Gulf National Bank (Tampa, FL)

View Charter #4478 on SPMC View balance sheet

Episode Information

Episode UID
447801122
Episode Type
Suspension → Closure
Bank Type
national
Bank ID
44780 national
Charter Number
4478
Start Date
June 1, 1893*
Location
Tampa, Florida (27.948, -82.458)

Metadata

Model
gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
4045a27d5d026c5d

Response Measures

None

Receivership Details

Depositor recovery rate
100.0%
Date receivership started
1893-07-14
Date receivership terminated
1899-05-24
OCC cause of failure
Losses
Share of assets assessed as good
78.3%
Share of assets assessed as doubtful
10.7%
Share of assets assessed as worthless
11.0%

Description

Suspension in June 1893 followed by appointment of a receiver July 14, 1893 and later dividend to creditors indicates permanent closure under receivership.

Events (5)
1. December 2, 1890 Chartered
Source
historical_nic
2. June 1, 1893* Suspension
Cause
Local Banks
Cause Details
Suspension attributed to distrust following failures at Brunswick and related regional bank failures (panic-related local contagion).
Newspaper Excerpt
The condition of the Gulf National Bank of Tampa, Fla., which has suspended, will be examined.
Source
newspapers
3. July 14, 1893 Receivership
Source
historical_nic
4. July 14, 1893 Receivership
Newspaper Excerpt
The Comptroller of the currency has appointed J. B. Anderson receiver of the Gulf National Bank, of Tampa, Fla.
Source
newspapers
5. December 19, 1893 Other
Newspaper Excerpt
The Comptroller of the Currency has declared a dividend of 45 per cent. (the first dividend) in favor of the creditors of the Gulf National Bank, of Tampa,
Source
newspapers

Newspaper Articles (12)
1. June 3, 1893 The Roanoke Times Roanoke, VA
Article from The Roanoke Times, June 3, 1893

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Article Text

ROANOKE, VA., JUNE 3, 1893. THE !OUTHERN FINANCIAL SITUATION. It has been said by some financiors that the ultimate result of the bank failures in Australia will be to send more European money to this country for safe investment. Should this prove to be the case the South will undoubtedly receive 3 large share of it, as it has always been a favorite field for foreign investors. That there is money enough in the country, says the Manufacturers' Record, is shown when a first class security 1S offered. Recently two bond issues were made, which were taken up without delay. One was the new'4 per cent. bonds of the Pennsylvania railroad, and the other an issue of $300,000 in 5 per cent. bonds of the City and Suburban railway, of Baltimore. This last was part of a total issue of $1,000, 000, and was taken at 1121/2 and interest. The financial situation in the South presents the feature of caution more than any other. There is no lack of money, but banks and investors, still feeling uneasy from the disquieting reports from New York, are cautious in their movements. A feeling of distrust and insecurity following the Ulman failures at Brunswick, Ga., caused the State Bank to close its doors. A rumor was started that it was insolvent and caused an application for a receiver to be made. The court bas not as yet granted the application. and the bank officers ask an exa roination to prove its solvency. The Kissimmee Bank which suspended last week has been examined and shows available assets of $119,916.93, with liabilities of $72,598.87. It will resume business at once. The condition of the Gulf National Bank of Tampa, Fla., which has suspended, will be examined. This action was caused by the Brunswick failures. The Richmond Terminal reorganization, from which the South expects much, progresses but slowly. The plans of Drexel, Morgan & Co., are regarded by many security holders as slighting their interests, and 3 well defined opposition movement is going on which will effectually block the reorganization unless an amicable settlement is arrived at The Georgia Central suit. which has hold a position only second to Richmond Terminal in railroad affairs, promises to come to some more or less definite conclusion within the next week. This is much to be desired, as this property is too valuable to be tossed about as it has been.

