Columbia Bank of Ybor City

Bank Information

Episode Type: Suspension → Reopening
Bank Type: state
Start Date: June 12, 1930
Location: Tampa, Florida (27.948, -82.458)

Metadata

Model: gpt-5-mini
Short Digest: 879f081b

Response Measures

None

Description

Articles report Tampa banks (including Columbia Bank of Ybor City) jointly requiring a 60-day notice for savings withdrawals in response to suspensions of banks in other parts of Florida. This is a coordinated temporary restriction on savings withdrawals (invocation of a 60-day rule) rather than a full failure or receivership. No run on Columbia is described, nor any permanent closure; classification as a suspension (temporary restrictions) with eventual resumption is most consistent.

Events (1)

1. June 12, 1930 Suspension

Cause: Local Banks
Cause Details: Action taken in response to the suspension of payments of banks in other parts of the state (panicky reaction to other banks' suspensions).
Newspaper Excerpt: A partir de hoy (jueves) los bancos de Tampa requerirán una notifica, ción de 60 días de los depositantes que tengan la intención de retirar sus cuentas de ahorro
Source: newspapers

Newspaper Articles (3)

1. June 12, 1930 La Gaceta Tampa, Ybor City, FL

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Article Text

LOS QUE TIENEN CUENTA DE AHORRO DEBERAN NOTIFICAR CON 60 DIAS DE ANTICIPACION PARA PODER SACAR SU DINERO Vista la gravedad de la situa ción que se presentaba en la tar de de ayer, por el pánico injustificado de los depositantes, los directores de los bancos de esta ciudad se reunieron y tomaron el siguiente acuerdo: A partir de hoy (jueves) los bancos de Tampa requerirán una notifica, ción de 60 días de los depositantes que tengan la intención de retirar sus cuentas de ahorro, estrictamente de acuerdo con el contrato bajo el cual tales depósitos fueron originalmente aceptados. Tomamos esta acción en un tiempo de intranquilidad debido a la infortunada suspensión de pago de los bancos en otras partes del estado y para la protección de los bancos, nuestros depositantes y la conveniencia pública. Todas las demandas de devolución de depósitos hechas por los que tienen cuenta corriente serán atendidas en el acto. (Firman) : First National Bank, Exchange National Bank First Savings and Trust Co., Latin American Bank of Ybor City, Columbia Bank of Ybor City y Bank of West Tampa.

2. June 12, 1930 Tampa Bay Times St. Petersburg, FL

Article from Tampa Bay Times, June 12, 1930

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Article Text

Tampa Banks Freeze Savings Deposits Tampa banks, six in number, last night which was savings would withdrawal cordance under which accepted. The taken following bank pensions other parts Demand deposits be paid as announced. The statement was signed by the First bank of National bank. the First Savings Trust American bank of City, Columbia of Ybor City, the Bank of West Tampa.

3. June 12, 1930 The Tampa Times Tampa, FL

Article from The Tampa Times, June 12, 1930

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Article Text

Banks to Require 60-Day Notice To Draw on Savings Six banks of Tampa took vigorous steps this morning to prevent the spreading here of panicky feeling as the result of the suspension Miami and other Florida cities. To protect their depositors and the public generally, the Tampa banks invoked regulation requiring depositors give 60-day notice intention withdraw funds from their savings accounts. take this action at time of unrest bank other parts of the state for the protection of the banks, our depositors and for the public welfare, statement issued by the following: First National Exchange National bank, First Savings and Trust company. Ybor City, Columbia the Bank of West Tampa.