Molino State Bank (Molino, FL)

Episode Information

Episode Type
Run → Suspension → Closure
Start Date
July 9, 1920
Location
Molino, Florida (30.724, -87.314)
Bank Type
state
Routing Number
63-0249

Metadata

Notes

Date of closure inferred from notice referencing the ninth day of July, A. D. 1920.

Events (3)

1. July 9, 1920 Run
Cause Details
Newspaper reports only cite a threatened run without specifying rumor, correspondent failure, or other trigger.
Measures
Bank did not open; state comptroller notified and took charge.
Newspaper Excerpt
A threatened run on the bank is said to have caused the decision to remain closed
Source
newspapers
2. July 9, 1920 Suspension
Cause
Government Action
Cause Details
State comptroller (Ernest Amos) took charge and the bank remained closed pending examination of accounts.
Newspaper Excerpt
The Molino State Bank did not open for business yesterday morning and a notice on its doors announced that the state comptroller was in charge
Source
newspapers
3. July 9, 1920 Receivership
Newspaper Excerpt
Notice is hereby given ... within twelve months from the ninth day of July, A. D. 1920 ... Francis B. Carter, Jr., Receiver, at his office ... Pensacola, Florida, properly proven as required by law, within twelve months from the ninth day of July, A. D. 1920, or the claim will be barred ... ERNEST AMOS, Comptroller State of Florida.
Source
newspapers

Newspaper Articles (12)

Article from The Pensacola Journal, July 11, 1920

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MOLINO BANK HAS CLOSED ITS DOORS The Molino State Bank did not open for business yesterday morning and a notice on its doors announced that the state comptroller was in charge A threatened run on the bank is said to have caused the decision to remain closed, Comptroller Amos having been notified the day before to take charge. An announcement will be made as soon as the state officials finish checking the bank's accounts.


Article from The Pensacola Journal, October 14, 1920

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NOTICE

Notice is hereby given to all persons, firms or corporations having claims against the Molino State Bank, Molino, Florida, to present the same to Francis B. Carter, Jr., Receiver, at his office, No. 505 Blount Building, Pensacola, Florida, properly proven as required by law, within twelve months from the ninth day of July, A. D. 1920, or the claim will be barred by Chapter 7935 of the Laws of Florida. ERNEST AMOS, Comptroller State' of Florida.


Article from The Pensacola Journal, November 18, 1920

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NOTICE

Notice is hereby given to all persons. firms or corporations having claims against the Molino State Bank, Molino. Florida, to present the same to Francis B. Carter, Jr., Receiver, at his office, No. 505 Blount Building. Pensacola, Florida. properly proven as required by law, within twelve months from the ninth day of July, A. D. 1920. or the claim will be barred by Chapter 7935 of the Laws of Florida. ERNEST AMOS. Comptroller State of Florida.


Article from The Pensacola Journal, August 26, 1921

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SUITS FILED IN
CIRCUIT COURT

Receiver of Molino State Bank Institutes Several Suits for Payment of Notes.

The following suits have been filed in the office of the clerk of the circuit court: Richard Gaston, plaintiff, vs. The Pensacola Shipbuilding Company, defendant, damages for $3,000. Forsythe Caro, attorney for plaintiff.

Standard Motors Finance Company, Inc., vs. H. J. Quina and E. W. Peake, under the firm name of United Auto Sales Company, Pattillo Campbell, attorney for plaintiff.

Francis B. Carter, Jr., as receiver of the Molino State Bank, plaintiff, vs. R. E. Watson and R. J. Watson, defendants. In default of payment of a $400 promissory note, $600 is asked for. Carter and Yonge are attorneys for plaintiff. As receiver of the Molino State Bank, Francis B. Carter, Jr., has also filed a bill of complaint against M. Semple and wife, Rena C. Semple, for a promissory note for $2,160 and against J. W. Underwood and wife, Nettie Underwood for a $250 note and against J. W. Underwood for a $400 note.


Article from The Pensacola Journal, September 13, 1921

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CRIMINAL DOCKET
COURT OF RECORD

Judge C. Moreno Jones, in the court of record, was busy yesterday setting cases on the criminal docket. This, with the hearing of a number of pleas consumed the entire day. The criminal docket will consume the time of the court up to and including October 4. The civil docket will extend the time of the court probably a couple of weeks longer.

An echo of the failure of the Molino State bank will be heard on September 21, when the cases against W. T. Earnest and M. Semple will come before the court.

Charges against A. Suggs, Sam Paine and Will Smith were nolle prossed. Bonds of Jesse Garner and Ernest Crumbs were estreated and a capias issued.

