2354. Bank of Homestead (Homestead, FL)

Bank Information

Episode Type
Run → Suspension → Closure
Bank Type
state
Start Date
June 11, 1930
Location
Homestead, Florida (25.467, -80.446)

Metadata

Model
gpt-5-mini
Short Digest
6a4b058d

Response Measures

Full suspension

Other: Liquidation and dividend payments handled by a state-appointed liquidator; bank reopened to distribute dividends under liquidation.

Description

The Bank of Homestead closed its doors on June 11, 1930 after opening briefly to avoid a local run prompted by the failure/closures of Miami banks. It suspended on 1930-06-11 and did not resume normal operations: by July a liquidator was approved and by August dividends were being disbursed under liquidation. Classified as run → suspension → closure (receivership/liquidation).

Events (4)
1. June 11, 1930 Run
Cause
Local Banks
Cause Details
Heavy withdrawals and failures of Miami banks (Bank of Bay Biscayne and affiliates) prompted nervousness and a local run risk.
Measures
Closed doors after opening briefly to avoid a local run; publicly announced suspension to protect depositors.
Newspaper Excerpt
the bank of Homestead closed its doors at 10 a. m. E. S. T today after opening for a short time...suspension of business was but temporary, taken for the purpose of avoiding a local bank run on account of bank failures today in Miami.
Source
newspapers
2. June 11, 1930 Suspension
Cause
Local Banks
Cause Details
Suspension declared to prevent/run off deposits stemming from heavy withdrawals caused by Miami bank failures and regional nervousness.
Newspaper Excerpt
The Bank of Homestead closed its doors today after opening for a short time...the bank was in good condition and that suspension of business was but temporary, taken for the purpose of avoiding local bank run on account of bank failures today in Miami.
Source
newspapers
3. July 10, 1930 Receivership
Newspaper Excerpt
Duncan approved liquidator for closed Bank of Homestead. (from Miami Herald, 1930-07-10) Preparations for liquidation and appointment of a liquidator are reported in July, indicating permanent closure and receivership/liquidation process had begun.
Source
newspapers
4. August 12, 1930 Other
Newspaper Excerpt
Approximately $24,000 in state comptroller's checks was waiting for Bank of Homestead depositors when the institution opened its doors yesterday. ... Exactly 60 days has elapsed since the bank suspended. ... The checks ... represent the first dividend of 35 per cent on deposits. ... E. P. Duncan, liquidator, aided by W. Dunwoody, former cashier, and H. Grady Smith assistant, ... Claims not filed in time to benefit by the first payment will be protected by and paid with the second dividend.
Source
newspapers

Newspaper Articles (15)
1. June 11, 1930 Washington Daily News Washington, NC
Article from Washington Daily News, June 11, 1930

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One of Miami, Fla., Leading Banks Was Closed Early Today MIAMI, Fla. June 11.-(AP)-The doors of the Bank of Bay Biscayne, one of the leading financia] institutions of the city, failed to open this morning. A sign on the door read: "Closed by.order of directors for the protection of depositors." The last quarterly statement of the and total resources of $17,132,292. HOMESTEAD, Fla., June -The bank of Homestead closed its doors at 10 a. m. E. S. T today after opening for a short time. Assistant Cashier H. Grady Smith said the bank was in good condition and that suspension of business was but temporary, taken for the purpost of avoiding a local bank run on ac count of bank failures today in Miami.

2. June 11, 1930 Messenger-Inquirer Owensboro, KY
Article from Messenger-Inquirer, June 11, 1930

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LARGE BANK IN MIAMI CLOSES Biscayne Institution Had Deposits of $15,000,000 Miami, June 11. Bank of Bay Biscayne, with deposits of and three affiliated financial institutions, failed to open for business today. statement by directors of the bank attributed the closing to "recent substantial with. banks were the BisTrust company, the Miami Beach Bank and Trust company, and the Bank of Coral Gables. The Bank of Bay Biscayne in its quarterly statement showed deposits of and total deposits Gilman is president of the bank. The Bank of Bay Biscayne Miami's oldest bank. It has one of the finest buildings in the city, structure erected in 1925. TEMPORARY CLOSING Homestead, June 11. The Bank of Homestead closed its doors today after opening for short time. An announcement was made by Assistant Cashier H. Grady Smith saying the bank was in good condition and that suspension of business was but taken for the purpose of avoiding local bank run account of bank fallures today in Miami. Smith said the bank expects to open in few days. NEW JERSEY BANK CLOSES Vineland, June Vineland Trust company was taken today by the state commissionof banking and insurance to vestigate its company not open for business today. The trust company, which organized about years ago, has capital $100,000 and Its totaled cording to statement as of March were $1,800,619.

