533. Bank of Osceola (Osceola, AR)

Bank Information

Episode Type
Suspension → Closure
Bank Type
state
Start Date
December 1, 1931*
Location
Osceola, Arkansas (35.705, -89.970)

Metadata

Model
gpt-5-mini
Short Digest
93311349

Response Measures

None

Description

Articles report the Bank of Osceola had closed (following its closing here last December) and was in liquidation under a court-appointed receiver (Finis E. Miller). No article describes a depositor run; the bank is described as closed and in receivership, so this matches a suspension with permanent closure. Date of closing referenced as December 1931 (last December relative to July 1932 articles).

Events (3)

1. December 1, 1931* Receivership
Newspaper Excerpt
Mr. Miller ... was named receiver for Bank of Osceola following its closing here last December. Finis Miller, receiver for the ... Bank of Osceola, died this morning ... July 23, 1932. (articles noting Miller as receiver and his death).
Source
newspapers
2. December 1, 1931* Suspension
Cause
Bank Specific Adverse Info
Cause Details
Bank closed and placed in liquidation; referenced in context of insolvency and criminal trial involving A. B. Banks chain; bank required a receiver after failure/closing last December.
Newspaper Excerpt
named receiver for Bank of Osceola following its closing here last December.
Source
newspapers
3. July 23, 1932 Other
Newspaper Excerpt
Finis Miller, receiver for the Citizens Bank of Monette, the First State Bank of Osceola, the Bank of Osceola and the Bank of Leachville, died this morning ... (article reporting receiver's death).
Source
newspapers

Newspaper Articles (6)

Article from Jonesboro Daily Tribune, June 28, 1931

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Article Text

Parker Returns From Banks Trial In Capital Herbert Parker, witness in the A. B. Banks bank trial at Little Rock, returned home last. night. He will return to Little Rock again Monday, when the trial will be resumed. Mr. Parker was called as witness as he is liquidating agent of the bank of Osceona. Banks went on tr:al this week, facing six cvharges. Two of the charges are that he received funds knowing that the American Exchange Trust company was insolvent. He was head of a chain of banks throughout the state.


Article from The Sun, July 23, 1932

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Article Text

BANK RECEIVER TAKEN BY DEATH Finis Miller, Receiver For Four Eastern Arkansas Banks, Passes. Finis Miller, receiver for the Citizens Bank of Monette, the First State Bank of Osceola, the Bank of Osceola and the Bank of Leachville, died this morning at two o'clock at his home in Rogers, Ark. stroke of paralysis suffered last Thursday proved fatal to him. Nathan Deutsch, assistant under Mr. Miller in the bank liquidations, received message here this morning announcing the death. He will to Rogers tomorrow to attend the funeral which will be held at three o'clock tomorrow afternoon. Mr. Miller was past grand commander of the Masonic Lodge of Arkansas. He was brother-in-law of Senator Joe T. Robinson.


Article from Joplin News-Herald, July 25, 1932

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Article Text

FUNERAL HELD FOR ARKANSAS BANK RECEIVER Special to The News Herald Rogers, Ark., July Funeral services for Finis E. Miller, 45 years old, widely known Rogers business man, who died at 3 o'clock Saturday morning at his home here, were conducted yesterday afternoon at Presbyterian church, with a Christian Science reader in charge. Masonic burial services were conducted at the grave in Rogers cemetery. Mr. Miller, son of the late A. W. Miller. first Rogers merchant. and youngest of the seven Miller brothers. suffered stroke of paralysis a week ago. Extreme heat in southern Arkansas where for several months he had been engaged as receiver in the liquidation of defunct banks. was believed to have caused the stroke. High Masonic Officer. Active in Masonic lodges for many years, Mr. Miller served last year as grand commander of the Knights Templar of Arkansas. At his death he was deputy grand master of the grand lodge of Arkansas, A. F & A. M. He was a past president of the Rogers Community Club and the Kiwanis Club, and was recognized as a leader in movements for good roads in northwest Arkansas Educated at the Rogers academy. Mr. Miller married Miss Lizzie Hawkins twenty-two years ago. He began work as an express agent here. For many years he was cashier of the Farmers' State bank, serving at that institution until it closed last year. He became receiver for a bank at Osceola, Ark., and several other smaller banks in that section about six months ago. Surviving are his widow, sister, Miss Maud Miller, and six brothers. Horton, Arthur and Horace Miller of Rogers, Hugh Miller of Sand Springs, Okla., John Miller of Berkeley. Calif., and Claude Miller of Monett. Mo. W. C. T. U. Meeting Postponed. The Duenweg W C. T. U. will meet at 2 o'clock Thursday after noon at the Methodist Episcopal church. The meeting previously was scheduled for tomorrow afternoon.


Article from The Courier News, July 26, 1932

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Article Text

Herbert Parker and McDearman orsed for Osceola Post. OSCEOLA Ark., July groups of depositors of the funct First State Bank and Bank of Osceola were circulating petitions to the state bank commitsskiners here yesterday seeking the appointment of successor to Finis E. Miller, receiver for the denly at his home In Rogers. Cne petitioner seeks appointment of Herbert Parker of Jonesboro, who was receiver for the First State Bank prior the fanof the Bank of when he resigned the position and Mr. Miller appointed 10 houdle the affairs of both banks. The other petition seeks pointment of McDearman cashier of the Bank of Luxora. Mr. Miller. former cashier of the Bank of Rogers. was named recelver for Bank of Osceola following its closing here last December. and shortly afterward also took over the affairs of the de funct First State Bank of Osceola While visiting family Regers few days ago sutfered stroke of appplexy and died Sunday morning. Nathan Deatsch. who has been associated with Mr. Miller here since als appointment last fall. temporarily charge of affairs of the two Institutions.


Article from Monette Weekly Sun, July 27, 1932

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Article Text

BANK RECEIVER TAKEN BY DEATH Finis Miller, Receiver For Four Eastern Arkansas Banks, Passes. Finis Miller, receiver for the Citizens Bank of Monette, the First State Bank of Osceola, the Bank of Osceola and the Bank of Leachville, died this morning at two o'clock at his home in Rogers, Ark. A stroke of paralysis suffered last Thursday proved fatal to him. Nathan Deutsch, assistant under Mr. Miller in the bank liquidations, received a message here this morning announcing the death. He will to Rogers tomorrow to attend the funeral which will be held at three o'clock tomorrow afternoon. Mr Miller was past grand commander of the Masonic Lodge of Arkansas. He was a brother-in-law of Senator Joe T. Robinson.


Article from The Courier News, August 26, 1932

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Article Text

Dermott Man Appointed Osceola Bank Receiver Lockhart of has been appointed Houldating agent of the Bank of according yesterday by E. state bank commis- Lockhart succeeds the late Finis Miller of Rogers who died sevweeks ago. Lan member of the state highway commission and Chairman Dwight was president of the Mr. Blackwood criticized the banking department during campaign for governor for what termed and waste liquidating banks and cited the Bank of in particular an example. He said was costconsiderably more to than operate going Institution