Borrowed from banks or large institutions, Fed/other loan, Full suspension
Click image to open full size in new tab
BANK FAILS TO OPEN Deland, Fla.. July 11 (AP)-The Vo. lusia County Bank and Trust company, oldest financial institution in this county, failed to open its doors at 9 o'clock this morning An hour later the First Nationa. bank closed temporarily following a run on that institution.
Click image to open full size in new tab
Deland, Fla., July 11.-(A. P.)-The Volsuis County Bank and Trust company, oldest financial institution in this county, failed to open its doors o'clock this morning and an hour later the First National bank closed temporarily, following a run on that institution. notice signed by George C. White, state bank examiner, was posted on the door on the Volsula County Bank and Trust company, announcing that "the bank has suspended business and is now in the hands of the state banking department."
Click image to open full size in new tab
Two Banks at DeLand Closed; One Termed As Only Temporary DELAND Volusia Bank and Trust Company oldest financial institution county. failed to open its doors o'clock Thursday morning an National following a run that notice. singed by George C. the door of the Volusia County Bank announc ing that the bank suspended business of the State on ed that the the protection closed by order of the of di rectors Plans have been discussed and further ing hthe purpose the signed Lincoln president Stetson came of the Volusia County Bank The First National Bank the only other bank Deland heavy during after o'clock the notice door of that stated that supply nhand. necessitating of business pending D. of National close at due day holiday observed in this
Click image to open full size in new tab
DELAND Fla., July 11.-(P)-The Volusia Countila Bank and Trust company, oldest financial institution in this country. failed to open its doors at 9 o'clock this morning and an hour later the First National bank closed temporarily following a run on that institution. notice, signed by George C. White, state bank examiner. was posted on the door of the Volusta County Bank and Trust company. announcing that the bank "has suspended business and now in the hands of the state banking department."
Click image to open full size in new tab
Three Florida Banks Close, Banker Arrested
Jacksonville, Fla., July While state and federal officers began liquidation for three Florida banks today, the of four other central Florida faced charges of violating of the state banking Two the banks that closed yesterday were the onbanks that city They were Volusia County Bank and Trust Company and the First National Bank of De Land, which shut doors during the morning after precipitated closing of the VolusiaCounThe third institution the was Colonial Bank and Trust Company Miami John Fouts, bond of $10,000 after his arrest on information filed by Solicitor Hardin Peterson of Polk counpresident director the State Bank of Bartow, the First Bank of Lakeland, the First National Bank of Auand the State Bank Winter Information filed against Fouts three counties charged he had "loaned" himself $5,000 from the funds State Bank of tow without consent the of directors, that tered the minutes of the board to make the loan appear regular, and that he had taken the money when resources of the institution were not legal The banks he headed closed May
The Colonial Bank and Trust Company was capitalized 000 with surplus $50,000 had been organized for attributed its closing to dy withdrawals of cash during the last four days. Carpenter president.
Click image to open full size in new tab
One State and One National Deland In. stitution
DELAND. Fla., July (A. The Volusia County Bank and Trust Company, financial this its an later Bank temporarily run on that institution. signed by George C. White, Bank the the Volusia County Bank and Trust that the bank business the hands the State Banknow Lincoln president of Stetpresident the Volusia County Bank Trust Company. First National Bank, the only other bank Deland run shortly after 10 o'clock the door of the stated that unanticirun has exhausted supply necessitating arrival of Federal pending Bank Tuten oresident of the First
Click image to open full size in new tab
BANKS CLOSED DELAND, Fla., July 12.-(P)-The Volusia Couty Bank and Trust company, oldest financial institution in this county failed to open its doors today, and an hour later the First National Bank closed temporarily following a run on that institution.
Click image to open full size in new tab
Two More Florida Banks Close Up JACKSONVILLE, Fla., July 12 (U.P)-Deland was without a financial institution today, resulting from the closing yesterday of the First National Bank and the Volusia County Bank and Trust Company. Runs during the past four days also caused the Colonial Bank and Trust Company, of Miami, capitalized at $100,000, to cease business. John L. Fouts, of Bartow, was arrested late yesterday at Winterhaven on a charge of violating the state banking laws and was freed on $10,000 bond. Fouts was president and director of four central Florida banks which closed their doors on May 15 of this year.
Click image to open full size in new tab
BANKS CLOSED DELAND, Fla., July 12.-(P)-The Volusia Couty Bank and Trust company, oldest financial institution in this county failed to open its doors today, and an hour later the First National Bank closed temporarily following a run on that institution.
