Bank of Commerce (Weleetka, OK)

Episode Information

Episode UID
86122571559
Episode Type
Suspension → Closure
Bank Type
state
Bank ID
8612257 routing
Routing Number
86-1225
Start Date
November 27, 1929
Location
Weleetka, Oklahoma (35.336, -96.136)

Metadata

Model
gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
1d442a70330a64df

Response Measures

None

Description

OCR spelling corrected (Welettka -> Weleetka).

Events (2)
1. November 27, 1929 Suspension
Cause
Bank Specific Adverse Info
Cause Details
Death of H. A. McCauley, principal stockholder, prompted the banks not to open.
Newspaper Excerpt
twelve state banks failed to open their doors today... and the Bank of Commerce, Welettka
Source
newspapers
2. January 3, 1930 Receivership
Newspaper Excerpt
Sale of assets of the failed Bank of Commerce of Weleetka to the National bank ... has been approved formally by the Okfuskee county district ... The bank is one twelve which failed November ... following the death of McCauley ... The bank, under the contract ... will pay depositors ... and will pay outstanding drafts and Cashier's checks (excerpted).
Source
newspapers

Newspaper Articles (2)
1. November 27, 1929 Oakland Tribune Oakland, CA
Article from Oakland Tribune, November 27, 1929

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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. January 3, 1930 The Guthrie Daily Leader Guthrie, OK
Article from The Guthrie Daily Leader, January 3, 1930

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Article Text

SOLD Is One Twelve Which Failed November 27 Oklahoma City, Jan. Sale of assets of the failed Bank of Commerce of Weleetka to the National bank of has been approved formally by the Okfuskee county district Alexander, assistant state bank comThe bank is one twelve which failed November following the death of McCauley of Sa. pulpa, chief stockholder them. The bank. under the contract with the banking dewill depositors the and, addition, will pay outstanding drafts and Cashier's checks