Ninth Street Bank & Trust Company (St Petersburg, FL)

Episode Information

Episode UID
63035871565
Episode Type
Suspension → Closure
Bank Type
trust
Bank ID
6303587 routing
Routing Number
63-0358
Start Date
May 1, 1930*
Location
St Petersburg, Florida (27.771, -82.679)

Metadata

Model
gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
5b46857b98ec7a42

Response Measures

None

Events (3)
1. May 1, 1930* Run
Cause
Local Banks
Cause Details
Unusually heavy withdrawals/contagion from other local bank failures in St. Petersburg in weeks preceding May 1930.
Newspaper Excerpt
Unusually heavy withdrawals from the two banks during the past few weeks was given by directors as the cause of the closings.
Source
newspapers
2. May 23, 1930 Suspension
Cause
Local Banks
Cause Details
Suspension followed heavy withdrawals and local banking failures that left multiple St. Petersburg banks closed.
Newspaper Excerpt
The Ninth Street institution, which suspended business yesterday, was the third to close here in as many weeks.
Source
newspapers
3. May 24, 1930 Receivership
Newspaper Excerpt
Guy B. Shepard, named as liquidator of the American Bank & Trust Co., which closed here recently, also will liquidate the Ninth Street Bank & Trust Co.... The Ninth Street institution ... was the third to close here in as many weeks.
Source
newspapers

Newspaper Articles (4)
1. May 24, 1930 Evening Star Washington, DC
Article from Evening Star, May 24, 1930

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Article Text

FLORIDA BANK CLOSES Liquidator Named for Institution in St. Petersburg. ST. PETERSBURG, Fla.. May 24 (P).-Guy B. Shepard, named as liquidator of the American Bank & Trust Co., which closed here recently, also will liquidate the Ninth Street Bank & Trust Co., it was announced yesterday. The Ninth Street institution, which suspended business yesterday, was the third to close here is as many weeks. The Ninth Street Bank & Trust Co. was organized on December 22, 1901, was capitalized at $200,000 and had $954,000 in deposits at the time it closed.

2. June 10, 1930 Evening Star Washington, DC
Article from Evening Star, June 10, 1930

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Article Text

BANK FAILURES TIE UP $4,500,000 DEPOSITS St. Petersburg, Fla., Has Only One Financial Institution Open, With Two Suspensions. By the Associated Press. ST. PETERSBURG, Fla., June 10.St. Petersburg was left with only one banking institution yesterday when two banks-the First National and Security -failed to open for business. Yesterday's failures tied up nearly $4,500,000 in deposits. The first National was capitalized at $1,000,000, with deposits of $4,160,000, and the First Security was capitalized at $50,000 and had deposits of $302,197. Unusually heavy withdrawals from the two banks during the past few weeks was given by directors as the cause of the closings. The First Security Bank was affiliated with the First National. The American Bank and the Ninth Street Bank recently failed here, leaving one operating out of a previous total of five. The bank which was still open yesterday, and which officers said would be open again today, is the Central National.

