Hollywood Bank & Trust Company (Hollywood, FL)

Episode Information

Episode UID
63038571519
Episode Type
Run Only
Bank Type
state
Bank ID
6303857 routing
Routing Number
63-0385
Start Date
July 2, 1926
Location
Hollywood, Florida (26.011, -80.149)

Metadata

Model
gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
c772f835b1b4c58b

Response Measures

None

Events (1)
1. July 2, 1926 Run
Cause
Local Banks
Cause Details
Run was triggered by news of nearby suburban bank closings (Coconut Grove, Buena Vista, Little River, Dania).
Measures
Received funds/assistance from Miami banks and clearing house to meet withdrawals.
Newspaper Excerpt
The run on 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.
Source
newspapers

Newspaper Articles (13)
1. July 3, 1926 The Cincinnati Enquirer Cincinnati, OH
Article from The Cincinnati Enquirer, July 3, 1926

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DOORS Closed By Four Banks In Suburbs of Miami. Fla., in Face of Runs. Fifth Institution Weathers Heavy Withdrawals of Funds-Out side Loans Are Blamed local banks suspended operations. institution at Dania closed its and Hollywood bank withdrawal of weathered heavy today The Bank of Cocoanut Glove and the Bank of Buena Vista for business the Bank of open and Little River closed after of an hour. The Bank short suffered lar funds and ceased before noon At operations shortly the same time the Bank of Holly short distance north of also Broward with this city brief of Buena Vista and the The Bank allied of made the following Working on the for business in cause by its and depositors to the fullest Local citizens now are work and announce the on details few locally and to the liquidation The bank of Buena October 19. capital stock had been raised to The officers in of Jacksonville and President Officials declined to nounce the present The bank Grove with $15,000 March 10 the bank cap italization of and deposits to R. Anthony head taling the Board Directors with A. Sanders as The bank of Little River through the circumstances we felt advisable and suspend operations for present The sound and We excess in in in vaults and than per think the He intimated his of of the after that readjustment be made that would the bank reopen and all The run of precipitated of the bank but was previous the receipts of funds met through Miami The run subsided shortly President George of Miami commenting declared that three control and loans on outside responsible for the paper solely were

2. July 3, 1926 The Paducah Sun Paducah, KY
Article from The Paducah Sun, July 3, 1926

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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

3. July 3, 1926 The Tennessean Nashville, TN
Article from The Tennessean, July 3, 1926

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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.

4. July 3, 1926 The Greenville News Greenville, SC
Article from The Greenville News, July 3, 1926

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Three Banks Of Miami Close As Result Of Runs Hollywood Institution Withstands Run-Declared In Good Condition. DEPOSITORS NOT TO LOSE July suspended local financial institution at Dania clos. ed its doors and Hollywood bank weathered heavy withdrawal of funds today. The Bank of Cocoanut Grove, and the Bank of Buena failed open for the Bank of Little River run of an hour. The Bank of Dania. short distance from suffered similar withdrawal of funds and ceased operations shortly before noon. At the same time the Bank of Holls wood. also short distance north of this city. withstood a brief run. MAKE STATEMENTS The Bank of Buena the Bank of Cocoanut allied institutions. made the following sep. arate "The banks has decided to suspend operations for the present and will therefore, open for business today It is actuated in this cause by desire its and to protect its depositors to the fullest extent. Local citizens now are working plan and announce the details few days to organize locally controlled Institution for speedy liquidation and to relieve the The Bank of Buena Vista opened October 1920. with capital stock of which had been raised to ADVISABLE STEP The Bank of Cocoanut Grove opened in March 1920. with $15,000 capital. On Mach 10. the bank announced capitalization of 000 and deposits totalling The Bank Little through President B. C. Teed announced "In the circumstances we felt it advisable and desirable to suspend 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 40 per cent. do not think the depositors will lose a dollar.

