Palmetto State Bank Robbery

Palmetto State Bank Robbery (HM1YMC)

Location: Lake City, SC 29560 Florence County
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Country: United States of America
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N 33° 52.381', W 79° 45.281'

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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.
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(side 2)
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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.
Details
HM NumberHM1YMC
Tags
Year Placed2014
Placed ByLynches Lake Historical Society
Marker ConditionNo reports yet
Date Added Tuesday, May 30th, 2017 at 1:02pm PDT -07:00
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Locationbig map
UTM (WGS84 Datum)17S E 615176 N 3748774
Decimal Degrees33.87301667, -79.75468333
Degrees and Decimal MinutesN 33° 52.381', W 79° 45.281'
Degrees, Minutes and Seconds33° 52' 22.86" N, 79° 45' 16.86" W
Driving DirectionsGoogle Maps
Area Code(s)843
Which side of the road?Marker is on the right when traveling West
Closest Postal AddressAt or near 100 US-378 BUS, Lake City SC 29560, US
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