Highlands Bank & Trust Company (Sebring, FL)

Episode Information

Episode Type
Run → Suspension → Closure
Start Date
February 11, 1929
Location
Sebring, Florida (27.496, -81.441)
Bank Type
trust
Routing Number
63-0330

Metadata

Episode ID
Bank ID
City ID
120290806
Model
gpt-5-mini
Short Digest

Events (3)
1. February 11, 1929 Run
Cause Details
A silent and heavy run on the institution for the prior three weeks is reported; no specific trigger (rumor or correspondent failure) is given.
Measures
Directors closed the bank and posted notice; requested state comptroller to take charge.
Newspaper Excerpt
failed to open its doors this morning. The action was taken by directorate because of silent and heavy run on the institution for the past three weeks, notice posted on the door said.
Source
newspapers
2. February 11, 1929 Suspension
Cause
Government Action
Cause Details
Directors closed the bank and asked the state comptroller to take charge, effectively suspending operations.
Newspaper Excerpt
The Highlands Bank & Trust Company failed to open its doors this morning. The state comptroller was requested to take charge of the bank.
Source
newspapers
3. February 26, 1929 Receivership
Newspaper Excerpt
Bank receiver appointed SEBRING 26 (Special.) Former E. J. Etheredge of DeSoto City has been appointed receiver for the Highlands Bank & Trust by State Comptroller Ernest Amos.
Source
newspapers

Newspaper Articles (17)
1. February 11, 1929 The Times Hammond, IN
Article from The Times, February 11, 1929

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Article Text

EXTRA!

Ind., Feb. (I.N.S.) were inpersons stantly killed and a third seriously hurt when the Manhattan Limited of the Pennsylvania railroad demolished an automobile on grade crossing at Etna Green, 12 miles west of here this afternoon.

NEW YORK, Feb. City Trust company. Manhattan bank with four branches in the greater city and capitalization of $1,225,000 closed today by Frank H. Warder, superintendent of the state department of banking. Officials refused to comment.

MINES FIELD, LOS ANGELES, Feb. in her effort to smash the world's endurance record for women, Bobbie Trout, 23-year-old girl flier, returned to earth at 10:10:22 here today in her single motored Golden Eagle monoplane.

SEBRING, Fla., Feb. Highlands Bank & Trust Company failed to open its doors this morning. The action was taken by directorate because of silent and heavy run on the institution for the past three weeks, notice posted on the door said. The state comptroller was requested to take charge of the bank.

VILLA GROVE, III., Feb. (U.P.) Belief that body found in the C. and E. I. railroad reservoir here may be that of little Edith Mae Deardorf, 14-year-old news girl of West Terre Haute, Ind., who has been missing since January 25, was expressed by officials today.

BEVERLY HILLS. Cal., Feb. Marshal Neilan, noted motion picture director, was recovering today from the effects of carbon monoxide gas that nearly caused his death in the family garage here yesterday. His screen star wife, Blanche Sweet, discovered his plight and dragged him to safety.

HERCULES, Calif., Feb. Four men were believed to have been killed in an explosion which wrecked gelatine packing plant of the Hercules Powder company today. The building was used for packhun-

2. February 11, 1929 The Times Hammond, IN
Article from The Times, February 11, 1929

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Article Text

EXTRA!

Ind., Feb. (I.N.S:) were inpersons stantly killed and third seriously hurt when the Manhattan Limited of the Pennsylvania railroad demolished an automobile on grade crossing at Etna Green, 12 miles west of here this afternoon.

NEW YORK. Feb. (I.N.S.) The City Trust company, Manhattan bank with four branches in the greater city and capitalization of $1,225,000 was closed today by Frank H. Warder, superintendent of the state department of banking. Officials refused to comment.

MINES FIELD. LOS ANGELES, Feb. (I.N.S.) Triumphant in her effort to smash the world's endurance record women, Bobbie Trout, 23-year-old girl flier, returned to earth at here today in her single motored Golden Eagle monoplane.

SEBRING, Fla., Feb. Highlands Bank & Trust Company failed to open its doors this morning. The action was taken by the directorate because of a silent and heavy run on the institution for the past three weeks, notice posted on the door said. The state comptroller was requested to take charge of the bank.

VILLA GROVE, III., Feb. (U.P.) Belief that body found in the C. and E. I. railroad reservoir here may be that of little Edith Mae Deardorf, 14-year-old news girl of West Terre Haute, Ind., who has been missing since January 25, was expressed by officials today.

