Molino State Bank - Molino, FL

Bank Information

Episode Type: Suspension → Closure
Bank Type: state
Start Date: January 1, 1920*
Location: Molino, Florida (30.724, -87.314)

Metadata

Model: gpt-5-mini
Short Digest: 63baa88b

Response Measures

None

Description

Article (Pensacola News Journal, 1932-12-22) states the Molino State Bank closed in 1920 and that a receiver is paying a final dividend in 1932. No run is mentioned in the text. Therefore this is a suspension/closure with a receivership continuing into 1932.

Events (2)

1. January 1, 1920* Suspension

Cause Details: Article does not state the reason for the 1920 closure; only that the bank closed that year.
Newspaper Excerpt: the bank which closed in 1920
Source: newspapers

2. December 22, 1932 Receivership

Newspaper Excerpt: Francis B. Carter, Jr., receiver for the Molino State bank, announced ... payment of the final dividends to holders of certificates on the bank which closed in 1920.
Source: newspapers

Newspaper Articles (1)

1. December 22, 1932 Pensacola News Journal Pensacola, FL

Article from Pensacola News Journal, December 22, 1932

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Article Text

FINAL DIVIDEND WILL PAID Molino Bank Receiver Has Announced Plans Francis B. Carter, Jr., receiver for the Molino State bank, announced yesterday that Friday he would begin payment of the final dividends to holders of certificates on the bank which closed in 1920. This final dividend will be for 7 1-4 per cent, making a total paid out since the bank failed of 87 1-4. Holders of certificates will present them to Mr. Carter, an attorney at Pensacola, and receive their final dividend checks.