Vero Beach Bank & Trust Company (Vero Beach, FL)

Episode Information

Episode UID
63032071546
Episode Type
Suspension → Closure
Bank Type
state
Bank ID
6303207 routing
Routing Number
63-0320
Start Date
October 1, 1928*
Location
Vero Beach, Florida (27.639, -80.397)

Metadata

Model
gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
f752f5cb26bc38c6

Response Measures

None

Description

Bank closed in October 1928 and placed in receivership January 1929; foreclosure/sales followed.

Events (3)
1. October 1, 1928* Suspension
Cause
Bank Specific Adverse Info
Cause Details
Bank had been closed since October 1928 indicating insolvency/financial failure leading to suspension.
Newspaper Excerpt
which has been closed since October.
Source
newspapers
2. January 29, 1929 Receivership
Newspaper Excerpt
Stewart is Appointed Vero Bank Receiver Word has been received that State Comptroller Ernest Amos has appointed Mr. T. Stewart of this city, receiver for the Vero Beach Bank and Trust Company, which has been closed since October.
Source
newspapers
3. May 3, 1929 Other
Newspaper Excerpt
NOTICE OF SPECIAL MASTER'S SALE ... A. Stewart, as Receiver for Vero Beach Bank and Trust Company ... will offer for sale, and sell at public outcry ... on the 3rd day of June, 1929.
Source
newspapers

Newspaper Articles (5)
1. January 29, 1929 Indian River Press Journal Vero Beach, FL
Article from Indian River Press Journal, January 29, 1929

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Article Text

Stewart is Appointed Vero Bank Receiver Word has been received that State Comptroller Ernest Amos has appointed Mr. T. Stewart of this city, receiver for the Vero Beach Bank and Trust Company, which has been closed since October. Mr. Stewart will be required furnish bond before taking over the affairs of the bank receiver. His appointment will meet with the general approval of those interested in the bank he auditor of experience and has the confidence of the people of the community. The giving benefit supper Thursday evening from at the school cafeteria, the proceeds of this supper be used to feed needy children. An enjoyable program music arranged.

2. May 3, 1929 Indian River Press Journal Vero Beach, FL
Article from Indian River Press Journal, May 3, 1929

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Article Text

NOTICE OF SPECIAL MASTER'S SALE NOTICE hereby given, that under and by virtue that certain final decree made and entered the 26th day the Barker, Judge the Nineteenth Honorable Judicial Circuit in and for the Florida, acting place of the Honorable Elwyn Thomas, Judge the Twenty-first Judicial Circuit and for the State of Florida, disqualified, that certain cause therein pending. in Chancery, wherein Stewart Receiver for Vero Beach Bank and Trust Company Flor. ida Vero Bank plainant, and Hotel Vero Company corporation of the of Florida, Hugh Clayton, M. Ear ling and Oliver Holmes, Trustee defendants, the signed, Special Masappointed cause, will offer for sell public the highes best bidder for cash hand. the front door of the Indian River County Court House the City Vero Beach. Florida, within the legal sale, on Monday. the 3rd day June, 1929. the following described property. situated in Indian River County. to-wit The North Half of Block 46 in the of Vero (now City of Vero Beach). Florida. the same is signated on the last general plat such City recorded in the office the Clerk the Court for the County Lucie and State of together with all buildings, improvements and appurtenthereto attached and thereunto belonging. and any and all buildings improvements and being erected and which after be erected thereon, including all lighting fixtures, gas and electric stoves, heating apparatus, shades. screens, and other fixtures and appliances attached such Buildings and thereto belonging. together rents, issues and profits which shall hereafter accrue from said subject to the claim of Hugh Clayton. pipe system of fire extinguishing apparatus described contract recorded Deed Book 15. page 243. Indian River County Florida records. Dated Vero Beach. Indian River County, Florida. this 3rd day of May, 1929. M. Merriman. Special in Chancery Vocelle & Solicitors for Complainant.

