gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
4ff0c8fe6253097b
Response Measures
None
Description
Sources show an acute run and the bank closed; contemporary reports hint at possible reopening but no clear resolution in these articles.
Events (2)
1.March 8, 1927Run
Cause
Local Banks
Cause Details
Runs followed closures/suspensions of other leading Palm Beach banks, producing panic withdrawals on the Farmers Bank.
Measures
Armored car dispatched from Miami bearing cash to meet withdrawals.
Newspaper Excerpt
Runs on the Farmers Bank and the Citizens Bank of West Palm Beach were such that an armored car was dispatched from Miami bearing cash for panicky depositors.
Source
newspapers
2.March 8, 1927Suspension
Cause
Local Banks
Cause Details
Heavy withdrawals and panic in the district led to the Farmers Bank (among others) closing its doors.
Newspaper Excerpt
No sooner had the First American Bank and Trust Company posted notice that business was suspended for the protection of depositors, than other institutions closed.
Source
newspapers
Newspaper Articles (24)
1.March 8, 1927Battle Creek Moon-JournalBattle Creek, MI
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PALM BEACH BANKS CLOSED
Move Starts Run on Other Institutions of District.
West Palm Fla., March leading banks the Palm Beach district closed their doors today and started of the most frenzied runs the history of Florida finance. found streets jammed with depositors their money from remaining banks of the Runs the Farmers Bank and Citizens Bank of West Palm Beach that an armored dispatched from Miami bearing cash for panicky No sooner had the First AmeriBank Trust posted notice business suspended the protection depositors tions Bank Trust of West Palm Beach and the First Bank and Trust Palm Beach. Heavy all three banks during the eight affairs part the state given as reasons for the ing.
2.March 8, 1927Astoria Evening BudgetAstoria, OR
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THREE PALM BEACH CLOSE
WEST PALM BEACH, Mar. leading banks of the Palm Beaches closed their doors this morning started one the most frenzied runs in the history of finance. Mid-day found streets jammed with depositors their money withdrawing from remaining banks of the city. Runs the Farmers Bank and the Citizens bank of West Palm Beach such that an armored despatched from Miami bearing cash for panicky deposiNo sooner had the First AmeriBank Trust company postnotice business pended for protection posits, than two other instituions closed. Heavy wihdrawals on all three bans during the past and unsettled condition affairs this part of state given as results of the closings.
LOG SETTER KILLED Mar. McKinstry, log setter the Ryderwood died late yesterday sult injuries received when by swinging log.
3.March 8, 1927The SentinelCarlisle, PA
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Three West Beach Banks Close Their Doors
West Palm Beach, leading banks the Palm Beach district doors day and started of the most zied runs the history Florida finance. Mid-day found jam med depositors seeking their money withdrawing from remaining the Runs the Farmers Bank and Citizens Bank West Palm such that armored from Miami bearing for panicky depositors. No sooner had the First American Bank Trust Company notice that business suspended for protection positors than other institutions Northwood Bank Trust West Palm Beach, and Bank Trust Palm Heavy withdrawals on all three banks during past eight months and unsettled conditions affairs this part the given reasons for closing
4.March 8, 1927Daily Republican-RegisterMount Carmel, IL
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TWO FLORIDA BANKS CLOSE THEIR DOORS
(United WEST PALM BEACH, Fla. March leading banks the Beach district closed their doors today and started the runs in the history of Florida finance. found streets jammed with depositors seeking their money withdrawing from remaining banks of the city. Runs on the Farmers' bank and the Citizens' bank of West Palm Beach such an armored car dispatched from Miami bearing cash for panicky depositNo sooner had the First American bank and Trust company posted notice that business suspended for the protection depositors than two other institutions Northwood bank and Trust company of West Palm Beach First Bank and Trust of Palm Beach. company
5.March 8, 1927Republican and HeraldPottsville, PA
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Article Text
United West Beach, March banks of the Palm Beach district today of the most frenzied runs in the history of Florida finance. found streets jammed depositors seeking money by from the Runs the Farmers' Bank the Citizens Bank West Palm Beach that Miami for panicky No sooner had the First American Bank and Trust Company posted notice that business for the protection depositors other Institutions the Northwood Bank Trust West Palm Beach, First Bank and Trust Company, Palm Beach. Heavy withdrawals all three banks during the past eight months unsettled conditions of affairs in this part were given as reasons for closing.
