Sumter County State Bank (Webster, FL)

Episode Information

Episode UID
63019971453
Episode Type
Suspension → Closure
Bank Type
state
Bank ID
6301997 routing
Routing Number
63-0199
Start Date
January 28, 1921
Location
Webster, Florida (28.610, -82.055)

Metadata

Model
gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
082466f4f42300a2

Response Measures

None

Events (1)
1. January 28, 1921 Suspension
Cause
Government Action
Cause Details
Comptroller closed the bank and appointed a receiver because of slow loan collections due to crop conditions and reduced reserves.
Newspaper Excerpt
The comptroller has closed the doors of the Sumter County State Bank at Webster and appointed a receiver for the institution.
Source
newspapers

Newspaper Articles (2)
1. January 29, 1921 Palatka Daily News Palatka, FL
Article from Palatka Daily News, January 29, 1921

Click image to open full size in new tab

Article Text

SUMTER COUNTY STATE BANK ORDERED CLOSED. Tallahassee, Jan. 29-The comptroller has closed the doors of the Sumter county state bank at Webster and appointed a receiver for the institution. Slow collections on loans due to crop conditions and a reduction of the bank's reserves caused this action to be taken. It was stated that the deposits in that the lossthe bani natirible

2. January 29, 1921 The Birmingham Age-Herald Birmingham, AL
Article from The Birmingham Age-Herald, January 29, 1921

Click image to open full size in new tab

Article Text

Florida Bank Is Closed By Associated Press Tallahassee, Fla., January 28.-The comptroller has closed the doors of the Sumter Copnty State bank at Webster and appointed a receiver for the institution. Slow collections on loans, due to crop conditions, and a reduction of the bank's reserves caused this action to be taken, the comptroller said. He alac stated that the losses will be negligible