First National Bank of Punta Gorda, Old - Punta Gorda, FL
Posted by: Groundspeak Regular Member rogueblack
N 26° 56.123 W 082° 03.047
17R E 395683 N 2979711
Quick Description: First bank
Location: Florida, United States
Date Posted: 3/18/2008 5:48:19 PM
Waymark Code: WM3DC5
Published By: Groundspeak Premium Member silverquill
Views: 19

Long Description:
According to the Charlotte County website:

    The Punta Gorda Bank was operating by June 1894 as a branch of the State Bank of Fort Meade. It was chartered by the state as a separate bank in July 1899, with a capital of $15,0000 and Perry Wadsworth McAdow as president. McAdow had earned a fortune as the owner of the Spotted Horse gold mines in Fergus County, Montana, and decided to relocate to Punta Gorda after vacationing here with his wife. McAdow constructed a one-story, brick façade commercial building on this location to house the bank. The Punta Gorda Bank occupied the corner storefront, with Earnest Dry Goods, the Punta Gorda Trading Company, Wade’s Drug Store and a community social hall known as McAdow Hall filling the remainder of the building.

    By December 1912, the bank’s assets had grown to $147,000, and a competing bank, The Merchant’s Bank of Punta Gorda, opened in April of 1912. The Punta Gorda Bank underwent some years of uncertainty, and on April 23, 1917 it was reorganized as the State Bank of Punta Gorda. The new bank assumed the deposits and liabilities of the old Punta Gorda Bank and was relocated to a new building.
Street address:
133 West Marion Avenue
Punta Gorda, FL USA
33950


County / Borough / Parish: Charlotte

Year listed: 1991

Historic (Areas of) Significance: Event

Periods of significance: 1900-1924, 1925-1949

Historic function: Commerce/Trade; Financial Institution

Current function: Commerce/Trade, Domestic; Business, Single Dwelling

Privately owned?: yes

Primary Web Site: [Web Link]

Secondary Website 1: [Web Link]

Season start / Season finish: Not listed

Hours of operation: Not listed

Secondary Website 2: Not listed

National Historic Landmark Link: Not listed

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