Bank of Tavares - Tavares, FL

Bank Information

Episode Type: Suspension → Reopening
Bank Type: state
Start Date: May 25, 1894
Location: Tavares, Florida (28.804, -81.726)

Metadata

Model: gpt-5-mini
Short Digest: 0b09c116

Response Measures

None

Description

Article (May 25, 1894) reports the Bank of Tavares had suspended earlier during the late financial stringency (the Panic of 1893) and is making installment dividend payments to depositors; a third quarterly payment was declared and one more will restore the bank to independence. No explicit run is described, so this is a suspension with successful resumption of payments/reopening.

Events (2)

1. May 25, 1894 Reopening

Newspaper Excerpt: The Bank of Tavares declared a third quarterly dividend Tuesday of the 25 per cent. of as deposits agreed to be paid its depositors ... One more such payment will place the bank upon an independent basis again.
Source: newspapers

2. * Suspension

Cause: Macro News
Cause Details: Suspended during the late financial stringency (systemic financial panic of 1893).
Newspaper Excerpt: the Bank of Tavares ... agreed to be paid its depositors at the time of its suspension during the late financial stringency.
Source: newspapers

Newspaper Articles (1)

1. May 25, 1894 The Morning News Savannah, GA

Article from The Morning News, May 25, 1894

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Article Text

FLORIDA. The Foote Commercial Phosphate Works it Bartow are expected to begin regular operations this week. Hunter Fudge, charged with robbing the Grasmere postoffice, was put on trial at Jacksonville Wednesday and acquitted. Sigo Myers. the well-known cigar manufacsurer of Janksonville. is now in New York, recovering from a delicate and painful surgical operation. Benjamin S. Crosby, for twenty years a resdent of San Mateo. and one of the most promnent business men of Putnam county. died Tuesday night. The Bank of Tavares declared a third quarerly dividend Tuesday of the 25 per cent. of as deposits agreed to be paid its depositors st the time of its suspension during the late inancial stringency. One more such payment will place the bank upon an indepenlent basis again. Deputy Sheriffs Kurtz and Foback made a 'aid at DeLeon Springs during the emancipaion pienic there on Monday, and captured