1903. First National Bank (Avon Park, FL)

View Charter #10826 on SPMC

Bank Information

Episode Type
Suspension → Closure
Bank Type
national
Bank ID
10826
Charter Number
10826
Start Date
March 3, 1929
Location
Avon Park, Florida (27.599, -81.511)

Metadata

Model
gpt-5-mini
Short Digest
be6eac1c36bc8191

Response Measures

None

Receivership Details

Depositor recovery rate
30.2%
Date receivership started
1929-02-18
Date receivership terminated
1937-03-20
OCC cause of failure
Economic conditions
Share of assets assessed as good
30.9%
Share of assets assessed as doubtful
46.8%
Share of assets assessed as worthless
22.3%

Description

Multiple articles (1929–1934) identify the First National Bank of Avon Park as being in the hands of a federal receiver and describe receiver actions (lawsuits, dividends, property actions, resignation of receiver). There is no mention of a depositor run; the bank was closed and placed in receivership by federal authorities. I therefore classify this as a suspension leading to permanent closure with receivership (suspension_closure). Dates are drawn from article publication dates when explicit event dates are not provided.

Events (6)
1. February 18, 1916 Chartered
Source
historical_nic
2. February 18, 1929 Receivership
Source
historical_nic
3. March 3, 1929 Suspension
Cause
Government Action
Cause Details
Placed in receivership under supervision of the U.S. Treasury / Comptroller; federal receivers appointed for the bank.
Newspaper Excerpt
W. B Crichlow ... has been retained as general counsel by the receivers of the Carlton National bank Wauchula, First National bank Avon Park and First National bank of Punta Gorda.
Source
newspapers
4. July 22, 1930 Receivership
Newspaper Excerpt
Carl E. Lien, as receiver of the First National bank of Avon Park, was given a verdict for $1078 against R. B. Davidson. Harold S. Day, as receiver of the First National bank of Avon Park, got a verdict of $1097 against Mrs. Mary Steel Swearingen ... Albert W. Doepke, as receiver of the First National of Avon Park, was awarded verdict of $1129 against Jessie R. Smith and others. (Tampa Tribune, 1930-07-22 / 1930-12-18 references).
Source
newspapers
5. May 10, 1931 Receivership
Newspaper Excerpt
Doepke, receiver for the First National bank of Avon Park, announced today the ... second 10 per cent dividend, amounting to approximately ... to be paid depositors in the defunct institution. A previous dividend ... was paid last December. Doepke also announced recommendations ... for the Avon Park and Sebring institutions. (Tampa Bay Times, 1931-05-10).
Source
newspapers
6. July 13, 1934 Other
Newspaper Excerpt
SEBRING, July (Special) Announcement was made here today of the resignation Harry Fagin as receiver of national banks at Avon Park, Sebring, Wauchula, Zolfo Springs and Arcadia. His successor has not been named. Fagin, who took over the banks 1932, accepted position with a Fort Myers bank. (Tampa Tribune, 1934-07-13).
Source
newspapers

Newspaper Articles (7)
1. March 3, 1929 The Bradenton Herald Bradenton, FL
Article from The Bradenton Herald, March 3, 1929

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Article Text

Is Representing Bank Receivers W. B Crichlow, a member of the local bar. has been retained as general counsel by the receivers of the Carlton National bank Wauchula, First National bank Avon Park and First National bank of Punta Gorda. The pointment came through F. G. Awalt. deputy comptroller. ar Crichlow is also representing the receiver for the American National bank of Sarasota, Canada spends an estimated $6,000,000 every year for Amer ican publications and only $33,000 a year for British periodicals.

2. May 7, 1929 The Bradenton Herald Bradenton, FL
Article from The Bradenton Herald, May 7, 1929

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Article Text

Crichlow Is Attorney For Bank Receivers W B Shelby Crichlow has just been appointed general counsel and attorney for the receiver of the First National bank of Sebring. This is being under the supervision of the the treasury department of the United States This the fifth receivership of national banks which is being represented by Mr. Crich low general counsel and attor ney The other receivership which he represents American Na tional bank of arasota, First National bank of Punta Gorda. Carlton National bank of Wauchula, and First National bank of Avon

