gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
5bdbefd5a4db6b76
Response Measures
None
Description
Suspension announced same day as run with intent to reorganize; no clear article showing final reopening or permanent closure.
Events (2)
1.July 2, 1926Run
Cause
Local Banks
Cause Details
Depositors rushed to withdraw after uneasiness caused by failure/suspension of nearby Buena Vista bank and other suburban closings.
Measures
Two squads of police dispatched; armored money truck sent from downtown bank; directors suspended operations.
Newspaper Excerpt
the Bank of Little River opened for business at 9 o'clock but was forced to close exactly an hour later due to a run.
Source
newspapers
2.July 2, 1926Suspension
Cause
Bank Specific Adverse Info
Cause Details
Directors cited outstanding loans they could not deliver and the need to readjust affairs as reasons for suspending operations.
Newspaper Excerpt
suspended operations here today. Outstanding loans on which they could not deliver were given by directors as reasons for suspension of activities.
Source
newspapers
Newspaper Articles (19)
1.July 2, 1926Brownsville HeraldBrownsville, TX
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FOUR FLORIDA BANKS CLOSED HOLLYWOOD, Fla., July 2 (AP)The bank of Dania closed shortly before ,noon today, following heavy withdrawals by depositors. I. T. Parker, vice president, announced a readjustment would be made immediately will enable the bank to re-open shortly. MIAMI, Fla., July 2.-Three - financial institutions in Miami suburbs, the Bank of Cocoanut Grove, the Bank of Buena Vista, and the Bank of Little River, suspended operations here today. Outstanding loans on which they could not deliver were given by directors as reasons for suspension activities.
2.July 2, 1926The Key West CitizenKey West, FL
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THREE MIAMI BANKS SUSPEND OPERATIONS DANIA INSTITUTION ALSO CLOSES DOORS TODAY FOLLOWING HEAVY WITHDRAWAL BY DEPOSITORS (By Associated Press) MIAMI, July 2.-Three Miami financial institutions, the Bank of Coconut Grove, the Bank of Buena Vista and the Bank of Little River, suspended operations here today. Outstanding loans on which they could not deliver were given by directors as reasons for suspension of activities. Both the Bank of Coconut Grove and the Bank of Buena Vista failed to open their doors, while the Bank of Little River opened for business at 9 o'clock but was forced to close exactly an hour later due to a "run." Uneasiness was felt by residents of that community regarding the failure of the Buena Vista bank nearby and at the opening hour an increasing crowd poured into the bank to withdraw deposits. Two squads of police were despatched to maintain order and an armored money truck from a large downtown bank was sent with a large amount, but directors chose to suspend operations. Officials of the Buena Vista and Coconut Grove institutions, both of limited capital and .resources, decided to suspend operations temporarily in order to readjust affairs and reorganize the banks on more extended and stable foundations, augmented possibly by Miami capital. The local officers of the Coconut Grove and the Buena Vista banks were said to have been compelled in carrying out their plans because of out-of-town control and the consequent lack of interest in both institutions by Miami capitalists and investors. Organization of the Bank of Coconut Grove was completed in March 1920 with a capital of $15,000. In February 1925 the capital was doubled and deposits totalled $1,010,000. The Bank of Buena Vista opened in October 1920 with a capital of $15,000. In July it had $1,500,31101 and 000 in deposits.
3.July 2, 1926The Shreveport JournalShreveport, LA
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BANKS AT FAIL 'RUN' CLOSES
One Closes Within Hour of Opening, After Heavy Withdrawals by Depositors
Continued from Page One suspended operations here today Outstanding loans on which they could not deliver were given by directors as reasons for suspension of activities. "Run" Closes Bank.
