Florida National Bank - St Petersburg, FL

Bank Information

Episode Type: Run Only
Bank Type: national
Bank ID: 13498
Charter Number: 13498
Start Date: April 18, 1931
Location: St Petersburg, Florida (27.771, -82.679)

Metadata

Model: gpt-5-mini
Short Digest: cd168577

Response Measures

Accommodated withdrawals, Public signal of financial health, Books examined

Description

Article (Tampa Bay Times, 1931-04-18) reports heavy withdrawals from Florida National Bank after the sudden closing of the Central National Bank & Trust. Florida National remained open and officials paid out cash to nervous depositors. OCR errors in the clipping were corrected (e.g., 'St. Pe. tersburg' → St. Petersburg; garbled sentences about paying depositors). No suspension or receivership of Florida National is mentioned.

Events (2)

1. October 23, 1930 Chartered

Source: historical_nic

2. April 18, 1931 Run

Cause: Local Banks
Cause Details: Heavy withdrawals triggered by the sudden closing of the Central National Bank & Trust Company in St. Petersburg.
Measures: Bank prepared to pay depositors in full in cash and reassured public it would continue to meet withdrawals.
Newspaper Excerpt: There were withdrawals throughout the day from the Florida National Bank ... officials stated last night that no more than expected after the people had suffered the shock of bank closing.
Source: newspapers

Newspaper Articles (1)

1. April 18, 1931 Tampa Bay Times St. Petersburg, FL

Article from Tampa Bay Times, April 18, 1931

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Article Text

Bank Examiner BODY OF MAN Takes Over Closed IS FOUND ON Central National MAXIMO ROAD Heavy Withdrawals and Failure to Get Credit Blamed; Other Banks Meet Rush of Crowds With Cash G. HANCOCK, national bank examiner, arrived in St. Pe. tersburg Friday afternoon to take eharge of the affairs of the Central National Bank & Trust Company which closed its doors at m. after being open for business yesterday just one hour and five minutes. The national bank examiner will remain in charge until the Comptroller of Currency appoints receiver for the closed bank. A receiver will likely be speedily appointed as this is the enstom in closed national banks. Closing of the Central National* Bank Trust which without to the general public and warning without excitecaused to quickly front of the institution gather in and at the other banks. There were withdrawals throughout the day Florida National Bank and the Union Trust company but officials of both institutions stated last night that no more than expected after the people had fered the shock of bank closing. Others Offer To Pay D. president of the FlorNational said his bank prepared to off every depositor pay the dollar and that the 100 cents on bank will promptly continue to pay nervous depositors Nat B. Brophy that bank with cash convertible into He note files small in He said money against the Central National Bank and company issued statement shortly after the directors Heavy the coupled sudden credit could extended decision officials In the paid off all money from (Continued on Page Column 2)