First National Bank (Muskogee, OK)

View Charter #4385 on SPMC View balance sheet

Episode Information

Episode UID
438501514
Episode Type
Run → Suspension → Closure
Bank Type
national
Bank ID
43850 national
Charter Number
4385
Start Date
February 10, 1926
Location
Muskogee, Oklahoma (35.748, -95.370)

Metadata

Model
gemini-3-flash-preview (chosen from majority vote of a three-model LLM ensemble)
Short Digest
e6615be69fad5d86

Response Measures

Accommodated withdrawals, Borrowed from banks or large institutions, Fed/other loan, Public signal of financial health

Other: Local business firms and organizations promised financial help, and other Oklahoma cities reported sending aid.

Description

Articles 1 and 2 describe a run in February 1926 that was initially met with Federal Reserve support; however, Article 3 confirms the bank eventually failed and was in receivership by November 1926.

Events (3)
1. August 1, 1890 Chartered
Source
historical_nic
2. February 10, 1926 Run
Cause
Rumor Or Misinformation
Cause Details
False and malicious rumors circulated about the bank's condition.
Random Run
Yes
Random Run Snippet
rumors declared by officials to be false and malicious; bank declared solvent
Measures
The Kansas City Federal Reserve Bank sent $500,000 in cash to meet withdrawals.
Newspaper Excerpt
Rumors, declared officials of the bank be false and malicious. were circulated early yesterday the bank and deposits began the forenoon and reached peak before the closing hour
Source
newspapers
3. November 19, 1926 Receivership
Newspaper Excerpt
resigned as receiver for the First National bank Oka. Page him in that Pet
Source
newspapers

Newspaper Articles (3)
1. February 11, 1926 Jackson Citizen Patriot Jackson, MI
Article from Jackson Citizen Patriot, February 11, 1926

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Article Text

FUNDS POUR BANK AFTER 'RUN' Federal Reserve Comes to Aid of Muskogee, Okla., National Bank. Backed by more than half lion dollars from outside resources the National Bank is today that out of started on the bank yesterday The Kansas Federal Reserve Bank to make additional and financial help from other homa cities is reported coming Rumors, declared officials of the bank be false and malicious. were circulated early yesterday the bank and deposits began the forenoon and reached peak before the closing hour The when D. Fink. the president of bank for many pleaded throng in the bank' lobby and near declared that the tion was entirely solvent and such statement signed of the First National Bank The Commercial National Bank has total deposit of than and the second largest bank in this city.

2. February 11, 1926 The Chattanooga News Chattanooga, TN
Article from The Chattanooga News, February 11, 1926

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Article Text

MUSKOGEE BANK GETS HELP TO STOP RUN by more than half-million resources, the Na. tional prepared any ency today that may of started the bank The Kansas City Federal Reserve bank has sent 000 to aid the institution, local business firm and organizations have promised help from other Oklahoma cities is reported Rumors declared by officials of the bank false terday against the bank and withdrawal deposits began in the and reached just before the closing run checked Fink, dent of the for with the throng the lobby and the Other bankers the city declared that the institution was solvent and was signed by the directors of the First National The has deposit of more than $4,000,000 and is the second largest in this city.

3. November 19, 1926 The Tulsa Tribune Tulsa, OK
Article from The Tulsa Tribune, November 19, 1926

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Article Text

New York Stock List The Yellow Truck Co. declared its regular dividend Class and preferred stocks, both payable January 1. stock record December The Coca Cola stockholders ap. proyed plan for retirement of preferred stock and other changes to clared The International Cement Co. regular quarterly dividend on common and on preferred payable December 31, record December 15 The National Lead Co. declared its regular quarterly payable December stock record December 10. The Dodge Bros. Motor Corp. last week care delivered at retail 800 more than in the preceding Sales New York City for the two weeks of November were of the total for are days on NEW YORK STOCK LIST Illinois Industrials Indiana High Ajax Rubber Allied York Northern Penn Fuel Pipe 17% Penn Am Standard Tel Tel LOCAL OIL STOCKS Beth Steel Copper Central Mot Kinney Mountain com Fuel Players Tire Pan West Produce AT heavy 20c LOCAL HAY GRAIN Mer PRODUCTS (Retail (Furnished by the Tulsa Feed Paper hay, per ton LOCAL PRODUCTS Montana Pow Chicago LOC POULTRY MARKET North the Kansas City Store) Brake per per Mot Pierce per Pressed Steel seconds per LOCAL PRODUCE MARKET (From the Kansas City Fruit Co) pound per per per Pred per squash Drug per pound per pound Steel Coffee Vanadium NEW future rates White in Woolworth but after selling Brake off for prices covering March selling to The general closed at net clines points Top Jan. Ohio March stendy Rio 16 : Hudson North Rio exchange London Central dollar buying 42 higher Rio market port receipts Central Mahy receipts Defunct Bank Receiver The Texas Gulf Sulphur Co. de. Marquette comber clared Reading At Muskogee Resigns The company is now on com ** SKOGEE today he had for the Union Par Security Western ager for Senator W. Harreld Wheeling LE has named to succeed resigned as receiver for the First National bank Oka. Page him in that Pet SUICIDE MOTIVE MYSTERY IN KANSAS DEATH here today Indian parently found from revolver Pet the of his George and was rushed Marland to hospital but died before be Panhandle Doctor of of the No be by of the family for the suicide Pet Steamer Arrives Safely Simmons which cleared Wednesday for Cornoration Farming has rived noon Is Showing Increase Smith with the Cleveland Texas asked guards to WASHINGTON Nov. search for her A tendency farm. of University Head Elected the traditional AmeriBATON ROUGE Nov. In individual ownership White Oil Campbell by mandant West Point former. and made public today STANDARD STOCKS ly of here was elected of Louisiana on of Thirty the Farmers' national council. university President cotton farming Emeritus Thomas D. Boyd. made returns and the counell found. have his four farming and his M. and still have to returns and 108 Line ly on his PA to support him. More half the com reported no net for the Spain in said to have than year. Refining quarter of million beggars.