State Bank - Tallahassee, FL

Bank Information

Episode Type: Run → Suspension → Closure
Bank Type: state
Start Date: July 19, 1929
Location: Tallahassee, Florida (30.438, -84.281)

Metadata

Model: gpt-5-mini
Short Digest: 99ec6f83

Response Measures

Full suspension, Books examined

Other: OCR indicates comptroller Ernest said bank was liquid but closed; likely state examiner involvement.

Description

OCR errors corrected (article header and some words). Article (The Palm Beach Post, 1929-07-20) reports a light run on the State Bank in Tallahassee and that the Comptroller said the bank was liquid but closed after the run. No reopening or receiver is mentioned; treated as permanent closure following a run. Cause of run not specified in article, so coded as 'other'.

Events (2)

1. July 19, 1929 Run

Cause Details: Article only reports a light run without attributing a cause (no rumors, correspondent failures, or bank-specific scandal described).
Newspaper Excerpt: STATE BANK CLOSES AFTER LIGHT RUN
Source: newspapers

2. July 19, 1929 Suspension

Cause Details: Bank closed after the light run; Comptroller reported the bank was liquid but closed. Article gives no indication of government receivership or voluntary liquidation.
Newspaper Excerpt: The State Bank reached the state banking department Friday. The Comptroller ... said, liquid but closed ...
Source: newspapers

Newspaper Articles (1)

1. July 20, 1929 The Palm Beach Post West Palm Beach, FL

Article from The Palm Beach Post, July 20, 1929

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Article Text

STATE BANK CLOSES AFTER LIGHT RUN Tallahassee, July Rethe the State Bank reached the state banking departFriday. The Comptroller Ernest said, liquid but closed measlight run The bank had capital surplus $16,000; deposits $70,800 and assets $99,300. according its last report, which was March.