3. June 11, 1930 St. Louis Post-Dispatch St. Louis, MO
Article from St. Louis Post-Dispatch, June 11, 1930

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HEAVY ON Bay of Biscayne, Oldest pository in City, Fails to Open Forcing Affiliated Group Shut. $2,000,000 IN CASH SENT BY AIRPLANE Reserve Governor More Is Being Totals Announced. By the Associated Press. MIAMI, Fla., June The Bank of Bay Biscayne, with deposits of $15,037,198. as of March 27 statement, and three affiliated depositoories, failed to open for business today. statement by directors of the bank attributed closing to "recent substantial The affiliated banks the Biscayne Trust the Miami Beach Bank Trust and the Bank of Coral Gables. The Bank of Bay Biscayne in its quarterly statement showed posits and total sources man is president of the bank. The Bank of Bay Biscayne is Miami's oldest bank. It has one of the finest buildings in the structure. Resources of Other Banks. The Biscayne Trust Co. had deposits and The Miami Beach Bank Trust Co. had deposits of 943 and resources of The Bank of Coral Gables, the third of the affiliated had deposits of and sources of Romfh, president of the First National Bank, said that left by plane today from the Federal depository He said the First National Bank and its has on hand to pay all depositors, if necessary. Depositors were orderly as they made during the morning from other banks of the and suburbs. from other banks here up to the closing time were made orderly fashion. Bank of. ficials and available funds not by Plane. E. president of the First National Bank, said Laurie Yonce, Jacksonville pilot, had landhere shortly after with in cash which he brought from the Federal depository in Hugh H. Gordon president the City Bank, said that approximately $350,000 had been withdrawn from his bank up m. and that the doors of the depository would be kept open as long depositors Romfh said 000 had been withdrawn from the First National Bank today. telegram signed by Black, governor of the Federal District in was postin the window of the Third National Bank which shid was route to Miami banks. 10,000 Depositors Affected. depositors in Miami, Miami Beach and Coral Gables were affected by the bank closings. President Gilman of the Bank of Bay Biscayne said: of the directors this after consultation with the State Comptroller, decided not open this bank and tions, the Biscayne Trust Co., Beach Bank Trust Co. and the Bank Coral order to protect all of our depositors to the fullest extent. decision was made after due consideration was due to substantial Arthur Saarinen, bank iner, charge the bank. The bank's include loans and discounts amounting to and securities and commercial and bonds valued at June The Bank of Homestead closed doors this morning today after opening short time. AssistCashier H. Grady Smith said the bank was in condition good and that of business suspension but temporary, avoid account of bank failures today Miami. He said the bank pects to open few days. Reserve Governor Is Being Sent Miami. June Black, of district the Bank, said today that being Continued on Column

