2330. Citizens Bank (Dunnellon, FL)

Bank Information

Episode Type
Suspension → Closure
Bank Type
state
Start Date
June 20, 1927
Location
Dunnellon, Florida (29.049, -82.461)

Metadata

Model
gpt-5-mini
Short Digest
28375652

Response Measures

None

Description

Newspaper articles (June 1927) report A.P. Kay serving as receiver of the Citizens Bank of Dunnellon and the Comptroller declining to remove him. There is no mention of a depositor run; the bank is under receivership (closure) by regulatory action. I therefore classify this as a suspension leading to closure/receivership. Date taken from contemporaneous articles (June 20–25, 1927).

Events (2)
1. June 20, 1927 Receivership
Newspaper Excerpt
A. P. Kay as receiver of the Citizens Bank of Dunnellon ... The receiver, in an exchange of communications with the comptroller, expressed willingness to resign, if Mr. Amos desired him to do so, it was stated.
Source
newspapers
2. June 20, 1927 Suspension
Cause
Government Action
Cause Details
Bank placed in receivership; comptroller overseeing and retaining appointed receiver A.P. Kay after grand jury criticism.
Newspaper Excerpt
Comptroller Ernest Amos does not intend to remove A. P. Kay as receiver of the Citizens Bank of Dunnellon
Source
newspapers

Newspaper Articles (6)
1. June 21, 1927 News-Press Fort Myers, FL
Article from News-Press, June 21, 1927

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Article Text

Dunnellon Bank Received to Stay June Comptroller Ernest Amos does not intend to remove Kay as ceiver of the Citizens Bank of Dunnellon. recommended by the Marion county grand jury. unless more convincing evidence shown to his alleged the comptroller stated today. The report of the grand jury, which charged that Kay not competent person to act receiver of the bank sent the comptroller here and Amos began investigation. He was informed. said. that those bringing the charges against the ceiver were not even depositors of the bank. The in change of communications with the comptroller, willingness Mr. Adams sired him to do was stated.

2. June 21, 1927 The Tampa Tribune Tampa, FL
Article from The Tampa Tribune, June 21, 1927

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Article Text

COMPTROLLER REFUSES TO CHANGE RECEIVER OF DUNNELLON BANK TALLAHASSEE. June 20 Comptroller Ernest Amos does not intend to remove A. P. Kay as receiver of the Citizens Bank of Dunellon, recommended by the Marion county grand jury, unless more convincing evidence is shown as to his alleged incompetency, the comptroller stated today. The report of the grand jury, which charged that Mr. Kay not a competent person to act as receiver of the bank, was sent to the comptroller here, and Mr. Amos began an investigation. He was informed, he said, that those bringing the charges against the receiver were not even depositors of the bank. The receiver, in an exchange of communications with the comptroller, expressed willingness to resign, if Mr. Amos desired him to do so, it was stated.

3. June 21, 1927 The Tampa Times Tampa, FL
Article from The Tampa Times, June 21, 1927

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Article Text

Amos Ignores Charge Against Bank Officer Tallahassee, June 1.-Comptroller Ernest Amos does not intend to remove A. P. Kay as receiver of the Citizens bank Dunnellon, recommended by the Marion county grand jury, unless more convincing dence is shown as to his alleged incompetency, the comptroller stated here. The report of the grand jury, which charged that Mr. Kay not competent person to act" as ceiver of the bank, sent to the comptroller here and Mr. Amos gan an investigation. He was in. formed, he said, that those bringing the charges against the receiver were not even depositors of the bank. The receiver, in exchange of communications with the comptroller, expressed willingness resign, Mr. Amos desired him to do so, it was stated.

4. June 21, 1927 Florida State News Tallahassee, FL
Article from Florida State News, June 21, 1927

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Article Text

Amos Not To Remove Kay as Receiver Of Bank of Dunnellon Comptroller Ernest Amos does not intend to remove A. Kay receiver of the Citizens Bank of Dunnellon, recommended by the Marion county grand jury, unless more convincing evidence shown as to incompetency, the comptroller stated yesterday. The report of the grand jury, which alleged that Mr. Kay not competent person to receiver of the bank, was sent to the comptroller here, and Mr. Amos began an investigation. He was informed, he said, that those bringing the charges against the receivwere not even depositors of the bank. The receiver, in an exchange of communications with the comptroller, expressed willingness to sign, if Mr. Amos desired him to so, stated.

5. June 22, 1927 Tampa Bay Times St. Petersburg, FL
Article from Tampa Bay Times, June 22, 1927

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Article Text

AMOS WILL RETAIN KAY AS BANK'S RECEIVER June Comptroller Amos does not intend to remove A. P. Kay as receiver of the Citizens Bank of Dunnellon, recommended by the Marion county grand jury, unless more convincing evidence is shown to his alleged incompetency. the comptroller stated The report of the grand jury, which charged that Mr. Kay "is not a competent person to act" as receiver of the bank, was sent to the comptroller here, and Mr. Amos began an investigation. He was informed, he said, that those bringing the charges again the not even depositors of the bank. The receiver, in an of communications with the comptroller expressed to resign, if Mr. Amos desired him to do so, was stated.

6. June 25, 1927 The Orlando Sentinel Orlando, FL
Article from The Orlando Sentinel, June 25, 1927

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Article Text

AMOS NOT TO OUST RECEIVER OF BANK Ernest does not intend to P. Kay receiver of the Citizens Bank of Dunellon, by the Marion county grand jury, unless more convincing evidence is shown to his alleged incompetency, the comptroller stated. The report of the grand jury, which charged that Mr. Kay not person to act" as receiver of the bank, was sent to the comptroller here, and Mr. Amos began an investigation. He was informed, he said, that those bringing the charges against the receiver were even depositors of the bank. The receiver, in an exchange of communications with the comptroller, willingness to resign, Mr. Amos desired him to do it was stated.