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FIRST AMERICAN HERE ADDS GRATIFICATION
Twenty-five Banks Closed In State Are Reopened In Last Nine Months
BANK OPENS
Tallahassee, May 31—AP.—Authority has been granted the People's Bank, of St. Cloud to reopen tomorrow, it was announced today at the state banking department. The bank suspended operations sometime ago.
By the Associated Press
Tallahassee, May 31.—Gratification is being expressed by the state banking department over the rapid succession of bank reopenings taking place over Florida.
Reopening of the Bank of Orange and Trust company, of Orlando, and the First-American Bank and Trust company, of West Palm Beach, the latest of the institutions to announce a resumption of business was received with satisfaction here by the banking department officials.
The successive reopenings, it was declared, has been due largely to cooperative efforts extended among banking department officials and heads of the institutions, and to an excellent spirit prevailing among the public. Particularly without the latter, such progress could not be accomplished, it was stated.
Since August, 1926, twenty-five banks which had previously suspended, have reopened, according to a revised list compiled by banking department heads. Two other institutions reopened, and later closed again.
Following is a list of the reopened banks of the state, their location, and the date of their reopening:
Citizens Bank of Bushnell, Bushnell, Feb. 1, 1927; Delray Bank and Trust company, Delray, Nov. 1, 1926; People's Bank and Trust company, St. Petersburg, Oct. 5, 1926; Bank of Osceola County, Kissimmee, Sept. 14, 1926; Bank of Dade City, Dade City, Sept. 11, 1926.
Palatka Bank and Trust company, Palatka, Oct. 4, 1926; Bank of Groveland, Groveland, Dec. 18, 1926; Bank of Umatilla, Umatilla, Oct. 7, 1926; First State Bank of Clermont, Clermont, Sept. 28, 1926; Citizens Bank of Eustis, Oct. 27, 1926; Bank of Mount Dora, Mount Dora, Sept. 7, 1926; Bank of Tavares, Tavares, Aug. 24, 1926; Bank of Oakland, Oakland, Oct. 4, 1926.
Commercial Bank of Live Oak, Live Oak, Sept. 11, 1926; Bank of Jennings, Jennings, Sept. 13, 1926; Lake Butler Bank, Lake Butler, Dec. 3, 1926; Bank of Monticello, Monticello, Sept. 14, 1926; Polk County Trust company, Lakeland, Sept. 28, 1926; State Exchange Bank, Lake City, Oct. 16, 1926; East Florida Savings and Trust company, Palatka, Mar. 3, 1927.
Stuart Bank and Trust company, Stuart, Oct. 11, 1926; People's Bank of Crescent City, Crescent City, Sept. 27, 1926; Palmetto State Bank, Palmetto, May 19, 1927; Bank of Orange and Trust company, Orlando, May 23, 1927, and First American Bank and Trust company, West Palm Beach, May 25, 1927.
