Third National Bank

Bank Information

Episode Type: Run Only
Bank Type: national
Bank ID: 12887
Charter Number: 12887
Start Date: February 8, 1928
Location: Miami, Florida (25.774, -80.194)

Metadata

Model: gpt-5-mini
Short Digest: 30d52106

Response Measures

Accommodated withdrawals

Other: Comptroller Amos intervened in some supervisory capacity (text is garbled).

Description

Article (1928-02-08) describes a run on Miami banks caused by mailed poison letters/rumors. Third National had heavy withdrawals that day but there is no mention of a suspension, closing, or receivership of Third National in the text. OCR errors in the article (garbled sentences) were corrected where obvious (e.g., references to poison notes and mailed letters).

Events (3)

1. February 18, 1926 Chartered

Source: historical_nic

2. February 8, 1928 Run

Cause: Rumor Or Misinformation
Cause Details: Mailed poison letters/notes urging depositors to withdraw funds; unfounded rumors circulated causing panic.
Random Run: Yes
Random Run Snippet: Mailed poison letters urged withdrawals; unfounded rumors circulated
Measures: Banks prepared to meet heavy withdrawals; increased cash on hand and officials (Comptroller and bank presidents) reassured public.
Newspaper Excerpt: POISON NOTES BRING RUN ON MIAMI BANKS ... Third National ... withdrawals for the day and the opinion prevalent that crisis had been passed
Source: newspapers

3. August 19, 1931 Voluntary Liquidation

Source: historical_nic

Newspaper Articles (1)

1. February 8, 1928 The Springfield Daily Republican Springfield, MA

Article from The Springfield Daily Republican, February 8, 1928

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Article Text

POISON NOTES BRING RUN ON MIAMI BANKS Miami, Fla., Feb. With cash coming in from the re. in district, Miami's major banking Institutions prepared last night meet possible rush that might develop as result of excite ment following the action of Ernest taking the affairs of three banks here today. Romfh, president of the First not closed but heavy run day expressed the ad ditional would not be needed, though may continue heavy for few days until pubconfidence is completely restored. Gilman, president the bank of Bay Biscayne. Miami's bank nu merous to unfounded rumors that excite ment, satisfied demand and hand and in transit sufficient continue to Clark Davis, president of the City National, the other member of Mia that had withdraw at his institution by $400,000 Third National and Morris Plan deposits for the day and the opinion prev alent that crisis had been passed Comptroller Amos took Bank and Trust company the E. had continued for several days. apparently prompted by circulation letters. Several these were mailed m., January according Mr Lummus, exhibited one "Quietly get your of Southern Band and money Trust company going HIfollowed by Masonic symbol. the source of these letters under way, but yet no dividual have been connected with There more people in tortured skini druggists. the United States now than 25 years but there are 22,000,000 fewer SYLPHO-DINE cattle, sheep and swine to promeat for them.