Bank of Groveland - Groveland, FL

Bank Information

Episode Type: Suspension → Reopening
Bank Type: state
Start Date: July 6, 1926
Location: Groveland, Florida (28.558, -81.851)

Metadata

Model: gpt-5-mini
Short Digest: 70bc202b

Response Measures

None

Description

Bank suspended operations July 6, 1926 because its funds were frozen with Bankers' Trust Company of Atlanta (a correspondent issue). A receiver was appointed in early September 1926 and plans were made to reopen; articles state reopening planned for Dec 18, 1926. No run or depositor panic is described in the articles.

Events (3)

1. July 6, 1926 Suspension

Cause: Correspondent
Cause Details: Operations suspended July 6, 1926 because the bank's funds were frozen with its correspondent, Bankers' Trust Company of Atlanta.
Newspaper Excerpt: The bank has been closed since July 6, due to the funds being frozen with the Bankers' Trust company of Atlanta.
Source: newspapers

2. September 4, 1926 Receivership

Newspaper Excerpt: GROVELAND, Sept. 4-(Tribune News Edge. pioneer merchant here, appointed receiver for the Bank Groveland, which been closed July. Mr. Edge is being assisted by E. Acre.
Source: newspapers

3. December 18, 1926 Reopening

Newspaper Excerpt: Bank Examiner R. F. Rogers is here going over the affairs of the Bank of Groveland, which according present plans, will be reopened Dec 18.
Source: newspapers

Newspaper Articles (3)

1. September 5, 1926 The Tampa Tribune Tampa, FL

Article from The Tampa Tribune, September 5, 1926

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Article Text

The Weather for Southeast Sunday to southeast Georgia, Extreme Northwest Florida: Partly east south Partly with and Monday: and Monday: gentle southerly Rainfall Total for 24 since Sept. Deficiency Jan. Tides Today Sept. Moon will new Sept. for Tampa. For time subtract one hour twenty utes. Winds East Gulf: Gentle east and partly overcast rains Sunday and Windward Moderate local rains Sunday Sandy Hatteras Gentle and generally fair weather Sunday. Barometer reduced was 30.00 inches._ BANK RECEIVERS NAMED GROVELAND, Sept. 4-(Tribune News Edge. pioneer merchant here, aappointed receiver for the Bank Groveland, which been closed July Mr. Edge is being assisted by E. Acre. Plans for the opening of new bank are under way, which will include the taking the affairs of the Bank of Groveland. Hourly Temperature Yesterday Humidity 12:30 Dry Temperatures Elsewhere Atlantic City Atlanta Asheville Birmingham Boston Chicago Cincinnati Moines Detroit Paso Kansas Little Rock Memphis Meridian Miami New York Orleans Pittsburgh Antonio Francisco Louis Vicksburg Washington

2. September 6, 1926 The Tampa Times Tampa, FL

Article from The Tampa Times, September 6, 1926

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Article Text

GROVELAND BANK RECEIVER NAMED Institution Has Been Closed Since July 6. Groveland, Sept. 6.-E. E. Edge, merchant of this city, has been appointed receiver the bank of Groveland, and is now in charge and will make every effort to collect all claims and realize every possible cent for the creditors. The bank has been closed since July 6, due to the funds being frozen with the Bankers' Trust company of Atlanta. Mr. Edge is being assisted in his work by E. A. Acre and aside from the actual expense incurred Mr. Edge will make no charge for his services. Some plans for the opening of new bank are under way which will include the taking over of the assets of the defunct bank and hquidate far as possible Business men generally are back of the move to open the new bank.

3. December 3, 1926 The Tampa Tribune Tampa, FL

Article from The Tampa Tribune, December 3, 1926

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Article Text

BANK OF GROVELAND TO BE OPENED SOON GROVELAND, Dec (Tribune News Bank Examiner R. F. Rogers is here going over the affairs of the Bank of Groveland. which according present plans, will be reopened Dec 18. Work new bank building which stopped when the bank temporarily suspended business last July, has resumed. Edge will and John Hightower will be