Security State Bank - Blackwell, OK

Bank Information

Episode Type: Suspension → Closure
Bank Type: state
Start Date: June 1, 1932*
Location: Blackwell, Oklahoma (36.804, -97.283)

Metadata

Model: gpt-5-mini
Short Digest: eb792f66

Response Measures

None

Description

Article indicates the Security State Bank of Blackwell closed in June 1932 and its assets were in the hands of the state deposit liquidating committee. By Jan 31, 1934 the RFC refused a loan on the bank's assets, indicating the bank remained closed and in liquidation. No run is mentioned in the provided text.

Events (2)

1. June 1, 1932* Suspension

Cause: Government Action
Cause Details: Bank closed in June 1932 and placed in liquidation under the state deposit liquidating committee (state action leading to suspension).
Newspaper Excerpt: closed June 1932
Source: newspapers

2. January 31, 1934 Other

Newspaper Excerpt: Reconstruction Finance corporation has refused a loan of $135,000 on the assets of the old Security State bank of Blackwell ... Listing Of Assets At $90,000 Is Believed Doomed Request SEVERAL OKAYS
Source: newspapers

Newspaper Articles (1)

1. January 31, 1934 Blackwell Journal-Tribune Blackwell, OK

Article from Blackwell Journal-Tribune, January 31, 1934

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Article Text

MEEK UNABLE TO EXPLAIN R.F.C. REFUSAL Listing Of Assets At $90,000 Is Believed Doomed Request SEVERAL OKAYS Old Depositors Would Have Received About 6 Per Cent More Reconstruction Finance corporation has refused a loan of $135,000 on the assets of the old Security State bank of Blackwell, L. K. of he state deposit liquidating committee. was informed Tuesday Reason for the action was not learned he Tribout it lieved probable were two reasons which figured in the F. refusal grant applic ation, made W.J. Barnett, state bank One that the loan value of assets virtually the same as the mount of the tion made about $90,000. and another that many applications made for loans on assets of banks which closed June 1932, had been turned down. Without Knowledge The approved by the state deposit committee and district posit liquidating committee at KanCity before being forwarded to