First National Bank - Daytona Beach, FL

Bank Information

Episode Type: Run Only
Bank Type: national
Bank ID: 12546
Charter Number: 12546
Start Date: July 12, 1929
Location: Daytona Beach, Florida (29.211, -81.023)

Metadata

Model: gpt-5-mini
Short Digest: ab66214b

Response Measures

Accommodated withdrawals

Description

Articles report runs on the First National Bank (Daytona Beach) on July 12, 1929; the bank was able to meet depositor withdrawals and did not suspend. Runs were triggered by closures of two other local banks (Merchants Bank & Trust Co. and Atlantic Bank & Trust Co.) and regional bank failures.

Events (2)

1. June 2, 1924 Chartered

Source: historical_nic

2. July 12, 1929 Run

Cause: Local Banks
Cause Details: Runs were triggered by the closing of the Merchants Bank and Trust Company and the Atlantic Bank and Trust Company in Daytona Beach and other recent Florida bank failures.
Measures: Paid/was able to meet depositor withdrawals; met demands of depositors
Newspaper Excerpt: Runs were made on the Daytona Beach Bank and Trust company and the First National bank, the other two financial institutions here, but they were able to meet the demands of depositors' withdrawals
Source: newspapers

Newspaper Articles (3)

1. July 13, 1929 The Greenville News Greenville, SC

Article from The Greenville News, July 13, 1929

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Article Text

BANKS CLOSED DAYTONA BEACH. July 12. The Merchants Bank and Trust company, and the Atlantic Bank Trust company here closed today. Runs were made on the Daytona Beach Bank and Trust company the First tional bank, the other two financial here. but they to meet the demands of depositors' withdrawals

2. July 13, 1929 The Tampa Tribune Tampa, FL

Article from The Tampa Tribune, July 13, 1929

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Article Text

Two Banks Close At Daytona Beach DAYTONA July 12. The Merchants Bank Trust company the Atlantic Bank Trust company here closed their doors Runs also made on the Daytona Beach Bank Trust company First National bank, the institutions here. but they were able to meet the demands of depositors withdrawals. The bank failures here brought to five the number of banks that closed their doors in Florida the two The Volusia County Bank Trust company and the National bank in DeLand the Colonial Bank Trust company of Miami closed yesterday. Notices posted doors of the Beach institutions stated been closed by the aminer for protection the depositors pending The notices bank. which identical wording, stated that efforts would made pay all depositors in full Officials of the Atlantic National bank and the Barnett National bank of Jacksonville wired officials the two closed institutions, offering them financial

3. July 13, 1929 The Austin American Austin, TX

Article from The Austin American, July 13, 1929

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Article Text

RUNS CLOSE BANK AT DAYTON BEACH, FLA. DAYTONA BEACH, Fla., July 12.-(P)-The Merchants Bank and Trust company and the Atlantic Bank and Trust company here closed today. Runs also were made the Daytona Beach Bank and Trust company and the First National bank, the other two finanetal institutions here, but they were able meet the demands of depositors' withdrawals