Both the Bank of Cocoanut Grove and the Bank of Buena Vista failed open their doors. while the Bank of Little River opened for business at the regular hour, but was forced to close exactly an hour later, due to somewhat spectacular "run." Uneasiness was felt by residents of that regarding the failure of the Buena Vista bank, near by, and at the opening hour an increasing crowd poured in to withdraw deposits. Two squads of police were dispatched to maintain order and an armored money truck from a large downtown bank was sent with large amount. but directors chose to suspend operations. Officials of the Buena Vista and Cocoanut Grove institutions, both of limted capital and resources, decided to suspend operations temporarily in order to readjust affairs and reorganize the on more extended and stable foundations, augmented possibly by Miami The local officers of the Cocoanut Grove and the Buena Vista banks were said to have been handicapped in carrying out their plans because of town control, and the consequent lack of interest in both institutions by Miami capitalists and investors. Organization of the Bank of Cocoanut Grove was completed in March. 1920, and the bank was opened with $15,000 capitalization In February, 1925, the capital stock was doubled, deposits totaling $1,010.000. J. R. Anthony, formerly of Jacksonville, headed the board of directors and acted in an advisory capacity with A. W. Sanders, of Cocoanut Grove. president. The Bank of Buena Vista opened on Oct. 19, 1921, with a capital stock of $15,000. enjoying a slow but steady growth. In July, 1925, when deposits totaled $1,500,000, the bank started work on threestory, $100,000 building. The officers included J. R. Anthony, as president, and John L. Grice, active vice president.
DOORS
Closed By Four Banks
In Suburbs of Miami, Fla., in Face of Runs.
Fifth Institution Weathers Heavy Withdrawals of Funds-Outside Loans Are Blamed.
Miami, Fla, July local banks suspended operations. financial institution at Dania closed its doors and Hollywood bank weathered heavy withdrawal of funds today. The Bank of Cocoanut Glove and the Bank of Buena Vista failed open for business and the Bank of Little River closed after run of hour. The Bank Dania, short distance from Miami, suffered simiwithdrawal of funds and ceased operations shortly before noon. same time Bank of Hollywood. also short distance this city Broward withstood brief The Bank of Buena Vista and the Bank of Cocoanut Glove. allied institutions. made the following separate announcements:
Working Plan. bank has decided suspend operations for the will, therefore. not open for business day. actuated in this cause desire its protect its depositors the fullest extent. Local citizens now plan and will announce details few days organinstitution speedy liquidation and to relieve the The bank of Buena Vista opened
October 19. 1920, with capital stock of $15,000, which had been raised $50,000. The officers clude Anthony. of President, and John Grife, Vice President. Officials nounce present deposits for either The bank Cocoanut Grove opened in March, 1920. with $15,000 capital. On March the bank italization and deposits taling Anthony head the Board Directors with Sanders President. The of Little River through President Teed announced the circumstances we felt advisable and desirable operations the present. The bank sound and good shape. have excess of $200,000 in cash vaults and reserve greater per not think the deposlose He intimated his intention of early President Parker, of the Dania. immediately after closing that readjustment would be made that would enable the bank reopen shortly meet all obligations. bank of precipitated after receipt news the bank closings, but was through the receipts of funds from Miami banks. The run subsided shortly noon. of the President George Miami Clearing House Association commenting the suspension of three suburban banks, declared that outside and loans outside responsible for the paper solely
5.July 3, 1926The Paducah SunPaducah, KY
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ANOTHER FEELS PRESSURE WITHDRAWALS
Officers Of Institutions Say Depositors Not Expected To Suffer
BANK OF HOLLYWOOD WEATHERS BIG RUN
Little River Bank Says It Has Over $200,000 In Cash
The Associated Press Miami, Florida, July local banks suspended operations, financial institution Dania closits doors and Hollywood bank weathered heavy withdrawal of funds today.' The of Coconut Grove and the bank of Buena Vista failed to open for business, and the bank of Little river closed after of an hour's duration. The bank of Dania, short distance from Miami suffered similar withdrawal of funds and ceased operations shortly before noon. At the same time the bank of also short distance north of this city in Broward county, withstood The Bank of Buena Vista and the Bank of Coconut Grove, allied institutions, made the following separate announcements. "The bank has decided to suspend for the present, and will not therefore open for busitoday. actuated in this cause by desire to conserve its and to protect its depositto the fullest extent. Local citizens now are working on plan and will announce the details few days to organize locally controlled institution for speedy liquidation and to relieve the situation." Had Started New Building The bank of Buena