3. July 22, 1930 The Tampa Tribune Tampa, FL
Article from The Tampa Tribune, July 22, 1930

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Article Text

U.S. WINS SUIT FOR DUTY ON IMPORTED TILE Miami Company Must Pay $3000 Damages A lengthy dispute between the United States government and Wilson & Cook. Inc., of Miami, over duty assessed on 200,895 pieces of Spanish roofing tile imported from Cuba for Florida building during the boom came to an end in federal court here yesterday with a default verdict for $3051 against the importing concern. The award was made by a jury in a suit in which the government asked $6000 damages. The tile was imported Jan. 2. 1926, and in November of that year the company paid $936. but refused to pay the rest, the declaration said. The case was first carried to the customs court. but Appraiser Serafin Sanchez of Tampa was upheld by that court. The damage suit was filed last July. One of 17 Suits The tile duty case was one of 17 suits in which the jury assessed awards, all being by default. Today a hearing on bankruptcy petition against the Lakeland Manufacturing company has been set. The case will be argued before jury. The largest award made yesterday was in favor of the American Argicultural Chemical company in the sum of $24,828 against L. M. Pipkin, W. S. Rodgers and J. E. Milton. It was in a suit in which the chemical company sought $25,000 damages for alleged failure to pay promissory note. The note was for $18,901. with $4426 in interest and $1500 attorney fees. Bank Receivers Get Verdicts All other verdicts were for receivers of closed banks against individuals. They follow: L. J. Blakey, as receiver First National bank of Punta Gorda, vs. R. I. Harris. The verdict was for $800 with $152 interest and $145 attorney fees. Receiver Blakey also was given a verdict for $1684. including interest and attorney fees, against G. W. Williams; $605 against Earl D. Farr and D. F. Smoak $1770 against H. G. Murphy: $605 against Farr. and another for $4314 against Farr: $3543 against R. Jack, and $6280 against D. F. Smoak. As receiver of the Carlton National bank of Wauchula, Blakey was awarded a verdict of $762 against L. W. Pace and Nellie M. Close; $609 against Nolan King and G. N. Albritton, and $773 against D. J. Cowart. Carl E. Lien. as receiver of the First National bank of Avon Park, was given a verdict for $1078 against R. B. Davidson. Harold S. Day, as receiver of the First National bank of Avon Park, got a verdict of $1097 against Mrs. Mary Steel Swearingen. As receiver of the First National bank of Sebring, he got $1082 against E. B. Hatton, and as receiver of the same bank. Lien was awarded $4538 against the Val Mar Inc. A. F. Rawlings, as receiver of the First National bank of Sanford. was given verdict for $4085 against James E. Parrott.

4. October 19, 1930 The Tampa Tribune Tampa, FL
Article from The Tampa Tribune, October 19, 1930

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Article Text

Law Named Receiver For Citrus Property J. A. Law, former deputy marshal, was appointed receiver of a grove yesterday by Federal Judge Akerman at the request of Carl E. Lien, receiver of the First National bank of Avon Park, whose attorneys complained that the Suniland Realty company, Roberts and others, defendants in a foreclosure action, had started to pick fruit. The complaint was in form of an affidavit by D. C. McMullen. attorney for the bank's receiver, who alleged that the grove will not sell for enough to cover the mortgage, and that he was advised by the bank's receiver that the defendants were picking the fruit. Law was given full authority to protect the fruit as well as the grove, and all parties to the suit were enjoined from interfering.

5. December 18, 1930 The Tampa Tribune Tampa, FL
Article from The Tampa Tribune, December 18, 1930

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Article Text

Bank Receivers Are Awarded Judgments Verdicts for damages totaling $41.363 were awarded receivers of closed banks in federal court yesterday. the largest being for $31,397 in favor of H. J. Spurway, as receiver of the First National bank of Lakeland, against L. N. Pipkin. Spurway also was given a verdict for $8837 against the Lakeland Manufacturing company and others. Albert W. Doepke, as receiver of the First National of Avon Park, was awarded verdict of $1129 against Jessie R. Smith and others. Harold S. Day, as receiver of the First National bank of Avon Park. won verdict against C. M. Hill. A motion by the United States for judgment was granted by Judge Akerman in the case of Gertrude W. Yowvs. the United States for an income tax refund.

6. May 10, 1931 Tampa Bay Times St. Petersburg, FL
Article from Tampa Bay Times, May 10, 1931

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Article Text

Bank Receiver Orders Dividend SEBRING May W Doepke, receiver for the First Na. tional bank of Avon Park, announced today the of currency had second 10 per cent dividend, amounting to approximately to be paid depositors in the defunct institution. A previous dividend. amounting to nearly $35,000 was paid last December. Doepke also announced recomhad been made second 10 per dividend, amounting approximately to be made depositors in the defunct Sebring National bank The first dividend amounting about $35,000 was paid November Effective Monday, Doepke also he take for the Carlton National bank the American National bank, Sarasota, and the 1Frst National bank of Punta in addito such duties for the Avon Park and Sebring institutions.

