2316. First National Bank (Daytona Beach, FL)

View Charter #12546 on SPMC

Bank Information

Episode Type
Run Only
Bank Type
national
Bank ID
12546
Charter Number
12546
Start Date
July 12, 1929
Location
Daytona Beach, Florida (29.211, -81.023)

Metadata

Model
gpt-5-mini
Short Digest
ab66214b

Response Measures

Accommodated withdrawals

Description

Articles report runs on the First National Bank (Daytona Beach) on July 12, 1929; the bank was able to meet depositor withdrawals and did not suspend. Runs were triggered by closures of two other local banks (Merchants Bank & Trust Co. and Atlantic Bank & Trust Co.) and regional bank failures.

Events (2)
1. June 2, 1924 Chartered
Source
historical_nic
2. July 12, 1929 Run
Cause
Local Banks
Cause Details
Runs were triggered by the closing of the Merchants Bank and Trust Company and the Atlantic Bank and Trust Company in Daytona Beach and other recent Florida bank failures.
Measures
Paid/was able to meet depositor withdrawals; met demands of depositors
Newspaper Excerpt
Runs were made on the Daytona Beach Bank and Trust company and the First National bank, the other two financial institutions here, but they were able to meet the demands of depositors' withdrawals
Source
newspapers

Newspaper Articles (3)
1. July 13, 1929 The Greenville News Greenville, SC
Article from The Greenville News, July 13, 1929

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Article Text

BANKS CLOSED DAYTONA BEACH. July 12. The Merchants Bank and Trust company, and the Atlantic Bank Trust company here closed today. Runs were made on the Daytona Beach Bank and Trust company the First tional bank, the other two financial here. but they to meet the demands of depositors' withdrawals

2. July 13, 1929 The Tampa Tribune Tampa, FL
Article from The Tampa Tribune, July 13, 1929

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Article Text

Two Banks Close At Daytona Beach 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

3. July 13, 1929 The Austin American Austin, TX
Article from The Austin American, July 13, 1929

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Article Text

RUNS CLOSE BANK AT DAYTON BEACH, FLA. DAYTONA BEACH, Fla., July 12.-(P)-The Merchants Bank and Trust company and the Atlantic Bank and Trust company here closed today. Runs also were made the Daytona Beach Bank and Trust company and the First National bank, the other two finanetal institutions here, but they were able meet the demands of depositors' withdrawals