Click image to open full size in new tab
COMELY YOUNG FOR REUNION IN BANKS WOMAN HELD MONTMARTRE FACE CHARGES
Topeka Woman Confesses She Robbed Two Men In Daylight Holdup year and she mitted the holdup Benefit June The Mrs. Vivian and Cecil in an they Marie Rainey, who with them as "nlece" and was Scraper's confidante after the crime, was held for investigation. Officers found $13,690 hidden in an chair behind in the Mrs. said, that her Streit that the holdup after A. salesman, drive her to scene the in front of Security build- Louis Streit brother of Streit, one the employes she robbed. Sheriff Horning said Mrs. Scraphad refused implicate Streit in her confession. Scraper according sheriff, planned the holdup but delayed It because she "lost nerve.' She also said revolver used was There cartridges gun when was found shortly after robbery. arrest the three was said to have resulted given to the authorities by the Rainmother. Rainey Mrs. Scraper and Cecil her home within an hour after the robbery carrying blankets. Officers were inclined to believe the money was hidden in them. Two days later she the returned and took away shoe which, officers said, apparently contained the
Fliers of Pathfinder Expect To Join French Ocean Fliers Soon
July tary shortly for the Orchard Club." The Americans want to their to the French Fevre that both crews succeeded in crossing safely. During the latter part next the will plane crated and will then sail for home. The fliers also drop visit Major Italian flier who is hospital there resting The government has called convene at 6:30 p.m. today Collona render homage to Roger Captain Lewis Yancey, Atlantic aviators. The meeting will mark the of Rome's the two fliers, arrived from Old Orchard, with but one stop enroute, at SanSpain. There will music speeches by ItalThe Aviators will be given a high by the Italian government, Maurice, orders Saints they King Victor Emanuel next Monday.
Four Central Florida Financiers Accused of Violating Bank Laws July and cials liquidation for three Florida banks today, the four other central Florida faced of violating the state Two of the banks closed terday Deland, the banks Volusia Company First National Deland, which during after run the Volusia The Bank and Trust of John Fouts, who $10,000 information Hardin the National Lakeland, the National State Bank Winterhaven Information filed Fouts in counts "loanhimself $5,000 funds the State Bank Bartow out consent directhat had altered the regular that he the institution were not up to legal reThe he headed closed May
Time of for preliminary to be set few The Colonial Bank and Trust Company was capitalized at $100,000 $50,000. closing attributed withdrawa during last few J. The Volusia County Bank and Trust Company had resources capital of surplus $100,000 and discounts of $1,724,The First National Bank of Deland had resources of capital stock of surplus $2,500 and deposits of $1,211,750.47.
Click image to open full size in new tab
Two More Florida Banks Are Closed state federal officials began tion for three Florida banks the president of four other central Florida banking faced charges of violating of the state banking Two the banks that closed yesterday the banks in that they the Volusia and Trust Company and the First National Bank Deland. which shut during the morning after heavy run precipitated by the closthe Volusia County Bank The institution the Colonial and Trust Company of MIwho $10,000 after formation by State Hardin President and of the State Bank of Bartow, First Bank Lakeland. The First Na State Bank of Winter Haven.
Click image to open full size in new tab
Press) De Land, Fla., July 12.-The Volusia County Bank and Trust Company, oldest financial institution in this county, failed to open its doors at 9:00 o'clock Thursday morning and an hour later the First National Bank closed temporarily, following a run on that institution. A notice, signed by George C. White, state bank examiner, was posted on the door of the Volusia County Bank and Trust Company, announcing that the bank "has suspended business and is now in the hands of the state banking department."
Click image to open full size in new tab
DELAND, Fla., July 12 (AP) The Volusia-co Bank and Trust Co., oldest financial institution in this country, failed to open this morning and an hour later the First National bank closed temporarily following a run on that institution. A notice signed by George C. White, state bank examiner was posted on the door of the Volusia Co Bank and Trust Co., announcing that the bank "has suspended business and is now in the hands of the state banking department."
Click image to open full size in new tab
Officials Take Steps To Clear Up Bank Cases
Violation Of Bank Laws Of State Charged To John L. Fouts and federal officials began reorganization liquidation for three Florida banks today. the president of four other central Florida banking institutions faced charges violating the state banking laws Two of the banks that closed yesterday were in DeLand, the only banks in that city and among the oldest in Volusia county They were the Volusia County Bank and Trust Company and the First National Bank of DeLand, which shut
Click image to open full size in new tab
Trust Company at Deland Falls to Open; Run on Another Bank
DELAND, July 11 (P). The Vo. lusia County Bank Trust pany, oldest financial institution in this county, failed to open its doors o'clock this morning, and an hour later the First National bank closed temporarily following a run on that institution.
