State Bank - Lakeland, FL

Bank Information

Episode Type: Run → Suspension → Closure
Bank Type: state
Start Date: June 13, 1930
Location: Lakeland, Florida (28.039, -81.950)

Metadata

Model: gpt-5-mini
Short Digest: 25079c4b

Response Measures

Full suspension

Other: Bank failed/closed after heavy run; article implies inability to collect funds from Europe may have contributed (OCR unclear).

Description

Article headline: 'Heavy Run Closes Bank at Lakeland.' Publication date 1930-06-14; text says the bank closed 'yesterday' so closure ~1930-06-13. OCR errors corrected (e.g., 'State Bank the State Bank of Lakeland, failed' interpreted as State Bank of Lakeland failed; phrase about 'inability [to make] collections from Europe' interpreted as inability to collect foreign funds). The piece reports a heavy run that closed the bank and that it failed/closed (permanent). No receiver explicitly named in the text.

Events (3)

1. June 13, 1930 Run

Cause: Bank Specific Adverse Info
Cause Details: Heavy withdrawals precipitated by the bank's inability to make collections (apparently from Europe) and resulting liquidity problems
Measures: None reported
Newspaper Excerpt: Heavy Run Closes Bank at Lakeland
Source: newspapers

2. June 13, 1930 Suspension

Cause: Bank Specific Adverse Info
Cause Details: Bank closed after heavy run and inability to make collections/meet payments; announced failed and closed operations yesterday
Newspaper Excerpt: State Bank of Lakeland, failed ... the close business yesterday
Source: newspapers

3. * Other

Newspaper Excerpt: but would be able to pay all depositors.
Source: newspapers

Newspaper Articles (1)

1. June 14, 1930 The Tampa Times Tampa, FL

Article from The Tampa Times, June 14, 1930

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Article Text

Heavy Run Closes Bank at Lakeland By Associated Press Lakeland, June State Bank the State Bank of Lakeland, failed Officials announced that closing heavy in the past few and inability collections McDonald, president, Europe. Swindell, chairman the board, had arrangements the bank operation summer. Both men, learned today, had up each cash count last obligated themselves McDonald bought the bank building for understood have made deposit. Swindell reported valuable groves, Officials said that since Jan. from the bank amount had out the first four St. The bank capitalized $200,the close business yesterday had started the Florida bank morning. but would be able to pay all depositors.