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PALM BEACH BANKS EXPERIENCING RUN WEST PALM BEACH, March 14. (AP) Three Palm Beach county banks failed to open their doors day while another local financial institution sought to check a critical run. The Farmers Bank & Trust Co., of West Palm Beach and the First National Bank of Lake Worth, and the Ocean City Bank of Del Ray did not open. The Citizens Bank of West Palm Beach was the object of a determined run.
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Three More Banks In Florida Fail WEST PALM Fla., March Three Palm Beach county banks failed open their doors today while another local financial institution sought to stave off severe run. The Farmers Bank and Trust company of West Palm Beach, one the largest banks this section. did not open today. the First National bank of Lake Worth and the Ocean City bank of Del Ray did not open this morning The closing Lake Worth left that city without bank. long line of men and women braved pelting rain here this morning in determined run on Citizens Bank of West Palm Beach
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MORE BANKS FLORIDA Farmers' Bank & Trust Co. Succumbs to Others Soon Follow Suit. United Press West Palm Beach. Fla March First National Bank of Lake Worth and the Ocean City Bank of Del Ray closed their doors today after failure of the Farmers' Bank and Trust Co. to open. The two stitutions closed without previous announcement. Six banks in the district closed in in less than year Frenzied depositors clinging in groups about the streets here and runs were feared remaining banks. Attempts being by other institutions import funds from Miami and Jacksonville stave off continuance of failure. No chartered bank Palm Beach after the past closings and indications that members of millionaire there take hand the ony situation. The Farmers Bank Trust of banks Company which heavy made Tuesday three banks and Palm Beach closed their doors. The Farmers' Bank within the next Reese said the bank forced of circumstances" made acute by the closing the three banks last week. Public funds the bank were said to by municipal bonds and pository bonds Depositors counts also Reese
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MORE BANKS FLORIDA Farmers' Bank & Trust Co. Succumbs to Others Soon Follow Suit. United Press. West Palm Beach, Fla., March 14. First National Bank of Lake Worth the Ocean City Bank of Del Ray closed their doors today after failure of the Farmers' Bank and Trust Co. open. The two institutions closed without previous announcement. Six banks in the district have now closed in week-nine in less than year. Frenzied depositors were clinging in groups about the streets here and runs were feared at remaining banks. Attempts were being made by other institutions import funds from Miami and Jacksonville to off continuance of failure. No chartered bank open Palm Beach after the past week's closings and indications were today that members the millionaire colony there might take hand in the situation. The Farmers and Trust Company one of two banks on which heavy runs were made last Tuesday when three banks here in Palm Beach closed their doors. The Farmers' Bank may reopen within the next 30 or 60 days, was intimated. Reese said the bank forced to close of circumstances" made acute by the closing of the three banks last week. Public funds held by the bank were said to safe, cured by municipal bonds and depository bonds underwritten by surety companies. Depositors' accounts also were safe, Reese said.
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West Palm Beach Institutions Involved RUNS ARE MADE ON BANK THAT OPENED Miami is Sending Funds by Armored Trucks and the Storm May Pass Soon By Associated Press WEST PALM BEACH, Fla. Mar. 14 -Three Palin Beach county banks failed to open their doors today while another local financial institution sough to stave off severe run. The Farmers' Bank and Trust company of West Palm Beach, cne of the largest banks in this section did not open today midnight an. by Reese, its president that the closing of two local banks and Palm Beach bank last Tuesday had precipitated the action Simultaneously the First National Bank of Lakeworth and the Ocean City bank of Del Ray did not open for business this morning. No reasons for their separate actions were made public. T. Hawkins, state bank examiner, immediately assumed charge of the Del Ray institution. The closing at Lakeworth left that city withbank. The Del Ray bank was capitalized at $25,000 with deposits aggrega $1,699,850. while the Lakeworth bank capital of and deposits of $2,623,690 according to their lates' long line of women braved pelting intermittent rain here today in the Citizens Bank Beach. Mild excitement revailed while friends of the bank sough* influence all against with of funds. Reports were circulated that an armored truck was speeding here with substantial financial aid from Miami banks. Officials and directors of the Cit izen's bank, who had been in session all night, met the run this morning with statement assuring the depositors ha sufficient funds had been obtained to pay everyone and that the bank "would not close new or here "We believe that successful withstanding of the ordeal through which West Palm each has gone will be factor in the early re-establishment of confidence," the statement declared. The Citizen's bank together with the three closings.
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BANK TROUBLES Three Institutions Fail to Open Being Rushed from Miami to Save Citizens Deposits. PALM PEACH, Fla., Mar. Palm Beach county banks failed to open their doors another local financial institution sought to stave off severe run. The Farmers' Bank and Trust company of West Palm Beach, one of the largest banks in this section did not open today following a midnight announcement by T. T. Reese its president that the closing of two local banks and a Palm Beach: bank last Tuesday had precipttated the action. the First National Bank of Lakewood and the Ocean City Bank of Del Ray did not open this morning. No reasons for their separate actions were made public. C. Hawkins, state bank examiner assumed charge of the Del Ray institution. The closing at Lake Worth left that city without a bank. The Del Ray bank was capitalized at with deposits aggregating $1,699,850 and the Lake, Worth bank had capital of $100,000 and deposits of $2,622,690. Both in their last statements published in July, 1926. line of men and women braved a pelting, intermittent rain here this morning in a determined run on Citizens' Bank of West Palm Beach. sizeable crowd started forming an hour before its usual opening time and was augmented by the reports that the Citizens'. Bank had not been opened. Mild excitement prevailed, while friends of the bank sought to talk with each person in Ime in an attempt to influence each against withdrawal of funds. The line remained intact although a hard shower dispersed crowds which collected to jam traffic at the intersection. Reports were circulated that an armored truck was en route here with substantial financial aid from Miami banks. Officials and directors of the Citizen's bank which had been in session all night, met the crowds with a statement, assuring the depositors that sufficient funds had been obtained to pay everyone and that the bank would not close now nor hereThe Citizens' Bank together with the Farmers' Bank last week weathered determined runs.
