State Bank - Bowling Green, FL

Episode Information

Episode UID: 1853237291555
Episode Type: Suspension → Closure
Bank Type: state
Bank ID: 185323729 hash
Start Date: July 18, 1929
Location: Bowling Green, Florida (27.638, -81.824)

Metadata

Model: gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest: 66d086b76c06eeaf

Response Measures

None

Description

Article reports the bank failed to open on July 18, 1929 but gives no follow-up about reopening; permanence uncertain.

Events (1)

1. July 18, 1929 Suspension

Cause: Local Shock
Cause Details: Public nervousness tied to the Mediterranean fruit fly situation led to widespread bank closures in Florida
Newspaper Excerpt: the state bank of Bowling Green, Fla., had failed to open its doors this morning
Source: newspapers

Newspaper Articles (1)

1. July 18, 1929 Kingsport Times Kingsport, TN

Article from Kingsport Times, July 18, 1929

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Article Text

PROMISE ALL MONEY SITUATION REQUIRES Aggregate Deposits Banks Which Closed in Florida Yesterday Estimated More Than $22,500,000. TALLAHASSEE, Fla., July 18. (AP)— The state banking department announced that the state bank of Bowling Green, Fla., had failed to open its doors this morning, being the sixteenth bank to fail in the state during the past two days. The capital and surplus of the Bowling Green bank were listed at $43,000, deposits $300,390.55 and assets $426,168.41. Bowling Green is located on the county line between Hardee and Polk counties, south of Bartow. TAMPA, Fla., July 18. (AP) — Presence of $5,000,000 in cash sent here from the Atlanta federal reserve bank and promise of a federal reserve official of "all the money needed to meet the situation" was expected today to bolster Florida bankers and business men in their efforts to restore public confidence in the banking institutions of the state, of which 15 in this section closed yesterday. Twenty three banks have closed in Florida in the last two weeks. Aggregate deposits of those which suspended business yesterday was estimated to be more than $22,500,000. Federal authorization for two $1,000,000 currency depots in the state—one here and one at Miami—and the expressed opinion of federal officials in Washington that the recent closing of Florida banks was attributable more to nervousness of the people because of the mediterranean fruit fly situation than to any fundamental weakness in the banks was expected by local bank officials to aid what they said was increasing confidence of depositors in banks of this section. Comptroller Ernest Amos yesterday declared he be- (Continued on page four)