4. June 11, 1930 The Atlanta Journal Atlanta, GA
Article from The Atlanta Journal, June 11, 1930

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BISCAYNE BANK, OLDEST IN MIAMI, CLOSES ITS DOORS Statement of President Blames Heavy Withdrawals for Action MIAMI, Fla., June 11.-(P)-The Bank of Bay Biscayne, with deposits of $15,037,198 as of the March 27 statement, and three affiliated financial institutions. failed to open for business Wednesday statement by directors of the bank attributed the closing to "recent subwithdrawals. The affiliated banks were the Biscayne Trust Company, the Miami Beach Bank & Trust Company, and the Bank of Coral Gables. The Bank of Bay Biscayne in its last quarterly statement showed deposits of $15,037,198 and total resources of Gilman, president of the bank said today: meeting of the directors Wednesday morning after consultation with the state comptroller, it was decided to open this bank and its affiliated institutions the Biscayne Trust Company, Miami Beach Bank & Trust Company, and the bank of Coral Gables, in order to protect all of our depositors to the fullest extent. "This decision was made after due consideration and was due to recent substantial withdrawals. Arthur W. Saarinen, bank examcharge of institution. The Bank Bay Biscayne was Miami's oldest bank. It had one of the finest buildings in the city, $400,000 structure erected in 1925 and now carried in its books at a valuation of $390,000. Among its resources are loans and discounts amounting to $7,478 458; and commervalued at cial paper and bonds $5 The Biscayne Trust Company had $1,520,041 deposits resources. The Miami Beach Bank and Trust Company had deposits of 349,943 and resources of $2,539,281. The Bank of Coral Gables, the third of the institutions had deposits of $606,598 and of $743,759 C. Romfh, president of the First National Bank, said that $2,000,000 left Jacksonville by airplane at 9:30 m. from the Federal Reserve pository there. He said the First National Bank and its subsidiaries had money on hand to pay all depositors, if necessary. Depositors orderly as they withdrawals during the morning from other banks of the city suburbs. The Bank of Bay Biscayne was older than the city Miami It was established May 1896 days after the first train ran to the community that on July 28, 1896, was incorporated as the city of Miami. statement from C. Penney. chairman of the board of directors of National Bank, said sufficient funds were on hand to meet demands of all depositors in that institution Homestead Bank Suspends The bank of Homestead closed its doors at 10 m. Wednesday after opening for short time. Official announcement was made by Assistant Cashier H. Grady Smith that the bank is in good condition and suspension of business is but temporary taken for the purpose avoiding a local bank on account of bank closings Miami. Smith said the bank expects to open few days. Southern Textile Stocks Quotations M. Spartanburg Per Bid. Abbeville Cotton Cotton Mills Arcadia Mills pfd Augusta Factory Beaumont Mfg Belton pfd Mfg Corporation B Corporation pfd Co (Pa Mills Chesnee Co Mfg Darlington Co Drayton pfd Enterprise Mfg Co pfd Gainesville Cotton M Ga Gossett Greenwood 400 (Par Hartsville 130 88 92 Cotton Mills Mills Lancaster Cotton Serial Marion Mfg Mill pfd Musgrove Mills Cotton Mills. Cotton Pacolet 100 Cot $60) Mills Mfg Piedmont Piedmont Riverside (par 15 Riverside River Mills pfd Sibley Bleach Franklin Franklin pfd Worsted Corp pfd Spartan Mills Notes 100 pfd Wallace Sales. High Close P Westph Yokohama same year same years ago, $1,558,643,000.

5. June 12, 1930 The Owensboro Messenger Owensboro, KY
Article from The Owensboro Messenger, June 12, 1930

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FLORIDA BANKS CLOSE THE DOORS Miami's Oldest, With 3 Affiliated Concerns Fail To Open. Miami, Fla., June 11. (P)-The Bank of Bay Biscayne, with deposits of $15,037,198, and three affiliated financial institutions, failed to open for business today. A statement by directors of the bank attributed the closing to "recent substantial with. drawals." The affiliated banks were the Biscayne Trust company, the Miami Beach Bank and Trust company, and the Bank of Coral Gables. The Bank of Bay Biscayne in its quarterly statement showed deposits of $15,037,198 and total deposits $17,182,292. J. H. Gilman is president of the bank. The Bank of Bay Biscayne is Miami's oldest bank. It has one of the finest buildings in the city, a $400,000 structure erected in 1925. TEMPORARY CLOSING Homestead, Fla., June 11. (P)The Bank of Homestead closed its doors today after opening for a short time. An announcement was made by Assistant Cashier H. Grady Smith saying the bank was in good condition and that suspension of business was but temporary, taken for the purpose of avoiding local bank run on account of bank failures today in Miami. Smith said the bank expects to open in a few days. NEW JERSEY BANK CLOSES Vineland, N. J., June 11. (P)-The Vineland Trust company was taken over today by the state commissioner of banking and insurance to investigate its condition. The company did not open for business today. The trust company, which was organized about 25 years ago, has a capital of $100,000 and a surplus of $100,000. Its total deposits, according to statement as of March 27, were $1,800,619.

