Farmers State Bank - Lahoma, OK

Bank Information

Episode Type: Suspension → Closure
Bank Type: state
Start Date: February 5, 1927
Location: Lahoma, Oklahoma (36.388, -98.090)

Metadata

Model: gpt-5-mini
Short Digest: 5f64425d

Response Measures

None

Description

Newspaper (1927-02-05) reports the failure of the Farmers State Bank at Lahoma and that the governor named liquidating agents of the banking department — indicates a government-ordered closure and liquidation (receiver). No run or depositor run is described in the article.

Events (2)

1. February 5, 1927 Receivership

Newspaper Excerpt: named ... liquidating agents of the banking department ... failure the Farmers State Bank at Lahoma in ... the appointment ... for liquidating agents of the banking department in failed the Farmers State Bank at Lahoma
Source: newspapers

2. February 5, 1927 Suspension

Cause: Government Action
Cause Details: State banking department appointed liquidating agents; bank declared failed and placed in liquidation by state authorities.
Newspaper Excerpt: refutation of reports that he has not withdrawn Pat Murphy ... for liquidating agents of the banking departas the interest of in failed the his he Explained his for an of the J. to for of the state in failure the Farmers State Bank at Lahoma
Source: newspapers

Newspaper Articles (1)

1. February 5, 1927 The Oklahoma News Oklahoma City, OK

Article from The Oklahoma News, February 5, 1927

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Article Text

JOHNSTON SAYS NAMES STUDIED Governor Intimates Action Next Monday DEFENDS CRIME BUREAU Wants Board Strengthened for More Work Governor Johnston intimated urday to newspape: men that on Monday or Tuesday he will send to the Senate new list of highway missioners, chosen from 50 on which he has been holding court of inquiry. He also defended the naming of Lowther as for liquidating agents of the banking departas the interest of in failed the his he Explained his for an of the J. to for of the state in failure the Farmers State Bank at Lahoma in Declared refutation of reports that he has not withdrawn Pat Murphy for member the State Industrial been by Senator John A. Goodall that Murphy cannot be Expressed the that the State Investigation should be continued, but be used solely for crime and Promised that will have message the legislature, early next dealing. as promised the he criminal and possibly discussing conservation and some other Said that his two appointees the special Supreme Court will be Monday Tuesday Withholds Names Johnston did not give tion as the names submit to the Senate for highway commissioners. He did even say that he will new names like the old Dutch justice explained. said 'I'll this advisement Monday and then I'll decide for the The governor went on to explain that has been holding court of inquiry on about 50 that to him, and that many of them are still under advisethe with the governor big from headed by Fred Merto urge the claims of Ray Weeks SalThe gave the reporters the that the when will his own. regard. less the He declared he does not consider nctual experience in highway construetion is to highway comand quoted highway engineer as that the chief requisites are good business judgment and of men. Outlines Qualifications In Johnston's the chief essentials, in the order of sobriety "at least few grains of common He stressed and said would like he get five who are "teetotalers. As to Lowery, he confirmed made the by Commissioner O. B. Mothwho declared the appointment did reported in the morning Job. for pet the but out plan had in mind for In past It has been the of to name attorney which the bank is located (Turn Page