gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
9f76f73d1d26dd3b
Response Measures
None
Description
Multiple reports state the bank closed March 8, 1927 amid runs; no clear article shows it reopened later.
Events (2)
1.March 8, 1927Run
Cause
Local Banks
Cause Details
Runs began after the First American Bank and Trust Company failed to open, triggering heavy withdrawals across Palm Beach banks.
Measures
Bank closed its doors (suspended business) purportedly to protect depositors.
Newspaper Excerpt
Midday found streets jammed with depositors seeking to save their money by withdrawing from remaining banks of the city.
Source
newspapers
2.March 8, 1927Suspension
Cause Details
Management closed the bank's doors to forestall further withdrawals and protect depositors amid heavy runs and unsettled local conditions.
Newspaper Excerpt
No sooner had the First American Bank and Trust company posted notice that business was suspended for the protection of depositors than two other institutions ... the First Bank and Trust company [of] Palm Beach.
Source
newspapers
Newspaper Articles (15)
1.March 8, 1927The Waukesha County FreemanWaukesha, WI
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Article Text
RUN OPENED FLORIDA BANKS
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. found streets jammed with depositors seeking to save their money by withdrawing from maining 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 depositors. No sooner had the First American Bank and Trust company posted notice that business was suspended for the protection of depositors than two other institutions Northwood Bank and Trust company of West Palm Beach and the First Bank and Trust company Palm Beach.
2.March 8, 1927Pasadena Star-NewsPasadena, CA
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Article Text
BANKS CLOSE IN FLORIDA
Frenzied Run Started in Palm Beach District
WEST PALM BEACH, March leading banks of the Palm Beaches closed their doors this morning started the most frenzied runs the history Florida finance. Midday found streets jammed depositors seeking to their money withdrawing from remaining banks of the city. Runs on the Farmers Bank and the Citizens Bank West Palm Beach such that an armored car dispatched from Miami bearing cash for panicky positors. No sooner had the First American Bank and Trust Company posted notice that business pended for the protection positors than other instituBank and Trust of Palm Beach and First Bank and Trust Company Palm Beach. Heavy withdrawals on all three banks during past eight months unsettled condition affairs this part the state given reasons for the clos-
3.March 8, 1927The Daily Alaska EmpireJuneau, AK
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Article Text
FLORIDA BANKS FAIL TO OPEN WEST PALM BEACH. Fla., March 8. The First Bank and Trust Com. pany of Palm Beach and the North wood Bank and Trust Company of West Palm Beach, closed their doors this morning when the First American Bank and Trust Company failed to open. Runs began on three other banks here. The police were called to control the mobs which gathered in front of the institutions. The First American Bank and Trust Company announced it was solvent and will reopen after reor ganization.
4.March 8, 1927Springfield Leader and PressSpringfield, MO
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Article Text
One in Palm Beach and Two in West Palm Begin on Two Others.
WEST PALM Fla., March First Bank and Trust company of Palm Beach and the Northwood Bank and Trust West Beach their doors the Bank Trust failed open this Runs began West Beach banks Police charge the crowds the instituand order. Clint Directors First American Mo., Bank and Trust company stated the bank solvent would after The directors stated that they more than legal reserve officers who the North three Palm Beach June, the continued Ridge in real the Grove, the city affairs, the failure the First and Trust weeks Lake Worth sons, continued large depositors in the past few Luana was Tre First Bank and Trust Mrs. for closing that the closed in order to forestall The which of the Palm believed have closed for reason.
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, 1927Times UnionBrooklyn, NY
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Article Text
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.
7.March 8, 1927The Brooklyn Daily TimesBrooklyn, NY
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Article Text
Run on Banks Florida When Close Their Doors
United West Palm March leading banks of the Palm Beach District closed their doors day and started one frenzied runs in the history Florida finance. Midday found streets Jammed with depositors seeking save their money from maining banks the Runs Farmers' Bank and the Citizens' Bank West Palm Beach that armored bearing panicky depositors. had the First American Bank and Trust Company posted notice that for the protection of depositors, than two other institutions Northwood Bank and Trust Company West Palm Beach and the First Bank and Trust Company Palm Beach. Heavy withdrawals on all three banks during the eight months and unsettled conditions of affairs this State the closing.
8.March 8, 1927The Oklahoma NewsOklahoma City, OK
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Article Text
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 Hastings Daily TribuneHastings, NE
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Article Text
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.
10.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.
11.March 8, 1927The Indianapolis TimesIndianapolis, IN
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Article Text
Three Banks in Palm Beach District
United Press WEST March leading banks of the Palm Beach district closed their doors today started one of the most frenzied runs in the history of Florida finance. Midday found streets jammed with their money by from maining banks of the city. Runs the Bank and the Bank West Palm Beach were such that from Miami bearing cash for sooner had the First AmerBank and Trust Company posted notice that business pended for of than others NorthBank and Trust Company, West Palm Beach, and the First Bank and Trust Company, Palm Beach. Heavy withdrawals on all three during the eight or ten months and affairs this part of the State reasons for the closing.
12.March 9, 1927The Springfield Daily RepublicanSpringfield, MA
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Article Text
sent from Miami bearing cash for panicky depositors. No sooner had the Brst Bank and Trust company posted notice that business the of depositors than two other institutions closed, the Northwood Bank and Trust company of West Palm Beach and the First Bank and Trust company of Palm Beach. Heavy withdrawals on all three banks during the past 8 or 10 months and unsettled conditions of affairs in this part of the state were given as reasons for the closing.
13.March 11, 1927Jasper County DemocratCarthage, MO
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Article Text
chamber. rate of evaporation from the eggy period might be advisable. chamber be evident in the cgg itself.
Palm Beach banks.
Say Bank Is Solvent ing the failure of three Palm Beach $300,000.
The First Bank and Trust Com pany of Palm Beach is capitalized at $50,000. No reason was announced for the closing but it is believed that the bank closed in order to forestall a run. The Northwood bank which serves the northern part of West Palm Beach is believed to have closed for the same reason.
The program consisted of read-
14.March 11, 1927Jasper County DemocratCarthage, MO
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Article Text
Three Florida Banks Shut Doors
Two Are Closed and Runs Begin on Two Others When Big Trust Concern Shats Doors
WEST PALM BEACH, Florida, March 8.-The First Bank and Trust Company of Palm Beach and the Northwood Bank and Trust Company of West Palm Beach clos-
15.September 26, 1930The Tampa TimesTampa, FL
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Bank Collateral Case Appealed by State Treasurer
West Palm Beach, Sept. State W. Knott today took appeal the court in suit whether mortgage, deposited with him collateral by First Bank Trust company Palm Beach, primarily liable for trust claims against failed bank. The appeal taken from circourt here demurrers filed Knott, State Comptroller Amos and the Florida Bank and Trust company, liquidator the First American, in suit brought Morris, trustee for an and appointment receiver take trust of the closed also denied Morris' petition in the Owing the importance of the case, general's office seeking to have advanced on the supreme court cording word received here interested officials
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.