6.March 8, 1927The TimesStreator, IL
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THREE FLORIDA BANKS CLOSED
WEST PALM BEACH March leading banks of the Palm Beach district closed doors today and started one most the of Florida finance. found streets deposit seeking save money from banks of the Runs on Farmers bank and the Citizens bank of West Palm Beach were such that an armored from Miami car bearing for panicky depositors No sooner had First can Bank and Trust Company posted notice that business pended for the protection of depos. than other Northwood Bank and Trust Company of West Beach and First Bank Trust Company of Palm
7.March 8, 1927Times UnionBrooklyn, NY
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THREE PALM BEACH BANKS CLOSE DOORS
Action Starts One of Biggest Runs in History of State.
WEST PALM BEACH Fla. March (U leading banks of the Palm Beach district closed their doors to-day and start of the more frenzied runs in history Florida finance Midday found jammed with to save their money withdrawing from banks of the Runs on maining Farmers' Bank and the Citithe zens' Bank West Palm Beach such that an armored from Miami bearing cash for had the First Amertcan Bank and postnotice that business pended for the protection of depositors than other institutions Northwood Bank Trust Palm Beach and the First Bank and Trust Company of Palm Beach.
8.March 8, 1927The Oklahoma NewsOklahoma City, OK
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THREE FLORIDA BANKS CLOSE
Palm Beach Patrons Start Record Run for Deposits
By United Press WEST PALM BEACH, Fla., March leading banks of the Palm Beaches closed their doors this morning and started of the most frenzied in the history of Florida finance Midday found streets Jammed with money withdrawing from of the city Runs the Farmers Bank and West car from Miami bearing for No had the First American and Trust company posted was for the of depositors, than two closedthe Bank and West Palm Beach and the First Bank and Trust company of Palm Beach
9.March 8, 1927The Falls City JournalFalls City, NE
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Three Banks Fail at West And Depositors in Frenzied Run Others on
West Palm Beach, leading banks the West Palm Beach district closed their doors today and started the most frenzied in the history of Florida finance. the streets jammed with seeking to save their money in the remaining banks. Runs Farmers' Bank and Citizens West Palm Beach such that an armored car was dispatched from Miami, carrying cash for panicky depositors. No sooner had the first American Bank and Trust Company announthat business would suspended for the protection of depositors, than others institutions closed, the and Trust Company West Palm Beach, and the Bank and Trust Company of Beach.
10.March 8, 1927The Hastings Daily TribuneHastings, NE
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THREE BANKS CLOSE
WEST PALM BEACH. Fla., March leading banks of the Palm Beach district closed their doors today and started one of the most frenzied runs in the history of Florida finance. Mid-day found streets jammed with depositors seeking to save their money by withdrawing it banks of the city Runs on the Farmers Bank and the Citizens Bank of West Palm Beach were such that an armored car was dispatched from Miami bearing cash for panicky deposiNo sooner had the First American Bank Company posted notice that business was suspended for the protection of depositors than two other tions Northwood Bank and Trust of West Palm Beach and the First Bank and Trust Company of Palm Beach.
11.March 8, 1927The Omaha Evening Bee-NewsOmaha, NE
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FLORIDA BANKS CLOSE IN RUNS
Wes Palm Beach. March leading banks of the Palm Beach distheir doors Tuesday It started one of the most frenzied runs in th ehistory of Florida Runs on the Farmers bank and Citizens bank were such that an armored car was dispatched from Miami bearing cash for panicky depositors.
12.March 8, 1927York News-TimesYork, NE
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Article Text
ON
Three Leading Banks Close Streets
WEST PALM BEACH, Fla. leading banks of the Palm Beach district closed their doors today and started one of the most frenzied runs In the history of Florida finance. Midday found jammed seeking to save their money by withdrawing from maining banks of the city. Runs on the Farmers bank and Citizens Bank of West Palm Beach such that an armored was dispatched from Miami bearcash depositors. No sooner had the first American bank and Trust company posted notice that business suspended for the protection of depositors than other Institutions bank and Trust company West Palm Beach and the First bank and Trust company of Palm Beach.
THREE FLORIDA BANKS CLOSE THEIR DOORS
Streets of West Palm Beach Jammed With Depositors.
SEEK TO WITHDRAW FUNDS
One of Most Frenzied Runs In History of State.
WEST March leading banks of the Palm Beaches closed their doors this morning and started one of the most frenzied runs in the history of Florida finance Mid-day found jammed with depositors seeking save their money by withdrawing from remaining banks of the city runs on the Farmers' Bank the Citizens Bank of West Palm Beach were such that an was dispatched from Miami bearing cash for panicky No sooner had the First AmeriBank and Trust company posted notice that business was (Turn to Last Page, Please)
REPAIR PEST HOUSE ROAD The Pest House road is being ditched and dressed.
