Fidelity Bank (Grove, OK)

Episode Information

Episode UID
86041671487
Episode Type
Suspension → Reopening
Bank Type
state
Bank ID
8604167 routing
Routing Number
86-0416
Start Date
November 17, 1923
Location
Grove, Oklahoma (36.594, -94.769)

Metadata

Model
gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
ed302a1dc58147bd

Response Measures

None

Description

The articles indicate Citizens Bank in Grove suspended (Nov 17, 1923) and a reorganized/new Fidelity Bank opened Feb 1924.

Events (2)

1. November 17, 1923 Suspension
Cause
Bank Specific Adverse Info
Cause Details
State examiner reviewed books; bank required reorganization and about $15,000 to resume operations.
Newspaper Excerpt
R. A. Patton of Claremore, state bank examiner, has been here since last Saturday, checking up the books and paper of the Citizens Bank, which suspended business last Saturday morning.
Source
newspapers
2. February 7, 1924 Reopening
Newspaper Excerpt
The new Fidelity bank of Grove, opened here and the officials report deposits amounting to more than ten thousand dollars.
Source
newspapers

Newspaper Articles (4)

Article from The Grove Sun, November 22, 1923

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Article Text

George Davis, mechanic at the Cleora Garage, continues to perform minor and major operations on ailing autos daily and successfully too. W. C. Thompson went to Joplin Thursday, being a candidate in the Scottish Rite degree of the Masons which met there to ride the Masonic goat. All kinds of Commerical printing and the right kind of sale bills may be had at this office. Local readers in need of same can place such orders with the correspondent of this vicinity. Everett Hardy installed a Delco lighting system at the W. C. Thompson store last week which is far ahead of the old method used. Mr. Thompson is preparing to place lights in his residence and we are informed others will soon be using the new lights. Miss Addie Hampton of Muskogee, was here Monday. She was a witness in the case of the robbery of the Gibson-Wood Mercantile Company. As the case was continued, she returned to Muskogee the same afternoon. R. A. Patton of Claremore, state bank examiner, has been here since last Saturday, checking up the books and paper of the Citizens Bank, which suspended business last Saturday morning. A strong effort is being made to reorganize and continue business and it looks now like it will succeed. Little Miss Jean Pickens, who has been here for several weeks, visiting here grand parents, Dr. and Mrs. E. A. Pickens, returned to her home at Tulsa, Friday. She was accompanied by Miss Dorothy Cox, who visited friends in Tulsa. Mrs. Grover Cox and little daughter of Pauls Valley, came Saturday for a visit with relatives in Grove. Uncle Bill Freeman, toll master at Grand river bridge, was in Grove early Wednesday morning. He is attending court at Jay, arriving in Grove, he learned from county attorney E. B. Hunt that he could wait until Thursday to go to Jay. Uncle Bill left the cash for another year's Sunshine. Mrs. Freeman was with Uncle Bill, they spending the day with friends in Grove. Mr. Bud Holt and family left Thursday Nov. 8, for Falls City, Nebraska where they will live in the future. Washburn Mustain and brother, Franklin, went to Southwest City, Mo., last Thursday returning Saturday, bringing back two loads of nice apples. The sale given by Mr. Bud Holt Tuesday Nov. 6, was well attended. The ladies of the C. L. A. of Needmore served lunch and cleared about $18.00. Christian Endeavor was extra well attended Sunday night. All parts were well commented and a talk given by Mrs. Crawford Conner was well enjoyed. Sunday School was well attended Sunday. An interesting lesson was studied. Bill Lee made a short talk about "Armistice day" which was enjoyed. Several visitors were present. A pie supper was given by the Bernice High School Friday night November 4. A short program was rendered, which was enjoyed by a large audience. The cake was awarded to Miss Edith Sweetland, for the most popular young lady. The socks to Mr. McCully. The pickles to Kelsey West and Midget Works as most love-sick. The proceeds of the supper which was $45.62 will be used for school benefits. The heavy rains of the week were not very welcomed as they placed the roads and fields in a mighty soft condition. But, even at that we're all thankful that the bright sunshine beamed forth the rest of the week. Regular spring weather, even to the music of the birds. An effort will be made soon to organize Sunday School at Old Cleora and can be a success if all the neighbors will get their shoulders to the wheel and push, not pull. There are many children right in this vicinity who have never attended a Sunday School, and its up to the people to make it possible. Let's all help, we can have a model Sunday School here for there used to be a large attendance when it was in progress some years ago.