6. June 12, 1930 The Brooklyn Daily Times Brooklyn, NY
Article from The Brooklyn Daily Times, June 12, 1930

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5 FLORIDA BANKS TO PAY DEPOSITORS $2,000,000 Arriving by Plane Allays Uneasiness. Miami, Fla., June 12.-The arrival of $2,000,000 in cash by airplane and several reassuring statements by State banking officers helped today to allay the uneasiness of depositors who had funds in five banks which closed here yesterday. One of the banking officials insisted the situation was not acute, and declared that the conditions which led to the closures would have adjusted themselves if there had not been unfavorable "talk," some of it by bankers themselves. The banks which closed were the Bank of Bay Biscayne, with resources of 182,292: the Biscayne Trust Company, with 1,962,148: the Miami Beach Bank and Trust Company, with $2,593,281: the Bank of Coral Gables, with $743.759. and the the Bank of Homestead. Local bankers said they were confident normalcy would be restored promptly when the public understood the cause of the heavy run made on the institutions. They had the assurance of additional aid from the Federal Reserve if it were needed, they said.

7. June 12, 1930 Chattanooga Daily Times Chattanooga, TN
Article from Chattanooga Daily Times, June 12, 1930

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FIVE BANKS CLOSE DOORS IN FLORIDA Four in Miami, One in Homea stead Unable to Meet 'Runs.' Bank of Bay Biscayne Announces Deposits of $15,Helps. MIAMI, Fla., June 11 (A).-The Bank of Bay Biscayne, oldest financial institution of South Florida, and three subsidiaries in metropolitan Miami failed to open for business today. The subsidiaries are the Miami Beach Bank and Trust company, the Bank of Coral Gables and the Biscayne Trust company. Notices posted on the doors of the institutions said the action had been taken by directors "for protection of depositors" and because of "recent substantial withdrawals. fifth banking house, the Bank of Homestead, closed after being open an hour, with the statement that it would reopen in few days. Homestead is thirty miles south of Miami. The Bank of Bay Biscayne listed total resources of and deposits of as of March 27, 1930, in its late quarterly report. President James H. Gilman declined to give later figures as to the bank's condition or of the amount of recent withdrawals Capital stock was listed as $1,000,000 and surplus and profits at In issued by the subsidiaries at the same time, the Biscayne Trust was listed as having $1,520,041 and resources. The Miami Bank and Trust $2,349,943 deposits and $2,539,281 resources. The Bank of Coral Gables listed deposits of $606,598 and resources of Heavy withdrawals were reported by other banks of the city, but the arrival of $2,000,000 in cash by from Jacksonville of the Federal Reserve bank this and the announcement by Gov. E. R. Black, the Federal bank in Atlanta, that total of $6,000,000 in cash was en route here was expected by banks to allay fears of depositors before tomorrow. President E. C. Romfh, of the First National bank, said his institution had paid out $500,000 to large number of depositors today and that sufficient cash was available to meet all demands. The First National closed at its regular 2 o'clock hour. The City National bank remained open after its regular closing hour to give withdraw their money if they chose President Hugh Gordon, Jr., said withdrawals had been approximately $350,000 and that funds were available for all depositors seeking them. Other banks reported heavy withdrawals. It was estimated that between 8,000 and 10,000 affected by the closing of the Miami area banks. L. Chandler, chairman of the board of directors of the Homestead bank, said the institution had been closed in order to prevent a run. and damage estimated at nearly $1,000,000 was caused by a fire which raged for several hours before being brought under control tonight at the plant of the company oil refinery, just outside the city limits here. All of the injured were employes of the refinery. Leonard Hatch, the most severely burned of the twelve, was in critical condition. W. K. Holmes, superintendent of the plant, estimated the damage would be "slightly more than 1,000,000. The fire started late today with an explosion from an undetermined one of the treating units, quickly followed by lesser blasts in five other units. The treating units, known agitators, the handle the oil in one step of refining process. At the first blast pieces of metal and sheets of flaming oil were thrown for hundreds of yards, setting conflagration which within short time was consuming all of the refining equipment within an area about the size of a city block.

