Peoples National Bank - Pensacola, FL

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: b7c1432c

Response Measures

Accommodated withdrawals, Books examined

Description

News that the First National bank in Pensacola failed to open triggered runs on several local banks including Peoples National. The article reports the bank withstood the run (no suspension or closure) and ended the day with more cash due to heavy deposits.

Events (2)

1. January 29, 1908 Chartered

Source: historical_nic

2. January 8, 1914 Run

Cause: Local Banks
Cause Details: Run was triggered by news that the First National bank in Pensacola failed to open, which spread panic to other local banks.
Measures: Local businessmen made heavy deposits; bank closed the day with more money on hand than at opening.
Newspaper Excerpt: News of the failure of the First National bank here to open its doors today started a run which spread rapidly, 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 during the day.
Source: newspapers

Newspaper Articles (1)

1. January 9, 1914 The Birmingham Age-Herald Birmingham, AL

Article from The Birmingham Age-Herald, January 9, 1914

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Article Text

PENSACOLA BANKS WITHSTAND RUNS Heavy Deposits Offset Runs Resulting From National Bank Failure Pensacola, Fla., January 8.-News of the failure of the First National bank here to open its doors today started a run which spread rapidly, 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 during the day. 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 today, 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 bank. The books and assets of the bank are sealed, awaiting the arrival of bank examiners.