Bank of Ybor City (Tampa, FL)

Episode Information

Episode UID
63020671555
Episode Type
Run → Suspension → Closure
Bank Type
state
Bank ID
6302067 routing
Routing Number
63-0206
Start Date
July 15, 1929
Location
Tampa, Florida (27.948, -82.458)

Metadata

Model
gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
27803135daeced3c

Response Measures

None

Description

Part of a group failure where state examiner took the Citizens Bank and subsidiaries into his hands; branches failed to open.

Events (2)
1. July 15, 1929 Run
Cause
Rumor Or Misinformation
Cause Details
Directors and officials blamed unwise gossip and public alarm after the appearance of the Mediterranean fruit fly, prompting withdrawals.
Newspaper Excerpt
the Bank of Ybor City, on which a run was made Monday
Source
newspapers
2. July 17, 1929 Suspension
Cause
Government Action
Cause Details
State bank examiner took the Citizens Bank (and its branches) into his hands and the depositories failed to open.
Newspaper Excerpt
Citizens Bank and Trust Company, a state institution, and nine subsidiary banking institutions, failed to open their doors today. Notice posted at the Citizens Bank by state bank examiner said the institution was in his hands.
Source
newspapers

Newspaper Articles (3)
1. July 17, 1929 Daily American Republic Poplar Bluff, MO
Article from Daily American Republic, July 17, 1929

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Article Text

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.

2. July 18, 1929 The Roanoke Times Roanoke, VA
Article from The Roanoke Times, July 18, 1929

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Article Text

(Continued From One.) lanta to Tampa said by federal officials have been der authorization the board of tablishment currency deposits Florida, one and one Miami, million dollars for quick use At Sarasota officials Bank and the Savings First Trust solvent there, closing the Trust Co. that "had Bank effect whatever" their Both under usual busitoday, they said. John Circus fame, chairman Bank Sarasota and the Savings and has behind fortune the Charles Ringling. brother. Another Bank Falls. July 17 late today failure Citizens Bank County, bringing financial their doors Florida the past weeks. The Frostproof had capital deposits and assets of Tampa, July First Trust the list of banks which Florida unaffected open usual. error was through information from comptroller's records Associated glad make this correction. Washington, July Federal Reserve thorized Miami and each which dollars kept for quick use by The board formerly had such depot Miami but Recently the Atlanta Federal Reserve Bank asked permission establish two depots Florida similar to those scatcountry to provide member banks quicker than from the reserve by Although members refused recent closing banks Florida, other officials pressed opinion more the people cause the fruit fly situation any fundamental wrong the Since the quarantine against the fly, was many people become alarmed and withdrawn their money the banks put in savings. pointed this general tended banks only by the be George Atlanta in ington He his in Florida was alarming. Tallahassee July 17 Ernest Amos tonight sued the following statement regarding recent bank failures state: "Propaganda, originated selfish circulated for several weeks the situation Florida was one the failures heavy some reaching the stage excited The general business depression. the fruit have break down confidence good of money banks, had today perhaps the largest history the the darkened hour that comes just dawn Property values still there has same and the ful who the the nancial "There has propafunds that should the ordinary channels trade people brought temple they change "With all these bank failures FlorIda money left banks some our sister instance the $750,000 was taken out the Citizens Bank Tampa in Volusia County Bank of Deland had $700,000 funds of secured under have carried them through the the bank of Ybor City two. closed Tampa today affiliated Citizens Bank Tampa and closing was made necessary account precautionary measConfiscation of fruit made impossible for their obligations the banks." States Senator Duncan address today pleadthe people the state discouraged but and cause ahead for never shoulder brighter today Speaking before the Exchange Club Fletcher that are shaking down to and unboundprogress but little way ahead TWO TRAINMEN engineer fireman Denver Rio Grande Western local killed persons slightly injured today the locomotive baggage left Barranca Hill, four per cent grade. The first practical attempt at eleccookery made England

3. July 18, 1929 Butler Daily Democrat Butler, MO
Article from Butler Daily Democrat, July 18, 1929

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Article Text

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.