2568. Citizens Nebraska Avenue Bank (Tampa, FL)

Bank Information

Episode Type
Suspension → Closure
Bank Type
state
Start Date
July 17, 1929
Location
Tampa, Florida (27.948, -82.458)

Metadata

Model
gpt-5-mini
Short Digest
59bbe56b

Response Measures

None

Description

Multiple contemporaneous articles (dated July 17, 1929) report the Citizens Bank & Trust Co. and nine subsidiary institutions, including the Citizens Nebraska Avenue Bank, failed to open their doors and were placed in the hands of a state bank examiner. The articles treat these as bank failures (not merely temporary runs). Although directors blamed unwise gossip and the Mediterranean fruit fly for depositor unrest, the Citizens Nebraska Avenue Bank itself is described as taken into the custody of state banking authorities, indicating suspension/closure by government action and counted among failures.

Events (1)

1. July 17, 1929 Suspension
Cause
Government Action
Cause Details
State bank examiner/State banking department took the institution into custody; failed to open July 17, 1929; treated as one of the banks that closed their doors and were counted among failures in the state reports.
Newspaper Excerpt
the Citizens' Nebraska Avenue bank ... failed to open their doors today. Notices posted at the Citizens bank by a state bank examiner said the institution was in his hands.
Source
newspapers

Newspaper Articles (9)

Article from The Austin Daily Herald, July 17, 1929

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BANK AND NINE BRANCHES CLOSE Florida Fruit Fly Blamed; Depositors May Not Lose Money Tampa, Fla., July 17 (/P)-Fourteen state banks in southwest Florida closed their doors today, bringing to twenty-three the number of financial institutions to fail within the state in the past two weeks. Tampa, Fla., July 17 (AP)-The Citizens Bank and Trust Company, a state institution, and nine subsidiary banking institutions failed to open their doors today. Besides-the Citizens four of the depositories were in Tampa. Notices posted at the Citizens bank by a state bank examiner said the institution was in his hands. The branches affected were: Run On One Bank The Bank of Ybor City on which a run was made Monday. The Lafayette Bank; Citizens Nebraska Avenue Bank; Franklin Bank and the bank of Plant City; Bradenton Bank and Trust Company; First Bank and Trust Company, of Sarasota; First State Bank of Fort Meade, and the Bank of Pasco county at Dade City, The board of directors of the Citizens Bank and Trust, at a meeting early today issued a statement explaining conditions as due to "unwise gossip and continued adverse conditions following the appearance of the Mediterranean fruit fly which was responsible for a*feeling of unrest and fear developed on the part of the Predict Full Payment The directors predicted all depositors would be paid in full and that the depositories would go out of bustness. Among the larger branches were the Citizens Bank and Trust with paid in capital of $1,000,000 and deposits in excess of $3,000,000. and the bank of Ybor City, paid in capital of $200,000 and deposits of $2,679,237.69


Article from New Britain Herald, July 17, 1929

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Five of Institutions in TampaFruit Fly and Apathy Blamed by Officials BRINGS LIST OF FAILURES IN PAST 2 WEEKS TO 18 Board Issues Statement Saying "Unwise Gossip" and Insect Cause of Difficulty-State Comptroller Says Unnecessary Withdrawals and Propaganda Contributing Causes. Along With Mental Attitude. Tampa, Florida, July 17 (AP)-The Citizens Bank & Trust Company, a state institution and nine other subsidiary banking institutions, failed to open their doors today. Besides the Citizens, four of the depositors were in Tampa. Notices posted at the Citizens bank by a state bank examiner said the institution was in his hands. The branches affected were: The Bank of Ybor City, on which a run was made Monday, the Lafayette bank the Citizens' Nebraska Avenue bank, Franklin Bank and the Bank of Plant City, Bradentown Bank and Trust company, First Bank and Trust Company of Sarasota, First State Bank of Fort Meade, and the Bank of Pasco County at Dade City. Examiner at Institution E. P. Jackson, state examiner, has been here since Monday checking up on conditions. Captain R. A. Gray, assistant to the state comptroller, was expected from Tallahassee at noon to take charge. The board of directors of the Citizens' Bank & Trust, at a meeting today. issued a written statement explaining conditions as due to "unwise gossip and continued adverse conditions following the appearance of the Mediterranean fruit fly which was responsible for a feeling of unrest and fear, developed on the part of the people." Hope to Pay Depositors The directors predicted that all depositors would be paid in full and that the depositories would go out of business. Paid in capital of the Citizens' Bank and Trust was given as $1.000.000 in the published statement of the bank as of June 29 last and deposits as in excess of $3,000,000. John T. Bize is cashier: L. A. Bize, chairman of the board and D. L. Aney is president. Paid in capital of the Citizens' Nebraska avenue was $50,000 with deposits of $182,650.88, according to published statements, The Lafayette Bank had paid in capital of $150,000 with deposits of $457,222.65; the Bank of Ybor City paid in capital was $200,000 and deposits of $2,679,237.69 and the Franklin bank's paid in capital was $50,000 with deposits of $322,986.87. according to statements of conditions of June 29. Figures for other branches involved were not available immediately.


