1923. First State Bank (Clermont, FL)

Bank Information

Episode Type
Suspension โ†’ Closure
Bank Type
state
Start Date
September 28, 1926
Location
Clermont, Florida (28.549, -81.773)

Metadata

Model
gpt-5-mini
Short Digest
c630b317fe188615

Response Measures

None

Description

Articles indicate First State Bank (Clermont, FL) had previously reopened (listed as reopened 1926-09-28) but by Feb 1930 had suspended there some time ago. A newly chartered State Bank of Clermont took over the affairs and will open, implying the original First State Bank remained closed and was taken over. Exact suspension date is not given in the provided articles.

Events (3)

1. September 28, 1926 Other
Newspaper Excerpt
First State Bank Clermont, ClerSept 28, 1926 (listed among reopened banks).
Source
newspapers
2. February 22, 1930 Other
Newspaper Excerpt
Charter for the opening of new bank at Clermont was granted today by the state banking department. The bank... took over the affairs of the First State bank... The new bank will open Monday.
Source
newspapers
3. * Suspension
Cause Details
Article only states the First State Bank suspended there some time ago; no cause given.
Newspaper Excerpt
The bank, to be known as the State Bank of Clermont, took over the affairs of the First State bank which suspended there some time ago.
Source
newspapers

Newspaper Articles (3)

Article from The Palm Beach Post, June 1, 1927

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Article Text

FIRST AMERICAN HERE ADDS GRATIFICATION Twenty-five Banks Closed In State Are Reopened In Last Nine Months BANK OPENS May thority has been granted the People's Bank, St. Cloud to reopen was announced today the state banking department. The bank pended operations sometime ago. By the Associated Press May by the state banking the rapid succession of bank reopenings taking Reopening of the Bank of Orange Trust and the American Bank and of West Palm the latest of the institutions announce resumption of business satisfaction here by the department officials. The was declared. has due largely operative efforts extended among banking department officials and heads the institutions, and excellent prevailing among the public Particularly the latter, such progress could not be accomplished, was stated. Since banks had have reopened. according to revised list compiled by banking department heads. Two other institutions and later closed Following list of the reopened banks of the state, their location. and the date their repoening: Citizens Bank of Bushnell, Bushnell, Feb. 1927 Delray Bank and Bank and St. Oct. Bank County Sept. 14. Bank Dade City, Dade City, Palatka Bank and Trust company, Palatka, Bank GroveDec. Bank of Umatilla, Umatilla, 1926: First State Bank Clermont, ClerSept 28, 1926 Citizens Bank Eustis, Oct. 1926: Bank Mount Dora, Mount Dora, Sept. 1926: Bank of Aug. 24, 1926 Bank of OakOct. Bank of Live Oak. Live Oak, Sept. Bank Sept. 13, 1926 Lake Butler, Dec. Bank of Monticello, 14, 1926: Polk County Trust Lakeland. 28, State Bank. Lake 1926: East Florida Stuart Bank and Trust company. Stuart, Oct. 1926: People's Bank Sept 1926: Palmetto State Bank. Palmetto, May 19. 1927: Bank Orange and Trust company. Orlando, May 23. 1927, and First American Bank and Trust company. West Palm Beach, May


Article from The Tampa Tribune, February 22, 1930

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Article Text

Charter Granted For Clermont Bank TALLAHASSEE, Feb. Charter for the opening of new bank at Clermont was granted today by the state banking department The bank, to be known as the State Bank of Clermont, took over the affairs of the First State bank which suspended there some time ago. The new bank will open Monday. C. O. Roe, of Clermont is president.


Article from The Palm Beach Post, February 23, 1930

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Article Text

FLORIDA CITY TO GET BANK Tallahassee, Feb. 22.-AP-Charter for the opening of new bank at Clermont was granted Friday by the state banking department. The bank, known as the State Bank took over the affairs of the First State Bank, which suspended there some time ago, organizing institu with new capitalization. The new bank will open Monday. C. O. Roe of Clermont is president.