3. September 3, 1930 Tampa Bay Times St. Petersburg, FL
Article from Tampa Bay Times, September 3, 1930

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Article Text

BANK RECEIVER OFFERS CHANCE TO BUY Commissioners Consider Taking Property Tract for Graveyard Times Correspondent) Sept. given an opportunity the building of the defunct bank Largo, the before the here ask the memthey would be Sligh explained that, the bank's the lands and property it had been forced to He was informed that the county had power to buy propfor purposes, such as barn graveyard. Mr. Sligh then the pur chase acres just west of the Seaboard line for well 10-acre east of Haines road. He will submit list the lands to the board for consideration. Clark Appears Attorney Clark, St. Petersburg, told that the board thoroughly soldiers' home project will work hard to have the home located in Pinellas county. consisting of Virgil Almand Welch asked the requisite number on petition for the eradicaThis referred attorney. Russell and Russell Platt, from the board of health. the board the matter and briefly the survey making the county prior the mosquito campaign. George P. Woodell asked were not possible the refuse Water Plant at Dellwood. Engineer Burleson said would Mr. Woodell was given vote of thanks for the Get Lawn Mower Bids Bids for furnishing lawn mower were read. These were turned over Thayer of District No. where it is the intention to use At the afternoon session. the County Clerk Karl O'Quinn settlement the Hartford Accident Idemnity Company on depository bonds of the Ninth Street bank. showed that the full amount of the idemnity had including one $10,000 item that had expired four days the closing the bank. report and approved. County Judge Harry R. Hewitt's request four file and two drawer document files approved. long discussion of the condition of Johns Pass the concrete bridge followed the report of Engineer Burleson. He attributed the increased depth of the the Indian Pass closed. Abutments of the present bridge must be protected, center given further support. Walsingham, manager the free at Largo, raised the question dog show at the fair this year. The board took the matconsideration. industrial traffic manager specialist, with his offices in The Times building St. Petersburg, wrote the board that he understood that was receive salary of $5,000 year. He advised Chamber of Commerce at St. Petersburg that he would accept the position devote his entire time They accordingly called the commissioners for appropriation for $4,000 toward the office and that the extra The made Howance, but was discovered later that fiscal year of the county ends Oct. while that of the city July

