2099. Bank of Panama City (Panama City, FL)

Bank Information

Episode Type
Suspension → Closure
Bank Type
state
Start Date
July 5, 1915
Location
Panama City, Florida (30.159, -85.660)

Metadata

Model
gpt-5-mini
Short Digest
10e631e4e16be53d

Response Measures

None

Description

July 1915 article denies suspension and attributes a circulated report (after Lynn Haven bank failure and a suicide) as false. By November 1915 a receiver (D. L. Green) is disposing of the bank's assets, indicating the bank was later placed in receivership and closed. There is no clear contemporary description of a depositor run; therefore this is best classified as a suspension (or failure) leading to closure/receivership. Exact suspension date and precise cause of failure are not specified in the articles.

Events (3)
1. July 5, 1915 Other
Newspaper Excerpt
Owing to the failure of the Lynn Haven bank and the suicide of Mr. Brown the report became circulated in the Bay country that the Panama City bank had suspended. This is not true. The bank is in good condition and will be open tomorrow morning for the transaction of business as usual.
Source
newspapers
2. November 28, 1915 Receivership
Newspaper Excerpt
NOTICE-Take notice that I will receive sealed bids ... for the purchase of the lots, bank building, furniture and fixtures of the Bank of Panama City ... D. L. Green. Receiver, Bank Panama City
Source
newspapers
3. * Suspension
Cause Details
No clear cause given in articles; July article mentions rumors tied to failure of Lynn Haven bank and a suicide, but that was explicitly denied. By November a receiver is selling bank property, indicating suspension/failure for reasons not specified in the clippings.
Newspaper Excerpt
Notice of sale by receiver (implies bank closed and in receivership); exact suspension date not stated in provided articles.
Source
newspapers

Newspaper Articles (2)
1. July 6, 1915 The Pensacola Journal Pensacola, FL
Article from The Pensacola Journal, July 6, 1915

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Article Text

BANK OF PANAMA CITY IS REPORTED IN GOOD CONDITION. Panama City, July 5.-There is no connection between the suicide of Edward H. Brown and the financial status of the Bank of Panama City. Owing to the failure of the Lynn Haven bank and the suicide of Mr. Brown the report became circulated in the Bay country that the Panama City bank had suspended. This is not true. The bank is in good condition and will be open tomorrow morning for the transaction of business as usnal.

2. November 28, 1915 The Pensacola Journal Pensacola, FL
Article from The Pensacola Journal, November 28, 1915

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Article Text

NOTICE-Take notice that I will receive sealed bids until twelve o'clock M., December- fifteenth, hineteen hundred fifteen. for the purchase of the lots, bank building, furniture and fixtures of the Bank of Panama City, at Panama City, Florida. I reserve the right to reject any or all bids. D. L. Green. Reto dec10 ceiver, Bank Panama City.