gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
ff885a0198793ce9
Response Measures
Accommodated withdrawals, Books examined
Events (2)
1.June 2, 1924Chartered
Source
historical_nic
2.July 12, 1929Run
Cause
Local Banks
Cause Details
Runs were triggered by closures of other local banks (Merchants Bank and Trust Company and Atlantic Bank and Trust Company) in Daytona Beach.
Measures
Bank met the demands of depositors' withdrawals (no suspension reported).
Newspaper Excerpt
Runs also were made the Daytona Beach Bank and Trust company and the First National bank, the other two financial institutions here, but they were able meet the demands of depositors' withdrawals
Source
newspapers
Newspaper Articles (4)
1.July 13, 1929The Greenville NewsGreenville, SC
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Article Text
BANKS CLOSED DAYTONA BEACH. July 12. The Merchants Bank and Trust company, and the Atlantic Bank Trust company here closed today. Runs were made on the Daytona Beach Bank and Trust company the First tional bank, the other two financial here. but they to meet the demands of depositors' withdrawals
2.July 13, 1929The Tampa TribuneTampa, FL
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Article Text
Two Banks Close At Daytona Beach
DAYTONA July 12. The Merchants Bank Trust company the Atlantic Bank Trust company here closed their doors Runs also made on the Daytona Beach Bank Trust company First National bank, the institutions here. but they were able to meet the demands of depositors withdrawals. The bank failures here brought to five the number of banks that closed their doors in Florida the two The Volusia County Bank Trust company and the National bank in DeLand the Colonial Bank Trust company of Miami closed yesterday. Notices posted doors of the Beach institutions stated been closed by the aminer for protection the depositors pending The notices bank. which identical wording, stated that efforts would made pay all depositors in full Officials of the Atlantic National bank and the Barnett National bank of Jacksonville wired officials the two closed institutions, offering them financial
3.July 13, 1929The Austin AmericanAustin, TX
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Article Text
RUNS CLOSE BANK AT DAYTON BEACH, FLA.
DAYTONA BEACH, Fla., July 12.-(P)-The Merchants Bank and Trust company and the Atlantic Bank and Trust company here closed today. Runs also were made the Daytona Beach Bank and Trust company and the First National bank, the other two finanetal institutions here, but they were able meet the demands of depositors' withdrawals
4.July 20, 1929The Owensboro MessengerOwensboro, KY
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Article Text
Another Bank Closes Its Doors In Florida
Reports of the closing the state Bank Pablo Jacksonville Beach reached the state banking today. Comptroller Ernest Amos said the bank liquid condition. but closprecaution when The bank Palbo the teenth bank which closed Florida this week and the Twenwithin weeks. Four others closed May and their president, John Fouts, Bartow, awaiting trial charge illegally lending himself funds. reassuring tion has from Washington dicating that lessening the fruit fly under consideration and that President Hoover plans recommend reimbursement for growers whose crops have been destroyed. This, together with growing public confidence, combined stop the runs Floridaa banks, the comptroller indicated.
Bank runs are almost always and everywhere a deterioration of bank fundamentals.
But not for you.
You are the measure-zero exception: great fundamentals, solid bank, and yet the Diamond Dybvig fairy spread its rumor. Depositors woke up. Your collateral was not prepositioned. The Clearinghouse had it for you.
Do not pass Go. Do not collect $200. Go directly to jail… or worse.