2390. Bank of Lake Helen (Lake Helen, FL)

Bank Information

Episode Type
Suspension → Closure
Bank Type
state
Start Date
July 16, 1926
Location
Lake Helen, Florida (28.981, -81.233)

Metadata

Model
gpt-5-mini
Short Digest
15a7d6e1

Response Measures

None

Description

Articles from July 16, 1926 report the Bank of Lake Helen among banks that 'closed'/'suspended operations' due to bankruptcy proceedings of the Bankers Trust company (fiscal agent for a chain). Subsequent October 16, 1926 reports show a receiver (J. Kaserman) appointed by the Comptroller, indicating the bank remained closed and entered receivership. No explicit run is described in the articles.

Events (2)
1. July 16, 1926 Suspension
Cause
Correspondent
Cause Details
Closed/suspended as part of chain affected by bankruptcy proceedings of the Bankers Trust company, which served as fiscal agent for a string of banks.
Newspaper Excerpt
The Florida bank which closed was the bank of Lake Helen.
Source
newspapers
2. October 16, 1926 Receivership
Newspaper Excerpt
J. Kaserman ... was appointed today by Comptroller Ernest Amos be receiver for the Bank of Lake Helen, which suspended operations some time ago.
Source
newspapers

Newspaper Articles (6)
1. July 16, 1926 New Britain Herald New Britain, CT
Article from New Britain Herald, July 16, 1926

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Article Text

GEORGIA BANKER TAKES OWN LIFE (Continued from First Page) total number that have suspended operations this week to 83 in the two states. The state banking department attributed their closings also to the bankruptoy proceedings of the Bankers Trust company. Petition for a receivership was brought several days ago in superior court here where a board of recelvers was designated and a temporary injunction granted restraininz officers of the company from allaring in any manner the status of the banks The petition was brought by the bank of Umatilla. Fla. Yesterday the federal court assumed Jurisdiction on the plea of tour Atlante creditors. Former Governor Hugh M. Dorsey and J. K. Ottley, president of the Fourth National Bank were appointed recelvers for the company. The state banking department said that many of the banks that closed had only temporarily ceased business pending reorganisation and rearrangement of financing after the bankruptcy proceedings of their fiscal agents. The latest banks reported closed include the State Bank of Palatka, Fla., and the Bank of Lake Helen, Fla. 13 Banks Closed The 18 banks closing announced today are: Bank of East Point; Exchange Bank of Sycamore; Peoples' Bank of Soperton: Commerce Bank and Trust company; Bank of Adairsville; Farmers and Merchants' Bank at Rebecca: Merchants and Planters' Bank at Villa Rica: Merchants and Farmers' Bank at Sylvester; Bank of Pineview: Merchants and Farmers' Bank at Tennile; Turner County Bank at Ashburn; Bank of Stockbridge, and Merchants and Planters' Bank Whigham. Officials of the state banking department pointed out that virtually all of the Georgia banks that have closed were of the Georgia Trust company chain. The Bankers' Trust company, they said, was a corporation and not under the supervision of the state banking department. The banks themselves, however, Judge Geille Park, of Macon, chief counsel for the Georgia Bankers' association, said, are under the jurisdiction of the state banking department and not within that of the federal court.

2. July 16, 1926 Evening Star Washington, DC
Article from Evening Star, July 16, 1926

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Article Text

DIRECTOR'S SUICIDE CLIMAX TO CLOSING OF 70 STATE BANKS J. R. Smith, Atlanta Realty Board Head, Kills Self at His Home. 13 OTHERS SHUT DOORS TODAY, MAKING TOTAL 83 Georgia Official Says Financial and Houses Are Generally Sound Hits Hysteria. By the Associated Press. R. 16.-J. ATLANTA, Ga., Atlanta July Real Es president of of the Bank Smith, and a director receivertate Board Co., for which Federal a Disers' ship Trust was designated in shot himtrict Court here home, yesterday, in Morningside, was a suburb, self at his early today. Mr. Smith dead when found. was found by a servant, door of attracted The body by the shot. The locked and Smith's room was with an Mr. servant broke it down Julia Lifsey, was ax. the His among daughter, the first Mrs. to reach the body. entire load of a Belief shotgun was had exhis entered pressed The his that abdomen. he fired the shot with Several toe. letters found to the beside coroner. the body were turned that over an inquest prob- day. ably who announced would be held later in the Director of Second Bank. a former member and Mr. Smith firm was of J. R. Smith had been of the S. Rankin realty Co. Later Sylvan he Hills and In M. connected with development the a projects. director of Morningside to having been Co., he also was the addition Bankers' Trust the Farmers was and a director of of Atlanta, which early this a suicide came as against Traders' closed The Bank proceedings week. climax to the the of bankruptcy Co. and the which closing were State banks, many of 120 in 70 of a which the Bankers members Florida, Trust for chain financing of Bankers Georgia agent. Deand Co. served as State Banking addiToday Trust the Georgia St announced that 13 doors partment banks have closed in Florida their since tional and one brought the in Georgia The closings suspended optotal this week yesterday. number that have to 83 in the two aterations States. State Banking Department also to the ers Trust Co. bankruptcy tributed The their proceedings closings of the BankReceivership Is Granted. was Petition several for days a receivership board ago of in receivers Superior inbrought Court here, where and a a temporary officers designated restraining from was of the status of the Bank was Junction manner company the granted brought the by altering banks. in The any of assumed petition Umatilla, Yesterday jurisdiction creditors. Fla. the Federal on Former the plea Gov. Court president of Hugh four M. the company appointed Banking that of Atlanta the Dorsey Fourth receivers and J. National K. for Ottley, Department losed Bank, were said The many State of the banks ceased business pending that had only temporarily and rearrange- the bankPalatka, ruptcy ment Among of proceedings. the included latest the banks State reported of bank Lake of closed are Fla., and the bank anHelen, 13 Fla. Georgia bank closings Bank nounced The today are: Point, Exchange of Soperof (Continued Sycamore, on Page 2, Bank of East People's Bank Column 7.)

3. July 16, 1926 The Key West Citizen Key West, FL
Article from The Key West Citizen, July 16, 1926

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Article Text

GIVE TOTAL OF BANKS CLOSING THIRTEEN ADDITIONAL IN GEORGIA AND FIORIDA SINCE YESTERDAY (By Associated Press) ATLANTA, July 16.-Thirteen additional banks have closed their doors in Georgia, and one in Florida since yesterday. The closing brought the total number now in suspended operations in two states to 83. The state banking department in making announcement attributed the closing to bankruptcy proceedings of bankers in the trust company which served as fiscal agent for a string of 120 in two states. The Florida bank which closed was the bank of Lake Helen.

4. October 16, 1926 The Miami News Miami, FL
Article from The Miami News, October 16, 1926

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Article Text

BANK RECEIVER NAMED Oct. Kaserman Lake Helen appointed by Ernest for the Bank Lake Helen, which operations some time ago.

5. October 16, 1926 The Tampa Tribune Tampa, FL
Article from The Tampa Tribune, October 16, 1926

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Article Text

BANK RECEIVER NAMED J. Kaserman, of Lake Helen, was appointed today by Comptroller Ernest Amos be receiver for the Bank of Lake Helen. which suspended operations some time ago.

6. October 17, 1926 Tampa Bay Times St. Petersburg, FL
Article from Tampa Bay Times, October 17, 1926

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Article Text

BANK RECEIVER NAMED Kaserman of Lake Helen yesterday was appointed by Comptroller Ernest Amos to be receiver for Bank of Lake Helen, which suspended operutions some time ago.