2596. Citizens Bank (West Palm Beach, FL)

Bank Information

Episode Type
Suspension → Closure
Bank Type
state
Start Date
June 18, 1928
Location
West Palm Beach, Florida (26.715, -80.053)

Metadata

Model
gpt-5-mini
Short Digest
170b5ea9

Response Measures

None

Description

The Citizens Bank of West Palm Beach failed to open June 18, 1928 and posted a notice it was closed to avoid a run after the First American Bank closed; its affairs were placed in the hands of the State banking department and a receiver (George F. Walz) was later appointed. There is no clear report of an actual depositor run prior to suspension — the paper describes a precautionary closure tied to the failure/suspension of a local bank (First American). The bank remained defunct (receiver appointed, subsequent dividends paid), so this is a suspension leading to closure (receivership).

Events (3)
1. June 18, 1928 Suspension
Cause
Local Banks
Cause Details
Closed as a precautionary suspension to avoid a run that might follow the closing/suspension of the First American Bank in West Palm Beach.
Newspaper Excerpt
The Citizens Bank failed to open for business today...the Citizens Bank's door bore the statement that the bank was closed to avoid a run, and for the protection of depositors.
Source
newspapers
2. September 11, 1928 Receivership
Newspaper Excerpt
appointment of George Walz ... receiver for the Citizens Bank West Palm Beach. The appointment made by State Comptroller Ernest Amos after the bank had closed and been placed in the hands [of the state department].
Source
newspapers
3. October 10, 1928 Other
Newspaper Excerpt
First dividend of 20 per cent paid October 10, 1928. (receiver's actions reflected in reports).
Source
newspapers

Newspaper Articles (16)
1. June 18, 1928 The Orange Leader Orange, TX
Article from The Orange Leader, June 18, 1928

Click image to open full size in new tab

Article Text

MORE FLORIDA BANKS CLOSED WEST PALM BEACH, Fla., June 18.-The First American and the Citizens banks here failed to open for business today. The Kelsey State bank at Kelsey City, adjoining West Palm Beach also was closed A statement on the door of the First American said the bank was in the hands of the state banking department. The Citizens' bank's door bore the statement that the bank was closed to avoid a run, and for the protection of depositors. It was feared that a run on the Citizens bank would following the closing of the First American, it was said.

2. June 18, 1928 The Washington Times Washington, DC
Article from The Washington Times, June 18, 1928

Click image to open full size in new tab

Article Text

BANK FAILS TO OPEN WEST PALM BEACH, Fla., June 18.-The first American Bank and Trust Company and the Citizens Bank failed to open for business today. The affairs of both banks have been placed in the hands of the State banking department. The Citizens Bank, it was announced, closed to protect itself against a "run" which might have followed the closing of the First American Bank

3. June 18, 1928 The Indianapolis Times Indianapolis, IN
Article from The Indianapolis Times, June 18, 1928

Click image to open full size in new tab

Article Text

FLORIDA BANKS - FAIL . Two Institutions Closed by State. By United Press WEST PALM BEACH, Fla., June 18.-The First American Bank and Trust Company and the Citizens Bank, both of West Palm Beach, failed to open today. Notices said the institutions, which withstood runs early in the year, were in the hands of the State banking department "for protection of depositors." The First American Bank and Trust Company is capitalized at $500,000.

4. June 18, 1928 Brownsville Herald Brownsville, TX
Article from Brownsville Herald, June 18, 1928

Click image to open full size in new tab

Article Text

Two Palm Beach Banks Are Shut WEST PALM BEACH, Fla., June 18.-(A))-The first American and the Citizens banks here failed to open for business today. The Kelsey State Bank at Kelsey City, adjoining West Palm Beach also was closed. A statement on the door of the First American said the bank was in the hands of the state banking department. The Citizens bank's door bore the statement that the bank was closed to avoid a run, and for the protection of depositors. It was feared that a run on the Citizens would follow the closing of the First American, it was said.

5. June 18, 1928 Brownsville Herald Brownsville, TX
Article from Brownsville Herald, June 18, 1928

Click image to open full size in new tab

Article Text

Two Palm Beach Banks Are Shut WEST PALM BEACH, Fla., June 18.-(A))-The first American and the Citizens banks here failed to open for business today. The Kelsey State Bank at Kelsey City, adjoining West Palm Beach also was closed. A statement on the door of the First American said the bank was in the hands of the state banking department. The Citizens bank's door bore the statement that the bank was closed to avoid a run, and for the protection of depositors. It was feared that a run on the Citizens would follow the closing of the First American. it was said.

6. June 18, 1928 Imperial Valley Press El Centro, CA
Article from Imperial Valley Press, June 18, 1928

Click image to open full size in new tab

Article Text

Florida Banks Fail To Open By United Press Leased Wire WEST PALM BEACH, Fla., June 18.-The - First American Bank and Trust Company and the Citizens Bank both of West Palm Beach, failed to open today. Notices said the institutions, which withstood runs early in the year, were in the hands of the state banking department "for protection of depositors. The First American Bank and Trust Company is capitalized at $500,600.