3. May 10, 1929 Indian River Press Journal Vero Beach, FL
Article from Indian River Press Journal, May 10, 1929

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Article Text

LEGAL NOTICES IN THE CIRCUIT COURT OF THE TWENTY-FIRST JUDICIAL CIRCUIT OF FLORIDA, IN AND FOR INDIAN RIVER COUNTY. IN CHANCERY. NOTICE OF MASTER'S SALE Case No. 799 GULF STREAM INVESTMENT M. H. HARMAN. et als., Notice is hereby given that under and by virtue of final decree in foreclosure entered on the 29th day April A. D. 1929, in that certain cause pending in the Circuit of Indian River County, Florida, wherein Gulf Stream Investment Company, Florida corporation, is and M. H Harman and Virginia Harman, his wife John Murray, if living and if dead. the heirs, other claimants under said John Murray deceased, and Helen G. ray, his wife, if living. and if dead, the heirs, devisees. grantees or other claim ants said Helen Murray, ed or Orel Myers, as Receiver of Palm Bench Bank and Trust Slaton & Throop. Inc. Florida corgensed or otherwise Marie if poration Michnel Jennings Thomas Holden, living. and if dead. the heirs, devisées, grantees other claim ants under said Thomas Holden, Jr., de living, and if dead, all the heirs, devisees grantees or other claimants under said Marie Jennings, deceased, or otherwise Edward McGiynn, if living, and if dead the heirs, devisees, grantees other claimants under said Edward McGlynn. deceased or otherwise: Hugh McGlynn. if living, and dead, all the heirs, grantees other claimants said Hugh McGlynn deceased otherwise: Nellie Collins, if living and if dend. all the heirs, devisees, grantees or claimants Nellie Collins, deceased or otherwise Boland, if living. and if dead, all the heirs, devisees, grantees other claimants under said deceased or otherwise: Lucy Rall. if living and if dead. all the heirs, granor other under said Lucy Rall, deceased or Walter Beers, if living. and if dead, all the heirs. grantees or other elaimants under said Walter A. Beers, deceased or otherwise and all claiming an interest the property are defend ants. will offer for sale and sell at public auction the Court House in the City of Vero Beach, County of Indian River and Florida, to the highest and best for cash. on the day of June, A. D. 1929. the same being legal sales day, during the legal hours of sale, the following described real property located in the C ounty of Indian formerly St Lucie County, and State of Florida towit: All of Government Lot One (1). Section Thirty-six (36) Township ty-nine (39). East. with all littoral rights appertaining: except acre in the North. east corner thereof described as fol. lows: "Begin the bank or bluff of the Atlantic Ocean on the North line said Lot One (1): thence run West Two Hundred Nine (209) feet; South 209 feet: thence East 209 feet the bank or bluff the Atlantic Ocean: thence run Northerly along said bluff the point beginning: which said excepted portion conveyed to George E. Dales by deed recorded in Deed Book 34, page 77. St. Lucie County Reeords. also except the North Fifteen (15) feet of said Government Lot One (1) Lot Twenty-four (24). Block Eight (8) of the recorded plat of Enos will be conveyed by quitelaim deed and not by warranty deed. The above described Lot One (1) being subject to the rights of the public in the alleys and ways as shown on the plat of Enos on file in the public records of St. Lucie CounFlorida. James T. Vocelle, Special Master in Chancery W. Coleman, 303 Guaranty Building. West Palm Beach, Florida. Solicitor for the Complainant. NOTICE OF SPECIAL MASTER'S SALE NOTICE is hereby given, that under and by virtue of that certain final decree made and the 26th day February, 1920. by the Honorable W Barker Judge of the Nineteenth Judicial Circuit in and for the state of Florida, acting in place of the Honorable Elwyn Thomas. Judge the Twenty-first Judicial Circuit and for the State of Florida, disqualified, that certain cause therein pending, in Chancery, wherein A. Stewart, as Receiver for Vero Beach Bank and Trust Company, Florida Corporation, to Vero Bank and Trust as is complainant. and Hotel Vero Company, corporation of the state of Florida. Hugh ling and C. Oliver Holmes. Trustee. defendants, the Special Mas. ter appointed in said cause. will offer for sale, and sell at public outery, the highest and best bidder for cash in hand. at the front door of the Indian River County Court House, the City Vero Beach, Florida, within the legal hours of sale. on Monday, the 3rd day of June, 1929. the following described property, situated in Indian River County to-wit: The North Half of Block 46 in the City of Vero City of Vero Beach). Florida. same designated on the last general plat such City recorded the office the Clerk of the Circuit Court in and for the County of St. Lucie and State of Florida: together with all buildings, improv and appurtenances thereto attached and thereunto belonging and any and all buildings. improvements and appurté now being erected and which may hereafter be erected thereon including all fixtures. and electric screens. and fixtures and appliances attached to such buildings and thereto belonging. together with all and profits which shall hereafter from said premises. subject to the claim of Hugh W. Clayton, with reference to the pipe system fire extinguishing apparatus described contract recorded Deed Book 15. page 243, Indian River County Florida records Dated Vero Beach. Indian County, Florida, this 3rd day of May 1929. Special Master in Chancery Vocelle & Mitchell, Solicitors for Complainant. NOTICE OF FORECLOSURE SALE TO WHOM IT MAY CONCERN Notice is hereby given that under and by virtue and sale rendered the Circuit Court in and for Indian River County, Florida, In Chancery, in cause therein pending. wherein Cary D. Landis. Bert Fish, D. Hull, Erskine W. Landis and Francis Whitehair late doing business under the firm name and style of Landis.

