Citizens & Peoples National Bank

Bank Information

Episode Type: Run Only
Bank Type: national
Bank ID: 9007
Charter Number: 9007
Start Date: January 8, 1914
Location: Pensacola, Florida (30.421, -87.217)

Metadata

Model: gpt-5-mini
Short Digest: 4f9c25a4

Response Measures

Accommodated withdrawals, Books examined

Description

Article (Jan 8, 1914) reports runs on Citizens' and Peoples' National Bank triggered by the First National Bank's failure to open. The bank withstood the run and remained open (ended day with more cash), so classified as run_only. Corrected bank name punctuation to include apostrophe.

Events (1)

1. January 8, 1914 Run

Cause: Local Banks
Cause Details: Run was triggered by news that the First National Bank of Pensacola failed to open, prompting depositors to withdraw from other local banks.
Measures: Local businessmen made heavy deposits; bank withstood withdrawals and closed the day with more cash on hand.
Newspaper Excerpt: Pensacola, Fla., January 8.-News of the failure of the First National Bank of Pensacola to open its doors this morning started runs on the American National and the Citizens' and Peoples' National Banks. Both institutions withstood the run, local business men, showing their faith in each by making heavy deposits
Source: newspapers

Newspaper Articles (1)

1. January 9, 1914 The Times Dispatch Richmond, VA

Article from The Times Dispatch, January 9, 1914

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Article Text

SHOW FAITH IN BANKS Pensneola Business Men Make Heavy Deposits When Run Is Started. Pensacola, Fla., January 8.-News of the failure of the First National Bank of Pensacola to open its doors this morning started runs on the American National and the Citizens' and Peoples' National Banks. Both institutions withstood the run, local business men, showing their faith in each by making heavy deposits Both banks closed the day's business with more money on hand than when they opened this morning. Officers of the First National Bank issued a statement to-Gay setting forth reasons for closing, charging their troubles to a Liverpool, England. firm that could not meet heavy drafts on them that had been honored by the local banks. The books and assets of the bank are. sealed, awaiting the arrival of bank examiners.