First National Bank - Sarasota, FL

Bank Information

Episode Type: Suspension → Closure
Bank Type: national
Bank ID: 10414
Charter Number: 10414
Start Date: January 11, 1932
Location: Sarasota, Florida (27.336, -82.531)

Metadata

Model: gpt-5-mini
Short Digest: b62d1af2

Response Measures

None

Description

Article (Tampa Times, 1932-01-11) refers to suits brought by a receiver for the First National Bank of Sarasota (Shelton, receiver, First National Bank of Sarasota, VS. Wm. P. McDonald). This indicates the bank was in receivership (i.e., closed and a receiver assigned). The article does not describe a run or a prior suspension explicitly, but the presence of a receiver implies permanent closure; therefore classified as suspension_closure. No evidence of a run or reopening in the provided text.

Events (3)

1. June 28, 1913 Chartered

Source: historical_nic

2. November 20, 1923 Voluntary Liquidation

Source: historical_nic

3. January 11, 1932 Receivership

Newspaper Excerpt: Shelton, receiver, First National Bank of Sarasota, VS. Wm. P. McDonald;
Source: newspapers

Newspaper Articles (1)

1. January 11, 1932 The Tampa Times Tampa, FL

Article from The Tampa Times, January 11, 1932

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Article Text

DEFAULTS ARE FILED AGAINST Federal Jury Returns Verdicts Involving $50,000 Total. Federal court got under way today with Judge Alexander Akerman presiding, disposed of default cases, aggregating about $50,000, and adjourned until 9:30 o'clock tomorrow morning. When opened there were 69 cases on the calendar, one the largest civil dockets on record with the total amount of the various suits being close cases involved suits brought by bank receivers in this territory of issory There two outside Florida; the Federal Reserve bank Atlanta D. Ratliff, $7,500, and Don P. Stroud, receiver of the Howard bank, Ind., VS. Ed Humpe, verdicts were promptly made without protest and the verdicts signed by the same individual juryman, James D. Beggs, real tate operator of Orlando. After Beggs had signed his name about 20 verdicts on behalf the jury, Judge said: making Orlando work when she comes here.' The cases disposed of were as follows: Shelton, receiver, First National Bank of Sarasota, VS. Wm. P. McDonald; M. Anderson, Central Bank and St. PeVS. Charles W. receiver, First Na. tional Bank Sanford, VS. E. E Brady; Anderson VS. Donovan Sons, Inc.; W. Doepke, receiver, Carlton National Bank, Wauchula, H. Brown; A. Doepke tion; Doepke, vs. Roberts; Harwell vs. M. Rumley; Doepke vs. Skipper; W. Harwell Eupha Finnell; A. W. Doepke vs. H. Smith. The jury was composed of Beggs and Slauson, Orlando; Minns, Tampa E. Nyberg, Limona; Whitaker Inverness; N. E. Barnes, Plant City: Ayres, Brooksville; H. Elden, Tarpon Springs; Fred Fariss, Tampa; Tyner, Plant City R Sappington, Avon Park Lynn Silvertooth, Sarasota; C. W. Greene, Tampa. Others called subject to jury duty are: Lr. Poole, New Port Richey: O. Lesley, Wauchula Paul Fatic, Sarasota: Cunningham, St. Petersburg: W. Wilson, Inverness; Campbell, Glenn Evins, Tampa, and W. E. Smith, Inverness.