Sponge Exchange Bank - Tarpon Springs, FL

Bank Information

Episode Type: Suspension → Closure
Bank Type: state
Start Date: June 24, 1922
Location: Tarpon Springs, Florida (28.146, -82.757)

Metadata

Model: gpt-5-mini
Short Digest: 634f93dd

Response Measures

None

Description

Article (Tampa Times, 1930-06-24) reports the Sponge Exchange Bank in Tarpon Springs as defunct and that E.R. Meres, receiver, is paying a final dividend. The bank closed eight years earlier (circa June 1922) and was placed in receivership. No contemporaneous run is described in the provided text.

Events (2)

1. June 24, 1922 Receivership

Newspaper Excerpt: E. R. Meres, receiver for defunct Sponge Exchange bank here ... announced final dividend would be paid to depositors next July; this makes total 63.8 per cent received by the creditors, said.
Source: newspapers

2. June 24, 1922 Suspension

Cause: Government Action
Cause Details: Bank closed and was placed in receivership (receiver later paying dividends).
Newspaper Excerpt: E. R. Meres, receiver for defunct Sponge Exchange bank here, which closed eight years today
Source: newspapers

Newspaper Articles (1)

1. June 24, 1930 The Tampa Times Tampa, FL

Article from The Tampa Times, June 24, 1930

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Article Text

Final Dividend Paid By Bank Receiver Tarpon Springs, June Hutchinson, representing E. R. Meres, receiver for defunct Sponge Exchange bank here, which closed eight years today announced final would paid depositors about next July This make total 63.8 per cent received by the creditors, said. Eight Duluth Icelanders have help thousandth the first republican government there.