First National Bank (Allen, OK)

View Charter #9620 on SPMC View balance sheet

Episode Information

Episode UID
962001595
Episode Type
Suspension → Closure
Bank Type
national
Bank ID
96200 national
Charter Number
9620
Start Date
November 14, 1932
Location
Allen, Oklahoma (34.879, -96.413)

Metadata

Model
gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
8ec9eb3ca843d62a

Response Measures

None

Receivership Details

Depositor recovery rate
60.8%
Date receivership started
1932-11-14
Date receivership terminated
1936-10-29
Share of assets assessed as good
13.6%
Share of assets assessed as doubtful
76.2%
Share of assets assessed as worthless
10.2%

Description

Suspension is reported to the Comptroller Nov. 14 and matches the bank's known receivership date.

Events (4)
1. December 28, 1909 Chartered
Source
historical_nic
2. November 14, 1932 Receivership
Source
historical_nic
3. November 14, 1932 Receivership
Newspaper Excerpt
First National Bank of Allen, Okla., resources $119,771.
Source
newspapers
4. November 14, 1932 Suspension
Cause
Government Action
Cause Details
Listed among national banks suspending Nov. 14 as reported to the Comptroller of the Currency.
Newspaper Excerpt
First National Bank of Allen, Okla., resources $119,771.
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.