2283. First National Bank (Avon Park, FL)

View Charter #10826 on SPMC

Bank Information

Episode Type
Suspension → Closure
Bank Type
national
Bank ID
10826
Charter Number
10826
Start Date
March 3, 1929
Location
Avon Park, Florida (27.599, -81.511)

Metadata

Model
gpt-5-mini
Short Digest
43982189

Response Measures

None

Receivership Details

Depositor recovery rate
30.2%
Date receivership started
1929-02-18
Date receivership terminated
1937-03-20
OCC cause of failure
Economic conditions
Share of assets assessed as good
30.9%
Share of assets assessed as doubtful
46.8%
Share of assets assessed as worthless
22.3%

Description

Articles from 1929–1931 show the First National Bank of Avon Park was under receivership (defunct) with multiple receivers (Carl E. Lien, Harold S. Day, Albert W. Doepke) and dividend payments to depositors. No contemporaneous newspaper text describes a depositor run; the closure appears to have been effected by receivership (government action). Dates taken from article publication dates where receivership was reported.

Events (7)
1. February 18, 1916 Chartered
Source
historical_nic
2. February 18, 1929 Receivership
Source
historical_nic
3. March 3, 1929 Suspension
Cause
Government Action
Cause Details
Bank placed in receivership under supervision of federal authorities (deputy comptroller involvement reported).
Newspaper Excerpt
W. B Crichlow ... has been retained as general counsel by the receivers of the Carlton National bank Wauchula, First National bank Avon Park and First National bank of Punta Gorda.
Source
newspapers
4. July 22, 1930 Receivership
Newspaper Excerpt
Carl E. Lien, as receiver of the First National bank of Avon Park, was given a verdict for $1078 against R. B. Davidson. Harold S. Day, as receiver of the First National bank of Avon Park, got a verdict of $1097 against Mrs. Mary Steel Swearingen.
Source
newspapers
5. October 19, 1930 Receivership
Newspaper Excerpt
Carl E. Lien, receiver of the First National bank of Avon Park, whose attorneys complained that the Suniland Realty company... Law was given full authority to protect the fruit as well as the grove...
Source
newspapers
6. December 18, 1930 Receivership
Newspaper Excerpt
Albert W. Doepke, as receiver of the First National of Avon Park, was awarded verdict of $1129 against Jessie R. Smith and others. Harold S. Day, as receiver of the First National bank of Avon Park, won verdict against C. M. Hill.
Source
newspapers
7. May 10, 1931 Other
Newspaper Excerpt
Doepke, receiver for the First National bank of Avon Park, announced today the second 10 per cent dividend, amounting to approximately ... to be paid depositors in the defunct institution.
Source
newspapers

Newspaper Articles (6)
1. March 3, 1929 The Bradenton Herald Bradenton, FL
Article from The Bradenton Herald, March 3, 1929

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Article Text

Is Representing Bank Receivers W. B Crichlow, a member of the local bar. has been retained as general counsel by the receivers of the Carlton National bank Wauchula, First National bank Avon Park and First National bank of Punta Gorda. The pointment came through F. G. Awalt. deputy comptroller. ar Crichlow is also representing the receiver for the American National bank of Sarasota, Canada spends an estimated $6,000,000 every year for Amer ican publications and only $33,000 a year for British periodicals.

2. May 7, 1929 The Bradenton Herald Bradenton, FL
Article from The Bradenton Herald, May 7, 1929

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Article Text

Crichlow Is Attorney For Bank Receivers W B Shelby Crichlow has just been appointed general counsel and attorney for the receiver of the First National bank of Sebring. This is being under the supervision of the the treasury department of the United States This the fifth receivership of national banks which is being represented by Mr. Crich low general counsel and attor ney The other receivership which he represents American Na tional bank of arasota, First National bank of Punta Gorda. Carlton National bank of Wauchula, and First National bank of Avon