Vista opened October 19, 1920, with capital stock of $15,000, which has been raised subsequently to $50,000. In July 1925, when deposits totalled the bank started work building. The officers included Anthony, of Jacksonville, president, and John Griffe, vice-president. Officials declined to announce ent deposits for either institution. The bank of Coconut Grove openMarch 1920, with capital of On March 10 the bank $15,000. announced capitalization of and deposits totaling $1,605,977. R. Anthony headed the board of directors with W. Sanders as president. The bank of Little river, through President B. C. Teed, the circumstances we feel advisable and desirable to suspend operations for the present. The bank sound and good shape. We have in excess of $200,000 in cash in our vaults and reserve greater than forty per cent. police iately after closing that readjustdeclarown capital, thing of which few made than
6.July 3, 1926The TennesseanNashville, TN
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3 Miami Banks Stop Operations, Others Fear Run
(Continued From First Page) ened in March. 1920. with $15.000 capital. On March 10. the bank announced cabitalization of $30.000 and deposits totalling $1,605.977. R. Anthony headed the board of directors. with A. W. Sanders as president. The bank of Little River. through President B. C. Teed. announced: "In the circumstances we feel It advisable and desirable to suspent operations for the present. The bank is sound and in good shape. We in excess of $200.000 in cash in our vaults. and reserve greater than forty cent. do not think the depositors will lose He intimated his intention of effecting reorganization. At the opening hour crowd awaited entrance to the Little River Bank. and within an hour the number had increased mr makIng withdrawals. Two squadrons of police were dispatched to prevent disorder. and an armored truck bearing funds from Cown town banks was President T. Parker of the Bank of Diana immediately after closing that read. justment made that would enable the bank reopen shortly and meet all obligations The run of the bank of Hollywood was precipitated after receipt of the news of the previous bank closings. but was met through the receipt of funds from Miami banks. The run subsided shortly after when announced funds sufficient to cover every deposit.
7.July 3, 1926The Morning CallAllentown, PA
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BANKS CLOSE DOORS WITHDRAWAL OF FUNDS AFTER
Head of Clearing House Asso. Says Outside Control and Loans Responsible for Present Conditions— Depositors Protected, Heads Say
July local banks suspended operation, financial institution at Dania closed its doors and Hollywood bank weathered heavy withdrawal of funds toThe Bank of Coconut Grove, and the Bank Buena Vista failed business the Bank Little River closed hour's duration. The Bank Dania, short distance from funds ceased before noon. At the same time the bank short distance north of this city Broward County, brief run. of Buena Vista and the Bank allied made the following bank has decided suspend operations the and will, therefore, not open for actuated in this by desire protect its depositors the fullextent, local citizens are will announce the details in few organize locally controlled for speedy liquidation and to relieve the The Bank of Buena Vista opened October 1920, with capital stock $15,000, which has been raised $50,000. The officers include Anthony, head the board of direcwith Sanders, president. The Bank of Little River, through President Teed feel visable operations for the present. bank sound good We have excess of $200,000 in and forty per think the will He his intention of fecting an President Parker, the Bank Dania, immediately closing that readjustment would enable the bank reopen shortly and meet all obligations. The run the Bank of precipitated of the previous bank closings, but through receipt funds Miami Banks. The noon when ficers found funds sufficient to cover deposit President George Romfph 'of the Miami association commenting the suspension three suburban banks, that outside control loans outside paper solely responsible for the
8.July 3, 1926Chicago TribuneChicago, IL
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BAD LOANS CLOSE 4 STATE BANKS IN SOUTH FLORIDA
Miami, Fla., July local suspended operations, financial institution at Dania closed its doors, and Hollywood bank weathered heavy withdrawal of funds today. The bank Coconut Grove and the Bank Buena Vista failed open for business, and the Bank of Little River closed after run an hour's duration. The Bank of Dania suffered similar withdrawal funds ceased operations shortly before noon. At the same the The Bank of Buena Vista and the Bank of Coconut Grove they actuated in closing by desire its and to its to the fullest The Bank of Little River announced that sound and in good shape, and that had in excess of in cash in vaults reserve The Bank Dania that readjustment would be made that would enable to reopen. President George Romfh of the Miami clearing house, in commenting on the suspension of three suburban banks, declared outside control and loans paper solely responsible for the
9.July 3, 1926The Journal NewsHamilton, OH
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DOORS CLOSED BY FOUR BANKS OF MIAMI, FLA.
