1.
March 15, 1927
The Palm Beach Post
West Palm Beach, FL
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QUIETER TONE IS AFTER HEAVY RUN
Citizens Bank Meets Every Request With Cash as Farmers Suspends
TWO OTHER SMALL BANKS IN COUNTY CLOSE IN DAY
Feeling of Stability In Remaining Financial Houses Is Shown
A quieter tone prevailed throughout the community night. following a period of excitement when a determined run on the Citizens' Bank. prompted by the closing of three additional Palm Beach county banks. abated early in the afternoon leaving only thin lines of depositors at the windows. Of the remaining local banks, the Central FarmTrust company and the National Bank of West Palm B light runs. but closed practically at regular time when crowds The Citizens' bank, however. announcing that plenty of funds had been obtained to pay every depositor. remained open until 6 o'clock to meet all requests for payments. It will resume regular hours today, according to B. A. Maxfield, president. The normaley was aided largely by the 12 to Bank did the Worth Bank of ted The Bank Bank of and the and to Franklin 1. president the company late expressed that the in stating no difficulties for his tion "Our but number of ble substant new counts opened. We had all but the died closed Page
2.
March 15, 1927
The Palm Beach Post
West Palm Beach, FL
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QUIETER TONE IS PREVAILING HERE AFTER HEAVY RUN the doors, but admitted any one who throughout the afternoon. "I am particularly gratified with the in which the Citizens' Bank came through. Mr. Maxfield is certainly to be congratulated and the lirectors are be commended for their remarkable loyalty. was great tribute to Mr. abiland to the support accorded him.
The Morris Plan Bank of West Beach, member of the MorPlan chain throughout the Uniris ted favorable report gave night through the James H. Callahan. who stated that no withdrawals had been and number of accounts had been opened. The feeling of confidence was attributed largely to the charof the New York James A. Hoyt of the who was in the spoke very of the The National Bank of West Beach reporting that it had lenced no real flurry and was car Ing for patrons was continuing new quarters in the Harvey build late the month Meanwhile banking officials and at quieting upon the patrons of banks to give their institutions "proper and assuring depositors the banks which have remained will be able to Officials of the Citizens bank pressed determination not to will than now open and of the Farmers Bank and Trust company main tained Inactivity of the real estate mar ket and the fact much of the bank receivables based upon that kind of security given by Comptroller Ernest Amos as the cause for the recent which faster than the banks can liquidate their have resulted the down of making necessary for the institutions to pend." the adding that does not follow that because bank closed that of the of banks in Florida the the condition of most of the suspended banks has the and nttitude of the public Mr. Amos am not looking for greater financial depression if people will their heads If they become frightened make run on bank of any locality the situation will become The people themselves can injure or help situation. Banks have and not With the of depositors and banks can be It
3.
June 22, 1928
The Palm Beach Post
West Palm Beach, FL
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PROMISE IS GIVEN OF BANK DIVIDENDS
Receiver of Two Defunct Institutions Announces Early 10 Percent Payment
A note of optimism was injected yesterday into the local financial situation by announcement that dividends would be paid shortly to depositors defunct National bank of West Palm Beach the First National of Lake Worth. B. Cunningham, receiver for both institutions, announced yesterday that in late July or early Angust substantial dividend would be deposits the West Palm Beach first to be paid since it closed last fall. At the same time he announced that checks were expected shortly from Washington for 10 per cent dividend on the Lake Worth bank. This bring the dividends to 35 per cent.
Policeman J. M. Tapscott showed the boys how is done yesterday on the when hung up of Yackie and Adams each scored 62 to tie for