Bank of Pompano (Pompano Beach, FL)

Episode Information

Episode Type
Suspension → Reopening
Start Date
November 16, 1931
Location
Pompano Beach, Florida (26.238, -80.125)
Bank Type
state
Routing Number
63-0378

Metadata

Episode ID
Bank ID
City ID
120289162
Model
gpt-5-mini
Short Digest

Notes

Articles report a state examiner closure and suggest a likely temporary reopening tied to crop marketing, but no reopening is confirmed.

Events (2)
1. November 16, 1931 Suspension
Cause
Government Action
Cause Details
State banking examiner (Arthur Saarinen) found insufficient cash on hand and the bank was placed in charge of the state banking department.
Newspaper Excerpt
Bank of Pompano failed to open its doors for business this morning. A notice on the front door of the institution stated that Bank of Pompano has suspended business and now in the hands of the state banking department.
Source
newspapers
2. November 20, 1931 Suspension
Cause
Government Action
Cause Details
State comptroller's office/examiner found not enough cash on hand; article notes bank 'probably be opened when farmers begin to market their crops.'
Newspaper Excerpt
The Bank of Pompano ... failed open Monday after Arthur Saarinen of the State comptroller's office found not enough cash on hand.
Source
newspapers

Newspaper Articles (2)
1. November 16, 1931 Fort Lauderdale News Fort Lauderdale, FL

Article Text

POMPANO FAILS TO OPEN FOR BUSINESS

Now In Hands Of State Banking Examiner In Charge

CITIZENS OPTIMISTIC

Capital And Surplus Cashier Cates Has No Statement To Make

POMPANO, Nov. 16. Bank of Pompano failed to open its doors for business this morning. A notice on the front door of the institution stated that Bank of Pompano has suspended business and now in the hands of the state banking department. Arthur Saarinen, state banking examiin H. Cates. declined to make any official statement other than "the bank has suspended busito small amount of cash on hand and nothing definite be said until after the state bank examiner has checked our books and ascertained standing." No Disturbance There were no disturbances that usually accompany the closing of bank. Pompano businessmen and citizens went about their work usual. Farmers were out the fields getting their crops ready for early Mayor Williams, one of Pompano's leading business called upon the ple Pompano exert their most efforts in carrying business look dark today for Pompano," he said. "but two hurriPage

2. November 20, 1931 The Hollywood Herald Hollywood, FL

Article Text

POMPANO BANK IS SUSPENDED; WAS OPENED IN

The Bank of Pompano, depository for farmers in Florida's richest winter truck crop farming section, failed open Monday after Arthur Saarinen of the State comptroller's office found not enough cash on hand. According persons interested in the bank probably be opened when farmers begin market their crops on large Theodorus Bailey, Dania, heavy investor in Hollywood tax certificates, the The president thony, Jacksonville, and Cates, cashier. Deposits given loans surplus undivided profits, The bank capitalized for The bank, established in 1922, the oldest operated Brow. county bank and considered many as the strongest.