"Outside Control," Said To Have Been Cause Of "Embarrassment."
MIAMI, FLA., July 3-(AP) Three local banks suspended operations, financial institution nt Dania closed its doors and a Hollywood bank weathered & heavy withdrawal of funds Friday The Bank of Cocoanut Grove and the Bank of Buena Vista failed to open for business and the Bank of Little River closed after run of an hour. The Bank of Dania, a short distance from Miami, suffered a simi lar withdrawal of funds and ceased operations shortly before noon. At the same time the Bank of Holly wood, also a short distance north 0: this city in Broward County, withstood a brief run. The bank of Buena Vista opened on October 19, 1920, with capital stock of $15,000, which had been raised to $50,000 The officers in clude J. R. Anthony, of Jacksonville, President, and John Grife, Vice. Presndent Officials declined to an. nounce the present deposits for either institution The bank of Cocoanut Grove opened in March, 1920, with $15,000 cap: tal. On March 10 the bank announced capitalization of $80,000 and deposits totaling $1,605,977 J. R. Ar.theny headed the Board of Directors with A. W. Sanders as President President 1. T. Parker of the Donia, announced immediately after closing that a readjustment would be made that would enable the bank to reopen shrortly and meet all obli gations. The run on bank of Hollywood was precipitated after receipt of news of the previous bank closings. but W18 met through the receipts of funds from Miami banks
NO ISSUE OF THE DAILY NEWS MONDAY
Monday being Independence Day. there will be no issue of The Daily News.
10.July 3, 1926Hartford CourantHartford, CT
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Three Miami Banks Close Their Doors
Suspend Speedy Re-Organization Promised; Run on Hollywood Bank
Miami, Fla., July (Associated local banks suspended operations, financial Dania closed its doors and Hollywood bank heavy withdrawal of funds The Bank of Cocoanut the Bank Buena Vista failed to open for business, and the Bank of Little River closed after run an hour's duration. The Bank near Miami, suffered similar withdrawal funds and ceased the same time the Bank of noon. Hollywood, also near here, withstood brief run. The Bank of Buena Vista and the Bank of tions, made the following separate announcements: bank has decided to suspend operation for the present, and, not for business today. open actuated desire conserve protect its depositors the fullest Local citizens are plan and the few days, organize institufor and to lieve the Opened in 1920. The Bank of Buena Vista opened on which had been raised $50,000. Local officials declined to announce deposits either The Bank March. with $15,000 March the bank capitalization of $30,000 and deposits The Bank of Little River. through Teed have $200,000 vaults and reserve greatcent. think per will lose dollar. He intimated his intention of effectearly Parker the Bank Dania be made the bank shortly and meet The on Bank of Hollywood receipt of news precipitated the previous funds through The funds sufshortly ficient every deposit. Romfph of the President George clearing house commenting the suspension the banks, declared that outside burban paper solely responsible for the embarrassment.