2. June 7, 1893 The Star Reynoldsville, PA
Article from The Star, June 7, 1893

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Article Text

LATE TELEGRAPHIC JOTTINGS BOTH FROM HOME AND ABROAD. What is Going On the World Over. Important Events Briefly Chronicled. Financial and Commercial. At Sioux Falls, 8. D., the Bank of Bererford, R private institution, with capital of $25,000 has failed. Wells & Garretson, private bankers at Fairfield, Iowa, have suspended payment to await the result of collections. Their total liabilities are estimated at $50,000 and their assets at over 80.000. --ALEXANDER DEUTOCH. one of the hig dry goods men of New York, makes his wife's gowns. It is said that he could give Worth pointers on dressmaking if it were worth his while. Comptroller Eckels was informed of the failure of the Gulf National Bank, of Tampa, Fla. The capital of the bank was $50,000, and the individual deposits $123,346. The total liabilities of the failed Yates Bank of Rochester, N. Y., are $4,118,803 93, with only $500,000 of unhypothecated assets to meet unsecured and contingent liabilities of $2,868,539 99. The creditors of Ex-Secretary Foster met in Fostoria. O., and agreed to accept 50 per cent. in payment of their clai ms. the pay. ment of the balance to rest with Mr. Foster's future ability and judgment. Mr. Foster says he soon will be able to pay 50 per cent.

3. June 8, 1893 The Middleburgh Post Middleburg, PA
Article from The Middleburgh Post, June 8, 1893

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Article Text

LATE TELEGRAPHIC JOTTINGS BOTH FROM HOME AND ABROAD. What is Going On the World Over. Important Events Briefly Chronicled. Financial and Commercial. At Sioux Falls, 8. D., the Bank of Beresford. a private institution, with capital of $25,000 has failed. Wells & Garretson. private bankers at Fairfield, Iowa, have suspended payment to await the result of collections. Their total liabilities are estimated at $50,000 and their assets at over $80.000. -ALEXANDER DEUTOCH. one of the hig dry goods men of New York, makes his wife's gowns. It is said that he could give Worth pointers on dressmaking if it were worth bis while. Comptroller Eckels was informed of the failure of the Gulf National Bank, of Tampa. Fla. The capital of the bank was $50,000, and the individual deposits $123,346. The total liabilities of the failed Yates Bank of Rochester, N. Y., are $4,118,863 93, with only $500,000 of unhypothecated assets to meet unsecured and contingent liabilities of $2,868,539 99. The creditors of Ex-Secretary Foster met in Fostoria. O., and agreed to accept 50 per cent. in payment of their clai ms. the pay. ment of the balance to rest with Mr. Foster's future ability and judgment. Mr. Foster says he soon will be able to pay 50 per cent.

4. July 15, 1893 Richmond Dispatch Richmond, VA
Article from Richmond Dispatch, July 15, 1893

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Article Text

Telegrams Made Terse. Vice-President Stevenson and party are rived at Los Angeles, Cal., yesterday. Advices from Warsaw, Poland. state that the expulsion of the Jews is continued see cretly. The National Bank, of Kaneas City. Mo. has closed its doors. Liabilities estimated at $1,000,000. The Comptroller of the currency has appointed J. B. Anderson receiver of the Gulf National Bank of Tampa, Fls. The Mercantile Bank. of Memphia, Teun., yesterday withdrew from the Memphis Clearing-House Association. Jules Aldige, one of the wealthiest eith zens of New Orleans and largely identified with cotton-seed oil mills, died in Paris yesterday. The British House of Commons has agreed to an address of congratulation to be presented to the Queen upon the recent marriage of the Duke of York and Princess May. The new United States cruiser Detroit, in tow, left the Columbian Iron-Works Baltimore, yesterday for the Norfoiknavi. yard, where she will receive her arma. ment. It is announced that as a result of the failure yesterday of the National Bank of Kansas City, Mo., the Frankifh Savings Bank of the same town will to-day make an assignment. The assets areabout $15,000. The reports from the Bavarian parlia. mentary elections show that seventy-three Clericals, sixty-eight Liberals, three Con. servatives, seven members of the Peasants' League, five Social Democrats, and one Democrat have been returned. The Grand Duke Michael, uncle of the Czar. has persuaded the Czar to postpone indefinitely the expulsion of Jews from the Caucasus. The Grand Duke is under stood to be strongly opposed to the whole anti-Semitic policy of the Russian government. Two of those wounded in the West. Shore wreck at Newburg, N. Y., died Thursday night-Julia Michel, of Brook. lyn, whose skull and thigh were fractured, and Charles E. Sistare, of New London, Conn., who suffered from fractured ribs and internal injuries. The Interstate Commerce Commission yesterday confirmed the report from Tacoma, Wash., that President Van, horn. of the Canadian Pacific Hailread Company, and several local agents of the road bad been indicted by the grand jury for violations of the interstate commerce act in making secret cut-rates for passongers.

