2539. Peoples Bank (St Cloud, FL)

Bank Information

Episode Type
Suspension → Reopening
Bank Type
state
Start Date
June 1, 1927
Location
St Cloud, Florida (28.249, -81.281)

Metadata

Model
gpt-5-mini
Short Digest
5ad80e1f

Response Measures

None

Description

Multiple contemporaneous newspaper notices (June 1, 1927) report that the People's/Peoples' Bank of St. Cloud had 'suspended operations sometime ago' and that the state banking department granted authority to reopen effective June 1/2, 1927. No article describes a depositor run or cause for the original suspension; therefore this is classified as a suspension with subsequent reopening (no run).

Events (2)

1. June 1, 1927 Reopening
Newspaper Excerpt
Authority has been granted the People's bank, of St. Cloud, to reopen tomorrow, was announced today the state banking department.
Source
newspapers
2. * Suspension
Cause Details
Article(s) state the bank 'suspended operations sometime ago' but do not give a reason or link the suspension to runs, correspondent failures, or government action.
Newspaper Excerpt
the bank suspended operations sometime ago.
Source
newspapers

Newspaper Articles (4)

Article from The Palm Beach Post, June 1, 1927

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Article Text

FIRST AMERICAN HERE ADDS GRATIFICATION Twenty-five Banks Closed In State Are Reopened In Last Nine Months BANK OPENS May thority has been granted the People's Bank, St. Cloud to reopen was announced today the state banking department. The bank pended operations sometime ago. By the Associated Press May by the state banking the rapid succession of bank reopenings taking Reopening of the Bank of Orange Trust and the American Bank and of West Palm the latest of the institutions announce resumption of business satisfaction here by the department officials. The was declared. has due largely operative efforts extended among banking department officials and heads the institutions, and excellent prevailing among the public Particularly the latter, such progress could not be accomplished, was stated. Since banks had have reopened. according to revised list compiled by banking department heads. Two other institutions and later closed Following list of the reopened banks of the state, their location. and the date their repoening: Citizens Bank of Bushnell, Bushnell, Feb. 1927 Delray Bank and Bank and St. Oct. Bank County Sept. 14. Bank Dade City, Dade City, Palatka Bank and Trust company, Palatka, Bank GroveDec. Bank of Umatilla, Umatilla, 1926: First State Bank Clermont, ClerSept 28, 1926 Citizens Bank Eustis, Oct. 1926: Bank Mount Dora, Mount Dora, Sept. 1926: Bank of Aug. 24, 1926 Bank of OakOct. Bank of Live Oak. Live Oak, Sept. Bank Sept. 13, 1926 Lake Butler, Dec. Bank of Monticello, 14, 1926: Polk County Trust Lakeland. 28, State Bank. Lake 1926: East Florida Stuart Bank and Trust company. Stuart, Oct. 1926: People's Bank Sept 1926: Palmetto State Bank. Palmetto, May 19. 1927: Bank Orange and Trust company. Orlando, May 23. 1927, and First American Bank and Trust company. West Palm Beach, May


Article from The Orlando Sentinel, June 1, 1927

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Article Text

Last Day Of Month Also Hottest In Weather Bureau History JACKSONVILLE, May driest May and the hottest May day Florida weather ended tonight. reported here that crops and even palm down state are under the blistering with no supporting The mercury climbed to grees today, height never attainduring the five months of year the 56 covered in the records Meteorologist Mitchell. The weather bureau here established in 1871. Average for April 2.72 inches. May's average average 6.97. During the two months endtonight rainfall has totaled but inch, less the 60 days than any preceding April or May alone. record for May was .31 inch in 1871. May year showed but .06 inch. The first five months of 1927 averaged dry. January showed inch against average of February ran slightly ahead of schedule with inches average 3.43; March fell behind with against an average of 3.52. BANK TO REOPEN May been granted the People's Bank of St. Cloud, to tomorrow, was announced today the banking departbank suspended operations some time


Article from Pensacola News Journal, June 1, 1927

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Article Text

BANK TO REOPEN May Authority has granted the People's bank, of St. Cloud, to reopen tomorrow, was announced today the state banking department. The bank suspended operations sometime ago.


Article from The Stuart News, June 1, 1927

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Article Text

Fourth St. White Way Is Completed The 33 white way lights on Fourth street were completed today, according to City Manager Ralph Mahr, and will probably be lighted tonight to test the cables and lights, he stated. the test, only 20 of the lights will be used for the time being, he stated, in conformance with the program of economy adopted by the city regarding the lights. The poles will be painted white, the same color used on the white way light posts over the city. FLORIDA BANK OPENS. TALLAHASSEE, June Authority has been granted the Peoples' Bank, of St. Cloud, to reopen tomorrow, it was announced today at the state banking department. The bank suspended operations some time ago.