Carrabelle State Bank - Carrabelle, FL

Bank Information

Episode Type: Suspension → Reopening
Bank Type: state
Start Date: January 20, 1914
Location: Carrabelle, Florida (29.853, -84.664)

Metadata

Model: gpt-5-mini
Short Digest: 57a8b499

Response Measures

None

Description

Single article (Pensacola Journal, 1914-01-21) reports the Carrabelle State Bank closed/suspended on Jan 20, 1914 pending state comptroller examination because of the failure of the Judson Lumber Co. Directors hoped to reopen in a few days. No run or depositor panic is described.

Events (1)

1. January 20, 1914 Suspension

Cause: Local Shock
Cause Details: Suspension said to be due to the failure of the Judson Lumber Corporation, recently placed in receivership; its assets tied to local economy.
Newspaper Excerpt: The Carrabelle State bank has closed its doors pending an examination by the state comptroller. The directors hope to have the affairs of the bank in condition to open again in a few days.
Source: newspapers

Newspaper Articles (1)

1. January 21, 1914 The Pensacola Journal Pensacola, FL

Article from The Pensacola Journal, January 21, 1914

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Article Text

CARRABELLE STATE BANK HAS CLOSED Suspension of Institution Capitalized at TwentyFive Thousand Dollars, Due to Failure of Judson Lumber Co. SPECIAL TO THE JOURNAL Carrabelle, Jan. 20. - The Carrabelle State bank has closed its doors pending an examination by the state comptroller. The directors hope to have the affairs of the bank in condition to open again in a few days. There is no anxiety felt for the depositors. The Judson Lumber Corporation was recently placed in the hands of a receiver and W. C. Cate of White Springs, Florida, was named as agent for the receivers. The corporation owns lands and saw mill interests worth four hundred thousand dollars. The suspension of the bank is said to be due to the failure of the lumber company. The bank's capital was $25,000.00.