Article from Brownsville Herald, July 17, 1929

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tion The branches affected were: The Bank of Ybor City on which a run was made Monday, The Lafayette bank; Citizens' Nebraska Avenue bank: Franklin bank and the Bank of Plant City: Bradentown Bank and Trust company, First Bank and Trust company of Sarasota; First State bank of Fort Meade and the Bank of Pasco county at Dade City. E. P. Jackson, state examiner, has been here since Monday checking up conditions. The board of directors of the Citizens Bank and Trust, at a meeting today issued a statement explaining conditions as due to "unwise gossip and continued adverse conditions following the appearance of the Mediterranean ily which was responsible for a feeling of unrest and fear developed on the part QE the people."


Article from Evening Star, July 17, 1929

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14 SOUTH FLORIDA BANKS ARE CLOSED Total Failures in Past Two Weeks Reaches 22, With Collapse of Chain. By the Associated Press. TAMPA, Fla., July 17.-Fourteen State banks in Southwest Florida closed their doors today, bringing to 23 the number of financial institutions to fail within the State in the past two weeks. Following the closing of the Citizens' Bank & Trust Co. of Tampa and nine subsidiary institutions here and in nearby counties today, it was learned that five other banks in this territory also had failed. Total deposits in the Tampa banks involved was $17,347,968.15, of which the Citizens' Bank & Trust held $13;695.870.78. Total assets of the Tampa banks were $22,927,003.36. The institutions placed in the hands of the State banking department today were: The Citizens" Bank & Trust Co., Tampa Franklin Bank, Tampa. The Lafayette Bank, Tampa. American State Bank, Tampa. The Citizens' Nebraska Avenue Bank, Tampa. The Bank of Ybor City, at Ybor City, on which there was a run Monday. The Bank of Plant City, Plant City. The Bradenton Bank & Trust Co., Bradenton. The First Bank & Trust Co., Sarasota. First State Bank of Fort Meade. The Bank of Pasco County, Dade City. First Bank of Port Tampa City. Bank of Mulberry, at Mulberry. Ellenton State Bank, Ellenton. Other institutions which have closed their doors within the past two weeks are: Peoples State Bank, Jacksonville. Volusia County Bank & Trust Co., Deland. First National Bank, Deland. Colonial Bank & Trust Co., Miami. Merchants' Bank & Trust Co., Daytona Beach. Atlantic Bank & Trust Co., Daytona Beach. First National Bank, Sanford. Merchants' Bank, Melbourne. Capital and surplus of the 15 institutions that closed today, according to figures released by the State banking department, totaled $3,890,000. Deposits aggregated $22,283,963.61 and assets $29,679,107.51. Deposits of the eight banks which failed during the two weeks prior to today were estimated at $10,800,000, bringing the total deposits tied up in bank failures to date at $33,083,963.61. E. P. Jackson, State examiner, has been here since Monday checking up on condition. Capt. R. A. Gray, assistant to the State controller, was expected from Tallahassee at noon to take charge. The board of directors of the Citizens' Bank & Trust Co. predicted that all depositors would be paid in full and that the depositories would go out of business. EXPLAINS BANK FAILURES.


