2574. Franklin Bank (Tampa, FL)

Bank Information

Episode Type: Run → Suspension → Closure
Bank Type: state
Start Date: July 16, 1929
Location: Tampa, Florida (27.948, -82.458)

Metadata

Model: gpt-5-mini
Short Digest: 03e27511

Response Measures

Full suspension, Books examined

Other: State examiner took custody of Citizens Bank & subsidiaries (including Franklin Bank).

Description

Multiple contemporary articles (dated July 17–18, 1929) report heavy withdrawals/runs on Tampa banks (runs noted Tues., July 16) and that the Franklin Bank was among state banks that failed to open and were placed in the hands of the State banking department. Cause is repeatedly attributed to unwise gossip/panic after appearance of the Mediterranean fruit fly. The bank was taken into state control (suspension) and listed with other failed institutions, with no clear reporting of a reopening in these articles, so classified as suspension leading to closure.

Events (3)

1. July 16, 1929 Run

Cause: Rumor Or Misinformation
Cause Details: Heavy withdrawals driven by unwise gossip and public unrest following appearance of the Mediterranean fruit fly; general panic rather than bank-specific insolvency
Measures: Public statements by bank directors and arrival of reinforcement funds (Federal Reserve consignment to local member bank); state examiner on scene
Newspaper Excerpt: many other banks had withstood heavy runs Tuesday ... undue alarm on the part of depositors who had begun to draw their money hurriedly had brought about runs
Source: newspapers

2. July 17, 1929 Other

Newspaper Excerpt: Directors of the Citizens Bank ... predicted that all depositors would be paid in full and that the depositories would go out of business. 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.
Source: newspapers

3. July 17, 1929 Suspension

Cause: Rumor Or Misinformation
Cause Details: Bank failed to open and was taken into the hands of the State banking department following runs and widespread gossip/panic tied to the fruit fly scare; described as precautionary/forced by heavy demands of depositors rather than business condition deterioration in the comptroller's statements
Newspaper Excerpt: The Franklin Bank, Tampa. ... Twelve banks in south Florida failed to open their doors today ... placed in the hands of the State banking department
Source: newspapers

Newspaper Articles (10)

1. July 17, 1929 Evening Star Washington, DC

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.

2. July 17, 1929 The Brownsville Herald Brownsville, TX

Article from The Brownsville Herald, July 17, 1929

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Is Fruit Fly Caused Bank and Trust company, Citizens' TAMPa. July institutions, to subsidiary banking state institution, and nine their doors today. open in Tampa. Notices of the depositories were Besides the Citizens, four said the institubank examiner Citizens' bank by state posted nt the was in his hands. affected were: The TO ROME? The Bank of Ybor City on which was made bank: Citizens' The Franklin braska Avenue the Bank of Flant City: Bradentown Bank and Trust company. First Bank and Trust company State bank of Fort Meade and Bank of Pasco coun-: Dade City. Jackson, state examiner, has been here since Monday checkup conditions. ing directors of the The board Citizens Bank and Trust, meetissued statement today conditions due to and continued adverse gossip following the appearance conditions Mediterranean which was the feeling of unrest responsible for on the part of and fear developed the people.'

3. July 17, 1929 Tallahassee Democrat Tallahassee, FL

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

4. July 17, 1929 The Daily News-Journal Murfreesboro, TN

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.

5. July 17, 1929 The Daily News-Journal Murfreesboro, TN

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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,

6. July 17, 1929 Daily American Republic Poplar Bluff, MO

Article from Daily American Republic, July 17, 1929

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FLORIDA BANKS AFTER "RUN" 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 counbring to 23 the number of financial institutions to close their doors Florida in the past two weeks. The Frost Proof Bank had capital stock of $35,000; deposits of $311,and assets of By The Associated Press. Tampa, Fla., July 17.-Fourteen 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 stitutions that closed today, according to figures released by the state banking department, totaled $3,595,000, deposits aggregated $22,263,961.47 and assets $29,211,075.22. Deposits of the eight banks which failed during the two weeks prior today were estimated at bringing the total deposits tied 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 noon plane from Jacksonville. Meanwhile other banks in the city reported numbers of small depositors withdrawing their funds, but officials said there was plenty of cash on hand. Creed Taylor, deputy governor of the Federal Reserve Bank of Atlanta, who in the city, backed up statements of the bank officials, declaring that the institutions could have the money needed to meet the situation. Directors of the Citizens Bank later issued statement saying that reorganization plans for that institution under way. Tampa, Fla., July Citizens Bank and Trust Company, state institution, 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 in his hands. The branches were: the Bank Ybor City on which run was made the Lafayette Bank; Citizens Monday; Nebraska Avenue Bank; Franklin Bank and the Bank of Plant City; Bradenton Bank and Trust Company; First Bank and Trust Company, First State Bank of Fort Sarasota; Meade, and the Bank of Pasco County Dade Gossip Blamed. Jackson, state examiner, has been here since Monday checking up conditions. The board of directors of the Citiand at meeting zens Bank early today issued statement conditions as due to "unwise plaining gossip and continued adverse conditions following the appearance of the Mediterranean fruit fly which sponsible for feeling of unrest and fear on the part of the people." that all deThe directors predicted positors would be paid in full and that the depositories would go out of business. Bank Capital. Paid in capital of the Citizens Bank Trust $1,000,000, according and was to the published statement of the of June 29 last. Deposits bank as in excess of $3,000,000. were given as cashier; Bize, John Bize is of the board, and Aney chairman president. Bank and Trust, assets Citizens John Bize. $18,412,064.89; cashier, Avenue, assets Citizens Nebraska cashier, $645,802.03; cashLafayette, assets McCord. ier, Franklin, assets ier, W. Jackson. Ybor City, assets cashier, Crowder. Total, The United States supplies onethe world trade in chemifourth of cals.