14.March 8, 1927Pittston GazettePittston, PA
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CLOSING OF BANKS CAUSES PANIC IN WEST PALM BEACH banks the and started the history of FlorMid-day streets their of the Runs on Farmers' Bank and Citizens Bank Palm that Miami bearing for panicky depositors sooner the First American that suspended for the proof than Northwood Pank Trust First Bank and Trust Beach all three banks ten months unsettled conditions of affairs in this State given reasons for closing
15.March 8, 1927Berwick EnterpriseBerwick, PA
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FRENZIED RUN ON PALM BEACH BANKS, CLOSE
Streets Jammed With Depositors in Most Sensational Run in History of Florida inance
Banks Caught.
ARMORED CARS RUSH CASH leading banks Palm district closed their doors today and the most history Florida finance found streets seeking to save money from the Farmer's Bank and West Palm Beach desfrom hearing cash for the No souner had the First American Bank and Trust posted notice that was suspended for the depositors than two other closed. the Northwood Bank and Trust Company West Palm Beach Heavy withdrawals on three banks during the past eight ten months and affairs this part the State were given as reasons for the closing
16.March 9, 1927The Springfield Daily RepublicanSpringfield, MA
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THREE FLORIDA BANKS CLOSE THEIR DOORS
West Palm Beach, Fla., March 8Three leading banks of the Palm Beach district closed their doors today and one the most frenruns in the history of Florida finance. Midday found» streets jammed with depositors seeking to save their money by withdrawing it from remaining banks of the Runs on the Farmers bank and the Citizens bank of West Palm Beach were such that an armored car was
17.March 14, 1927The Richmond News LeaderRichmond, VA
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DOORS OF THREE FLA. BANKS CLOSED
Continued From First Page.. braved pelting intermittent rain here this morning in determined run on the Citizens Bank of West Palm Beach sizeable crowd started forming an hour before its usual opening time, augmented with the reports that the Farmers Bank had not opened. The line solid almost block on street and on Narciasus street a half block Mild excitement prevailed, while friends of the bank sought to talk with each person in line In an attempt to influence all against withdrawal of funds. The line remained Intact, although a hard shower dispersed eurlous which threatened at times to Jam trafthis intersection Rports were circulated that an ar mored truck was speeding here with substantial financial aid from Miami banks.
18.March 14, 1927The Commercial AppealMemphis, TN
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when we open the bank will be even stronger than now. Mr. Reese announced that the Farmers Bank today total sources of capital $100.000, surplus $200,000 and undivided profits of $950.00. The bank was organized here in 1914. and soon took an Important place in the fl. nancial affairs of this section. Lit. the more than year ago the bank erected new structure, costing ap. proximately $1.00,000 at a principal downtown corner. The closing of this bank leaves financial institutions, including the First National Bank of Palr! Beach, the Central Farmers Trust and the Bank of West Palm Beach out of 10 which were in operation here year ago. Three banks failed simultaneously here last June.
19.March 15, 1927The Vicksburg PostVicksburg, MS
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RIS SPEAKER LOOKS GOOD STANLEY HARRIS DECLARES inks Washington Has Great Collection of Young Pitchers-Does See How Team Can Go Wrong.
EDITOR'S NOTE-This is fourth of A series of major league ball clubs
By DAVIS WALSH) N. S. Sports Editor.) TAMPA. Fla. Mar. Havas open mind and an incllto speak it. Stanley Hargot right down to brass ackies with the writer today released the sights about the Washington of Walter Johnson will be by May but that the disposed to depend on this year than in any of his major league ca-
Tris Speaker looks like million: that Speaker knows baseball than he, Stanley himself. does and that help is going out of his way the young players on elub: that Spenker will play league baseball for at two seasons, not one. the Senniors have the collection of young Harris has ever seen: good, in fact. that he fears it may be his painful duty to part company with man who list d among his first line pitch
That John Berg of Take catcher and might be his first if only the young man could hit. which seemingly. he can not That Hollis Thurston, acquir ed by barter from the Chicago White Sox, is a smart pitch and Chuck Myer a great young
No Pitching Flop He then proceeded to add to these observations that. barring a general collapse of his pitching. he doesn't see how he can go wrong to be possible however Har ris declared "Johnson. of course. is getting old but he with win his fifteen games for us and so will Coveleskie As for Thurs ton. if he doesn't win more than that I will be a most astenished young man Johnson's injury would have been saster to us in 1921 but. as it is. 11 will give these great young pitchers chance to not "ning early and don't " they will disappoint us.
