First National Bank - Tarpon Springs, FL

Bank Information

Episode Type: Suspension → Closure
Bank Type: national
Bank ID: 12274
Charter Number: 12274
Start Date: April 8, 1933
Location: Tarpon Springs, Florida (28.146, -82.757)

Metadata

Model: gpt-5-mini
Short Digest: 0569bd7a

Response Measures

None

Receivership Details

Depositor recovery rate: 67.0%
Date receivership started: 1933-10-26
Date receivership terminated: 1937-08-13
Share of assets assessed as good: 48.0%
Share of assets assessed as doubtful: 44.2%
Share of assets assessed as worthless: 7.8%

Description

OCR'd article (Tampa Times, 1933-04-08) states stock subscribed for a new First National Bank Tarpon Springs 'will enable institution pay off in full all depositors present bank' and that a charter will be applied for. The text implies the prior bank had stopped (or failed) and a new national bank is being organized to pay depositors; no explicit run is described in the excerpt. I therefore classify as a suspension/closure with reorganization into a new national bank. OCR errors corrected for readability; no explicit cause for the suspension is given in the text.

Events (4)

1. November 18, 1922 Chartered

Source: historical_nic

2. April 8, 1933 Other

Newspaper Excerpt: stock has subscribed ... the new bank for Sponge known First National Bank Springs, that will held subscribers ... First National Bank Tarpon Springs will enable institution pay off in full all depositors present bank. charter for the bank will applied soon the stock bank immediately afterwards.
Source: newspapers

3. April 8, 1933 Suspension

Cause Details: Article does not specify cause of stoppage/failure; only indicates organization of a new national bank to pay depositors.
Newspaper Excerpt: First National Bank Tarpon Springs will enable institution pay off in full all depositors present bank. charter for the bank will applied soon
Source: newspapers

4. October 26, 1933 Receivership

Source: historical_nic

Newspaper Articles (1)

1. April 8, 1933 The Tampa Times Tampa, FL

Article from The Tampa Times, April 8, 1933

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Article Text

Grapefruit Growers Urged to Sign Up in Marketing Campaign Winter Haven, April special grapefruit marketing mittee working through the Clearing House dispatched letter all shippers and growers, signed the contract, urging them join with the cent in the The letter states the keting program being handled purpose that of endeavoring bring fair turn grapefruit committee intends publish April list all shippers have joined this movement" who have not. The committee consists Mouser, Orlando, chairman: Woolfolk, Lawrence Gentile. Commander, the Florida Citrus Exchange, and W. Roe, Winter Haven. Next week's allotment been placed at not exceed 600 cars. NEW NATIONAL BANK. stock has subscribed 000 the new bank for "Sponge known First National Bank Springs, that will held subscribers, other fifty per by the tion Organization First National Bank Tarpon Springs will enable institution pay off in full all positors present bank. charter for the bank will applied soon the stock bank immediately afterwards.