Once upon a time in Ada
Things you didn’t know about your own hometown
By Lee Crouse
[email protected]
July 27, 1893 the Bank of Ada changed its name to The Citizens
Bank and went into assignment. This bank was owned by Peter
Ahlefeld and Albert B. Charles the cashier. That there was no need
for this bank to fail was demonstrated by the fact that during the
liquidation period all depositors received payment in full and six
percent interest. Mr. Ahlefeld was never accused of any sharp