Oklahoma State Bank (Guthrie, OK)

Episode Information

Episode UID
86004271467
Episode Type
Suspension → Closure
Bank Type
state
Bank ID
8600427 routing
Routing Number
86-0042
Start Date
March 13, 1922
Location
Guthrie, Oklahoma (35.879, -97.425)

Metadata

Model
gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
8931ed83eba63fd1

Response Measures

None

Events (3)
1. March 13, 1922 Receivership
Newspaper Excerpt
As receiver, C. E. Munn is contesting the claims of Zwick.
Source
newspapers
2. March 13, 1922 Suspension
Cause
Government Action
Cause Details
Bank treated as failed and placed in receivership; receiver contesting state claims to assets.
Newspaper Excerpt
It is likely the old Gresham mills will be operated by the state in order to help swell the assets of failed banks here. ... As receiver, C. E. Munn is contesting the claims of Zwick.
Source
newspapers
3. October 24, 1922 Other
Newspaper Excerpt
The United States government ... brought suit against the state of Oklahoma to recover $42,000 of Indian funds which was on deposit in the defunct Oklahoma State bank of Guthrie.
Source
newspapers

Newspaper Articles (2)
1. March 13, 1922 The Guthrie Daily Leader Guthrie, OK
Article from The Guthrie Daily Leader, March 13, 1922

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Article Text

It is likely the old Gresham mills will be operated by the state in order to help swell the assets of failed banks here. The mill was mortgaged to secure a note given to the Oklahoma State bank. Judge Zwick. assistant attorney general, contends that record of a mortgage assignment in the case was not necessary to be made within a specified period of four months. If he is sustained by the United States court the state will own the mill. As receiver, C. E. Munn is contesting the claims of Zwick.

2. October 24, 1922 The Morning Tulsa Daily World Tulsa, OK
Article from The Morning Tulsa Daily World, October 24, 1922

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Article Text

OKLAHOMA SUED BY U. S. Government Claims Prior Claim to $42,000 In Failed Banks. Special to The World. WASHINGTON, Oct. 23. The United States government through Attorney - General Daugherty and Solicitor - General Beck today brought suit against the state of Oklahoma to recover $42,000 of Indian funds belonging to the five civilized tribes which was on deposit in the defunct Oklahoma State bank of Guthrie. The court after allowing the filing of the suit announced it would be returnable January 2, and in the suit today the government alleged that more than $42.000 has been recovered by the receiver of the bank and the government claims that its claim should be settled before any money is paid to other depositors or creditors of the defunct bank. Daugherty quotes the laws of the United States applying to the depositing of such federal funds and asserts that the federal government has priority over the "assumed rights of the state."