7. July 13, 1934 The Tampa Tribune Tampa, FL
Article from The Tampa Tribune, July 13, 1934

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Article Text

SEBRING, July (Special) Announcement was made here today of the resignation Harry Fagin as receiver of national banks at Avon Park, Sebring, Wauchula, Zolfo Springs and Arcadia. His successor has not been named. Fagin, who took over the banks 1932, accepted position with a Fort Myers bank. SEBRING RESIDENTS IN CRASH AVON PARK, July 12.-(Special)Four Sebring residents narrowly escaped serious injury on the Avon Park-Fort Meade road yesterday as their overturned on a curve. James Edge sustained a broken right arm and his wife was injured. M. Sherley, owner the D. Love escaped with bruises. NOTICE OF SPECIAL MASTER'S SALE NOTICE IS HEREBY GIVEN that under and pursuant to the Final cree of Foreclosure and Sale, made and, on 1st of tober, D. 1931, order dated day 1934, in the Court cial Circuit of the State of Florida, in and for County, in Chancery. in that certain cause now therein pending, wherein Northern Central Trust Company, of Pennsylva corporation, is Complainant, and H. Gallagher, Augustus D. Bush, Farms S. C. Abernethy and Isabel C. Abernethy, his wife, Mary H. Abernethy, single, N. Borrego, single, Abernethy, and Amelia Abernethy. his wife, George Marie Dannenhauer his Florence Ellis, a widow. Valentine Franz, single, Hannigan, Hannigan, his wife. W. Klingel and Anna M. Klingel, his wife, LeRoy A. Lamb, and Lamb, his wife. M. Na(nee M. Marongelli) and Joseph Napoli, her husband, Wm. Siband Sibson, wife, Otto Steinacker, Tillie Ullman, Ullman, her husband, A. M. Harrison (nee M. Vendegrift). and Richard Harrison, her husband Palmer Watson, and Hallie B. Watson, wife, James Whitely. Whitely wife. T. Cunningham, and his wife, Easterling, Ethel his wife, H. Fennell, single, J. M. Goehring. and Romaine Goehring. his wife, H. Hauptfuhrer, and Hauptfuhrer, his wife, Albert Hermann, Hermann, his wife, J. C. Hermann, single, and Linton, Miller Emma J. Miller. Thos. Oliver. Oliver, his John W. Phillips, Phillips, his wife Benjamin Ritter, and Ritter, his wife, Jos. Rucker. and Rucker, Alfred Zabel and Zabel. his wife, H. Nolte. and Nolte, his Frank Barthmaier, single, Thomas Clark, and Emma J Clark, his wife. and Mary Ramspacher, and Joseph Ramspacher, her husband, are defendants, the undersigned Special Master, as directed by said said order. and in order and satisfy the same, will offer for sale and sell at public auction to the highest best bidder therefor. before the front door of the County Court House of Hillsborough County, Florida, in the City of Tampa, between the hours of :00 o'clock M. and o'clock P. M., on Monday, the 6th day of August. A. 1934, that of land, situate being the County and State last aforesaid, and particularly described as follows, to-wit: Southwest Quarter of Southwest Quarter Section Thirty-four (34). Twenty-eight (28) South, of Range Eighteen (18) East, and all except the Southwest Quarter the Southwest Quarter of Section Four (4), Township Twenty-nine (29) South, of Range Eighteen East, being Six Hundred Forty (640) acres, more or less. FRANK P. INGRAM. Master in Chancery. WILLIAM HUNTER, and SUTTON, TILLMAN AND REEVES. Attorneys Complainant (7)-6-13-20-27-(8)-3-5t NOTICE TO CREDITORS Notice given that the undersigned has been duly appointed and qualified as executrix of the estate of Harrie Russell Langdon, deceased. All heirs, creditors, legatees, distribuand all other persons having claims or said estate are hereby notified to present them to the County Judge of Hillsborough County at his office at the Court House, Tampa, Florida, properly sworn to within eight calendar months from date hereof or they will be forever barred by All persons indebted to said estate are required come forward and make settlement without delay. Tampa Florida EMMA MAY LANGDON. Executrix. Address 102 E. Virginia St., Tampa, (7)-13-20-27-(8)-3-4t NOTICE CREDITORS Notice is hereby given that the undersigned has been duly appointed and qualified as executrix of the estate of Amanda Reeves, deceased. All heirs, creditors, legatees, distributees, and all other persons claims or demands against said are hereby notified present to the County Judge of Hillsborough County at his office at the Court Tampa, Florida, properly sworn to within eight calendar months from hereof or they will be forever barred by law All persons indebted to said estate required come forward and settlement without delay. Tampa, Florida. 12th. 1934. OCTAVIA E. RICE. Executrix. Address 1020 2nd (7)-13-20-27-(8)-3-4t CLASSIFIED INDEX (A) and Found Travel Notices Where To Dine Detective (B) PROFESSIONAL b-1 Chiropractic Optometrists Insurance Private Sanitarium Drafting (C) Beauty Culture Dancing (D) HELP WANTED Wanted Female Male Wanted Female and Canvassers Agencies (E) SITUATIONS WANTED Situations Wanted Female Situations Wanted Male (F) FINANCIAL Business Business Opps. Wanted Bonds Money To Len Loans $300 Wanted Borrow (G) RENTALS Board Rooms Rooms For Rent Apartments For Houses For Rent Resorts Stores Garages Wanted (H) REAL ESTATE FOR SALE h-1 Residential H-Hyde Park S-Seminole Tampa Heights D-Davis Springs Tampa Tampa Vacant Property Acreage Farms Real Estate For Exchange h-11 Estate (J) ARTICLES FOR For Sale Miscellaneous Swap This That Furniture For -5 Furniture Wanted Sewing Radio and Equipment Machinery Supplies Auction and Wine Supplies (K) BUSINESS SERVICE Repairing Electric Refrigeration Service. Furniture Repairing Heating Plumbing Hats Cleaned and Blocked Shoe Repairing Plating. Welding Cars For Sale Wanted Tractors For Sale Auto Repairing Accessories Radiator Repairing Boats Carburetor Rebuilding Service Auto Used