BEVERLY HILLS, Cal., Feb. Marshal Neilan, noted motion picture director, recovering today from the effects of carbon monoxide gas that nearly caused his death in the family garage yesterday. His screen star wife, Blanche Sweet, discovered his plight and dragged him to safety.

HERCULES, Calif., Feb. Four were believed to have been killed in an explosion which wrecked gelatine packing plant of the Hercules Powder company today. The building was used for packing dynamite and hundreds of cases of the explosives.

3. February 11, 1929 The Dayton Herald Dayton, OH
Article from The Dayton Herald, February 11, 1929

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Article Text

Bank Fails to Open

SEBRING Fla., Feb. 11-The Highlands Bank and Trust company failed to open its doors this morning. The action was taken by the directorate because of a silent and heavy run on the institution for the past three weeks. notice posted on the door said The state comptroller was requested to take charge of the bank.

4. February 11, 1929 Wilkes-Barre Times Leader, the Evening News Wilkes-Barre, PA
Article from Wilkes-Barre Times Leader, the Evening News, February 11, 1929

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SCHUYLKILL SCHOOL DIRECTORS ARE OUSTED

Feb. Blythe schools, were ousted day from office decree of the County Judge Hicks declared that the directors had illegal contracts and Daniel Richard Edwards, Patrick Doyne and Thomas O'Neil.

FLORIDA BANK CLOSES

Sebring. Fla. Feb. Highand Trust company open doors The action was the directorate because heavy the for past three notice posted door The State quested to take charge of the

5. February 11, 1929 New Castle News New Castle, PA
Article from New Castle News, February 11, 1929

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Florida Bank Fails To Open Its Doors

(International News Service)

SEBRING, Fla., Feb. 11.—The Highlands Bank & Trust Company failed to open its doors this morning. The action was taken by the directorate because of a silent and heavy run on the institution for the past three weeks, a notice posted on the door said. The state comptroller was requested to take charge of the bank.

6. February 11, 1929 The Times Streator, IL
Article from The Times, February 11, 1929

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TRIAL OF JUNK DEALER DELAYED venue from Taking Police W. Bean to the court of Justice Peace J. N. the hearing of Amos charged with violation of ordinance governing junk the continued until Thursday of this week Mossell facing two separate as result of statements made by two local youths, arrested some time ago for stealing copper wire from the Public Service Co.

BANK FAILS.

SEBRING Fla., Feb. IL-The Highlands Bank & Trust Company failed to open Its doors this morn ing. The action taken by the directorate because of a silent and heavy run on the Institution for the past three weeks, notice post ed on the door said, The state comptroller was requested to take charge of the bank.

7. February 11, 1929 Telegraph-Forum Bucyrus, OH
Article from Telegraph-Forum, February 11, 1929

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BANK FAILS TO OPEN

SEBRING, Fla., Feb. 11 Highlands Bank and Trust Company failed to open its doors this morning The action was taken by the directorate because of silent and heavy run on the institution for the past three weeks, notice posted on the door said. The state comptroller was requested to take charge of the bank.

8. February 12, 1929 Tallahassee Democrat Tallahassee, FL
Article from Tallahassee Democrat, February 12, 1929

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BANK AT SEBRING SUSPENDS TODAY

SEBRING, Fla., Feb. 11.-INS -The Highlands Bank and Trust Company failed to open its doors this morning. The action was taken by the directorate because of a silent and heavy run on the institution for the past three weeks, 80 the notice posted on the door said. The state comptroller was requested to take charge of the bank.

9. February 12, 1929 The San Francisco Examiner San Francisco, CA
Article from The San Francisco Examiner, February 12, 1929

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Sebring, Fla., Bank Closes to Block Run SEBRING (Fla.). Feb. 11.-(INS) The Highlands Bank Trust Co. failed to open its doors this morning. The action was taken because of silent and heavy run on the institution for the past three weeks, notice posted on the door said. The State comptroller was requested to take charge.

10. February 12, 1929 The Lima News Lima, OH
Article from The Lima News, February 12, 1929

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SEBRING BANK CLOSED SEBRING

Fla., Feb. 12The Highlands Bank & Trust Co. failed to open its doors this morning. The action was taken by the directorate because of silent and heavy run on the institution for the past three weeks, notice posted on the door said. The state comptroller was requested to take charge of the bank.

11. February 12, 1929 The Omaha Morning Bee-News Omaha, NE
Article from The Omaha Morning Bee-News, February 12, 1929

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Run Forces Bank to Close Its Doors SEBRING. Fla., Feb. Highlands Bank and Trust Co. failed open its doors Monday morning silent and heavy run on the institution for the past three notice on the door said.