8. June 12, 1930 The Herald Statesman Yonkers, NY
Article from The Herald Statesman, June 12, 1930

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CASH BY AIRPLANE TO STRENGTHEN BANK Miami. Fla. June 12 (UP).-The arrival of $2,000,000 in cash by airplane and several reassuring statements by State banking officers helped today to allay the uneasiness of depositors who had funds in five banks which closed here yesterday. One of the banking officials insisted the not acute, and declared the conditions which led to the closures would have adjusted themselves if there had not been unfavorable "talk," some of it by bankers The banks which closed were the bank Bay Biscayne with of $17,182,292 the Biscayne Trust Company $1,962,148; the Miami Beach Bank and Trust Company. with $2,593,281 the Bank of Coral Gables, with $743,759. and the Bank of Homestead Local bankers said they were confident normalcy would be restored promptly when the public understood the cause of the heavy run made on the institutions. They had the assurance of aid from the Federal Reserve if it were needthey said. ESKIMO DENTIST DEAD Ottawa, Ont., June 12 "Siberian Mike. Eskimo dentist, is dead. Mike. celebrated throughout the Far North for pulling molars. died recently in the Perry River region. according to word here In 1922 the Bay Company sent dentist to Herschel Island to look after the toothaches of its employes. Mike was employed as dental mechanic. When the dentist left the Eskimo kept much of the dental equipment Since that time he has carried on an itinerant practice in the Arctic. Mike spoke several languages, including Russian and English. COSTLY LESSON Buffalo, N. Y., June 12 Fred Denz. 69. met two in park seeking an honest man to help them distribute $23,000 to the poor Denz agreed to undertake the responsibility and produced $1,100 of his own money to prove his capacity for project of this magnitude One of the philanthropic strangers took his $1,100. slipped into wallet with the $23,000. patted Denz on the back and wished him luck. Upon opening the pocketbook Denz found two one dollar bills. He said he had never heard of the game

9. June 12, 1930 The Long Beach Sun Long Beach, CA
Article from The Long Beach Sun, June 12, 1930

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Cash Rushed by Plane to Stop Run on Miami Banks MIAMI, Fla., June 11 (U.R)-Nervousness among depositors in five local banks late today with the arrival $2,000,000 in cash by airplane from Jacksonville, and optimistic reports from city and state banking officials. Failure to open for business day by the city's and oldest financial and three branches sent scurrying for information and their money, caused another bank to shut down avoid stopped abruptly padlock hearing on residence Alphonse Capone, scarface Chicago gang leader. Withdrawals Heavy Bank Biscayne, with its affillated Biscayne Trust Bank Coral Gables and Miami Beach Bank Trust company, stood closed behind notice officials that action followed consultation with state comptrollers, heavy withdrawals recently, and reported "frozen assets." The Bank Homestead shut down early with the expressed purpose avoiding The Biscayne bank, capitalized $1,000,000, holds $15,000,000 in deposits. State banking officials at Tallahassee blamed bearish "talk around the state" and frozen assets for failure the Biscayne bank, and added the same immovable assets had caused failure of five banks in St. Petersburg recentlyAmerican Bank Trust, the Ninth Street Bank Trust, Fidelity, First National $1,500,000. total capital stock of Boom Collapse Blamed They explained that possible loss (Continued on Page