Article from Tallahassee Democrat, July 17, 1929

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Twelve South Florida Banks Fail to Open Doors Today King's Last Appearance Before Operation Demands of Heavy Depositors Force Closing ACTION INVOLVES FORTY MILLIONS Closing Does not Reflect Bad Business, Comptroller Says Twelve banks in south Florida failed to open their doors today, according to Comptroller Ernest Amos. who was advised by wire that unusually heavy demands on the part of depositors in number of communities had forced the closing of the Citizens Bank and Trust company of Tampa and five other financial institutions in Hillsborough county, as well as six member banks in other sections. Stood Runs Tuesday The twelve institutions, some of which withstood heavy runs during Tuesday and which failed to open for business this morning, are the Citizens Bank and Trust company, the Citizens Nebraska avenue bank, the Franklin bank. and the Lafayette bank, of Tampa; the First State bank of Port Tampa; the Bank of Ybor City: the BradenBank and Trust company of Bradenton: the First Trust pany of Sarasota: the First State Bank of Fort Meade: the Bank of Plant City: the Bank of Pasco County, Dade City, and the Bank of Mulberry. It was said that more than forty million dollars are involved in deposits of the twelve banks which failed today. Gray Goes to Scene Captain R. Gray, assistant to Comptroller Amos, left last night for Sanford and other South Florida points to assist in the situation now confronting the banking department Mr. Amos declared today that closing of the banks did not flect any unusually bad business conditions and said that undue alarm on the part of depositors who had begun to draw their money hurriedly had brought about runs which could not be stopped. The Citizens Bank and Trust company at Tampa was operatunder legislative charter granted many years ago, said. and virtually all the other eleven banks which closed their were member banks. doors


Article from The Daily News-Journal, July 17, 1929

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TWELVE FLORIDA BANKS CLOSE DOORS Large Tampa Institution Newest To Fail; $6,500,000 Deposits Tallahassee, Fla., July 17.-(INS)Twelve banks with forty million dollars in deposits failed to open in South Florida today, according to State Comptroller Ernest Amos. Amos also declared that many other banks had withstood heavy runs Tuesday. The failures, according to the comptroller, are not due to business conditions, but to "undue and uncalled for alarm.' The banks which failed to open today, according to Amos, are as follows: Citizens Bank and Trust Company of Tampa, parent of others, including the Citizens Nebraska Avenue Bank, Tampa, the Franklin Bank, Tampa, the Lafayette Bank, Tampa, the Bank of Ybor City, the First State Bank at Port Tampa, the Bank of Mulberry, the Bank of Pasco County at Dade City, the Bank of Plant City, the First State Bank at Fort Meade, the First Trust Company at Sarasota, and the Bradenton Bank and Trust Company. Run On Ybor Bank. The others are: the Bank of Pasco County at Dade City, the First Bank Trust Company of Sarasota, the First State Bank of Fort Meade, the Bradenton Bank and Trust Company, (Continued On Page Six) WRECKS NERVOUS SYSTEM HELPING HUBBY ON DIET New York, July she wrecked (her nervous system trying to help her 232 pound husband, Donald L. Samuels, stock exchange member, to reduce, Mrs. Charlotte Samuels, who weighs 120, wants divorce. She applied in the supreme court today for week temporary alimony and got She states in her petition Samuels cheated on his diet.


Article from The Daily News-Journal, July 17, 1929

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TWELVE FLORIDA BANKS CLOSE DOORS Large Tampa Institution Newest To Fail; $6,500,000 Deposits Tallahassee, Fla., July 17.-(INS)Twelve banks with forty million dollars in deposits failed to open in South Florida today, according to State Comptroller Ernest Amos. Amos also declared that many other banks had withstood heavy runs Tuesday. The failures, according to the comptroller, are not due to business conditions, but to "undue and uncalled for alarm.' The banks which failed to open today, according to Amos, are as follows: Citizens Bank and Trust Company of Tampa, parent of others, including the Citizens Nebraska Avenue Bank, Tampa, the Franklin Bank, Tampa, the Lafayette Bank, Tampa, the Bank of Ybor City, the First State Bank at Port Tampa, the Bank of Mulberry, Fla., the Bank of Pasco County at Dade City, the Bank of Plant City, the First State Bank at Fort Meade, the First Trust Company at Sarasota, and the Bradenton Bank and Trust Company. Run On Ybor Bank. The others are: the Bank of Pasco County at Dade City, the First Bank and Trust Company of Sarasota, the First State Bank of Fort Meade, the Bradenton Bank and Trust Company,