11.July 3, 1926The Owensboro MessengerOwensboro, KY
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4 FLORIDA BANKS CLOSE DOORS IN MIAMI SUBURBS
(Continued From Page One) speedy liquidation and to relieve the stiuation." Present Deposits Not Announced. The Bank of Buena Vista open. ed October 19, 1920. with capital stock of $15,000. which has been raised subsequently to $50,000. In July, 1925, when deposits totalled $1,150,000 the bank started work on $100,000 building The officers included J. A. Anthony. of Jacksonville, president, Food for and John L. Grife, vice president. Officials declined to announce present deposits for either institution. The Bank of Coconut Grove opened March. 1920. with a capital of $15,000. On March 10, the bank announced capitalization of 4th $30,000 and deposits totaling $1,605,977. R. Anthony headed the board of directors with A. W. Sanders as president. The Bank of Little River, through President B. C. Teed, anDown 43c nounced: To-Lb. the circumstances we feel it advisable and desirable to suspend operations for the present The bank is sound and in good 25c shape. We have in excess of $200.000 in cash in our vaults and serve greater than forty per cent. 15c do not think the depositors will lose dollar." He intimated his intention of ef2 lbs. 21c fecting an early reorganization. To Crowd Awaits Opening 9c At the opening hour a crowd awaited to the Little 9c River bank an hour and within an hour the number had increased 23c for making withdrawals Two squadrons of police were dispatched to prevent. disorder. and an Down 25c armored truck bearing funds from To-Lb. down town banks was sent. President T. Parker, of the 9c Bank of Dania. announced im20c mediately after closing that readjustment would be made that would enable the bank to reopen shortly and meet all obligations. The run on the Bank of HollyGinger 2 Bots. 27c wood was precipitated after reAle ceipt of news of the previous bank Deposit. closings, but was met through the receipt of funds from Miami 20c banks. The run subsided shortly after noon when officers announc18c ed funds sufficient to cover every 55c deposit. Miami Banks Sound. Claim. President George Romfh, of the 49c Miami Clearing House associaSize--Doz. tion. in commenting on the suspension of three suburban banks. 75c declared that outside control and $1.00 loans on outside paper solely were responsible for the embarrass36c ment. "The banks of Miami today are 7c in an impregnable position,' Clark B. Davis, president of the 24c City National Bank and Trust company, declared, "Each of the downtown banks today is operating entirely on its own capital, a thing of which few banks in any part of the country boast. And although such condition is inconceivable, if there was demand of depositors made upon these banks we could pay every dollar of the liabilities faster than the depositors could carry it FATTY HARPER IE MARBLE WINNER
(Continued From Page One) and a boy marble shooter. The victory Willis Harper, of Bevier, Muhlenberg county, places him in the championship class entered recently by Miss Pauline Bell. Clarkson, Grayson county. Their homes are forty miles apart on an airline. Her home folks burned all the old straw hats in town when the thirteen year old girl out-spelled everything in sight at Washington in the National Spelling contest. via Harper is to get ride on the biggest fire truck in Owensboro, which city he represented in the marble tournament at Atlantic City, when he arrives there next week. There is telling yet what they will do for him when he reaches the mining town called home.
12.July 3, 1926Standard-SpeakerHazleton, PA
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FOUR FLORIDA BANKS CLOSED THEIR DOORS
MIAMI, Fla., July 2. (AP)-Three local banks suspended operations, a financial institution at Dana closed its doors and a Hollywood bank weathered a heavy withdrawal of funds today. The Bank of Cocoanut Grove, the Bank of Buenavista, the Bank of Little River and the Bank of Dania were the ones to cease operations. The run on the Bank of Hollywood was precipitated after weceipt of news of the previous bank closings, but was met through the receipt of funds from Miami banks.
CLOSED BANKS AFTER "RUNS" in Miami Suspend Operations.
INSTITUTION WITHSTANDS DEMANDS
Buena Vista, Coconut Grove, Little River and Dania Concerns Cease Business— Optimistic View Taken.