Click image to open full size in new tab
HEAD OF FARM BANKS IN FLORIDA ACCUSED
July 12 While and federal officers began liquidation for three Florida banks today the president of central Florida stitutions faced charges of violating the state banking the that closed De Land banks They the Volusia County Bank and Trust company and the First National bank of De Land which shut doors during the morn heavy run by closing bank The Colonial Bank and Trust company of Miami
Click image to open full size in new tab
Florida Officials Plan Liquidation For Three Banks
Jacksonville, state and federal began the process of Ida banks today following closing of the institutions, the president of four other central Florida banking Institutions faced charges of himself $5,000 from one of Ing" the without consent of the banks and other violations of the state banking laws. Two of the banks that closed were In banks city among the oldest in They the Volusla County Bank and Trust company and the First National Bank Deland, which shut after by the Volusia County third was the and company of The bank made of after his arrest an filed by State John dent and director of the First National the First of and the State four of the banks headed Fouts closed on cal name vio of banking laws.
Click image to open full size in new tab
DAYTONA July 12. The Merchants Bank Trust company the Atlantic Bank Trust company here closed their doors Runs also made on the Daytona Beach Bank Trust company First National bank, the institutions here. but they were able to meet the demands of depositors withdrawals. The bank failures here brought to five the number of banks that closed their doors in Florida the two The Volusia County Bank Trust company and the National bank in DeLand the Colonial Bank Trust company of Miami closed yesterday. Notices posted doors of the Beach institutions stated been closed by the aminer for protection the depositors pending The notices bank. which identical wording, stated that efforts would made pay all depositors in full Officials of the Atlantic National bank and the Barnett National bank of Jacksonville wired officials the two closed institutions, offering them financial
Click image to open full size in new tab
Bring Total to Five to Fail Within Two Days.
Heavy Runs Made on Two Daytona Beach Institutions, but They Withstand Strain.
JACKSONVILLE, Fla., July 12 (AP).—Failure of the Merchant's Bank and Trust company and the Atlantic Bank and Trust company at Daytona Beach today, brought to five the number of financial institutions to close in Florida within the past two days.
The Volusia County Bank and Trust company and the First National bank, both of Deland, and the Colonial Bank and Trust company, of Miami, closed yesterday.
Click image to open full size in new tab
BANK RECEIVER SUES Accounting Demanded of J. Fred McGuire, Chicago Realtor. CHICAGO, August 4 (AP).-A suit demanding an accounting was filed in United States District Court yesterday against J. Fred McGuire, Chicago realtor by M. G. McNair, receiver for the First National Bank of Deland, Fla.. which was closed July 11, 1929, with liabilities of $1,487,996.81. The suit charges violation of the national bank:ing laws, unsound loans and depletion of the bank's capital through payment of dividends.
BANK RECEIVER NAMES CHICAGOAN CHICAGO, (/P)-M. G. McNair, receiver for the First National bank of DeLand, Fla., has filed suit in federal court here demanding an accounting from J. Fred McGuire, Chicago real estate man. The charges violation of the national banking laws, unsound loans and depletion of the bank's capital through payment of dividends. bank was closed in 1929 with liabilities of $1,487,996.81.
ship September 9, 1933, the liabilities of the institution having theretofore been assumed by another bank. The receiver was appointed for the purpose of collecting an assessment against the stockholders to cover a deficiency in the assets sold. Disbursements during receivership, including offsets allowed, aggregated $102,682 which represented 97.54 per cent of total liabilities.
The First National Bank of Mineral Wells, Texas, in receivership October 27, 1933, the liabilities of the institution having theretofore been assumed by another bank. The receiver was appointed for the purpose of collecting an assessment against the stockholders to cover a deficiency in the assets sold. Disbursements during receivership, including offsets allowed, aggregated $12,352 which represented 18.55 per cent of total liabilities.
The First National Bank of Stronghurst, Illinois, in receivership July 17, 1931, the liabilities of the institution having theretofore been assumed by another bank. The receiver was appointed for the purpose of collecting an assessment against the stockholders to cover a deficiency in the assets sold. Disbursements during receivership, including offsets allowed, aggregated $30,297 which represented 33.44 per cent of total liabilities.
