Bank of Commerce - Sapulpa, OK

Bank Information

Episode Type: Suspension → Closure
Bank Type: state
Start Date: August 20, 1927
Location: Sapulpa, Oklahoma (35.999, -96.114)

Metadata

Model: gpt-5-mini
Short Digest: 07a43870

Response Measures

None

Description

Article (Aug 20, 1927) reports the Bank of Commerce at Sapulpa was closed by State Banking Commissioner O. B. Mothersead because of frozen assets. No run or reopening is mentioned; closure appears to be by government action.

Events (1)

1. August 20, 1927 Suspension

Cause: Government Action
Cause Details: State Banking Commissioner O. B. Mothersead closed the bank because of frozen assets (management said to have been clean).
Newspaper Excerpt: Frozen assets were given by O. B. Mothersead, state banking commissioner, as the cause of the closing of the Bank of Commerce at Sapulpa today.
Source: newspapers

Newspaper Articles (1)

1. August 20, 1927 The Vinita Daily Journal Vinita, OK

Article from The Vinita Daily Journal, August 20, 1927

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Article Text

Frozen Assets Close A Sapulpa Bank [By The Associated Press] OKLAHOMA CITY, Aug. 20. Frozen assets were given by O. B. Mothersead, state banking commissioner, as the cause of the closing of the Bank of Commerce at Sapulpa today. Mothersead stated that the management of the institution had been clean