MIAMI, suspended operations, finaninstitution Dania closed weathered withdrawal funds today. The Bank of Coconut Grove and the Buena failed open for and the Bank of Little River after determined run of an duration. The Bank Dania, distance from Miami, suffered withdrawal funds and operations shortly before noon. same time the Bank of Hollyshort north city Broward county, withbrief The Bank Buena Vista and the Bank Coconut Grove, allied institumade the following separate has decided to suspend the present will, therefore, not open for business today. actuated in this cause by desire its to protect depositors the fullest extent. citizens working will announce the details in days, organize locally for speedy liquidaThe Bank Buena Vista opened on Oct. 1920, with capital stock $15,000, which has been raised subsequently $50,000. July, deposits totaled the bank work $100,000 buildThe officers included R. AnJacksonville, president, and Officials declined present deposits institution. The Bank of Coconut Grove opened March, 1920, with $15,000 capital. March 10 the bank cap. italization and deposits taling $1,605,977 R. Anthony the board of directors, with Saunders president. Bank of Little River, through Teed, circumstances, feel it advisable desirable to for present. The bank sound and shape. in of $200.000 in our vaults and reserve than 40 per cent. do depositors will lose dollar. He his intention of effecting an early hour crowd awaited the Little River bank and within hour number creased for withdrawals. squadrons of police dispatched to prevent and armored truck bearing funds downtown banks President Parker, of the Bank closing that would that enable the bank shortly meet all run Bank receipt news but of funds from cover every Romfh, Miami Clearing House association, commenting the suspension control loans paper soleresponsible for the banks of Miami today in Da president the National and declared. the banks today capital, which country boast. And, such is though there was demand of deposimade could faster than depositors could carry away.
14.July 3, 1926The Charlotte ObserverCharlotte, NC
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BANKS SUSPEND OPERATIONS TOWNS
Close Their Doors Following Heavy Run by Depositors. HOLLYWOOD WEATHERS
Two Banks Announce Closing in Order to Conserve Resources and Protect Patrons.
MIAMI, July Three local banks suspended operations, financial institution at Dania closed its doors Hollywood bank weathered heavy withdrawal funds today. The Bank of Cocoanut Grove, and the Bank of Buena Vista to open for business and the Bank of Little River closed after run of an hour. The Bank of Dania, short distance from Miami, suffered similar withdrawal of funds and ceased operations shortly before noon. At the same time the Bank of Hollywood, also short distance north of this city, withstood brief run. The Bank of Buena Vista and the Bank of Cocoanut Grove, allied Institutions, made the following separate bank has decided to suspend operations for the present and will therefore not open for business today. It is actuated in this cause by desire its and protect its depositors to the fullest extent. Local citizens now working on plan and will announce the details in few days to organize Institution for speedy liquidation and to relieve the situation." The Bank of Buena Vista opened October capital stock which had been raised to declined announce present deposits for either institu-
The Bank of Coconut Grove openMarch, 1920, with $15,000 capital. On March 10. the bank capitalization and deposits totalling board of with Sanpresident. AMPLE PROTECTION The Bank Little River, through President Teed announced: we feel advisable and desirable suspend operations the present. The bank and good shape We in excess vaults and greater than 40 per think the depositors will last
He intimated his intention of effecting President Parker of the Bank Dania, announced immediately after closing that readjustment
15.July 3, 1926Okmulgee Daily TimesOkmulgee, OK
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Florida Bubble Bursts For Three Miami Banks
Another Institution at Dania Ceases to Function While Hollywood Weathers Heavy Run
MIAMI. Fla., July Three local banks suspended ope rations, financial institution Dania closed its doors, and Hollywood bank weathere heavy withdrawal of funds today. The bank of Coconut Grove and the bank of Buena Vista failed open for business and the bank Dania, short distance from Miami, suffered similar withdrawal of funds and ceased operations shortly before noon. the same time the bank of Hollywood, also short distance north of this city, in Broward county, withstood brief Announcements Are Made The bank of Buena Vista and the bank Cocoanut Grove, allied Institutions, made the following separate "The bank decided to suspend operations for the present will therefore, not open for bustness today. actuated in this cause by desire to conserve resources and protect its depositors to the fullest xtent. Local citizens now are working plan and will announce the details in few days to organize locally controlled institution for speedy liquidation and to relieve the The bank of Buena Vista opened on October 19. 1920, with capital stock of $15,000, which had been raised to The officers include R. Anthony of Jacksonville, president, and John Grife, vice president. Officials declined to present deposits for either institution. The bank 0g Coconut Grove opened in March, 1920, with $15,000 capital. On March 10, the bank announced capitalization $30,000 and totalling 605,977. R. Anthony headed the board of directors with A. W. president. The bank Little River, through President B. C. Teed, announced: "In the circumstances we feel it advisable desirable to pend operations for the present. The bank sound and in good shap. We have in excess $200.000 in cash in our vaults and reserve greater than 40 percent, think the depositors lose dollar." He intimated his intention of starting an early reorganization. President Parker of the bank of Lania, announced imme diately after the closing that adjustment would be made that would enable the bank reopen shortly and meet all obligations.
