First State Bank - Hialeah, FL

Bank Information

Episode Type: Run Only
Bank Type: state
Start Date: June 1, 1930*
Location: Hialeah, Florida (25.858, -80.278)

Metadata

Model: gpt-5-mini
Short Digest: 181a1795

Response Measures

Capital injected

Other: Executors of the Curtiss estate and bank president (Mayor Reeder) assured backing of deposits; estate support acted as capital/deposit guarantee.

Description

Article (The Miami News, 1930-07-30) reports that deposits guaranteed by the Curtiss estate helped after the June failure of the Bank of Bay Biscayne which caused run and led to increased checking withdrawals at the First State Bank of Hialeah. OCR errors in the text were corrected (e.g., Bank of Bay Biscayne and month June). No suspension, closure, or reopening is mentioned—only withdrawals/run activity.

Events (1)

1. June 1, 1930* Run

Cause: Local Banks
Cause Details: Failure of the Bank of Bay Biscayne in June triggered increased withdrawals at First State Bank of Hialeah.
Newspaper Excerpt: the failure the Bank of Bay BisJune caused run other financial institutions Greater checking withdrawals the Hialeah bank.
Source: newspapers

Newspaper Articles (1)

1. July 30, 1930 The Miami News Miami, FL

Article from The Miami News, July 30, 1930

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Article Text

CURTISS PLANS IN FLORIDA WILL BE CARRIED OUT Mayor Reeder Says Executors of Estate to Advance Work BRIGHTON PROJECT IS TO BE. PUSHED Interests Still Will Remain Behind Bank of Hialeah The faith in Florida's future that prompted Glenn H. Curtiss to become one of the state's greatest developers, is shared by executors of the late air pioestate, who will carry forward the Curtiss program conclusion which the several hundred dollars the word Brought Miami night by Mayor Reeder, upon his return attend funeral Mr. Curtiss, who died in Buffalo hospital July when he thought well road recovery from appendicitis operation. Curtiss estate is behind the First State Bank of Hialeah and full the various projects Mr. Curtiss had under Florida the time his death," Reeder Mayor Reeder. who president the Hialeah bank. the deposits which guaranted Curtiss when failure the Bank of Bay BisJune caused run other financial institutions Greater checking withdrawals the Hialeah bank. consupervisory capacity the Curtiss Executors the had been sociated the air since early days port bicycle will Florida date inspect the Curtiss holdings, Mayor Reeder phase of the Curtiss James M. Bright. who long sociated the air pioneer. the lake region Florida Okeechobee City. town the making. just brains OpaLocka and Miami Springs. Mayor Reeder immediate pro jects such tion plants and the about 2,500 land, involving approximating $150,000. would carried ward along planned by Mr. Curtiss. Subsequent developments under proval the Curtiss estate. the mayor said. would bring investments of nearly $500,000 into the state. Mayor Reeder. addition being Hialeah bank. treasurer the Curtiss Properties, Inc., issued the following formal statement policy regarding the program: the intention of the estate the plans Mr. Curtiss had mind for the development Florida and the sonnel the mantime lost interest in the of Florand those he depended upon for details management will attempt every complete the developments line with his plans and sires. The Curtiss in ida involved and Mr. Curtiss efforts the past months. enterprises will shortly under which will provide for large number of people. particularly the development Miami center. and accordance his expressed wishes, provision will be made by the estate earry his plans ment two fields