2054. Molino State Bank (Molino, FL)

Bank Information

Episode Type
Run → Suspension → Closure
Bank Type
state
Start Date
July 11, 1920
Location
Molino, Florida (30.724, -87.314)

Metadata

Model
gpt-5-mini
Short Digest
2655671fb8110281

Response Measures

None

Description

Articles report a threatened run that caused the bank not to open (state comptroller took charge 1920-07-11), followed by appointment of receivers (receiver appointed Aug 1920) and subsequent receiver actions through 1921 (lawsuits, foreclosure sales). No evidence bank reopened; assets being liquidated—classify as run leading to suspension and permanent closure with receiver.

Events (4)

1. July 11, 1920 Run
Cause
Rumor Or Misinformation
Cause Details
Newspaper states a 'threatened run' led to decision to remain closed; no specific solvency scandal cited, suggesting depositor panic/rumors.
Measures
Bank did not open; notice posted that state comptroller was in charge while accounts were checked.
Newspaper Excerpt
The Molino State Bank did not open for business yesterday morning and a notice on its doors announced that the state comptroller was in charge A threatened run on the bank is said to have caused the decision to remain closed.
Source
newspapers
2. July 11, 1920 Suspension
Cause
Government Action
Cause Details
State comptroller took charge and the bank remained closed while officials checked accounts following threatened run.
Newspaper Excerpt
The Molino State Bank did not open for business ... the state comptroller was in charge.
Source
newspapers
3. August 27, 1920 Receivership
Newspaper Excerpt
Francis B. Carter, Jr., was appointed receiver for the Molino State Bank, yesterday, and qualified by giving bond. He will enter on his duties today. ... J. S. Reese was appointed receiver for the bank recently, but his plans for reopening the bank were abandoned and he gave his resignation to Mr. Amos yesterday. Mr. Carter's appointment followed immediately . . . . State Comptroller Ernest Amos was in Pensacola yesterday in connection with matters concerning the bank . . . . (Pensacola Journal, 1920-08-27). (edited for brevity). (from Article 2). (Note: this is the confirming language.) . . . (Excerpt in paper). ,
Source
newspapers
4. August 26, 1921 Other
Newspaper Excerpt
Receiver of Molino State Bank Institutes Several Suits for Payment of Notes. ... Francis B. Carter, Jr., as receiver of the Molino State Bank, plaintiff, vs. R. E. Watson and R. J. Watson ... Carter and Yonge are attorneys for plaintiff. As receiver ... has also filed a bill of complaint against M. Semple and wife ... for a promissory note ... . (Pensacola Journal, 1921-08-26). (excerpt). ,
Source
newspapers

Newspaper Articles (12)

Article from The Pensacola Journal, July 11, 1920

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Article Text

MOLINO BANK HAS CLOSED ITS DOORS The Molino State Bank did not open for business yesterday morning and a notice on its doors announced that the state comptroller was in charge A threatened run on the bank is said to have caused the decision to remain closed, Comptroller Amos having been notified the day before to take charge. An announcement will be made as soon as the state officials finish checking the bank's accounts.


Article from The Pensacola Journal, August 27, 1920

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DEMAND SHERIFF WHITAKER'S ARREST Morrow Sets Forth Aims CARTER IS RECEIVER SUFFRAGE WILL MOLINO STATE BANK CHARGE HAD Cox Presents Basis Francis B. Carter, Jr., was Of Valley Association appointed receiver for the MoBE CELEBRATED lino State Bank, yesterday, and FRAME-UP PLA Managing Secretary Foresees qualified by giving bond. He will enter on his duties today. Accomplishment of Great For Attacks on G. 0. P. Those interested in the bank EQUALSUFFRAGE Mayor Sanders Issues ProclamaThings For Gulf Ports. feel that it will pay good diviPeter Delano Applies to Ju tion Calling On All Citizens dends at an early date. Johnson For Warrant O to Join. State Comptroller Ernest Tells Pittsburg Audience That Grounds of Conspiracy. Amos was in Pensacola yesterCONGRESS MUST HELP IS LAW OF LAND day in connection with matters Republican Bulletins Supplied PARIS SEES END concerning the bank. J. S. Incriminating Data. LEADERS ARE JUBILANT Reese was appointed receiver IS AFTERMATH OF RA Voting Strength Twenty-Seven for the bank recently, but his Secretary of State Issues Proclaplans for reopening the bank Member States Will Be mation Declaring Nineteenth DISPLAYS QUOTA LISTS were abandoned and he gave OF RED BATTLE Brought to Bear. Mrs. Walker Ingraham, PresiAmendment Ratified. his resignation to Mr. Amos yesDelano and Two Others W dent Equal Suffrage League, terday. Mr. Carter's appointArrested Thursday Morning Makes Statement. ment followed immediately. Cities Were Levied Upon By Re For Having Liquor. (By Lucky Baldwin.) Russian Soviets Agree to Revise CONGRATULATES WOMEN "The Mississippi Valley Association publican National Committee Treaty Demands to Conform


