First Bank & Trust Company (Lake Worth, FL)

Episode Information

Episode UID
63028071526
Episode Type
Suspension → Closure
Bank Type
state
Bank ID
6302807 routing
Routing Number
63-0280
Start Date
February 24, 1927
Location
Lake Worth, Florida (26.620, -80.059)

Metadata

Model
gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
22eff3eb5194a938

Response Measures

None

Description

State bank examiner later placed the closed Lake Worth bank in charge, indicating permanent suspension/closure.

Events (1)
1. February 24, 1927 Suspension
Cause
Local Banks
Cause Details
Closed amid a regional wave of bank failures and heavy withdrawals in Palm Beach county; perceived need to protect depositors.
Newspaper Excerpt
The First Bank and Trust Company...It closed its doors February 24, and is now in charge of Tomkins C Hawkins, state bank examiner
Source
newspapers

Newspaper Articles (19)
1. March 8, 1927 The Great Falls Leader Great Falls, MT
Article from The Great Falls Leader, March 8, 1927

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ARMORED CARS drawais by depositors in the past few weeks. More than 500 has been withdrawn from the bank from a peak of $13,500,000 deposits of several months ago. said The First Bank and Trust com. pany of Palm Beach is capitalized at $50,000 and has $100,000 ns sur plus and undivided profits. No rea son was announced for the closing but it is believed that the bank closed in order to forestall a run. The Northwood bank. which serves the northern part of West Palm Beach, is believed to have closed for the same reason Closing of the re-organized First Bank and Trust company of Lake Worth few weeks ago had apparently inspired depositors here to withdraw their accounts in large sums. Since the beginning of the Christian era less that 50 white lephants have been captured

2. March 8, 1927 Messenger-Inquirer Owensboro, KY
Article from Messenger-Inquirer, March 8, 1927

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PALM BEACH BANKS FAIL TODAY Runs Follow 3 on Other Banks of That Place WEST PALM BEACH, Fla., Mar. First Bank and Trust company of Palm Beach and the Norwood Bank and Trust company of West Palm Beach closed to today when the First American Bank and Trust company here failopen. Runs began three other Palm Beach banks. The First Bank and Trust company capitalized $50,000 and gives $100,000 as surplus and undivided profits. no reason for the closing but is believed that the bank closed in order forestall The Northwood bank, which serves the northern part the city, believed to have closed for the same reason. The closings followed closely upthe Cailure the re-organized First Bank and Trust company of Lake Worth few weeks ago which has inspired depositors withdraw their accounts here in sums. Police took charge of the crowds that gathered in front of the institutions and maintained order. Officials of the Citizens Bank nounced that an armored car had left Miami for West Palm. Beach bearing large sum of currency for Citizens Bank and the Farmers Bank and Trust company. ectors the First American stated that the bank was solvent, and would be opened after reorThe First American was capitalat $300,000 and statement sued this morning showed deposits of Reasons for closing the First American Bank were given by the officers as general conditions following the failure of three Palm Beacr Banks last June. the hurricanes, the continued depression in real estate, the upheaval of city affairs, the failure of the First Bank and Trust company in LakeWorth and continued large withdrawals in the few weeks.

3. March 8, 1927 Post-Bulletin Rochester, MN
Article from Post-Bulletin, March 8, 1927

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RUN FOLLOWS CLOSING OF PALM BEACH BANKS Story of Bursting of Florida Bubble Told In Financial Slump West Palm Beach, Fla., March 8. First American Bank and Trust company of Palm Beach and the Northwood Bank and Trust company of West Palm Beach closed their doors today when the First American Bank and Trust company here failed to open this morning. Runs began on three other West Palm Beach banks. Police took charge of the crowds that gathered in front of the institutions, and maintained order. Directors of the First American Bank and Trust company stated that the bank is solvent and would be opened after reorganization. The First American was capitalized at $300,000 and statement issued this morning showed: Loans and discounts $3,416,503: (cash in vault $58,255; cash in other banks $553,730; liabilities, bills payable, $1,140,000; deposits $2,982,787 The First American bank's officers said it had to be closed because of conditions following the failure of three Palm Beach banks last June, the hurricanes, the continued depression in real estate, the upheaval in the city affairs. the failure of the First Bank and Trust company few weeks ago in Lake Worth, and continued large withdrawals by depositors in the past few weeks. More than $10,500,000 has been withdrawn from the bank from peak of $13,500,000 deposits a few months ago, directors said. The First Bank and Trust company of West Palm Beach was capitalized at $50,000 and has $100,000 as surplus and undivided profits. No reason was announced for the closing, but it was given that the bank closed in order to forestall a run. The Northwood bank. which serves the northern part of West Palm Beach, is believed to have closed for the same reason.

