Penn Square: The Shopping Center Bank that Shook the World, Part 2 - Bust

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Description

Article continues the history of the Penn Square Bank from Part 1, introducing the problems and practices that led to the bank's financial downfall. Michael J. Hightower examines the impact the bank's "bust" had on the oil industry and the financial community.

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33 p. : ill.

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Hightower, Michael J. Summer 2012.

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This article is part of the collection entitled: The Chronicles of Oklahoma and was provided by the Oklahoma Historical Society to The Gateway to Oklahoma History, a digital repository hosted by the UNT Libraries. It has been viewed 62 times. More information about this article can be viewed below.

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  • Oklahoma Historical Society

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The mission of the Oklahoma Historical Society (OHS) is to collect, preserve, and share the history and culture of the state of Oklahoma and its people. The OHS was founded on May 27, 1893, by members of the Territorial Press Association.

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  • Main Title: Penn Square: The Shopping Center Bank that Shook the World, Part 2 - Bust
  • Serial Title: Chronicles of Oklahoma

Description

Article continues the history of the Penn Square Bank from Part 1, introducing the problems and practices that led to the bank's financial downfall. Michael J. Hightower examines the impact the bank's "bust" had on the oil industry and the financial community.

Physical Description

33 p. : ill.

Notes

Abstract: After exponential growth, the irresponsible practices of Penn Square Bank came to light, leading to the bank's failure. In part two of his study, Michael J. Hightower explores the reasons for Penn Square Bank's fall and describes the reactions of the banking community and the oil industry.

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  • Chronicles of Oklahoma, 90(2), Oklahoma Historical Society, 2012, pp. 204-236

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  • Publication Title: Chronicles of Oklahoma
  • Volume: 90
  • Issue: 2
  • Page Start: 204
  • Page End: 236

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The Chronicles of Oklahoma

The Chronicles of Oklahoma is the scholarly journal published by the Oklahoma Historical Society. It is a quarterly publication and was first published in 1921.

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Chronicles of Oklahoma, Volume 90, Number 2, Summer 2012 (Journal/Magazine/Newsletter)

Chronicles of Oklahoma, Volume 90, Number 2, Summer 2012

Quarterly publication containing articles, book reviews, photographs, illustrations, and other works documenting Oklahoma history and preservation.

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Chronicles of Oklahoma, Volume 90, Number 2, Summer 2012, ark:/67531/metadc1725802

Penn Square: The Shopping Center Bank that Shook the World, Part 1 - Boom (Article)

Penn Square: The Shopping Center Bank that Shook the World, Part 1 - Boom

Article describes the history of Penn Square Bank, including the planning and strategies of its organizers and its booming success gained from the thriving growth of the oil and gas industries during the 1960s-1980s. Michael J. Hightower focuses on the rise of the Oklahoma City bank in Part 1 of a two-part article.

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Penn Square: The Shopping Center Bank that Shook the World, Part 1 - Boom, ark:/67531/metadc2017326

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  • Summer 2012

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Added to The Gateway to Oklahoma History

  • Dec. 1, 2022, 3:51 p.m.

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  • April 5, 2023, 2:03 p.m.

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Hightower, Michael J. Penn Square: The Shopping Center Bank that Shook the World, Part 2 - Bust, article, Summer 2012; Oklahoma City, Oklahoma. (https://gateway.okhistory.org/ark:/67531/metadc2017332/: accessed June 12, 2024), The Gateway to Oklahoma History, https://gateway.okhistory.org; crediting Oklahoma Historical Society.

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