First National Bank & Trust Company (Orlando, FL)

Episode Information

Episode UID
1006901599
Episode Type
Run โ†’ Suspension โ†’ Unsure
Bank Type
national
Bank ID
100690 national
Charter Number
10069
Start Date
March 4, 1933
Location
Orlando, Florida (28.538, -81.379)

Metadata

Model
gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
d37644b707f523c7

Response Measures

Accommodated withdrawals, Borrowed from banks or large institutions, Fed/other loan, Full suspension, Books examined

Clearinghouse involved: Yes (loan, examination, or other measures)

Receivership Details

Depositor recovery rate
30.0%
Date receivership started
1934-02-27
Date receivership terminated
1941-03-31
Share of assets assessed as good
59.6%
Share of assets assessed as doubtful
23.0%
Share of assets assessed as worthless
17.4%

Description

Sources show a run and a state-declared moratorium; later reopening status is unclear from provided articles.

Events (4)

1. August 22, 1911 Chartered
Source
historical_nic
2. March 4, 1933 Run
Cause
Macro News
Cause Details
Widespread banking panic and state banking holiday fears amid national banking crisis (responding to governor's moratorium and national situation).
Measures
No specific measures beyond normal payment attempts mentioned; bank soon entered moratorium.
Newspaper Excerpt
stood within the run two banks yesterday morning ... Knots of people gathered the streets
Source
newspapers
3. March 5, 1933 Suspension
Cause
Government Action
Cause Details
Governor-declared five-day banking holiday / state moratorium; bank remained closed awaiting federal license and currency.
Newspaper Excerpt
received the news that Gov Dave Sholtz had declared five-day holiday ... moratorium
Source
newspapers
4. February 27, 1934 Receivership
Source
historical_nic

Newspaper Articles (3)

Article from The Orlando Sentinel, March 5, 1933

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Article Text

LITTLE EXCITEMENT Community Looks to Roosevelt for Solution Business men and women cerned only making their usual cash stood with in the run two banks yesterday morning. Both received the news that Gov Dave Sholtz had declared five-day holiday. Officials the First National Bank Florida Bank their moratorium only few hours. Although Pres. Willard Hamilton had opened with the intention of paying rapidly the swept along the crest of state after heavy that began Knots of people gathered the streets watch the flurry banks, there little excitement. Orlando, which several during the feverish days bursting, appeared turn the face of national crisis. LOOK TO CHIEF the the nation this looked Franklin Roosewhich inaugural address being even as Orlando runs, relief. There that President do before night," will put the banks under Thus lando voiced faith in the new Another finance center that conducted its ordinary Saturday postal savings partment Orlando postoffice. Laycock, nounced that deposit the ing exceeded withdrawals by This, in the face of condition which might well created heavy demand ready cash, the theory that suf fering the due the abruptly days. This particularly true the that the postal savings department marked steady increase the number accounts during past years. STAY CHEERFUL In addition to would-be depositbanks yesterday mornthere array sympathetic who were not the banks for any business but wanted clasp the hands the men they had done the possibly could for the depositors and the community. Bitterness such evidence during other bank crashes absent. Business men joked with each hasty plans taking their Ed Asher, San managtold on his hotel early in the morning when travelmen wanted checks they could get out of town. Hamer, power the Angebilt hotel, dollar bill which he said just happened have his when the bank holiday began. In the stores looked their customers and were credit to people they knew.


Article from The Orlando Sentinel, March 16, 1933

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Article Text

FLORIDA BANK Depositors Pour In Flood off Old Currency GOLD RECEIVED First National Is Awaiting Word To Reopen While business at the First National bank remained suspended until the federal license can be received, depositors the Florida Bank yesterday placed $100.000 old currency the bank. branch bank. the Florida among state banks opening terday under the per der Compt. The First National. tional bank, its permisfrom the comptroller of the United States currency. In the three days depositors the Florida Bank have shoved $160,000 over the counters, all in old currency. Officials the bank expressed the opinion the practice continued had gun there would be no necessity for the currency. DEPOSITS It was stated that had the Florida Bank Jacksonville Tuesday, showgeneral the of the people to put its money back in the banks. New accounts were in the spotlight with of old gold. Approximately $5,000 gold was ceived and on the ceding in gold was addto mounting deposits. Orlando generally took its bankquietly. Long lines forming at the Florida's windows were composed mainly of men and men who wanted to get rid of their W. O'Neal. president of the First National. had received assurance from the Atlanta banks that the currency would be rushed to Orlando. SOON have definite news Mr. O'Neal banks reopening Florida day are members chain organizations that are able to get the new currency from parent organizations in clearing house cities. The Florida bank's license to (Continued on page column 5)


Article from News-Press, June 11, 1933

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Article Text

Bank Action Welcome The depositors committee, organized last night by people who have money in the First National Bank & Trust company, progressive step to in some form, re-open this institution which has been closed days. This newspaper has been silent on the local banking situation since the close of the First National because we felt that charge of the bank should be given every opportunity to work out their own problems. More than once have had the urge to prod the officers into some definite form of activity, but on each occasion have been assured by the bankers that erything possible was being done. However, there is limit to the patience of the people. There also is limit to that period of lethargy to business which the town can shoulder. We feel that the positors' interest and those of commercial Orlando should now considered above those of private individuals and that certed effort of the depositors, working harmony and cooperating with the officials should now be made to the reopen Sentinel. As we understand have to drink awful lot beer or just have be special Commercial. When better unusual fish stories are printed, the Fort Myers. will