Speermoore State Bank (Laverne, OK)

Episode Information

Episode UID
86088071498
Episode Type
Suspension → Closure
Bank Type
state
Bank ID
8608807 routing
Routing Number
86-0880
Start Date
October 20, 1924
Location
Laverne, Oklahoma (36.710, -99.893)

Metadata

Model
gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
bfabea785d411ce5

Response Measures

None

Description

Receiver named and paying dividends indicates permanent closure under receivership.

Events (3)
1. October 20, 1924 Suspension
Cause
Government Action
Cause Details
Bank suspended October 20, 1924 and placed in receivership
Newspaper Excerpt
The bank was suspended October 20, 1924
Source
newspapers
2. May 15, 1925 Receivership
Newspaper Excerpt
the first dividend of ten per cent was paid on May 15, 1925.
Source
newspapers
3. April 1, 1926 Receivership
Newspaper Excerpt
O. L. Callaway, receiver for the Speermoore State Bank of Laverne, paid a second dividend of ten per cent to the creditors last Saturday.
Source
newspapers

Newspaper Articles (2)
1. April 1, 1926 The Harper County Journal Buffalo, OK
Article from The Harper County Journal, April 1, 1926

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Article Text

Receiver Pays Second Dividend O. L. Callaway, receiver for the Speermoore State Bank of Laverne, paid a second dividend of ten per cent to the creditors last Saturday. The bank was suspended October 20, 1924, and the first dividend of ten per cent was paid on May 15, 1925.

2. April 4, 1926 The Enid Morning News Enid, OK
Article from The Enid Morning News, April 4, 1926

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Article Text

DIVIDEND PAID BY SPEERMORE BANK Speciar The News. BUFFALO, April 3.-A second dividend of ten percent was paid to creditors of the Speermoore State Bank of Laverne this week by O. L. The bank suspended business on October 20, 1924, and the first ten percent dividend was paid on May 15, 1925.