The articles consistently report that the First National Bank of Broken Bow closed in October 1926 and a receiver was appointed by the Comptroller of the Currency; subsequent items describe receiver litigation in 1926–1927. No contemporaneous newspaper text describes a depositor run prior to suspension, so this is classified as a suspension that resulted in permanent closure/receivership.
Events (10)
1.July 17, 1913Chartered
Source
historical_nic
2.October 22, 1926Suspension
Cause
Government Action
Cause Details
Bank closed in October 1926 and subsequently placed in receivership by the Comptroller of the Currency; receiver later appointed.
Newspaper Excerpt
The bank closed the next morning
Source
newspapers
3.November 2, 1926Receivership
Source
historical_nic
4.November 4, 1926Receivership
Newspaper Excerpt
The appointments were made by the comptroller of the currency at Washington, D. C. Mr. Litteer will make arrangements to begin his new duties at once. ... has been appointed as receiver for the First National bank of Broken Bow (Ardmore Daily Press, 1926-11-04). LITTEER NAMED BANK RECEIVER
Source
newspapers
5.December 10, 1926Other
Newspaper Excerpt
Earl J. Litteer, receiver for the First National bank of Broken Bow, filed suit ... asking cancellation of real estate mortgage for $38,350 secured from the bank just before it closed. (Muskogee Times-Democrat, 1926-12-10). BANK RECEIVER REQUESTS CANCELLING OF MORTGAGE
Source
newspapers
6.January 7, 1927Other
Newspaper Excerpt
John C. Head also was named defendant in similar suit filed yesterday by the receiver for the First National bank of Broken Bow ... Judgment for $500 is sought. (Muskogee Daily Phoenix and Times-Democrat, 1927-01-07). IDABEL BANK RECEIVER SEEKS $10,000 SUIT
Source
newspapers
7.February 5, 1927Other
Newspaper Excerpt
Earl Litteer, receiver for the First National bank of Broken Bow filed suit for $500 against Morgan and Drew Wasson ... also filed suit against Mrs. Davis for $1020 ... she withdrew $1000 deposit from the bank knowing that it was insolvent. (Muskogee Times-Democrat, 1927-02-05). BANK RECEIVER FILES SUITS ON STOCKHOLDERS
Source
newspapers
8.February 10, 1927Other
Newspaper Excerpt
Earl J. Litteer, receiver for the First National bank of Broken Bow, filed suit ... The Broken Bow receiver also filed suit against Mrs. N. E. Davis for $1020. (The Broken Bow News, 1927-02-10). BANK RECEIVER FILES SUITS ON STOCKHOLDERS
Source
newspapers
9.March 15, 1927Other
Newspaper Excerpt
Bank closed its doors in October, 1926 ... suit to collect an assessment on the stock. (Abilene Reporter-News, 1927-03-15). Bank Receiver Files Suit In Federal Court
Source
newspapers
10.September 15, 1927Other
Newspaper Excerpt
Mr. Salmon is receiver of the First National bank of Broken Bow ... (The Broken Bow News, 1927-09-15). BANK RECEIVER AND WIFE ARE INJURED
Source
newspapers
Newspaper Articles (7)
1.November 4, 1926The Ardmore Daily PressArdmore, OK
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Article Text
LITTEER NAMED BANK RECEIVER
Selected to Handle Affairs for Haworth and Broken Bow Failed.
Earl J. Litteer, receiver of the State National bank of this city, has been appointed as receiver for the First National bank of Broken Bow and the First National bank of Haworth. Notification of his selection for these two positions was received yesterday. The appointments were made by the comptroller of the currency at Washington, D. C. Mr. Litteer will make arrangements to begin his new duties at once. He has been in Ardmore for the past three years settling the affairs of the State National bank which closed its doors in 1922.