4. March 8, 1927 Evening Star Washington, DC
Article from Evening Star, March 8, 1927

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THREE BANKS SHUT DOORS IN FLORIDA Two State Institutions in Illinois Also Suspend Business. By the Associated Press. WEST PALM BEACH, Fla., March 8.-Two banks here and one in Palm Beach failed to open for business today. Police took charge of the crowds that gathered in front of the institutions and maintained order. Officials of the Citizens Bank an nounced that an armored car had left Miami for West Palm Beach. bearing a large sum of currency for the Citizens Bank and the Farmers Bank and Trust Co. Directors of the First American Bank & Trust Co. stated that the bank is solvent and would be opened after a reorganization. The directors stated that they have more than a legal reserve on hand. Bank Issues Statement. The First American was capitalized at $300,000 and a statement issued this morning showed: Loans and discounts, $3,416,503.52 cash in vault, $58,255.35; cash in other banks, $553,730.85; liabilities, bills pay able, $1,140,000; deposits, $2,982,787.67. The First American Bank's officers said it had to be closed because of gen. eral conditions following the failure of two Palm Beach banks last June. the hurricanes, the continued depres. sion in real estate. the upheaval in city affairs, the failure of the First Bank & Trust Co., a few weeks ago in Lake Worth, and continued large withdrawals by depositors in the past few weeks. More than $10,500,000 has been withdrawn from the bank from a peak of $13,500,000 deposits a few months ago, directors said. Run Seemed Imminent. The First Bank and Trust Co. of Palm Beach is capitalized at $50,000. and has $100,000 as surplus and un. divided profits. No reason was announced for the closing, but it is believed that the bank closed in order to forestall a run. The Northwood Bank, which serves the northern part of West Palm Beach, is believed to have closed for the same reason. Closing of the reorganized First Bank and Trust Co. of Lake Worth a few weeks ago had apparently inspired depositors here to withdraw their accounts in large sums. Illinois Banks Closed. MENDOTA, Ill., March 8 (AP).-The Arlington State Bank. only bank at Arlington, near here, was closed today by the directors, who are awaiting examination of the books by the State auditor. Frozen assets were assigned for the closing of the bank, which had farmers mainly as clients. SPRINGFIELD, Ill., March 8 (AP).The Marbold State Bank at Greenview was closed today after a run started yesterday, when it was rumored that the bank had heavy holdings in the North Side Bank of Springfield, which closed last week. Bank examiners were in charge today.

5. March 8, 1927 The Winona Daily News Winona, MN
Article from The Winona Daily News, March 8, 1927

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Three West Palm Beach Banks Closed; Runs Begin on Two Other Financial Institutions West Palm Beach, Fla., March 8. -The First Bank and Trust Co. of Palm Beach and the Northwood Bank and Trust Co. of West Palm Beach closed their doors today when the First American Bank and Trust Co. here failed to open this n-orning. Runs began on two other West Palm Beach banks. Police took charge of the crowds that gathered in front of the Institutions, and maintained order. DIrectors of the First National Bank and Trust Co. stated that the bank is solvent and would be opened after a reorganization. The First American was capitalized at $300,000 and a statement issued this morning showed cash in vault. $58,255 cash in other banks, $553,730; liabilities, bills said it had to be closed because of general conditions follow ng the failure of three Palm Beach banks last June, the hurricanes. the continued depression in real-estate, the upheaval In the city affairs. the failure of the First Bank and Trust Co a few weeks ago in Lake Worth, and continued large withdrawals by depositors in the last few weeks. More than $10,500,000 has been withdrawn from the bank from peak of $13,500,000 deposits a few months age, directors said The First Bank and Trust Co of Palm Beach is cagitalized at $50,000 and has $100,000 as surplus and un divided profite. No reason was announced for the crosing but It is L'eved that the bank closed in order to forestall run. The Northwood bank, which serves the northern part of West Palm Beach, is believed to have closed for

