Florida Bank & Trust Company

Bank Information

Episode Type: Suspension → Closure
Bank Type: trust company
Start Date: November 24, 1923
Location: Gainesville, Florida (29.652, -82.325)

Metadata

Model: gpt-5-mini
Short Digest: 589d7776

Response Measures

None

Description

Article (Atlanta Tri-Weekly Journal, 1923-11-24) reports Florida Bank and Trust Co. of Gainesville was placed in hands of state authorities and joint receivers appointed; mentions an alleged $40,000 shortage by an officer. No explicit run is described — this is a suspension leading to receivership/closure due to bank-specific adverse information.

Events (2)

1. November 24, 1923 Receivership

Newspaper Excerpt: Dale and Perper have been appointed conditionally as joint receivers of Florida Bank and Trust company, of Gainesville, Ernest Amos, state comptroller, announces. Appointment carries with it provision that joint receivers shall relinquish receivership if a trust company is formed to take over and work out affairs of the institution for interest of depositors.
Source: newspapers

2. November 24, 1923 Suspension

Cause: Bank Specific Adverse Info
Cause Details: Placed in hands of state authorities after an officer became involved in an alleged shortage of about $40,000.
Newspaper Excerpt: Florida Bank and Trust company was placed in hands of state author. ities several weeks ago, since which time one of officers has become involved in alleged shortage of some thing like $40,000.
Source: newspapers

Newspaper Articles (1)

1. November 24, 1923 Atlanta Tri-Weekly Journal Atlanta, GA

Article from Atlanta Tri-Weekly Journal, November 24, 1923

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Article Text

suance of hunting licenses, regardless of whether the applicants are residents or non-residents of any county, and he holds, therefore, law is valid. TALLAHASSEE.-Dale and Perper have been appointed conditionally as joint receivers of Florida Bank and Trust company, of Gainesville, Ernest Amos, state comptroller, announces. Appointment carries with it provision that joint receivers shall relinquish receivership if a trust company is formed to take over and work out affairs of the institution for interest of depositors. Florida Bank and Trust company was placed in hands of state author. ities several weeks ago, since which time one of officers has become involved in alleged shortage of some thing like $40,000.