"Myer will be a better ball player for us this year. with Peckinpaugh out of the was and the knowledge that the shortfield position is his Speaker will play centerfield but other wise the ball club is unchanged except that it is much better "In many respects. we are young club again. with compar ative youth at shortstop. second base. third base. left field an. occasionally in the box Furthermore. the positions occupied by veterans being fortified by youth utility men "Tris never looked better to me. He feels that he needs vindication for those scandal charge 08 and he figures the best way to get it is to have a great year.
RUN ON CITIZENS' BANK WEST PALM BEACH March 14 The closing of the Farmers bank was followed by mild run on the Citizens' bank. officials of the latter institution nouncing they were prepared to meet all withdrawal requests Police maintained order in the lines formed in front of the bank. Colonel E R Bradley of Lex ington Ky noted sportsman and turf follower. said to te the chief depositor and a stockhold er in the Farmers' bank. stated dollar for dollar would be paid depositors If the bank does not reopen but that he expects It will resume business in sixty days Circuit court could not open today owing to the excitement prevailing after the closing of the Farmers' bank. the sheriff and deputies finding It virtually Impossible to assemble witnesses and jurors.
The Instituto Boutantan San Paulo, Brazil. 's one of the most un:sual establishments in the world. Here are housed many thousands of snakes for the purpose of finding antidotes to their venom.
20.March 18, 1927The Town TalkAlexandria, LA
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Seminole Bank Fails To Open at Stuart, Fla. STUART. March Seminole Bank here failed open notice the door stating that heavy withdrawals recently. beginning after the failure the Farmers Bank West Palm Beach, precipitated closing There had concerted capitalized $50.000 with surplus of undivided profits of $32,000 and deposits
21.March 18, 1927Sun HeraldBiloxi, MS
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Another Florida Bank Closes Doors Stuart, Fla., March Seminole bank failed to open this morning, notice the door that recent heavy beginning the failure the Farmers Bank in West Palm precipitated the closing. There had been no The was capitalized at profits of $32,000 and deposits of 287,124.39.
22.March 19, 1927The Springfield Daily RepublicanSpringfield, MA
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PALM BEACH RUNS SHUT STUART BANK
Withdrawals Following Closing of Farmers' Bank Hasten Action-Miami Realty Corporation Bankrupt Tallahassee, Fla., March 18-(AP) Financial difficulties by banking institutions of West Palm Beach the primary cause of the closing today of the Seminole bank at state banking department bank officials announced today. The was capitalized at $50,000. notice posted on the door said that recent heavy withdrawals beginning after the failure of the Farmers' bank in West Palm Beach, precipitated the closing. There had been no run. The bank's deposits were given as $1,287 -Listing liabilities of and assets of $35,595.99. the J. C. H. Realty corporation of Miami filed. voluntary petition in bankruptcy in federal court here today. The petition was filed in the name of O. Johnson, chairman of the board of directors. Decision to the bankruptcy petition was reached stockl meeting at Miami the 4th, the petition stated.
23.March 19, 1927The News-JournalLancaster, PA
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ANOTHER BANK CLOSED
West Palm Beach Financial Trouble Reflected Another Town Tallahasse, Fla., March 18.-Financial difficulties experienced by banking institutions of West Palm Beach resulted primarily the closing today the Seminole Bank Stuart, State Department announced. The bank capitalized $50,000. notice posted door said that recent heavy beginning after the failure of the Farmers Bank in West Palm Beach, precipitated the closing. There had been no concerted run. The bank's deposits were given as $1,287,124.39.
24.March 19, 1927The Macon TelegraphMacon, GA
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BANK IS CLOSED
Seminole at Stuart, Fla., Is Latest to Crash
STU ART. Fla., March 18. (AP) Bank failed the that heavy with the failure Farmers Bank in West Palm the Beach. precipitated the closing. There concerted bank was at $50. undi000 vided profits $32,000 and depesits could not be reached this by bank officials posted included that the closing was partly caused by showed assets. loans deposits of $1,089,513 against
Palm Beach Blamed difficulties experiby banking institutions of Palm Beach primarily the Seminole Bank closing state banking department The bank
Bank runs are almost always and everywhere a deterioration of bank fundamentals.
But not for you.
You are the measure-zero exception: great fundamentals, solid bank, and yet the Diamond Dybvig fairy spread its rumor. Depositors woke up. Your collateral was not prepositioned. The Clearinghouse had it for you.
Do not pass Go. Do not collect $200. Go directly to jail… or worse.