4. May 24, 1929 Indian River Press Journal Vero Beach, FL
Article from Indian River Press Journal, May 24, 1929

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Article Text

LEGAL NOTICES HEREBY That NOTICE virtue certain final under and by and entered on the 6th decree made 1929 in that certain day of wherein Bluff City corporcause E. is Complainar his wife, R. H. Weaver are Defendants, the and Special appointed will offer for sale and said outery to the highest and sell public at the front door best bidder House in Indian River the Court Vero FlorIda. County within in the the city legal day hours June, of sale, the third Monday legal sales day. the following 1929. same being property St. Lucie, situated County, in formerly Indian Florida to-wit: Lawson's corner Beginning at his line 80 (eighty) and then run South twenty rods run East Eighty (80) rods. then run North Twenty (20) then beginning and conrods to Ten (10) more or taining lot or parcel of land lying the of the Section Township South Range Thir (39) Tallahassee MeridThirty-two (32) acres more or less West of the of Section in Township Thirty (31) Seven Range Thirty (39) East South Eight acres more or less and Range Thirty Meridian having been acquired deed recorded in Book 25 from page of the public of Lucie Florida Also Northeast corner the above eight running thence North (8) West eighty four South four (80) rods. thence thence East eighty (80) rods the point of beginning. Containsale two acres ing said property being sold to satisfy said and 6th day of A D. Special Master in Chancery ants Attorney for Complainant. IN THE CIRCUIT COURT OF THE JUDICIAL CIRCUIT OF FLORIDA. IN AND FOR INDIAN RIVER COUNTY. IN CHANCERY. NOTICE OF MASTER'S SALE Case No. 799 STREAM investment April A D. H. HARMAN, et als., Notice is hereby given that under and virtue of certain final decree in foreclosure entered the 20th day of 1929. in that certain cause the Circuit Court of Indian pending County in Florida. wherein Gulf Stream Company Florida H and M Harman corporation and Virginia Y. Harman, his wife: John Murray if living and if dead. the heirs, devisees, grantees other claimants under said John Murray, deceased, and Helen Murhis wife. if living. and if dead, the grantees or other claimunder said Helen G. Murray, deceasreiver of Palm Beach Bank and Trust Company, Florida corporati Harman. & Throop. Florida ceased or otherwise: Marie Jennings, if poration Michael Jennings: Thomas living. and if dead. the heirs. devisees, grantees other claim under said Thomas Holden. Jr., Hying if dead. all the heirs, devisees. grantee other claimants under said Marie Jennings, deceased, or otherwise Edward McGlynn, if living. and if dead. the heirs, devisees, grantees or other claimants under said Edward McGlynn. deceased or otherwise Hugh McGlynn. living, and if dead all the heirs, deviother claimants under Hugh A. McGlynn. deceased otherwise Nellie Collins, if living grantees or other claimants under Boland, if living, and if dead. all heirs, or other claimants under said P. Boland, deand if dead. all the heirs, devisees, granor other claimants under said Lucy Rall, deceased or otherwise Walter Beers, if living and if dead, all the heirs grantees or other claimants said Walter A. Beers, deceased or otherwise: and all persons claiming an interest in the property herein, are defend will offer for sale and sell at public auction at the Court House the City of Vero Beach County Indian River and State Florida, to he highest and bidder for cash. on day of June, A. D. 1929. the ame being legal sales day. during the legal hours of sale, the following de- Nellie Collins, deceased scribed real property located in the ounty of Indian formerly St Lucie County, and State of Florida, to All of Government Lot One (1). Section Thirty-six (36) \Township Thirty-one (31 South, Range Thir ty-nine (39) East, together with all littoral rights thereunder appertaining: except acre