First National Bank (McLoud, OK)

View Charter #6660 on SPMC View balance sheet

Episode Information

Episode UID
666001595
Episode Type
Suspension → Closure
Bank Type
national
Bank ID
66600 national
Charter Number
6660
Start Date
November 14, 1932
Location
McLoud, Oklahoma (35.436, -97.091)

Metadata

Model
gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
fa4fa5ff9cec1f3d

Response Measures

None

Receivership Details

Depositor recovery rate
69.6%
Date receivership started
1932-11-15
Date receivership terminated
1937-08-20
Share of assets assessed as good
21.7%
Share of assets assessed as doubtful
57.1%
Share of assets assessed as worthless
21.2%

Description

Known receivership date (1932-11-15) aligns with the reported Nov. suspensions.

Events (4)
1. March 9, 1903 Chartered
Source
historical_nic
2. November 14, 1932 Suspension
Cause
Government Action
Cause Details
Listed among national banks suspending as reported to the Comptroller of the Currency on Nov. 14.
Newspaper Excerpt
First National Bank of McLoud, Okla.; resources, $130,272;
Source
newspapers
3. November 15, 1932 Receivership
Source
historical_nic
4. November 15, 1932 Receivership
Source
newspapers

Newspaper Articles (2)
1. December 9, 1932 The Producers News Plentywood, MT
Article from The Producers News, December 9, 1932

Click image to open full size in new tab

Article Text

New Bank Suspensions Nebraska: George W. Woods, Bank Commissioner, has announced: Bank of Raymond, Raymond, closed. South Dakota: E. A. Ruden, Supt. of Banks, has announced: First State Bank, Bowdle, closed. National banks suspending Nov. 18, as re- ported to the Comptroller of the Currency and made public Nov. 18, were: National banks suspending Nov .14, as reported to the Comptroller of the Currency and made public Nov. 14 were: Shawnee National Bank, Shawnee, Okla.; resources, $2,359,264; First National Bank of Allen, Okla., resources $119,771; First National Bank of McLoud, Okla.; resources, $130,272; Park National Bank of Sulphur, Okla.; resources, $213,651. Diamond National Bank of Pittsburgh, Pa.,; resources, $15,849,950. United States National Bank and Trust Co4 of Kenosha, Wis.; resources, $1,812,553. National banks suspending Nov. 21 and 22, as reported to the Comptroller of the Currency and made public Nov. 23, were: Nov. 21: Ayers National Bank, Jacksonville, 111., resources, $8,285,998. Nov. 22: First National Bank of Faulkton, S. Dak., resources $257,141.

2. December 9, 1932 The Producers News Plentywood, MT

Article Text

New Bank Suspensions Nebraska: George W. Woods, Bank Commissioner, has announced: Bank of Raymond, Raymond, closed. South Dakota: E. A. Ruden, Supt. of Banks, has announced: First State Bank, Bowdle, closed. National banks suspending Nov. 18, as reported to the Comptroller of the Currency and made public Nov. 18, were: National banks suspending Nov. 14, as reported to the Comptroller of the Currency and made public Nov. 14 were: Shawnee National Bank, Shawnee, Okla.; resources, $2,359,264; First National Bank of Allen, Okla., resources $119,771; First National Bank of McLoud, Okla.; resources, $130,272; Park National Bank of Sulphur, Okla.; resources, $213,651. Diamond National Bank of Pittsburgh, Pa.; resources, $15,849,950. United States National Bank and Trust Co. of Kenosha, Wis.; resources, $1,812,553. National banks suspending Nov. 21 and 22, as reported to the Comptroller of the Currency and made public Nov. 23, were: Nov. 21: Ayers National Bank, Jacksonville, Ill., resources, $8,285,998. Nov. 22: First National Bank of Faulkton, S. Dak., resources $257,141.