Bank of Oviedo - Oviedo, FL

Bank Information

Episode Type: Suspension → Closure
Bank Type: state
Start Date: December 10, 1932
Location: Oviedo, Florida (28.670, -81.208)

Metadata

Model: gpt-5-mini
Short Digest: 81a86d4e

Response Measures

None

Description

Article (Orlando Sentinel, 1932-12-10) describes the bank as having suspended operations and being under liquidation with a liquidator paying dividends. No run is described in the excerpt. Thus this is a suspension leading to permanent closure/receivership.

Events (3)

1. December 10, 1932 Other

Newspaper Excerpt: liquidator reduced his common creditor liability ... The 10% dividend just declared is the second dividend ... Mr. Tunnicliffe, personally donated commissions ... commenting today on the affairs of the Bank at Oviedo, Mr. Tunnicliffe said ... the closed institution ... immediately after he took [charge?]. (Orlando Sentinel, 1932-12-10).
Source: newspapers

2. December 10, 1932 Receivership

Newspaper Excerpt: liquidator reduced his common creditor liability down to $76,287.27... The 10% dividend just declared is the second dividend of that amount which has been paid to the remaining depositors of the closed institution.
Source: newspapers

3. * Suspension

Cause Details: Article states the bank 'suspended operations' but gives no immediate trigger in the excerpt; later liquidation occurred.
Newspaper Excerpt: before and after his bank suspended operations
Source: newspapers

Newspaper Articles (1)

1. December 10, 1932 The Orlando Sentinel Orlando, FL

Article from The Orlando Sentinel, December 10, 1932

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Article Text

OVIEDO BANK TO PAY $8,000 (Continued from Page 1) liquidator reduced his common creditor liability down to $76,287.27, which was accomplished through offsets charged against different deposits. The 10% dividend just declared is the second dividend of that amount which has been paid to the remaining depositors of the closed institution, and the records further show that in order to bring about this dividend Mr. Tunnicliffe, personally donated commissions legally due him amounting to $1,592.41. In commenting today on the affairs of the Bank at Oviedo, Mr. Tunnicliffe said that too much credit cannot be given B. G. Smith, former president of the bank for the honorable and unselfish attitude taken by him, both before and after his bank suspended operations. Particularizing on this subject, the liquidator stated that Mr. Smith was not indebted to the institution for any borrowed money at the time it closed, that he and his family were the largest depositors, and he made no attempt to withdraw his deposit before the bank closed, but permitted it to remain for the benefit of all the depositors in the institution. Mr. Tunnicliffe, further stated that immediately after he took