Bank of Commerce - Okmulgee, OK

Bank Information

Episode Type: Suspension → Closure
Bank Type: state
Start Date: February 27, 1922
Location: Okmulgee, Oklahoma (35.623, -95.961)

Metadata

Model: gpt-5-mini
Short Digest: 330a03f9

Response Measures

None

Description

Article (1928-03-11) refers to the defunct Bank of Commerce and discusses judgments founded Feb. 27, 1922 when the bank failed and the existence of a bank receiver. No run or reopening is mentioned; the bank had failed and remained closed with a receiver handling funds.

Events (3)

1. February 27, 1922 Suspension

Cause Details: Bank failure leading to judgments dated Feb. 27, 1922; article describes the bank as defunct.
Newspaper Excerpt: They were founded Feb. 27, 1922 ... the bank failed
Source: newspapers

2. November 29, 1927 Receivership

Newspaper Excerpt: the bank receiver did not receive the money until Nov. 29, 1927, it is alleged.
Source: newspapers

3. March 11, 1928 Other

Newspaper Excerpt: OKMULGEE, March 10.-Charging that Okmulgee county owes the defunct Bank of Commerce interest ... C. G. Shull state banking commissioner, brought suit Friday against the board of commissioners and County Treasurer J. R. Jones.
Source: newspapers

Newspaper Articles (1)

1. March 11, 1928 Henryetta Daily Free-Lance Henryetta, OK

Article from Henryetta Daily Free-Lance, March 11, 1928

Click image to open full size in new tab

Article Text

FILES SUIT AGAINST COUNTY OKMULGEE, March 10.-Charging that Okmulgee county owes the defunct Bank of Commerce interest of $5,205.7 because two judgments held against the county when the bank failed were not paid in time, C. G. Shull state banking commissioner, brought suit Friday against the board of commissioners and County Treasurer J. R. Jones. The judgments totalled $15,105.72 They were founded Feb. 27, 1922, and the treasurer sold the funding bonds, receiving $15,095.02, but the bank receiver did not receive the money until Nov. 29, 1927, it is alleged. Interest at six per cent from the date of sale of the bonds is asked. It is charged the county received in interest $2,838.13, which represented percent paid by local depository while the sum was held there. In the event the court does not find the bank entitled to 6 per cent interest, the commissioner asks that the 3 per cent, received by the county, be paid. money. Connecticut spent $129,069 to prepare and maintain 190 miles of them in 1927-an average of $679 a mile.