American National Bank - Pensacola, FL

Bank Information

Episode Type: Run Only
Bank Type: national
Bank ID: 5603
Charter Number: 5603
Start Date: January 1, 1913*
Location: Pensacola, Florida (30.421, -87.217)

Metadata

Model: gpt-5-mini
Short Digest: dfc753f9

Response Measures

None

Receivership Details

Date receivership started: 1914-09-02
Date receivership terminated: 1914-11-30
OCC cause of failure: Run

Description

Article (dated 1914-12-14) states a run on the American National Bank occurred last year when the run happened the day after the First National Bank suspended. No suspension or closure of the American National is reported; this appears to be a run prompted by distress at a local bank. Date for the run is estimated as 1913 (article says last year).

Events (4)

1. October 22, 1900 Chartered

Source: historical_nic

2. January 1, 1913* Run

Cause: Local Banks
Cause Details: Depositors withdrew funds from American National Bank the day after the First National Bank in the locality suspended, triggering a run.
Newspaper Excerpt: He withdrew it last year when the run occurred the day after the First National bank suspended.
Source: newspapers

3. September 2, 1914 Receivership

Source: historical_nic

4. November 30, 1914 Restored To Solvency

Source: historical_nic

Newspaper Articles (1)

1. December 14, 1914 The Lakeland Evening Telegram Lakeland, FL

Article from The Lakeland Evening Telegram, December 14, 1914

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Article Text

DID 'T BELIEVE IN BANKS AND LOST HIS FORTUNE Pensacola, Dec. 14.-Ed Allen, a colored man who was afraid to trust his saving of years to a bank, lost the entire amount when his home, Seventh avenue and Seventeenth street, was burglarized Saturday night by parties who made a get_ away with $1,008. Allen had this sum on deposit in the American National bank and withdrew it last year when the run occurred the day after the First National bank sus_ pended. He hid the money in his house and thieves who evidently had knowledge of his hiding place secured the money while he and his family were away from home Satur_ day night. Allen reported his loss to the police department and two colored men who are suspected are being looked for by the police. Allen worked at DeSilva's mill for a number of years. He is the son of Dave Allen, janitor at the postoffice, and is an industrious and thrifty colored man. Naturally he very keenly feels the loss of the money which he had saved by years of hard work and strict economy.