Article from Poplar Bluff Republican, July 18, 1929

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FLORIDA BANKS CLOSE AFTER Citizens Bank of Tampa and Nine Subsidiary Institutions Taken Over by Examiner. GOSSIP BLAMED FOR THE CRASH Feeling of Unrest Following Appearance of Fruit Fly Responsible for Closing. By The Associated Press. Tallahassee, Fla., July State Bank Department late today reported the failure of the Citizens Bank of Frost Proof, in Polk county, bring to 23 the number of financial institutions to close their doors in Florida the weeks. past two The Frost Proof Bank had capital stock of $35,000; deposits of $311,767.50, and assets of $430,291.46. By The Associated Press. Tampa, Fla., July state banks in Southwest Florida closed their doors today, bringing to 22 the number of financial institutions to fail within the state within the past two weeks, Capital and surplus of the institutions that closed today, according to figures released by the state banking department, totaled $3.595,000. deposits aggregated $22,and assets Deposits of the eight banks which failed during the two weeks prior today were estimated at $10,800,000, bringing the total deposits tied up bank failures to date to Money Arrives. A consignment of $1,000,000 from the Federal Reserve Bank at Atlanta to the First National Bank of Tampa arrived here shortly after noon by plane Jacksonville. Meanwhile other banks in the city reported numbers of small depositors withdrawing their funds, but officials said there plenty of cash on hand. Creed Taylor, deputy governor of the Federal Reserve Bank of Atlanta, in the city, backed up statements of the bank officials, declaring that the could have the money they needed to situation. Directors of Citizens Bank later issued statement saying that reorganization plans for that institution were under way. Tampa, Fla., July Citizens Bank and Trust Company, state institution, and nine subsidiary banking institutions failed to open their doors today. Besides the Citizens Bank four the depositories were in Tampa. Notice posted at the Citizens Bank by state bank examiner said the institution was in his hands. The branches were: the Bank Ybor City on which run was made Monday; the Lafayette Bank; Citizens Nebraska Avenue Bank; Franklin Bank and the Bank of Plant City; Bradenton Bank and Trust Company; First Bank and Trust Company, Sarasota; First State Bank of Fort Meade, and the Bank of Pasco County at Dade City. Gossip Blamed. E. Jackson, state examiner, has been here since Monday checking up conditions. The board of directors of the Citizens Bank and Trust, at meeting early today issued statement plaining conditions as due to "unwise gossip and continued adverse conditions following the appearance of the fruit fly which was sponsible for feeling of unrest and fear on the part of the people." The directors predicted that all depositors would be paid in full and that the depositories would go out business. Bank Capital. Paid in capital of the Citizens Bank and Trust was $1,000,000, according to the published statement of the bank as of June 29 last. Deposits given as in excess of $3,000,000. John Bize cashier; Bize, chairman of the board, and D. Aney president. Citizens Bank and Trust, assets cashier, John Bize. Citizens Nebraska Avenue, assets cashier, Acree. Lafayette, assets $645,802.03; cashier, McCord. Franklin, assets cashier, Jackson. Ybor City, assets $3,198,820.68; cashier, Crowder. Total, $22,927,003.36. The United States supplies onefourth of the world trade in chemicals.