7. June 19, 1928 Evening Star Washington, DC
Article from Evening Star, June 19, 1928

Click image to open full size in new tab

Article Text

THREE BANKS FAIL TO OPEN IN FLORIDA First American Institution at West Palm Beach Gives No Statement. By the Associated Press. WEST PALM BEACH. Fla., June 19.-Two banks in West Palm Beach and one nearby, with aggregate resources of more than $7,500,000, failed to open yesterday and the statement was made on behalf of one of them that it was closed to avoid a possible run growing out of the suspension of one of the others. The banks closed are the First American Bank. the Citizens Bank, two of the oldest financial institutions in West Palm Beach, and the Kelsey City State Bank at Kelsey City near here, which is affiliated with the First American. Officials of the First American could not be reached for a statement. The bank is in the hands of the State banking department. The closing of the Citizens Bank, It was said, was caused by the First American's closing. The First American had been reopened and has been operating for several months following a temporary closing two years ago. The suspensions today did not affect the Central Farmers' Trust Co., the only other bank in West Palm Beach, or the First National. Palm Beach's only financial institution.

8. September 11, 1928 Franklin County Tribune Union, MO
Article from Franklin County Tribune, September 11, 1928

Click image to open full size in new tab

Article Text

Former Local Man Named Bank Receiver. The issue of September of The West Palm Beach of West Palm contains the ment the appointment George Walz of that city receiver for the Citizens Bank West Palm Beach. The made by State Comptroller Ernest Amos after the bank had closed in the hands the state department. Mr. Walz well known here. He brother Edw. Danz of this He and family have resided Palm Beach for some years and Mr. Walz has been banking circles since his residence there.

9. September 11, 1928 Franklin County Tribune Union, MO
Article from Franklin County Tribune, September 11, 1928

Click image to open full size in new tab

Article Text

Former Local Man Named Bank Receiver. The issue of September of The West Palm Beach Times, of Palm Beach. Florida. contains the announcement the appointment of George Walz that receiver the Citizens Bank West Palm Beach. The appointment made State by Comptroller Ernest Amos after the bank had closed and in the hands Walz well known He brother of Mrs. Edw. Danz this city He and his family have resided West Palm Beach years and Mr. Walz has been prominent banking circles since his residence there.

10. September 25, 1928 The Tampa Tribune Tampa, FL
Article from The Tampa Tribune, September 25, 1928

Click image to open full size in new tab

Article Text

Bank Receiver Declares Dividend as Relief Move WEST PALM BEACH, Sept. 24.Poultry CO. Thirtieth Ave. and Forty (A.P. An emergency receiver's dividend by the defunct Citizens Bank of FORTY Brown Leghorn West Palm Beach, which will put approximately $200. into circulation, BABY and was announced today by George F. 18 Walz, receiver, as a storm relief measure. Thirtieth Forty SEVERAL and Red PACKING HOUSE SOLD four big WINTER HAVEN, Sept. 24.-(Special.)-A. C. Lovelace, independent fruit shipper of this city, has purchased the old Noggle and Kirkpatrick packing house on South Fourth street and will move his packing busiGLICKS Marglobe ness there immediately. The house now was one of the first of its kind built ready three per 1000. Co., Fort Myers. here, having served for some years Phone Y-1661 early in the century as the packing plants, Missionary house of R. Klemm prior to the hundred Let before erection of the large Klemm house in Baker Nursery. Higginson, the southern part of the city. Bring TWO HELD AS BURGLARS First FOR nice of ST. PETERSBURG, Sept. 24.and (A.P.)- young men who gave the Will names of and Montania, and BEDDING and touring for their homes as New Orleans, will for face burglary charges here. the result of two burglaries in motor car companies in which safe doors were Flowers jimmied open. Only about $24 was obtained from the safes.

