2200. Bank of Wildwood (Wildwood, FL)

Bank Information

Episode Type
Suspension → Reopening
Bank Type
state
Start Date
July 27, 1930
Location
Wildwood, Florida (28.793, -82.012)

Metadata

Model
gpt-5-mini
Short Digest
32ee0158cb13cf9d

Response Measures

None

Description

Articles report the Bank of Wildwood in Wildwood, FL had been under the state bank examiner's charge for about three weeks and will reopen after a double stock assessment re-established capital. No mention of a depositor run; reopening occurs July 27, 1930. OCR errors in Article 1 corrected (e.g., 'Sherreopen Drawdy' -> 'Sherman Drawdy').

Events (2)
1. July 27, 1930 Reopening
Newspaper Excerpt
Sunday was day of thanksgiving in Wildwood, because tomorrow morning the suspended Bank of Wildwood will be open for business again as usual. Announcement that the bank would reopen was made by Sherman Drawdy, state bank examiner, in charge of the institution for the last three weeks. The bank's capital has been thoroughly re-established by double stock assessment ... O. L. McRae was elected president.
Source
newspapers
2. * Suspension
Cause
Bank Specific Adverse Info
Cause Details
Bank had been closed/suspended and was under the state bank examiner's charge for about three weeks; capital was rebuilt by a double stock assessment (implying capital deficiency prompted suspension).
Newspaper Excerpt
announcement that the bank would reopen was made by Sherman Drawdy, state bank examiner, in charge of the institution for the last three weeks.
Source
newspapers

Newspaper Articles (3)
1. July 28, 1930 The Palm Beach Post West Palm Beach, FL
Article from The Palm Beach Post, July 28, 1930

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Article Text

Wildwood, July day of thanksgiving in Wild wood Bank of Wildwood will suspended open for business again Announcement that the bank would was made by Sherreopen Drawdy, bank examiner, the institution for the charge last three weeks. bank's capital has been re-established double stock assessment and the stockholders, about represent this entire communreopening considered usual individual positors will find their subject the manner the bank pended. None the "frozen" frequently the reopened banks. the bank elected stockholders' meeting Saturday night. McRae electpresident. SIX JAILED FOLLOWING ATTACK ON Mobile, July men woman under here tonight charged attack Deputy Faulk Alf who were injured they sought stop disturbance hall, 14 miles Mobile today. Those arrest George Murphy, 24, Joseph Murphy, Harvey Raymond Des 40, Hutton, man Dodge and Rena The deputies are in pital here.

2. July 28, 1930 Pensacola News Journal Pensacola, FL
Article from Pensacola News Journal, July 28, 1930

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Article Text

Wildwood's Bank To Reopen Today WILDWOOD, Fla., July 27.-(P)Sunday was day of thanksgiving in Wildwood, because tomorrow morning the suspended Bank of Wildwood will be open for business again as usual Announcement that the bank would reopen was made by Sherman Drawdy, state bank examiner, in charge of the institution for the last three weeks. The bank's capital has been thoroughly re-established by double stock assessment. and the new stockholders, about 70 in number, represent this entire community. The reopening is considered unusual in that the individual depositors will find their subject to withdrawal in the same manner as before the bank suspended. None of the money on deposit is "frozen," as is, frequently the case in reopened banks. Officers of the bank were elected at stockholders meeting last night. O. L. McRae was elected president.

3. July 28, 1930 The Atlanta Constitution Atlanta, GA
Article from The Atlanta Constitution, July 28, 1930

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Article Text

Florida Bank Reopens With Deposits Intact W WILDWOOD. Fla., July 27.-(P) ildwood because day of thanksgiving in suspende Bank of will open for as usual Announcement that the bank would reopen made by Drawstate bank examiner. in charge of The for the last three weeks. bank's capital has been thorreestablished double stock the new stockholders. this about 70 in number, repreentire The reopening is considered unusual in that the individual depositors find their accounts subject to the same manner before the bank None of the money deposit is "frozen" frequently the case in reopened Officers of the bank were elected meeting last night. McRae was elected president.