Article from The Pensacola Journal, August 26, 1921

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# SUITS FILED IN # CIRCUIT COURT Receiver of Molino State Bank Institutes Several Suits for Payment of Notes. The following suits have been filed in the office of the clerk of the circuit court: Richard Gaston, plaintiff, vs. The Pensacola Shipbuilding Company, defendant, damages for $3,000. Forsythe Caro, attorney for plaintiff. Standard Motors Finance Company, Inc., vs. H. J. Quina and E. W. Peake, under the firm name of United Auto Sales Company, Pattillo Campbell, attorney for plaintiff. Francis B. Carter, Jr., as receiver of the Molino State Bank, plaintiff, vs. R. E. Watson and R. J. Watson, defendants. In default of payment of a $400 promissory note, $600 is asked for. Carter and Yonge are attorneys for plaintiff. As receiver of the Molino State Bank, Francis B. Carter, Jr., has also filed a bill of complaint against M. Semple and wife, Rena C. Semple, for a promissory note for $2,160 and against J. W. Underwood and wife, Nettie Underwood for a $250 note and against J. W. Underwood for a $400 note.


Article from The Pensacola Journal, September 13, 1921

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# CRIMINAL DOCKET # COURT OF RECORD Judge C. Moreno Jones, in the court of record, was busy yesterday setting cases on the criminal docket. This, with the hearing of a number of pleas consumed the entire day. The criminal docket will consume the time of the court up to and including October 4. The civil docket will extend the time of the court probably a couple of weeks longer. An echo of the failure of the Molino State bank will be heard on September 21, when the cases against W. T. Earnest and M. Semple will come before the court. Charges against A. Suggs, Sam Paine and Will Smith were nolle prossed. Bonds of Jesse Garner and Ernest Crumbs were estreated and a capias issued. Henry C. Williams plead guilty to evading railroad fare and was given a suspended sentence. Nathaniel Thomas, profanity, given costs or 30 days in jail. Sim Watts got the same dose for the same offense. Alvin O'Bannon, drunkenness, $10 and costs or 30 days. Robert Mayes, malicious mischief, six months in the county jail. Roy Wood, drunkenness, $25 or 60 days in the county jail.


Article from The Pensacola Journal, September 16, 1921

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Article Text

# Cardinals Win on Smith's Homer. ST. LOUIS, Sept. 15-Smith's home run in the third inning with Lavan on base gave St. Louis the final game of the season with Brooklyn today, 2 to 1. Score: Brooklyn .................000 000 100-1 4 1 St. Louis .................002 000 00x-2 6 1 Grimes and Miller; Haines and Clemons. NEWS OF RECORD DEEDS. (Title Guarantee Company. Elizabeth P. Barnes and husband to Ruby P. Phillips, Aug. 27, 1919, $100 and other, N half of E half of lot 8, and N half of lots 9 and 10 in block 101, New City tract. Molino Canning Co., a corp., by master to receiver of Molino State bank, property in secs. 40 and 36, tps. 2 and 3, N R 30 west.


Article from The Pensacola Journal, October 8, 1921

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Article Text

VERDICT FOR PLAINTIFF IN 'MOLINO BANK CASE In the court of record yesterday the case of F. B. Carter, Jr., receiver for the Molino State Bank against Harvey Hobby was settled by a default of judgment. The plaintiff received a verdict of $118.67.


Article from The Pensacola Journal, October 9, 1921

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MOLINO Miss Reddith spent last Week end in Century with her aunt, Miss Kennon. Archie Morgan spent last Sunday with home folks. Mr. and Mrs. J. H. Daffin spent last Sunday in Pensacola with Mrs. Daffin's brother, Mr. J. L. Spare. C. S. Matthews and Mr. McGlaun Brigman, of Westville, spent a few days here the first of the week with his sons, L. F. and B. W. Matthews. Mrs. J. M. Holly spent last Saturday in Pensacola with friends. L. F. Matthews and wife were called to Bonifay last Sunday to see Mrs. Matthews' little neice, who is very sick. Mr. Matthews came back Sunday night, but Mrs. Matthews is spending the week over there. Francis B. Carter, Jr., receiver of the Molino State bank, was in Molino


Article from The Pensacola Journal, October 14, 1921

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MOLINO BANK RECEIVER OBTAINS $500 VERDICT Damages to the extent of $451.92, for principal, with $64.65 interest, was the verdict for the plaintiff, in the case of Francis B. Carter, Jr., as receiver of the Molino State Bank, against R. E. Watson and R. J. Watson. The case of Virgie O'Farrell, of the northern part of the county, against Robert Gresham, in which it was sought to establish the fact that Gresham was the father of her two months old child, was continued until Friday morning.