11. January 30, 1929 The Palm Beach Post West Palm Beach, FL
Article from The Palm Beach Post, January 30, 1929

Click image to open full size in new tab

Article Text

Citizens Bank Receiver's Report Reveals Net Earnings of Over $ 10,000; Dividend Of 20 Percent Has Been Paid Depositors Net earnings of $10,465.69 over the period between September 5 and December 31, 1928, are reported by George F. Walz, receiver of the Citizens Bank of West Palm Beach. The bank has paid one dividend of 20 per cent, on October 10, 1928. The statement which follows was filed recently with the circuit court and shows in detail the condition of the now defunct bank. The statement: CITIZENS BANK OF WEST PALM BEACH WEST PALM BEACH, FLORIDA Comparative Report of George F. Walz, Receiver, From Date of Appointment to December 31, 1928. ASSETS Balance Credit Balance Debit Cash Offsets Other Loans and discounts 819,559.61 $ 10,965.38 20,891.65 $ 44,863.52 $ $ Overdrafts 1,777.85 1,777.85 U. bonds 152,526.47 4,847.74 68,612.05 78,051.05 Other bonds 289,481.05 41,230.00 69,150.00 1,943.95 177,157.10 Profit and loss on bonds 2,959.58 2,959.58 Loss in settlements 3,469.94 3,469.94 Receiver's expenses 5,512.26 5,509.76 Other assets 8,550.00 8,550.00 Other claims 352.35 352.35 Furniture and fixtures 39,797.61 estate 79,234.31 554.05 79,788.36 Clearing association 1,215.07 1,215.07 Due from banks 181,685.29 298,225.67 21,623.54 Due from State Treasurer 354,920.48 64,921.05 Cash 2,230.09 200.78 2,029.31 Cash 3,614.46 2,004.34 $1,578,361.42 $1,250,506.74 LIABILITIES Capital stock 100,000.00 $ 100,000.00 Stock collections 6,390.12 8,500.00 14,890.12 Surplus 100,000.00 100,000.00 Undivided profits 30,755.49 1,200.00 20.95 29,576.44 Dividends unpaid 175.00 175.00 Interest and discount 12,117.56 15,636.45 Box rent collected 20.35 20.35 Recovery account 15.90 302.75 318.65 Receiver's certificates 116,416.20 462,300.46 Accrued interest on C. of D. 1,702.05 1,542.17 Deductions from F. R. claim 426.93 Bank drafts outstanding 39,128.04 35,634.95 3,493.09 Individual deposits 786,823.63 582,444.37 204,379.26 Savings deposits 388,686.24 171,941.36 216,744.88 Certificates of deposit 15,800.00 85,022.01 Cashier's checks 27,360.08 13,487.32 139.50 14,012.26 Certified checks 2,908.88 940.21 1,368.67 $1,578,361.42 $1,250,506.74 Credits by cash $ 77,138.88 Credits by offsets 195,045.88 Credits by other Total credits $1,627,148.41 Total debits $1,627,148.41 RECAPITULATION Receiver's Receiver's Expenses Earnings MAXWELL CONTINUES Court costs and other legal expenso 14.80 WINNING AT PINEHURST Attorneys' 509.50 Salaries paid Premiums insurance 63.50 Pinehurst, N. C., Jan. 29.-UP- Stationery, printing and postage $82.33 Telephone and telegraph 70.00 Norman Maxwell. of Philadelphia, Rent 1,800.00 medalist in the qualifying round Miscellaneous 173.60 yesterday of the St. Valentine's golf Interest and discount $15,636.45 tournament, won his first match to. Box rent 20.35 Recovery account 318.65 day, defeating J. R. Bowker, of Refund on legal expenses 2.50 Detroit, and 5. The defeat of William C. Fownes. $15,977.95 $ 5,512.26 Jr., of Pittsburgh, former amateur Receivership net earnings for period champion, by R. Breed. of Salem. of 9-5-28 to 12-31-28 10,465.69 Mass., was the surprise of the day. Total $15,977.95 $15,977.95 Fownes was far off his game. First dividend of 20 per cent paid October 10. 1928.

12. June 4, 1929 The Palm Beach Post West Palm Beach, FL
Article from The Palm Beach Post, June 4, 1929

Click image to open full size in new tab

Article Text

DIVIDEND CHECKS TO BE AVAILABLE Payment of 10 Percent Will Be Made By Citizens Wednesday Earl Rumsey. of the receiver's office for the Citizens Bank announced Monday that checks to the amount of 10 per cent of their original deposits will be available to the depositors of the defunct banking institution Wednesday. Amount to be paid out totals approximately $100,000. Arrangements have been made to pay off former depositors of the defunct bank at the institutions former site in the Citizens bank building although renovations are in progress on the Payments beginning Wednesday will make total dividend of 30 per cent paid out by the bank since its closing 20 per cent dividend was paid some months ago.

13. December 10, 1929 The Palm Beach Post West Palm Beach, FL
Article from The Palm Beach Post, December 10, 1929

Click image to open full size in new tab

Article Text

WOMAN SEEKS ACTION ON MONEY DEPOSITED ON DAY BANK CLOSED Suit For Preferred Claim Against Citizens Bank Is Listed By Mrs. Gruber In Circuit Court Monday; $10,000 Sum Involved DETITION for the establishment of a $10,000 preferential claim was filed Monday circuit court against George F. Walz. receiver of the Citizens Bank of West Palm Beach, by L. Leone Gruber and her husband, M. Gruber. The petition was filed through the law firm of Fisher, Van Metre Mrs. Gruber alleges the bank closed its doors and suspended business Saturday, June 16, 1928, and that on that date she deposited $10,000 in her savings with the bank after being assured by officers of the the bank was not in a safe, sound bank she could safely deposit her and solvent condition at the time she money in the institution made her deposit and that the of. Mr. Gruber and Mrs. Gruber allege ficers with exercise of reasonable diligence their conduct of the AMERICAN PUBLISHERS bank should have known was not in solvent condition. They allege TO DISCUSS PRICES they have been informed that the to. tal disbursements of the bank after New York. Dec. emer- the making of the deposit until gency convention of the American closed that day did not deplete the Newspaper Publishers Association deposit and that at all times subsewill open Monday at the quently the bank or receiver has had Hotel Pennsylvania to discuss the on hand funds in excess of $10,000. print price The receiver has rejected petiPremiers of Ontario and Quebec tion to have the claim placed in the have urged an increase in price by class. it was set forth, Canadian mills and certain of the but has admitted general one mills have an of Mrs. Gruber alleges her claim is on $5 per ton for next year. bringing parity with all other prefer:ed the $60. claims against the price to The First American Bank & Trust The ancient Greek philosophers Company closed for the second time held that the universe was composed at noon Saturday. June 16, 1928, preof the four elements of earth, air. ceding the closing of the Citizens fire and water. Bank.

