2124. Bank of Sarasota (Sarasota, FL)

Bank Information

Episode Type
Suspension → Closure
Bank Type
state
Start Date
August 29, 1932
Location
Sarasota, Florida (27.336, -82.531)

Metadata

Model
gpt-5-mini
Short Digest
4f54dc0af13574f8

Response Measures

None

Description

Multiple August 1932 newspaper reports state the Bank of Sarasota failed to open for business/closes its doors. No articles mention a depositor run; the closure is reported by the state banking department, indicating action by regulators. There is no explicit mention of reopening or receivership in the provided clippings, so I classify as suspension leading to closure (suspension_closure). OCR errors in articles (e.g., missing words) were corrected when quoting snippets.

Events (2)
1. August 29, 1932 Suspension
Cause
Government Action
Cause Details
State banking department reported the bank failed to open for business, indicating regulatory closure/suspension by state authorities.
Newspaper Excerpt
The banking department of the state office today reported that the Bank of Sarasota failed open for business today.
Source
newspapers
2. August 30, 1932 Suspension
Cause
Government Action
Cause Details
State comptroller's/banking department announcement that the bank failed to open, corroborating regulator-ordered suspension/closure.
Newspaper Excerpt
Bank Fails To Open ... the state comptroller's office today announced the Bank [of] Sarasota failed [to] open for business today.
Source
newspapers

Newspaper Articles (3)
1. August 29, 1932 Tallahassee Democrat Tallahassee, FL
Article from Tallahassee Democrat, August 29, 1932

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Article Text

BANK OF SARASOTA FAILS OPEN DOORS The banking department of the state office today ported that the Bank of Sarasota failed open for business today. The bank was capitalized and on July 30 reported deposit. Gill Charles Pickett. cashier: and John Ringling. the owner. of the

2. August 30, 1932 The Orlando Sentinel Orlando, FL
Article from The Orlando Sentinel, August 30, 1932

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Article Text

Bank Fails To Open Aug. banking department the state comptroller's office today announced the Bank Sarasota failed open for busitoday. The bank's condition report of June 30 gave depesits $732,099.60. capitalized $100,000. Gill president, Charles Pickett, cashier, and John Ringling, the circus director.

3. August 30, 1932 Tampa Bay Times St. Petersburg, FL
Article from Tampa Bay Times, August 30, 1932

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Article Text

Bank of Sarasota Closes Its Doors Aug. The banking the today that Bank of Sarasota failed open for today The capitalized at and on July 30 reported $732 on deposit. was president: H. John Ringling, the circus owner, one of the