Article Text
Two Clearwater Banks Turned Over to State CLEARWATER Fla., June 10 tions. the Bank of Clearwater and the Guaranty Title and Trust comto open for business here this The First National and the
2299. Guaranty Title & Trust Company (Clearwater, FL)
Bank Information
- Episode Type
- Suspension → Closure
- Bank Type
- trust company
- Start Date
- June 12, 1930
- Location
- Clearwater, Florida (27.966, -82.800)
Metadata
- Model
- gpt-5-mini
- Short Digest
98ab8c25
Response Measures
None
Description
Multiple contemporary wire reports (June 12, 1930) say the Guaranty Title and Trust Company of Clearwater closed their doors, failed to open, and was turned over to the state banking department. There is reporting of runs and unfavorable 'talk' affecting Florida banks generally, but no article explicitly describes a depositor run on this specific institution. The bank was taken into state control and did not reopen in these accounts, so I classify this as a suspension that resulted in closure/receivership.
Events (2)
1.
June 12, 1930
Receivership
- Newspaper Excerpt
- Two Clearwater Banks Turned Over to State... the Guaranty Title and Trust com[ pany ]... went into the hands of the state banking department today and closed their doors.
- Source
- newspapers
2.
June 12, 1930
Suspension
- Cause
- Government Action
- Cause Details
- Closed and turned over to the State Banking Department; failed to open and taken into state control according to wire reports.
- Newspaper Excerpt
- Bank of Clearwater and the Guaranty Title and Trust Company... closed their doors today
- Source
- newspapers
Newspaper Articles (9)
Click image to open full size in new tab
Click image to open full size in new tab
Article Text
MORE CLOSED Tla., June 12. The bank of Clearwater, capitalized at $250,000 and the Guaranty Title and Trust Company, smaller institution, also of Clearwater, closed their doors today, bringing 12 the number of recent bank closures in Florida. Clearwater is on the Florida West Coast, near Tampa.
Click image to open full size in new tab
Article Text
$2,000,000 TO AID FIVE MIAMI BANKS Bankers Confident Normalcy Will Soon Be Restered. Miami, Fla., June 12. (U.P.)-The arrival of $2,000,000 in cash by airplane and several reassuring statements by State Banking officers helped today to allay the uneasiness of depositors who had funds in five banks which closed here yesterday. One of the banking officials insisted the situation was not acute, and declared that the condition which led to the closures would have adjusted themselves if there had not been unfavorable "talk," some of it by bankers themselves. The banks which closed were the Bank of Bay Biscayne, with resources of $17,182,292; the Biscayne Trust Company, with $1,962,148: the Miami Beach Bank and Trust Company, with $2,593,281; the Bank of Coral Gables, with $743,759. and the Bank of Homestead. Local bankers said they were confident normalcy would be restored promptly when the public understood the cause of the heavy run made on the Institutions. They had the assurance of additional aid from the Federal Reserve if it were needed, they said. Two More Banks Close. Miami, Fla., June 12. (U.P.)-The Bank of Clearwater, capitalized at $250,000 and the Guaranty Title and Trust Company, smaller institution. also of Clearwater. closed their doors today, bringing to 12 the number of recent bank closures in Florida. Clearwater is on the Florida west coast, near Tampa. Attended Graduation. Mr. and Mrs John Breslin, Misses Alice and Margaret Breslin. Joseph Breslin and P. J. Rattigan returned from Washington, D. C., where they attended the graduation exercises of the Georgetown Medical College John Brealin. Jr., was one' of the graduates receiving the Bachelor of Science degree in medicine.
Click image to open full size in new tab
Article Text
MIAMI RECEIVES MONEY BY PLANE $2,000,000 Rushed to City Where Five Banks Closed. By United Press MIAMI, Fla.-The arrival of $2,000,000 in cash by airplane and several reassuring statements by state banking officers helped today to allay the uneasiness of depositors who had funds +n five banks which closed yesterday. One of the banking officials insisted the situation was not acute, and declares the conditions which led to closures would have adjusted themselves if there had not been unfavorable "talk," some of it by bankers themselves. It was said today that an additional $4,000,000 was being rushed Into the Miami district by mail. It will arrive this afterThe banks which closed were the Bank of Bay Biscayne, with resources of $17,182,292; the Biscayne Trust Co., with $1,962,148; the Miami Beach Bank & Trust Co., with $2,593,281; the Bank of Coral Gables, with $743,759, and the Bank of Homestead. Local bankers said they were confident normality would be restored promptly when the public understood the cause of the heavy run made on the institutions. They had the assurance of additional aid from the Federal Reserve if it were needed, they said. CLEARWATER BANK FAILS By United Press Bank of Clearwater, capitalized at $250,000 and the Guaranty Title and Trust Company, smaller institution, also of Clearwater, went into the hands of the state banking department today and closed their doors.
