15558. State Bank (Collinsville, OK)

Bank Information

Episode Type
Suspension → Closure
Bank Type
state
Start Date
October 3, 1927
Location
Collinsville, Oklahoma (36.365, -95.839)

Metadata

Model
gpt-5-mini
Short Digest
b5ba6e379d36bf32

Response Measures

None

Description

Articles report the Collinsville State Bank suspended on October 3, 1927 and that liquidating agents/receiver were appointed Oct. 27, 1927. Losses estimated >$100,000 and officials said reorganization was impossible, indicating insolvency rather than a mere rumor-driven run. No run is described in the pieces.

Events (3)
1. October 3, 1927 Suspension
Cause
Bank Specific Adverse Info
Cause Details
Bank was insolvent; losses to stockholders and depositors estimated in excess of $100,000 and officials said reorganization was impossible.
Newspaper Excerpt
the defunct Collinsville State bank that suspended October 3.
Source
newspapers
2. October 27, 1927 Receivership
Newspaper Excerpt
G. Shull, state banking commissioner, Thursday named D. H. Pratt and F. E. M. Pyatt liquidating agents for the defunct Collinsville State bank that suspended October 3.
Source
newspapers
3. December 29, 1928 Other
Newspaper Excerpt
The closed Collinsville State Bank paid its depositors a 5 percent dividend last week, the third since the bank closed October 3, 1927.
Source
newspapers

Newspaper Articles (6)
1. October 27, 1927 Bartlesville Examiner-Enterprise Bartlesville, OK
Article from Bartlesville Examiner-Enterprise, October 27, 1927

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Article Text

DEPOSITORS LOSE HEAVY IN COLLINSVILLE BANK The Loss WEI Be More Than $100,000 It Was Announced at a Meeting Last Night (By the Associated Press) TULSA. Okla., Oct. 27.-Loses to stockholders and depositors of the defunct Collinsville State bank will be more than $100,000 and the condition of the bank's affairs is such that it will be impossible to reorganize, it was announced today by E. E. Bateman, president of the Colinsville chamber of commerce. Disclosures of the bank's financial condition were made at a meetIng last night. Names Liquidating Agent. (By Associated Press G. Shull, state banking commissioner. Thursday named D. H. Pratt and F. E. M. Pyatt liquidat ing agents for the defunct Collinsville State Bank that suspended October 3.

2. October 28, 1927 Shawnee News-Star Shawnee, OK
Article from Shawnee News-Star, October 28, 1927

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Article Text

AGENTS NAMED TO LIQUIDATE BANK OKLAHOMA CITY. Oct. 27. (AP)G. Shull, state banking commissioner Thursday named D. H. Pratt agents for the defunct Collinsville State bank that suspended October It will be impossible to re-organize the institution in the opinion of E. E. Bateman. president of the Collinaville chamber of commerce The loss is estimated at more than $100.000. it was disclosed at meeting of Collinsville business men Wednesday Read Morning News Want Ads.

3. October 28, 1927 Muskogee Daily Phoenix and Times-Democrat Muskogee, OK
Article from Muskogee Daily Phoenix and Times-Democrat, October 28, 1927

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Article Text

TEACHERS MEETING OPENS Arthur Middleton, Baritone, Appears on Program of Edmond, Okla., Meet EDMOND, October annual meeting of the Central ORLAhoma Education association opened at Central Teachers college tonight with a concert by Arthur Middleton, noted Tomorrow's program will begin with n welcome address by president John G. Mitchell of Central college after which Miss Florence Hale state 811pervisor of Maine, and state superinLendent John S. Vaughn will address the assembly. MAGEE GETS EDITORSHIP Appointment of Carl Magee fighting New Mexico editor as editor of the Oklahoma News, was announced here today by G. B. Parker, editorinchief of the Scripps-Howard newspapers Ted Evans present editor. has been promoted to the general editorial board of the papers. NAMES BANK LIQUIDATOR C. Shull. state banking commisstoner, Thursday named D. 11. Pratt and F. E. M. Pyatt liquidating agents for the defunct Collinsville State bank that suspended October 3. NOTICE OF ANNUAL MEETING The Annual meeting of the Muskogee County Chapter of the American Red Cross will be held In the offices of the chapter in the Colorado building. 318 1-2 West Okmulgee Ave., Muskogee Oklahoma at 4:00 p. m., Tuesday. Nov. At this meeting reports of the work for the past year will be heard and the executive committee selected to serve for the ensuing year. To this meeting all members of the chapter which includes all who paid their one dollar membership fee, are invited Dated October 25, 1927. (Signed) MRS. WINIFRED C. BROWN. Executive Secretary

4. October 28, 1927 Tulsa World Tulsa, OK
Article from Tulsa World, October 28, 1927

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Article Text

NAME LIQUIDATORS FOR FAILED BANKS Tulsans Handling Affairs Three Institutions; Pick Agent for Choteau OKLAHOMA CITY, Oct. 27 (A P.)-C. G. Shull, state banking Thursday named D H. Pratt and F. E. M. Pyatt liquidating agents for the defunct Collineville State bank that suspended October It will be impossible to reorganize the institution in the opinion of E. E. Bateman. president of of commerce, The loss is estimated at than 000 It was at & meeting of Collinsville business men night. Pratt and Pyatt of Tulsa have been acting ne liquidating agents of the Planters and Mechanics bank of Tulsa, which its doors in 1925, and the First State bank of Jenks, which closed in july, 1926. Shull announced. W. E. Nicklin of Pryor was named liquidating agent for the Farmers and State bank of Chotenu, which ceased business October 18, Shull said.

5. October 30, 1927 The M'Alester News-Capital McAlester, OK
Article from The M'Alester News-Capital, October 30, 1927

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Article Text

IN DIVORCE MILL Reed has filed petition for divorce the court clerk's office against Fay Reed to whom he was married May 25, 1927, petition. He charges that the defendant has been guilty of gross neglect duty since their marriage that she has falied and refused house for him. BANK LOSS WAS HEAVY OKLAHOMA CITY, Shull, state banking Thursday named D. H. Pratt and Pyatt liquidating agents defunct Collinsville State bank that October impossible to re-organize the institution in the opinion of Bateman, president of the Collinsof Commerce. The estimated more than

6. December 29, 1928 Harlow's Weekly Oklahoma City, OK
Article from Harlow's Weekly, December 29, 1928

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Article Text

in the expense of government is objectionable, this experiment might be worth the cost. The Texas Rangers have proven their worth in countless instances and their reputation in Texas is such that in many cases the presence of one Ranger in lawless sections of the state is said to have a better effect than that of a half dozen policemen. One of the arguments for state police in Oklahoma is that Oklahoma is now leading the nation in the number of bank robberies and it is believed that with a state police force seatCered over the state, would more than pay the expense by the amount saved in bank losses. The Enterprise is opposed to the increase in the number of offices, but this experiment might be worth trying. BANK DIVIDENDS THE receiver of the defunct Frst NationBank of Collinsville has recommended to the Comptroller of the Currency at Washington that a second dividend of 10 percent be paid to creditors. The closed Collinsville State Bank paid its depositors a 5 percent dividend last week, the third since the bank closed October 3, 1927. The First National Bank of Bristow started payment of a 25 percent dividend last week. It was delayed at Washington, D. C., and was only a promised dividend of 20 percent. The defunct State Bank at Glencoe paid a 6 percent dividend this month.