TROOPERS ARE ACCUSED PHILADELPHIA, July Seventeen soldiers of the third United States cavalry, part of the contingent in camp Anthony Wayne the exposition here, today were held in $500 bond each. charge of having given liquor to girls who visited the camp,
16.July 3, 1926The Commercial AppealMemphis, TN
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THREE MIAMI BANKS SUSPEND OPERATIONS
One Hollywood Institution Withstands a Run.
MIAMI, Fla., July (AP) Three local banks suspended operations, a financial institution at Dania closed its doors and a Hollywood bank weather a heavy withdrawal of funds today. The Bank of Coconut Grove and the Bank failed to open for business, and the Bank of Little closed after run hour's duration. The Bank of Dania, short distance funds and before noon, at the same the Bank of also disthis Broward brief run. The Bank of Buena the Bank insti made the following separate bank has decided to suspend not a is actuated in this cause to its and to protect its deposite to the fullest Local citizens are working on nounce the details few days tion speedy and to reThe the Buena Vista opened on with capital tsock of $15,000. which has been raised quently $50,000. In July, 1925, bank started work on $100,000 buildThe included R. Anof and John president. cials declined to announce present deposits for institution. The opened in March, 1920, with $15,000 capital, March 10 the announced and deposits totaling $1,605,977 Anthony headed the of Sanders as president. The Bank Little River, through feel advisable and desirable to suspend the bank is sound in excess of in cash in our vaults and reserve than 40 per do the depositors his affecting an early re to River bank, and within an hour the number had dispatched to disorder. and an armored truck funds from was President Parker the Bank Dania. announced after would be made that would enable reopen shortly and meet all The on the Bank of Hollywood of of the previous bank closings was met through receipt of funds from Miami banks. The shortly when announced funds sufficient to every deposit.
17.July 3, 1926Ledger-EnquirerColumbus, GA
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BANKS THREE MIAMI CLOSE DOORS FRIDAY
MIAMI, Fla., July local suspended operations, a financial institution Hollywood at Dania closed bank weathered its doors and heavy withdrawal of funds The today. Bank of Cocoanut Grove and the Bank of Buena Vista failed to for business, while the bank of Little River closed after determined run of an hour's duration. The Bank of Dania, suffered similar withdrawal of funds before and ceased noon the operations same time shortly the bank of Holly wood, both short distance north of this city in Broward county, withstood The Bank brief of run. Buena Vista and the bank of Cocosnut Grove, allied institutions made the following separate "The bank has decided to suspend operations for the present and will, therefore, not open for business today. It is actuated in this cause by desire to conserve its and to protect its to the fullest extent. Local citizens now are working plan, and will announce the details in few days to organize locally controlled institution for speedy liquidation and to relieve the The Bank of Buena Vista opened on. October 1920, with capital stock of $15,000 which has been raised subsequently to $50,000. In July 1925. when deposits totailed $1,500,000 the bank started work on its $100,000 building The efficers included, R. Anthony of Jack. sonville, and Grice, vice president. Officials declined to announce present deposits for either institution The bank of Cocoanut Grove opened in March, 1920, with On March 10 the $15,000 bank capitalization Anthony was man the board of directors, with The Bank Little River, through the circumstances, felt advisable and desirable to suspend The operations for the bank sound in good shape. We have in excess of $200,000 cash in our vaults and reserve greater than forty per cent. not think the depositors lose dollar He intimated his intention of affecting an early reorganization.