Click image to open full size in new tab
Article Text
TWO OTHER FLA. BANKS CLOSE (I. N. S. Telegram) CLEARWATER, Florida, June 12.-Two small banks, the Bank of Clearwater and the Guaranty Title and Trust Company, failed to open here this morning. There are no heavy runs on other banks here.
Click image to open full size in new tab
Article Text
RIGHT OFF THE WIRE. Sticks To Oxen Calicoon, June general beasts burin this section was disearded years Jacob Dreher. farmer Beechwoods, still prefers them to horses. he they are Electricity In Japan Tokyo, June by electricity has strong hold on Japcountry many economic conditions have been unchanged for hundreds years. conductby the government shows electric light bulbs the of 1929. Tokyo led the of users, with 105 bulbs per 100 Treasury Balance. Washington, June The treasJune Customs receipts for the month that date totaled expenditures Attempted Jail Break. June tempted break county jail here when Martin bor, made attempts escape from prisons various of the was prehended Warden Tablor from the county jail August, 1925, by gling through window five three fourths inches He had brought year term for burglary term years for mail robbery the McNeil Island federal penitenWashington. had been watching for weeks after finding cell. placed itary confinement today. Banks Close Doors. Miami, June The Bank Clearwater, Guaranty Title and $250,000 and the Trust Company, smaller Clearwater, closed their doors also today, bringing twelve the number recent bank closures Florida. Clearwater the Florida coast, Tampa. banks closed yesteday the Bank of Bay Biscayne, of the Biscayne the Trust Beach and Trust Miami the Bank pany, and the Coral Gables, with Homestead. bankers said when the public promptly heavy run made the the They had the institution. from the fedadditional needed. they reserve Voluntary Bankruptcy. June 12(LP)Mount Rock trading the Knepp. Ideal Block blocks, filed ufacturers cement bankruptcy voluntary petition here listing Federal Court and bilities estate valued Real Knepp agreed in the assets, surrender proppetition benefit of his for the Commitee Wants Papers. June Foreign Relations today by vote adopted right resolution asserting Naval Conference London been refused the which committee President Hoover. Chairman Borah the the committee to Mr. Hover and Secretary Stimson through whom State former's refusal produce the papers known the committee. resolution will be presented the Senate for action expression opinion. Lingle Buried. Chicago, June Lingle, by men he had followed for police was years buried with military honors today while civil authorities sent expert out end, with bullets, the gang which have claimed lives. The funeral procession through Garfield Park the West Side from the bureau that the hoodlum roundup of the last hours had behind jail
Click image to open full size in new tab
Article Text
CASH STRENGTHENS FLORIDA BANK SITUATION Unfavorable Talk Is Blamed For Runs That Caused Five Banks To Close Miami, Florida, June 12 Bank of Clearwater, capitalized at $250,000, and the Guaranty Title and Trust Company, smaller institution, also of Clearwater, Florida, closed Thursday bringing to twelve the number of recent bank closures in Florida. Miami, Florida, June arrival of two million dollars in cash by airplane and several reassuring statements by state banking officers helped Thursday to allay the uneasiness of depositors who had funds in five banks which closed here Wednesday. One of the banking officials insisted the situation was not acute and declared that the condition which led to the closings would have adjusted themselves there had not been unfavorable "talk," some of it by the bankers themselves. Local bankers said they were confident normalwould be restored promptly when the public understood cause of the heavy run made on the institutions. They had assurance of additional aid from the federal reserve, if It were needed, they said.
Click image to open full size in new tab
Article Text
MORE FLORIDA BANKS SUSPEND THURS. Total Closures Recently Reach 12; Rush Money to Institions by Air Route Miami, Fla., June 14.-The Bank of Clearwater, capitalized at $250,000. and the Guaranty Title and Trust Co., a smaller institution, also of Clearwater, closed Thursday, bringing to 12 the recent bank suspensions in Florida. Clearwater is on the Florida west coast, near Tampa. Arrival in Miami of $2,006,000 by airplane and several reassuring statements by state banking officers helped Thursday to allay the uneasiness of depositors who had funds in five banks which closed here Wednesday. In addition to the plane shipment, $4,000,000 was expected by rail to aid in restoring confidence. The banks which closed were the Bank of Bay Biscayne, $17,182,292 resources; Biscayne Beach Bank and Trust Co., $2,593,281; Bank of Coral Gables, $753,759, and the Bank of Homestead.
Click image to open full size in new tab
Article Text
TWO OTHER FLA. BANKS CLOSE (I. N. S. Telegram) CLEARWATER, Florida, June 12.-Two small banks, the Bank of Clearwater and the Guaranty Title and Trust Company, failed to open here this morning. There are no heavy runs on other banks here.