First National Bank & Trust Company

Bank Information

Episode Type: Suspension → Reopening
Bank Type: national
Bank ID: 10069
Charter Number: 10069
Start Date: June 11, 1933
Location: Orlando, Florida (28.538, -81.379)

Metadata

Model: gpt-5-mini
Short Digest: 415806e8

Response Measures

None

Receivership Details

Depositor recovery rate: 30.0%
Date receivership started: 1934-02-27
Date receivership terminated: 1941-03-31
Share of assets assessed as good: 59.6%
Share of assets assessed as doubtful: 23.0%
Share of assets assessed as worthless: 17.4%

Description

June 11, 1933 article reports the First National Bank & Trust Company of Orlando 'has been closed days' and depositors organized a committee to reopen it. No explicit bank run or receivership is mentioned; article urges reopening efforts. Cause of the suspension is not specified in the text, so coded as 'other'.

Events (3)

1. August 22, 1911 Chartered

Source: historical_nic

2. June 11, 1933 Suspension

Cause Details: Article does not state a specific cause for the closure/suspension; simply notes the bank 'has been closed days' and depositors formed a committee to reopen it.
Newspaper Excerpt: the First National because we felt that charge of the bank should be given every opportunity to work out their own problems... this institution which has been closed days.
Source: newspapers

3. February 27, 1934 Receivership

Source: historical_nic

Newspaper Articles (1)

1. June 11, 1933 News-Press Fort Myers, FL

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Article Text

Bank Action Welcome The depositors committee, organized last night by people who have money in the First National Bank & Trust company, progressive step to in some form, re-open this institution which has been closed days. This newspaper has been silent on the local banking situation since the close of the First National because we felt that charge of the bank should be given every opportunity to work out their own problems. More than once have had the urge to prod the officers into some definite form of activity, but on each occasion have been assured by the bankers that erything possible was being done. However, there is limit to the patience of the people. There also is limit to that period of lethargy to business which the town can shoulder. We feel that the positors' interest and those of commercial Orlando should now considered above those of private individuals and that certed effort of the depositors, working harmony and cooperating with the officials should now be made to the reopen Sentinel. As we understand have to drink awful lot beer or just have be special Commercial. When better unusual fish stories are printed, the Fort Myers. will