6. March 8, 1927 The Richmond News Leader Richmond, VA
Article from The Richmond News Leader, March 8, 1927

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THREE FLA. BANKS CLOSE THEIR DOORS Continued From First Page. drawn from the bank from A peak of $13 deposits few months ago, directors Will Reorganize. Directors of the First American Bank and Trust Company today stated that the bank was solvent and would reopened after The directors stated that they have more than legal reserve on hand. The bank was closed for the protection of depositors, officers said. The First Bank and Trust of Palm capitalized at $50.000. and gives as surplus and profits. No reason was given for the but was believed that the bank closed in order to forestall The Northwood which serves the northern part of the city, is be lieved to have closed for the same The closing of the local Institutions follows closely upon the closing of the reorganized First Bank and Trust company at Lake Worth. few weeks and which inspired depositors to withdraw their accounts here in large The three other large banks in the city were experiencing determined runs filling the streets before the institutions. The crowds are Officials of the Citizens' bank announced that an armored was en from Miami for West Palm Beach bearing amount of curdestined for both the Citizens' the Farmers' Bank and

7. March 8, 1927 The Valdosta Daily Times Valdosta, GA
Article from The Valdosta Daily Times, March 8, 1927

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CROWDS MENACING REMAINING BANKS West Palm Beach Bank Passes Through Exciting Financial Period During Tuesday West Palm Beach, Fla., Mar. 8. (AP) -An armored car bearing $2,000,000 in currency, arrived here shortly after noon from Miami to prevent the closing of two local banks, following the closing of 3 other banks here today. Heavy withdraw. al of deposits in the three banks open continued into the early afternoon, and long lines of anxious persons prolonged the runs, although belief was expressed by bank officials that the impending closings had been averted by the speedy relief from West Palm Beach, Fla., Mar. 8 (AP) -The First Bank and Trust Company. of Palm Beach, and the Northwood Bank and Trust Company closed their doors this morning, followIng the failure of the First Amerito can Bank and Trust Company open this morning There Are Many Reasons. Reasons for closing the First American Bank was given by the officers as a general condition following the failure of three Palm Beach banks last June, the hurricanes, the continued depression in real estate. the failure of the First Bank & Trust Company few weeks ago in Lake Worth and the continned large withdrawal by depositors in the past few weeks More than $10,500,000 has been withdrawn from the bank from a peak of $13,500,000 deposits a few months ago. directors said. To Forestall Run. The First Bank & Trust Company of Palm Beach is capitalized at $50, 000 and gives $100.000 as surplus and undivided profits. No reason was given for the closing but it is believed that the bank closed in order to forestall a run this morning. The closing of the local institutions follows closely upon the closfug of the re-organized First Bank & Trust Company of Lake Worth, a few weeks ago. The two other large banks in the city are expecting determined runs with crowds filling the streets before the institutions Police are in charge of the crowds. which are orderly.

8. March 9, 1927 The Cincinnati Enquirer Cincinnati, OH
Article from The Cincinnati Enquirer, March 9, 1927

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ARMORED CAR Brings Relief To Banks Three West Palm Beach Institutions Close Doors. Depression Following Hurricane Is Attributed as Cause-Two Depositories Survive Runs. West Palm Beach, Florida, March (A. First Bank and Trust Company of Palm Beach and the Norwood Bank and Trust Company of West Palm Beach closed today, when the First American Bank and Trust Company, here, failed to open. Runs began on two other Palm Beach Police took charge of the crowds that gathered in front of the institutions and order. Officials of the Citizens Bank announced that an car had left Miami for West Palm Beach, bear. ing large sum of currency for the Citizens Bank and the Farmers Bank and Trust Company. Directors of the First American stated that the bank was solvent and would be opened at. ter reorganization. The First American was capitalized at $300,000 and statement issued this morning showed deposits of $2,982,787 Depression is Cause. Reasons for closing the First AmerIcan Bank were given by the officers general the failure of three Palm Beach banks last June, the the continued in real estate, the upheaval of city affairs. the failure of the First Bank and Trust Company in Lake Worth and continued withdrawals the past weeks The First Bank and Trust Company of Palm Beach is capitalized at $50,000 gives $100,000 as surplus and undivided profits. No reason was given for the closing but It believed that the bank closed in order to forestall The Northwood Bank, which serves the part of the city, is believed to have closed for the same The closings followed closely upon the failure of the reorganized First Bank and Trust Company of Lakeworth few weeks and which has to withdraw accounts here The Citizens' Bank and the ers' Bank and Trust survived and their usual closing hour custom, following the closing of three other banks. Mendota, III., March (A. Arlington State Bank. only bank Arlington, near closed by the Directors, examination of the books by the State assigned for the closing of the bank. Springfield, III., March 8 (A. P.) The Marbold State Bank, at Greenview, was closed today after run nored that the bank heavy holdAngs the North Side Bank of Springfield. closed last examiners were in charge to. day.