5. July 3, 1926 Asheville Citizen-Times Asheville, NC
Article from Asheville Citizen-Times, July 3, 1926

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THREE BANKS SUSPEND Hollywood Bank Weathers Heavy Withdrawal Of Funds MIAMI July banks suspended operations financial institution Dania closed Its doors and Hollywood bank heavy drawal of funds today The of Grove the Bank of Buena failed to for and the Bank of after of an bank Miami. similar with of and ceased operations shortly before noon the same time. Bank Holly also short north of this brief The Bank of Buena Vista and the made the following "The bank has decided to for present and will therefore, not business today. It actuated in this cause by desire to and depositors the Local plan and will the tails in few organize locally for speedy liquidation and to relieve the The of Buena Vista opened capital of $15,000 raised $50,000. Officials declined present deposits for either The Bank Cocanut Grove opened in March 1920 $15.On March 10. the of $30,000 and totalling Bank Little River, through President B. Teed announced: we feel it advisable and desirable suspend operations for the present. The bank is and We of cash in vaults and 40 per do not think the depositors will dollar. He intimated his intention of effecting an President Parker of the of Dania, announced Immediately that adjustment be made that would enable the to reopen shortly and meet all The run on the Bank of Hollywood precipitated after reecipt of funds from Miami banks The run shortly after noon they had funds sufficient to cover George Romfh of the Miami Clearing House in commenting on the suspension of three suburban banks, declared that and loan. on sible for the embarrassment.

6. July 3, 1926 Courier-Post Camden, NJ
Article from Courier-Post, July 3, 1926

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Runs on Miami Banks Close Doors of Four And Menace Others Suburban Institution's Victims of Wave of Unrest and Bigger Concerns Are Called for Relief; Reassuring Statements Issued After Crisis By United News Miami, July wave of unrest. spreading rapidly among depositors of small banks of this vicinity following the failure of two suburban institutions to open their doors for business had resulted tonight in the closing of two others and another successfully withstood a heavy Unable longer to: bear heavy burdenu paper on they could not realize, the Bank of Cocoanut Grove and the Bank Buena Vista, allied Institutions, failed to open their doors today. The news swept the suburbs of MIaml like wildfire, and soon long line of depositors had formed in front of the little Bank. in the same section. Caught unprepared to meet such critical situation, this little bank was soon forced to close its doors. Fearing for the security of their funds, depositors of the Dania Bank began rush upon it. Paying out until its limited supply of cash was hausted, this bank, too, closed its doors. Within few hours muttering crowd began gathering in front the Bank of Hollywood, several miles of the city By this interests had come to the aid of ing the small institutions and the Holly. wood Bank the heavy run. The Cocoanut and Buena Via. ta Banks, according to by officers. probably will reopen after reorganizations The future of the others is Heads large banking institutions of Miami, fearing would spread to their depositors. hastily gave out that these banks were in sound condition and It is believed the crisis has been passed. Tampa Newspaper Suspends In Sale to Competitor Tampa. of the Tampa Morning Telegraph. which was established last October. to the Tampa Morning was announced today by O. Stovall. president and editor of the former. The price reported In the of $125,000. All mechanical of the Telegraph was included the transfer. Tomorrow's issue will be the Telegraph's last Only two dailies. with the exception of Spanish American paper, remain In the Tampa field. The Tampa Evening Globe pended publication few weeks

7. July 3, 1926 Bristol Herald Courier Bristol, TN
Article from Bristol Herald Courier, July 3, 1926

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QUARTET FLORIDA BANKS SUSPENDED banks suspended financial institution closed its doors bank weathered heavy withdrawal of funds today The Bank of Cosoanut Grove and the Bank Buena failed open for business Little River after run an hour The Bank short distance from Miami, suffereda similar withdrawal of funds and ceased before noon. same time the Bank of Hollywood short distance nuorth this withstood run The run on the Bank of after of the closings was the receipt funds from Miami banks The subsided shortly after noon announced they had funds sufficient to carry every

