Sumter County State Bank (Webster, FL)

Episode Information

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

Metadata

Episode ID
Bank ID
City ID
120292972
Model
gpt-5-mini
Short Digest

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

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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

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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