State Bank - Boca Grande, FL

Bank Information

Episode Type: Suspension → Closure
Bank Type: state
Start Date: February 19, 1929
Location: Boca Grande, Florida (26.749, -82.262)

Metadata

Model: gpt-5-mini
Short Digest: f5bb1419

Response Measures

None

Description

Article (Tampa Tribune 1929-02-19) reports the State Bank at Boca Grande 'suspended' on Feb 19, 1929 amid several regional bank closings. The story attributes the action to protection of depositors and contagion from other local bank failures. The article does not state that the Boca Grande bank later reopened; classification as suspension_closure reflects that lack of reopening information (some uncertainty).

Events (1)

1. February 19, 1929 Suspension

Cause: Local Banks
Cause Details: Suspension came amid multiple nearby bank closings in the same section during the prior two weeks; action taken to protect depositors against contagion from other local bank failures/closings noted in the article.
Newspaper Excerpt: the State Bank suspended.
Source: newspapers

Newspaper Articles (1)

1. February 19, 1929 The Tampa Tribune Tampa, FL

Article from The Tampa Tribune, February 19, 1929

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Article Text

Two Banks Closed At Punta Gorda One at Boca Grande PUNTA GORDA, Feb. banks here one Boca Grande closed today. was announced closing action taken the protection of depositors banks expected to open had adjusted. The closings today brought the total banks closed this section state the last two weeks eight. One closed Sebring, Avon Park and two The Fidelity Bank and First National Bank Punta Gorda were the here, while Grande the State Bank suspended. Each of the local banks was capitalized $50,000. Smith president Sparks cashier the Fidelity bank Smith and Smith president and cashier of the First National. Lanier president of the Boca Grande said to member the so-called Skipper chain. reported deposits of Dec. 31, and was capitalized After the closing of the two banks the Punta Gorda State bank, arranged protect itself against possible More than $200,000 hastily brought in from banks neighboring cities, but only three withdrawals that could attributed the closings. The Punta Gorda State Barron Collier, in this city today.