Article from The Pensacola Journal, October 15, 1921

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SPECIAL MASTER'S SALE By virtue of a decree of foreclostire from the Circuit Court of Escambia County, Florida, in favor of Francis B. Carter, Jr., as Receiver of the Molino State Bank, against M. Semple and Rena C. Semple, I shall expose to public sale to the highest cash bidder before the courthouse door in the City of Pensacola in said County of Escambla on Monday, November 7th, A. D., 1921, within the legal hours of sale, the following described real estate situated in said county, towit: Lots Seven and Eight and also Lots One and Two, all in Block Q. Jacobi Addition to the Town of Molino, in said county. Purchaser to pay for conveyance. C. L. SHINE. Special Master.


Article from The Pensacola Journal, October 22, 1921

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By virtue of a decree of foreclosure from the Circuit Court of Escambia County. Florida, in favor of Francis B. Carter Jr., as Receiver of the Molino State Bank, against M. Semple and Rena C. Semple, I shall expose to public sale to the highest cash bidder before the courthouse door in the City of Pensacola in said County of Escambia on Monday, November 71h, A. D., 1921, within the legal hours of sale, the following described real estate situated in said county, towit: Lots Reven and Eight and also Lots One and Two, all in Block Q. Jacobi Addition to the Town of Molino, in said county, Purchaser to pay for conveyance, C. L. SHINE, Special Master.


Article from The Pensacola Journal, January 13, 1922

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MANY SUITS FILED IN RECORD COURT Divorce Proceedings and Bills For Alimony Continue to Occupy Since the beginning of 1922 quite a number of suits of different descriptions have been filed in the court of record, and it is noticeable that divorce proceedings and bills for allmony continue to occupy considerable time and attention. The suits filed since January 2 are as follows: Gussie Hayden vs. Thomas Hayden, bill for alimony; John Watson vs. O. K. Naval Stores Company, $1,000 damages; Arthur Russ vs. H. Pittman, Sr., $500 damages; Arthur Russ vs. H. Pittman, Jr., $500 damages; R. Sandusky vs. Pearlman & Moskowitz, $800 damages; D. Kugelman & Company vs. B. Testman, doing business as the Seaman's Outfitting Company, garnishment damages, $600; John Peters vs. Emanuel Peters, bill; Chas. T. Wheeler vs. Fred A. Beaumont and Mrs. Fred A. Beaumont, bill; Jennie Williams vs. Gus Williams, bill for alimony; Turner Supply Company vs. Hinman Lumber Company, $500 damages; American Slicing Machine Co. VS. W. T. Mathis, $600 damages: Mary A. Smith vs. Culley H. Smith, divorce; Alice Ellison vs. Albert T. Ellison, divorce; Harriet Meyer and Oscar Meyer, her husband, vs. J. G. Holtzclaw, receiver for the Pensacola Electric Company, $2,900 damages. Some more of them are: Feliciee Morasso, doing business as G. Morasso, vs. Jas. C. Van Pelt and the American Surety Company, $10,000 damages; F. B. Carter, Jr., receiver for the Molino State Bank, petition to sell certain assets; Nellie M. Shiver vs. Fred A. Shiver, bill for alimony; L. W. DeBroux vs. Nettie DeBroux, divorce; Swift & Company vs. J. Sid Bell, attachment damages $900; R. Bruce Summerville vs. Green Fish Company, $750 damages.


Article from The Pensacola Journal, February 12, 1922

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RECENT SUITS IN THE RECORD COURT A Number of Miscellaneous Proceedings Have Been Filed in the Court Recently. The following proceedings have been filed in the court of record recently: Augustus Wright Company vs. B. J. Hudson, $500 damages, Watson & Pasco, attorneys for plaintiff. Chas. A. Born vs. Davis Levy and Minnie Levy, bill. L. L. Fabiniski, attorney for plaintiff. Chas. A. Born vs. Harry Goode and Georgiana Goode, bill. L. L. Fabsinski, attorney for plaintiff. State of Florida vs. Allan Stirling, motion. William Fisher for the state and J. M. Coe for defendant. John S. Beard VS. Max L. Bear, F. F. Bingham, W. A. Leonard, B. R. Coleman and Oscar Collins, $500 damages. John P. Stokes for plaintiff. F. B. Carter, Jr., receiver for the Molino State Bank, petition to sell property to Montgomery & Williams. F. B. Carter, Jr., receiver for the Molino State Bank, petition to assign a judgment of said receiver against W. T. Earnest. James T. Dunn vs. Louisville and Nashville Railway Company, $1,000 damages. John M. Coe, attorney for plaintiff. Lydia Gebhardt vs. Peter Gebhardt, divo. co. Ursula Wright vs. William Mentan Wright, divorce.