560301377 56030
national
46992b804634d0cdPublic signal of financial health, Capital injected, Partial suspension, Full suspension, Books examined
Other: Temporary receiver placed in charge; bank suspended for ~90 days and reorganized with new officers and cash on hand required by Comptroller; receiver issued time certificates for large depositors as part of the reorganization.
Click image to open full size in new tab
BANK FAILURE. (BY ASSOCIATED PRESS) PENSACOLA, Fla., Sept. 1-The American National Bank of Pensacola closed its doors today after a run lasting about an hour. Aroused by sensational reports circulated last night depositors flocked to the bank this morning.
Click image to open full size in new tab
FLORIDA BANK IS CLOSED. With Nearly Two Millions in Depos. its, Bank Closes Following Run. Pensacola, Fla., Sept. 1.-The American National Bank closed its doors today after a run. The bank had deposits of one million, seven hundred thousand dollars.
Click image to open full size in new tab
FLORIDA BANK CLOSES DOORS AFTER A RUN (By Associated Press.) Pensacola, Fla., Sept 1.-The American National Bank closed its doors today after a run. The deposits of the institution amounted to $1,700,000.
Click image to open full size in new tab
FLORIDA BANK IS CLOSED AFTER RUN Pensacola, Fla., Sept. 1-The American National Bank of Pensacola closed its doors today after a run lasting about an hour. For some time after the doors closed. streets in front of the bank's ten story building were crowded Officials of the bank have made no statement.
Click image to open full size in new tab
PENSACOLA BANK CLOSED ITS DOORS (By Associated Press.) Pensacola, Fla., Sept. 1.-The American National Bank closed its doors today after a run. It carried deposits of $1,7000,000.
Click image to open full size in new tab
Run Closes a Bank. Pensacola, Sept. 1.-The American National bank of Pensacola closed its doors today after a run lasting about an hour. Aroused by sensational reports circulated last night, depositors flocked to the bank ,this morning. Officials of the bank have made no statement.
Click image to open full size in new tab
BANK FAILURE. (BY ASSOCIATED PRESS) PENSACOLA, Fla., Sept. 2-The American National Bank of Pensacol has closed its doors after a run lasting about an hour. Aroused by sensational reports circulated last night depositors flocked to the bank this morning.
Click image to open full size in new tab
TO PUT RECEIVER IN CHARGE OF BANK Washington, D. C., Sept. 2-Arrangements are being made to put a temporary receiver in charge of the American National bank of Pensacola, Fla., which closed its doors today after a short run. A brief report to the comptroller of the currency says the bank was closed by its directors but gives no details.
Click image to open full size in new tab
THE LATTER BUSY ALL OF YESTERDAY Will Require Several Days Before Proposed Plan Can be Got Into Shape For Presentation to Comptroller of Currency, But All Depends Upon the Depositors Themselves. No one is taking any more interest in the reopening of the American National Bank than is Receiver W. H. Milton. He is co-operating with the committee of depositors in every way, and to a Journal representative last night, Mr. Milton said: "I am deeply interested in seeing the American National re-opened No depositor could feel a keener interest in it than I feel and I am ready to co-operate in every way possible to the end that the bank may be able to resume business at the earliest possible time. Pensacola and West Florida need this bank and I sincerely trust the plans now being made for re-opening It will prove effective." The depositors committee, headed by Morris Bear, was busy all day yesterday and until late last night going into the details of the bank's condition and satisfactory progress is being made. It will require several days, however, before the proposed plan, as outlined in The Journal yesterday, can be got into shape for presentation to the comptroller of the currency, but the public will be advised as the work progresses. The plan of course depends entirely on the depositors themselves and until they can be communicated with and their agreement to it secured, it cannot be put into effect. Public sentiment regarding the American National seems to be unani mously in favor of its resuming business and all depositors who have been heard from are free in their approval of the plan proposed. The suspension of a bank is, in probably 99 cases out of 100, followed by more or less criticism of the management of the institution. The case of the American National, however, appears to be an exception to the rule, Not only has there developed no criticism, but the bank and the bank management probably never had so many friends as they have now. An examiner sent by the comptroller of the currency is expected to arrive in a day or two, but the committee will in the meantime keep at work on the plan for an early resumption of business by the bank.
Click image to open full size in new tab
It now develops that the American National Bank in Pensacola, which suspended the other day, is a solvent concern and its suspension was caused by the loose tongues of a few people who circulated damaging stories without any foundation in fact. This scared some of the small depositors, who started a perfectly needless run on the bank which developed to such proportions that it was necessary to close the doors to protect all concerned. We are glad to learn that the bank expects to reopen for business in a few days.
