2aa48228None
Click image to open full size in new tab
RECEIVER FOR SECU RITY NATION AL BANK NAMED Receiver for the closed Se curity National Bank has been appointed. according to word Thursday from Senator T. P Gore, in Washington Name of the man to be sent here to liquidate the bank has not been released from the of fice of the comptroller of the currency. in the capital city, Several weeks ago the Clinton Morning Times that a receiver would be appointed. Date of his arrival here has not been announced.
Click image to open full size in new tab
BANK CONFIRMATION DUE THIS Action By Congress Expected Before Saturday With adjournment of congress set for Saturday, confirmation the appointment of George Oklahoma City, receiver for closed Security National bank here expected this week. Recommendation of Wilson for the appointment, made by Senator Gore Senator Elmer Thomas, was announced Saturday night. No word that the appointment had been confirmed been ceived today, but was expected perhaps tomorrow Post Sought By Jordan After confirmation by congress, Mr. Wilson expected to here and take charge the institution, which has been under the direction of conservator since March last year. When proposals for the reorganization the bank failed to meet approval, Joe Jordan, conservator, recommended that liquidation undertaken order to free the stitution's frozen assets. At the time he informed federal banking officials he not candidate for appointment receiver. The recommendation for liquidation was made about days was understood that the two senators were in disagreement in the appointment of receiver, but reached an understanding urday night. To Per Cent There were considerable speculation here to how much positors will receive of the nearly $400,000 that was deposited in the bank. It was estimated that the bank between 50 and pay per cent. The receiver will likely proceed with liquidation as rapidly possible, and first dividend may declared soon after his here. was reported the bank than $40,000 in cash now payment to depositors when dation started.
Click image to open full size in new tab
No Word Received About Receiver Yet When George Wilson will take charge of the Security National bank as receiver was still unknown Saturday to officials of the institution. "We have not heard a word. said bank officials. Mr. Wilson, of Oklahoma City, was named two weeks ago to the post, but his appointment has not been confirmed as far as is known here.
Click image to open full size in new tab
RECEIVER NOW CHARGE OF SECURITY Is Up First Payment To Washington, He Explains George Oklahoma took charge of the Security today bank receiver of the National He was authorized to assume rection the in telegrams from federal officials His commission Washington today receiver will arrive by mail Jordan, who has been Joe conservator since serving closed March of to Jórdan vacation to Chicago for trip Mr. Wilson going OVCI records of the bank today Records To Be Checked Just how soon the payment of the bank the 900 depositiors known. Mr will be made said. He explained that Wilson to check bank will necessary liquidation take numerous other blems first Federal officials Washington will when the first payment say Mr. Wilson made to despositors, pointed he he declared he will make effort to speed up the payment. that the bank has approximately in and that Mr. Wilson rency now, hopeful obtaining early permission from Washington to this for the first payment to positors. Family Here and Wilson and their Mr. Mrs. two daughters arrived here yesterand are making their residence day 1002 Choctaw avenue. Mr. Wilson came to this state 31 and is well known. He ago, formerly resided Mangum. been an adjustor for an insurconcern for number of years, and that business came here three in and stayed month to years adjustments claims as of hall