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Announces Failure of Three Florida Banks Tallahassee July 16 three State charter new institution today the fice the State Banking department The First Bank the Bank Point Fla. the Reddick State Bank of The First Bank opened $958 23 deposit on March 27. here. was capitalized at $175.- The Bank of Canal Point had deJune 30, and The Reddick State on June 30 had new bank Miami Beach be known Bank Miami Beach The will capital stock $100,000 and sur-