Article Text
The Citizens bank of Mayo has . been forced to suspend for advancing more money on school warrants than it could realize on. For its patriotism the citizens of Mayo should have rushed to its aid to a man.
2020. Citizens Bank (Mayo, FL)
Bank Information
- Episode Type
- Suspension → Closure
- Bank Type
- state
- Start Date
- May 27, 1921
- Location
- Mayo, Florida (30.053, -83.175)
Metadata
- Model
- gpt-5-mini
- Short Digest
edcb460b4f9eb5e4
Response Measures
None
Description
The single article (Ocala Banner, 1921-05-27) states the Citizens Bank of Mayo has been forced to suspend because it advanced more money on school warrants than it could realize on them. No mention of a depositor run or of reopening/resumption is given in the excerpt. I classify the cause as bank-specific adverse information (poor asset quality/over-advancing on warrants). There is no evidence in the provided text of receivership or reopening — suspension appears to be final in this account, so I label the episode as suspension_closure while noting the absence of explicit confirmation of permanent closure or appointment of a receiver.
Events (1)
1.
May 27, 1921
Suspension
- Cause
- Bank Specific Adverse Info
- Cause Details
- Advanced more money on school warrants than it could realize on, producing insolvency/illiquidity.
- Newspaper Excerpt
- The Citizens bank of Mayo has been forced to suspend for advancing more money on school warrants than it could realize on.
- Source
- newspapers
Newspaper Articles (1)
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