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Saturday, December 31, 2016

Pioneer Abstract & Title Company of Muskogee


1905 - Pioneer was incorporated

1919-06-10 Muskogee Pioneer Abstract and Trust Co. Charterer canceled. Reinstated on 9-20-29

1976-06-01 Muskogee Pioneer Abstract and Trust Co. Changed name - Pioneer Savings and Trust Company

1987-02-09 Muskogee Pioneer Savings and Trust Co. Closed by order of the commissioner and charter was sold to Nathan’s Southwestern Trustee Co.
Sale of Pioneer Savings assets approved

The sale of the last of the assets of the failed Pioneer Savings and Trust Co. was approved Wednesday, paving the way for a final distribution to former depositors of the uninsured firm.
The Oklahoma Banking Board approved an application to operate a trust company, which solidified the sale of Pioneer's charter to Nathans South Western Trustee Co., a subsidiary of the Australian firm Nathans Ltd., which is involved in merchant banking.

Pioneer was incorporated in 1905, which is two years before statehood.
Mr. Frank S. Sadler bought the controlling interest and became President
in 1930. He ran the company until his death during World War II. His wife
Elsie and the daughter Louise ran the company until the elder son returned
from his naval service at the end of the war. Mr. F. Kenneth Sadler along
with his mother ran the company for a few years before being joined by his
sister Betty Eleanor Ramage and her husband Isaac.They ran the company 
until 1976.

They had invited Bob Luttrull, son-in-law of Betty Eleanor and Isaac, to join
the company in 1972 and he became president effective January 1, 1976
after buying out all the outstanding shares of stock. Betty Luttrull, daughter
of Betty Eleanor is the third generation in the business. She joined Pioneer
in August 1976. Betty and Bob's son Mark Luttrull joined the company in
1989; he is fourth generation.


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