First State Bank - Winter Haven, FL

Bank Information

Episode Type: Suspension → Closure
Bank Type: state
Start Date: May 16, 1929
Location: Winter Haven, Florida (28.022, -81.733)

Metadata

Model: gpt-5-mini
Short Digest: 6ab1676b

Response Measures

None

Description

Article reports First State Bank of Winter Haven 'closed its doors' (May 16, 1929) as one of several Polk County banks that closed; no explicit separate run on this bank is described, so this is classified as a suspension that resulted in closure. Cause attributed to regional/local bank distress/panic.

Events (1)

1. May 16, 1929 Suspension

Cause: Local Banks
Cause Details: Closed as one of several Polk County banks after regional bank distress/a run at First National Bank of Lakeland; closure described as to 'conserve its assets and protect depositors.'
Newspaper Excerpt: The First State Bank of Winter Haven, Bartow and Lake Alfred ... were the others.
Source: newspapers

Newspaper Articles (1)

1. May 16, 1929 Evening Star Washington, DC

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Article Text

FLORIDA BANKS CLOSE. Lakeland, Winter Haven, Barto and Lake Alfred Firms Involved. LAKELAND. Fla., May 16 (P).-The First National Bank of Lakeland closed its doors yesterday to conserve its assets and protect depositors, according to a statement of the directors, following a run of nearly three hours. It was the fifth bank in Polk County to close. The First State Bank of Winter Haven, Bartow and Lake Alfred and the First National Bank of Auburndale were the others. Chile will spend $10,000,000 on new irrigation dams and canals this year.