State Bank (Kissimmee, FL)

Episode Information

Episode UID
63010271446
Episode Type
Suspension → Closure
Bank Type
state
Bank ID
6301027 routing
Routing Number
63-0102
Start Date
June 17, 1920
Location
Kissimmee, Florida (28.292, -81.408)

Metadata

Model
gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
4c46f32cf90d3c60

Response Measures

None

Description

Article of 1923 says the bank failed on June 17, 1920; a 1922 story references a threatened run and a cash infusion to meet demands.

Events (2)
1. June 17, 1920 Receivership
Newspaper Excerpt
Receiver Making Good Progress in Liquidating Affairs of Failed State Bank of Kissimmee. ... Fourth Ten Per Cent Paid to Date. ... failure of the bank three years ago June 17th. About $40,000 will be distributed in paying this dividend.
Source
newspapers
2. January 23, 1922 Run
Cause Details
Threat of closing of another (State) bank prompted heavy withdrawals; cash infusion brought to meet demands
Measures
John L. Fouts brought over $50,000 in cash to meet demands
Newspaper Excerpt
He came to the assistance of this bank at the time when the closing of the State Bank threatened to bring a run on the one remaining institution—coming to Kissimmee ... with over $50,000 in cash to meet all demands
Source
newspapers

Newspaper Articles (2)
1. January 23, 1922 The Lakeland Evening Telegram Lakeland, FL
Article from The Lakeland Evening Telegram, January 23, 1922

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Article Text

JOHN L. FOUTS TAKES OVER THE BANK AT OSCEOLA The Kissimmee Valley Gazette in its Friday issue prints a news story of particular interest to Polk county people. The Gazette says: "Announcement is made of the sale of the stock in the Bank of Osceola county owned by Dr. T. M. Rivers, L. H. Gedge, and M. I Stout-the purchasers being John L Fouts. of Lakeland, and his associates. The prospective sale has been rumored for some time but was not culminated till the annual meeting of the stockholders of that institution which was in session on Wednesday. "Mr. Fouts may be remembered as one of the men who came to the assistance of this bank at the time when the closing of the State Bank threat. ened to bring a run on the one repain ing institution-coming to Kissimmee as rapidly as a car would bring him with over $50,000 in cash to meet all demands which were portending He is president of the First National Bank of Lakeland, of the First State Bank of Winter Haven, the State Bank of Bartow, and the Bank of Auburndale, and this purchase merely means that he desired to add to his holdings. "By this change in the directorate John L. Fouts becomes president. J. R. Anthony, of Jacksonville, vice president, and B. B. Lumbard. who has held the position of assistant cashier, is forwarded to the post of cashier. The remainder of the force continues as before. The interests of the Bankers' Financing Company are still retained by the bank, and that company will continue to act as financial agent."

2. July 10, 1923 The Tampa Tribune Tampa, FL
Article from The Tampa Tribune, July 10, 1923

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Article Text

$40,000 TO BE DISTRIBUTED IN DIVIDENDS BY KISSIMMEE BANK Receiver Making Good Progress in Liquidating Affairs of Failed State Bank of Kissimmee. Fourth Ten Per Cent Paid to Date. KISSIMMEE, July 9.—A ten per cent dividend was declared by S. H. Bullock, receiver of the State Bank of Kissimmee yesterday. This is the fourth dividend declared since the failure of the bank three years ago June 17th. About $40,000 will be distributed in paying this dividend. Mrs. Chas. M. Phillips delightfully entertained a crowd of little folks at her home on Emmett street in honor of Francis Pherigo, of Miami who is visiting her grandparents, Mr. and Mrs. Jno Pherigo. Games on the lawn were played and prizes were given to Bertha Miller and Elizabeth Deyareo. Delicious refreshments of ice cream and cake and home made candy were served in the dining room where a color scheme of pink and white was carried out in the decorations and in the refreshments. Mrs. Phillips was assisted in entertaining by Mrs. G. W. McGowan, Mrs. W. R. Tedder and Miss Rhea Pherigo. The youngsters enjoying this party were: Floranna Burrows, Arthur Burrows, Winnifred Brooks, Aileen Dayson, Ralph Davidson, Elizabeth Dayoreo, Fred Gilbert, Bob Gilbert, Patsy Johnston, Aileen Johnston, Junior Johnston, Bertha Miller, Benjamin Miller, Elizabeth Tedder, Don Phillips, Eunice Phillips and Phil Phillips. Children's Day was observed yesterday at the First Baptist Church and a large congregation was present to hear those who took part in the exercises: The following program was rendered: Prelude, Mrs. James Johnston; song, "Bring Them In, congregation; scripture reading and prayer by Sam L. Lupfer, jr.; song, "Can a Little Child Like Me," Jessie Mae Griffin and Dickey Waring; recitation, "Blessing Others" five children; song, "Jesus Wants Me for a Sunbeam" Nannie Ruth and Reese Johnston; recitation God's Way, Hildegrade Chapman; song, "I think When I read that Sweet Story of Old," Wilhelmenia Carson; recitation, Pond's View, Reese Johnston; recitation, The Floral Cross, nine children; recitation "Let Me Ring the Bell," Oliver Carson; song "Songs My Mother Used to Sing," Helen Chapman and Ruth Herzberg; recitations, "The White Lily" Besty May; song "Some Day," Lucile Griffin and Margaret Waring; reading, "Let the Old Cat Die," Mrs. J. E. Lupfer; song, "Grateful, Oh Lord, Am I," Elizabeth Warring; paper, J. M. Gardner. Mrs. Alexander Akerman accompanied by her sons, Amos and Alexander and daughter, Miss Eugenia, were visitors in Kissimmee on Saturday. Miss Eleanor Rosen left Saturday to spend several days with Miss Eugenia Akerman.