Bank of Hollywood - Hollywood, FL

Bank Information

Episode Type: Run Only
Bank Type: state
Start Date: March 10, 1920
Location: Hollywood, Florida (26.011, -80.149)

Metadata

Model: gpt-5-mini
Short Digest: ff7c7a4b

Response Measures

Accommodated withdrawals, Borrowed from banks or large institutions, Public signal of financial health

Description

Article describes a depositor run on the Bank of Hollywood precipitated by news of other bank closings; the run was met with funds from Miami banks and subsided the same day. No indication Bank of Hollywood suspended or closed permanently.

Events (1)

1. March 10, 1920 Run

Cause: Local Banks
Cause Details: Run was triggered by news of prior bank closings in the area that alarmed depositors.
Measures: Officers produced funds from Miami banks to cover deposits; armored truck brought funds; police dispatched to prevent disorder.
Newspaper Excerpt: The run on the Bank of Hollywood was precipitated after receipt of news of the previous bank closings, but was met through the receipt of funds from Miami banks. The run subsided shortly after noon when officers produced funds to cover every deposit.
Source: newspapers

Newspaper Articles (1)

1. July 3, 1926 The State Journal Frankfort, KY

Article from The State Journal, July 3, 1926

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Article Text

THREE BANKS from Page One, March, 1920. with capital of $15,000. On March 10. the bank announced capitalization of $30,000 and deposits totalling $1,605,977. R. Anthony headed the board of directors, with A. W. Sanders as president. The Bank of through President B. C. Teed, announced: "In the circumstances we feel advisable and desirable to suspend operations for the present. The bank is sound and in good shape. We have in excess of $200,000 in cash in our vaults and reserve greater than cent. do not think the depositper will lose dollar." He intimated his intention of effectIng an early re-organization. At the opening hour crowd await. entrance to the Little River Bank and within an hour the number had increased for making withdrawals. Two squadrons of police were dispatched to prevent disorder, and an armored truck bearing funds down town banks was sent. President Parker, of the of Dania, announced immediat after closing that readjustm would be made that would enable bank to and meet The run on the Bank of Hollywood was precipitated after receipt of news of the previous bank closings, but was met through the receipt of funds from Miami banks. The run subsided shortly after noon when officers duced funds to cover every deposit. President George Romfh. of the Miami Clearing House Association. in commenting on the suspension of three suburban banks, declared outside control and loans on solely were responsible for paper embarrassment.