First National Bank (Jasper, FL)

Episode Information

Episode UID
775701564
Episode Type
Suspension โ†’ Closure
Bank Type
national
Bank ID
77570 national
Charter Number
7757
Start Date
April 26, 1930
Location
Jasper, Florida

Metadata

Model
gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
7fab5d6c3d8ee195

Response Measures

None

Receivership Details

Depositor recovery rate
44.1%
Date receivership started
1930-05-13
Date receivership terminated
1937-02-27
Share of assets assessed as good
87.8%
Share of assets assessed as doubtful
12.2%
Share of assets assessed as worthless
0.1%

Description

Article explicitly reports the First National Bank of Jasper 'had suspended' on April 26, 1930; no reopening is mentioned so closure is plausible but not confirmed.

Events (3)

1. May 22, 1905 Chartered
Source
historical_nic
2. April 26, 1930 Suspension
Cause Details
Suspension reported by state banking department amid multiple Florida bank closings; specific trigger not stated.
Newspaper Excerpt
the First National Bank of Jasper had suspended.
Source
newspapers
3. May 13, 1930 Receivership
Source
historical_nic

Newspaper Articles (2)

Article from The Owensboro Messenger, July 20, 1929

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Article Text

Another Bank Closes Its Doors In Florida Reports of the closing the state Bank Pablo Jacksonville Beach reached the state banking today. Comptroller Ernest Amos said the bank liquid condition. but closprecaution when The bank Palbo the teenth bank which closed Florida this week and the Twenwithin weeks. Four others closed May and their president, John Fouts, Bartow, awaiting trial charge illegally lending himself funds. reassuring tion has from Washington dicating that lessening the fruit fly under consideration and that President Hoover plans recommend reimbursement for growers whose crops have been destroyed. This, together with growing public confidence, combined stop the runs Floridaa banks, the comptroller indicated.


Article from Evening Star, April 26, 1930

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Article Text

FLORIDA BANKS CLOSED. TALLAHASSEE, Fla., April 26 (P).Controller Ernest Amos has confirmed the closing at St. Petersburg of the Fidelity Bank & Trust Co. The bank was capitalized at $100,000 The banking department here also received advices that the First National Bank of Jasper had suspended. Tt was capitalized at $30,000. A State bank closed at Jasper last Tuesday.