8. July 3, 1926 Blackwell Journal-Tribune Blackwell, OK
Article from Blackwell Journal-Tribune, July 3, 1926

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FLORIDA BANKS FORCED TO CLOSE Three Miami Banks Are Among Number Compelled To Suspend local banks suspended operations, institution Dania closed its doors and bank heavy withdrawfunds Bank Grove and the Bank of Buena Vista failed for and the Bank Little River closed after hours' duration. The Bank Dania, short distance from Miami suffered similar withdrawal funds and ceased operations shortbefore noon. At the same time Bank of Hollywood, also short distance north of this city in Browcounty, withstood brief run. The Bank of Buena Vista and the Bank Cocoanut Grove, allied institutions, made following separate bank deceided to susoperations for present will therefore, not open business today. actuated this cause by desire conserve resources and protect its depositors the fullist extent. Local are plan and announce the few days to organize locally controlled for liquidation and to relieve Then Bank of Buena Vista openOctober 1920, with ital stock of $15,000, which been raised to $50,000. The officers include Anthony, of Jacksonville, president, John Graife, vice president. Officials declined present deposits for either institution. The Bank Cocoanut Grove March 1920 with $15,000 capital. On March 10, the bank announced capitalization of $30,000 and posits Anthony headed the board of directors with W. Sandpreseident. The Bank Little River, through President C. Teed, anthe circumstances, we feel advisable desirable suspend operations for the present. The bank is sound and in good shape. We have in excess of cash in our vaults and reserve greater than forty per cent, and do not think the depositors will dollar.' He initmated his intention effecting an President the Bank Dania, announced after the closing that readjustment would be made that would able to reopen shortly and meet all obligations.

9. July 3, 1926 The Charlotte Observer Charlotte, NC
Article from The Charlotte Observer, July 3, 1926

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MORE ABOUT FLORIDA BANKS STARTS ON PAGE THIRTEEN would be made that would enable the ban kto reopen shortly and meet all obligations The run the Bank of Hollywood was precipitated receipt of the closings, but met through the ceipt of funds Miami banks The shortly after noon when officers they had funds sufficient to cover every dePresident George Romfh. of the Miami Clearing commenting the suburban declared that three outside loans on out. side paper solely responsible for the embarrassment.

10. July 3, 1926 Daily News Los Angeles, CA
Article from Daily News, July 3, 1926

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TWO MORE FLORIDA BANKS FAIL IN RUN MIAMI, Fla., July 2.-(United News)-A wave of unrest, spreading rapidly among depositors of small banks of this vicinity following the failure of two suburban institutions to open their doors for business today, had resulted tonight in the closing of two others. Another had successfully withstood a heavy run. Unable to bear heavy burdens of paper on which they could not realize, the Bank of Cocoanut Grove and the Bank of Buena Vista, allied institutions, had failed to open their doors. The Little River Bank, in the same section, caught unprepared, soon was forced to close. Paying out until its limited supply of cash was exhausted, the Dania bank also closed. The Bank of Hollywood survived the run.

11. July 3, 1926 Okmulgee Daily Times Okmulgee, OK
Article from Okmulgee Daily Times, July 3, 1926

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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,

12. July 3, 1926 The Daily Oklahoman Oklahoma City, OK
Article from The Daily Oklahoman, July 3, 1926

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FIVE FLORIDA BANKS TOTTER Three in Miami and One In Dania Suspend: Another Withstands Run. MIAMI, Fla., July local banks suspended operations, financial institution at Dania closed its doors. and a Hollywood bank weathered a heavy withdrawal of funds Friday, The bank of Coconut Grove and the Bank of Buena Vista failed to open for business and the bank of Little River closed after a run of an hour's duration. The bank of Dania, short die tance from Miami. suffered a etmllar withdrawal of funds and ceased operations shortly before noon. At the same time the bank of Holly. wood, also a short distance north of this city, in Broward county, with stood a brief run. The bank of Buena Vista and the bank of Coconut Grove, allied Institutions, made the following separate announcements: "The bank has decided to suspend operations for the present and will therefore not open for business to day. It is actuated In this cause by desire to conserve Its resources and to protect its depositors to the fullest extent." Pres. 1. T. Parker of the bank of Danta announced Immediately after closing that a readjustment would be made that would enable the bank to reopen shortly and meet all obligations. The run on the bank of wood precipitated after receipt of news of the previous bank closings, but was met through receipt of funds from Miami banks. Pres. George Romth of the Miami Clearing House association declared that outside control and loans on outside paper solely were responsible for the embarrasement.

13. July 3, 1926 Florence Morning News Florence, SC
Article from Florence Morning News, July 3, 1926

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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.