Pensacola State Bank - Pensacola, FL

Bank Information

Episode Type: Suspension → Closure
Bank Type: state
Start Date: July 28, 1918
Location: Pensacola, Florida (30.421, -87.217)

Metadata

Model: gpt-5-mini
Short Digest: 417a19af

Response Measures

None

Description

Article (1918-07-28) reports the bank's assets were sold by R. E. Lee Daniell, receiver, indicating the bank had been placed in receivership and remained closed. No mention of a depositor run in the provided article.

Events (1)

1. July 28, 1918 Receivership

Newspaper Excerpt: The assets of the Pensacola State Bank have been sold to the Florida Farm Mortgage Company for $2,500 by R. E. Lee Daniell, receiver for the bank.
Source: newspapers

Newspaper Articles (1)

1. July 28, 1918 The Pensacola Journal Pensacola, FL

Article from The Pensacola Journal, July 28, 1918

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Article Text

DEFUNCT BANK ASSETS ARE SOLD The assets of the Pensacola State Bank have been sold to the Florida Farm Mortgage Company for $2,500 by R. E. Lee Daniell, receiver for the bank. It is stated that the assets conSisted chiefly of second mortgages of doubtful value and promissory notes issued by parties who have since passed through bankruptcy and which the receiver has been unable to collect.