First National Bank

Episode Information

Episode UID: 863801477
Episode Type: Suspension → Closure
Bank Type: national
Bank ID: 86380 national
Charter Number: 8638
Start Date: January 27, 1923
Location: Kiowa, Oklahoma (34.721, -95.899)

Metadata

Model: gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest: 1625b97714fcdeb3

Response Measures

None

Description

Article reports the Kiowa bank failed to open following correspondent failures; no follow-up about reopening provided.

Events (3)

1. April 9, 1907 Chartered

Source: historical_nic

2. January 27, 1923 Suspension

Cause: Correspondent
Cause Details: Closure of the Central Exchange Bank at Woodward and consolidation of correspondent Southwest National with another bank led Kiowa bank to fail to open.
Newspaper Excerpt: They are the First National Bank of Kiowa; the Farmers State Bank of Gage and Foss State Bank at Foss.
Source: newspapers

3. December 31, 1925 Voluntary Liquidation

Source: historical_nic

Newspaper Articles (1)

1. January 27, 1923 Drumright Weekly Derrick Drumright, OK

Article from Drumright Weekly Derrick, January 27, 1923

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Article Text

KIOWA, GAGE AND FOSS CENTERS OF MONEY DISASTER Woodward Debacle Drags One Down—Run Yesterday Ruined Foss Bank By the Associated Press Oklahoma City, Jan. 27.—Three banks in Oklahoma towns failed to open for business today, according to reports received at the offices of the state bank commissioner here. They are the First National Bank of Kiowa; the Farmers State Bank of Gage and Foss State Bank at Foss. The bank of Gage, in Ellis County was capitalized at $15,000 and had a deposit Dec. 20 of $225,000. It is said at the office of the bank commissioner that this bank had a large balance in the Central Exchange Bank at Woodward, which was closed recently. The Foss bank has a capitalization of $15,000 and deposits Dec. 19 of $71,000. S. B. Green, president, in advising the bank commissioner of the closing said that a run was started yesterday which forced the action. Foss is in Wichita county. At the office of the bank commissioner it was said that both the Kiowa and the Foss banks are correspondents of the Southwest National bank of this city, which consolidated this week with the First National bank here.