Article from The Grove Sun, November 29, 1923

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Article Text

Trying to Reorganize The Citizens Bank We understand that a strong and determined effort is still being made to reorganize the Citizens Bank, which suspended on the 17. It is believed with the assistance of the depositors that complete reorganization can be effected, as it will require only about $15,000 to put the bank again on its feet. For the good of all concerned, and the community in general, we sincerely hope the bank will soon be able to resume business.


Article from Tulsa World, February 8, 1924

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Article Text

BEVERIDGE G. O. P. SPEAKER Will Address Republicans of Oklahoma in Lincoln Day Meeting. By the Associated Press State Wire OKLAHOMA CITY, Feb. 7.—Albert J. Beveridge of Indiana, will make the principal address at the state-wide meeting of Oklahoma republicans when they observe Lincoln day at Guthrie on the night of February 12, Senator John Golobie, of Guthrie, announced here today. Other speakers scheduled are: United States Senator John W. Harreld, Supreme Court Justice F. E. Kennamer, J. J. McGraw, national committeeman; State Senator Harry O. Glasser of Enid, John Odams of Guthrie; Bert Parmenter, of Lawton; Mrs. John Reihl, of Blackwell; Mrs. Guy Steele, of Okmulgee; Mrs. Zula Breedon, of Muskogee, and Mrs. F. W. Munson, of Alva. New Bank Is Opened With Heavy Deposits Special to The World. GROVE, Feb. 7.—The new Fidelity bank of Grove, opened here and the officials report deposits amounting to more than ten thousand dollars. There was nothing to indicate that there would be a run on the bank deposit as the depositors were only allowed to withdraw 10 per cent of their deposit in the old bank. The merchants and business men celebrated the formal opening by sales day, which was the occasion for drawing a large crowd of country people.


Article from The Shattuck Monitor, February 14, 1924

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Article Text

OKLA. WEEKLY INDUSTRIAL REVIEW Spiro—Contract awarded for construction of $31,000 high school building. Hartshorne — Approximately $28,000 being spent improving local telephone system. Barnsdall—Barnsdall Refining Company completes construction of new tower, increasing crude run 500 barrels daily. Bank to complete 7-story brick and office building July 1. Grove—Fidelity Bank receives charter and formally opens its doors to public. McAlester—County commissioners awarded contract for construction of six miles of shale surfaced highway. Cotton spindles in place in the United States on December 30, 1923, totaled 37,635,709; aggregate number of active spindle hours reported for November was 8,014,570,167 and in December 7,139,371,847. Tulsa—New police station to be erected at Fourth and Elgin avenue, contract price $86,698. Carmon—Dixie Coal Company organized to operate a strip pit coal mine in district. Henryetta—Eagle-Picher Lead Company shipping second trainload of 20 cars to European port since January 1. Ardmore—Ardmore fire department erecting 55-foot tower to be used for drying hose. Cotton ginned in United States this season prior to January 16 amounted to 9,946,462 running bales, as compared with 9,648,261 at same time last year. Tulsa—Prest-O-Lite Company erecting plant for manufacture of hydro-oxygen gas. Erick—Contract to be awarded at early date for construction of $20,000 city hall. Pittsburg— Bond issue of $26,000 to be voted for installation of sanitary sewer system. Statistics show that 26,000,000 Americans, nearly one-fourth of the nation's population, have savings accounts in State and national banks. Vinita—Farmers in Timber Hill district financing construc- (contd on page 8)