10. June 12, 1930 The Bellingham Herald Bellingham, WA
Article from The Bellingham Herald, June 12, 1930

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MONEY FLOWS IN FIRE LOSS IS HEAVY REGISTERED QUAKE Refineries of Texas Oil Company Are In Flames PORT ARTHUR. Tex., June 12.the refineries the Texas Company near here billows of sending flame and feet of the air and taking toll of life property. Starting undeterminer origin the plant, fire destroyed refining unit and vastated an eight blocks square Damage estimated at between $3,000,000. Hatch, died in hospital here today from burns when tanks of and exploded in the terrific heat. Eleven other were burned when flaming oil and for pitals. Another slight bruises. Physicians all the injured The fire started in of the one treating units, where, oil treated by chemicals, spread quickly to nearby structures. Employes were unable escape before the three tanks exploded. As uninjured employes clothing of the fire spread to the huge The oil-soaked ground and buildings caught fire easily, and the blaze spread 80 fast that feremen could not cope 200 feet away from the Employes and officials alike labored construct fire breaks keep the flames from spreading. was thought they had fire to the unit in which Damage to the refinery was mated K. Holmes, plant superintendent. An engineer the company that the loss might mount as high as before the The pumphouse, fertilizer plant, three tanks of oil and gasoline and six batteries of treating units were destroyed. Disturbance Believed Not Far From Puget Sound hour duration, which at 1:51 and was 'not far was described today seismoregistered graphs at the University of Washington. THREE SHOCKS REGISTERED earthquake were registered the St. Louis university today on Father Joseph Joliet The disturbances about miles distant. first 1,140 few The second. lasted 45 minutes third short. All the were of medium intensity. Rush On Southern Florida Banks Believed at End MIAMI. Fla., June arrival $2,000,000 in cash The airplane and several reassuring state banking offistatements by cers helped allay the of depositors funds in which yesterday. In addition the plane ship$4,000,000 was expected by rail today to aid in restoring confidence. One the banking officials inthe situation not that conditions which closures would have adjusted themselves there had not unfavorable "talk," bankers The closed were the Bank Biscayne, with resources of the Biscayne Trust Company, with and Miami Beach Bank and Bank Coral Gables, with and the Bank of Homestead. Local bankers said they were confident be stored the public the the heavy made the institutions. They the assurance of additional aid from the federal reserve if it were needed, they said. FAIL TO OPEN Fla., June small financial instituthe Bank of Clearwater Guaranty Title Trust failed today. Notices pany. stated the had been asked to take charge to protect depositors.

11. June 12, 1930 The Belleville News-Democrat Belleville, IL
Article from The Belleville News-Democrat, June 12, 1930

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in Florida Banks Being Regained Miami, June arrival of $2,000,000 in cash by plane and several reassuring statements by state banking offiiers helped today to allay the uneasiness of depositors who had funds in five banks which closed here yesterday One the banking officials sisted the situation was not acute, and declared that the conditions which led to the closures would have adjusted themselves there had not been unfavorable "talk," some of bankers themselves. The banks which closed were the Bank of Bay Biscayne, with sources of $17,182,292; the Biscayne Trust Company, with the Miami Beach Bank and Trust Company, with $2,593,281; the Bank of Coral Gables, with and the Bank of Homestead. The bankers said they were confident normalcy would be restored promptly when the public understood the cause of the heavy made on the institutions. They had the assurance of additional aid from the Federal Reserve if it were needthey said.

12. June 12, 1930 The Knoxville News-Sentinel Knoxville, TN
Article from The Knoxville News-Sentinel, June 12, 1930

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MIAMI RECEIVES MONEY BY PLANE $2,000,000 Rushed to City Where Five Banks Closed. By United Press MIAMI, Fla.-The arrival of $2,000,000 in cash by airplane and several reassuring statements by state banking officers helped today to allay the uneasiness of depositors who had funds +n five banks which closed yesterday. One of the banking officials insisted the situation was not acute, and declares the conditions which led to closures would have adjusted themselves if there had not been unfavorable "talk," some of it by bankers themselves. It was said today that an additional $4,000,000 was being rushed Into the Miami district by mail. It will arrive this afterThe banks which closed were the Bank of Bay Biscayne, with resources of $17,182,292; the Biscayne Trust Co., with $1,962,148; the Miami Beach Bank & Trust Co., with $2,593,281; the Bank of Coral Gables, with $743,759, and the Bank of Homestead. Local bankers said they were confident normality would be restored promptly when the public understood the cause of the heavy run made on the institutions. They had the assurance of additional aid from the Federal Reserve if it were needed, they said. CLEARWATER BANK FAILS By United Press Bank of Clearwater, capitalized at $250,000 and the Guaranty Title and Trust Company, smaller institution, also of Clearwater, went into the hands of the state banking department today and closed their doors.

