South Florida Trust Company

Episode Information

Episode UID: 63047071555
Episode Type: Run → Suspension → Closure
Bank Type: state
Bank ID: 6304707 routing
Routing Number: 63-0470
Start Date: July 12, 1929
Location: Miami, Florida (25.774, -80.194)

Metadata

Model: gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest: 891a8e4426eaf182

Response Measures

None

Description

OCR of article is garbled; relationship between De Land events and Miami bank is implied but text is unclear.

Events (2)

1. July 12, 1929 Run

Cause: Local Banks
Cause Details: Runs and panicky withdrawals following failures/closures of nearby Florida banks (De Land and others) prompted heavy withdrawals
Newspaper Excerpt: first known the South Florida Trust Company
Source: newspapers

2. July 12, 1929 Suspension

Cause: Local Banks
Cause Details: Closed its doors after steady withdrawals during past days amid regional bank runs; placed in hands of examiners/authorities (closure appears permanent in article).
Newspaper Excerpt: The Colonial Bank & Trust Miami ... first known the South Florida Trust Company
Source: newspapers

Newspaper Articles (1)

1. July 12, 1929 The Atlanta Constitution Atlanta, GA

Article from The Atlanta Constitution, July 12, 1929

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Article Text

ALL BANKS IN DE LAND CLOSE FOLLOWING RUNS Three Florida Institutions Post Notices Simultaneously. Jacksonville. Fla., July Three banks- De Land Miami the hands of bank examiners tonight pending reNational bank De Land closed doors shortly after run following notice the window Volusia County Bank Trust Company. of De Land. that that institution suspended in the hands of the state those banks left De two Land tonight without single financial institution. The Colonial Bank & Trust Miami, and with surplus failed open its doors today after steady of cash during the past four days. three ago and first known the South Florida Trust Company FOU IS ARRESTED FOR FAILURE. Bartow, July and director four central Florida all Notice. debts made KEENER which failed on May 15. was rested today information filed by State Solicitor Hardin Peterson. charging him with having violated the state banking laws. Fouts, who was director and president the State Bank of Bartow, the First National Bank of Lakeland, First National Bank of Auburndale and the State Bank of Winterhaven, was arrested at Winterhaven and brought here. His bond was fixed $10.000, which furnished John J. and Vet of this The Fouts with $5,000 the funds State Bartow without the consent of the board directors that and with altering the minutes of the board to make the "loan regular the the bank were not up to the legal requirement. COMPTROLLER ACTION July The fice the the rency said today that the closing the First National bank in De Land. Fla., measure to protect interests the from any the institution resulting from failure of state bank nearby. of this kind. was plained. where directors of national bank that depositors are becoming panicky of nearby bank failures, the tion that all depositors the same treatment rather than to permit withdraw their entire deposits and place the bank in an embarrassing position. LASSITER RETURNS AFTER "BREAK DOWN." Ala., July J. of the closed Bank and and the City Bank and Trust Com- pany, returned to Birmingham tonight from New York where he had been in hospital for several days. folowing his collapse when informed that his banks had closed. He taken to the home of friends to recuperate. He was accompanied here by Caron Capshaw, New York attorney. NEW YORKERS INDICTED FOR BANK FRAUDS. New York, July of the firm of Clarke Brothers, a pri rate bank that failed to open its doors two weeks ago after having done busi ness for SO years the fringe of the downtown financial district, were indicted today by federal grand jury on and using the mails defraud. Three younger brothers of the founder, William H. Clarke, inherited the business his death three years named indict ment indicted James Rae Hudson Philip together John Bouker, who joined the firm re cently They were indicted on the eve of public Doe hearing their management the business, instituted today United States Charles Tuttle. as long lines of the depositors. many of them women, filed into his office complaints others included small business clerks. Some told stories Shortly before Mr. Tuttle laid case before the grand account ants for the Irving Trust Company receiver, work on the bank's books, reported indications that the partners owed their bank more addition $440.995 had charged against themselves on ledger.