gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
475f4fb295605eb3
Response Measures
None
Receivership Details
Depositor recovery rate
92.7%
Date receivership started
1933-07-27
Date receivership terminated
1937-09-24
OCC cause of failure
Losses
Share of assets assessed as good
57.9%
Share of assets assessed as doubtful
39.4%
Share of assets assessed as worthless
2.8%
Description
Articles report closure July 19 and appointment of a receiver with large shortage/embezzlement found.
Events (4)
1.May 3, 1900Chartered
Source
historical_nic
2.July 19, 1933Suspension
Cause
Bank Specific Adverse Info
Cause Details
Bank closed after discovery of large shortage; missing cashier L. R. Carlberg and alleged embezzlement (~$60,000+).
Newspaper Excerpt
The bank was closed July 19, by the president and examiners were called to investigate its conditon.
Source
newspapers
3.July 27, 1933Receivership
Source
historical_nic
4.July 27, 1933Receivership
Newspaper Excerpt
Joe P. Roetzel, of Oklahoma City, who is receiver for the First National Bank here, is no stranger to many of the old-timers in and around Kingfisher.
Source
newspapers
Newspaper Articles (14)
1.March 2, 1933Las Vegas Daily OpticEast Las Vegas, NM
Article Text
SEVENTEEN STATES CHECK RUNS ON BANK
Seven More Join Movement to Restrict Withdrawals of Deposited Moneys
THREE AND FOUR DAYS TO BE TEMPORARY HOLIDAYS
Situation Easing in Some States as Legislatures Planned Curb Laws
Mississippi, Arizona, Nevada and in Oregon today joined the states. which there are limitations placed on the withdrawals of deposits from banks. in which limitations on withdrawals now exist. The proclamation of Gov. Ralph at San Francisco makes mandatory the closing of California banks (or three-day period ending Saturday The three-day holiday called Gov. Murray in Oklahoma for same period also is mandatory. The of Gov. Allen of Louisiana provides for the sation until the end of the week "all public business including Banks and other public enterprises." Mississippi the decree of state banking called only (Continued On Page Two)
2.March 2, 1933The Hobart Democrat-ChiefHobart, OK
Article Text
Lone Wolf Open But Just 'Changing'; Others Closed
CITY. Mar. Extension of Oklahoma's bank day until Wednesday was recommended today by Bank Commiss sioner J. Barnett as the state government placed legislative and executive protection over the 453 Oklahoma banks and their depositors. The first flurry of excitement over, following Gov. W. H. Murray's three-day bank moratorium proclamation, state officials pared new stabilizing bill. Assurance of safety both banks and depositors was the keynote of the situation in Oklahoma. The unusual spectacle of such great confidennce is local banks that the institutions remained open today in the face of heavy demands occasioned by the state wide holiday was enacted at Idabel, Durant, Enid, Valliant and Alva. Bankers in these communities declared their situations so sound they saw no need of inconveniencing depositors. The redrafted bill authorizing the bank commissioner to banks under a plan of restricwithdrawals was being drawn up.
The senate was prepared to suspend all other and send bill through its first stage. Preparing for immediate action, Speaker Tom Anglin called the house into session this morning without waiting for the scheduled m. meeting time. The bank holiday was declared, Murray explained, to give the islature time to enact lieve the proposed bill the bank commissioner sweeping power delay payment of deposits all banks, trust companies, savings banks and segregate deposits from old deposits, with no restriction on the new deposits. The bank virtual dictator over financial stitutions with emergency author needed rules and ity to adopt any daily reports. require
SIXTEEN STATES HOLIDAYS TODAY BANK to restrict with. The movement of bank deposits spread drawals rapidly through the south and west last night and today states operated under decrees for bank holidays. CaliforMississippi, Oklahoma, nia, Arizona, Nevada and Oregon ordered brief bank holidays to give time for legislatures to draw withdrawals legislation limiting deposits. Louisiana went farther by orderholiday for all iness. The New Orleans cotton cotton market change, largest was closed. the country, Executives announcing the new holidays for forcing the other states restructions by placing tension of banks which unusual strain on an to continue business sought mally.
ONE BANK IN ONLY STAYS OPEN COUNTY The First National bank at Lone Wolf was the only banking tution in Kiowa county which mained open today, and was just "making change," according made by the Demosurvey Banks here, at Mountain Cooperton, Mountain View and Snyder were all closed, was the one at Rocky.
OREGON TOO
Ore., Mar. Governor Meier today declared three-day legal holiday state Oregon starting continuing through
3.July 23, 1933The Enid Morning NewsEnid, OK
Article Text
CARLBERG COLLAPSE KINGFISHER
Tells of Husband Leaving Her Wednesday Night at Capital City
Special The NEWS, KINGFISHER, Okla., July Both Mrs. L. wife the missing cashier of the closed First National bank of Kingfisher and the wife of another Kingfisher citizen who disappeared from the city about the same time as Carlberg, were reported to be back the city this afternoon. Mrs. Carlberg was near collapse. She said she and her husband and their old daughter had gone to Oklahoma City Wednesday night, the day before the bank closed. He left her about o'clock, saying he would return immediately, but nothing has been heard from him.
