18194. Sapulpa State Bank (Sapulpa, OK)

Bank Information

Episode Type
Suspension → Closure
Bank Type
state
Start Date
November 27, 1929
Location
Sapulpa, Oklahoma (35.999, -96.114)

Metadata

Model
gpt-5-mini
Short Digest
7c85c548

Response Measures

None

Description

Newspapers report Sapulpa State Bank failed to open Nov 27, 1929 following the failure of the Sapulpa State and the death of H. A. McCauley (president). A liquidating agent was appointed Dec 1929, indicating permanent closure/receivership rather than a temporary suspension and reopening.

Events (3)
1. November 27, 1929 Other
Newspaper Excerpt
The Directors ... decided to close the bank ... First: The failure of the Sapulpa State which has been an associated institution with this bank, and ... Second: The death of H. A. McCauley, president of the Sapulpa State Bank ... and due to the fact that the death of Mr. McCauley ... would have had disastrous effect upon our bank ... we felt it our duty to close the bank, and in order to protect our depositors we felt ... to close the bank that the loss to the depositors, if any, would be minimized by this action on our part.
Source
newspapers
2. November 27, 1929 Suspension
Cause
Bank Specific Adverse Info
Cause Details
Closings followed the failure of the Sapulpa State (an associated institution) and the death of H. A. McCauley, president; banks failed to open Nov. 27, 1929 to protect depositors.
Newspaper Excerpt
12 Oklahoma Banks Closed by State OKLAHOMA CITY, Okla., Nov. 27. ... The closings were an immediate of the death last night of H. A. McCauley, 55, of Sapulpa, who interested in all The banks to be closed were Sapulpa State bank ...
Source
newspapers
3. December 4, 1929 Receivership
Newspaper Excerpt
Whitenton Named Liquidating Agent ... Whitenton of Henryetta was named liquidating agent for the failed Henryetta State Bank by Graves Shull, state bank commissioner. ... Bobo, former state senator, [named] liquidating agent for the Sapulpa State Bank ... he expected to name liquidating agents for the other eight failed institutions later.
Source
newspapers

Newspaper Articles (3)
1. November 27, 1929 Oakland Tribune Oakland, CA
Article from Oakland Tribune, November 27, 1929

Click image to open full size in new tab

Article Text

12 Oklahoma Banks Closed by State OKLAHOMA CITY, Okla., Nov. 27. Graves Shull. state bank announced today that twelve state banks failed to open their doors today. The closings were an immediate of the death last night of H. A. McCauley, 55, of Sapulpa, who interested in all The banks to be closed were Sapulpa State bank the Bank of Mounds: Henrietta State bank Bank of Commerce, Welettka: First State bank, Vian: Citizens State bank Webbers Falls; State State bank: First State bank, Terlton: Avant State bank: bank: and the Bank of Kellyville.

2. November 27, 1929 Henryetta Daily Free-Lance Henryetta, OK
Article from Henryetta Daily Free-Lance, November 27, 1929

Click image to open full size in new tab

Article Text

NOTICE TO THE PUBLIC poverished The Directors of the Henryetta of the Henryetta district. State Bank decided to close the bank Burlingback, who tips the scale at this morning for the following rea 180 pounds, claims to be one of the sons: best wrestlers in the state and has First: The failure of the Sapulpa submitted long list of wrestlers State which has been an whom he has defeated in all parts of ciated institution with this bank, and the Second: The death of H. A. Mcwho weighs approximately Cauley, president of the Sapulpa State 225 pounds, displayed his prowess as Bank, who was one of the organizers wrestler the recent district fair of the Henryetta State Bank, and the here, when he decisively defeated prominently identified with the bank carnival had best man the visiting to from its inception; offer. and due to the fact that the death officials at Legion are present preof Mr. McCauley following the failure boxing card, but have paring as of the Sapulpa State Bank, would have not selected the although had disastrous effect upon our bank that some of the best batthey state and would probably have caused run tlers in the state will be obtained. on the which the Directors did They have not yet decided where not could be averted without the show will be held. closing its doors, and in order to protect our depositors we felt Jessie Baucum Wins our duty to close the bank, that the loss to the depositors, if any, Athletic Queen Vote would be minimized by this action our part. Jessie Baucum. freshman candidate C. MANRY E. W. SMITH, SMITH.

3. December 4, 1929 Henryetta Daily Free-Lance Henryetta, OK
Article from Henryetta Daily Free-Lance, December 4, 1929

Click image to open full size in new tab

Article Text

Whitenton Named Liquidating Agent Defunct State (By Associated Dec. Whitenton of Henryetta was named liquidating agent for the failed Henryetta State Bank by Graves Shull, state bank commissioner. The bank was one of 12 which closed their doors last Wednesday following the death of McCauley, who was president of all except three of the Late yesterday Shull named Luster Cook, mayor of Oilton, as liquidating agent for the Oilton State Bank; Bobo, former state senator, liquidating agent for the Sapulpa State Bank: and Morris of Mounds liquidating agent for the Bank Mounds. The said he expected to name liquidating for the other eight failed institutions later MAKES On being questioned this afternoon concerning his appointment, Mr. Whitenton stated that had not been formed concerning matter and could not definite statement to make until he had been better acquainted with the condition now existing in the bank. He said that he had been out of town all morning, which probably officials failure to notify him. explains His appointment officially relieves M. deputy bank commiswho has been in charge of the sioner, institution since closed its doors Wednesday.