Carlton National Bank - Wauchula, FL

Bank Information

Episode Type: Suspension → Closure
Bank Type: national
Bank ID: 10691
Charter Number: 10691
Start Date: March 1, 1929*
Location: Wauchula, Florida (27.547, -81.811)

Metadata

Model: gpt-5-mini
Short Digest: 21b65f7f

Response Measures

None

Receivership Details

Depositor recovery rate: 49.7%
Date receivership started: 1929-02-21
Date receivership terminated: 1935-12-28
OCC cause of failure: Governance
Share of assets assessed as good: 37.2%
Share of assets assessed as doubtful: 52.3%
Share of assets assessed as worthless: 10.5%

Description

Articles show Carlton National Bank, Wauchula, placed in receivership and the receiver pursuing claims; a July 1929 item notes the bank failed to open for business. No article describes a depositor run prior to suspension or any reopening. Receiver appointments referenced federal officials (deputy comptroller), so closure appears government-supervised/receivership.

Events (5)

1. January 23, 1915 Chartered

Source: historical_nic

2. February 21, 1929 Receivership

Source: historical_nic

3. March 1, 1929* Suspension

Cause: Government Action
Cause Details: Bank placed in receivership under federal supervision (deputy comptroller involvement); payments suspended and receiver appointed.
Newspaper Excerpt: representing the receivers of the Carlton National bank Wauchula
Source: newspapers

4. March 3, 1929 Receivership

Newspaper Excerpt: Is Representing Bank Receivers W. B Crichlow ... has been retained as general counsel by the receivers of the Carlton National bank Wauchula
Source: newspapers

5. July 26, 1929 Other

Newspaper Excerpt: the Carlton National Bank Wauchula also failed open their doors yesterday.
Source: newspapers

Newspaper Articles (5)

1. March 3, 1929 The Bradenton Herald Bradenton, FL

Article from The Bradenton Herald, March 3, 1929

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Is Representing Bank Receivers W. B Crichlow, a member of the local bar. has been retained as general counsel by the receivers of the Carlton National bank Wauchula, First National bank Avon Park and First National bank of Punta Gorda. The pointment came through F. G. Awalt. deputy comptroller. ar Crichlow is also representing the receiver for the American National bank of Sarasota, Canada spends an estimated $6,000,000 every year for Amer ican publications and only $33,000 a year for British periodicals.

2. May 7, 1929 The Bradenton Herald Bradenton, FL

Article from The Bradenton Herald, May 7, 1929

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Crichlow Is Attorney For Bank Receivers W B Shelby Crichlow has just been appointed general counsel and attorney for the receiver of the First National bank of Sebring. This is being under the supervision of the the treasury department of the United States This the fifth receivership of national banks which is being represented by Mr. Crich low general counsel and attor ney The other receivership which he represents American Na tional bank of arasota, First National bank of Punta Gorda. Carlton National bank of Wauchula, and First National bank of Avon

3. July 26, 1929 The Anniston Star Anniston, AL

Article from The Anniston Star, July 26, 1929

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BEATEN Jefferson County Investigation Shows "Grave Irregularities" BIRMINGHAM. Ala., July 26. Jefferson County grand jury returned partial report its activities in Birmingham bank investigations today which charged that "grave irregularites" were found handing funds of the defunct Woodlawn ings Bank. The report declared that Dr. late president of the bank had been found indebted to the tent thousands dollars" many the bank. Dr. Bell drowned the Coosa River near here July an hour before the bank closed its doors the result of heavy run on resources by its depositors. His death was declared accidenby the coroner. is our desire to protect the depositors of the Woodlawn bank," the report said. recommend that immediate action be taken the liquidating agent to prevent disposition of any funds of Dr. Bell's estate." The report did not mention the result of its investigation of three other banks in the district which closed early this month. They were the Avondale Bank and Savings Company, City Bank and Trust Company and Leeds State Bank. The Bank of closed for one week but since has been reopened. With submission of its reports, the grand jury until July allow state auditors work accounts the closed banks to continue their work. Bell's Death Probe Ala., July Alabama will today that Attorney General Charlie McCall has started an vestigation of the death Dr. Bell, member of the Jefferson County Board of Revenue and president the defunct Savings Operatives of the attorney genreported following three in their Dr. Bell drowned that he committed cide, that he killed and his body thrown into the river. Dr. Bell left Birmingham on the morning bank taken the State Banking Department. His found days later fish trap in the Coosa River near Vincent. Tilden Loses To Cochet Straight Sets: Borotra Defeats Lott ROLAND GARROS STADIUM. AUTEUIL. July 26. France both singles matches the opening day's play of the Davis Cup challenge round Cochet defeating William Tilden Borotra had beaten George Lott in four sets packed gallery of 8,000 perched in the warm watched the two Frenchmen rout the American players. Although Lott won one set from Borotra carried the fourth to deuce, there was never moment during the match when blonde Chicago boy looked like winner. Occasionally he had Borotra and hard, bounding Basque's finer assortment of strokes and daring net play quere him. Tilden was completely at the of Cochet who the American veteran only six games the three By winning both matches today, France virtually clinched the Davis another To retain the Cup for year. she needs only one more victory the remaining three matches, the doubles tomorrow and the two singles Sunday. result of the two French As triumphs, will with Cochet in the pair Wilmer Allison and John against Van Ryn tomorrow in order give Borotra an extra day's rest for his match Tilden Sunday. Lott will play Cochet in the other singles Sunday. It Gochet only 50 minutes swamp Tilden. The effortless ground canny covering and racquet magic completely routed the tried stroke in his Tilden every Cochet kept driving reportory the ball back until Big Bill finally Bank Closes In Florida number of closed Florida banking institutions had mounted 31 today with the here that the State Bank mond failed to open for business. The First National Bank at Park and the Carlton National Bank Wauchula also failed open their doors yesterday. The National Governor Carlton owned largely Florida other members of the governor's family. RAIN DELAYS FLIGHT TACOMA. Wash., July 26. Clouds, fog and Islands and British Columbia tian to keep Lt. Harold were expected from starting his 4.700 mile Bromley flight to Tokio yesterday Lockhead flight Bromley took with gallons stayed