14. April 3, 1930 The Palm Beach Post West Palm Beach, FL
Article from The Palm Beach Post, April 3, 1930

Click image to open full size in new tab

Article Text

Page Ten THE PALM BEACH POST Thursday Morning, A pril 3, 1930 LIQUIDATOR REPORTS CONDITION OF 11 DEFUNCT BANKS IN COUNTY Statements of condition of defunct banks in the county were made public on Wednesday by Liquidator J. P. Cochrane. These statements reveal many striking economies in administration of the affairs of these institutions and afford depositors an insight into the actual condition of the banks whose affairs the liquidator is seeking to bring to a conclusion. In addition to the statements published herewith, Friday's Post will publish the liquidator's reports on the following banks: Commercial Bank & Trust Co., of West Palm Beach; Northwood Bank & Trust Co., Bank of Boca Raton, Kelsey City State Bank, Bank of Boynton, Ocean City Bank of Delray Beach and Delray Bank & Trust Co. Palm Beach Bank & Trust Company Miscellaneous expenses 68.50 68.50 Losses 1,574.67 1,574.67 Real estate expense 135.90 135.90 $1,578,361.42 $1,003,426.91 Boynton, April 2. The Missionary Society of the Methodist LIABILITIES: Church gave its annual birthday Capital stock 100,000.00 100,000.00 Surplus 130,755.49 48,281.12 party at the home of Mr. and Mrs. Less notes in bankruptcy 5,810.25 M. Weaver in Lake Boynton Es173,226.36 Dividends unpaid 175.00 175.00 tates. Mrs. T. E. Frierson, presiIndividual deposits 786,823.63 730,725.76 56,097.87 dent, opened the program with Savings deposits 386,686.24 344,340.24 piano solo by Mrs. M. A. Weaver, 44,346.00 Certificates of deposit 100,822.01 100,822.01 and the ensuing numbers were Accrued interest on C. D.'s 1,702.05 1,702.05 group of vocal selections by Mrs. V. ASSETS: Balance Debit Credit Certified checks 2,908.88 2,908.88 G. Weaver, with Mrs. Mary AnderBalance 7-28-26 Cashier's checks 27,360.08 27,360.00 son at the piano; talk by the 3-31-30 $4,372,656.68 $ $2,141,991.39 Bank drafts 39,128.04 39,128.04 Rev. E. H. Crowson: poem read by Loans and discounts 16,675.00 2,213,990.29 Receiver's certificates 624,552.58 Mrs. Louis Howe; vocal duet, Mr. Less notes in bankruptcy Stocks, bonds and warrants 631,588.34 624,166.47 7,421.87 Current trust account 128.83 128.83 and Mrs. L. M. Crouch: reading by Overdrafts 83,693.64 32,861.10 50,832.54 Miss Dorothy Powell. Those presLIQUIDATOR'S EARNINGS: 76,864.36 19,736.50 ent were Mr. and Mrs. M. A. Furniture and fixtures 57,127.86 Interest collected 2,258.09 2,258.09 500.00 125,582.83 Weaver, Mr. and Mrs. Weaver, Real estate 126,082.83 Stock assessment collected 400.00 400.00 3,187.13 3,187.13 Mr. and Mrs. L. M. Crouch, Mr Union Trust Co., Chicago, III. Interest'on bonds 441.90 441.90 15,401.50 13,028.50 and Mrs. James Baker, Mr. and Atlantic National Bank 2,373.00 Rents 1,855.08 1,855.08 4,392.05 Mrs. Charles Boyd, Mr. and Mrs. Barnett National Bank 4,392.05 Recoveries 119.76 119.76 Farmers Bank & Truct Co. 897.42 897.42 44 44 Earl Stewart. Rev. E. H. Crowson, Miscellaneous Mrs. Ray Wilcox, Mrs. N. M. Bank America 615.42 615.42 5,448.19 Weems, Mrs. Harvey Oyer, Mrs. First National Bank, Miami, Fla. 5,448.19 $1,578,361.42 $1,347,185.23 $1,347,185.23 $1,003,426.31 B. Coleman, Miss Willie Weaver, Palm Beach National Bank 27,225.32 18,354.17 8,871.15 Mrs. Paul Mercer, Mrs. Clara 3,300.00 3,300.00 Sundry banks White, Mrs. Louis Howe, Mrs. 65,500.00 5,507.88 59,992.12 Farmers Bank & Trust Company Call money Emma MacKay, Mrs. James McNotes collected. not remitted 72,378.18 72,378.18 Kay, Mrs. Walter Lewerenz. Mrs. Cash and cash items 62,212.42 55,920.84 6,291.58 Balance Debit Credit Balance Ida Cram, Mrs. J. B. Jones, Mrs. F. 616,912.25 50.00 616,862.25 Judgments ASSETS: 3-31-30 M. Richardson, Mrs. Jennie Stewart Advancement for loan protection 3,915.09 3,915.09 Loans and discounts $8,176,250.56 $4,461,047.42 $ and Raymond Stewart. Trust investments 215,086.60 215,086.60 Less notes in bankruptcy 75,653.43 3,639,549.71 