Kissimmee Bank - Kissimmee, FL

Bank Information

Episode Type: Suspension → Reopening
Bank Type: state
Start Date: May 1, 1893*
Location: Kissimmee, Florida (28.292, -81.408)

Metadata

Model: gpt-5-mini
Short Digest: c6407265

Response Measures

None

Description

Article (Roanoke Times, 1893-06-03) states Kissimmee Bank suspended last week, was examined showing assets > liabilities, and will resume business at once. No explicit run is described; suspension appears tied to regional bank failures (Brunswick/Ulman failures). Dates are inferred from publication date.

Events (2)

1. May 1, 1893* Suspension

Cause: Local Banks
Cause Details: Suspension occurred amid regional bank failures and nervousness following the Ulman/Brunswick failures affecting other banks in the region; article links other suspensions to those failures.
Newspaper Excerpt: The Kissimmee Bank which suspended last week has been examined
Source: newspapers

2. June 3, 1893 Reopening

Newspaper Excerpt: It will resume business at once.
Source: newspapers

Newspaper Articles (1)

1. June 3, 1893 The Roanoke Times Roanoke, VA

Article from The Roanoke Times, June 3, 1893

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Article Text

ROANOKE, VA., JUNE 3, 1893. THE !OUTHERN FINANCIAL SITUATION. It has been said by some financiors that the ultimate result of the bank failures in Australia will be to send more European money to this country for safe investment. Should this prove to be the case the South will undoubtedly receive 3 large share of it, as it has always been a favorite field for foreign investors. That there is money enough in the country, says the Manufacturers' Record, is shown when a first class security 1S offered. Recently two bond issues were made, which were taken up without delay. One was the new'4 per cent. bonds of the Pennsylvania railroad, and the other an issue of $300,000 in 5 per cent. bonds of the City and Suburban railway, of Baltimore. This last was part of a total issue of $1,000, 000, and was taken at 1121/2 and interest. The financial situation in the South presents the feature of caution more than any other. There is no lack of money, but banks and investors, still feeling uneasy from the disquieting reports from New York, are cautious in their movements. A feeling of distrust and insecurity following the Ulman failures at Brunswick, Ga., caused the State Bank to close its doors. A rumor was started that it was insolvent and caused an application for a receiver to be made. The court bas not as yet granted the application. and the bank officers ask an exa roination to prove its solvency. The Kissimmee Bank which suspended last week has been examined and shows available assets of $119,916.93, with liabilities of $72,598.87. It will resume business at once. The condition of the Gulf National Bank of Tampa, Fla., which has suspended, will be examined. This action was caused by the Brunswick failures. The Richmond Terminal reorganization, from which the South expects much, progresses but slowly. The plans of Drexel, Morgan & Co., are regarded by many security holders as slighting their interests, and 3 well defined opposition movement is going on which will effectually block the reorganization unless an amicable settlement is arrived at The Georgia Central suit. which has hold a position only second to Richmond Terminal in railroad affairs, promises to come to some more or less definite conclusion within the next week. This is much to be desired, as this property is too valuable to be tossed about as it has been.