9. March 9, 1927 The Winchester Sun Winchester, KY
Article from The Winchester Sun, March 9, 1927

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The First Bank and Trust Company of Palm Beach and the Norwood Bank and Trust Company of West Palm Beach closed Tuesday, when the First American Bank and Trust Company. here, failed to open. Runs began two other Palm Beach banks. Police took charge of the crowds that gathered in front of the institutions and maintained order. Officials of the Citizens Bank announced that an armored car had left Miami for West Palm Beach. bearing a large sum of currency for the Citizens Bank and the Farmers Bank and Trust Company. Directors of the First American stated that the bank was solvent and would be opened at ter reorganization. The First American was capitalized at $300,000 and a statement issu yesterday morning showed deposits of $2,982 787 67. Depression is Cause. Reasons for closing the First American Bank were given by the officers as general conditions following the failure of three Palm Beach banks last June, the hurricanes, the continned depression in real estate, the upheaval of city affairs the failure of the First Bank and Trust Company in Lake Worth and continued large withdrawals in the past few weeks. The First Bank and Trust Company of Palm Beach is capitalized at $50,000 and gives $100,000 as surplus and undivided profits No reason was giv en for the closing but it is believed that the bank closed in order to forestali a run. The Northwood Bank, which serves the northern part of the city, is be lieved to have closed for the same reason. The closings followed closely upon the failure of the reorganized First Bank and Trust Company of Lake worth a few weeks ago and which has inspired depositors to withdraw their accounts here in large sums The Citizens' Bank and the Farm ers Bank and Trust Company survived prolonged runs and observed their usual 2 o'clock closing hour custom, following the closing of three other banks.

10. March 9, 1927 The Cincinnati Enquirer Cincinnati, OH
Article from The Cincinnati Enquirer, March 9, 1927

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ARMORED CAR Brings Relief To Banks Three West Palm Beach Institutions Close Doors. Depression Following Hurricane Is Attributed as Cause-Two Depositories Survive Runs. West Palm (A. First Bank and Company of Palm Beach and the wood Bank and Trust Company Palm Beach closed the American Bank and began on two other Palm Beach banks took charge of the that gathered in front of the tions and order Officials of the Bank nounced that an armored car had left Miami for West Palm bear ing large sum of for the Citizens and the Farmers and Trust Directors the First American stated that the bank solvent and would be opened ter The First American was capitalized at and Issued this showed deposits Depression is Cause. Reasons for closing the First Amer Bank were given by the officers general conditions following the failure of three Palm Beach last the the tinued real the of city the failure of the First Bank and Trust Company in Lake Worth and continued large withdrawals the past few weeks. The First Bank and Trust Palm Beach capitalized at and gives NB surplus and undivided profits No reason was given for the closing but It is that the bank closed in order to forestall the part the city, is beHeved to have closed for the same reason The closings followed closely upon the failure the First Bank and Trust Company of Lake worth few weeks and which has inspired depositors to withdraw their accounts here in large sums The Citizens' Bank and the Bank and Trust Company survived prolonged runs and observed their usual o'clock closing hour cus tom. following the closing of three other banks March (A. Arlington State only bank at Arlington near here, was closed by the are examination of the books by the Auditor assigned for the closing of the bank. March 8 The Marbold State at was closed today after started yesterday when it was mored that the bank had heavy hold ings in the North Side Bank Springfield. which closed last week Bank examiners were in charge day.

