2622. Snell National Bank (Winter Haven, FL)

View Charter #10379 on SPMC

Bank Information

Episode Type
Suspension → Closure
Bank Type
national
Bank ID
10379
Charter Number
10379
Start Date
November 9, 1931
Location
Winter Haven, Florida (28.022, -81.733)

Metadata

Model
gpt-5-mini
Short Digest
3080a9f5

Response Measures

None

Receivership Details

Depositor recovery rate
79.3%
Date receivership started
1933-01-19
Date receivership terminated
1936-09-16

Description

Articles state a receiver was appointed (Nov. 9, 1931) and later a new receiver named in 1934 to liquidate four closed national banks including Snell National Bank. No mention of depositor runs; bank was closed and in receivership.

Events (6)
1. May 1, 1913 Chartered
Source
historical_nic
2. May 1, 1930 Voluntary Liquidation
Source
historical_nic
3. November 9, 1931 Receivership
Newspaper Excerpt
appointed receiver for several Polk county banks Nov. 9, 1931 ... the Snell National bank. of Winter Haven, and the First National bank, of Auburndale.
Source
newspapers
4. November 9, 1931 Suspension
Cause
Government Action
Cause Details
Federal receiver appointed for the bank (closure by receiver assignment).
Newspaper Excerpt
appointed receiver for several Polk county banks Nov. 9, 1931 ... the Snell National bank. of Winter Haven
Source
newspapers
5. January 19, 1933 Receivership
Source
historical_nic
6. May 16, 1934 Other
Newspaper Excerpt
Charles I. Dwiggins ... has been named receiver of four closed national banks in Polk county ... and the Snell National at Winter Haven.
Source
newspapers

Newspaper Articles (2)
1. May 11, 1934 The Tampa Tribune Tampa, FL
Article from The Tampa Tribune, May 11, 1934

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Article Text

J. C. Shelton Resigns As Polk Bank Receiver LAKELAND, May (Special)J. C. Shelton, who was appointed receiver for several Polk county banks Nov. 9, 1931, today announced he has submitted his resignation to Comptroller J. F. T. O'Connor in Washington because of ill health. Shelton, who came here from St. Petersburg, is receiver for the First National bank, of Lakeland, the Snell National bank. of Winter Haven, the Polk County National bank, of Bartow, and the First National bank, of Auburndale.

2. May 17, 1934 The Tampa Tribune Tampa, FL
Article from The Tampa Tribune, May 17, 1934

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Article Text

New Polk Bank Receiver Prepares To Take Charge LAKELAND, May 16.-(Special) Charles I. Dwiggins, receiver of the National Bank of Commerce at Tarpon Springs, who has been named receiver of four closed national banks in Polk county, was here today to check over his new duties with J. C. Shelton, who has resigned because of ill health. Dwiggins is to be liquidator for the First National bank here, the First National in Auburndale, the Polk County National at Bartow and the Snell National at Winter Haven.