Multiple contemporaneous wire/press reports (Jan 30, 1930) state the Commercial Bank of St. Augustine failed to open its doors and a notice signed by President C. Gilbert said the bank suspended business for the protection of all its depositors alike, and has placed itself in the hands of the state banking department. There is no mention of a depositor run or of an assigned receiver in these articles. The bank was placed in the hands of the state banking department (administrative supervision), suggesting a suspension rather than an immediate receivership. No later reopening or permanent closure is reported in the provided clippings; I classify as suspension_reopening as the most likely outcome given the language that the suspension was for depositor protection and involved the state department (often indicating temporary supervision). If further articles show a receivership or permanent closing, episode_type should be updated.
Events (1)
1.January 30, 1930Suspension
Cause
Government Action
Cause Details
Notice posted (signed by President C. Gilbert) stated bank suspended for protection of depositors and placed itself in hands of the state banking department (state supervision).
Newspaper Excerpt
This bank suspended business for the protection of all its depositors alike, and placed itself in the hands of the state banking department.
Source
newspapers
Newspaper Articles (11)
1.January 30, 1930News-PressFort Myers, FL
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TAKEN FAILS;
Depository Closed
AUGUSTINE, Commercial Bank Augustine, which had been in existence for about years, failed to open doors for business today. notice posted the door and by President Gilbert stated that the bank suspended for the protection of all depositors alike, and has placed itself in the hands the state banking Officials of the other two banking institutions here stated that they adequately prepared meet any withdrawals by depositors. Lamar, president of the St. Augustine National Bank, that his institution had funds hand amounting to approximately and that additional quarter of million dollars here today from Jacksonville to meet any withdrawals. statement for the commercial bank December last, ed capital stock of $30,000; plus and liabilities and
SPRINGS, Ala., Coffee Springs National Bank, subsidiary of the Dothan National Bank which failed at Dothan yesterday, failed to for open business today. The bank capitalized at $25,000 and listed surplus and undivided The Coffee Springs bank one of chain several southeast Alabama banks controllby Crawford who served both institutions president. cashier fee Springs bank, ment the cause of closings. Coffee Springs Geneva county.
DOTHAN, Byrne, national bank examinarrived today and took charge affairs of the Dothan National Bank which closed yesterday. Crawford, president of the bank atrributed the closing of the institution to "idle gossip" concerning its financial status and asserted that the bank solvent and able to meet its abligations,' Dothan has three banks. other
ST. AUGUSTINE CLOSES
ST. Fla., Jan. 30. Commercial Bank of Augustine, which had been in existence for years, failed its doors for today notice posted on the door and signed by President Gilbert statthat the bank "has business for the of all its alike, and has placed itsin the hands of the state department."
3.January 30, 1930The Stuart NewsStuart, FL
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Commercial Bank at St. Augustine Fails ST. AUGUSTINE, Jan. 30. (AP) The Commercial Bank of St. Augustine, which has been in existence for twenty years, failed to open its doors for business today. A. notice signed by President C. Gilbert said: "This bank suspended business for the protection of all depositors alike and placed itself in the hands of the state banking department." Officials of the two other banks here said they were adequately prepared to meet any withdrawals by
4.January 30, 1930The Atlanta JournalAtlanta, GA
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Investment Trusts
Cotton Belt Weather
ATLANTA AND VICINITY FAIR. CONTINUED COLD THURSDAY NIGHT: FRI. DAY FAIR AND WARMER.
