2478. Bank of Ormond (Ormond Beach, FL)

Bank Information

Episode Type
Suspension → Closure
Bank Type
state
Start Date
July 25, 1929
Location
Ormond Beach, Florida (29.286, -81.056)

Metadata

Model
gpt-5-mini
Short Digest
8528a1e7

Response Measures

None

Description

Multiple contemporary wire reports (AP) state the Bank of Ormond failed to open its doors and was placed in the hands of the State Banking Department on July 25, 1929. Reports attribute the action to heavy withdrawals by out-of-town depositors and explicitly say there was no local run. No article reports a reopening; the bank was placed in receivership/suspension, so classified as suspension_closure.

Events (2)

1. July 25, 1929 Other
Newspaper Excerpt
Mayor Washburn... informed that every depositor will be paid dollar for dollar.
Source
newspapers
2. July 25, 1929 Suspension
Cause Details
Heavy withdrawals by out-of-town depositors caused the suspension of business; reports explicitly state there was no local run on the bank.
Newspaper Excerpt
The Bank of Ormond... failed to open its doors today and was placed in the hands of the state banking department by order of the board of directors.
Source
newspapers

Newspaper Articles (13)

Article from Merced Sun-Star, July 25, 1929

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Article Text

Bank at Rockefeller Winter Home Closes ORMOND BEACH. Fla., July 25. The Bank of Ormond, only bank in this winter home of John D. Rockefeller, failed to open its doors today and was placed in the hands of the state banking depart ment by order of the board of diIt was understood that heavy withdrawals by out of town depositors had caused the suspension of business. There was no local run on the bank it INHALATOR SAVES BABE The 114-hour fight of he inhalator squad of the fire department here to sustain the life of little 22-dayold Marie Valle today had been su pended as the infant carried on the task of supplying oxygen to her body by normal breathing.


Article from The Muskegon Chronicle, July 25, 1929

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Article Text

WINTER HOME OF JOHN D. SEES ITS BANK CLOSE Ormond Beach, Fla., July The bank of Ormond, bank in this of Rockefailed today feller. and was placed in the hands banking department by order the board understood that heavy withwas drawals out of town caused of was local run on the bank, There no said. Detroit-New York. Rain. Detroit postponed, rain and wet grounds,


Article from Reno Gazette-Journal, July 25, 1929

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Article Text

FLORIDA BANK CLOSES DOORS ORMOND BEACH, Fla., July (AP)-The Bank of Ormond; only bank in this winter home of John D. Rockefeller, failed to open its doors today and was placed in the hands of the state banking department by order of the board of directors. It was understood that heavy withdrawals by out-of-town depositors had caused the suspension of business. There was no local run on the bank, it was said


Article from News-Press, July 25, 1929

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Article Text

Ormond Bank Closes; Will Pay Depositors 100 Cents On Dollar BM The Associated Press) ORMOND BEACH. July 25 The Bank of Ormond, only bank in this winter home of John D. Rockefeller, failed to open today and was placed in the hands of the state banking department by order of the board Mayor I. T. Washburn in a statement said "After a long conference with the directors of the Bank of Ormond. this morning, am informed that every depositor will be paid dollar for dollar. It was understood that with. drawals by out of town depositors had caused suspension. There was no local run on the bank.


Article from The Oshkosh Northwestern, July 25, 1929

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Article Text

Ormond Beach. bank of Ormond, the only bank this winter home of John Rockefeller. failed open doors today and placed in the hands the state banking department by order the board directors. understood that heavy withdrawals out of town depositors had caused the of busiThere no local run on the DUE TO SUICIDE Lancaster, First bank and Trust company here was closed today following the suicide its president, Charles who shot himself late yesterday Albert Fant. state bank aminer. ordered the bank open for business today until member his staff had visited bank. order was given upon of news suicide. Friends the bank president ascribed health the cause his act.


