Hernando State Bank

Hernando State Bank, also known as Hernando Bank, was a bank business that occupied a historic building in Brooksville, Florida. The building, also known by the name of the bank, was built in 1905. James A. Jennings was the bank's first president.[1] The bank was purchased in 1907 by William McKethan.[2] It is at the intersection of Main Street and Route 41. It closed in 1897.[3]

The bank was capitalized with $15,000 in 1905.[4]

The Brooksville-based Hernando Banking Corp., a holding company that held just one bank, Hernando Bank, was expected to be purchased in 1984 by Sun Bank (which eventually became SunTrust Banks) in a deal giving owners approximately $31.5 million. At the time Hernando Bank had $229.2 million assets. The deal was subject to approval of pooling-of-interests accounting treatment and regulatory approval.[5]

Alfred A. McKethan was a president of the bank.

References

  1. ↑ The James A. Jennings House is a historic house in Brooksville.
  2. ↑ Brooksville City on a Hill, Florida History
  3. ↑ Hernando State Bank image What was there?
  4. ↑ "State Banks Prosperous: Remarkable Increase in Number, Strength and Business Shown in Four Years Business of Florida State Banks". Jacksonville Sun. September 22, 1906.
  5. ↑ "Sun Banks Lists Terms To Acquire Hernando In Swap of Shares". Wall Street Journal, Eastern edition [New York, N.Y.] September 10, 1984. p. 1.

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