Putnam National Bank - Palatka, FL

Bank Information

Episode Type: Suspension → Closure
Bank Type: national
Bank ID: 4813
Charter Number: 4813
Start Date: December 31, 1932
Location: Palatka, Florida (29.649, -81.638)

Metadata

Model: gpt-5-mini
Short Digest: 8ee43832

Response Measures

None

Receivership Details

Depositor recovery rate: 23.0%
Date receivership started: 1932-12-31
Date receivership terminated: 1938-06-18
Share of assets assessed as good: 3.1%
Share of assets assessed as doubtful: 77.9%
Share of assets assessed as worthless: 18.9%

Description

Article (St. Louis Post-Dispatch, 1932-12-31) reports the Putnam National Bank did not open for business today and announced its closing for protection [of] depositors. No run is described and no reopening is reported in the text, so this is classified as a suspension leading to closure. Cause is unclear from article language; described as action to protect depositors, so I selected 'other' rather than assuming liquidation or government action.

Events (3)

1. November 1, 1892 Chartered

Source: historical_nic

2. December 31, 1932 Receivership

Source: historical_nic

3. December 31, 1932 Suspension

Cause Details: Bank did not open for business and announced closing for protection [of] depositors. No explicit cause (e.g., regulator action or insolvency) given in article.
Newspaper Excerpt: The Putnam National Bank here, which showed in its statement Sept. 30 deposits of $1,000,000, did not open for business today. ... announced the clos made for protection depositors.
Source: newspapers

Newspaper Articles (1)

1. December 31, 1932 St. Louis Post-Dispatch St. Louis, MO

Article from St. Louis Post-Dispatch, December 31, 1932

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Article Text

New York Executive Mother of Prisoner ises He Will Send Note Leaving Governorship. STRICTLY AS PRIVATE Forward to California Will Which Are Documents Given to Him dence Bombing. on Dec. ALBANY, Roosevelt yesterday Mrs. Mary Mooney, 84-yearceived old mother of Tom Mooney, San Francisco bombvicted of the and promised years ago, write to Gov. James Rolph would California about the who today retires Roosevelt, New York, said Governor communicate with Rolph would after he leaves office. Asked one of Mrs. Mooney's what he would say companions Gov. Roosevelt replied: letter, until consider the cannot say little Mrs. Mooney, arriving in Albany Thursday, went to the capitol, late Governor who had but missed the executive offices. He left the unable to at the executive Thursday night. Yestermansion while waited the day reception room, Gov. Roosetive called Guernsey Cross, invited her to him at the mansion. accompanied by Louis She was Scott, representing the Tom Mooney Louis of the Ameritee; Federation Labor Unemployed Insurance: Alfred Hirsch the National Committee for the Defense of Political and William Patterson, tional secretary of the International Labor Defense. Scott, after the said the was Interview With Roosevelt. Crossing large desk in the Governor's study, which Gov. Roosevelt, Mrs. Mooney said: wish would do your most to help boy has been he innocent, for almost 17 years. My boy good Gov. Roosevelt answered slowly: feel so many people believe he innocent that there must some reason for believing innocence. unable to take action as Governor." Scott interrupted to say that two other Governors had written Rolph urging pardon for Mooney, who serving life sentence. Gov. Roosevelt then said he would write to Rolph after he tired from the governorship and before he becomes President. Wilson's Action Recalled. Scott said he told Roosevelt that President Wilson had "saved Mooney's by with the California Governor. Roosevelt answered familiar with that in Washington at the time." Roosevelt was Assistant Secretary of the Navy during the Wilson administration. Scott and Patterson said Roose"should demand the immediate release Mooney," adding that the interested himself in case would rally the sympathy of the the country and force California to free innocent Gov. Roosevelt said he received document from Mrs. Mooney tailing what new dence that showed her son was convicted on testimony.' private citizen and not nofficial capacity will send that to Gov. Rolph with the ment: know this will receive your remarked Roosevelt. Bank Closes at Palatka, Fla. Dec The Putnam National Bank here, which showed in its statement Sept. 30 deposits of $1,000,000, did not open for business today. The bank established years brief notice announced the closmade for "protection depositors." Accidentally Shot on Hunt. Koehler, candy maker, 5236 Loughborough suffered wounds of the right arm and hand when he stepped into the line fire of shotgun in the hands while were hunting Mo., yesterday. John Burke, 129 Sidney rabbit, but hit Koehler.