2.December 10, 1926Muskogee Times-DemocratMuskogee, OK
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Article Text
BANK RECEIVER REQUESTS CANCELLING OF MORTGAGE
Earl J. Litteer, receiver for the First National bank of Broken Bow, filed suit in United States district court today asking cancellation of real estate mortgage for $38,350 secured from the bank just before It closed. by the Texarkana National bank, of Texarkana, Texas. The complaint alleges that officers of the defendant bank insisted upon execution of the mortgage as security for four promissory about d'clock the night of October 21, 1926 The bank closed the next morning, and the plaintiff charges that the cabled by Dawes to the American minister to Norway to be read at the
3.January 7, 1927Muskogee Daily Phoenix and Times-DemocratMuskogee, OK
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Article Text
IDABEL BANK RECEIVER SEEKS $10,000 SUIT
Three Defendants Charged With Attempt to Evade Stockholders' Liability Assessment
50 SHARES ARE INVOLVED
Seeking to collect $10,000 in judgments on stockholders' liability assessments, Jacob A. Salmon, receiver for the First National bank of Idabel. filed suit in federal court here yesterday against John C. Head, C. Head and H. C. Morris. The suit charges that 50 shares of stock in the Idabel bank were purchased by John C. Head, but that the stock was issued to C. Head and Morris, alleged insolvents, in an attempt to evade liability assessments levied by the comptroller of currency after the bank closed. John C. Head also was named defendant in similar suit filed yesterday by the receiver for the First National bank of Broken Bow against him and M. A. Morgan. Judgment for $500 is sought.
4.February 5, 1927Muskogee Times-DemocratMuskogee, OK
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Article Text
BANK RECEIVER FILES SUITS ON STOCKHOLDERS
Charging manipulation of bank stock avoid payment of ers' liability Earl teer. receiver for the First National bank of Broken Bow filed suit for $500 against Morgan and Drew Wasson in federal court here today. The Broken Bow receiver also filed suit against Mrs. Davis for $1020 Mrs. Davis, the is relative of former director the Broken Bow bank. On the date the bank closed. charged she withdrew $1000 deposit from the bank. knowing that it was insolvent. and she since has refused to repay the amount to the receiver
5.February 10, 1927The Broken Bow NewsBroken Bow, OK
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Article Text
BANK RECEIVER FILES SUITS ON STOCKHOLDERS
Charging manipulation of bank stock to avoid payment of stockholders' liability assessments, Earl J. Litteer, receiver for the First National bank of Broken Bow, filed suit for $500 against C. V. Morgan and Drew Wasson in federal court here today. The Broken Bow receiver also filed suit against Mrs. N. E. Davis for $1020. Mrs. Davis, the petition states, is a relative of a former director in the Broken Bow bank. On the date the bank closed, it is charged, she withdrew a $1000 deposit from the bank, knowing that it was insolvent, and she since has refused to repay the amount to the Muskogee Times-Democrat, Saturday, February 1927.
6.March 15, 1927Abilene Reporter-NewsAbilene, TX
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Article Text
Bank Receiver Files Suit In Federal Court
Suit for $1,000 filed yesterday in the Federal Court by Earl Litteer, receiver for the First National bank of Broken Bow, Oklahoma, against Mrs. Frances. The bank closed Its doors in October, 1926 and Mrs. Frances owned ten shares of the bank stock, teh petition sets out The suit collect an assessment on the stock.
7.September 15, 1927The Broken Bow NewsBroken Bow, OK
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Article Text
BANK RECEIVER AND WIFE ARE INJURED
Mr. and Mrs. J. A. Salmon were painfully but not seriously injured last Friday afternoon about five o'clock. They were returning from Hugo when they met a car, which was on the wrong side of the road, and the two cars collided. Mrs. Salmon's hip was badly brusied but no bones broken and Mr. Salmon's head was cut which required several stitches. Their son, Eugene, who was with them, was not injured. Mrs. Salmon is still in the Paris Sanitarium. We hope she will soon Mr. Salmon is receiver of the First National bank of Broken Bow, and is well-known here. The Salmons make their home in Idabel.
