Daytona Bank & Trust Company - Daytona Beach, FL

Bank Information

Episode Type: Run → Suspension → Unsure
Bank Type: trust company
Start Date: June 3, 1926
Location: Daytona Beach, Florida (29.211, -81.023)

Metadata

Model: gpt-5-mini
Short Digest: 6a41c371

Response Measures

Full suspension

Other: OCR noisy; article reports temporary suspension (June 3, 1926) of Daytona Bank & Trust Company in Daytona Beach, FL. Mentions funds being drawn and loans being collected as fast as possible; multiple nearby banks also affected. No explicit run described in the text, but liquidity pressure is cited.

Description

OCR'd article (Chattanooga Daily Times, 1926-06-04) states Daytona Bank and Trust Company announced a temporary suspension June 3 after heavy withdrawals; other nearby trust/banks also suspended, suggesting contagion from local banks. Article does not state reopening or permanent closure.

Events (2)

1. June 3, 1926 Run

Cause: Local Banks
Cause Details: Heavy withdrawals as deposits were drawn and other nearby trust banks had suspended, indicating contagion from runs/suspensions at local banks.
Measures: Bank suspended payments (temporary suspension announced).
Newspaper Excerpt: suspension by The came after yesterday... funds its collect loans as fast as deposits drawn.
Source: newspapers

2. June 3, 1926 Suspension

Cause: Local Banks
Cause Details: Temporary suspension announced after rapid withdrawals and amid suspensions/announcements from other local trust/banks (East Bank and Trust, Coast Bank and Trust, American Bank Trust).
Newspaper Excerpt: DAYTONA Bank and Trust company announced temporary suspension ... announced temporary suspension by The came after yesterday.
Source: newspapers

Newspaper Articles (1)

1. June 4, 1926 Chattanooga Daily Times Chattanooga, TN

Article from Chattanooga Daily Times, June 4, 1926

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Article Text

DAYTONA BEACH BANK TEMPORARILY CLOSED BEACH, Fla., June 3 DAYTONA Bank and Trust company announced temporary suspension by The came after yesterday. the East Bank and Trust comfailed its busiBoth banks yesterday $100,000. Coast Bank and Trust announced that had temcompany porarily funds its collect loans as fast as deposits drawn. suspension of business by the created yesterday this American Bank Trust company announced today. reserve immediate time for openboard decided suspend until arrival from state