the Northeast corner thereof described fol Begin the bank bluff the Atlantic Ocean the North line said Government Lot One (1): thence run West Two Hundred and Nine (209) feet: thence South 209 feet: thence East 209 feet to the bank bluff of the Atlantic Ocean run Northerly along said bank or bluff to the point of beginning which said excepted portion was conveyed to George E Dales by deed recorded in Deed Book 34. page 77. St. Lucie County Rec. ords also except the North Fifteen (15) feet of said Government Lot One (1). Lot Twenty (24) Block Eight (8) of the plat of Enos will be by quitelaim deed and not by warranty deed. The above described Lot One (1) being subject to the rights of the public in the streets, alleys and ways as hown on the plat of Enos file in the public records of St. Lucie CounFlorida James T. Vocelle, Special Master in Chancery. 303 Guaranty Building West Palm Beach, Florida. Solicitor for the Complainant. NOTICE OF SPECIAL MASTER'S SALE NOTICE is hereby given. that under and by virtue of that certain final decree made and entered on the 26th day February, 1920. by the Honorable W Barker Judge of the Nineteenth JudiCircuit in and for the state Florda. acting in place of the Honorable Elwyn Thomas, Judge or the Twenty-first Judicial Circuit in and for the State of florida, disqualified, in that certain cause therein pending. in Chancery, wherein Stewart, as Receiver for Vero Beach Bank and Trust Company FlorCorporation. to Vero Bank Trust Company, as Trustee. is com lainant, and Hotel Vero Company orporation of the state of Florida, Hugh Clayton. Andrew McAnsh S. M Ear- ter appointed in said cause, will offer sale, and sell at public outery, the highest and best bidder for cash in hand, at the front door of the Indian River County Court House, in the City of Vero Beach, Florida, within the legal hours of sale, on Monday, the 3rd day of June, 1929. the described property, situated in/Indian River County, to-wit: The North Half of Block 46 in the City of Vero (now City of Vero Beach) Florida, as the same is designated on the last general plat such recorded in the office of the Clerk of the Circuit Court and for the County of St. Lucie and State of Florida: together with all buildings, improvements and appurtenances thereto attached and thereunto belonging, and any and all buildings, improvements and now being erected and which may hereafter be erected thereon, including all lighting fixtures. gas and electric screens, and other fixtures and appliances attached to such buildings and thereto together with all and profits which shall hereafter accrue from said premises subject the claim of Hugh W Clayton. with reference to the pipe system of fire extinguishing apparatus as described in contract recorded in Deed Book 15. page 243 Indian River County Florida records Dated Vero Beach Indian River County, Florida. this 3rd day of May Special Master in Chancery Vocelle NOTICE OF FORECLOSURE SALE TO WHOM IT MAY CONCERN Notice is hereby given that under and by of decree of foreclosure and rendered in the Circuit Court in and for Indian River County. Florida, In Chancery, in cause therein pending wherein Cary D. Landis, Bert Fish, D. Hull. W Landis and Francis Whitehair late business under the firm name style of Landis. and Fred R. single defendant will sell at public outto the highest bidder. for cash, at the of the Court House in the City Vero Beach County and State during the legal hours of sale on Monday, the 3rd day of June, A. 1929. same being the first Monday in said month. the following described lands. situate. lying and being in the County Indian River and State Lot Eight (8). Block One (1) of Flag Point Government Lot Four (4). Section Thirty (30) Township Thirty-two (32) South, Range Forty (40) East, according to the maps and plats on file among the public records of the State of Florida James T. Vocelle, Special Master in Chancery Thomas J. Solicitor for Complainants.

