First Bank (Moore Haven, FL)

Episode Information

Episode Type
Suspension β†’ Closure
Start Date
December 18, 1922
Location
Moore Haven, Florida (26.833, -81.093)
Bank Type
state
Routing Number
63-0316

Metadata

Notes

OCR errors in Article 1; receiver named Frank Spain and assets/liabilities figures appear in text.

Events (2)

1. December 18, 1922 Suspension
Cause
Government Action
Cause Details
Placed in hands of a receiver (Frank Spain) following bank failure
Newspaper Excerpt
MOREHAVEN BANK IN HANDS OF RECEIVER ... A called meeting of the depositors of the First Bank of Moorehaven ... in the hands of receivers
Source
newspapers
2. December 18, 1922 Receivership
Newspaper Excerpt
MOREHAVEN BANK IN HANDS OF RECEIVER (By Associated Press) MOOREHAVEN Dec. 18.- ... Frank Spain, receiver ... He estimated ... $52,000 available against $83,000 liabilities.
Source
newspapers

Newspaper Articles (2)

Article from The Pensacola Journal, December 19, 1922

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Article Text

MOREHAVEN BANK IN HANDS OF RECEIVER (By Associated Press) MOOREHAVEN Dec. 18.-A called meeting of the depositor. of the First Bank of Moorehaven, and the Everglades State Bank, HOW ( the hands of receivers, Frank Spain, receiver of the latter. gave tentative statement of the bank's He estimated that in to condition. are $52,000 available eventually is free assets against $83,000 liabilities.


Article from The Tampa Tribune, April 12, 1923

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Article Text

DEMOCRATIC ACTION ON NOLTE FLARES UP

IT QUICKLY FLICKERS OUT, HOWEVER

Resolution Denouncing Stephenson Offered in House and Is Tabled by Body

TALLAHASSEE, April, 11.β€”The action of the democratic organization caucus of Monday a week ago, in ousting Rep. F. W. Nolte, of Glades county on the ground that he was not the regular democratic nominee flamed up in the house today, but quickly flickered out.

A resolution offered by Carl Wettrock and C. C. Klutte, secretary of a mass meeting held at Moore Haven last Saturday denouncing the caucus action was read.

The resolution recited that D. W. Stevenson, primary nominee, had broken faith and was unworthy of the democratic principles and upon the failure of the First Bank of Moore Haven, of which he was vice president, spread the word that it was because of the flood in that section, which, the resolution alleged, was not true, but grew out of criminal acts of Mr. Stevenson. Mr. Nolte's name was written into the ballots at the general election by "Democratic voters," the resolution continued, and was the regular democratic representative and not "an independent."

Upon motion of Rep. Lewis the resolution was tabled, but at this juncture in the smoothness of things, Rep. Miller, of Jacksonville, rose on a point of personal privilege, and said that while he heartily concurred in tabling the resolution, as the house should not get mixed up in the politics of Glades county, the action should not be construed as personally affecting Mr. Nolte, as he considered him a "good" democrat and it was through no effort of his own that the voters wrote in his name and elected him by a two to one majority.

Mr. Lewis replied that he reserved the right of his opinion as to whether Mr. Nolte was a good democrat. The precedent should not be set upon which independent democrats could bob up in every county in the state, he said.

Rep. Oglevie replied that there was other procedure available. Mr. Stevenson is under eight indictments growing out of the failure of his bank but has stated he is confident they are founded on political animosity.