Mrs. A. Shepard entertained in Personal property 17,410.39 17,410.39 County warrants 10,937.28 7,433.83 3,503.45 honor of the fifth birthday of her Citizens Bank of West Palm Beach 605.71 605.71 Furniture and fixtures 77,658.01 28,034.71 49,523.30 small daughter. Margaret, at her State Treasurer, regular 246,806.78 27,812.36 218,994.42 435,018.75 195.00 435,213.75 Banking house home on Poinciana street. Games State Treasurer. liquidator's account 2,082.50 231.41 1,851.09 Real estate 6,118.28 352,764.58 358,882.86 20,582.58 were played and refreshments State Treasurer. special account 20,582.58 Bonds and stocks 441,380.32 350,300.70 91,079.62 65.00 65.00 were served. Margaret was the rePetty Overdrafts 3,507.91 1,992.95 1,514.96 2,363.35 2,363.35 cipient of many pretty gifts. PresCentral Farmers Trust Co. Due from banks 435,523.07 402,309.99 33,213.08 Deficit account 120,863.60 ent were Leona Lacey, Ruth Due from banks, certificates of deposit 32,000.00 19,269.20 12,730.80 16,675.00 137,538.60 Crouch, Jacqueline Partin, Mary Add, notes in bankruptcy 29,309.73 14,527.92 14,781.81 Cash items Lumpkin, Dorothy Crowson, Helen LIQUIDATOR'S EXPENSES: 40,213.37 40,213.37 Cash 3,049.72 Senior, Patsy Maddox, Marion Taxes 3,049.72 1,500,538.55 1,500,538.55 Judgments 953.91 James, Freda Blosch, Margaret, Liquidator's commissions 953.91 32,708.81 30,000.00 2,708.81 Central Farmers Trust Company 6,000.00 6,000.00 Eleanor and Clayton Shepard, Mrs. Attorney's fees 969,205.87 1,693.21 967,512.66 State Treasurer. regular account 789.89 789.89 Nellie Billings, Mrs. Alex Stuart, Court cost and other legal expense 2,318.46 2,318.46 State Treasurer, liquidator' account Insurance premiums 121.79 121.79 Mrs. Hugh E. Lumpkin and Mrs. Central Farmers Trust Co., trust account 3,100.00 3,100.00 10.21 10.21 Ray Wilcox. Light and water 8,980.58 8,980.58 Advancement for loan protection Rent 809.85 809.85 The Woman's Club met for their Other assets 25.00 25.00 Stationery, printing and postage 22.40 22.40 regular program meeting at the LIQUIDATOR'S EXPENSES: Salaries, clerical and others 1,348.58 1,348.58 Club House with large ttendance 110.93 110.93 Telephone and telegraph account 110.15 110.15 of members and friends. A short Liquidator's commissions 181.54 181.54 Real estate expense 102.48 102.48 business session was held and the Attorney's fees 400.00 400.00 Miscellaneous expenses 1,341.14 1,341.14 proposed refinancing was accepted. 105.17 Court cost and other legal expenses Losses 6,945.34 6,945.34 The applied education department. 299.05 299.05 Insurance premiums Mrs. Chester White, chairman, had Rent 26.35 26.35 $5,425,860.65 $3,789,863.78 charge of the program. Mrs. Rena 34.48 34.48 Stationery, printing and postage V. Powell, retiring president, re527.67 527.67 Salaries, clerical and others LIABILITIES: ported on the year's work. Miss 5.62 5.62 Telephone and telegraph Capital stock $ 75,000.00 $ 75,000.00 Dorothea sang a group of 119.64 119.64 Miscellaneous expenses Surplus account 82,362.04 82,362.04 vocal solos. G. N. Seegitz, enter169.70 169.70 Real estate expense Individual deposits 2,935,040.82 2,817,369.06 117,671.76 tainer, gave group of songs, one Savings deposits 851,507.97 820,017.78 31,490.19 $7,127,257.55 of which, Ohio, was his own com$9,687,917.28 Certificates of deposit 168,392.83 162,216.68 6,176.15 position. Mrs. V. G. Weaver sang Cashier's checks 96,178.02 71,408.31 24,769.71 group of solos. Mrs. Alfreda McLIABILITIES: Certified checks 83,223.69 69,102.10 14,121.59 Farland of Centralia. III., who has 100,000.00 $ 100,000.00 Capital stock Trust deposits 101,381.42 3,702.52 97,678.90 been guest of Mrs Clara White, 1,027,247.46 296,988.35 Surplus Contingent liabilities 283,329.18 283,329.18 was introduced to the club and 75,653.43 654,605.68 Less notes in bankruptcy Trust vouchers 670.92 670.92 made an impromptu talk. At the Dividends unpaid 138.00 138.00 Bank drafts 18,083.53 18,083.53 close of the program Mrs. Clara 4,787,187.97 4,770,598.82 16,589.15 Individual