11. March 10, 1927 Rapid City Journal Rapid City, SD
Article from Rapid City Journal, March 10, 1927

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ized at $300,000 and statement issued this morning showed: Loans and discounts cash in vault $58,255; cash in other banks $553,730; liabilities, bills payable $1,140,000; deposits $2, The First American bank's officers said had to be closed because of general conditions following the failure of three Palm Beach banks last June, the hurricanes, the continued depression in real estate, the upheaval in the city affairs, the failure of the First Bank and Trust company few weeks ago in Lake Worth, and continued large withdrawals by depositors in the past few weeks. More than has been withdrawn from the bank from peak of $13,500,000 deposits few months ago, directors said. The First Bank and Trust company of Palm Beach is capitalized and has as surplus and undivided profits. No reason was announced for the closing but It believed that the bank closed in order to forestall run. The Northwood bank which serves the northern part of West Palm Beach, is believed to have closed for the same reason.

12. March 14, 1927 The Austin Daily Herald Austin, MN
Article from The Austin Daily Herald, March 14, 1927

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FAIL Fourth Institution Battle to Stave Off Ruin in Florida [By Associated Press] West Palm Beach, Fla., March Palm Beach county failed to open their doors today while another local financial institution sought to stave off severe run. The Farmers' Bank and Trust Company of West Palm Beach one of the largest banks in this section did not open today following night announcement by Reese, its president. that the closing of two local banks and Palm Beach bank last Tuesday had precipitated the action. Bank of Lake Worth and the Ocean City Bark of Delray did not morning. No reasons for their action were made separate public. state bank examiner assumed charge of the Delray institution. closing Lake Worth left that city without banks The Delray bank capitalized with deposits aggregating and the Lake Worth Bank had and their statement published July 1926. long men and women braved pelting intermittent there this morning in determined run on the Citizens' Bank Palm Beach.

13. March 14, 1927 The Bismarck Tribune Bismarck, Mandan, ND
Article from The Bismarck Tribune, March 14, 1927

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Three More Florida Banks Are Closed West Palm Beach, Fla., March 14. (AP) The First National Bank of Lakeworth failed to open its doors for business this morning. This leaves no banking institution in Lakeworth, the First Bank and Trust company having closed on February 23. The Ocean City Bank of Delray also failed to open today. T. C. Hawkins, state bank examiner, is in charge. The Farmers Bank and Trust .company, which withstood a run last week when three banks in the resort city closed, announced last night through T. E. Reese, president, the bank would not be open for business today.

14. March 14, 1927 Rapid City Journal Rapid City, SD
Article from Rapid City Journal, March 14, 1927

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More Banks of Florida Close Their Doors Now West Palm Beach, Fla., Mar. 14. (AP) First National Bank of Lake Worth failed to open Its doors for business this morning This leaves no banking institution in Lake Worth. the First Bank and Trust company having closed on February 23. The Ocean City bank of Delray, also failed to open to day Hawkins, state bank ex aminer, is In charge The Farmers Bank and Trust company, which withstood a last week when three banks In the resort city closed announced. last night through T. E. Reese, president, the bank would not be for business today A long line of men and women braved pelting, intermittent rain here this morning making determined run on the Citizens' bank of

15. March 14, 1927 Nashville Banner Nashville, TN
Article from Nashville Banner, March 14, 1927

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THREE OF FLORIDA'S BANKS CLOSE DOORS Delray, Lakeworth and West Palm Beach the Points Affected to Its & of ness this city and funds and of one had throng in the "Generally Good.' the national national in

16. March 14, 1927 Rutland Evening News Rutland, VT
Article from Rutland Evening News, March 14, 1927

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3 FLORIDA BANKS FORCED TO CLOSE Depositors Storm Institutions In Del Ray and Fort Worth. (By the Associated Press.) West Palm Beach, Fla., March 14.The Ocean City Bank of DelRay failed to open its doors today, making the third bank within a radius of 20 miles to close this morning. T. C. Hawkins, state bank examiner. is in charge. The First National Bank of Lake Worth failed to open its doors for business today. This leaves no banking institutions in Lake Worth. the First Bank and Trust Company having closed on February 23. The Farmers Bank & Trust Company which withstood run last week when three banks in the resort city closed. announced last night through T. E. Reese. president, that the bank would not be opened for busines today. Depositors Storm Banks. The DelRay bank was capitolized at $25,000 with deposits aggregating $1,669.850 and the Lake Worth bank had a cap. ital of $100,000 and deposits of $2,622,690. both in the last statements published in July 1926. A long line of men and women braved pelting intermittent rain this morning in determined run on the Citizens Bank of West Palm Beach. A sizeable crowd started forming an hour before its usual opening time and was augmented by the report that the Farmers Bank had been opened. Mild excitement prevailed while friends of the bank sought to talk with each person in the line in an attempt to influence all against withdrawal of funds. The line remained intact. Reports were circulated that an armored truck was enroute here with substantial financial aid from Miami banks.

