15681. Security National Bank (Lawton, OK)

View Charter #11680 on SPMC

Bank Information

Episode Type
Suspension → Closure
Bank Type
national
Bank ID
11680
Charter Number
11680
Start Date
November 10, 1921
Location
Lawton, Oklahoma (34.609, -98.390)

Metadata

Model
gpt-5-mini
Short Digest
35eddce04cd903a3

Response Measures

None

Description

Directors voted to close and sent notice of suspension to the Comptroller; window notice said 'closed for liquidation.' Articles explicitly state the suspension was to protect depositors from a potential run and that liquidation would be effected by the U.S. Comptroller. No run is reported prior to suspension.

Events (3)
1. April 16, 1920 Chartered
Source
historical_nic
2. November 10, 1921 Suspension
Cause
Voluntary Liquidation
Cause Details
Directors decided to suspend and close for liquidation to protect depositors; notice sent to the U.S. Comptroller and examiner; abnormal return of unpaid drafts and general business conditions cited as reasons.
Newspaper Excerpt
the directors of the Security National bank of Lawton announced today that the bank would not open for business. The doors are locked and a notice on the window states that the institution is closed for liquidation.
Source
newspapers
3. June 3, 1929 Voluntary Liquidation
Source
historical_nic

Newspaper Articles (3)
1. November 10, 1921 The Guthrie Daily Leader Guthrie, OK
Article from The Guthrie Daily Leader, November 10, 1921

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Article Text

National Bank At Lawton Fails; Big Loss Looms Lawton, Nov. 10.-After an all night session. the directors of the Security National bank of Lawton announced today that the bank would not open for business The doors are closed. and a notice on the window states that the institution is closed for liquidation. Officers of the bank stated today that notice of suspension of business has been sent to the comptreller at Washington and to the United States bank examiner at Hobart. Accord ing to W. W. Brunskill, president of the bank, the suspension of business was decided on to afford protection to depositors who would not have shared equally had a run on the in stitution developed. All depositors will share equally under liquidation effected by the United States comp troller's office. he added, General business conditions and an abnormal return of unpaid drafts which absorbed the bank's surplus was assigned in the announcement as the cause of we institution's condi tion. c. W. Crabtree of Lawton is vice. president and cashier of the bank 'president Brunskill's home also is in Lewton. The board of directors in includes J. P. Whatley. of the Amer ican National bank. Oklahoma City. The Security National bank is less than two years old. its capital stock was $100,000.

2. November 10, 1921 The Daily Ardmoreite Ardmore, OK
Article from The Daily Ardmoreite, November 10, 1921

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Article Text

LAWTON BANK CLOSES DOORS LAWTON, Okla., Nov. 10.--After an all night session, the directors of the Security National Bank of Lawton announced today that the bank would not open for business. The doors are locked and a notice on the window states that the institution Is closed for liquidation. Officers of the bank stated today that notice of suspension of business has been sent to the comptroller at Washington and to the United States banking examiner at Hobart. According to W. W. Brunskill, president of the bank. the suspension of business was decided on to afford protection to depositors, who would not have shared equally had a run on the institution developed. All depositors will share equally under liquidation effected by the United States comptrollers office, he added. General business conditions and an abnormal return of unpaid drafts which absorbed the banks surplus was assigned in the announcement as the cause of the institution's condition. C. W. Crabtree of Lawton is vice president and cashier of the bank. President Burnskill's home also is in Lawton. The board of directors includes J. P. Whatley of the American National Bank, Oklahoma City. The Security National Bank is less than two years old. Its capital stock was $100,000.

3. November 13, 1921 The Morning Tulsa Daily World Tulsa, OK
Article from The Morning Tulsa Daily World, November 13, 1921

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Article Text

Voluntarily Closes Its Doors. LAWOON - After an all-night session the directors of the Security National bank of Lawton announced that the bank would not open for business Notice of suspension has been sent to the comptroller at Washington and to the examiner at Hobart. The suspension was ordered to protect depositors from the losses incident should a run have been permitted. Abnormal business conditions is assigned as the cause of the bank's embarrassment.