Article from Butler Daily Democrat, July 18, 1929

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WRECK TOLL, 12 Moscow, July 18.-Soviet Russia last night severed all diplomatic relations with the Nanking government. This action was followed immediately by the concentration of armed forces of both nations along the Manchurian border with minor engagements being reported in some sections. The Soviet government made public its reply to the Chinese note, the latter having come in response to an ultimatum from Russia. In this note the Soviet Union said all means of reaching an amicable settlement had been exhausted. The Soviet note said that the Moscow government would reserve all the rights arising from the Peking-Mukden agreement of 1924. It declared that the Chinese reply to the Russian ultimatum was unsatisfactory in content and hypocritical in tone. The note further asserted all Soviet officials would be recalled from the Chinese Eastern railway, that all railway communications between Soviet territory and China would be suspended and that the diplomatic and consular representatives of the Nanking government would be ordered immediately to leave the Union of Soviet Socialist Republics. Countering the Chinese charge that Russia has been persecuting Chinese citizens in Soviet territory, the note said this was a hypocritical endeavor by China to justify its own outrages in the arrest of Russian citizens. The note asserted the Nationalist government knew well that Russia had had recourse to repressive measures only in the case of insignificant groups of spies, opium traders, white slavers, smugglers and other criminal Chinese. KMOX Artist Is Missouri Farm Girl St. Louis, July 18.-"And now we present Sunbonnet Sue, who will sing for you". How many times has this announcement brought joy to listeners of KMOX Farm Hour Programs. Sunbonnet Sue is a real farm girl, having been born and raised near Harrisonville, Missouri. Her name is Katherine McIntyre. She has been a member of KMOX staff at intervals covering several years. Last summer she studied violin in Paris, later going on to Florence where she devoted herself to the serious study of voice. Perhaps she loves her violin more than anything else. It is certain that she has a very high standard of excellence and insists that every number she presents comes up to it. The Farm audience, without doubt, thoroughly appreciates her songs which she selects with a view to satisfying the longing often expressed in these days of jazz for the songs of long ago. Then when things get too serious Sunbonnet starts some fun by presenting one of her pianologues. Some times it is, "When the Summer Boarders Come." Sometimes "Spring Fever." Her store of interesting pianologues seems to have no end. Sunbonnet Sue is to be heard each day at noon over KMOX, as she provides the musical bits that are interspersed between the discussions of Farm Topics. Cars of Fast Rock Island Train Through Colorado Bridge Miss McIntyre is quite well known in this city having taught violin here. Stratton, Colo., July 18.-Twelve persons were dead and a number injured when the crack Rock Island passenger train, No. 5, crashed through a bridge east of here early today. The known dead were passengers in one coach which was completely submerged in the swollen stream. The train, made up mostly of Pullmans from eastern and southern cities, carried a large number of passengers. Several of the cars went into the swollen creek when the bridge gave way beneath the engine, one of the cars being completely submerged. The coach was known to have been occupied by thirteen persons, twelve passengers and a colored porter. One of the passengers, badly bruised and cut, escaped from the car and swam to safety. The other occupants of the car were believed drowned. Many of the occupants of the other coaches were more or less injured. Physicians and nurses from all surrounding towns and cities were called to the scene of the disaster. Rail officials said the wreck could have been caused by two things, weakening of the bridge by excessive rains and swollen waters of the stream which it spanned or a broken rail on the bridge. Gossip Causes Run on Banks Tampa, Fla., July 17.-The Citizens Bank and Trust Company, a state institution, and nine subsidiary banking institutions, failed to open their doors today. Besides the Citizens, four of the depositories were in Tampa. Notices posted at the Citizens Bank by state bank examiner said the institution was in his hands. The branches affected were the Bank of Ybor City, on which a run was made Monday; the Lafayette Bank, Citizens Nebraska Avenue Bank, Franklin Bank and the Bank of Plant City, Bradenton Bank and Trust Company, First Bank and Trust Company of Sarasota, First State Bank of Fort Meade and the Bank of Pasco County at Dade City. E. P. Jackson, state examiner, has been here since Monday checking up on conditions. The board of directors of the Citizens Bank and Trust, at a meeting early today issued a statement explaining conditions as due to "unwise gossip and continued adverse conditions following the appearance of the Mediterranean fly, which was responsible for a feeling of unrest and fear developed on the part of the people." The directors predicted all depositors would be paid in full and that the depositories would go out of business. Paid-in capital of the Citizens Bank and Trust was 1 million dollars, according to the published statement of the bank as of June 29 last. Deposits were given as in excess of 13 million dollars. Paid-in capital of the Citizens Nebraska Avenue was $50,000, with deposits of $182,650.11, according to published statements. The Lafayette bank had paid-in capital of $150, 000, with deposits of $457,222.65; the Bank of Ybor City had paid-in capital of $200,000 and deposits of $2,679,237.69, and the Franklin bank's paid-in capital was $50,000, with deposits of $322,986.87, according to statements of conditions as of June 29. Figures for other branches involved were not available immediately. Total deposits in the Tampa banks involved were $17,347,968.15, of which the Citizens Bank and Trust held $13,695,870.78. Your friends will read your name in the Democrat.