5. June 24, 1932 Indian River Press Journal Vero Beach, FL
Article from Indian River Press Journal, June 24, 1932

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BUSTED BANKS AND PROFESSIONAL POLITICIANS Last week I published a series of advertisements for the definite purpose of creating comment and stimulating thought in the minds of the people of this county. Here are the REASONS and MY POSITION in this political fight in Indian River County. Many people outside of Vero Beach might wonder who I am and where I live- ! am a Florida cracker boy born in Duval county in 1901. I have lived every day for the past three years on the I old Pettibone Grove, which I own, west of Vero Beach. have been a member of a leading civic club of that city for two years. For the past eight years I have waged relentless war on the State Wide Political Machine of Ernest Amos. present Comptroller of Florida: Hit a man on the chin financially ONCE and he will grin and take it. Hit him TWICE. tell him it is an accident and he will take it. But hit him in the same place THREE times and you can't blame him for getting sore. Why should the same bank get in trouble three times? Mr. Amos is either too weak or he has built up such a powerful political machine that he can't control it. His army of Liquidators and Receivers take years and years to pay their first dividend (Vero Beach Bank and Trust Co. has paid four cents on the dollar since October, 1928). The people at last seem to be giving up in dispair because they seem to realize that all the meat is being removed from the carcus of what was once a bank. What Has This to Do With the Local Situation? First I want to clear up a matter. I make a public record here in black and white-that I do my own thinking and pay my own bills. I admire Eli Walker as a fearless, honest man, but he has no control or influence over me in the smallest degree. It is said I have harmed Douglas Baker by jumping into this fight. If this is true IT IS JUST TOO BAD. The chips will have to fall where they may. I am under no obligation to Douglas Baker and if he was any other man I would not be shaken from the principles I am fighting for as right. What Am I Fighting For In Indian River County? I am fighting to smash what I consider the biggest menace in Florida-namely a Political Machine originating in the Comptroller's office in Tallahassee and reaching its tentacles into every county in the state. There is usually one or more men in each county who are Amos' lieutenants in their respective locations, either appointed BANK RECEIVERS or COUNTY OFFICIALS who are UNDER OBLIGATION to Amos. Now, if the people of Indian River County believe Amos and his elaborate system built up over a sixteen-year period is all wrong- Why should they tolerate the very things at home which they register disapproval of in a state office? The PROFESSIONAL POLITICIAN and his AMOS CROWD composed of lawyers licking up fat fees out of the poor depositors' money under the name of 'Cost of Liquidation' and influential men laughing to themselves because they owe busted banks money and have succeeded in getting a receiver friendly to them appointed. These fellows must go- You people who lost your money think this over and let your ballot decide if there is any room in Indian River County for any part of this Amos Machine to remain in a strategic position to maybe reorganize again under another head. That strategic position in this particular case is the office of the Clerk of the Court. This is the information booth of the entire county. In other words this office is most valuable to the PROFESSIONAL POLITICIANS. Personally I like Miles Warren and think he is a good fellow, even if he did walk around two counties and blame my old Dad, whose name by the way is Joe L. Earman, for something he did not know a thing about, just to avoid this issue with me. Last week I asked a simple question in the paper. I have listened at the four speeches Miles Warren has made in the north end of this county this week. I have listened in vain for him to deny he was under obligation to Ernest Amos.