First Trust Company (Sarasota, FL)

Episode Information

Episode UID
63046871555
Episode Type
Suspension โ†’ Reopening
Bank Type
state
Bank ID
6304687 routing
Routing Number
63-0468
Start Date
July 17, 1929
Location
Sarasota, Florida (27.336, -82.531)

Metadata

Model
gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
e78b4dc3002ce719

Response Measures

None

Description

Article lists the Sarasota First Trust Company among twelve Florida banks that failed to open July 17, 1929; no later reopening or permanent closure information in provided articles.

Events (1)

1. July 17, 1929 Suspension
Cause
Rumor Or Misinformation
Cause Details
State comptroller attributes failures to undue and uncalled for alarm (panic/rumors) causing banks to fail to open
Newspaper Excerpt
the First Trust Company at Sarasota ... failed to open in South Florida today
Source
newspapers

Newspaper Articles (2)

Article from The Daily News-Journal, July 17, 1929

Click image to open full size in new tab

Article Text

TWELVE FLORIDA BANKS CLOSE DOORS Large Tampa Institution Newest To Fail; $6,500,000 Deposits Tallahassee, Fla., July 17.-(INS)Twelve banks with forty million dollars in deposits failed to open in South Florida today, according to State Comptroller Ernest Amos. Amos also declared that many other banks had withstood heavy runs Tuesday. The failures, according to the comptroller, are not due to business conditions, but to "undue and uncalled for alarm.' The banks which failed to open today, according to Amos, are as follows: Citizens Bank and Trust Company of Tampa, parent of others, including the Citizens Nebraska Avenue Bank, Tampa, the Franklin Bank, Tampa, the Lafayette Bank, Tampa, the Bank of Ybor City, the First State Bank at Port Tampa, the Bank of Mulberry, the Bank of Pasco County at Dade City, the Bank of Plant City, the First State Bank at Fort Meade, the First Trust Company at Sarasota, and the Bradenton Bank and Trust Company. Run On Ybor Bank. The others are: the Bank of Pasco County at Dade City, the First Bank Trust Company of Sarasota, the First State Bank of Fort Meade, the Bradenton Bank and Trust Company, (Continued On Page Six) WRECKS NERVOUS SYSTEM HELPING HUBBY ON DIET New York, July she wrecked (her nervous system trying to help her 232 pound husband, Donald L. Samuels, stock exchange member, to reduce, Mrs. Charlotte Samuels, who weighs 120, wants divorce. She applied in the supreme court today for week temporary alimony and got She states in her petition Samuels cheated on his diet.


Article from The Daily News-Journal, July 17, 1929

Click image to open full size in new tab

Article Text

TWELVE FLORIDA BANKS CLOSE DOORS Large Tampa Institution Newest To Fail; $6,500,000 Deposits Tallahassee, Fla., July 17.-(INS)Twelve banks with forty million dollars in deposits failed to open in South Florida today, according to State Comptroller Ernest Amos. Amos also declared that many other banks had withstood heavy runs Tuesday. The failures, according to the comptroller, are not due to business conditions, but to "undue and uncalled for alarm.' The banks which failed to open today, according to Amos, are as follows: Citizens Bank and Trust Company of Tampa, parent of others, including the Citizens Nebraska Avenue Bank, Tampa, the Franklin Bank, Tampa, the Lafayette Bank, Tampa, the Bank of Ybor City, the First State Bank at Port Tampa, the Bank of Mulberry, Fla., the Bank of Pasco County at Dade City, the Bank of Plant City, the First State Bank at Fort Meade, the First Trust Company at Sarasota, and the Bradenton Bank and Trust Company. Run On Ybor Bank. The others are: the Bank of Pasco County at Dade City, the First Bank and Trust Company of Sarasota, the First State Bank of Fort Meade, the Bradenton Bank and Trust Company,