2303. First State Bank (Clermont, FL)

Bank Information

Episode Type
Suspension → Reopening
Bank Type
state
Start Date
February 24, 1930
Location
Clermont, Florida (28.549, -81.773)

Metadata

Model
gpt-5-mini
Short Digest
e2710343

Response Measures

None

Description

Articles (Feb 22-23, 1930) report that the First State Bank of Clermont had suspended some time ago and that a new institution, the State Bank of Clermont, received a charter and took over the affairs of First State Bank and will open the following Monday. No run is mentioned and the suspension date is not given. Reopening is via takeover/new charter.

Events (2)
1. February 24, 1930 Reopening
Newspaper Excerpt
The bank, to be known as the State Bank of Clermont, took over the affairs of the First State bank which suspended there some time ago. The new bank will open Monday. C. O. Roe, of Clermont is president. (Tampa Tribune, Feb 22, 1930 and Palm Beach Post Feb 23, 1930.)
Source
newspapers
2. * Suspension
Cause Details
Article only states the bank suspended some time ago without giving a reason.
Newspaper Excerpt
the First State bank which suspended there some time ago.
Source
newspapers

Newspaper Articles (2)
1. February 22, 1930 The Tampa Tribune Tampa, FL
Article from The Tampa Tribune, February 22, 1930

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Article Text

Charter Granted For Clermont Bank TALLAHASSEE, Feb. Charter for the opening of new bank at Clermont was granted today by the state banking department The bank, to be known as the State Bank of Clermont, took over the affairs of the First State bank which suspended there some time ago. The new bank will open Monday. C. O. Roe, of Clermont is president.

2. February 23, 1930 The Palm Beach Post West Palm Beach, FL
Article from The Palm Beach Post, February 23, 1930

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Article Text

FLORIDA CITY TO GET BANK Tallahassee, Feb. 22.-AP-Charter for the opening of new bank at Clermont was granted Friday by the state banking department. The bank, known as the State Bank took over the affairs of the First State Bank, which suspended there some time ago, organizing institu with new capitalization. The new bank will open Monday. C. O. Roe of Clermont is president.