First National Bank - Oak Grove, LA

Episode Information

Episode UID: 1165001469
Episode Type: Suspension → Closure
Bank Type: national
Bank ID: 116500 national
Charter Number: 11650
Start Date: May 13, 1922
Location: Oak Grove, Louisiana

Metadata

Model: gemini-3-flash-preview (chosen from majority vote of a three-model LLM ensemble)
Short Digest: 30ea34cf02678a6f

Response Measures

None

Receivership Details

Depositor recovery rate: 38.0%
Date receivership started: 1922-05-13
Date receivership terminated: 1929-01-06
OCC cause of failure: Economic conditions
Share of assets assessed as good: 29.2%
Share of assets assessed as doubtful: 56.3%
Share of assets assessed as worthless: 14.5%

Events (3)

1. March 19, 1920 Chartered

Source: historical_nic

2. May 13, 1922 Receivership

Source: historical_nic

3. May 13, 1922 Receivership

Newspaper Excerpt: Rufus P. Roope of Chandler, Okla., arrived in Oak Grove Monday to take charge of the First National bank as receiver.
Source: newspapers

Newspaper Articles (1)

1. May 17, 1934 The West Carroll Gazette Oak Grove, LA

Article Text

Looking Backward 12 YEARS AGO IN WEST CARROLL Rufus P. Roope of Chandler, Okla., arrived in Oak Grove Monday to take charge of the First National bank as receiver. Graduation exercises will be held in the auditorium of Pioneer high school at 8 o'clock p. m., May 23. Members of the class who are receiving special honors are Elsie Shannon, valedictorian, and Maydie Gaddis, for composing an outstanding essay on the subject, "Are Good Roads Worth Their Cost?" Eight girls and five boys will graduate from Oak Grove high school at the commencement exercises on May 31. Sarah Reneau has been elected valedictorian, and Carroll Dickinson, salutatorian. Scoutmaster H. W. Copeland, after spending several months in Arkansas, accompanied by "Skeet" McFarlin, returned to Oak Grove Wednesday morning. The town boys and high school team played a wild game of baseball last Saturday, resulting in a 21 to 3 victory for the former. Mach Shilling and Bill Davis and Leroy Mercer and Wesley Farmer were the batteries.