City National Bank & Trust Company

Bank Information

Episode Type: Run Only
Bank Type: national
Bank ID: 12868
Charter Number: 12868
Start Date: July 3, 1926
Location: Miami, Florida (25.774, -80.194)

Metadata

Model: gpt-5-mini
Short Digest: 25a3d798

Response Measures

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

Description

Article (dated 1926-07-03) describes a depositor run on the City National Bank & Trust Co. in Miami that subsided after officers announced sufficient funds and receipt of funds from Miami banks/clearing house. No suspension or closure is mentioned.

Events (1)

1. July 3, 1926 Run

Cause: Local Banks
Cause Details: Run precipitated after receipt of news (apparently about other banks) that caused embarrassment; officers said outside control and loans on paper were responsible and funds from Miami banks/clearing house met the demand.
Measures: Announced sufficient funds; received funds from Miami banks/clearing house; public statements by bank president reassuring depositors.
Newspaper Excerpt: The run subsided shortly after when officers announced funds sufficient to cover every ... Clark B. Davis, president of the City National Bank and Trust company declared, 'each of the banks today is operating entirely on its own capital...'
Source: newspapers

Newspaper Articles (1)

1. July 3, 1926 The Montgomery Advertiser Montgomery, AL

Article from The Montgomery Advertiser, July 3, 1926

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Article Text

Abe Martin Savs: was precipitated after receipt of news of the but was met through the receipt of funds from Miami banks The run subsided shortly after when officers announced funds sufficient to cover every dePresident George Romh, of the MI. ami Clearing House in on the of suburban declared that outside control and loans on paper solely were responsible for the embarrassment. "The banks of Miami today are in an impregnable Clark B. Davis, president of the City National Bank and Trust company declared, "each of the banks today Is operating entirely on its own capital, thing of which few banks in any part the country can boast. And although such a condition is inconceivable, if there was demand of depositors made upon these banks, we could pay every dollar of the liabilities faster than the depositors could carry it away.