Citizens & Peoples National Bank (Pensacola, FL)

View Charter #9007 on SPMC View balance sheet

Episode Information

Episode UID
900701369
Episode Type
Run Only
Bank Type
national
Bank ID
90070 national
Charter Number
9007
Start Date
January 8, 1914
Location
Pensacola, Florida

Metadata

Model
gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
fd1963370117ee24

Response Measures

Accommodated withdrawals, Capital injected

Events (2)
1. January 29, 1908 Chartered
Source
historical_nic
2. January 8, 1914 Run
Cause
Local Banks
Cause Details
Run triggered by failure/closure of the First National Bank of Pensacola to open, prompting depositor panic
Measures
Local businessmen made heavy deposits that offset withdrawals; banks closed the day with more cash on hand than at opening.
Newspaper Excerpt
News of the failure of the First National bank here to open its doors today started a run which spread rapidly, started runs on the American National and the Citizens' and Peoples National banks.
Source
newspapers

Newspaper Articles (3)
1. January 9, 1914 The Birmingham Age-Herald Birmingham, AL
Article from The Birmingham Age-Herald, January 9, 1914

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Article Text

PENSACOLA BANKS WITHSTAND RUNS Heavy Deposits Offset Runs Resulting From National Bank Failure Pensacola, Fla., January 8.-News of the failure of the First National bank here to open its doors today started a run which spread rapidly, started runs on the American National and the Citizens' and Peoples National banks. Both institutions withstood the run, local business men showing their faith in each by making heavy deposits during the day. Both banks closed the day's business with more money on hand than when they opened this morning. Officers of the First National bank issued a statement today, setting forth reasons for closing, charging their troubles to a Liverpool, England, firm that could not meet heavy drafts on them that had been honored by the local bank. The books and assets of the bank are sealed, awaiting the arrival of bank examiners.

2. January 9, 1914 The Times Dispatch Richmond, VA
Article from The Times Dispatch, January 9, 1914

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Article Text

SHOW FAITH IN BANKS Pensneola Business Men Make Heavy Deposits When Run Is Started. Pensacola, Fla., January 8.-News of the failure of the First National Bank of Pensacola to open its doors this morning started runs on the American National and the Citizens' and Peoples' National Banks. Both institutions withstood the run, local business men, showing their faith in each by making heavy deposits Both banks closed the day's business with more money on hand than when they opened this morning. Officers of the First National Bank issued a statement to-Gay setting forth reasons for closing, charging their troubles to a Liverpool, England. firm that could not meet heavy drafts on them that had been honored by the local banks. The books and assets of the bank are. sealed, awaiting the arrival of bank examiners.

3. July 20, 1929 The Owensboro Messenger Owensboro, KY
Article from The Owensboro Messenger, July 20, 1929

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Article Text

Another Bank Closes Its Doors In Florida Reports of the closing the state Bank Pablo Jacksonville Beach reached the state banking today. Comptroller Ernest Amos said the bank liquid condition. but closprecaution when The bank Palbo the teenth bank which closed Florida this week and the Twenwithin weeks. Four others closed May and their president, John Fouts, Bartow, awaiting trial charge illegally lending himself funds. reassuring tion has from Washington dicating that lessening the fruit fly under consideration and that President Hoover plans recommend reimbursement for growers whose crops have been destroyed. This, together with growing public confidence, combined stop the runs Floridaa banks, the comptroller indicated.