5. July 15, 1893 Evening Star Washington, DC
Article from Evening Star, July 15, 1893

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Article Text

Bank Receiver Appointed. The controller of the currency has appointed Mr. J. B. Anderson receiver of the Gulf National Bank of Tampa, Fla.

6. July 15, 1893 The Times Richmond, VA
Article from The Times, July 15, 1893

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Telegraphic Brevities, WASHINGTON, July 14.-The Comptroller of the Currency has appointed J. B. Anderson receiver of the Gulf National Bank, of Tampa, Fla. NEW ORLEANS, July 14.-A private dispatch says that Jules Aldige, one of the wealthiest citizens of New Orleans, and largely identified with cotton seed-oil mills, died in Paris to-day. MEMPHIS, TENN., July 14.-The Mercantile Bank, of this city, to-day withdrew from the Clearing-house Association, which hitherto comprised nine of the leading banks of the city. The cause of the withdrawal is given out to be the result of a business disagreement among the members. WASHINGTON, D. C., July 14.-The minimum port carriage for the twelveinch gun ordered from the Gruson works, Germany, by the Bureau of Ordnance, War Department, will be tested at the proving-ground, Mepen, Germany, some time this month. The carriage will be inspected by Captain Mitchan after the test. The carriage was ordered through Mr. Satterly, of New York, the agent of the company in this country. GREENVILLE, S. C., July 14.-Near Grier's station, ten miles from here, today Tom Toney cut Jim Cox with a pocket-knife, severing (his jugular-vein and killing him instantly. The men were visitors at the residence of John Cox, a brother of Jim, who was giving a dinner in honor of the twenty-first birthday of Toney's son, Henry. The trouble began in a friendly scuffle between Henry Toney and Jim Cox. All parties concerned are substantial farmers. NIAGARA, July 14.-John W. Ferrier, wife and two children, of New York city, have been visiting in this city since last Wednesday. This morning Mr. and Mrs. Ferrier, with the two boys, the youngest four and one-half years old, drove down to the battery whirlpool rapids elevator, and started to take the ride down to the bottom of the gorge. The youngest child ran ahead of the party toward the elevator shaft, and before he could be checked, or his parents realized his danger, he disappeared, falling 210 feet. He was crushed in a fearful manner at the bottom.

7. July 15, 1893 The Morning News Savannah, GA
Article from The Morning News, July 15, 1893

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Article Text

Tampa's Bank Receiver. Washington, July 14. The Comptroller of the currency has appointed J. B. Anderson receiver of the GulfNational Bank, of Tampa, Florida.

8. August 27, 1893 The Morning News Savannah, GA
Article from The Morning News, August 27, 1893

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THE SCARE OVER AT TAMPA. Business Prospects are Brighter and a Good Fall Trade Expected. Tampa, Fla. Aug. 26.-Since the recent scare over what was supposed to be yellow fever, but in reality turned out to be malarial troubles, our citizens are beginning to return. The scared look is dying on the faces of those who were not prepared to flee, and things have returned to their normal condition. The health authorities are commended for their prompt action in the matter, and our citizens ought to feel assured that if an epidemic should break out they would be warned in ample time to escape the dread disease. Health Officer Porter returned yesterday from Mullet Key, where he has been on an inspection tour to the quarantine station. The Markomania has been released, and she is now on her way to port. The diagnosis of the cases at quarantine station proved them to be only mild forms of malarial fever, and on that authority the steamer was allowed to go on her way. The authorities at Port Tampa are vigilant and all suspicious vessels are sent immediately to Tortugas. Yesterday found a small sloop at the dock which was immediately sent to the station. It contained only three or four persons. TRAVEL RESUMED. Quarantine restrictions have been raised against the port and travel has been resumed. Our citizens are inclined to be indignant at the many false reports sent from this place, as it has damaged the commercial interest of the city to an untold extent. No doubt many of the reports were only in the minds of those who were panicky and who left the city by first train, spreading the rumor that eight cases had developed in the city. The officials here would request that such persons stay out in smaller towns for an indefinite period or learn that silence is golden. The local press of the city aredoing much to keep down any excitement that false reports might create, and the managers of the Tribune and the Times are to be commended for the oil that has been poured on the recent troubled waters by their pens. BUSINESS IMPROVING. The business outlook for the city is growing brighter daily, and with the opening of Tampa Bay hotel on Dec. 1st, our business circles are imbued with new vigor and activity. The Gulf National Bank is reported to be getting in shape to resume business soon under the management of Dr. Anderson. Many of our citizens who were depositors are looking anxiously forward to the day when it opens for business again.