Whether or not definite connection can be established between the two disappearances could not ascertained last night. Carlberg's father expressed the opinion his son may have been playing the wheat market, in explaining possible shortages indicated by note said to have been left by the young cashier. The senior Carlberg is president of the bank, and it was he who quested the examination of the institution by Anderson, federal
4.July 30, 1933The Enid Morning NewsEnid, OK
Article Text
ROETZEL IN CHARGE KINGFISHER BANK
KINGFISHER, Okla., July Roetzel of Oklahoma City arrived in Kingfisher today take charge of the closed First National bank receiver. He formerly banker at Okeene about ten years Anderson and North, bank inspectors, left yesterday made no local report of their findings, They will return Monday confer with Roetzel. Wives Leland sent cashier, and Floyd Kerns, said have been associated with him in business venture they called the Kingfisher Investment company, are still in Kingfisher but have had no word from their husbands. Carlberg, bank president, would make statement today.
5.July 30, 1933Muskogee Daily Phoenix and Times-DemocratMuskogee, OK
Article Text
RECEIVER TAKES OVER THE KINGFISHER BANK of Oklahoma Joseph Roetzel today take in Kingfisher arrived First National the closed charge of He was formerly bank as banker at Okeene about ten years ago. R. Anderson and bank inspectors, left yesterday find- but on their no local report made Monday to They will return ings. confer with Wives of Leland R. Carlberg, absent cashier, and Floyd Kern, said him been associated to have they called business venture in Investment company, Kingfisher the are still in Kingfisher but have had no word from their husbands bank president, Carlberg, would make no statement today.
6.July 30, 1933The Ada Evening NewsAda, OK
Article Text
ROETZEL TAKES CHARGE OF KINGFISHER BANK
KINGFISHER. July Joseph Roetzel of Oklahoma City arrived in Kingfisher today to take charge of closed First National Bank as receiver H was formerly banker at Okeene about ten years ago. C. R. Anderson and R. B North, bank inspectors. left yesterday but made no local report of their findings. They will return Monday to confer with Roe-
Wives of Leland R. Carlberg. absent cashier. and Floyd Kerns. said to have been associated with him in business venture they called the Kingfisher Investment company are still in Kingfishe but have had no word from their husbands J. A. Carlberg, bank president. would make no statement today
7.August 10, 1933Kingfisher Free PressKingfisher, OK
Article Text
JOE P. ROETZEL, BANK RECEIVER WELL KNOWN BY OLD-TIMERS HERE
Joe P. Roetzel, of Oklahoma City, who is receiver for the First National Bank here, is no stranger to many of the old-timers in and around Kingfisher. Mr. Roetzel homesteaded between Loyal and Okeene at the opening of the C. and A. country. He later moved to Okeene where he organized the First National Bank of Okeene and lived at that place for a number of years.
8.August 10, 1933The Kingfisher TimesKingfisher, OK
Article Text
Closed First National Bank Short; To Liquidate.
North, national bank iner, finished his examination the First National bank Kingfisher Friday and turned the institution over Joe Roetzel of Oklahoma City for liquidation. shortage in the bank $66,000. The losses proximately all occurred within period of few weeks before the bank's July Prior to that time on the bank was in an excellent dition, examiner found. Roetzel unable this time to give depositors definite formation as what percentage their they will receive money result of the liquidation. He hopes that may much He will push his work rapidly possible, minimum of He expense. will assisted by Thelma Doty, assistant cashier of the bank. Persons who the bank, and have deposited there, will money receive credit their loans for the full amount of their deposits. Carlberg, missing cashier, bonded for only $5,000. holders liable for double the amount of their stock, but large of this will, no doubt, not collectable. Roetzel makes the following statement which will be of to the public:
To the and citizens of patrons Kingfisher and trade territory:
You doubt have been wonderno why could not any you first hand information regard the First National Bank Kingfisher. For the general the bank charge of the National Bank iners up to last Friday, August and the National Bank noon, examiners not permitted public information any garding banks to anyone. receiver, took the bank August at noon. There great deal of mail that had to attended Myself, and Miss who will assist in the Doty, bank, worked for two of this mail that accumulated care since the bank closed July 19th. We opened the bank Monday, August 7th, for general business, and must were much pleased by the way the this bank feel in this matter. We explained best could questions that any asked of and are ready and anxious to do all can to assist the patrons any time, and going to do our best to liquidate this bank soon possible, and with as expense as sible to the depositors. The bank bad condition. Any questions may to the bank regard in and will gladly will give statement you regard to the bank as possibly can; kindly ask to withhold blaming anyone for the delay, unavoid-
JOE Receiver.
