2188. Sumter County State Bank (Webster, FL)

Bank Information

Episode Type
Suspension → Closure
Bank Type
state
Start Date
January 29, 1921
Location
Webster, Florida (28.610, -82.055)

Metadata

Model
gpt-5-mini
Short Digest
a51e3db74ae3a2c4

Response Measures

None

Description

Comptroller closed the Sumter County State Bank at Webster and appointed a receiver (Jan 28–29, 1921). Closure attributed to slow loan collections due to crop conditions and reduced reserves; no run is described in the articles.

Events (1)
1. January 29, 1921 Suspension
Cause
Local Shock
Cause Details
Slow collections on loans due to crop conditions and a reduction of the bank's reserves; comptroller closed the bank and appointed a receiver.
Newspaper Excerpt
The comptroller has closed the doors of the Sumter county state bank at Webster and appointed a receiver for the institution.
Source
newspapers

Newspaper Articles (2)
1. January 29, 1921 Palatka Daily News Palatka, FL
Article from Palatka Daily News, January 29, 1921

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Article Text

SUMTER COUNTY STATE BANK ORDERED CLOSED. Tallahassee, Jan. 29-The comptroller has closed the doors of the Sumter county state bank at Webster and appointed a receiver for the institution. Slow collections on loans due to crop conditions and a reduction of the bank's reserves caused this action to be taken. It was stated that the deposits in that the lossthe bani natirible

2. January 29, 1921 The Birmingham Age-Herald Birmingham, AL
Article from The Birmingham Age-Herald, January 29, 1921

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Article Text

Florida Bank Is Closed By Associated Press Tallahassee, Fla., January 28.-The comptroller has closed the doors of the Sumter Copnty State bank at Webster and appointed a receiver for the institution. Slow collections on loans, due to crop conditions, and a reduction of the bank's reserves caused this action to be taken, the comptroller said. He alac stated that the losses will be negligible