deposits Receiver's certificates 25,000.00 2,676,346.16 2,651,346.16 White in behalf of the chairmen of 830,402.10 829,824.57 577.53 Savings deposits Claims held in suspense 146,411.10 146,411.10 departments, standing committees Demand certificates of deposit 5,554.00 5,554.00 Bills payable 678,019.70 678,019.70 and officers. presented the retiring Time certificates of deposit 236,412.50 236,412.50 Hanover National Bank 55,198.60 55,198.60 president, Mrs Powell, with gift Certified checks 11,829.19 11,829.19 Guaranty Trust Company 8,349.81 8,349.81 of appreciation. Mrs. Powell and 85,955.99 100.00 Cashier's checks Due to Clearing House 7,876.57 7,876.57 Mrs Nellie Billings presiding at the 803,898.60 74,875.07 Trust deposits LIQUIDATOR'S EARNINGS: tea tables. Due banks 57,871.18 57,871.18 Interest collected 17,216.64 17,216.64 6,140,664.98 The Rev. and Mrs. F. C. Blosch Receiver's certificates Rents 1,718.50 1,718.50 101,571.18 101,571.18 entertained the members of the B. Unfiled claims Recoveries 587,508.63 Y. P. study class, and few of 351,000.00 351,000.00 Re-discounts 979,182.18 their friends at their home after Bills payable 979,182.18 $5,425,860.65 $6,494,509.49 $6,494,509.49 $3,789,863.78 2,200.00 2,200.00 examinations had been given. Current trust funds 3,114.55 Games were played and refreshBank deposits 336,262.04 336,262.04 ments were served. Members of Bank drafts outstanding First American Bank & Trust Co. the study class were. Miss Ida Mae LIQUIDATOR'S EARNINGS: 8,562.62 Lunsford, Miss Nellie Lewis, Miss Interest collected Balance Debit Credit 135.44 135.44 Ruth Mecks. Miss Mildred WoodBalance Trust earnings ASSETS: 6-18-26 685.00 685.00 ruff. Miss Grace Woodruff, Mrs. 3-31-30 Interest on bonds Loans and discounts $2,190,549.09 $ $ 342,084.34 $ 1,671.97 1,671.97 Walter Lunsford, Miss Minnie Mae Rents Less notes in bankruptcy 7,224.99 1,841,239.76 21,904.38 21,904.38 Evans, Miss Lou Anna Ward, Miss Recoveries Stocks and bonds 1,547,400.00 644,613.08 Helen Benson, Ozie Lunsford, 28,750.00 538.50 $11,712,986.85 $7,127,257.55 Furniture and fixtures 28,211.50 $9,687,917.28 $11,712,986.85 Charles Winegardner, Newt GibPremium on bonds 11,153.50 78,302.84 6,500.00 Real estate MGRAW ENTHUSIASTIC Overdrafts 4,613.29 4,308.86 REDS WIN COLD 304.43 Barnett National Bank 3,381.45 3,381.45 New Orleans, April CONTEST, 6 TO Bank of Bay Biscayne 3,469.66 3,477.33 McGraw spent part of rainy 886.18 1,843.45 afternoon today telling the fans Central Farmers Trust Co. 2,729.63 151,801.84 151,336.84 465.00 Atlanta. April 2.-AP-The CinCash and cash items and newspapermen that he is goBaltimore Trust Company 54,393.49 54,393.49 cinnati Reds made it two in row ing to have one of the best teams Interstate Banking Trust Co. 6,042.35 6,042.35 in the National League this season. over the Atlanta Crackers here Marine Bank & Trust Co 6,186.01 6,186.01 McGraw did not say his New York Wednesday. taking to deciCurrent trust funds, Central Farmers Trust Co. 159.79 159.79 Giants were certain to win the 38,618.28 sion in damp and chilly contest. Accounts receivable 38,618.28 penant, but he was full of enthus400.98 The Crackers broke loose in the State Treasurer. regular account 169,196.86 168,795.88 AT iasm about the chances. The Giants 326.20 36.25 ninth to Nick Ray Kolp for four State Treasurer, liquidator's account 289.95 game gainst Cleveland was 34,961.00 runs before he could subdue them. State Treasurer, trust funds 34,961.00 washed out. 13,165.48 13,165.48 Score: State Treasurer. suspense account LIQUIDATOR'S EXPENSES: "the rendezvous" 9,486.46 THEFT REPORTED Taxes 9,486.46 YANKS RAINED OUT Liquidator's commissions 593.20 593.20 Harry Boegernhausen, 5311 Man Waco, Texas, April 2.-AP-Rain 775.00 775.00 Attorney's fees Wednesday ruined the plans of Bob ning street, reported to police on Court cost and other legal charges 168.00 168.00 Shawkey, manager of the New Wednesday afternoon that during 74.46 74.46 Insurance premiums York Yankees, start preparing that morning sneak thief entered 74.76 74.76 Light and water his pitchers for full-time duty this his home through an unlocked door Pillows 135.75 135.75 Rents and stole two watches. season. 