Henry C. Williams plead guilty to evading railroad fare and was given a suspended sentence. Nathaniel Thomas, profanity, given costs or 30 days in jail. Sim Watts got the same dose for the same offense. Alvin O'Bannon, drunkenness, $10 and costs or 30 days. Robert Mayes, malicious mischief, six months in the county jail. Roy Wood, drunkenness, $25 or 60 days in the county jail.


Article from The Pensacola Journal, September 16, 1921

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Cardinals Win on Smith's Homer.

ST. LOUIS, Sept. 15-Smith's home run in the third inning with Lavan on base gave St. Louis the final game of the season with Brooklyn today, 2 to 1. Score: Brooklyn 000 000 100-1 4 1 St. Louis 002 000 00x-2 6 1 Grimes and Miller; Haines and Clemons.

NEWS OF RECORD

DEEDS. (Title Guarantee Company. Elizabeth P. Barnes and husband to Ruby P. Phillips, Aug. 27, 1919, $100 and other, N half of E half of lot 8, and N half of lots 9 and 10 in block 101, New City tract. Molino Canning Co., a corp., by master to receiver of Molino State bank, property in secs. 40 and 36, tps. 2 and 3, N R 30 west.


Article from The Pensacola Journal, October 8, 1921

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VERDICT FOR PLAINTIFF IN 'MOLINO BANK CASE In the court of record yesterday the case of F. B. Carter, Jr., receiver for the Molino State Bank against Harvey Hobby was settled by a default of judgment. The plaintiff received a verdict of $118.67.


Article from The Pensacola Journal, October 9, 1921

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MOLINO Miss Reddith spent last Week end in Century with her aunt, Miss Kennon. Archie Morgan spent last Sunday with home folks. Mr. and Mrs. J. H. Daffin spent last Sunday in Pensacola with Mrs. Daffin's brother, Mr. J. L. Spare. C. S. Matthews and Mr. McGlaun Brigman, of Westville, spent a few days here the first of the week with his sons, L. F. and B. W. Matthews. Mrs. J. M. Holly spent last Saturday in Pensacola with friends. L. F. Matthews and wife were called to Bonifay last Sunday to see Mrs. Matthews' little neice, who is very sick. Mr. Matthews came back Sunday night, but Mrs. Matthews is spending the week over there. Francis B. Carter, Jr., receiver of the Molino State bank, was in Molino


Article from The Pensacola Journal, October 14, 1921

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MOLINO BANK RECEIVER OBTAINS $500 VERDICT Damages to the extent of $451.92, for principal, with $64.65 interest, was the verdict for the plaintiff, in the case of Francis B. Carter, Jr., as receiver of the Molino State Bank, against R. E. Watson and R. J. Watson. The case of Virgie O'Farrell, of the northern part of the county, against Robert Gresham, in which it was sought to establish the fact that Gresham was the father of her two months old child, was continued until Friday morning.


Article from The Pensacola Journal, October 15, 1921

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SPECIAL MASTER'S SALE By virtue of a decree of foreclostire from the Circuit Court of Escambia County, Florida, in favor of Francis B. Carter, Jr., as Receiver of the Molino State Bank, against M. Semple and Rena C. Semple, I shall expose to public sale to the highest cash bidder before the courthouse door in the City of Pensacola in said County of Escambla on Monday, November 7th, A. D., 1921, within the legal hours of sale, the following described real estate situated in said county, towit: Lots Seven and Eight and also Lots One and Two, all in Block Q. Jacobi Addition to the Town of Molino, in said county. Purchaser to pay for conveyance. C. L. SHINE. Special Master.


Article from The Pensacola Journal, October 22, 1921

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By virtue of a decree of foreclosure from the Circuit Court of Escambia County. Florida, in favor of Francis B. Carter Jr., as Receiver of the Molino State Bank, against M. Semple and Rena C. Semple, I shall expose to public sale to the highest cash bidder before the courthouse door in the City of Pensacola in said County of Escambia on Monday, November 71h, A. D., 1921, within the legal hours of sale, the following described real estate situated in said county, towit: Lots Reven and Eight and also Lots One and Two, all in Block Q. Jacobi Addition to the Town of Molino, in said county, Purchaser to pay for conveyance, C. L. SHINE, Special Master.


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FINAL DIVIDEND WILL PAID

Molino Bank Receiver Has Announced Plans

Francis B. Carter, Jr., receiver for the Molino State bank, announced yesterday that Friday he would begin payment of the final dividends to holders of certificates on the bank which closed in 1920. This final dividend will be for 7 1-4 per cent, making a total paid out since the bank failed of 87 1-4. Holders of certificates will present them to Mr. Carter, an attorney at Pensacola, and receive their final dividend checks.