Faxon State Bank (Faxon, OK)

Episode Information

Episode Type
Suspension → Closure
Start Date
December 17, 1935
Location
Faxon, Oklahoma (34.457, -98.579)
Bank Type
state
Routing Number
86-0745

Metadata

Episode ID
Bank ID
City ID
401092779
Model
gpt-5-mini
Short Digest

Notes

Described among six closed banks receiving dividends from the state banking department.

Events (2)
1. December 17, 1935 Receivership
Newspaper Excerpt
Faxon State bank, second dividend of 50 per cent, amounting to $6,349, payable today; total to date, 75 per cent.
Source
newspapers
2. * Suspension
Cause
Government Action
Cause Details
Closed and placed under state banking department control/receivership; dividends authorized by state banking department.
Newspaper Excerpt
DEPOSITORS in six closed banks had a cheerful Christmas outlook Monday, with the state banking department authorizing dividend payments.
Source
newspapers

Newspaper Articles (2)
1. December 17, 1935 Tulsa World Tulsa, OK

Article Text

Depositors Get Christmas Gift Of Bank Funds

Six Defunct Oklahoma Institutions Announced Payment of Dividends

By the Associated Press.

DEPOSITORS in six closed banks had a cheerful Christmas outlook Monday, with the state banking department authorizing dividend payments.

The following dividends were authorized:

American Bank and Trust company, Ardmore, fifth dividend of 15 per cent, payable December 21, amounting to $82,415, making a total paid to date 77 1/2 per cent.

Citizens State bank of Lamont, fifth dividend of 10 per cent, amounting to $11,088, payable December 20, through the Security bank of Blackwell; total to date, 75 per cent.

Garfield County bank of Enid, fifth dividend of 3 per cent, amounting to $12,622, payable December 21; total to date, 28 per cent.

First State bank of Davidson, third dividend of 10 per cent, amounting to $6,873, payable December 21; total to date, 65 per cent.

Citizens State bank of Altus, eighth dividend of 5 per cent, amounting to $6,247, payable today.

Faxon State bank, second dividend of 50 per cent, amounting to $6,349, payable today; total to date, 75 per cent.

2. December 17, 1935 Tulsa World Tulsa, OK

Article Text

American Bank and Trust company, Ardmore, fifth dividend of 15 per cent, payable December 21, amounting to $82,415, making a total paid to date 77 1/2 per cent.

Citizens State bank of Lamont, fifth dividend of 10 per cent, amounting to $11,088, payable December 20, through the Security bank of Blackwell; total to date, 75 per cent.

Garfield County bank of Enid, fifth dividend of 3 per cent, amounting to $12,622, payable December 21; total to date, 28 per cent.

First State bank of Davidson, third dividend of 10 per cent, amounting to $6,873, payable December 21; total to date, 65 per cent.

Citizens State bank of Altus, eighth dividend of 5 per cent, amounting to $6,247, payable today.

Faxon State bank, second dividend of 50 per cent, amounting to $6,349, payable today; total to date, 75 per cent.