Albion State Bank
| Company type | Private |
|---|---|
| Industry | Banking |
| Founded | 1910 |
| Founder | John T. Bailey |
| Defunct | 1927 |
| Fate | Moved to Talihina, Oklahoma |
| Headquarters | Albion, Oklahoma , United States |
| Products | Banking services |
Albion State Bank was a notable historic structure situated in Albion, Oklahoma, nestled within the rural Kiamichi Mountains of northeastern Pushmataha County, Oklahoma.
History
Erected in 1910 amid the optimistic economic climate following Oklahoma's statehood, the bank symbolized the community's faith in agriculture and timber industries, which were vital to Albion's economy. The local railroad station functioned as a critical timber distribution center, fueling the town's swift initial development.
The bank was founded by John T. Bailey, who also named the town, and was positioned at the northwest corner of the public square—currently divided by U.S. Highway 271—at Pearl Street. Edgar Bailey, John's brother, maintained a dental practice in the building’s rear section. Although early prospects appeared favorable, Albion struggled to maintain commercial viability, leading Bailey to move the bank to Talihina, Oklahoma around 1927.
Building
After remaining unused until 1930, the property was purchased by local entrepreneur J.M. Armstrong, who operated a grocery store there until 1950. Subsequently, he converted the space into his home until his passing in 1963; his widow continued residing there until 1972. In 1975, ownership transferred to Mrs. Lorene Barnett, who managed several small enterprises on-site.
An architectural assessment conducted in 1979 described the one-story red brick edifice (measuring 40 by 25 feet) as unoccupied yet well-maintained. Distinctive elements included original wooden plank flooring, arched windows, pressed copper ceilings adorned with decorative motifs, and the original bank vault marked “Albion State Bank.” Additionally, a circa 1933 water well was located just outside the rear entrance.
The survey emphasized the building’s “considerable integrity,” citing its sturdy construction and limited modifications, and recommended its inclusion on the National Register of Historic Places.
Further historical details can be accessed through the Pushmataha County Historical Society.
Photo
A photograph of the bank is available at https://www.flickr.com/photos/koknor/4547890020/.