspension
Cause
Bank Specific Adverse Info
Cause Details
Discovery of a $40,000 shortage in funds; cashier R. DeLisle (B. DeLisle) implicated and has assigned property to the bank
Newspaper Excerpt
First National Bank of Morris, Oklahoma, Fails to Open Doors. ... A shortage of $40,000 has been found in the funds of the First National bank of Morris, Okla., which failed to open today
Source
newspapers
3. May 4, 1921 Voluntary Liquidation
Source
historical_nic

Newspaper Articles (2)
1. December 14, 1920 The Topeka State Journal Topeka, KS
Article from The Topeka State Journal, December 14, 1920

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Article Text

CASHIER WAS SHORT $40,000. First National Bank of Morris, Oklahoma, Fails to Open Doors. Muskogee, Dec. 14.-A shortage of $40,000 has been found in the funds of the First National bank of Morris, Okla., which failed to open today, according to L. S. Bagley, of this city, vice president of the institution. He asserted R. Delisle, cashier, who has been operating the bank for the last three years, has assigned to the bank property valued at $75,000. The bank's capitalization is placed at $30,000.

2. December 15, 1920 Albuquerque Morning Journal Albuquerque, NM
Article from Albuquerque Morning Journal, December 15, 1920

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Article Text

CLASSIFIED DOORS OF OKLAHOMA BANK FAIL TO OPEN (By The Associated Press) Muskogee Okla. Dec. 14.-The First National bank of Morris, Ded to open this morning. A notice on the door said the aftairs of the bank are in the hands of the comptroller of the currency. The bank's capitalization is placed at $30,000. A shortage of $40,000 has been found in the funds of the bank, according to L.A. Baglet of this city, vice president of the institution. He asserted B. DeLisle, cashier and manager, has assigned to the bank property valued at $75,7 000.