First National Bank - Jasper, FL

Bank Information

Episode Type: Suspension → Closure
Bank Type: national
Bank ID: 7757
Charter Number: 7757
Start Date: April 26, 1930
Location: Jasper, Florida (30.518, -82.948)

Metadata

Model: gpt-5-mini
Short Digest: 924d1bcb

Response Measures

None

Receivership Details

Depositor recovery rate: 44.1%
Date receivership started: 1930-05-13
Date receivership terminated: 1937-02-27
Share of assets assessed as good: 87.8%
Share of assets assessed as doubtful: 12.2%
Share of assets assessed as worthless: 0.1%

Description

Article (Evening Star, 1930-04-26) reports the First National Bank of Jasper had suspended. No cause, no mention of a run or reopening. Because the article gives no reopening information and lists it among bank failures/closures that day, I classify as suspension leading to closure; this is uncertain and noted here.

Events (3)

1. May 22, 1905 Chartered

Source: historical_nic

2. April 26, 1930 Suspension

Cause Details: Article gives no reason for the suspension; mentioned alongside other Florida bank failures/closures reported the same day.
Newspaper Excerpt: The banking department here also received advices that the First National Bank of Jasper had suspended.
Source: newspapers

3. May 13, 1930 Receivership

Source: historical_nic

Newspaper Articles (1)

1. April 26, 1930 Evening Star Washington, DC

Article from Evening Star, April 26, 1930

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Article Text

FLORIDA BANKS CLOSED. TALLAHASSEE, Fla., April 26 (P).Controller Ernest Amos has confirmed the closing at St. Petersburg of the Fidelity Bank & Trust Co. The bank was capitalized at $100,000 The banking department here also received advices that the First National Bank of Jasper had suspended. Tt was capitalized at $30,000. A State bank closed at Jasper last Tuesday.