SCHM 21 42 Palmetto State Bank Robbery
Posted by: 
NCDaywalker
N 33° 52.381 W 079° 45.281
17S E 615176 N 3748774
Plaque in downtown Lake City, SC that informs of a bank robbery during the tobacco selling season in 1934.
Waymark Code: WMZMJD
Location: South Carolina, United States
Date Posted: 12/02/2018
Views: 6
Plaque Inscription:
(side 1)
Constructed in 1907, this building originally housed Farmers and Merchants Bank. In 1934 the newly formed Palmetto State Bank opened here. On Sept. 5, 1934 the bank was robbed by three armed men. The bank had larger than normal deposits on hand because it was the height of tobacco marketing season and the group stole a reported $114,082. Frank English and his wife Geneva were the only people tried for the crime.
(Continued on other side)
(side 2)
(Continued from other side)
At trial it was alleged that English was an associate of George "Baby Face" Nelson, and that the notorious criminal was involved in the crime, but that was never proven. Frank English was sentenced to 25 years and Geneva English received one year as an accessory. Palmetto State failed due to the robbery, but depositors were repaid by the newly established FDIC. It was the first time an FDIC insured bank had closed in S.C.
Erected 2014 by Lynches Lake Historical Society.
Marker Name: Palmetto State Bank Robbery
Marker Location: City
Type of Marker: Other
Marker number: 21 42
County: Florence
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