12. February 12, 1929 Times Record News Wichita Falls, TX
Article from Times Record News, February 12, 1929

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Florida Bank Fails To Open For Business

SEBERING, Fla., Feb. 11 (INS) -The Highlands Bank and Trust company failed to open its doors this morning. The action was taken by the directorate because of a silent and heavy run on the institution for the past three weeks a notice posted on the door said The state comptroller was requested to take charge of the bank.

13. February 27, 1929 The Tampa Tribune Tampa, FL
Article from The Tampa Tribune, February 27, 1929

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Senate Denies Extension Of Indian Bureau Probe

WASHINGTON, Feb. The senate refused today to grant thority for continuation of an investigation of the bureau of Indian affairs and to set aside an additional $15,000 for its expenses. Despite vigorous plea by Senator Wheeler, democrat, Montana, who urged adoption of two resolutions to carry on investigation, objection to their adoption was made by Senator Fess, republican. Ohio, and under the rule the measures went over. Senator Wheeler charged that there been "determined effort" by Commissioner Burke of the Indian bureau to "stop the investigation ever since it began.

BANK RECEIVER APPOINTED SEBRING 26 (Special.) Former E. J. Etheredge of DeSoto City has been appointed receiver for the Highlands Bank & Trust by State Comptroller Ernest Amos.

14. September 23, 1932 The Tampa Tribune Tampa, FL

Article Text

Depositors Name Group To Advise Bank Receiver

AVON PARK, Sept. 22.-(Special.) Rejecting a proposal for transfer of assets of the Highlands Bank & Trust company, Sebring. to a trustee. a depositors meeting yesterday afternoon voted to name committee of three to advise with the receiver. E. J Etheredge in matters of disposal of assets. The idea, one of the suggestions laid before the meeting by the receiver. was first advocated during the recent primaries by J. M Lee. democratic nominee for compC. Barrow. J. M. Berriman and C. F. Saunders. all large depositors. were named on the committee. The committee will have no legal standing but Receiver Etheredge said he would be guided largely by the committee.

15. May 18, 1933 Tampa Bay Times St. Petersburg, FL

Article Text

TRIAL OF HIGHLANDS BANKER SET JULY

Judge W. Barker today denied motions to quash charging Skipper, former Sebring with larceny, and of $45,000 from the Highlands bank, which April 21. The bank operating under conThe court reversed ruling petition change set Skipper's trial for The grand today returned another indictment charging Skipper Etheridge, former state who until recently was ceiver the closed Highlands Bank and Trust company, with ment conversion property of the bank. Two indictments charging wilful misapplication bank funds turned against Lien, president of the County

16. May 19, 1933 The Tampa Times Tampa, FL

Article Text

Trial of C. A. Skipper On Bank Fraud Charge Will Be Held July 6

Sebring. May 19.-Circuit Judge W. Barker has denied motions 10 quash indictments charging A. Skipper Sebring banker. with and secretion of $45,000 from the Highlands County bank which suspended April 21. The bank now operating under conservator The court also refused ruling on petition for change of venue and set Skipper's trial for July Two indictments charging wilfut misapplication of bank funds also were returned against E. Lien, president of the Highlands county bank Teh grand jury indicted Constable H. E. Franklin. of Venus, with embezzlement of county funds. and recommended to the governor that he remove Franklin from office. The grand jury today returned another indictment charging Skipper and E. Etheridge, former state senator until recently cashier for the closed Highlands bank and Trust company with and conversion of note. property of the

17. July 21, 1933 The Tampa Times Tampa, FL

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7 STATES GET ROAD FUNDS

Plans for Spending $73,482.478 Are Approved

The public works administrator yesterday approved plans for spending $73,482,478 on roads in seven states preliminary to early consideration of non-federal construction projects expected to aggregate almost 000 Secretary the public works administrator, said he had completed drafting recommendations for appointment of regional and state advisers to handle the public works advances to states and municipalities and ready to submit them to President Roosevelt for final approval. The bulk of the public works program. for which almost half of the $3,300,000.000 fund has been set aside to finance local governmental construction, has been held up pending the appointment of the regional advisers. President Roosevelt probably will approve the selections within a day or two. The road plan approvals today brought up to the portion of the located to such which has been passed upon by the

Works Administration and the Bureau of Public Roads. Approval previously had been given to plans of 24 states for spending approximately

The states which obtained action yesterday were Texas, Nesas, and New Mexico.

TO PAY DIVIDEND.

Sebring. July 21.-Depositors of the closed Highland County Bank will receive immediately 15 percent dividend, Conservator E. S. Martin has announced. The dividend authorized by Comptroller The suspended deposits 000.