13. June 12, 1930 Berwick Enterprise Berwick, PA
Article from Berwick Enterprise, June 12, 1930

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RIGHT OFF THE WIRE. Sticks To Oxen Calicoon, June general beasts burin this section was disearded years Jacob Dreher. farmer Beechwoods, still prefers them to horses. he they are Electricity In Japan Tokyo, June by electricity has strong hold on Japcountry many economic conditions have been unchanged for hundreds years. conductby the government shows electric light bulbs the of 1929. Tokyo led the of users, with 105 bulbs per 100 Treasury Balance. Washington, June The treasJune Customs receipts for the month that date totaled expenditures Attempted Jail Break. June tempted break county jail here when Martin bor, made attempts escape from prisons various of the was prehended Warden Tablor from the county jail August, 1925, by gling through window five three fourths inches He had brought year term for burglary term years for mail robbery the McNeil Island federal penitenWashington. had been watching for weeks after finding cell. placed itary confinement today. Banks Close Doors. Miami, June The Bank Clearwater, Guaranty Title and $250,000 and the Trust Company, smaller Clearwater, closed their doors also today, bringing twelve the number recent bank closures Florida. Clearwater the Florida coast, Tampa. banks closed yesteday the Bank of Bay Biscayne, of the Biscayne the Trust Beach and Trust Miami the Bank pany, and the Coral Gables, with Homestead. bankers said when the public promptly heavy run made the the They had the institution. from the fedadditional needed. they reserve Voluntary Bankruptcy. June 12(LP)Mount Rock trading the Knepp. Ideal Block blocks, filed ufacturers cement bankruptcy voluntary petition here listing Federal Court and bilities estate valued Real Knepp agreed in the assets, surrender proppetition benefit of his for the Commitee Wants Papers. June Foreign Relations today by vote adopted right resolution asserting Naval Conference London been refused the which committee President Hoover. Chairman Borah the the committee to Mr. Hover and Secretary Stimson through whom State former's refusal produce the papers known the committee. resolution will be presented the Senate for action expression opinion. Lingle Buried. Chicago, June Lingle, by men he had followed for police was years buried with military honors today while civil authorities sent expert out end, with bullets, the gang which have claimed lives. The funeral procession through Garfield Park the West Side from the bureau that the hoodlum roundup of the last hours had behind jail

14. July 10, 1930 The Miami Herald Miami, FL
Article from The Miami Herald, July 10, 1930

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Liquor raid netted $250,000 cargo, yacht and motor trucks. Republican Chairman Huston will post meeting today. Page New Orleans fireman plunged stories pavement and picked alive. Page Soaring temperatures increased Page Glenn Curtiss, pioneer aviator, excused board of physicians from testifying patents right trial because of illness. Page Racketeering charges in Lingle murder run against blank wall. Page Debate secret notes pact delay naval treaty senate. Page Overthrow labor government in England blocked by Liberal party's votes. Page City. French air mail pilot forced down in ocean off South America rescued. Page One killed. several wounded dian rioting. Page Two additional bands have been obtained for Miami's anniversary celebration. Page Passenger list of steamer Berkshire shows increased summer traffic. Page Mother of Miami Beach pier dead. Page Woman's arm broken in motor accident. Page park* department valued City plants Page 14. Report Kiwanis convention which Miami for next year's meeting made. Page Duncan approved liquidator for closed Bank of stead. Page Woman reported purse containing clippings of murder snatched by bandit. County called meeting to consider publicity needs. Page Airport Activities. Brisbane's Comics. Crossword Puzzle. Docks and Decks. Editorials. Men's Calendar. Page Page Page 10. Page Page Page Page Pages and Page 14. Radio Programs. Society Sports. Theaters.

15. August 12, 1930 The Miami News Miami, FL
Article from The Miami News, August 12, 1930

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BANK DISBURSES FIRST DIVIDEND OF 35 PER CENT $24,000 in Comptroller's Checks Distributed in Homestead REDLAND DISTRICT BUREAU Approximately $24,000 in state comptroller's checks was waiting for Bank of Homestead depositors when the institution opened its doors yesterday. The checks. signed by Ernest Amos and payable the First National of Miami, represent the first dividend of 35 per cent on deposits. Public funds. secured by government bonds, etc. have been taken of already by sale of the collateral. Throughout the day steady stream of claimants lent the appearance of on the bank to anyone not ae quainted with the situation. All expressed much satisfaction at the speedy and efficient manner in which the dividend has been prepared by E. P. Duncan. liquidator, aided by W. Dunwoody. former cashier. and H Grady Smith assistant. Exactly 60 days has elapsed since the bank sus pended. According to Mr. Smith. who is in charge the of Cashier in advance with the City National for its armored truck to carry larger supply of than and num ber of depositors took this by cashing their drafts at the on wheels" when it reached here today. Claims not filed in time to benefit by the first payment will be protected by and paid with the second dividend. which should available within 60 days. as liquidation of and loan collections are progressing rapidly.