Mccurtain County Bank - Broken Bow, OK

Bank Information

Episode Type: Suspension → Closure
Bank Type: state
Start Date: November 30, 1929
Location: Broken Bow, Oklahoma (34.029, -94.739)

Metadata

Model: gpt-5-mini
Short Digest: 52490a9b

Response Measures

None

Description

Article (McCurtain Gazette, 1929-11-30) states that M. J. Pufahl was receiver for McCurtain county banks at Idabel, Broken Bow and Haworth and was being transferred; indicates the bank was in receivership (closure). No mention of a depositor run in the provided text. Bank name inferred as a county/state bank (not National).

Events (1)

1. November 30, 1929 Receivership

Newspaper Excerpt: M. J. Pufahl, receiver for the Hugo National and City National banks, of Hugo, the First National bank of Boswell, and McCurtain county banks at Idabel, Broken Bow and Haworth, has been notified by the comptroller of the currency to take charge of the affairs of the First National Bank Clarksville, Arkansas, ... He will be relieved of his duties here and in McCurtain county by Jeff D. Hooker.
Source: newspapers

Newspaper Articles (1)

1. November 30, 1929 McCurtain Gazette Idabel, OK

Article from McCurtain Gazette, November 30, 1929

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Article Text

M. J. PUFAHL TRANSFERRED Bank Receiver in Choctaw and McCurtain Counties Goes to Arkansas Hugo, Nov. 28.-M. J. Pufahl, receiver for the Hugo National and City National banks, of Hugo, the First National bank of Boswell, and McCurtain county banks at Idabel, Broken Bow and Haworth, has been notified by the comptroller of the currency to take charge of the affairs of the First National Bank Clarksville, Arkansas, 60 miles east of Fort Smith. The transfer will become effective November 30. He will be relieved of his duties here and in McCurtain county by Jeff D. Hooker. Mr. Pufahl came here from Julesburg, Colorado, on March 9, 1928, succeeding Roy A. Cooper, deceased, as receiver for the two Hugo banks and the Boswell bank. He was subsequently placed in charge of the three McCurtain county banks. Affairs of the Hugo National and City National banks are now in process of final liquidation and it is anticipated that the remaining assets will be sold at public auction at an early date. It is estimated that final dividends in the aggregate sum of $60,000 will be paid by the Hugo and Boswell banks before the receiverships are closed. Remaining assets of the Boswell banks were sold at public auction November 23. Have You Joined the Goodfellows Club?