4. July 22, 1930 The Tampa Tribune Tampa, FL

Article from The Tampa Tribune, July 22, 1930

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U.S. WINS SUIT FOR DUTY ON IMPORTED TILE Miami Company Must Pay $3000 Damages A lengthy dispute between the United States government and Wilson & Cook. Inc., of Miami, over duty assessed on 200,895 pieces of Spanish roofing tile imported from Cuba for Florida building during the boom came to an end in federal court here yesterday with a default verdict for $3051 against the importing concern. The award was made by a jury in a suit in which the government asked $6000 damages. The tile was imported Jan. 2. 1926, and in November of that year the company paid $936. but refused to pay the rest, the declaration said. The case was first carried to the customs court. but Appraiser Serafin Sanchez of Tampa was upheld by that court. The damage suit was filed last July. One of 17 Suits The tile duty case was one of 17 suits in which the jury assessed awards, all being by default. Today a hearing on bankruptcy petition against the Lakeland Manufacturing company has been set. The case will be argued before jury. The largest award made yesterday was in favor of the American Argicultural Chemical company in the sum of $24,828 against L. M. Pipkin, W. S. Rodgers and J. E. Milton. It was in a suit in which the chemical company sought $25,000 damages for alleged failure to pay promissory note. The note was for $18,901. with $4426 in interest and $1500 attorney fees. Bank Receivers Get Verdicts All other verdicts were for receivers of closed banks against individuals. They follow: L. J. Blakey, as receiver First National bank of Punta Gorda, vs. R. I. Harris. The verdict was for $800 with $152 interest and $145 attorney fees. Receiver Blakey also was given a verdict for $1684. including interest and attorney fees, against G. W. Williams; $605 against Earl D. Farr and D. F. Smoak $1770 against H. G. Murphy: $605 against Farr. and another for $4314 against Farr: $3543 against R. Jack, and $6280 against D. F. Smoak. As receiver of the Carlton National bank of Wauchula, Blakey was awarded a verdict of $762 against L. W. Pace and Nellie M. Close; $609 against Nolan King and G. N. Albritton, and $773 against D. J. Cowart. Carl E. Lien. as receiver of the First National bank of Avon Park, was given a verdict for $1078 against R. B. Davidson. Harold S. Day, as receiver of the First National bank of Avon Park, got a verdict of $1097 against Mrs. Mary Steel Swearingen. As receiver of the First National bank of Sebring, he got $1082 against E. B. Hatton, and as receiver of the same bank. Lien was awarded $4538 against the Val Mar Inc. A. F. Rawlings, as receiver of the First National bank of Sanford. was given verdict for $4085 against James E. Parrott.

5. January 11, 1932 The Tampa Times Tampa, FL

Article from The Tampa Times, January 11, 1932

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DEFAULTS ARE FILED AGAINST Federal Jury Returns Verdicts Involving $50,000 Total. Federal court got under way today with Judge Alexander Akerman presiding, disposed of default cases, aggregating about $50,000, and adjourned until 9:30 o'clock tomorrow morning. When opened there were 69 cases on the calendar, one the largest civil dockets on record with the total amount of the various suits being close cases involved suits brought by bank receivers in this territory of issory There two outside Florida; the Federal Reserve bank Atlanta D. Ratliff, $7,500, and Don P. Stroud, receiver of the Howard bank, Ind., VS. Ed Humpe, verdicts were promptly made without protest and the verdicts signed by the same individual juryman, James D. Beggs, real tate operator of Orlando. After Beggs had signed his name about 20 verdicts on behalf the jury, Judge said: making Orlando work when she comes here.' The cases disposed of were as follows: Shelton, receiver, First National Bank of Sarasota, VS. Wm. P. McDonald; M. Anderson, Central Bank and St. PeVS. Charles W. receiver, First Na. tional Bank Sanford, VS. E. E Brady; Anderson VS. Donovan Sons, Inc.; W. Doepke, receiver, Carlton National Bank, Wauchula, H. Brown; A. Doepke tion; Doepke, vs. Roberts; Harwell vs. M. Rumley; Doepke vs. Skipper; W. Harwell Eupha Finnell; A. W. Doepke vs. H. Smith. The jury was composed of Beggs and Slauson, Orlando; Minns, Tampa E. Nyberg, Limona; Whitaker Inverness; N. E. Barnes, Plant City: Ayres, Brooksville; H. Elden, Tarpon Springs; Fred Fariss, Tampa; Tyner, Plant City R Sappington, Avon Park Lynn Silvertooth, Sarasota; C. W. Greene, Tampa. Others called subject to jury duty are: Lr. Poole, New Port Richey: O. Lesley, Wauchula Paul Fatic, Sarasota: Cunningham, St. Petersburg: W. Wilson, Inverness; Campbell, Glenn Evins, Tampa, and W. E. Smith, Inverness.