9.August 10, 1933The Kingfisher TimesKingfisher, OK
Article Text
NOTICE
Notice hereby given persons who have claims may against First National Bank Kingfisher", Oklahoma, that the must be presented to Roetzel, Receiver, with the proof thereof within three months from this date they be disallowed. may Comptroller the Currency published Times
10.September 18, 1933The Guthrie Daily LeaderGuthrie, OK
Article Text
FABULOUS FORTUNE MADE ON MARKET IS SUDDENLY LOST
(Continued From Page One) him after that night learned his New Orleans. Cariberg and his wife were to tend a party in a Remo the night party early and was to return for his wife. She net heard from refuses to discuss the case Mrs. Cariberg who has an The habitants was greatly shocked that het July morning when word spread that the First National Bank had failed to open for business Per years hundreds of had kept their accounts there The Carlberg has been in Kingemjoyed the highest respect and confidence of the bank's customers After the institution closed its doors, but before National Bank Examiner R. North were heard to numark that they were with the - Carlberg backing the bank He gave statement the day after the closing expressing the belief the hands of Joe City, who that he would de all in This power to liquidiate the bank as soon as News Spread Quickly The two weekly there (Kingfisher doesn't have daily were just going to press If of the and in their Many people would believe that the strong First National had failed to Small groups gathered in of the and read the posted - the by the The bank numbered hundreds of ers including many farmers as the trade area agricultural Minst of the city and county funds were kept at the are expected to be tained as certain securities back Fall Picks has added aspect to the town along word from Agent that be would do all to his power speed the closed times in order to be able to anthe whole the community to discuss the berg somebow will make grod the
11.September 28, 1933Kingfisher Free PressKingfisher, OK
Article Text
MISSING BANKER UNDER ARREST
Sheriff Ed Martin and County Attorney V. D. Firestone went to Salina, Kansas, Tuesday and returned Wednesday night with L. R. Carlberg, cashier of the First National Bank of Kingfisher, who has been missing since July 19. A warrant had been issued on September 25 and he was taken into custody at Salina on the 27th. The bank was closed July 19, by the president and examiners were called to investigate its conditon. It is now in process of liquidation. The specific charge in the warrant is embezzlement in the amount of $300. However, the shortage is said to be over $60,000. Carlberg was arraigned this (Thurs. day) morning before C. 0. Oakes Justice of the Peace, entered a plea of not guilty and bond was set at $5,000. Bond had not been made at the ime of going to press.
12.October 12, 1933The Kingfisher TimesKingfisher, OK
Article Text
sewing room, providing unemployed women, openin Kingfisher this week above the First National bank. action climaxed several weeks activity the local women, who completed the necessary arrangements in spite many difficulties which were countered. The labor will be paid for through the office of Henry Miller. Use of two sewing machines and electric has donated citizens, and the city furnishelectricity. The location may be used by permission the bank receiver, until time there shall an to secure tenant. tho't that made available heat during rooms uncomfortable weather. Old garments, also donated, are being made wearable clothing. the work will used one four days, every week, the amount of work pending upon the number pendents they have. Women whose husbands also registered, and receiving widows pensions, other aid, eligible work in the sewing Twelve being employed this week, the Anna Bengs. Next week the colored of women the community will the use sewing provided there sufficient material hand keep them busy. the project to be tinued, will for the necessary people of the community keep the room supplied with clothing be made
Work projects for been approved for Hennessey and Cashion. of this nature are already progress Dover and Kingfisher, an basis.
13.December 7, 1933The Kingfisher TimesKingfisher, OK
Article Text
INDICT KERNS AND CARLBERG
Roe Roetzel, First National bank receiver, Thelma Doty, Kingfisher, and Sam Kelly of Cashwere in Oklahoma City Wednesday appearing before the federgrand witnesses in hearing accusations againstt Leland Carlberg and Floyd Kerns, growing out of the failure of the local bank in July. Charges against Carlberg and Kerns, of misplacing funds of the bank, confirmed in dictment returned by federal grand jury at City day. The pair will face federal court trial, probably at the Januterm court. They leged to have turned of the bank's money to their the market and indicted grain five counts alleging misapplication of funds and making false tries the bank's books. The counts enumerated three séparate items $5,000 each and for $8,250. Dates of the alleged fenses are from last July to when the wheat market fluctuating sharply.
14.October 18, 1934The Kingfisher TimesKingfisher, OK
Article Text
BANK DIVIDEND DEMAND
Roetzel, First National Joe receiver, reported WednesBank evening that about day the dividend checks had called for during the time that elapsed since they received from Washington. The remainder are expected short time. first dividends have brought deposithere other dividends in the future. well pleased with the which bank's being liquidated. that the national bank present time local bank have offset the it has nothing. The ultimate not nearly as great Roetzel believes. liquidator has ably asMiss Doty, whose with the bank's records much time and have been no other
Bank runs are almost always and everywhere a deterioration of bank fundamentals.
But not for you.
You are the measure-zero exception: great fundamentals, solid bank, and yet the Diamond Dybvig fairy spread its rumor. Depositors woke up. Your collateral was not prepositioned. The Clearinghouse had it for you.
Do not pass Go. Do not collect $200. Go directly to jail… or worse.