The First National Bank of Tracy, Minnesota, in receivership April 29, 1931; disbursements, including offsets allowed, to depositors and other creditors aggregated $408,377, which represented 71.01 per cent of total liabilities. Unsecured depositors received dividends amounting to 65.13 per cent of their claims.
The Peoples-First National Bank of White Hall, Illinois, in receivership March 20, 1930; disbursements, including offsets allowed, to depositors and other creditors aggregated $345,636, which represented 74.36 per cent of total liabilities. Unsecured depositors received dividends amounting to 69.77 per cent of their claims.
The Commercial National Bank of Wilmington, North Carolina, in receivership January 31, 1923; disbursements, including offsets allowed, to depositors and other creditors aggregated $1,474,760, which represented 55.05 per cent of total liabilities. Unsecured depositors received dividends amounting to 25.68 per cent of their claims.
QUIDATED AND FINALLY CLOSED DURING THE MONTH OF OCTOBER, 1935
Receivership: First National Bank, Thief River Falls, Minn. Date of Failure: 9-12-33. Total Disbursements Including Offsets Allowed: $ 845,805. Per Cent Total Returns to All Creditors: 101.24. Per Cent Dividends Paid Unsecured Depositors: 109.75 Citizens National Bank, Appleton, Wisconsin*: 6-23-33. $ 407,307. 99.64. 34.67 First National Bank, DeLand, Florida: 7-12-29. 939,072. 62.01. 33.85 Burnet National Bank, Burnet, Texas: 2-18-32. 60,684. 93.05. 93.04 First National Bank, Carey, Ohio: 10-12-31. 200,486. 97.03. 96.83 Citizens National Bank, Laurel, Montana: 1- 4-23. 146,762. 39.54. 6.07 First National Bank, Brushton, New York: 12-22-31. 608,665. 74.64. 71.96 First National Bank, Langdon, North Dakota: 6-14-29. 136,200. 55.43. 45.02 Citizens National Bank, Monessen, Penn.*: 4-17-31. 49,639. 48.09. 48.1 First National Bank, Mineral Wells, Texas*: 10-27-33. 12,352. 18.55. 18.56 Commercial National Bank, Wilmington, North Carolina: 1-31-23. 1,474,760. 55.05. 25.68 First National Bank, Tracy, Minnesota: 4-29-31. 408,377. 71.01. 65.13 First National Bank, Stronghurst, Ill.*: 7-17-31. 30,297. 33.44. 32.66 Peoples-First National Bank, White Hall, Illinois: 3-20-30. 345,636. 74.36. 69.77 Merchants National Bank, Clinton, Iowa*: 9- 9-33. 102,682. 97.54. 59.27 * Receiver appointed to levy and collect stock assessment.
represented 93.04 per cent of total liabilities. Unsecured depositors received dividends amounting to 93.4 per cent of their claims.
The First National Bank of DeLand, Florida, in receivership July 12, 1929; disbursements, including offsets allowed, to depositors and other creditors aggregated $939,072, which represented 62.01 per cent of total liabilities. Unsecured depositors received dividends amounting to 33.85 per cent of their claims.
The First National Bank of Carey, Ohio, in receivership October 12, 1931; disbursements, including offsets allowed, to depositors and other creditors aggregated $200,486, which represented 97.03 per cent of total liabilities. Unsecured depositors received dividends amounting to 96.83 per cent of their claims.
The Citizens National Bank of Laurel, Montana, in receivership January 4, 1923; disbursements, including offsets allowed, to depositors and other creditors aggregated $146,762, which represented 39.54 per cent of total liabilities. Unsecured depositors received dividends amounting to 6.06 per cent of their claims.
The First National Bank of Brushton, New York, in receivership December 22, 1931; disbursements, including offsets allowed, to depositors and other creditors aggregated $608,665, which represented 74.64 per cent of total liabilities. Unsecured depositors received dividends amounting to 71.96 per cent of their claims.
The First National Bank in Langdon, North Dakota, in receivership June 14, 1929; disbursements, including offsets allowed, to depositors and other creditors aggregated $136,200, which represented 55.43 per cent of total liabilities. Unsecured depositors received dividends amounting to 45.02 per cent of their claims.
The Citizens National Bank of Monessen, Pennsylvania, in receivership April 17, 1931, the liabilities of the institution having theretofore been assumed by another bank. The receiver was appointed for the purpose of collecting an assessment against the stockholders to cover a deficiency in the assets sold. Disbursements during receivership, including offsets allowed, aggregated $49,639 which represented 48.1 per cent of total liabilities.
The Merchants National Bank of Clinton, Iowa, in receiver-