34.58 34.58 Stationery. printing and postage Fancy pillows of plain and glazed chintz, leather. felt and silk. Salaries, clerical and others 1,497.77 1,497.77 Clearance at 63.65 63.65 Telephone and telegraph 17.03 17.03 Real estate expense 131.63 131.63 Miscellaneous expense 21.09 21.09 Glass Figures Losses A Biblical Question $4,016,845.86 $3,199,703.02 Grotesques in colorful blown glass Clearance at 6 8 2 3 4 5 $ 500,000.00 $ 500,000.00 Capital stock 130,368.39 42,273.73 Pottery and Glass Surplus 11 2 9 7,224.99 165,417.13 Less notes in bankruptcy Bowls, vases and jars a large group regularly priced from 1,678,275.72 708,312.33 969,963.39 Individual deposits $3.00 $5.00 259,092.57 51,066.60 13 15 6 Savings deposits Certificates of deposit 1,059,701.61 51,000.00 1,008,701.51 248,983.38 10,158.49 238,824.89 Trust deposits 17 Another table of values from $7.50 to $14.75 68,726.64 52,364.27 16,362.37 Cashier's checks 4,534.88 576.90 Certified checks 21 22 23 24 25 67,162.67 18,540.88 18 20 Drafts 159.79 159.79 Tea Sets Current trust funds Insurance adjustment account 3,501.36 3,501.36 26 27 13,229.48 13,229.48 Several imported tea sets. values from $18.50 to $27.50 Suspense account LIQUIDATOR'S EARNINGS: 28 29 30 31 6,250.96 6,250.96 Interest collected 30.21 30.21 Trust earnings Linens 4,898.74 4,898.74 Interest on bonds 32 33 6,639.51 6,639.51 Rents collected Bridge and tea sets and towels all linen, Czecho Slovak, 5,117.84 5,117.84 Recoveries Chinese, Madeira, Russian and Italian fancy weaves 34 37 38 39 35 56 and embroideries $1.25 to $25.00 $4,016,845.86 $1,247,180.41 $1,247,180.41 $3,199,703.02 40 42 Citizens Bank of West Palm Beach Stationery 44 43 Close-outs with slightly soiled boxes 3 Balance Debit Credit Balance 9-5-28 3-31-30 ASSETS: VERTICAL 7 Age. HORIZONTAL 34 Wing. $ 819,559.61 $ $ 148,555.56 $ Loans and discounts 1 Discoverer 37 Showers. 1 Capital 8 Founder of 5,810.25 665,193.80 Less notes in bankruptcy the Netherlands. Virginia. Bridge Books 1,777.85 69.27 1,708.58 38 Stir. Overdrafts circulation Verb. 11 Rodent. 442,007.52 310,145.42 131,862.10 40 Cognizance. Close-out of all Bridge Books, including Work, Whitehead, Bonds Rodent. of the blood. 14 Prodigal. 14,656.49 14,656.49 Foster, Lentz Other assets 41 To soak flax. Joined 39,797.61 6,700.15 3 New chief 15 Obliterators. Furniture and fixtures 33,097.46 42 Electrified together. 19 To cut off. 79,234.31 40,098.38 119,332.69 justice of Real estate particle. 5 Personal 1,215.07 20 Farewell: 1,215.07 Clearing House claim 43 Eatable. enemy. 2,230.09 506.48 1,723.61 21 Golf device. Silver, Glass, Pottery item supreme Cash 44 Scanty. 6 Derby. 10,854.07 10,854.07 court. 23 immerse. Cash A large assortment of odd pieces of silver. glass and pottery. 20,017.46 1,443.88 18,573.58 9 Constellation. 24 Wrath. Advancement for loan protection YESTERDAY'S ANSWER 7,458.67 4,950.42 priced for quick sale at State Treasurer, regular account 2,508.25 25 Measure: 10 Coin. 168.25 18.53 149.72 28 River in State Treasurer, liquidator's account 12 Limb. 3,517,28 3,517.28 Yellowstone Central Farmers Trust Company 13 To secure. 181,685.29 180,093.40 1,591.89 National Due from banks 14 Ice shoe. 128.83 128.83 Park. Central Farmers Trust Co., trust account 16 Fish. TEASE LIQUIDATOR'S EXPENSES: 17 Simon called 29 Trap. 4,352.22 4,352.22 30 Indentations Taxes also 252.40 252.40 31 Male bee. Liquidator's commissions 18 Exultant. 31.25 31.25 SERO 33 To knot: Court cost and other legal charges 22 Red relish. 709.75 709.75 35 Guided. Insurance premiums 26 Kiln. CEDAR 517.04 517.04 Light and water 27 Male ancestor. 36 Cuckoo. ESTABLISHED 1894 53.25 53.25 Rent 38 ventilate. 28 Races. 54.72 54.72 Stationery, printing and postage 30 To rely. 39 Dower 409.16 Salaries. clerical and others To come in. 8.70 8.70 Telephone and telegraph