LOCAL WEATHER REPORT Highest Lowest Temperature Normal temperature Rainfall past 24 hours. including Total rainfall since first of month since since January
SHIPPERS' FORECAST perishable reach heir destination 36 be prepared to withstand 20 west and CONDITIONS The storm moved the Carolina central tation over the entide southeast, much snow over northern Georgia and the Carolinas lower the with slightly freezing are degrees the weather Thursday afternon and the snow ASHINGTON For Georgia: Fair Friday with Tennessee Fair Friday and portion Friday Fair colder rising temperature diminishing and South Carolina Fair tonight and colder on the temperature Fri. day Virgnnia: clooudy and slightly coast tonight with temperature and diminishing by Alabama and Florida with slow rising atures tonight and frost coast the tonight and Texas and Friday and generally warmer in southeast por
OBSERVATIONS
Wool Inquiries Pick Up
Special Wire BOSTON Thursday Jan. 30.-Infor three-eighths and quarter blood fleece wools are but no sales have been reported today However small lot of territory three-eighths blood has sold at 70@ for average wool and some fairly good staple blood has changed hands at and lower Several houses revised their quotations down. ward, while others maintaining levels Fine territory combing clean was quoted today at 80@82c French combing half blood three-eighths blood 74@76c. quarter blood Ohio fleeces 35c. blood 37 39c and quarter blood 38c.
New York Bank Stocks
NEW YORK Jan. Affiliated Inv Inc Affiliated units Hamilton Inv Cent 6% pfd Cont Founders Stocks London Emp Emp Part R'way Gen Stand Oilstocks 11% Financial Financial Atlantic Int units war Bankers Invest Bankstocks Corp Industry Shares Bedford Nat units British Invest Brooklyn Cap Inc Manage Gen Gen Equit Chain Invest pfd com pfd Phenix Allied Exchange Exchange Nat Investors Met Foster Ins Ins Sh Shares Equitable Corp Cam Fixed Trust Shares Shares B General Granger Trade Incorporated Equities Incorporated Investors Inv Am pfd Investment z Trust Shares Keystone Invest Keysttone Invest of Del Investors Trust Mohawk Metropolitan Ban Corp Nat Bond Am Trust Shares Old Colony Oil Shares Inc Overceas Secur Inc Petroleum Power Light Sec Trpst time First eInvest new past 24 Stand Collat Trust Shares and Standard STATIONS Low High Invest Straus Invest Abilene National Trad Asheville Standard Oil Shares Atlanta Union Financial Unitde Birmingham United United Buffalo & Pr Shares Charleston Shares S Shares A1 Denver Moines Shares City Shares Galveston Shares Hatteras S Canadian Securities Inv Corp units Kansas City Yeapier Little Rock Louisville NEW YORK Jan. the Macon counter Memphis Stocks. Bid Meridian Miami Aetna Fire Mobile Aetna Life Am Alliance New Orleans Am Equitable Newark Platte Am Reserve Oklahoma Palestine Am Reinsura Pensacola Automobile Pittsburgh Raleigh Boston San Antonio Brooklyn Fire San Francisco Bronx Carolina Lake City Savananh Chicago Shreveport Colonial St Tampa Columbian Thomasville Continental Toledo Ind Gas Gen L Wilmington Cosmopolitan Federal GERMAN BONDS AND STOCKS Dep NEW YORK Bid Franklin Ger Red with drawing Gen Reinsur Germanic 58 60 Ger Red Ln Globe dollars per million Great American Hamburg 10 American Ind Quoted in dollars per Hanover German Gen Hartford Fire Hartford Fire See Homestead Hudson Exp Indem dollars per Independence Ge Lincoln Fire Casualty Majestic Berliner Handles Maryland Casualty Massachusetts Bond Merchants Manufact Darmstaedter Bank Fire Fire Chem new Straight Bank Vienna Life Mohawk Fire Casualty Liberty Amsterdam Bruns England Hampshire New Jersey Insur York Fire North River Northern Pacific People's Nat Phoenix Preferred Ac Prov-Wash Reliance Cas (Pitts) Rhode Island Roch Amer M Security Sun Life Transportation rans rans Reins Travelers Bank at St. Augustine Fid Fails to Open Doors Fire Mer ST. AUGUSTINE Jan. 30. Mer P-The Commercial Bank of St Victory Augustine which had been operating ing
NEW market: Bid America units Broadway Natl Bryant Central Natl Phenix Natl Natl Columbus Commercial Natl Grace Harbor State Harriman Natl 1375 Lebaron Lefcourt Nor Manhat Co Penn Exchange Port Morris Prisco State Public Seward Natl Textile Union (Bronx) World Yorkville
5.January 31, 1930Joplin GlobeJoplin, MO
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FARM BOARD WON'T BUY ANY COMMODITIES menting on reports from New Orleans to the effect that cotton prices have declined $2 a bale there as a result of a statement by him to the effect that the federal farm board will not buy cotton at prices higher than the market, Chairman Legge said today that the board was not going to buy cotton or any other commodity at any price. "Reports of what the board con templates doing," Legge said, "evidently have been garbled. "There has been no change whatever in the board's cotton loan policy. The board will continue to make supplemental commodity advances to the cotton co-operative associations on the cotton loan value basis announced October 21, 1929, and has no intention of calling loans already made to these associations.' Legge explained that it was the American Cotton Co-Operative Association that conducted market operations and not the federal farm board.