9. December 19, 1893 Richmond Dispatch Richmond, VA
Article from Richmond Dispatch, December 19, 1893

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Telegraphic Tersities. George De B. Keim, formerly vice-president of the Reading railroad, died in Philadelphia yesterday. J. W. Parker & Co., ship-brokers and ship-owners, New York, have assigned. The Comptroller of the Currency has declared a dividend of 45 per cent. (the first dividend) in favor of the creditors of the Gulf National Bank, of Tampa,

10. April 6, 1894 The Morning News Savannah, GA
Article from The Morning News, April 6, 1894

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TOPICS IN TAMPA. New Banks to Be Opened in That City and Manatee. Tampa, Fla., April 5.-The Exchange National Bank, organized several weeks ago, will open April 9, with Rev. J. B. Anderson as cashier and T. N. Stockton, of Jacksonville, as president. It IS rumored that a branch will be established in Ybor City as soon as practicable. Mr. Anderson, the cashier, has been receiver for the defunct Gulf National for the psst year. The Ybor City branch will handle a large amount of money, as the immense cigar factories of Tampa are located in that portion of the city. While the tourist season is rapidly closing, the people are confident of a good financial summer, and it is thought that the stringency is past, in that while we have had only one bank we will now have three, and it will naturally lighten up the pressure. It is rumored that over $700.000 is now locked within the vaults of the First National Bank. The Tampa and Manatee Telephone and Telegraph Company was organized yesterday with a large capital stock. F. A. Salomonson was elected president, H. L. Knight, vice president, and A. S. Padgett, secretary and treasurer. This company contemplates putting in a complete system of telephones throughout the city and making connections with the Manatee river country by telegraph.

11. April 1, 1904 The Ocala Banner Ocala, FL
Article from The Ocala Banner, April 1, 1904

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Returns to the Church. Mr. J. B. Anderson, at one time regarded as the most eloquent minister in the Methodist Episcopal church, South, and who, it will be remembered, severed his connection with the church about ten years ago to accept a position as receiver of the Gulf National Bank at Tampa and when the affairs of that bank were closed up accepted the position of cashier of the Exchange National Bank, of Tampa. For several years past Mr. Anderson has been engaged in the life insurance business. On Monday night at the Culpepper tent revival now going on in Tampa, Mr. Anderson made a public confession of his many transgressions and announced his complete reconversion to the Christian faith and for an hour electrified the large audience with an eloquent sermon on the folly and sinfulness of sin. It is believed that it is Mr. Anderson's intention to return to the Methodist church and again enter the ministry.

12. March 16, 1917 The Pensacola Journal Pensacola, FL
Article from The Pensacola Journal, March 16, 1917

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Fine Record. Depositors in Tampa banks have never lost a dollar. That is the record of the city's financial institutions. upheld throughout a period of close to forty years. From the days when Tampa was just a growing village and its banking needs were small indeed, to the present, every deposit that has been trusted to a Tampa banker has been safely handled and although several banks have dropped out from time to time, from one cause or another, their passing has not been atetnded by loss of the depositors. It is indeed a good record, one of which any city would be proud, with cause, for it means that safety has always been a foremost consideration, and that no circumstances have led the bankers away from the depositors' interests. In the city's history, two banks have been forced to close their doors-the old Gulf National bank. years ago, and the Bank of Tampa, in more recent time. And in each instance a receiver has taken hold in such a manner, and handled