Punta Gorda in Charlotte County, Florida — The American South (South Atlantic)
The Punta Gorda Bank
Photographed by Tim Fillmon, February 2, 2024
1. The Punta Gorda Bank Marker
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 $15,000 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 facade 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 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.
Erected 2008 by Charlotte County Board of County Commissioners.
Topics. This historical marker is listed in this topic list: Industry & Commerce. A significant historical month for this entry is June 1894.
Location.
this page online
Regionally, this marker is on Florida’s Gulf Coast. It is also in the American South and on the Gulf Coast. Globally, it is in the North Atlantic Region, North America, a Gulf of Mexico state, the Western Hemisphere, the Western World, and the Anglosphere. Historically, it finds itself in what was once New Spain, the territory of the Mississippian Culture, one of the Confederate States of America, and the Antebellum South.
Other nearby markers. At least 8 other markers are within walking distance of this marker: City of Punta Gorda (about 300 feet away, measured in a direct line); Albert Waller Gilchrist (about 400 feet away); First Punta Gorda Home Site (about 600 feet away); Hector House Plaza: The Founding of Punta Gorda (about 700 feet away); The Trabue Plat And Waterfront Parks (about 700 feet away); Charlotte County Courthouse (approx. 0.2 miles away); Juan Ponce de Leon - Discoverer of Florida (approx. Ό mile away); U.S. Marine Corps Veterans (approx. 0.4 miles away). Touch for a list and map of all markers in Punta Gorda.
Another marker is no longer nearby. Site of Hotel Punta Gorda (was about 600 feet away but has been confirmed missing).
Photographed by Tim Fillmon, February 2, 2024
2. The Punta Gorda Bank Marker
Photographed by Tim Fillmon, April 18, 2014
3. The Punta Gorda Bank Marker
Credits. This page was last revised on February 8, 2024. It was originally submitted on February 21, 2021, by Tim Fillmon of Webster, Florida. This page has been viewed 635 times since then and 50 times this year. Photos: 1, 2. submitted on February 8, 2024, by Tim Fillmon of Webster, Florida. 3. submitted on February 21, 2021, by Tim Fillmon of Webster, Florida.