7. July 18, 1929 Tampa Bay Times St. Petersburg, FL

Article from Tampa Bay Times, July 18, 1929

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BANKING CRISIS OVER, BELIEF, AS SENDS HELP Five Millions Sent Tampa and St. Petersburg Institutions (Continued from Page financial institutions which closed today, according figures at the banking department, was $3,630,000; deposits $22,575,728.97 and Names of the defunct institutions, which the hands state bank department today, Citizens Bank and Trust company, Tampa. *Franklin bank, Tampa. Lafayette bank, Tampa. American State Tampa. *Citizens Nebraska Avenue bank, Tampa. *Bank of Ybor City, Ybor City. *Bank Plant City, Plant City. *Bradenton Bank and Trust Bradenton. *First Bank and Trust company Sarasota. *First State bank, Fort Meade. *Bank Citizens bank of Frostproof. bank Tort City. Bank Mulberry. Mulberry. Ellenton State bank, Ellenton. with Citizens Eight other banks have failed the past weeks, bringthe number of failures within time board directors of the CitiBank Trust company of Tampa today issued written stateexplaining that the present situation due to "unwise gossip continued adverse fol"lowing the appearance of the Mediterranean fruit fly. was sponsible for feeling unrest and fear developed on the part of the Directors of the Citizens bank predicted that all depositors would be full and indicated that its subsidiaries would go out of busibolster up public confidence, $1,000,000 cash was brought here airplane today from Atlanta and delivered the First National bank Tampa, member the Federal Reserve. Meanwhile, officials of other solbanks Tampa, where withdrawals by few depositors reported, issued statements plenty of been obtained demands. Creed governor the Federal Rebank Atlanta, arrived today, also declared that local bankers could all the money need with which meet the from Washington stated the shipment of from Tampa said by FedReserve officials to have been authorization by the for the establishment of two depots one in each million dollars would quick use by the member officials of the Bank Sarasota, the Ringling Trust and First Trust company. the three solinstitutions there, said of the First and Trust "company that city no effect their banks. The three under usual business today, they said. Ringling circus fame, the board the Bank Sarasota and the Ringling Trust Savings bank. officials has the entire fortune the late Charles Ringling. brother.

8. July 18, 1929 The Miami Herald Miami, FL

Article from The Miami Herald, July 18, 1929

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COMPTROLLER SAYS CONDITIONS GOOD TAMPA July of today aggregate deposits more than regarded State Amos tonight being the 'darkened hour just the dawn. In statement The Comptroller he bethe primary cause of the was ganda and the mental attitude of the people. There financial depression to degree the the comptroller explained, "which has accentuated by the effect of the regard this the just however, people will not tear the temple upon their heads. This what they are doing "The flurry we have had today perhaps the largest we have the history of the Property values in Florida. While there been no we the same the and same who will take hold they that cleared in the circles of the state. "There has been too much propaganda, much agitation and funds that should be in the ordinary channels of trade. The people have brought down temple on themselves, as they this they will change With all bank failures. Florida still has money banks than our sister As an instance the sum $750,000 was taken out the Citizens Bank Tampa one day. "The Volusia County Bank DeLand had of new funds and the Bank of Daytona Beach had secured $500,000 new funds, which, ordinary would to have carried the There on the bank of for "The majority of banks that closed in Tampa today affiliated the Citizens Bank of Tampa and their closing was made that account as precautionary meas"Confiscation of fruit made it impossible for to their gations to the Aggregate capital stock of the 15 which today. to figures the state banking department, deposits and assets of Names of the defunct institutions which were placed in hands of the bank today Bank and Trust Tampa: *Franklin Tampa; *Lafayette Bank, Tampa: American State Bank Tampa; Nebraska Bank, Tampa: *Bank Ybor City, City: *Bank of Plant City, Plant *Bradenton and Trust ComBradenton: *First Bank and Trust Company, First State Bank, *Bank Pasco County, City: Bank Frostproof; Bank Port Tampa Bank lenton Bank, Ellenton. ated Citizens Bank at Tampa. Eight banks in weeks, bringing failures within board directors of the Citizens Bank Trust which parent institution the other banks which failed today, issued written statement, the present "unwise and the pearance the which was responsible for the feeling unrest fear on the the Directors the Citizens Bank predicted depositors indicated go out of business confidence, cash brought here airplane today from Atlanta and delivFirst National Bank Tampa, member of the Federal Reofficials of other solvent in statements plenty cash had been Creed Taylor, deputy governor of Federal Reserve Bank Atlanta, arrived here today declared that local the money they with which to meet from Washington stated that the from lanta Tampa said by Federal Reserve officials to have been sent under authorization by the board At Sarasota officials of the Bank of Sarasota and the Savings and the First Trust Company, the three solvent there, said closing the First Bank and Trust Company that city "had no effect whatever" their Both were conducted under usual today. they said John Ringling circus fame chairman of the Bank Sarasota the and Savings has behind fortune of the late Charles brother.

9. July 18, 1929 Poplar Bluff Republican Poplar Bluff, MO

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.

10. July 18, 1929 Butler Daily Democrat Butler, MO

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.