Bank of Tavares - Tavares, FL

Bank Information

Episode Type: Suspension → Closure
Bank Type: state
Start Date: June 30, 1898
Location: Tavares, Florida (28.804, -81.726)

Metadata

Model: gpt-5-mini
Short Digest: e81d90bd

Response Measures

None

Description

Article (The Morning News, 1898-06-30) states officers gave notice the bank 'will close within a short time' and invited depositors to withdraw; it affirms there is enough money to pay claims and cites unprofitable/ scarce circulation business as the reason. No run is described. This appears to be a voluntary suspension leading to permanent closure.

Events (1)

1. June 30, 1898 Suspension

Cause: Voluntary Liquidation
Cause Details: Officers announced bank would close because continued unprofitable business and scarcity of circulation; invited depositors to withdraw; bank stated it has funds to pay claims.
Newspaper Excerpt: Note has been given by the officers of the Bank of Tavares that the bank will close within a short time. All depositors are invited to call and withdraw their deposits. There is plenty of money in the bank to pay all claims against it.
Source: newspapers

Newspaper Articles (1)

1. June 30, 1898 The Morning News Savannah, GA

Article from The Morning News, June 30, 1898

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Article Text

FLORIDA. Edward Heinson, a colored boy, will hang at Jacksonville next Wednesday for criminally assaulting a white girl on April 11 Thirty of the leading merchants of St. Augustine have signed a petition agreeing to close their places of business every Thursday at noon from the last Thursday June until the last Thursday in Sepember of this year. A programme of ports will be arranged for the half-holday each week. While Thomas Ingraham and a party ere rowing off the government reservaat Key West Sunday morning, they a ghastly object floating in the shalwater. It proved to be the dead body a Cuban, Francisco Roigers. No marks busises were found on the body, and it thought that the death was caused by coident or suicide. Charles W. Forrester, chairman of the Democratic executive committee for (De Boto county, has issued a call for the committee to convene at the court house in Accadia, on Saturday, July 2. The obect of the meeting is to recommend to the overnor some suitable person to fill the vicancy to be made by the suspension fromoffice of Owen H. Deshong, sheriff. Note has been given by the officers of the Bink of Tavares that the bank will close within a short time. All depositors are inited to call and withdraw their deposits There is plenty of nioney in the bank D pay all claims against it. The money in it to continue unprofible scarcit of circulation business makes longer. The Bak of Tavares was opened about twelve ears ago, and has done well until within be last year or two. T.P. loyd, attorney, of Inverness, passed throgh Ocala Tuesday on the Plant System Hospital car. bound for the Waycross hopital. Some months ago he accidentally injured his right hand. The injury aftewards developed into a malignant caner, causing him constant and inpar. He has remedy in his every tense effect knwn exhausted efforts almost to a dre, bit it has gradually grown uni it almost threatens recent determined to have He Worse, the his hand life. amputated and is on his way to the hospital for hai purpose. It is reputed at West Palm Beach that the party has left there several months ago to seek their fortunes in the Copper