First National Bank (McAlester, OK)

Episode Information

Episode UID
505201526
Episode Type
Run Only
Bank Type
national
Bank ID
50520 national
Charter Number
5052
Start Date
February 5, 1927
Location
McAlester, Oklahoma (34.933, -95.770)

Metadata

Model
gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
db3421b976ad7291

Response Measures

Accommodated withdrawals, Fed/other loan, Public signal of financial health

Events (2)

1. December 9, 1896 Chartered
Source
historical_nic
2. February 5, 1927 Run
Cause
Local Banks
Cause Details
Heavy withdrawals triggered by the closing/failure of McAlester Trust Company, Bank of North McAlester, and other nearby banks.
Measures
Opened under guard with three marines armed with machine guns to protect the bank and its funds.
Newspaper Excerpt
With three marines armed with machine guns standing guard, the First National Bank of McAlester opened for business ... optimistic over ability of the institution to withstand heavy run caused by the closing of the $2,000,000 McAlester Trust company, the Bank of North McAlester and other small banks in this vicinity yesterday.
Source
newspapers

Newspaper Articles (17)

Article from The Kansas City Post, February 5, 1927

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Article Text

LONE M'ALESTER BANK IS OPENED First National Expects Run, Other Failures. OK., Feb. marines armed guns standing First National bank opened for only bankBank officials the ability of the institution withstand heavy caused the closing Trust company, Bank North other small banks vicinity yesterday.


Article from The San Diego Sun, February 5, 1927

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Article Text

MARINES GUARD BANK FROM Okla., With three marines armed with guns standing guard, the First National bank of opened for business the only active banking institution in McAlester. Bank officials and citizens were generally optimistic over ability of the institution withstand heavy run caused by the closing of the ter Trust Co., the Bank of North McAlester and other small banks in this vicinity yesterday.


Article from The Oregon Daily Journal, February 5, 1927

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Article Text

Marines on Guard As McAlister Bank Opens for Business Okla., Feb. With three marines armed chine guns standing guard, the First National bank for business only active bankofficials citizens were erally optimistic ability of the to withstand heavy run caused closing the Trust company, the Bank of North McAlister other small banks in this vicinity yesterday.


Article from Tulare Advance-Register, February 5, 1927

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Article Text

three machine guns standing the First National Bank Alester opened for business only active institution in McAlester. Bank officials and citizens generally optimistic ability the institution to stand heavy run caused closing of the Alester Trust Company the Bank of North McAlester other small in yesterday


Article from Visalia Daily Times, February 5, 1927

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Article Text

OKLAHOMA BANK READY TODAY TO WITHSTAND HEAVY RUN Okla. Feb. With three marines armed with machine guns standing guard. the First National Bank of McAlester opened for business only active banking institution in McAlester. Bank officials and citizens were generally optimistic over ability of the institution to withstand heavy run caused by the closing of the 000 McAlester Trust Company. the Bank of North and other small banks in this vicinity yesterday.


Article from Monrovia Daily News, February 5, 1927

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Article Text

Marines on Guard Remaining Bank Opens three marines armed with machine guns standing guard, the First National Bank of McAlester opened for business only active banking Institution McAlester. Bank officials and citizens were generally optimistic ability the institution to withstand heavy run caused by the closing the $2,000,000 McAlester Trust Company, the Bank of North Alester and other small banks vicinity yesterday.


Article from The Sacramento Bee, February 5, 1927

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Article Text

Marines Guard Only Bank Left In Oklahoma Town M'ALESTER Feb. (United three marines armed with machine guns standing guard the First National Bank McAlester opened for business today-the only active banking institution McAlester. Bank officials and citizens were optimistic over ability of the institution to withstand caused by the closing of the $2,000,000 McAlester Trust Company, the Bank of North McAlester and other small banks this cinity yesterday.


Article from Sapulpa Herald, February 5, 1927

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Article Text

BANK OPENED UNDER GUARD McALESTER. Okla. Feb. three marines armed with machine guns standing guard. the First Na tional Bank opened for only active bank ing institution in McAlester. Bank officials citizens were generally optimistic over ability the to withstand heavy caused by the closing McAlester Trust the Bank and other small banks this yesterday.


Article from The Tribune, February 5, 1927

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Article Text

MARINES GU ARD ONLY BANK IN McALESTER (By United Press Lensed Wire) With three marines armed with machine guns standing guard the First National Bank of Alester opened for business today-the only active institution in McAlester. Bank officials and citizens were generally optimiste over ablity of the institution to withstand heavy run caused by the closing of the 000 McAlester Trust company, the Bank of North McAlester and other small banks in this vicinity resterdar


Article from The Register, February 5, 1927

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Article Text

Marines Guard as Bank Faces Run Okla., Feb., marines, armed machine the First National Bank McAlester, opened business today, only banking institution McAlester. Bank officials citizens generally optimistic ability the institution heavy caused the closing of $2,000,000 Alester Trust company, the Bank North McAlester and other small banks in this cinity, yesterday.


Article from Baraboo News Republic, February 5, 1927

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Article Text

BANK GUARD (By United Press) McAllister, Okla.-Three marines with machine guns today stood on guard at the First National bank of McAllister, the only banking institution of the city open for business. Officers were optimistic that the bank could withstand heavy runs due to the closing of the $2,000,000 McAllister Trust bank, the Bank of McAllister, and other smaller banks yesterday.


Article from Redlands Daily Facts, February 5, 1927

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Article Text

MARINES GUARDING OKLAHOMA BANKS Okla., Feb. McALESTER, marines armed with With three standing guard, machine guns Bank of Mcthe First National opened for business Alester active banking inonly stitution McAlester. officials citizens Bank optimistic over were generally the institution to withability caused by the stand heavy run of $2,000,000 McAlesclosing the the Bank of ter Trust Company, McAlester other small North banks in this vicinity yesterday.


Article from Riverside Daily Press, February 5, 1927

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Article Text

BANK OPENS WITH GUNS TO GUARD MONEY Feb. With three marines armed with machine standing guard, the First National bank McAlester opened for business day-the only active banking institution in McAlester. Bank officials and citizens generally optimistic ability of the institution withstand caused the the company, the Bank North McAlester other banks in this vicinity yesterday.


Article from The Orange Leader, February 6, 1927

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Article Text

ONE BANK OPEN FOR McALESTER Okla., Feb. With three marines armed with machine guard. the First National bank of McAlester opened for business today. the only active banking institution in McAlenter. Bank officials and citizens were generally optimistic over ability the bank to withstand heavy run caused by the closing of the 000 McAlester will


Article from Chicago Tribune, February 6, 1927

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Article Text

Marines Guard Only Bank Active in McAlester, Okla. With three marines armed with machine guns standing guard, the First National bank of McAlester opened for business today only active banking institution in Banking officials were generally optimistic over the ability of the institution to withstand a heavy run caused by the closing of the $2,000,000 McAlester Trust company, the Bank of North McAlester, and other small banks yesterday.


Article from The McCurtain Democrat, February 10, 1927

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Three Marines Guarding Bank At McAlester McAlester, Okla., Feb. 5.-With three marines armed with machine guns standing guard, the First Na. tional bank opened for business to-s day, surviving the heavy run caused by the closing of other banks yesterday. A drug store cowboy's motto: "Twenty years a cowboy and never missed calf."


Article from The M'Alester News-Capital, February 6, 1928

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Article Text

BULLETIN million dollars in cash will be sent the First National Bank by the Federal Bank branch Jacksonville by airplane train all depositors wish withdraw their funds, officials the local institution announced this afternoon following derly run bank growing the closing of three other local financial instituions this morning.