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The bank was founded in 1960 and was located in the rear of the Penn Square Mall [2] in Oklahoma City. The bank made its name in high-risk energy loans during the late 1970s and early 1980s Oklahoma and Texas oil boom. Between 1974 and 1982, the bank's assets increased more than 15 times to $525 million and its deposits swelled from $29 million ...
UMB Financial Corporation is an American financial services holding company founded in 1913 as City Center Bank and based in Kansas City, Missouri.It offers a number of financial services from checking and savings accounts, credit services including home mortgages, auto loans, business loans and credit cards, to investing and wealth management, all are offered to individuals, companies and ...
In many ways the early 1980s recession in the United States began in Oklahoma City with the collapse of the Penn Square Bank.This subsequent collapse of the state's energy business and failure of additional financial institutions, led to a significant out-migration and excess capacity in real estate.
Greater OKC Chamber president Christy Gillenwater joined Steve Lackmeyer's live chat to answer readers' questions about the arena campaign. What is being done to keep Penn Square Mall viable? Your ...
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Penn Square Mall is a two-story, 1,083,937 sq ft (100,701 m 2) regional shopping mall in Oklahoma City, Oklahoma, United States. It is located at the intersection of Pennsylvania Avenue and NW Expressway, near Interstate 44. The mall's anchor stores consist of JCPenney, Macy's, AMC Theatres, and two separate Dillard's stores.
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Penn Square may refer to the following: Penn Square Bank, commercial bank in Oklahoma, responsible for a financial crisis in July 1982; Penn Square Mall, in Oklahoma City, Oklahoma; Penn Square, Philadelphia, location of the Philadelphia City Hall; Penn Square, a neighborhood in Lancaster, Pennsylvania