Bank of Citra - Citra, FL

Bank Information

Episode Type: Run → Suspension → Closure
Bank Type: state
Start Date: October 1, 1928*
Location: Citra, Florida (29.412, -82.110)

Metadata

Model: gpt-5-mini
Short Digest: e835b634

Response Measures

Full suspension

Other: Receiver was Commercial Bank & Trust of Ocala; depositors later paid in installments and finally in full.

Description

Article states Bank of Citra closed in October 1928 and the Commercial Bank & Trust of Ocala became receiver. The write-up attributes the failure to rumors, and suspicions, and whisperings that forced the bank to the wall; depositors were later paid in full by the receiver. No specific misinformation event (e.g., false telegram) is described, so this is classified as a rumor-driven run that led to suspension/closure and receivership.

Events (3)

1. October 1, 1928* Run

Cause: Rumor Or Misinformation
Cause Details: Depositors driven by rumors, suspicions and whisperings leading to withdrawal pressure prior to closing.
Newspaper Excerpt: victim rumors, and suspicions, and whisperings which brought those charge the conclusion that they could not carry
Source: newspapers

2. October 1, 1928* Suspension

Cause: Rumor Or Misinformation
Cause Details: Bank closed in October 1928 after loss of depositor confidence from rumors; receiver appointed (Commercial Bank & Trust of Ocala).
Newspaper Excerpt: On October 1928, the Bank of Citra closed. ... turned over to the Commercial Bank Trust of Ocala, receiver.
Source: newspapers

3. December 1, 1928* Receivership

Newspaper Excerpt: December following fairs turned over to the Commercial Bank Trust of Ocala, receiver. company, June, the Citra depositors were paid per cent. This followed by another cent payment July. Last week these depositors were paid per cent them back their entire deposits within the receiver took charge.
Source: newspapers

Newspaper Articles (1)

1. January 14, 1930 The Tampa Times Tampa, FL

Article from The Tampa Times, January 14, 1930

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Article Text

On October 1928, the Bank of Citra closed. December following fairs turned over to the Commercial Bank Trust of Ocala, receiver. company, June, the Citra depositors were paid per cent. This followed by another cent payment July. Last week these depositors were paid per cent them back their entire deposits within the receiver took charge. The conclusion that the Bank of Citra should not have failed inevitable. There would seem, positively no actual need for closing' doors of banking instituthe affairs which were in such shape that its could be given full tlement the receiver short time. Precise facts upon the failure the Bank of Citra are unknown. the face of the showing that has been made fairly safe say that victim rumors, and suspicions, and whisperings which brought those charge the conclusion that they could not carry Whether there was an actual upon the institution or unknown, but that all the conditions for bank panic have been the situation. too that bank which has proved have been such condition has the Bank of should have been forced into tion. As the result what happened depositors all have all their money, but Citra hurt and general confidence banks bankers and banking shaken. And there many reasons for believing that the Bank of Citra not the only one history that could have gone ahead and carried safely had the people its home and doing business with not lost their place heads and forced to the wall. The lesson old but seems that people will learn There apparent reason, this date, should forced do