Bank of Panama City - Panama City, FL

Bank Information

Episode Type: Suspension → Closure
Bank Type: state
Start Date: July 5, 1915
Location: Panama City, Florida (30.159, -85.660)

Metadata

Model: gpt-5-mini
Short Digest: 11518465

Response Measures

None

Description

July 1915 article denies a suspension and attributes circulating reports to rumors after a nearby bank failure and a suicide. By November 28, 1915 a receiver (D. L. Green) is advertising sale of the bank's lots, building, furniture and fixtures, indicating the bank was placed in receivership and closed permanently. The sources do not describe a depositor run; sequence is best classified as a suspension/closure with receivership.

Events (3)

1. July 5, 1915 Other

Newspaper Excerpt: Owing to the failure of the Lynn Haven bank and the suicide of Mr. Brown the report became circulated in the Bay country that the Panama City bank had suspended. This is not true. The bank is in good condition and will be open tomorrow morning for the transaction of business as usual.
Source: newspapers

2. November 28, 1915 Receivership

Newspaper Excerpt: I will receive sealed bids ... for the purchase of the lots, bank building, furniture and fixtures of the Bank of Panama City ... D. L. Green. receiver, Bank Panama City
Source: newspapers

3. November 28, 1915 Suspension

Cause: Government Action
Cause Details: Bank placed in receivership; receiver advertising sale of bank property.
Newspaper Excerpt: NOTICE-Take notice that I will receive sealed bids until twelve o'clock M., December-fifteenth, nineteen hundred fifteen, for the purchase of the lots, bank building, furniture and fixtures of the Bank of Panama City, at Panama City, Florida. ... D. L. Green. Reto dec10 ceiver, Bank Panama City.
Source: newspapers

Newspaper Articles (2)

1. July 6, 1915 The Pensacola Journal Pensacola, FL

Article from The Pensacola Journal, July 6, 1915

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Article Text

BANK OF PANAMA CITY IS REPORTED IN GOOD CONDITION. Panama City, July 5.-There is no connection between the suicide of Edward H. Brown and the financial status of the Bank of Panama City. Owing to the failure of the Lynn Haven bank and the suicide of Mr. Brown the report became circulated in the Bay country that the Panama City bank had suspended. This is not true. The bank is in good condition and will be open tomorrow morning for the transaction of business as usnal.

2. November 28, 1915 The Pensacola Journal Pensacola, FL

Article from The Pensacola Journal, November 28, 1915

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Article Text

NOTICE-Take notice that I will receive sealed bids until twelve o'clock M., December- fifteenth, hineteen hundred fifteen. for the purchase of the lots, bank building, furniture and fixtures of the Bank of Panama City, at Panama City, Florida. I reserve the right to reject any or all bids. D. L. Green. Reto dec10 ceiver, Bank Panama City.