Article from The Evening Sun, July 25, 1929

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Article Text

ORMOND BANK CLOSED BY HEAVY WITHDRAWALS ORMOND BEACH, FLA., JULY 25. bank of Ormond, only bank in this winter hole of John D. Rockefeller, failed to open its doors today and was placed in the hands of the state banking department, by order of the board of directors. It was understood that heavy withdrawals by out-of-town depositors had caused the suspension of business. There was no local run on the bank it was said.


Article from The Daily Sentinel, July 25, 1929

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Article Text

Out-Of-Town Run Closes Bank At Ormond, Florida (Associated Press Leased Wire Ormond Beach Fla. July 25 The bank of Ormond. only bank in this winter home of John D. Rockefeller. failed to open its doors today and was placed in the hands of the state banking de partment by order of the board of directors It was understood that heavy withdrawals by out of town depositors had caused the suspension of business There was no local run on the bank, it was said. Mrs. Virginia Hereford and her niece. Miss Ennis Hereford arrived in the city late last night by car for visit of a few days here with Mrs. Hereford's brother-inlaw. Attorney S. N. Wheeler. Mr. and Mrs. F. P. Friedman and their son, Clement, arrived in the city by car yesterday from their home in San Diego They will remain here for short time visiting with their old friends.


Article from The Bradenton Herald, July 25, 1929

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Article Text

Ormond Bank Fails To Resume Business ORMOND BEACH. July Bank of Ormond. bank winter home John Rockefeller. failed open today and was placed in the hands of the state banking by order of the board. partment Mayor Washburn in statement said: "After long conference with the directors the Bank of Ormond. this morning. informed that depositor will be paid dollar for understood that withdrawals out-of-town depositors had caused suspicion. There was no local run on the bank. The farmer may hatch his by electricity. raise them using electric light instead sunlight, and finally fry them the table by the of an electric range.


Article from Okmulgee Daily Democrat, July 25, 1929

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Article Text

FLORIDA BANK CLOSES DOORS ORMOND BEACH, Fla., July 25. Bank of Armond, only bank in this home John Rockefeller. failed to open its doors today and placed the hands of the state bank department by order of the board. of directors. understood that heavy withdrawals by depositors had caused suspension business. There local run bank, was said.


Article from The Guthrie Daily Leader, July 25, 1929

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Article Text

CLOSED Institution At Ormond Fails To Open Doors Withdrawals By Out Of Town Depositors Is Blamed Ormond Beach Fla. July Bank of only bank in this winter home of John Rockefeller failed to open its doors today and was placed in the hands of the state bank department by order of the board of directors It was understood that heavy withdrawals by out of town depositors had caused the suspension There was no local run on the bank. it was said


Article from Elmira Star-Gazette, July 26, 1929

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Article Text

Ormond Bank Fails to Open Ormond Beach, Fla., July 26 (AP) The Bank of Ormond, only bank in this Winter home of John D. Rockefeller, failed to open its doors Thursday and was placed in the hands of the State Banking Department by order of the board of directors. It was understood that heavy withdrawals by out of town depositors had caused the suspension of business. There was no local run on the bank, it was said. by all the preparation and equipment that one's opportunities have made possible. From every standpoint Daniel ought to be a great and inspiring study for the young.


Article from The South Bend Tribune, July 26, 1929

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Article Text

BANK IN FLORIDA SHUTS ITS DOORS ORMOND BEACH. Fla July 26 The Bank of Ormond. only bank in this winter home of John D. Rockefeller failed open its doors Thursday and placed in the hands of


Article from Blackwell Journal-Tribune, July 26, 1929

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Article Text

Two More Banks Added to Failures ORMAND BEACH. Fla., July 25-(P)- Bank of Ormond, only bank of this winter home of John D Rockefeller. failed to open its doors today and was placed in the hands of the state bank department by order of the board of directors. was understood that heavy withdrawals by out of town depositors had caused the suspension business. There was no local run on the bank. it was said.