18.July 3, 1926Tulsa WorldTulsa, OK
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IN BIG RUN
Three Miami Houses, One in Nearby Town of Dania Close Doors
ONE WEATHERS GALE
Bank of Hollywood Remains Open Despite Heavy Withdrawals
OFFICIALS ARE HOPEFUL
Head of One Institution Depositors Won't Suffer Dollar's Loss
MIAMI, local banks suspended operations, financial Institution Dania closed doors and Hollywood bank weathered heavy withdrawal of funds Friday. The Bank Cocoanut Grove and the Bank Buena Vista failed open for business, and the Bank Little River closed after hour's The Bank Dania, short distance from Miami, suffered funds ceased before noon. At time Bank also short tance north county. withstood brief run. Bank's Statement. The Bank Buena Vista and the made the following separate announcements: bank has decided to suspend operations for the present and therefore not open for business Friday. actuated this protect its depositors to the fullest extent. Local citizens out plan and announce the details few days organize locally controlled stitution for speedy liquidation and to relieve the situation. The Bank Buena Vista opened on October 1930, with capital stock which had been raised $50,000. The officers clude Anthony of president, and John Grife, president. Officials declined announce present deposits for either
Reopen Soon. The Bank Cocoanut Grove opened in March. 1920, with $15,000 capital. On March 10, the bank nounced deposits totaling R. Anthony headed the board of rectors with Sanders as president. The Bank of Little River, through President Teed. announced: circumstances we feeel advisable and desirable to suspend operations for the present. The bank sound and in good shape. have in excess of cash vaults and greater than think the depositors will lose dollar. He intimated his intention of offecting early President the Bank Dania the closing that readjustment would made that bank reopen shortly and meet all obligations.
19.July 3, 1926Florence Morning NewsFlorence, SC
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THREE
Two Others Encounter "Runs" After News of Triple Closing
July banks suspended financial institution its doors and Hollywood bank heavy funds today. The Bank of Coconut Grove Bank of Buena Vista failed to business, and the Bank of Little River closed after run of an hour. The bank of Dania, short distance from Bhann, suffered similar withdrawal of funds and ceased operations shortly before noon. At the same time the Bank of also short distance north of the city, withstood brief run. The Bank of Buena Vista and the Bank Cocoanut Grove, lied institutions, made the followseparate bank has decided to suspend operations for the present and will, therefore, not open for business today. actuated in this cause by desire to conserve its to protect depositors the fullest extent. Local citizens are working on plan, and will anthe details few days nounce organize institution for speedy liquidation the The Bank Buens Vista opOctober 19, with ened stock of which capital raised to $50,000. Bank of Cocoanut Grove The in March, 1920 with $25, opened March 10, the 000 capital. bank announced capitalization of $30 000 and deposits Bank of Little The President B. Teed anthrough circumstances feel the advisable and desirable operations for the present The bank sound and good We have in excess in cash in our vaults and reserve greater than forty not think the positors will lose dollar He intimated his intention of an early President Parker. of the Bank Dania, im mediately after that would made that adjustment would enable the bank reopen shortly and meet all The run on bank Hollv precipitated after news the but was bank closings. the receipt of funds through Miami The run from after noon when fficers announced they had funds sufficient to cover every deposit.
BURNED MACON covered shortly after destroved the bleachers Central home the Macon South Atlantic The obtained considerable headway fore being discovered.
Bank runs are almost always and everywhere a deterioration of bank fundamentals.
But not for you.
You are the measure-zero exception: great fundamentals, solid bank, and yet the Diamond Dybvig fairy spread its rumor. Depositors woke up. Your collateral was not prepositioned. The Clearinghouse had it for you.
Do not pass Go. Do not collect $200. Go directly to jail… or worse.
