First Germania State Bank - Jacksonville, FL

Bank Information

Episode Type: Suspension → Closure
Bank Type: state
Start Date: January 17, 1917
Location: Jacksonville, Florida (30.332, -81.656)

Metadata

Model: gpt-5-mini
Short Digest: b759e9ca

Response Measures

None

Description

Article (AP, Jan 17, 1917) reports the First Germania State Bank did not open and a notice Closed by order of the board of directors was posted; the state comptroller was advised and has taken charge. No run on this specific bank is described. Cause of suspension is government action (comptroller taking charge).

Events (1)

1. January 17, 1917 Suspension

Cause: Government Action
Cause Details: Directors ordered the bank closed and the state comptroller was advised and took charge (government/examiner action).
Newspaper Excerpt: Closed by order of the board of directors, was all that appeared on a notice which was posted on the door of the bank early this morning. ... The comptroller was advised last night of the decision of directors and he has taken charge.
Source: newspapers

Newspaper Articles (1)

1. January 19, 1917 Atlanta Semi-Weekly Journal Atlanta, GA

Article from Atlanta Semi-Weekly Journal, January 19, 1917

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Article Text

Another Jacksonville Bank Fails to Open (By Associated Press.) JACKSONVILLE, Fla., Jan. 17.-The First Germania State bank, one of the smallest banks of Jacksonville, did not open its doors today. "Closed by order of the board of directors," was all that appeared on a notice which was posted on the door of the bank early this morning. The last statement of the condition of the bank, made to the state comptroller on December 30, 1916, showed that it carried deposits amounting to $201,703.02. Its total resources were given as $280,578.04. In anticipation of a run today the Live Oak Citizens State bank did not open this morning. The comptroller was advised last night of the decision of directors and he has taken charge. The general opposition was that the Live Oak Citizens bank was in a way connected with the Heard National bank of Jacksonville. Efforts are being made by the stockholders to refinance and reopen the bank tomorrow morning.