17. March 14, 1927 The Daily Republican Poplar Bluff, MO
Article from The Daily Republican, March 14, 1927

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THREE MORE WEST PALM BEACH BANKS ARE CLOSED TODAY West Palm Beach, Fla., March 14. (AP) Palm Beach county banks failed to open their doors today while another local financial institution sought to stave off a severe run. The Farmers Bank and Trust Company of West Palm Beach did not open today following a midnight announcement by its president, that the closing of two local banks and a Palm Beach bank last Tuesday had precipitated the action. Simultaneously, the First National Bank of Lake Worth ond the Ocean City Bank of Delray did not open this morning. No reasons for their separate actions were made public. A long line of men and women braved a polting, intermittent rain here this morning in a determined run on the Citizens Bank of West Palm Beach. A sizeable crowd started forming an hour before its usual opening time and was augmented by the reports that the Farmers Bank had not been opened. The line remained intact, although a hard shower dispersed curious crowds which threatened at times to jam traffic at this intersection. West Palm Beach, Fla., Mar. 14.(AP)-The First National Bank of Lake Worth failed to open its doors this morning. This leaves no banking institution in Lake Worth, the First Bank and Trust Company having closed on February 23. The Farmers Bank and Trust Company, which withstood a run last week when three banks in the resort city closed, announced last night through T. E. Reese, president, the bank would not be open for business today. Ocean City Bank. West Palm Beach. Fla., Mar. 14.(AP) Ocean City Bank of Delray failed to open its doors today, making the third bank within a radius of 20 miles to close this morning. T. C. Hawkins, state bank examiner, is in charge.

18. March 15, 1927 The Vicksburg Post Vicksburg, MS
Article from The Vicksburg Post, March 15, 1927

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LAKE WORTH WITHOUT BANK LAKE WORTH Fla., March 15 Worth today is withthe first time since 1913. the First National rth announcing this morning with sign the doors to the effect that the bank closed for the protection of depositors The Bank of Lake Worth first to serve this city. expended in 1925 and operated under the name of the First Bank and Trust Company It closed its doors February 24. and is now in charge of Tomkins C Haw. "ine state bank examiner The closing of this hank was said to have precipitated withdrawal of deposits at the First National of this city and the suspension of the Farmers' Bank and Trust Company at West Palm Beach was announced. cause. the officers of the bank here to suspend for the protection of depositors

19. March 18, 1927 Tribune of Shelby Shelby, MT
Article from Tribune of Shelby, March 18, 1927

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GALATA Four tractors were sold this week to Jake Englin, Chris. Dorn, James Kinyon and Joe Peters, and Ed. MoIntyre purchased new truck last week. The trucks are hauling oil out to the Hunter lease, north of Galata. Mrs. J. Turner returned home last Sunday from Seattle where she spent the winter. Mrs. Hellenger from Devon was Galata visitor. Mrs. John Chandler entertained the Galata girls' basket ball team to dinner. All reported a good time. Ladies Sewing club met at Mrs. Reg gle Eltons. Mrs. John Cockrill has returned from Spokane. O. E. Drake has shipped in a carload of flour and feed. Two cars of hay were shipped in by the farmers north of town this week. C. Thurman was in for lodge meeting Wednesday. The First American bank' officers waid It had to be closed because general conditions following the ure of three Palm Beach banks last June, the hurricanes, the continued-de pression in real estate, the upheaval in the city affairs, the failure of First Bank and Trust company few weeks ago in Lake Worth, and continued large withdrawals by depositors in the past few weeks. More than $10,500,000 has been withdrawn the bank from a peak of $13,500,000 deposits a few months ago, directors said. The First Bank and Trust company of Palm Beach is capitalized at $60,000 and has $100,000 as surplus and undivided profits. No reason was announced for the closing but It is believed that the bank closed in order to forestall run. The Northwood bank, which serves the northern part of West Palm Beach is believed to have closed for the same reason. "Ted Bovum says he can't stand to see a woman stand in street car 80 he holds both eyes shut."