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PALM BEACH COUNTY ONE OF THE LARGEST BANKS IN PALM BEACH IC CAUGHT IN THE FAILURES. West Palm Beach, March 14. strenuous run on the Cit izens bank was started at the c'elock opening hour and continued until early afternoon, abated at o'elock this afternoon with small lines within the bank and at the several windows. The long line of patrons was viously stretched almost block street and half block on another, had disappeared and only curious throng of spectators mained. Officials of the bank reiterated their statement that the closing hour had been extended to o'clock the interest of their depositors, West Beach, March 14. Palm Beach county banks failed to open their doors day, while another Tocal financial stitution sought ostave run, The Farmers Bank and Trust comTany of West Palm Beach, one of the largest banks in this section, did not open today folowing midnight by Reese, president, that the closing of two cal banks and Palm Beach bank last Tuesday had precipitated the tion. Simultaneously the First National bank of Lake Worth and the Ocean City bank of Del Ray did not open this morning. No reason for their separate actions were made public. Hawkins, state bank examiner, assumed charge the Del Ray institution. The closing at Lake Worth left that city without bank. The Del Ray bank was capitalized at $25,000 with deposits aggregat$1,699,850 and the Lake Worth bank had capital of $100,000 and deposits of both in their last statements published in July 1926. A long line of men and women braved pelting intermittent rain here this morning in determined run on the Citizens Bank of West Palm Beach. A sizeable crowd started forming an hour before its usual opening time and was augmented by reports that the Farmers Bank no thee проепед. The line stretched solid almost block on Clements street and on Narcissus street half block. The line remained intact. although hard shower disursed curious crowds times to jam Reports were circulated that an truck enroute here with aid from banks. Officials and directors of the Citizens Bank, who had been in session all night, met the run this morning statement assuring the ositors that sufficient funds had been obtained to pay every one and that the bnak "would not close now The Citizens Blank, together with the Farmers Bank, last week weathered the determined rans,
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THREE BANKS CLOSED; ON Line of Depositors Long Braves Rain to Draw Out Cash from West Palm Beach Institution WEST PALM BEACH, (Fla.), March Beach county banks failed to open their doors today while another local financial institution fought stave off severe run. The Farmers Bank and Trust Company of Palm Beach, largest banks this section, did not open following midnight announcement by Reese, its president, that closing two local banks Palm Beach bank last Tuesday action. LAKE WORTH BANKLESS the First National Bank Lake Worth and Ocean City bank of Del Ray not open this morning. No their separate actions made public. Hawkins, state bank assumed charge the Del Ray institution. The closing Lake Worth left city bank. The Del Ray bank was $25,000 with deposits aggregating and the Lake Worth bank had capital of 000 and deposits both in their last statements published July, 1926. line of men and women pelting, rain here this morning determined Citizens Bank of West Palm Beach sizeable crowd started forming hour before its usual opening time and aug. mented by the reports that Farmers Bank had not been The line stretched solid block on Clematis street and Narcissus street half block. Mild excitement prevailed while friends of the bank sought to talk with each person in line attempt influence all against funds. LINE BRAVES RAIN The line remained intact, though hard shower dispersed curious crowds which threatened times jam traffic this Reports were circulated that armored truck enroute here with substantial financial aid from Miami Officials and directors of the Citizens Bank who had been session all night, met the run this morning with statement assuring depositors that sufficient funds had been received to pay every one and that "would not close now hereafter." believe that the successful withstanding the ordeal through which Palm Beach has will factor in the early confidence,' the declared. The Citizens with the Farmers Bank week weathered the determined runs.
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THREE PALM BEACH BANKS CLOSE DOORS (By Associated Press) West Palm Beach, Fla., Mar. 14. Three Palm Beach county banks today failed to open their doors, while another local institution sought to stave off a severe run. The Farmers' Bank and Trust company of West Palm Beach, the First National Bank of Lake Worth and the Ocean City Bank of Del Ray remained closed. A long line of men and women braved the pelting rain in the run on the Citizen's Bank of West Palm Beach.
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THREE FLORIDA BANKS CLOSED; TOTAL NOW SIX PALM BEACH March 14 county banks open while another institution sought to run The and pany of Palm of the largest banks In did not open today following midnight by that the closing of two local banks and Palm bank last Tuesday had precipitated the the First Bank of Lake Worth and the Ocean City Bank of Del Ray did No reasons for their separate were made public actions state the Del Ray The at Worth left city closing without bank The Del Ray bank capitalized deposits the Worth bank capital of and deposits according their last long of and women pelting rain here run Citizens Bank of sizeable time and the the not the person all of funds The of the statement clared Bank the ered the determined Henry Brown cashier of the Fed Reserve Helena from February until April president of the First National bank at from this city position the southern institution He cently be
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WEST PALM BEACH (Fla.), Mar. quieter zone prevailed in Palm Beach tonight, following period excitement when determined on the Citizens Bank, prompted by the closing of three banks in the county. abated this ternoon leaving only short lines depositors at the windows. Two of the three open here did experience They observed regular closing hours. The Citizens Bank, however, nouncing that plenty of funds had been obtained to pay every depositor, remained open until six o'clock meet all requests for payments. The banks which did not open today included the Farmers Bank Trust Company, one of the largest banking institutions here. The First National Bank of Lake Worth and the Ocean City Bank of Del Ray were other banks which did not open.