Article Text
The Citizens bank of Mayo has . been forced to suspend for advancing more money on school warrants than it could realize on. For its patriotism the citizens of Mayo should have rushed to its aid to a man.
Citizens Bank (Mayo, FL)
Episode Information
- Episode Type
- Suspension → Closure
- Start Date
- May 27, 1921
- Location
- Mayo, Florida (30.053, -83.175)
- Bank Type
- state
- Routing Number
63-0181
Metadata
Notes
Article states the bank was forced to suspend for bad advances; no follow-up on reopening or receivership in provided items.
Events (1)
1.
May 27, 1921
Suspension
- Cause
- Bank Specific Adverse Info
- Cause Details
- Advanced more money on school warrants than it could realize, creating insolvency/illiquidity.
- Newspaper Excerpt
- The Citizens bank of Mayo has . been forced to suspend for advancing more money on school warrants than it could realize on.
- Source
- newspapers
Newspaper Articles (1)
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