15. November 19, 1930 The Palm Beach Post West Palm Beach, FL
Article from The Palm Beach Post, November 19, 1930

Click image to open full size in new tab

Article Text

DAILY RECORD CIRCUIT COURT November 18, 1930 In Re: Liquidatorship of Citizens Bank of West Palm Beach, order for compromise settlement of note of Castlen Company author izing Liquidator J. P. Cochrane to accept credit memorandum of $250 and four shares of preferred stock in the Florida Discount Corporation and one share of common stock in the Florida Corporation no par in full settlement of for $735.81 Lillie Davis William Davis, fd. div. Amis. Bessie Williams Leroy Will liams, fd. div.; and resume of Bessie Turner: Southard Archie Waters May Waters, fd. L. Gaulden. In Re Liquidatorship of Citizens Bank of West Palm Beach, for $1,500 each against W. Weihe, Henry Miller and H P Mar gerum waiving interest on principal In Re: Liquidatorship of Ocean City Bank, order for settlement with A. Eassa thorizing acceptance by Liquidator of and $221.97 in receiver's on bank in full settlement of stock sessment for Liberty Finance Company VS Le ona Kramer Thatcher and her husband, Burton Thatcher, bc. fm.; Fancher, Paty & Warwick P. Cochrane liquidator of Farmers Bank & Trust Company, William Herbertz and Augusta Herbertz, wife, et al., be. fm. Carl Widell Imperial Commercial Corporation Holden, trading and doing Holden Cigar Co., prace. for law, dams $4,000; Fancher, Paty & Warwick. John Wilde vs Edward U. for sums action ex dams. $10,000; Homer Palm Shores Company Joseph E. Bell, order of dismissal; A. S. H. Francis Cragin and Girard Trust Company, co-trustees under the last will and testament of Charles Cragin, Palm Beach Ocean Realty Company, dams. $1,500,000 and Ocean 500,000 final judgment each suit for and tried before Circuit Judge C. E. Chillingworth chambers, orders denying motions for new trials, noting exceptions of plaintiffs and granting plaintiffs until December 31, 1930, within which to present settle bill exceptions; John O'Neill: Wideman, C. W McGee V3 Town of Lantana, prace. sums. tion at dams $3,500: C. jr. Logan Moore Lumber Company vs Samuel Schutzer, defendant, Commercial Bond and Mortgage vacating judgment of $3,936.19 against garnishee: Miller Liberty Finance VS Thelma joined by Carroll E. Watkins, her husband, and A. S. Bussey, fm.; John Ziegler Robert Ekstrom George Blanchette, order of Gould & McGee Grand Florida Corporation, VS James Cresswell and Earle B. Cresswell, cross bill for accounting and reformation of lease to conform with leases of former years; R. Bullock. Grand Florida Corporation James Cresswell and Earle B. Cresswell, order of dismissal and permitting under bill; Albert C. Fordham

16. January 27, 1931 The Palm Beach Post West Palm Beach, FL
Article from The Palm Beach Post, January 27, 1931

Click image to open full size in new tab

Article Text

KELSEY CITY BANK EXPECTED TO PAY 10 PER CENT SOON Dividend Expected About February 1, Following Settlement The Kelsey City State Bank is expected to pay 10 per cent dividend by next Monday or shortly thereafter, J. P. Cochrane, as liquidator of the defunct bank, announced Monday following final settlement with the county of suit involving approximately $105,000 in collateral and $15,000 cash. In the event the dividend becomes available as Liquidator Cochrane expects total of about $6,700 will be distributed among depositors. The bank closed in June, 1928, and has not made a dividend payment. Liquidator Cochrane already has asked State Comptroller Ernest Amos for permission to make the payment. The county commission Monday morning gave instructions to George W. Coleman, attorney for the trustee, to dismiss damage suit brought against the former receiver, R. 6. Barker, involving col ateral amounting to approximately 6143,000 for deposit of about $130,000 made by trustees of Special Road and Bridge District No. 3. Praecipe for dismissal of the suit was signed for the county Monday after Liquidator Cochrane had given $15,000 check, collateral having face value of $105,019.50 and jurisdiction over three or four suits involving mortgaged property to the county Suit was started after former Receiver Barker had appropriated the collateral which had been placed in a safety deposit box in the bank the receiver claiming the collateral should be listed among the general assets of the bank. Confirmation of the settlement has been given by Comptroller Amos and Circuit Judge C. E. ChilSettlement of a claim for $21,000 held against the Citizens Bank of West Palm Beach to the credit of the Palm Beach County Road Special Fund, was authorized by the board. The original claim was for $30,000, secured by $21,000 in Town of Boynton bonds Receivers certificates for $9,000 were issued and negotiations for the settlement reached Monday was started. Under the terms of the settle-