4. January 1, 1933 Tampa Bay Times St. Petersburg, FL

Article Text

OCTOBER MANAGER COTTON calls for suggestions co-operation citizens drafting new budget based upon debt adjustbetween the the city; firemen dropped from city payroll economy move; County gets $3,500 allotment funds loaned Industry board becomes part Chamber Commerce: Jeffcoat, wife killer. delayed again corpus $62,346 back taxes the receiver Princess Martha bonds valued veterans' decides regional offices Judge William president Property budget City Manager King's set. calling for without meetterms the city and the elected president Junior Chamber of preme amends debt the city include its budget debt County Judge Harry Hewitt the probate will the late Julia Keuhmsted which was executed filed probate Oct. 29 the same Mollie R. Allen, pioneer dent, succumbs Miss., following long illness: Senators George of Georgia and Duncan U. Fletcher of Florida address large crowd Williams park; county clerk Karl O'Quinn deal bondholders program; increase 172 dents shown schools as register year compared 6,316 year; Tampa Ferry Transport company asks finance an the West Coast Bridge Tunnel company from the partly finance the construcof vehicular tunnel and bridge Tampa dormitory secretary the drops dead; campaign to stamp punch boards: John Donehoo have population Godwin and George Tucker Pierce killed automobile Clearwater: Porter Green, found fatally injured roadside Jungle section, with tery yet definitely though coroner's holds was result being H. hit filed federal court Tampa Anderson, receiver Central National Bank Trust company, against William Watand members the Watfamily recover the balance stock interJune, Nelson Sherrod, Shaw Sherrod, appointed claims adjuster, Claim Agent Baker: Magistrate Casey of District indicted "inciting commit perjury tax rate city council budget with fund in Mrs. Clara Annette Healy, fatally hit Paul Kelly, Howard Cunningelected of Hunt, the who hotel dies after lingering illness; notice stop the of 1931 tax certifiand Judge William through thousands take authorizes Karl O'Quinn to Home Sackett repre- site; Dorothy board out girl in Pinellas county plan with principal holders The Times beauty the Tourist M. Cotton activities for Maine nounces city carry virtually holds first tourist amount Insurance City clean owned buildings drive; Federal Judge Akerman year; Bayard Cook elected presijoins city from selling 1931 tax certi- dent Chamber Commerce: ficates property collateral York, leader, trust by Franklin com- here; council votes Dr. George Lochner suspend action petitions filed stalled other officers Property Taxpayers advice Veterans Foreign council Junior Chamber Commerce appropriation ordinance operate George chosen of lodge, Lynch, school Dakin Kansas school to named treasury duct negotiations bond holders partment succeed district school defunct debts; Unpaid Pinellas county school Thousands scrip which will redeemed greet Santa Claus cash institute airport for county Rice, the cuit Judge Frank Hobson Methodist named issues temporary injunction elder the Miami restraining tax certificates Horton succeed Dr. Rice but quires Dr. taboo Knowlton and others bond city council; Bradley, demnify found necessary re-advertise council to before delinquent tax list affirmed court Henry proceedings; Queen elected his president Petersburg letter daughter; Emma carriers; ChristRodgers, 82, after being struck Petersburg State Coast destroyers to favor zone during St. Petersburg for City council votes send Thommason for Washington Coast James receiver ask Guard officials send Ce-Sar "Joseph here this winter for target Harriman local woman, the First Na. tional bank presented Times Empty National bank, obtained default Stocking program: Selling judgements assets defunct American against several St. Petersburg perthe Ninth county elects; James Sikes, Street Trust state senator; Carey, Locke Kelly strained and Frank Booth, state opens Mayor Karl Henry W. urges Quinn, clerk court; Harry Hewitt, effort to stimulate paycounty Cunningham, ment personal sheriff: Charles Wilcox, Wilkerson, tax collector: real Keith Baynard, county Meyers elected Charles Carter, Thomas Alumni the 1928 McMullen, class; Tewes county Alfred memof the Legion post Lew Kay, county school board: found guilty manjustice peace, district No. slaughter constable district death of Merle Sutton, Palm Carpenter, stable district Hotel Men's result injuries her association prompt action struck by one proposed advertising campaign will Governor Doyle to Carlton speaks city municipal gas plant cut George Washington operation, tennial Parade, Edward orial for the, his address Senator Park Tram20 mel mark day; Tampa Bay Ferry comfor few pany given years Dann and Joe department complete expansion visit project in Davis, sought funds supply officer Soldiers of Home, City council Home authorizes Manager Cotton purthe United States Coast Guard chase St. Petersburg when 320 of needy kiddies: funds available when enjoys joyful obligations can Mrs. Minnie parties for and poor; killed fall her at fatally wounded home; of elects William Oscar Gilbart, Reed, Dugan, Fred cigar Fake Blair, Thomas D. Orr Herman Dann board Milton with arrest of Florida Holt, young peoples' church leader, Clifford and ley elected Gulfport; by Bridgland; perty Taxpayers St. Petersburg Allyn asking the repeal Moses, leader, city proposed the get; Judge Hobson issues order council: Tribute the thorizing liquidator Ninth Street ninth Bank Trust American and nual Memorial day dinner Trust Co., to sell assets held by the closed Otho elected club; action president Hotel Men's under trust deed Coast Guard cutters of gulf division Mrs. Gladys against for small arms pracManager Cotton promises Don hotel: Final substantial" reduction gas rates; John Brinkley, liams Petersburg erator radio station XER, visits Concert Boy Scouts launch annual Edward Jean Mair elected nancial drive; Arnell Macon, president recently organized shot down by Patrolman Junior College Alumnt FloriGrace Maddox, 51, take own life da Military academy plans to move using chloroform. from Jose Rolyat bringing creased Winter Resident student body; ReconstrucFinance agrees Bridge Praises City In $600,000 construction toll bridge between Tampa Clearwater; of Home Town Paper Secretary Patrick Hurley Alfred duPont city; Property Nelson, winter visitor and submit petitions hall, calling for repeal resident here in Rio Vista, has writcouncil's 1932-33 appropriation ten the editor of one the the other asking ers in Duquesne, Pa., his northern of people's budget; Dwight Rogers home, letter appearing recent life by strangwindow sash issue of that publication, in which cord; Paul Scudder elected comman he gives his impressions of St. American Legion City in good like Askew for advice disposition taxpayer's petitions Askew springer this to the suspend action until requested life open air sunshine this some authority; climate life what would call Proposed on city the Nelson nel club called off by promoters said in the letter. city com- city