Click image to open full size in new tab
To Reinstate Local K. of C. An important meeting of the local branch of the Knights of Columbus will be held at the usual hour this evening, and the attendance of every member is earnestly desired. Important work is to be done. It was stated officially yesterday that the local branch stands suspended, and the meeting this evening will mainly be for the purpose of remedying this condition with national headquarters. The draft which was sent in payment of the local branch's c-bligations to the national headquarters was not honored on account of the failure of the American National Bank in Pensacola, and there will be some plan worked out at the meeting to place the Pensacola branch in the usual good standing. Dr. M. A. Lischkoff is out aug23tf of the city
Click image to open full size in new tab
PEOPLE AT THE CAPITAL RECEIVER MILTON AND MESSRS. PACE AND BEAR SEE COMPTROLLER OF CURRENCY ABOUT OPENING OF AMERICAN NATIONAL BANK-INSTITUTION TO OPEN NEXT WEEK. SPECIAL TO THE JOURNAL Washington, D. C., Nov. 18.-The American National Bank of Pensacola, which went into receivership two and a half months ago, will re-open its doors within a week or ten days. The Comptroller of Currency agrees to this arrangement, and announcement that the bank will re-open was made yesterday by ex-Senator W. H. Milton, its receiver. With Senator Milton here are J. G. Pace and Morris Bear, who will be president and vicepresident, respectively, of the reorganized bank. All three will go from here to New York to get acquainted with the bank's correspondent and other financiers there. The reorganized bank will have finances and prestige to make it a very strong institution.
Click image to open full size in new tab
AMERICAN NATIONAL BANK AFTER 90 DAYS' SUSPENSION REOPENS DOORS TOMORROW With New Money and New Officers Institution Now Telegram From Comptroller. One of Strongest Washington, D. C., Nov. 28, 1914. W. H. Milton, Receiver American National Bank, Pensacola, Fla. MORE THAN $600,000 This office having been advised by you that the directors of the American National Bank of Pensacola, Florida, have complied with the IN CASH ON HAND requirements requested of them, and that the bank now has sufficient funds with which to conduct business, the American National Bank is hereby authorized to resume business on Monday, Nov. 30, 1914. James G. Pace is President JOHN SKELTON WILLIAMS, Comptroller of the Currency. and Morris Bear is Vice-
Click image to open full size in new tab
American National Bank After 90 Days' Suspension Reopens Doors Tomorrow (Continued From First Page.)
Click image to open full size in new tab
PENSACOLA BANK REOPENS American National Bank, Which Recently Closed, Reopens Its Doors For Business Pensacola.-The American National Bank, which closed its doors following a run several months ago, threw open its doors again under new management. With that end in view, a large corps of clerks and assistants are working day and night this week, and it is expected that there will be no hitch in the arrangements to resume business. The announcement that business will be commenced again came from the lips of the committee on reorganization and the new officers to form the official personnel of the institution. Receiver Milton is busy in making out time certificates of deposits for periods of three, six nine and twelve months to those having over a certain sum on deposit, in conformity with agreements signed by the depositors.
Click image to open full size in new tab
RESULT OF MALICIOUS REPORT (Associated Press) Pensacola, March 7.-Circulation of a rumor that the American National Bank of this city was not solvent, which the bank characterized in a statement to the public as a "malicious lie," started a three-hours' run on the bank yesterday. The bank officials countered with a huge placard reading, "We have plenty of money; come get yours." These notices restored public confidence and at the closing the bank posted a notice that it would open at the usual hour today.
Click image to open full size in new tab
RECEIVER'S SALE. Notice is hereby given that the undersigned Receivers under and by virtue of an order of the Judge of the Court of Record of Escambia County, Florida, in the case of American National Bank V. J. W. Bullock and R. C. Caldwell, corporators as Bullock-Caldwell Shipbuilding Company and Theo. Baars, pending in said Court, during the legal hours of sale, on Monday, June 16th, 1919, sell at public outcry to the highest bidder for cash, at the office of the said BullockCaldwell Shipbuilding Company, located on the Bruce Dry Dock Company property, on the water front of said City, the following described property, to-wit: 1 uncompleted vessel, designated as No. 5 of about 1,400 tons deadweight carrying capacity; 1 uncompleted vessel designated as No. 4 of about 700 tons, deadweight carrying capacity; one lot of lumber, timber, tools, boatbuilding supplies and other property, particularly described in inventory on file in the office of Clerk of said Court: said property will be offered first as a whole and afterwards will be ofered separately in such lots as the parties interested may have requested in writing prior to said sale; said sale to be subject to confirmation by said court; terms cash and bills of sale at cost to purchaser. A. M. AVERY, E. E. REESE, Receivers.