3. July 22, 1930 The Tampa Tribune Tampa, FL
Article from The Tampa Tribune, July 22, 1930

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Article Text

U.S. WINS SUIT FOR DUTY ON IMPORTED TILE Miami Company Must Pay $3000 Damages A lengthy dispute between the United States government and Wilson & Cook. Inc., of Miami, over duty assessed on 200,895 pieces of Spanish roofing tile imported from Cuba for Florida building during the boom came to an end in federal court here yesterday with a default verdict for $3051 against the importing concern. The award was made by a jury in a suit in which the government asked $6000 damages. The tile was imported Jan. 2. 1926, and in November of that year the company paid $936. but refused to pay the rest, the declaration said. The case was first carried to the customs court. but Appraiser Serafin Sanchez of Tampa was upheld by that court. The damage suit was filed last July. One of 17 Suits The tile duty case was one of 17 suits in which the jury assessed awards, all being by default. Today a hearing on bankruptcy petition against the Lakeland Manufacturing company has been set. The case will be argued before jury. The largest award made yesterday was in favor of the American Argicultural Chemical company in the sum of $24,828 against L. M. Pipkin, W. S. Rodgers and J. E. Milton. It was in a suit in which the chemical company sought $25,000 damages for alleged failure to pay promissory note. The note was for $18,901. with $4426 in interest and $1500 attorney fees. Bank Receivers Get Verdicts All other verdicts were for receivers of closed banks against individuals. They follow: L. J. Blakey, as receiver First National bank of Punta Gorda, vs. R. I. Harris. The verdict was for $800 with $152 interest and $145 attorney fees. Receiver Blakey also was given a verdict for $1684. including interest and attorney fees, against G. W. Williams; $605 against Earl D. Farr and D. F. Smoak $1770 against H. G. Murphy: $605 against Farr. and another for $4314 against Farr: $3543 against R. Jack, and $6280 against D. F. Smoak. As receiver of the Carlton National bank of Wauchula, Blakey was awarded a verdict of $762 against L. W. Pace and Nellie M. Close; $609 against Nolan King and G. N. Albritton, and $773 against D. J. Cowart. Carl E. Lien. as receiver of the First National bank of Avon Park, was given a verdict for $1078 against R. B. Davidson. Harold S. Day, as receiver of the First National bank of Avon Park, got a verdict of $1097 against Mrs. Mary Steel Swearingen. As receiver of the First National bank of Sebring, he got $1082 against E. B. Hatton, and as receiver of the same bank. Lien was awarded $4538 against the Val Mar Inc. A. F. Rawlings, as receiver of the First National bank of Sanford. was given verdict for $4085 against James E. Parrott.

4. October 19, 1930 The Tampa Tribune Tampa, FL
Article from The Tampa Tribune, October 19, 1930

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Article Text

Law Named Receiver For Citrus Property J. A. Law, former deputy marshal, was appointed receiver of a grove yesterday by Federal Judge Akerman at the request of Carl E. Lien, receiver of the First National bank of Avon Park, whose attorneys complained that the Suniland Realty company, Roberts and others, defendants in a foreclosure action, had started to pick fruit. The complaint was in form of an affidavit by D. C. McMullen. attorney for the bank's receiver, who alleged that the grove will not sell for enough to cover the mortgage, and that he was advised by the bank's receiver that the defendants were picking the fruit. Law was given full authority to protect the fruit as well as the grove, and all parties to the suit were enjoined from interfering.

5. December 18, 1930 The Tampa Tribune Tampa, FL
Article from The Tampa Tribune, December 18, 1930

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Article Text

Bank Receivers Are Awarded Judgments Verdicts for damages totaling $41.363 were awarded receivers of closed banks in federal court yesterday. the largest being for $31,397 in favor of H. J. Spurway, as receiver of the First National bank of Lakeland, against L. N. Pipkin. Spurway also was given a verdict for $8837 against the Lakeland Manufacturing company and others. Albert W. Doepke, as receiver of the First National of Avon Park, was awarded verdict of $1129 against Jessie R. Smith and others. Harold S. Day, as receiver of the First National bank of Avon Park. won verdict against C. M. Hill. A motion by the United States for judgment was granted by Judge Akerman in the case of Gertrude W. Yowvs. the United States for an income tax refund.

6. May 10, 1931 Tampa Bay Times St. Petersburg, FL
Article from Tampa Bay Times, May 10, 1931

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Article Text

Bank Receiver Orders Dividend SEBRING May W Doepke, receiver for the First Na. tional bank of Avon Park, announced today the of currency had second 10 per cent dividend, amounting to approximately to be paid depositors in the defunct institution. A previous dividend. amounting to nearly $35,000 was paid last December. Doepke also announced recomhad been made second 10 per dividend, amounting approximately to be made depositors in the defunct Sebring National bank The first dividend amounting about $35,000 was paid November Effective Monday, Doepke also he take for the Carlton National bank the American National bank, Sarasota, and the 1Frst National bank of Punta in addito such duties for the Avon Park and Sebring institutions.