2182. Bank of Titusville (Titusville, FL)

Bank Information

Episode Type
Suspension → Closure
Bank Type
state
Start Date
March 12, 1930
Location
Titusville, Florida (28.612, -80.808)

Metadata

Model
gpt-5-mini
Short Digest
2a87d101a1d6e687

Response Measures

None

Description

Articles (Mar 12–13, 1930) report the Bank of Titusville failed to open and an examiner's notice was posted. They state there was no appreciable run and cite tied-up resources in depreciated bonds as the bank officials' explanation. The bank was closed by a bank examiner (government action). The articles do not explicitly mention a receiver being appointed, but the bank is described as closed, so I classify this as a suspension that resulted in closure.

Events (1)
1. March 12, 1930 Suspension
Cause
Government Action
Cause Details
Bank failed to open and an examiner's notice was posted; officials said large amounts of resources were tied up in depreciated bonds.
Newspaper Excerpt
TITUSVILLE Fla March Bank of Titusville... failed to open morning bank examiner notice was posted on the door.
Source
newspapers

Newspaper Articles (2)
1. March 12, 1930 The Atlanta Journal Atlanta, GA
Article from The Atlanta Journal, March 12, 1930

Click image to open full size in new tab

Article Text

Titusville, Fla., Bank Closed by Examiner TITUSVILLE Fla March Bank of Titusville. banking stitution in this town 3.000 people failed to open morning bank examiner notice was post ed on the door There had been appreciable run of the bank Tuesday Its December howed posits $636 101: loans and Bank officials informally the failure on ground that of tied up depreciated bonds

2. March 13, 1930 The Atlanta Constitution Atlanta, GA
Article from The Atlanta Constitution, March 13, 1930

Click image to open full size in new tab

Article Text

BANK OF TITUSVILLE, FLORIDA, IS CLOSED TITUSVILLE, Fla., March Bank of Titusville, only banking institution in this town of 3,000 people, failed to open this morning. A bank examiner's notice was posted on the door. There had been no appreciable run on the bank terday. Its December statement showed deposits $636,101; loans and discounts $322,000. Bank officials informally explained the failure grounds that large amounts resources were tied up depreciated bonds.