Florida Bank Fails. St. Augustine, Fla., Jan. 30.-(P) -The Commercial Bank of St. Augustine, which had been in operation here for twenty years, failed to open its doors for business today.
A notice posted on the door and signed by President C. Gilbert stated that the bank "has suspended business for the protection of all its depositors alike, and has placed itself in the hands of the state banking department."
FLORIDA BANK SUSPENDS. St. Augustine, Fla., January 30(AP)-The Commercial Bank of St Augustine, which had been in operation here for 20 years, failed to open Its doors for business today. A notice posted on the door and signed by President C. Gilbert stated that the bank "has business for the of all its depositors alike.' and has placed itself in the hands of the State Banking
FLORIDA BANK SUSPENDS. St. Augustine, Fla., January 30(AP)-The Commercial Bank of St Augustine. which had been in operation here for 20 years, failed to open its doors for business today A notice posted on the door and signed by President C. Gilbert stated that the bank "has suspended business for the protection of all its depositors alike." and has placed itself in the hands of the State Banking Department.
8.January 31, 1930The Escanaba Daily PressEscanaba, MI
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St. Augustine Bank Closes Its Doors
St. Augustine, Fla., Jan. 30 (AP) The Commercial Bank of St. Augustine, which had been in operation here for 20 years, failed to open its doors for business today. notice posted on the door and President C. Gilbert sgned by stated that the bank "has suspended business for the protection of all its depositors alike, and has placed itself in the hands of the state banking
9.January 31, 1930The Macon TelegraphMacon, GA
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BANK FAILS TO OPEN
St. Augustine Commercial Is Hands of State Examiners
In
ST. AUGUSTINE Fla., Jan. 30 (P) The Bank Augustine, which had been in existence here for about years, to its doors for business today notice on the door signed by President C. Gilbert said the bank business the its depositors alike, and has in the hands of the state banking department." Officials of the other two banks here said they were prepared any withdrawals by depositors.
10.January 31, 1930Richmond Times-DispatchRichmond, VA
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'Pig Woman' in Hospital
Witness in Famous Murder Case Critically III
JERSEY CITY, N. Jan 30-(P) "pig the today reported in critical condition City She was admitted The the be treated an incurable ailment.
St. Augustine Bank Closes. ST. AUGUSTINE Jan. 30-(P) Commercial Bank of Auguswhich had in operation twenty failed to open doors business today. notice posted and signed President C. Gilbert stated the bank "has for the protection and has the hands of the State Banking
11.December 24, 1931Dorchester StarDorchester, NE
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'Pig Woman' in Hospital
Witness in Famous Murder Case Critically III
JERSEY CITY, N. Jan 30-(P) "pig the today reported in critical condition City She was admitted The the be treated an incurable ailment.
St. Augustine Bank Closes. ST. AUGUSTINE Jan. 30-(P) Commercial Bank of Auguswhich had in operation twenty failed to open doors business today. notice posted and signed President C. Gilbert stated the bank "has for the protection and has the hands of the State Banking
